Michael J. Lavelle

Michael J. Lavelle, ASA, CFA

Managing Director (Shareholder) at Appraisal Economics Inc.

Professor of Finance (Adjunct) at The College of New Jersey

Author of Basic Finance Textbook, 13th Edition

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Valuation and Finance Professional, Professor, Author

Biography

Michael Lavelle is a Managing Director (Shareholder) at Appraisal Economics Inc., responsible for supervising and performing valuations of business interests, securities, and intangible assets. His clients include billion-dollar publicly traded companies, early stage ventures, ultra high net worth individuals, and state and federal government entities. He has performed valuation studies for a variety of purposes including: federal income and estate taxes, litigation, financial reporting, and solvency and fairness issues. He served as the President of the Board of the American Society of Appraiser's Northern New Jersey Chapter. Mr. Lavelle has testified as an expert witness in United States Tax Court.

Mr. Lavelle is an adjunct professor of finance at The College of New Jersey, where he teaches the time value of money, financial risk and return, the valuation of stocks and bonds, financial leverage, the cost of capital, and capital budgeting. He also serves on the School of Business's Dean's Advisory Council and has served as a judge for the annual Mayo Business Plan Competition.

EXPERIENCE

2006-Present

Managing Director

Appraisal Economics - Independent Valuation Experts

2017-Present

Professor of Finance (Adjunct)

The College of New Jersey

PUBLICATIONS

Basic Finance

An Introduction to Financial Institutions, Investments, and Management,

- Author, 13th Edition

Basic Finance, 13th Edition book cover

Practical Guide to Successful Intellectual Property Valuation and Transactions

- Co-Author of Chapter 8:

Discount Rates and Rates of Return for Intellectual Property

Practical Guide to Successful Intellectual Property Valuation and Transactions book cover

CREDENTIALS

CFA Charterholder

- Chartered Financial Analyst Institute

CFA Institute

Accredited Senior Appraiser

American Society of Appraisers

- Business Valuation

- Intangible Assets

American Society of Appraisers

PRESENTATIONS

Association of International Certified Public Accountants

- "Getting the Fair Value Right in Business Combinations"

Association of International Certified Professional Accountants

Western States Association of Tax Administrators

- "Controversies in the Development and Application of Discount Rates"

Western States Association of Tax Administrators

American Society of Appraisers

- "Cap Rates for Complex Industrial and Renewable Energy Properties"

American Society of Appraisers

Association for Corporate Growth

- "M&A and Valuations in the Pandemic"

Association for Corporate Growth New Jersey

National Association of Personal Finance Advisors

- "Business Valuation, Exit Planning, and Current Market Dislocations"

National Association of Personal Financial Advisors

The College of New Jersey

- "COVID-19, the Economy, and Markets"

The College of New Jersey

EDUCATION

2012

Master of Business Administration

With Distinction (Top 10%)

Beta Gamma Sigma Honor Society

NYU Stern School of Business

2006

Bachelors of Science

Full Academic Scholarship

Edward J. Bloustein Distinguished Scholar

Omicron Delta Epsilon Honor Society

The College of New Jersey

SERVICE

2014-2019

Board of Officers

Northern NJ Chapter

American Society of Appraisers

2018-Present

Dean's Advisory Council

School of Business

The College of New Jersey