The research has conclusion as followed:EVA has strong explanatory to the changes of corporation market value, but not enough to fully explain it;

论文得出的结论是：EVA指标对公司价值变动有较强的解释能力，但不足以全面解释公司价值变动；

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The new method USES reference portfolio formed on the base of corporation market value to calculate long-run abnormal returns, USES adjusted-t test or rank test to test abnormal returns.

改进的长期异常回报率计算方法是基于市值的参考组合法，改进的检测方法是偏度矫正的t检验法和秩和法。

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The corporation receives a tax deduction equal to the fair market value of the shares that are transferred to the trustee.

公司可以获得与转给信托人的股份相当的时价的税收减免。

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That same agreement also gives Mr. Scott and his related family interests the right to put their shares to the Corporation at fair market value to be determined by independent appraisal if the sellers do not agree with the price offered by the Corporation, and payable in Berkshire shares.

FORBES: Corporate Governance At Berkshire Hathaway: Maybe It's Not All That

In another significant departure from current law, the proposed law would make distributions of appreciated property a taxable event, with the partnership or S corporation recognizing gain as if they sold the property for its fair market value.

FORBES: Business Return Due Dates