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CBV INSTITUTE-CAAA GRANT

The Canadian Institute of Chartered Business Valuators (operating as CBV Institute) has made a research fund available to members of the CAAA at Canadian institutions. There will be one call for proposals per year. The maximum grant is $13,000.

If you require assistance with any grant-related matter, please email admin@caaa.ca.

UPCOMING DEADLINES


Letter of Intent due: March 7, 2025


Proposal invitation: March 28, 2025


Proposal due: April 28, 2025 


Decision letter: July 1, 2025 

PURPOSE


The purpose of this fund is to encourage Canadian academics to undertake projects in business valuation, to provide insight to the business valuation community in Canada and around the globe. The business valuation community consists of professionals who work in a broad range of practice areas, including deal analysis, transaction advisory, investment banking, estate/succession planning, litigation support (matrimonial, shareholder, commercial, securities), valuation for financial reporting, financial instrument valuation, and value protection and creation advisory. 


Any topic related to business valuation that would be of interest to practitioners working in the aforementioned practice areas will be considered, including (but not limited to) topics relating to (public or private) business, securities, or financial instrument valuation, intangible asset valuation, loss quantification, or standard-setting and practice management matters. The following list includes examples of topics of interest to practitioners. It is not an exhaustive list; CBV Institute welcomes other projects of relevance to business valuation.


  • The impact of ESG disclosure and a commitment to sustainability on business value
  • New developments on measuring the cost of capital, control premiums, illiquidity discounts, country-specific risk premiums
  • The value of innovation
  • The impact of AI on business value
  • The impact of social media on business value


The research under this program need not lead to publication in a scholarly journal, although it may lead to one or more such publications. Regardless of whether or not the research under this program does lead to publication in a scholarly journal, the findings from the research project may also (or may instead) form the basis for a publication issued by CBV Institute that is useful to business valuation professionals and academics, as well as to advance thought leadership and understanding for further exploration. 

FUNDING CRITERIA


The main funding criteria are that the work be:

  • Relevant to the business valuation profession
  • Completed on a timely basis
  • Of quality
  • 600-800 word practitioner-oriented summary be provided

The first criterion is to be ensured by CBV Institute's review of the letter of intent. The timeliness criterion includes providing a detailed timeline in the proposal showing expected dates for production of reports or working papers. The reports or working papers must be completed within 24 months. The quality is ensured by the expertise provided by the CAAA Publications & Research Committee’s examination / approval of the proposal. 

Once the funded project has reached a stage of maturity such that the study’s results and conclusions are expected to be robust (which may occur prior to publication), the grantee will be required to provide a 600-800-word practitioner-oriented summary of their study.

GUIDELINES


Applicants are requested to submit a one- to two-page letter of intent outlining the area(s) and objectives of the research using the form below. The letter of intent should also explain the relevance of the project to the business valuation profession.

Do not send this letter of intent (LOI) to CBV Institute. Submissions for this grant are handled by the CAAA Secretariat. Feedback to applicants will be returned through the Chair of the CAAA Research Committee. LOIs passing the initial stage will be invited to submit a full grant proposal. We encourage research employing any research methods.