Beginning in 1996, level estimated by FOF Section by multiplying the net worth data of S-corporations from the IRS, SOI Table S- Corporation Returns: Balance Sheet and Income Statement Items, by Major Industry, by the average ratio of market value to net worth from Standard and Poor's Compustat for public companies in the same industries. The total market value of S-corporations is adjusted downward by 25 percent to reflect the lack of liquidity of closely held shares. Series has no transactions component.
Last edited on: 03/28/2016