Sergei Vasilievich Cheremushkin

Independent

No Address Available

SCHOLARLY PAPERS

17

DOWNLOADS
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SSRN RANKINGS

Top 2,716

in Total Papers Downloads

10,784

CITATIONS
Rank 30,824

SSRN RANKINGS

Top 30,824

in Total Papers Citations

7

Scholarly Papers (17)

1.

What's Wrong with the Economic Value Added?

Number of pages: 50 Posted: 17 Apr 2008 Last Revised: 01 Sep 2009
Sergei Vasilievich Cheremushkin
Independent
Downloads 3,571 (1,878)

Abstract:

Economic Value Added (EVA), Residual Income (RI), Performance Measurement, Capital Charge, Weighted Average Cost of Capital (WACC), Accounting WACC, Market WACC, Accounting EVA, Market-based EVA, Cross-Bred EVA, Residual Market Profit, Firm Evaluation, Project Evaluation, Corporate Finance

2.

Long-Term Financial Statements Forecasting: Reinvesting Retained Earnings

Cheremushkin, Sergei V. 2010. “Long-Term Financial Statements Forecasting. Reinvesting Retained Earnings,” The Valuation Journal, Vol. 5, No. 2. pp. 46-87.,
Number of pages: 26 Posted: 19 Oct 2008 Last Revised: 13 Aug 2012
Sergei Vasilievich Cheremushkin
Independent
Downloads 1,935 (5,067)

Abstract:

financial statements forecasting, retained earnings, plugs, firm's valuation, financial modelling, business planning, additional funds needed, excess cash, reinvestments, sensitivity analysis, Monte-Carlo simulation, probabilistic analysis

Abstract:

Valuation, Cash Flow, WACC, Cost of Equity, Financial Leverage, Cost of Levered Equity, Cost of Unlevered Equity

4.

Some Explanations to What's Wrong with the Economic Value Added?

Number of pages: 7 Posted: 15 Sep 2008
Sergei Vasilievich Cheremushkin
Independent
Downloads 706 (26,910)

Abstract:

Economic Value Added (EVA), Residual Income (RI), Performance Measurement, Capital Charge, Weighted Average Cost of Capital (WACC), Accounting WACC, Market WACC, Accounting EVA, Market-based EVA, Cross-Bred EVA, Residual Market Profit, Firm Evaluation, Project Evaluation, Corporate Finance

5.

Why D-CAPM is a Big Mistake? The Incorrectness of the Cosemivariance Statistics

Number of pages: 16 Posted: 02 Feb 2009 Last Revised: 13 Aug 2010
Sergei Vasilievich Cheremushkin
Independent
Downloads 637 (25,928)
Citation 1

Abstract:

CAPM, downside risk, downside beta, cost of capital, MLPM model, asymmetric returns, asset pricing

6.

There is No Hidden Reinvestment Assumption in Discounting Formula and IRR: Logical and Mathematical Arguments

Number of pages: 21 Posted: 10 Jan 2012 Last Revised: 22 Oct 2012
Sergei Vasilievich Cheremushkin
Independent
Downloads 579 (25,571)

Abstract:

valuation, cash flow, WACC, cost of equity, financial leverage, cost of levered equity, cost of unlevered equity, performance measurement

7.

How to Avoid Mistakes in Valuation: Guidelines for Practitioners

Number of pages: 98 Posted: 14 Mar 2011
Sergei Vasilievich Cheremushkin
Independent
Downloads 403 (49,755)
Citation 2

Abstract:

Valuation, Cash Flow, WACC, Cost of Equity, Financial Leverage, Cost of Levered Equity, Cost of Unlevered Equity, Forecasting

8.

The Seamy Side of the MM Irrelevance Propositions: A Break-Through Through the Haze

Number of pages: 52 Posted: 06 Oct 2007 Last Revised: 15 Jun 2016
Sergei Vasilievich Cheremushkin
Independent
Downloads 294 (79,224)
Citation 2

Abstract:

financial leverage, dividend irrelevance, capital structure irrelevance, value creation, mean-variance analysis, risky cash outflows, NPV, MNPV, M&M theorems, WACC, CoE, investment projects evaluation, EVA, Residual Income, MVA

9.

Internal Inconsistency of Downside CAPM Models

Черемушкин С.В. Противоречивость конструкции моделей CAPM с односторонним риском (Internal Inconsistency of Downside CAPM Models) // Электронный журнал Корпоративные Финансы, 2011, № 4 (20), с. 90-111.,
Number of pages: 21 Posted: 15 Jan 2012 Last Revised: 13 Aug 2012
Sergei Vasilievich Cheremushkin
Independent
Downloads 175 (112,734)

Abstract:

CAPM, downside risk, downside beta, cost of capital, MLPM model, asymmetric returns, asset pricing

10.
Downloads 132 (155,193)
Citation 2

Abstract:

Risky Cash Flow, Valuation, Discount Rate, Risk Premium, Certainty Equivalents, Uncertainty Resolution

11.
Downloads 119 (168,010)

Abstract:

Valuation, Cash Flow, WACC, Cost of Equity, Financial Leverage, Cost of Levered Equity, Cost of Unlevered Equity

12.

A Simple Error-Proof Approach to Find Composite Discount Rates Such as CoLE, WACC and the Like

Number of pages: 4 Posted: 02 Aug 2011 Last Revised: 16 Aug 2011
Sergei Vasilievich Cheremushkin
Independent
Downloads 80 (241,179)

Abstract:

Valuation, Cash Flow, WACC, Cost of Equity, Financial Leverage, Cost of Levered Equity, Cost of Unlevered Equity, Performance Measurement

13.
Downloads 0 (446,531)

Abstract:

payback period, investment project, capital budgeting, nonconventional cash flow, financial modeling, Excel, VBA, modified cumulative cash flow

14.

Capital Structure Irrelevance: The Modigliani-Miller Theorem

CAPITAL STRUCTURE AND CORPORATE FINANCING DECISIONS, H. Kent Baker, Gerald Martin, eds., John Wiley & Sons, Inc., Hoboken, New Jersey, 2011
Posted: 12 Aug 2012
Sergei Vasilievich Cheremushkin
Independent

Abstract:

cost of capital, wacc, market value, modigliani-miller, capital structure

15.

How to Ensure Consistency between Discount Rates and Cash Flows?

The Valuation Journal, Vol. 6, No. 2. pp. 4-45, 2011
Posted: 12 Aug 2012
Sergei Vasilievich Cheremushkin
Independent

Abstract:

Valuation, Cash Flow, WACC, Cost of Equity, Financial Leverage, Cost of Levered Equity, Cost of Unlevered Equity

Abstract:

risky cash outflows, risky costs, negative risk premium, risk premium, CAPM, risk preference, beta, RADR, imprecise probabilities, capital budgeting

17.

What’s Wrong with the Value Based Measures?

Posted: 13 Feb 2010
Sergei Vasilievich Cheremushkin
Independent

Abstract:

Economic Value Added (EVA), Residual Income (RI), Performance Measurement, Capital Charge, Weighted Average Cost of Capital (WACC), Accounting WACC, Market WACC, Accounting EVA, Market-based EVA, Cross-Bred EVA, Residual Market Profit, Firm Evaluation, Project Evaluation, Corporate Finance