Sergei Vasilievich Cheremushkin

Independent

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SCHOLARLY PAPERS

17

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13,133

SSRN CITATIONS
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SSRN RANKINGS

Top 38,315

in Total Papers Citations

7

CROSSREF CITATIONS

16

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 3,908 (4,810)
Citation 2

Abstract:

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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 2,497 (9,916)
Citation 5

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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

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

4.

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 1,033 (38,134)
Citation 6

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

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 1,008 (39,445)
Citation 7

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

6.

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

Number of pages: 7 Posted: 15 Sep 2008
Sergei Vasilievich Cheremushkin
Independent
Downloads 771 (57,002)

Abstract:

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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

7.
Downloads 637 (73,249)

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

8.

How to Avoid Mistakes in Valuation: Guidelines for Practitioners

Number of pages: 98 Posted: 14 Mar 2011
Sergei Vasilievich Cheremushkin
Independent
Downloads 609 (77,249)
Citation 1

Abstract:

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

9.

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 356 (146,187)
Citation 3

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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

10.

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 320 (163,927)

Abstract:

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

11.
Downloads 222 (236,681)
Citation 2

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

12.
Downloads 173 (296,408)

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

13.

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 110 (422,970)

Abstract:

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

14.

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:

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

15.

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

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

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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:

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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