Vladimir B. Michailetz

Russian Society of Appraisers

Member

21-1, ul. Novaya Basmannaya

Moscow, 107978

Russia

SCHOLARLY PAPERS

6

DOWNLOADS

680

SSRN CITATIONS

0

CROSSREF CITATIONS

2

Scholarly Papers (6)

1.

Discounted Cash Flows Analysis and the Discounting Procedure in Market Valuations - How We Understand Them: A Brief Conceptual Note for Professional Valuers

Number of pages: 6 Posted: 05 Feb 2008
Andrey Igorevich Artemenkov and Vladimir B. Michailetz
GUU-State University of Management and Russian Society of Appraisers
Downloads 294 (102,974)
Citation 2

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Assets Valation, DCF analysis, yield capitalization techniques, discount rates for market valuations, CAPM, the principle of equi-benificiality of market exchange (transactional equilibrum principle), types of risks in market valuations

2.

Valuation of Leasehold Interests: Their Worth, Exchange Value and Relation to Rent

Number of pages: 9 Posted: 20 May 2008
GUU-State University of Management, Russian Society of Appraisers and State University of Management
Downloads 215 (141,753)

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Leasehold valuation, market rent, IVS 2007 Fair Value, worth vs. exchange value

3.

Neoclassical and Postneoclassical Perspectives in Valuation Theory

Number of pages: 28 Posted: 04 Feb 2008
Andrey Igorevich Artemenkov and Vladimir B. Michailetz
GUU-State University of Management and Russian Society of Appraisers
Downloads 99 (266,707)

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neoclassic valuation theory, professional valuation and appraisal practice, three approaches to valuation, Highest and best use analysis, definition of Market Value, Russian and International Valuation Standards

4.

The Transactional Asset Pricing Approach (TAPA): A new framework for valuing illiquid-income producing assets.

Forthcoming, ANEVAR Valuation Journal
Number of pages: 7 Posted: 23 Mar 2019 Last Revised: 07 Aug 2019
Vladimir B. Michailetz and Andrey Igorevich Artemenkov
Russian Society of Appraisers and GUU-State University of Management
Downloads 37 (436,459)

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Transactional Asset Pricing Approach (TAPA), Fair Value, valuation theory, DCF, Direct Income capitalization, Gordon model, Inwood, Hoskald, Ring, time-variant discount rates

5.

The Transactional Asset Pricing Approach: Its Application in Professional Business Valuation and Fair Value Theories

TALK TO IVSC-ANEVAR INTERNATIONAL BUSINESS VALUATION CONFERENCE Bucharest, Romania, 7 Sept, 2018
Number of pages: 27 Posted: 30 Aug 2018
Vladimir B. Michailetz and Andrey Igorevich Artemenkov
Russian Society of Appraisers and GUU-State University of Management
Downloads 35 (444,644)

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Transactional Assets Pricing Approach (TAPA), Direct Income Capitalization, DCF Analysis, Economic Measurements, Multi-Period Discount Rates, Gordon Growth Model, Income Approach, Investment-Financial Valuation, Inwood Model, Ring Model, Professional Valuation, Valuation Benchmark

6.

Liquidation Value Basis in the Context of Exposure Periods: A Deductive Model

Posted: 07 Nov 2009 Last Revised: 24 Feb 2019
Vladimir B. Michailetz and Andrey Igorevich Artemenkov
Russian Society of Appraisers and GUU-State University of Management

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Liquidation value, forced sale discounts, optimal exposure periods, seller indifference (SI) curve, market indifference (MI) curve, optimal LTV ratios, elasticities of transaction intensity