The Correct Evaluation of the Investment Value of the Object in a Time of Crisis

Maksim K. Shabalin ()
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Maksim K. Shabalin: PJSC TransContainer, Russia

Finansovyj žhurnal — Financial Journal, 2016, issue 4, 66-75

Abstract: The article presents a fundamental change in the classical approach to business valuation on the Gordon method, which allows adapting the financial model to the factors that do not have a permanent character. As a result, a temporary jump in asset yields will not significantly influence the outcome, which would broaden the scope of applicability of the formula with a stable economic situation in the more approximate one to the Russian economy.

Keywords: business valuation; an impairment test; the Gordon model; discounted cash flows; the fair value; the market value (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:160408:p:66-75

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