The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits
The Paper discusses the derivation of the Ellwood formula on the basis of the Transactional Asset Pricing approach to valuation (TAPA) and proceeding from the dynamic principle of transactional equity-in-exchange.
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2021-03-01
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| Series: | Real Estate Management and Valuation |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/remav-2021-0006 |
| _version_ | 1818666239866699776 |
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| author | Michaletz Vladimir B. Artemenkov Andrey I. |
| author_facet | Michaletz Vladimir B. Artemenkov Andrey I. |
| author_sort | Michaletz Vladimir B. |
| collection | DOAJ |
| description | The Paper discusses the derivation of the Ellwood formula on the basis of the Transactional Asset Pricing approach to valuation (TAPA) and proceeding from the dynamic principle of transactional equity-in-exchange. |
| first_indexed | 2024-12-17T06:01:23Z |
| format | Article |
| id | doaj.art-c02ca4191a7247b1bf328ad2f8d5faab |
| institution | Directory Open Access Journal |
| issn | 2300-5289 |
| language | English |
| last_indexed | 2024-12-17T06:01:23Z |
| publishDate | 2021-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Real Estate Management and Valuation |
| spelling | doaj.art-c02ca4191a7247b1bf328ad2f8d5faab2022-12-21T22:00:53ZengSciendoReal Estate Management and Valuation2300-52892021-03-01291547110.2478/remav-2021-0006The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage BenefitsMichaletz Vladimir B.0Artemenkov Andrey I.1RF Directorate of State Scientific Research Programs, RussiaThe Westminster International University in Tashkent, WIUT, Uzbekistan, aartemenkov@wiut.uzThe Paper discusses the derivation of the Ellwood formula on the basis of the Transactional Asset Pricing approach to valuation (TAPA) and proceeding from the dynamic principle of transactional equity-in-exchange.https://doi.org/10.2478/remav-2021-0006ellwood formulatransactional asset pricing approach (tapa)leverage benefitsproperty valuationthe principle of transactional equity-in exchanged46g12 |
| spellingShingle | Michaletz Vladimir B. Artemenkov Andrey I. The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits Real Estate Management and Valuation ellwood formula transactional asset pricing approach (tapa) leverage benefits property valuation the principle of transactional equity-in exchange d46 g12 |
| title | The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits |
| title_full | The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits |
| title_fullStr | The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits |
| title_full_unstemmed | The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits |
| title_short | The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits |
| title_sort | transactional asset pricing approach tapa incorporation of leverage and derivation of extended ellwood formula with fixed leverage benefits |
| topic | ellwood formula transactional asset pricing approach (tapa) leverage benefits property valuation the principle of transactional equity-in exchange d46 g12 |
| url | https://doi.org/10.2478/remav-2021-0006 |
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