On the Distinctions between the Professional Valuation and the Investment-Financial Valuation: Possible Explanations Considering the Present Revisiting the Concepts Drive - The Professional Valuation on its Way to Establishing its Niche in the General Spectrum of Valuations

21 Pages Posted: 16 Jan 2008

See all articles by Andrey I. Artemenkov

Andrey I. Artemenkov

Westminster International University in Tashkent (WIUT); Ariel University

Georgiy Ivanovich Mikerin

State University of Management - Department of Economic measurements

Igor Lvovich Artemenkov

State University of Management

Date Written: November 2007

Abstract

This article attempts to make an insight into the essence of the current processes of expansion and molding of the niche of the Professional Valuation. The first part of the article is devoted to the brief review of new notions and processes which are engendered by the requirements of the Professional Valuation and by the realization of the independence and innovativeness of certain aspects of its theory. The second part adduces an array of illustrations, vignettes and observations concerning new valuation techniques which aid in recognizing the acuteness of the fundamental shifts currently gaining ground on the plane of practice and establishing clear theoretical distinctions vis-a-vis the areas of contiguous valuation practices. Such distinctions are illustrated by way of comparison with certain widely-used techniques of the investment-financial valuation (specifically, in the area of the Discounted Cash Flows analysis and in the area of applying discounts and premiums in Business Valuations).

Keywords: Professional Valuation, Investment Financial Valuation, illiquid assets, CAPM, DLOM, real options, contingent valuations

JEL Classification: D40, D46, E30, G12, G13

Suggested Citation

Artemenkov, Andrey I. and Mikerin, Georgiy Ivanovich and Artemenkov, Igor Lvovich, On the Distinctions between the Professional Valuation and the Investment-Financial Valuation: Possible Explanations Considering the Present Revisiting the Concepts Drive - The Professional Valuation on its Way to Establishing its Niche in the General Spectrum of Valuations (November 2007). Available at SSRN: https://ssrn.com/abstract=1084026 or http://dx.doi.org/10.2139/ssrn.1084026

Andrey I. Artemenkov (Contact Author)

Westminster International University in Tashkent (WIUT) ( email )

12 Istiqbol St
Tashkent, 100047
Uzbekistan

Ariel University ( email )

Israel

Georgiy Ivanovich Mikerin

State University of Management - Department of Economic measurements ( email )

99, Ryazanski Prospect, Moscow
Moscow, 123298
Russia

Igor Lvovich Artemenkov

State University of Management ( email )

99, Ruzyanski Prospect
Moscow, 123060
Russia

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