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2014 | 22 | 1 | 44-50
Article title

Significance Of Residual Value In Asset Valuation

Title variants
Languages of publication
EN
Abstracts
EN
The construction of residual value is a key element of income methods in asset valuation. Its main task is to include asset value at the end of the forecasted cash flow period. Although it is common to apply simplified models of residual value in valuation practice, its meaning in shaping the final outcome is substantial. The aim of the article is to emphasize the role of using an appropriate formula in determining residual value in the valuation process. Moreover, alternative methods of estimating residual value will be presented together with scenarios of applying them.
Keywords
Publisher
Year
Volume
22
Issue
1
Pages
44-50
Physical description
Dates
published
2014-03-01
online
2014-04-12
Contributors
References
  • CORGEL J., LEE H., 2011, Living with Terminal Capitalization Rates: A Look at Real Estate Valuation Model Parameter Setting, Working Paper 2011-010, The Centre for Real Estate and Finance.
  • DAMODARAN A., 2006, Damodaran on Valuation, John Wiley & Sons, New Jersey.
  • FULLER R., HSIA C., 1984, A Simplified Common Stock Valuation Model, Financial Analysts Journal, Sptember-October.
  • PINTO J., HENRY E., ROBINSON T., Stowe J., 2010, Equity Asset Valuation, CFA Institute.
  • POLSON C., 2006, To Infinity and Beyond Examining the Terminal Value Calculation, Business Valuation Digest vol. 12, issue 3, The Canadian Institute of Chartered Business Valuators.
  • POWSZECHNE KRAJOWE STANDARDY WYCENY, NI 2, Zastosowanie podejścia dochodowego w wycenie nieruchomości.
  • SZCZEPANKOWSKI P., 2007, Wycena i zarządzanie wartością przedsiębiorstwa, PWN, Warszawa.
  • TUZIMEK R., 2011, Stopa wzrostu w wartości rezydualnej - poprawność sporządzanych kalkulacji w wycenie akcji spółek notowanych na Giełdzie Papierów Wartościowych w Warszawie, Studia i Prace Kolegium Zarządzania i Finansów, Zeszyt Naukowy 109, SGH Warszawa.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.doi-10_2478_remav-2014-0006
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