The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits

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.

Bibliographic Details
Main Authors: Michaletz Vladimir B., Artemenkov Andrey I.
Format: Article
Language:English
Published: Sciendo 2021-03-01
Series:Real Estate Management and Valuation
Subjects:
ellwood formula
transactional asset pricing approach (tapa)
leverage benefits
property valuation
the principle of transactional equity-in exchange
d46
g12
Online Access:https://doi.org/10.2478/remav-2021-0006
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spelling doaj-c02ca4191a7247b1bf328ad2f8d5faab2021-09-05T14:01:22ZengSciendoReal 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
collection DOAJ
language English
format Article
sources DOAJ
author Michaletz Vladimir B.
Artemenkov Andrey I.
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
author_facet Michaletz Vladimir B.
Artemenkov Andrey I.
author_sort Michaletz Vladimir B.
title 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_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_sort transactional asset pricing approach(tapa): incorporation of leverage and derivation of extended ellwood formula with fixed leverage benefits
publisher Sciendo
series Real Estate Management and Valuation
issn 2300-5289
publishDate 2021-03-01
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.
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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AT artemenkovandreyi thetransactionalassetpricingapproachtapaincorporationofleverageandderivationofextendedellwoodformulawithfixedleveragebenefits
AT michaletzvladimirb transactionalassetpricingapproachtapaincorporationofleverageandderivationofextendedellwoodformulawithfixedleveragebenefits
AT artemenkovandreyi transactionalassetpricingapproachtapaincorporationofleverageandderivationofextendedellwoodformulawithfixedleveragebenefits
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