DEFINITION OF LIQUIDATION PROPERTY VALUE

DEFINITION OF LIQUIDATION PROPERTY VALUE

The article examines the interrelation of market and liquidation value of the appraisal subject. It was established that the approach of “break-even” sale of a subject at liquidation value, which is predominating in the literature sources, shows the results essentially different from the ratio of th...

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Published in:Business, management and economics engineering Vol. 11; no. 1; pp. 19 - 33
Main Authors: Gnenny, Oleg, Dailydka, Stasys, Lingaitis, Vytautas
Format: Journal Article
Language:English
Published: Vilniaus Vilnius Gediminas Technical University, Department of Construction Economics & Property 01-01-2013
Vilnius Gediminas Technical University
Subjects:
Dependence
Discount rates
Education
Elasticity of demand
Hypotheses
income increase
investment volume
Liquidation
Market value
multiobjective optimisation
Price cuts
Property
Property values
rational investment
Real estate appraisal
set function
Studies
time of project realisation
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Abstract The article examines the interrelation of market and liquidation value of the appraisal subject. It was established that the approach of “break-even” sale of a subject at liquidation value, which is predominating in the literature sources, shows the results essentially different from the ratio of the prices of free and accelerated sales that can be observed on the market. The article offers an alternative approach to definition of market value coefficient, which considers switching to liquidation value. This approach is based on functional dependence of the coefficient on the ratio of limited and unlimited period of exposition.
AbstractList The article examines the interrelation of market and liquidation value of the appraisal subject. It was established that the approach of “break-even” sale of a subject at liquidation value, which is predominating in the literature sources, shows the results essentially different from the ratio of the prices of free and accelerated sales that can be observed on the market. The article offers an alternative approach to definition of market value coefficient, which considers switching to liquidation value. This approach is based on functional dependence of the coefficient on the ratio of limited and unlimited period of exposition.
The article examines the interrelation of market and liquidation value of the appraisal subject. It was established that the approach of 'break-even' sale of a subject at liquidation value, which is predominating in the literature sources, shows the results essentially different from the ratio of the prices of free and accelerated sales that we can observe on the market. The article offers an alternative approach to definition of market value coefficient which considers switching to liquidation value. This approach is based on functional dependence of the coefficient on the ratio of limited and unlimited period of exposition.[PUBLICATION ABSTRACT]
Author Dailydka, Stasys
Gnenny, Oleg
Lingaitis, Vytautas
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  surname: Lingaitis
  fullname: Lingaitis, Vytautas
  organization: Vilnius Gediminas Technical University
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Cites_doi 10.1111/0022-1082.00040
0.2307/2331394
10.1111/0022-1082.00398
10.1093/rfs/hhm019
10.1007/s00780-008-0082-8
10.1016/S0304-405X(02)00069-7
10.1111/1540-6261.00414
10.1016/S0304-405X(99)00007-0
10.1016/S0304-405X(02)00073-9
10.1016/j.jfineco.2004.05.004
10.1111/j.1540-6261.1995.tb05184.x
10.3905/jot.2008.708838
10.1111/j.1540-6261.2007.01256.x
10.1162/003355398555739
10.1111/j.1540-6261.1997.tb01115.x
10.1093/rfs/15.1.1
10.1016/S0304-405X(01)00059-9
10.1016/S0929-1199(00)00007-9
10.1007/s11146-010-9280-1
10.1007/s11146-008-9127-1
10.1111/j.1540-6229.2008.00209.x
10.1007/s11146-007-9103-1
10.1017/S0022109000002301
10.1016/j.jfineco.2005.05.004
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Snippet The article examines the interrelation of market and liquidation value of the appraisal subject. It was established that the approach of “break-even” sale of a...
The article examines the interrelation of market and liquidation value of the appraisal subject. It was established that the approach of 'break-even' sale of a...
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SubjectTerms Dependence
Discount rates
Education
Elasticity of demand
Hypotheses
income increase
investment volume
Liquidation
Market value
multiobjective optimisation
Price cuts
Property
Property values
rational investment
Real estate appraisal
set function
Studies
time of project realisation
Title DEFINITION OF LIQUIDATION PROPERTY VALUE
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