SAMPLE LONG – TERM MONETARY ASSET VALUATION MODEL

Orlin Iliev Kolev

Scientific paper ID 2390 : 2023/3

SAMPLE LONG – TERM MONETARY ASSET VALUATION MODEL

Orlin Iliev Kolev

When it is necessary to perform an analysis of the assets of an enterprise for a long period of time (for example, 20-25 years), a problem arises regarding their interpretation in terms of their real market value compared over time. This conditional difficulty arises from a number of factors that unmentionably arise in an economy during a considered extended period of time, such as inflation, denomination of the Bulgarian lev, sharp changes in exchange rates, currency board regime, etc. The main objective of this scientific report is to present an author`s model for the valuation of assets by means of a monetary measure over a long period of time and thus to make comparable the value of assets (respectively enterprises including in the field of transport) over the considered time lag. The development is based on the Bulgarian market and considers the specifics of this market, but it can be relatively easily applied in other countries, taking into account their micro and macro indicators and specifics. The methodology of the model is based on statistical data and information to make a comparative analysis and research and to derive a price as close as possible to the credible market price. For the implementation of the asset valuation model using a monetary meter, data from the real estate market in the city of Sofia, Republic of Bulgaria is considered and extracted over a long period of time. As a universal monetary measure it is adopted by the author to be approved by means of investment gold. In world practice, it is accepted that investment gold has proven itself and established itself as a form of universal measure for protection and preservation of the purchase value of the monetary resource in a long-term period of time. A variant of 25 years (from 1998 to 2023) was considered as a research period. Statistical information on the Bulgarian real estate market in the city of Sofia is used for the model. In conclusion, the results of the model are presented, as well as its advantages and disadvantages.

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инвестиционно злато универсален паричен измерител недвижими имоти дълъг период от времеinvestment gold universal money meter real estate long time periodOrlin Iliev Kolev

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