Developing the methodology for evaluating blocked securities

Subject. This article examines the expediency and possibilities of assessing the value of blocked shares of foreign issuers on the basis of the application of cost, income, comparative approaches and their inherent valuation methods for the purpose of further use, including the sale of assets by their owners on the organized over-the-counter market. Objectives. The article aims to substantiate the relevance of the application of the author-developed assessment methodology concerning blocked securities in the context of the demanded return of investment resources of Russian investors on the organized OTC market. Methods. For the study, I used the methods of systems and comparative analyses, as well as the comparative approach, paired sales method, and graphical method. Results. The article finds that the use of a comparative approach for a fair assessment of the value of blocked shares of foreign issuers, which includes an adjustment (discount) of the exchange quotation of the security and takes into account the circumstances of blocking in relation to the assets being valued, is possible only by the method of paired sales. Conclusions. The article concludes that the application of the author-developed methodology for evaluating blocked securities on the basis of the comparative approach and the paired sales method for involvement in economic turnover or transactions in the OTC market guarantees the most reliable results and seems to be the most relevant.