hig.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard-cite-them-right
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • sv-SE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • de-DE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Determinants of Cross-Sectional Variation in Discount Rates, Growth Rates, and Exit Cap Rates
University of Gävle, Department of Business Administration and Economics, Ämnesavdelningen för företagsekonomi.
2004 (English)In: Real estate economics (Print), ISSN 1080-8620, E-ISSN 1540-6229, Vol. 32, no 2, p. 217-237Article in journal (Refereed) Published
Abstract [en]

This study investigates the determinants of key input variables in valuers' discounted cash flow models used for estimating market values for offices. Data from 599 valuations in 2000 from Stockholm, Gothenburg and Malmo are used to explain variation in discount rates, expected growth rates in net operating income and exit cap rates. Our ability to explain the relatively wide variation in appraisal assumptions with plausible covariates generates confidence in the appraisal process. This has important implications because most value and returns indices of commercial real estate worldwide are appraisal based.

Place, publisher, year, edition, pages
2004. Vol. 32, no 2, p. 217-237
Identifiers
URN: urn:nbn:se:hig:diva-1271DOI: 10.1111/j.1080-8620.2004.00090.xISI: 000221701100003OAI: oai:DiVA.org:hig-1271DiVA, id: diva2:117933
Available from: 2008-08-27 Created: 2008-08-27 Last updated: 2018-03-13Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Authority records BETA

Söderberg, Bo

Search in DiVA

By author/editor
Söderberg, Bo
By organisation
Ämnesavdelningen för företagsekonomi
In the same journal
Real estate economics (Print)

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 30 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard-cite-them-right
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • sv-SE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • de-DE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf