Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
The applicability of formula Gordon in the face of financial crisis
Available online: 23 December 2009 Subject Heading: ASSESSMENT OF BUSINESS JEL Classification:
Discusses the applicability of the classic edge conditions as fundamental for recurrent formula Gordon equation for the rate of capitalization in the method of direct capitalization arrived financial crisis, when sufficient long-term decline is expected to basic indexes. The discount rate and the rate of change in net operating income (CHOD) are negative, which corresponds to the value of the real estate market. It would seem that negative rate and discount rates for final formula Gordon capitalization rate is not applicable, but it is not. Shows that under certain conditions obtained thus margin of find betting capitalization is positive and has economic sense. Keywords: assessment, real estate, market, cost, the income approach, the method of direct capitalization, discount rate, net operating revenue |
ISSN 2311-8768 (Online)
|
|