Hutchison, Norman E.; Adair, Alastair S.; Findlay, Nicky - In: Journal of Property Research 28 (2010) 2, pp. 167-188
Recent volatility in the commercial property markets has brought into sharp focus the importance of the cash flow security in property pricing. The explicit contribution of income risk factors, such as covenant strength, to the pricing model does not have a major coverage in the literature. This...