Kanaryan, Nigokhos Krikorov; Chuknyisky, Peter; … - In: Journal of Property Investment & Finance 33 (2015) 6, pp. 517-529
Purpose – The International Valuations Standards Committee adopts the Capital Asset Pricing Model as a method for estimation of the cost of equity. It has several drawbacks and appraisers in emerging markets need more useful model for cost of equity estimation. The paper aims to discuss these...