Purpose – The purpose of this paper is to give an overview of a number of studies about owning vs leasing in the Swedish public sector and relate this to more general determinants of the choice between owning and leasing. Design/methodology/approach – The empirical results presented are...

The rapid globalization of the commercial real estate market opens up for new research question such as effects of specific local definitions of market rent and net operating income. An ongoing harmonization of definitions is driven by the need for return and risk measures for real estate that...

The finance paradigm dominates Real estate curricula throughout the world since the beginning of the 1980s. Initially cash flow and investment analysis paved the way for capital asset pricing theory and option models. Real Estate has to a great extent been influenced by corporate finance. An...

ERES:conference

The technical discussion about consistency and the meaning of different parameters in income-based methods for market valuations is basically the same as 30 ñ 40 years ago. At that time focus was on models named Ellwood and Inwood and different kind of residual models. Discounted cash flow...

The discussion about valuation accuracy and variations in valuation has been given new fuel when new worldwide accounting standards with a strong emphasis on market value are implemented. The most far- reaching suggestion is that changes over the year in market value should affect both the...

[abstract missing - contribution appeared in the programme]