The Real Option Theory in Real Estate Investment Evaluation
Usually the NPV method is used to evaluate the income of the real estate investment and the land evaluation,in which the risk or income due to the uncertainties may be neglected.The option theory,as a decision method of financial investment,provides a new thought for the real investment evaluation just like the real estate projects.Real option is proposed to recognize and capture project values hidden in uncertainties so as to lower the risk and increase the income In this paper,the income and the land value were evaluated by the ROA in the real estate investment.
Option Real option Real estate evaluation
Gao hui Zhao Xiaolong Meng Jingting
Colledge of Business & Administration Zhejiang University of Technology College of Architecture & Engineering,Zhejiang University of Technology
国际会议
杭州
英文
408-411
2008-04-21（万方平台首次上网日期，不代表论文的发表时间）