The application of automated valuation methodology (AVM) procedure to income approach normally deals with direct capitalization. This happens although the great diffusion of discounted cash flow (DCF) analysis. The main objectives of paper are twofold: first, we aim to propose an AVM procedure based on the relationship between the DCF inputs and outputs. Second, we seek to determine discount rate and local risk premium in the case of Bari commercial market The study also refines discussions on risk premium factor in the regressed DCF application. The study also and identifies the room for enhancing the suggested methodology. The solution proposed is the model A of Regressed DCF (d’Amato and Kauko 2012).
An Application of Regressed Discounted Cash Flow as an Automated Valuation Method: A Case in Bari / D'Amato, Maurizio; Yener, Coskun (STUDIES IN SYSTEMS, DECISION AND CONTROL). - In: Advances in Automated Valuation Modeling: AVM After the Non-Agency Mortgage Crisis / [a cura di] Maurizio d'Amato, Tom Kauko. - Cham, CH : Springer, 2017. - ISBN 978-3-319-49744-0. - pp. 345-359 [10.1007/978-3-319-49746-4_19]
An Application of Regressed Discounted Cash Flow as an Automated Valuation Method: A Case in Bari
D'AMATO, Maurizio;
2017-01-01
Abstract
The application of automated valuation methodology (AVM) procedure to income approach normally deals with direct capitalization. This happens although the great diffusion of discounted cash flow (DCF) analysis. The main objectives of paper are twofold: first, we aim to propose an AVM procedure based on the relationship between the DCF inputs and outputs. Second, we seek to determine discount rate and local risk premium in the case of Bari commercial market The study also refines discussions on risk premium factor in the regressed DCF application. The study also and identifies the room for enhancing the suggested methodology. The solution proposed is the model A of Regressed DCF (d’Amato and Kauko 2012).I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
