재건축아파트의 매도 시점에 관한 연구

• 영문명: A Study on Optimal Sales Time of Reconstruction Apartments: Real Options
• 발행기관: 한국부동산학회
• 저자명: 안영호(Ahn, Young Ho)
• 간행물 정보: 『부동산학보』不動産學報 第38輯, 267~281쪽, 전체 15쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2009.08.30

영문 초록

1. CONTENTS (1) RESEARCH OBJECTIVES This study was intended to restore the propriety and reliability of the sale price of rebuilding apartments housing by predicting its future value on the basis of the financial methodology with the Wiener process grafted, in order to improve the realistic problem that the sale price of rebuilding apartments housing is provided as the comparison method through the field-visit activity. (2) RESEARCH METHOD An attempt was made to calculate the long-term expected rate of return(μ) by the panel date analysis method. And to analysis the uncertainty of the future, volatility(σ) was calculated on the basis of the ARCH, GARCH model. (3) RESEARCH FINDINGS It is the core of this study to make an objective, quantitative analysis of the future value of the rebuilding apartments house based on the past sale price. 2. RESULTS What is important, 1) he model investigated in this study applies first to the rebuilding market of good liquidi쇼 2) it is possible to apply to the portfolio of the commercial real estate.

목차

Ⅰ. 서론

Ⅱ. 실물옵션의 의미

Ⅲ. 모형의 설정

Ⅳ. 실증분석

Ⅴ. 결론

<참고문헌>

키워드

wiener process real options panel date model volatility arch