수익환원법에 적용되는 자본환원율 산정에 관한 연구

• 영문명: A Study on the Estimation of Capitalization Rate for Direct Capitalization Method
• 발행기관: 한국부동산학회
• 저자명: 이영호(Lee, Young Ho) 윤동건(Yoon, Dong Gun)
• 간행물 정보: 『부동산학보』不動産學報 第51輯, 171~185쪽, 전체 15쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2012.12.31

영문 초록

1. CONTENTS (1) RESEARCH OBJECTIVES This study aims at finding out hands-on methods of estimating cap rates through empirical analyses. Also this study aims at suggesting some alternatives in providing continuous cap rates to the appraisal business. (2) RESEARCH METHOD The cap rates is analyzed by empirical data on net operating income(NOI) and asset price of sample office buildings. (3) RESEARCH FINDINGS The result shows that cap rates of large buildings are higher than those of small buildings. In further analysis by type of operating methods of the rental deposit, the cap rates applying CD rates are lower than those applying deposit-rental conversion rates by from 0.5% to 1.2%. Also we make a suggestion on computing continuous cap rates. 2. RESULTS The demand of direct capitalization method is increasing according to the introduction of REITs, Indirect Investment Asset Management Business Act and Korean International Financial Reporting Standards. In further analysis by type of operating methods of the rental deposit, the cap rates applying CD rates are lower than those applying deposit-rental conversion rates by from 0.5% to 1.2%. Also we make a suggestion on computing continuous cap rates.

목차

ABSTRACT

Ⅰ. 서론

Ⅱ. 자본환원율에 관한 이론적 검토

Ⅲ. 자본환원율 산정사례 및 고려사항

Ⅳ. 오피스빌딩의 자본환원율 실증분석

Ⅴ. 지속적인 자본환원율 산정방안

Ⅵ. 결론

參考文獻

키워드

자본환원율 수익환원법 오피스빌딩 자산가치 감정평가 capitalization rate direct capitalization method office building asset price appraisal