Równowaga według modelu wyceny aktywów kapitałowych a rynek nieruchomości

• Authors: Załęczna, Magdalena , Wolski, Rafał

Title variants

PL

CAPM Relationship Between Return and Risk and the Real Estate Market

Abstracts

EN

The Capital Asset Pricing Model is a way of looking at the relationship between return and risk in a portfolio context. It considers the trade-off between return and risk to establish if an asset is correctly priced. In literature there is critics of using CAPM to analyse investment on the real estate market but it should be underlined that in changing economy and developing of public real estate markets CAPM is more acceptable in real estate investment's context. The authors analyse the results of investment in development companies in Poland. The thesis about overpricing them is not confirmed and they can be a benefiting part of investment portfolio.

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2009
• Volume: 226

Dates

published

2009

Contributors

author

Załęczna, Magdalena

author

Wolski, Rafał

other

Uniwersytet Łódzki

Identifiers

URI

http://hdl.handle.net/11089/7772