The Q Theory of Investment, the Capital Asset Pricing Model and Real Estate Valuation: A Synthesis

John McDonald

Journal of Real Estate Literature, 2005, vol. 13, issue 3, 269-286

Abstract: This paper combines Tobin's Q theory of real investment with the capital asset pricing model to produce a new and relatively simple procedure for the valuation of real estate assets using the income approach. Applications of the method are provided.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rjelxx:v:13:y:2005:i:3:p:269-286

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DOI: 10.1080/10835547.2005.12090162

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