| Title |
Verification of Market’s Efficiency and CAPM using Capitalization Rate at Commercial Real Estate Market in Seoul |
| Authors |
Park, Jongkwon ; Lee Jaesu ; Jun, Jaebum |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2017.18.1.090 |
| Keywords |
Commercial Real Estate Market ; Systematic Risk ; Capitalization Rate ; Capital Asset Pricing Model ; Office Building ; Retail Real Estate Market ; Seoul City |
| Abstract |
This paper is to understand the impact of systematic risk on capitalization rate at office building market and retail real estate market in Seoul and to see if CAPM (Capital Asset Pricing Model) is applicable. For this, this paper considers eight differen |