Browsing HiØ Brage by Subject "weighted average cost of capital (WACC)"
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Commercial Real Estate at the ZLB: Investment Demand and CAPM-WACC Invariance
(Journal article; Peer reviewed, 2018)This paper analyzes the implications of a low interest rate environment (the zero lower bound – ZLB) for the demand for commercial real estate. Investment demand is conventionally assessed by return and risk adjusted return, ...