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An Application of Regressed Discounted Cash Flow as an Automated Valuation Method: A Case in Bari

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Advances in Automated Valuation Modeling

Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 86))

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Abstract

The application of automated valuation methodology (AVM) procedure to income approach normally deals with direct capitalization. This happens although the great diffusion of discounted cash flow (DCF) analysis. The main objectives of paper are twofold: first, we aim to propose an AVM procedure based on the relationship between the DCF inputs and outputs. Second, we seek to determine discount rate and local risk premium in the case of Bari commercial market The study also refines discussions on risk premium factor in the regressed DCF application. The study also and identifies the room for enhancing the suggested methodology. The solution proposed is the model A of Regressed DCF (d’Amato and Kauko 2012).

The paper has been written in strict cooperation between the two authors. Therefore the credit of the article should be equally divided between them.

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Notes

  1. 1.

    The emission is available at the following internet address http://www.dt.mef.gov.it/export/sites/sitodt/modules/documenti_it/debito_pubblico/risultati_aste/risultati_aste_btp_10_anni/BTP_10_Anni_Risultati_Asta_del_28-31.08.2015.pdf last contact 11.09.2015.

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Authors and Affiliations

  1. Technical University Politecnico Di Bari, Bari, Italy

    Maurizio d’Amato

  2. Capital Markets Board of Turkey & Izmir University of Economics, İzmir, Turkey

    Yener Coskun

Authors
  1. Maurizio d’Amato
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  2. Yener Coskun
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Correspondence to Maurizio d’Amato .

Editor information

Editors and Affiliations

  1. Property Valuation & Investment DICATECh, Technical University Politecnico di Bari, Bari, Italy

    Maurizio d'Amato

  2. School of the Built Environment, Oxford Brookes University, Headington, Oxfordshire, United Kingdom

    Tom Kauko

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d’Amato, M., Coskun, Y. (2017). An Application of Regressed Discounted Cash Flow as an Automated Valuation Method: A Case in Bari. In: d'Amato, M., Kauko, T. (eds) Advances in Automated Valuation Modeling. Studies in Systems, Decision and Control, vol 86. Springer, Cham. https://doi.org/10.1007/978-3-319-49746-4_19

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  • DOI: https://doi.org/10.1007/978-3-319-49746-4_19

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-49744-0

  • Online ISBN: 978-3-319-49746-4

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