Ermittlung des Beta-Faktors einer Immobilieninvestition
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Ermittlung des Beta-Faktors einer Immobilieninvestition

Ermittlung des Beta-Faktors einer Immobilieninvestition


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About the Book

Studienarbeit aus dem Jahr 2012 im Fachbereich BWL - Investition und Finanzierung, Note: 1,3, Universität Leipzig (Institut für Immobilienmanagement), Veranstaltung: Immobilieninvestition, Portfoliotheorie, CAPM, Sprache: Deutsch, Abstract: Die vorliegende Arbeit widmet sich der Betrachtung praxisbezogener Möglichkeiten zur Ermittlung des Beta-Faktors bei Immobilieninvestitionen gemäß dem Capital Asset Pricing Model (CAPM). Der Beta-Faktor drückt die Reaktion der Einzelanlage-Renditen auf Schwankungen des Marktes aus. Obwohl die Anwendung des Kapitalmarktmodells sowie der Beta-Faktoren zur Performancemessung von Immobilien-Direktanlagen - ganz im Gegensatz zu Immobilien-AGs und REITs - zunächst ungeeignet erscheinen, halten z.B. Pensionskassen und Immobilienfonds dennoch Immobilien innerhalb ihrer Multi-Asset-Portfolios. Folglich können Immobilienanlagen bei der Portfoliobewertung einerseits nicht ausgeschlossen und das CAPM im Immobilienbereich andererseits nicht gänzlich ignoriert werden. Im Vordergrund der Betrachtung stehen deshalb die praxistaugliche Ermittlung und Beschaffung modellgeforderter Inputdaten mit Immobilienbezug sowie damit einhergehende Probleme und mögliche Ersatzlösungen. Es werden Möglichkeiten zur Gewinnung von Beta-Faktoren vorgestellt und eine exemplarische CAPM-Anwendung auf Immobilien vorgenommen.
About the Author: Nina Donath wurde 1986 in Halle an der Saale geboren und studierte von 2007 bis 2014 Wirtschaftswissenschaften und Betriebswirtschaftslehre an der Universität Leipzig. Ihre Masterarbeit schrieb Sie bei Prof. Dr. Wolfgang Pelzl am Institut für Immobilienmanagement der Wirtschaftswissenschaftlichen Fakultät der Universität Leipzig im Jahr 2013.


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Product Details
  • ISBN-13: 9783656719694
  • Publisher: Grin Verlag Gmbh
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Sub Title: Praxisbezogene Möglichkeiten
  • Width: 148 mm
  • ISBN-10: 3656719691
  • Publisher Date: 15 Sep 2014
  • Height: 210 mm
  • No of Pages: 54
  • Spine Width: 3 mm
  • Weight: 132 gr


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Ermittlung des Beta-Faktors einer Immobilieninvestition
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Ermittlung des Beta-Faktors einer Immobilieninvestition
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