Eres : Digital Library : Works

Paper eres2014_89:
The valuation of an airport: Is a cost basis appropriate?

id eres2014_89
authors Jones, Colin; Friedrich Gormans, Neil Dunse
year 2014
title The valuation of an airport: Is a cost basis appropriate?
source 21st Annual European Real Estate Society Conference in Bucharest, Romania
summary This paper will question whether traditional cost approaches apply to the valuation of an airport now that they are no longer public utilities but very much commercial enterprises. In doing so, the research explores the business model, the ownership and the importance of non-aviation business for an airport. It will examine the principles of company valuation and International Accounting Standards in determining an airport’s value and argue that an airport can be viewed as a specialist property company consisting of a series of separable components which can be valued using common property valuation methods based upon value rather than cost.
series ERES:conference
more &slot=2670
discussion No discussions. Post discussion ...
session Q : Real Estate Valuation
last changed 2014/10/21 21:51
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