Title

A comparison of the association between corporate social responsibility and executive compensation: United States versus Canada

Document Type

Book Chapter

Publication Date

2010

Department

Accounting and Finance

Abstract

With today's technology, real estate professionals can easily use Monte Carlo simulation as a tool to quantify the inherent uncertainties surrounding many of the estimates used to model long-term real estate investment decisions. How current software can formally model and analyze many of the risks involved with long-term investment decisions is demonstrated step-by-step. Three discounted cash flow models are developed to value the future cash flows associated with income-producing property: a deterministic model, sensitivity analysis and a probabilistic model. The success of any decision model depends on the reliability of the underlying inputs.