Scholz, Alexander; Rochdi, Karim; Schaefers, Wolfgang - In: Journal of European Real Estate Research 8 (2015) 3, pp. 220-242
Purpose – The purpose of this paper in this context is to examine the impact of asset liquidity on real estate equity returns, after taking well-documented systematic risk factors into account. Due to their unique characteristics, real estate equities constitute an inherently low degree of...