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Mispricing Explanations of Closed-End Funds: A Survey Review
Koufadakis, Stylianos X. - In: SPOUDAI - Journal of Economics and Business 66 (2016) 1/2, pp. 108-135
The aim of this survey is to review the most prevailing developments regarding the existence of the closed-end funds' discounts and premiums and the factors which generate them. Despite the plethora of academic research conducted in order to reach a generally accepted explanation of the...
Persistent link: https://www.econbiz.de/10011725337
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Mispricing explanations of closed-end funds : a survey review
Koufadakis, Stylianos X. - In: Spoudai : journal of economics and business 66 (2016) 1/2, pp. 108-135
The aim of this survey is to review the most prevailing developments regarding the existence of the closed-end funds’ discounts and premiums and the factors which generate them. Despite the plethora of academic research conducted in order to reach a generally accepted explanation of the...
Persistent link: https://www.econbiz.de/10011494404
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Pension funds and drivers of heterogeneous investment strategies
Broeders, Dirk; Jansen, Kristy A. E. - 2021
Persistent link: https://www.econbiz.de/10012547778
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Cointegration of real estate stocks and REITs with common stocks, bonds and consumer price inflation: an international comparison
Westerheide, Peter - 2006
This paper analyses the performance of real estate securities and their relationship to other asset classes as well as to consumer price inflation in an international comparison over the period from 1990 to 2004. The analysis focuses on the long run relationships, applying three different...
Persistent link: https://www.econbiz.de/10010297828
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Unconventional monetary policy and risk-taking: Evidence from agency mortgage REITs
Frame, W. Scott; Steiner, Eva - 2018
investment trusts (REITs) - a set of institutions identified by the Financial Stability Oversight Council as posing systemic risk …. We document that Agency mortgage REITs: [i] equity prices reacted to QE announcements and in a manner consistent with …
Persistent link: https://www.econbiz.de/10012030274
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Do REITs outperform stocks and fixed-income assets? New evidence from mean-variance and stochastic dominance approaches
Chiang, Thomas C.; Lean, Hooi Hooi; Wong, Wing-keung - In: Journal of Risk and Financial Management 1 (2008) 1, pp. 1-40
This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …
Persistent link: https://www.econbiz.de/10011843211
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Diversification Power of Real Estate Market Securities: The Role of Financial Crisis and Dividend Policy
Ilbasmis, Metin; Gronwald, Marc; Zhao, Yuan - 2018
the dividend policy of REITs plays an important role on the dynamics of the correlation. Dividend payments by Turkish … REITs decrease their conditional correlation with the Turkish stock market while no such relationship is detected in the U ….S. We argue that both the relationship between dividend payments by REITs and REIT correlation with the stock index is …
Persistent link: https://www.econbiz.de/10011872072
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Optimal housing, consumption, and investment decisions over the life-cycle
Kraft, Holger; Munk, Claus - 2009
borrowing against future income. Our results suggest that markets for REITs or other financial contracts facilitating the …
Persistent link: https://www.econbiz.de/10010271458
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An investigation of the moderating effect of liquidity on the relationship between debt and financial performance of REITs in Malaysia: An optimal liquidity estimation
Soedarsono, Slamet; Tugiman, Hiro; Suhardi, Didik - In: Contemporary Economics 13 (2019) 3, pp. 225-238
Numerous studies on Real Estate Investment Trusts (REITs) have claimed that the high dividend payout requirement has … constrained the ability of REITs to use internal earnings and that they have to rely on debt financing to support their funding … requirements. However, there is also some empirical evidence showing that the use of debt by REITs has adverse effects on the …
Persistent link: https://www.econbiz.de/10014544644
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Essays on Real Estate Investment Trusts
Wang, Yunqing - 2007
investment trusts (REITs) and assesses the performance of real estate mutual funds (REMFs). We measure the asymmetric risk …. We do not find significant contemporary relationship between the asymmetric risk and returns of REITs. There are only a … small portion of REITs reacting to up and down market conditions differently. We find weak evidence that this asymmetric …
Persistent link: https://www.econbiz.de/10009451060