Hammes, Klaus; Chen, Yinghong - Nationalekonomiska institutionen, Handelshögskolan - 2004
In this paper, we analyze the performance of the Swedish real estate sector by various profitability measures. We use an unbalanced panel of 781 non-listed companies from 1998 to 2000 with 3421 observations. There exists large regional and sectorial differences in performance but it is not due...