Purpose – The purpose of this paper is to introduce a novel decision‐making approach to risks assessment in commercial real estate development against social, economic, environmental, and technological (SEET) criteria. It therefore aims to describe a multiple criteria decision‐making model...

Purpose – Given the mixed findings in the literature, this paper aims to re‐examine the relationship that the securitised property market has with both the fixed income and general stock markets in the UK and Australia from July 1998 to June 2006. Design/methodology/approach – The base...

Purpose – The relative benefit of sector and regional diversification is a topic of continuing interest to academics, however, the issue has not previously been investigated in Italy. Additionally, previous studies have used geographically defined regions, rather than economically functional...

Purpose – This paper aims to investigate the determinants affecting the choice of the capital structure of European property companies. Design/methodology/approach – The analysis considers the set of companies belonging to the EPRA/NAREIT Europe Index (both REITs and non‐REITs) and is...

Purpose – The aim of this paper is to investigate the risk‐return relationship of REITs listed on the Istanbul Stock Exchange (ISE) in order to assess the risk and to find some empirical results for investors within the framework of modern portfolio theory (MPT) using the standard version of...

Purpose – This paper aims to gain exposure to Australian real estate investment trusts (A‐REITs). Many institutional investors make use of securitised property funds as they employ experienced property professionals with specialist knowledge of underlying property fundamentals, direct...

Purpose – This paper seeks to research potential evidence of capital market irregularities by scrutinizing whether the IPO (Initial Public Offering) phenomenon can be found in Real Estate Investment Trusts (REITs). Design/methodology/approach – The study employs stock price data of 90 US...

Purpose – The purpose of this paper is to give an overview of business and marketing strategies pursued by responsible property developers, funds and investors in the USA and to draw conclusions for future activities in that sector from a transatlantic perspective. Design/methodology/approach...

Purpose – The Australian REIT (A‐REIT) market has undergone significant change over the past ten years with a shift from passive investment strategies to more active investment strategies in an attempt to deliver higher return performance. However, this has dramatically changed the risk...

Purpose – The purpose of this paper is to investigate the linkages among real estate investment trusts (REITs), the stock market, and real economic activity for the USA for the 1971‐2007 period. In view of the fact that when the economy performs well the equity and REIT markets also do well,...