Liow, Kim Hiang; Yeo, Sherry - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-17
This paper examines short- and long-term behavior of the price-to net asset value ratio in six Asian public real estate markets. We find mean-reverting behavior of the ratio and spillover effects, where each of the examined public real estate markets correlates with other markets. Additionally,...
