Deacle, Scott; Elyasiani, Elyas - In: Applied Financial Economics 24 (2014) 13, pp. 907-926
We investigate the association between real estate investment by US Bank Holding Companies (BHCs) and their return, risk and risk-adjusted returns. Three portfolios are formed of BHCs according to whether they do or do not invest in real estate, strictness of the regulation on real estate...