ERES:conference

Value at Risk is a convenient and popular risk measurement tool. It represents the maximum potential loss on a specific portfolio of financial assets given a specific time horizon and a confidence interval. Principally Value at Risk is used in finance for risk management, financial reporting and...

ERES:conference

Timberland is now regarded as a long-term investment with both institutional investors and absentee owners. This paper utilises the IPD Forestry index to examine the performance of UK timberland over the period of 1987-2006. Forestry land in both Australia and the US was found to provide...

[abstract missing - contribution appeared in the programme]

Risk diversification is important to all investors. However, commercial real estate investors in the UK tend to concentrate their holdings in relatively few properties; as a consequence they are vulnerable to significant risk of underperforming the overall market or a target rate of return....

Lack of land for a large project in Taiwan is not only a problem for housing but also for office and retailing development. In order to satisfy the requirements for eminent office spaces and high-end shops to be located in a prime location, developers often engage in the assembly of a number of...

Affordability of rural housing has been highlighted as a critical problem by commentators in the UK as part of a wider housing affordability problem which persists despite the recent house price adjustments. The price of rural housing has been implicated in the decline of rural communities as...

"This paper develops a behavioral model of the decision-choice of an elderly homeowner who owns her home free and clear in the starting period. The homeowner is faced with a choice among four scenarios: To maintain status quo by aging in place in a home that is owned free and clear, to sell the...

[abstract missing - contribution appeared in the programme]