Purpose – The purpose of this paper is to demonstrate how fixed‐share prices, as a structural flaw in private equity funds targeted to small‐unit investors, economically disadvantages those investors in favor of sponsors. Design/methodology/approach – The theoretical model incorporates...

Purpose – Quite a substantial number of academic papers have examined the performance of both direct and indirect real estate relative to other investment assets. While these studies are valuable in the field of real estate investment performance measurements, a gap still exist in the...

Purpose – This paper aims to review major changes on real estate markets in Europe and to analyse the impacts of such changes. Design/methodology/approach – The paper provides an overview of the various equity real estate investment vehicles available to investors, with particular focus on...

Purpose – The purpose of this paper is to investigate and compare the extreme behavior of securitized real estate and stock market returns as well as their value‐at‐risk (VaR) dynamics in international investing. Extreme value theory using the block maxima method is applied to ten...

Purpose – The purpose of this paper is to examine the role of Asian real estate companies with regard to their “value‐added” performance and portfolio diversification benefits in Asian mixed‐asset portfolios, as well as in international real estate securities portfolios over...

Purpose – The purpose of this paper is to examine weekly dynamic conditional correlations (DCC) and vector autoregressive (VAR)-based volatility spillover effects within the three Greater China (GC) public property markets, as well as across the GC property markets, three Asian emerging...