English  |  正體中文  |  简体中文  |  Items with full text/Total items : 51483/86598 (59%)
Visitors : 8245984      Online Users : 51
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/92688


    Title: REIT Market Efficiency Before and After Inclusion in the S&P 500
    Authors: Huang, Chien-ming;Su, Hsin-mei;Chiu, Chien-liang
    Contributors: 淡江大學國際企業學系
    Date: 2009-09
    Issue Date: 2013-10-22 10:21:52 (UTC+8)
    Abstract: Executive Summary. This paper examines whether the degree of market efficiency of real estate investment trusts (REITs) was influenced when a number of them were included in the S&P 500 index. The analysis is based on the traditional variance ratio test, the non-parametric-based variance ratio test, and the multiple variance ratio test. The results confirm that the REIT market is inefficient for the sample as a whole, but exhibits a significantly strong improvement after 2001. This indicates that the market efficiency of REITs is propelled by the equity market, and an important change in time in the REIT market is observed.
    Relation: Journal of Real Estate Portfolio Management 15(3), pp.239-250
    Appears in Collections:[國際企業學系暨研究所] 期刊論文

    Files in This Item:

    File Description SizeFormat
    3.pdf4969KbAdobe PDF209View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.


    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback