English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 54451/89232 (61%)
造访人次 : 10569782      在线人数 : 24
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻


    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/92689


    题名: The Hybrid Characteristic of REIT Returns: Evidence from Japanese and U.S. Markets
    作者: Su, Hsin-Mei;Huang, Chien-Ming;Pai, Tung-Yueh
    贡献者: 淡江大學財務金融學系
    日期: 2010
    上传时间: 2013-10-22 10:23:16 (UTC+8)
    摘要: This study investigates whether the behavior of real estate investment trusts (REITs) is more like that of common stocks or bonds by inspecting the conditional variance of the stock market. The analysis indicates that the REITs returns in Japan and the United States exhibit the same hybrid form. This must depend on the state of the market risk as a result of dividing the stock market volatility into a low-level and a high-level regime. When the volatility of market returns lies in a low-level regime, the REIT returns tend toward traditional stock forms, but do not lie in a high-level regime. Our findings help to reconcile the controversy of previous studies with regard to the REITs characteristics. In addition, the interest rate sensitivity of REIT returns in the two countries is significantly different and can be attributed to the different expectations of market investors.
    關聯: Journal of Real Estate Literature 18(1), p.77-98
    显示于类别:[財務金融學系暨研究所] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    index.html0KbHTML51检视/开启
    The Hybrid Characteristic of REIT Returns Evidence from Japanese and U.S. Markets.pdf16745KbAdobe PDF0检视/开启

    在機構典藏中所有的数据项都受到原著作权保护.

    TAIR相关文章

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