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Refining Economic Diversification Strategies for Real Estate Portfolios
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Refining Economic Diversification Strategies for Real Estate Portfolios (1993)Refining Economic Diversification Strateg…Refining the Analysis of Regional Diversification for Income-Producing Real Estate (1987)Refining the Analysis of Regi…Diversification Categories in Investment Real Estate (1986)Diversification Categories in…The Nine Nations of North America (1983)The Nine Nations of North Ame…Historic Returns and Institutional Real Estate Portfolios (1982)Historic Returns and Institut…A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…Asset Location, Timing Ability and the Cross‐Section of Commercial Real Estate Returns (2016)Asset Location, Timing Abilit…The EU REIT and the Internal Market for Real Estate (2008)The EU REIT and the Internal …The Relative Effect of Property Type and Country Factors in Reduction of Risk of Internationally Diversified Real Estate Portfolios (2006)The Relative Effect of Proper…Diversification by sector, region or function? A mean absolute deviation optimisation (1998)Diversification by sector, re…Real Estate Portfolio Diversification Using Economic Diversification (1992)Real Estate Portfolio Diversi…Real Estate Returns: A Comparison with Other Investments (1984)House Price Indexes: Issues and Results (1991)Real estate portfolio diversification by property type and region (1995)Diversification Issues in Real Estate Investment (1999)PORTFOLIO SELECTION* (1952)Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficient Diversification of Investments. (1962)Testing the statistical significance of sector and regional diversification (2005)A Review of Goal Programming for Portfolio Selection (2010)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The arbitrage theory of capital asset pricing (1976)Asset returns and inflation (1977)Estimating Real Estate's Systematic Risk from Aggregate Level Appraisal‐Based Returns (1989)International Evidence on Real Estate Securities as an Inflation Hedge (1997)Mutual Fund Performance (1966)An Empirical Evaluation of Alternative Portfolio-Selection Models (1967)Portfolio Theory and Capital Markets. (1972)Real Estate Returns and Inflation (1987)Risk, Return, and Equilibrium: Empirical Tests (1973)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)On Persistence in Mutual Fund Performance (1997)The Effect of Legal Environment and Regulatory Structure on Performance: Cross-Country Evidence from REITs (2020)Asset productivity, local information diffusion, and commercial real estate returns (2021)Rewarding a Long-Term Investment Strategy: REITs (2021)Liquidity Preference as Behavior Towards Risk (1958)The measurement of urban travel demand (1974)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate Governance and Equity Prices (2003)REITs and Correlations with Other Asset Classes: A European Perspective (2010)Why Real Estate? (2001)Analyzing Real Estate Portfolio Returns (2005)The Nine Nations of North America and the Value Basis of Geographic Segmentation (1986)Culture: a fourth dimension of group support systems (1994)Geography, Networks, and Knowledge Flow (2007)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Adjustment of Stock Prices to New Information (2003)
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References

  • 1963A Simplified Model for Portfolio Analysis2,740 cited
  • 1983The Nine Nations of North America414 cited
  • 1986Diversification Categories in Investment Real Estate266 cited
  • 1987Refining the Analysis of Regional Diversification for Income-Producing Real Estate155 cited
  • 1982Historic Returns and Institutional Real Estate Portfolios126 cited

Cited by

  • 1992Real Estate Portfolio Diversification Using Economic Diversification83 cited
  • 1998Diversification by sector, region or function? A mean absolute deviation optimisation57 cited
  • 2016Asset Location, Timing Ability and the Cross‐Section of Commercial Real Estate Returns40 cited
  • 2006The Relative Effect of Property Type and Country Factors in Reduction of Risk of Internationally Diversified Real Estate Portfolios34 cited
  • 2008The EU REIT and the Internal Market for Real Estate31 cited

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