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The Impact of Inflation and Vacancy of Real Estate Returns
8 references·8 citing·44 second hop
The Impact of Inflation and Vacancy of Real Estate Returns (1991)The Impact of Inflation and Vacancy of Re…Direct Measurement of Popular Price Expectations (2016)Direct Measurement of Popular…Are REITs inflation hedges? (1990)Are REITs inflation hedges?The Inflation-Hedging Effectiveness of Real Estate (1989)The Inflation-Hedging Effecti…Real Estate Returns and Inflation (1987)Real Estate Returns and Infla…Real Estate Investment Funds: Performance and Portfolio Considerations (1984)Real Estate Investment Funds:…The United States market wealth portfolio* (1979)The United States market weal…Asset returns and inflation (1977)Asset returns and inflationInflation Expectations (1975)Inflation ExpectationsThe inflation-hedging properties of Turkish REITs (2008)The inflation-hedging propert…Is There a Disposition Effect in Corporate Investment Decisions? Evidence from Real Estate Investment Trusts (2007)Is There a Disposition Effect…The Global Determinants of Direct Office Real Estate Returns (2003)The Global Determinants of Di…Real Estate Returns and Inflation: An Added Variable Approach (1998)Real Estate Returns and Infla…The Short-Term Inflation-Hedging Characteristics of U.K. Real Estate (1997)The Short-Term Inflation-Hedg…The inflation‐hedging characteristics of Australian commercial property: 1984‐1995 (1996)The inflation‐hedging charact…Real Estate Portfolio Diversification Using Economic Diversification (1992)Real Estate Portfolio Diversi…Integrating Research on Markets for Space and Capital† (1992)Integrating Research on Marke…Pooling Cross Section and Time Series Data in the Estimation of a Dynamic Model: The Demand for Natural Gas (1966)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Efficient estimation of models for dynamic panel data (1995)Rental index rate as an alternative to interest rate in Musharakah Mutanaqisah home financing (2016)The Nine Nations of North America (1983)Diversification Categories in Investment Real Estate (1986)Refining the Analysis of Regional Diversification for Income-Producing Real Estate (1987)Applying MPT to Institutional Real Estate Portfolios: The Good, the Bad and the Uncertain (1995)Why Real Estate? (2001)Analyzing Real Estate Portfolio Returns (2005)INFLATION AND RATES OF RETURN ON COMMON STOCKS (1976)Stock Returns, Real Activity, Inflation, and Money (1981)Statistical properties of returns: Financial assets versus commercial real estate (1994)The Asymmetric Wealth Effect in the US Housing and Stock Markets: Evidence from the Threshold Cointegration Model (2011)The Cross-Section of Expected Stock Returns (1992)Multifactor Explanations of Asset Pricing Anomalies (1996)The Relationship Between REITs Returns and Inflation: A Vector Error Correction Approach (2001)Investment returns under right- and left-wing governments in Australasia (2007)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Equilibrium in a Capital Asset Market (1966)The arbitrage theory of capital asset pricing (1976)Price formation and the appraisal function in real estate markets (1991)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)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)Expected stock returns and volatility (1987)Efficient Capital Markets: II (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)COMMON STOCKS AS A HEDGE AGAINST INFLATION (1976)Real Estate Returns and the Macroeconomy: Some Empirical Evidence from Real Estate Investment Trust Data, 1972-1991 (1994)Real Estate Cycles and Their Strategic Implications for Investors and Portfolio Managers in the Global Economy (1999)Short- Term Interest Rates as Predictors of Inflation (2021)PORTFOLIO SELECTION* (1952)Portfolio Selection: Efficient Diversification of Investments (1959)Capital Theory and Investment Behavior (1963)The Property Market and Urban Competitiveness: A Review (1999)Financial Cycles and Building Booms: A Supply Side Account (2000)The Fiscal and Monetary Linkage Between Stock Returns and Inflation (1983)Journal of monetary economics (1987)Real Estate Investment Trusts: A Review of the Financial Economics Literature (1995)The Effect of Interest-Rate Movements on Real Estate Investment Trusts (1995)Diversification Issues in Real Estate Investment (1999)ON TESTING FOR UNBIASEDNESS AND EFFICIENCY OF FORECASTS* (1990)Serial Correlation as a Convenient Simplification, not a Nuisance: A Comment on a Study of the Demand for Money by the Bank of England (2000)Expectations of Returns and Expected Returns (2014)
this work references cited by second hop

References

  • 1977Asset returns and inflation2,701 cited
  • 1975Inflation Expectations454 cited
  • 1984Real Estate Investment Funds: Performance and Portfolio Considerations224 cited
  • 1987Real Estate Returns and Inflation217 cited
  • 1989The Inflation-Hedging Effectiveness of Real Estate130 cited
  • 1990Are REITs inflation hedges?116 cited
  • 1979The United States market wealth portfolio*73 cited
  • 2016Direct Measurement of Popular Price Expectations63 cited

Cited by

  • 1998Real Estate Returns and Inflation: An Added Variable Approach83 cited
  • 1992Real Estate Portfolio Diversification Using Economic Diversification83 cited
  • 2003The Global Determinants of Direct Office Real Estate Returns82 cited
  • 1992Integrating Research on Markets for Space and Capital†75 cited
  • 1996The inflation‐hedging characteristics of Australian commercial property: 1984‐199569 cited
  • 1997The Short-Term Inflation-Hedging Characteristics of U.K. Real Estate67 cited
  • 2007Is There a Disposition Effect in Corporate Investment Decisions? Evidence from Real Estate Investment Trusts37 cited

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2008
The inflation-hedging properties of Turkish REITs
27 cited