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Smoothing Bias in In-House Appraisal-Based Returns of Open-End Real Estate Funds
16 references·1 citing·36 second hop
Smoothing Bias in In-House Appraisal-Based Returns of Open-End Real Estate Funds (1993)Smoothing Bias in In-House Appraisal-Base…Real Estate Portfolio Diversification Using Economic Diversification (1992)Real Estate Portfolio Diversi…Empirical Tests of a Principal-Agent Model of the Investor-Investment Advisor Relationship (1992)Empirical Tests of a Principa…The Impact of Inflation and Vacancy of Real Estate Returns (1991)The Impact of Inflation and V…Smoothing in appraisal-based returns (1991)Smoothing in appraisal-based …Risk and return in real estate (1991)Risk and return in real estatePrice formation and the appraisal function in real estate markets (1991)Price formation and the appra…A Different Look at Commercial Real Estate Returns (1990)A Different Look at Commercia…Inferring an Investment Return Series for Real Estate from Observations on Sales (1989)Inferring an Investment Retur…Estimating Real Estate's Systematic Risk from Aggregate Level Appraisal‐Based Returns (1989)Estimating Real Estate's Syst…Refining the Analysis of Regional Diversification for Income-Producing Real Estate (1987)Refining the Analysis of Regi…Real Estate Returns and Inflation (1987)Real Estate Returns and Infla…Diversification Categories in Investment Real Estate (1986)Diversification Categories in…Real Estate Returns: A Comparison with Other Investments (1984)Real Estate Returns: A Compar…Commercial Real Estate Returns (1984)Commercial Real Estate ReturnsTowards Indices of Real Estate Value and Return (1980)Towards Indices of Real Estat…Methodology in Social Research. (1969)Methodology in Social Researc…Real Estate Diversification Benefits (1997)Real Estate Diversification B…The Nine Nations of North America (1983)House Price Indexes: Issues and Results (1991)Real estate portfolio diversification by property type and region (1995)Diversification Issues in Real Estate Investment (1999)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Empirical Test of the Consumption-Oriented CAPM (1989)Risk and Return on Real Estate: Evidence from Equity REITs (1990)What Does the Stock Market Tell Us About Real Estate Returns? (1992)The Integration of Commercial Real Estate Markets and Stock Markets (1999)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)International Evidence on Real Estate Securities as an Inflation Hedge (1997)Estimating betas from nonsynchronous data (1977)Risk measurement when shares are subject to infrequent trading (1979)The effect of personal taxes and dividends on capital asset prices (1979)The Role of Real Estate in the Portfolio Allocation Process (1996)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)The information content of discounts and premiums on closed-end fund shares (1978)Further Evidence on the Integration of REIT, Bond, and Stock Returns (2000)An econometric model of serial correlation and illiquidity in hedge fund returns (2004)Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Estimating Market Values from Appraised Values without Assuming an Efficient Market (1993)The Statistical Properties of Hedge Fund Index Returns and Their Implications for Investors (2002)Information, trade and common knowledge (1982)Perfect Equilibrium in a Bargaining Model (1982)Value indices of commercial real estate: A comparison of index construction methods (1994)Price Discovery in American and British Property Markets (1995)Do Real Estate Prices and Stock Prices Move Together? An International Analysis (1999)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Causal Effect of Education on Earnings (1999)Measurement Error in Survey Data (2001)Advancing formative measurement models (2008)
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References

  • 1991Smoothing in appraisal-based returns425 cited
  • 1984Real Estate Returns: A Comparison with Other Investments335 cited
  • 1991Price formation and the appraisal function in real estate markets329 cited
  • 1991Risk and return in real estate292 cited
  • 1986Diversification Categories in Investment Real Estate266 cited
  • 1987Real Estate Returns and Inflation217 cited
  • 1969Methodology in Social Research.216 cited
  • 1989Estimating Real Estate's Systematic Risk from Aggregate Level Appraisal‐Based Returns185 cited
  • 1987Refining the Analysis of Regional Diversification for Income-Producing Real Estate155 cited
  • 1980Towards Indices of Real Estate Value and Return135 cited
  • 1992Empirical Tests of a Principal-Agent Model of the Investor-Investment Advisor Relationship127 cited
  • 1990A Different Look at Commercial Real Estate Returns110 cited
  • 1984Commercial Real Estate Returns107 cited
  • 1989Inferring an Investment Return Series for Real Estate from Observations on Sales101 cited
  • 1991The Impact of Inflation and Vacancy of Real Estate Returns96 cited
  • 1992

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Real Estate Portfolio Diversification Using Economic Diversification
83 cited

Cited by

  • 1997Real Estate Diversification Benefits18 cited