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Assessing Risk for International Real Estate Investments
4 references·6 citing·49 second hop
Assessing Risk for International Real Estate Investments (1996)Assessing Risk for International Real Est…Risk and return in real estate (1991)Risk and return in real estateEstimating Real Estate's Systematic Risk from Aggregate Level Appraisal‐Based Returns (1989)Estimating Real Estate's Syst…International Portfolio Diversification with Estimation Risk (1985)International Portfolio Diver…An equilibrium model of the international capital market (1974)An equilibrium model of the i…International Diversification Strategies for Direct Real Estate (2009)International Diversification…Global Financial Integration and Real Estate Security Returns (2008)Global Financial Integration …What Factors Determine International Real Estate Security Returns? (2004)What Factors Determine Intern…International Direct Real Estate Investment: A Review of the Literature (2003)International Direct Real Est…Random Walks and Market Efficiency: Evidence from International Real Estate Markets (2002)Random Walks and Market Effic…The Effect of International Real Estate Securities on Portfolio Diversification (1998)The Effect of International R…An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Real Estate Returns: A Comparison with Other Investments (1984)Empirical Tests of the Consumption‐Oriented CAPM (1989)Smoothing in Commercial Property Valuations: Evidence from Individual Appraisals (2001)Do Out‐of‐State Buyers Pay More for Real Estate? An Examination of Anchoring‐Induced Bias and Search Costs (2004)Illiquidity and Pricing Biases in the Real Estate Market (2007)Portfolio Selection: Efficient Diversification of Investments. (1962)International Diversification of Investment Portfolios (1970)On estimating the expected return on the market (1980)Portfolio Selection and Asset Pricing Models (2000)Stock return predictability and model uncertainty (2002)60 Years of portfolio optimization: Practical challenges and current trends (2013)SIMPLE CRITERIA FOR OPTIMAL PORTFOLIO SELECTION (1976)Commercial Real Estate Prices and Stock Market Returns: An International Analysis (1997)Do Real Estate Prices and Stock Prices Move Together? An International Analysis (1999)Modelling Foreign Real Estate Investment: The Spanish Case (2008)Artificial neural network in property valuation: application framework and research trend (2017)Behavioral Real Estate (2017)Why Not Diversify Internationally Rather Than Domestically? (1974)Another look at the role of the industrial structure of markets for international diversification strategies1We are especially grateful to Pat Casey and Virge Cavalli at Dow Jones for providing the Dow Jones World Stock Index data and for their assistance with numerous queries. We gratefully acknowledge the comments of Geert Bekaert, William Brigham, Shane Corwin, Steve Foerster, Jeff Harris, Steve Heston, Ajay Khorana, David Mayers, John Persons, René Stulz, and particularly, the referee (Geert Rouwenhorst) and editor (John Long). We also thank participants at the University of Alberta, University of Toronto and Ohio State University, the 1996 UBC Global Investment Conference (Whistler), 1996 International Finance Conference (Georgia Tech), 1996 Western Finance Association Conference, and 1996 Financial Management Association Conference for helpful suggestions. Karolyi thanks the Dice Center for Financial Economics and the Social Sciences and Humanities Research Council of Canada for financial support.1 (1998)The information content of discounts and premiums on closed-end fund shares (1978)Value indices of commercial real estate: A comparison of index construction methods (1994)Price Discovery in American and British Property Markets (1995)A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence (2008)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)A Note on Uncertainty and Indifference Curves (1969)Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Size, value, and momentum in international stock returns (2012)… and the Cross-Section of Expected Returns (2015)The Risk-Return Attributes of International Real Estate Equities (1991)Does International Diversification Work Better for Real Estate than for Stocks and Bonds? (1996)International Real Estate Securities: A Test of Capital Markets Integration (1999)Returns and Risk on Real Estate and Other Investments: More Evidence (2001)Do Asian real estate companies add value to investment portfolio? (2009)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Value versus Growth: The International Evidence (1998)How Do Institutional Factors Affect International Real Estate Returns? (2010)Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities (2015)Nonlinear contagion between stock and real estate markets: International evidence from a local Gaussian correlation approach (2020)The relationship between return and market value of common stocks (1981)Extrapolation Theory and the Pricing of REIT Stocks (2007)Firm value, growth, profitability and capital structure of listed real estate companies: an international perspective (2010)The Behavior of Stock-Market Prices (1965)Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY (1990)Efficiency in the Market for REITs: Further Evidence (2005)Modeling Long Memory in REITs (2008)Dynamic Interactions Between Private and Public Real Estate Markets: Some International Evidence (2010)
this work references cited by second hop

References

  • 1974An equilibrium model of the international capital market1,130 cited
  • 1985International Portfolio Diversification with Estimation Risk672 cited
  • 1991Risk and return in real estate292 cited
  • 1989Estimating Real Estate's Systematic Risk from Aggregate Level Appraisal‐Based Returns185 cited

Cited by

  • 2003International Direct Real Estate Investment: A Review of the Literature139 cited
  • 2004What Factors Determine International Real Estate Security Returns?85 cited
  • 2002Random Walks and Market Efficiency: Evidence from International Real Estate Markets76 cited
  • 1998The Effect of International Real Estate Securities on Portfolio Diversification67 cited
  • 2008Global Financial Integration and Real Estate Security Returns61 cited
  • 2009International Diversification Strategies for Direct Real Estate26 cited

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