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The inflation-hedging properties of Turkish REITs
16 references·0 citing·44 second hop
The inflation-hedging properties of Turkish REITs (2008)The inflation-hedging properties of Turki…International Evidence on Real Estate Securities as an Inflation Hedge (1997)International Evidence on Rea…Real Estate Market Efficiency: Issues and Evidence (1995)Real Estate Market Efficiency…Risk and Return on Real Estate: Evidence from Equity REITs (1990)Risk and Return on Real Estat…The Inflation-Hedging Effectiveness of Real Estate (1989)The Inflation-Hedging Effecti…The Efficiency of the Market for Single-Family Homes (1988)The Efficiency of the Market …Owner-occupied homes, income-producing properties, and REITs as inflation hedges: Empirical findings (1988)Owner-occupied homes, income-…Real Estate Returns and Inflation (1987)Real Estate Returns and Infla…Asset Pricing and Expected Inflation (1986)Asset Pricing and Expected In…Real Estate Returns: A Comparison with Other Investments (1984)Real Estate Returns: A Compar…Real Estate Investment Funds: Performance and Portfolio Considerations (1984)Real Estate Investment Funds:…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…The Relation Between Stock Prices and Inflationary Expectations: The International Evidence (1983)The Relation Between Stock Pr…Stock Market Returns and Inflation: Evidence from Other Countries (1983)Stock Market Returns and Infl…Inflation, real returns and capital investment (1982)Inflation, real returns and c…Asset returns and inflation (1977)Asset returns and inflationINFLATION AND RATES OF RETURN ON COMMON STOCKS (1976)INFLATION AND RATES OF RETURN…Rational herding in financial economics (1996)Is There a Bubble in the Housing Market? (2003)Distance and Private Information in Lending (2010)Short- Term Interest Rates as Predictors of Inflation (2021)Time Series Analysis Forecasting and Control. (1971)Time Series Analysis: Forecasting and Control (1977)Stock prices, asset portfolios and macroeconomic variables in ten European countries (1989)Selecting macroeconomic variables as explanatory factors of emerging stock market returns (2001)Money Illusion and Housing Frenzies (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)Diversification Categories in Investment Real Estate (1986)Price formation and the appraisal function in real estate markets (1991)Time Series Analysis, Forecasting and Control. (1971)Stock Returns, Real Activity, Inflation, and Money (1981)The Effect of Interest Rate Changes on the Common Stock Returns of Financial Institutions (1984)Production-Based Asset Pricing and the Link Between Stock Returns and Economic Fluctuations (1991)A Cross-Sectional Test of an Investment-Based Asset Pricing Model (1996)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)Refining the Analysis of Regional Diversification for Income-Producing Real Estate (1987)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)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Forecasting stock market returns: The sum of the parts is more than the whole (2011)How Much Do Investors Care About Macroeconomic Risk? Evidence from Scheduled Economic Announcements (2013)Economic Forces and the Stock Market (1986)Performance measurement with the arbitrage pricing theory (1986)The predictability of returns on equity REITs and their co-movement with other assets (1992)The Integration of Commercial Real Estate Markets and Stock Markets (1999)Further Evidence on the Integration of REIT, Bond, and Stock Returns (2000)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Do Real Estate Prices and Stock Prices Move Together? An International Analysis (1999)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1977Asset returns and inflation2,701 cited
  • 1988The Efficiency of the Market for Single-Family Homes1,828 cited
  • 1976INFLATION AND RATES OF RETURN ON COMMON STOCKS567 cited
  • 1982Inflation, real returns and capital investment477 cited
  • 1983Stock Market Returns and Inflation: Evidence from Other Countries404 cited
  • 1990Risk and Return on Real Estate: Evidence from Equity REITs365 cited
  • 1984Real Estate Returns: A Comparison with Other Investments335 cited
  • 1984Real Estate Investment Funds: Performance and Portfolio Considerations224 cited
  • 1987Real Estate Returns and Inflation217 cited
  • 1983The Relation Between Stock Prices and Inflationary Expectations: The International Evidence207 cited
  • 1986Asset Pricing and Expected Inflation186 cited
  • 1997International Evidence on Real Estate Securities as an Inflation Hedge143 cited
  • 1995Real Estate Market Efficiency: Issues and Evidence132 cited
  • 1989The Inflation-Hedging Effectiveness of Real Estate130 cited

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1988
Owner-occupied homes, income-producing properties, and REITs as inflation hedges: Empirical findings
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