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| dc.contributor.author | Hutson, Elaine | |
| dc.contributor.author | Stevenson, Simon | |
| dc.date.accessioned | 2010-05-18T16:16:20Z | |
| dc.date.available | 2010-05-18T16:16:20Z | |
| dc.date.copyright | 2008, American Real Estate Society | en |
| dc.date.issued | 2008 | |
| dc.identifier.citation | Journal of Real Estate Portfolio Management | en |
| dc.identifier.issn | 1083-5547 | |
| dc.identifier.uri | http://hdl.handle.net/10197/1991 | |
| dc.description.abstract | This study examines asymmetries in real estate investment trust (REIT) returns using a variety of metrics, and compares them to several stock indexes and the U.S. long-term government bond index. The findings reveal that skewness is inversely related to the index's relative performance; the equity indexes exhibit negative skewness during the boom period of the late 1990s and become positively skewed after the technology stock crash in 2000, while for the REIT index, superior post-crash performance is accompanied by increasingly negative skewness. The results with respect to individual REITs are in contrast to many previous studies in that in the majority of cases the individual REITs display the same sign of skewness as the index data. | en |
| dc.description.sponsorship | Not applicable | en |
| dc.format.extent | 4304 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | en |
| dc.publisher | American Real Estate Society | en |
| dc.subject.lcsh | Real estate investment trusts--Econometric models | en |
| dc.title | Asymmetry in REIT returns | en |
| dc.type | Journal Article | en |
| dc.internal.availability | Full text not available | en |
| dc.status | Peer reviewed | en |
| dc.identifier.volume | 14 | en |
| dc.identifier.issue | 2 | en |
| dc.identifier.startpage | 105 | en |
| dc.identifier.endpage | 123 | en |
| dc.neeo.contributor | Hutson|Elaine|aut|UCD0044 | en |
| dc.neeo.contributor | Stevenson|Simon|aut| | en |
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