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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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