https://scholars.lib.ntu.edu.tw/handle/123456789/425845
標題: | Real estate investment trusts | 作者: | Chen, Hsuan Chi KENG-YU HO CHIU-LING LU Wu, Cheng Huan |
公開日期: | 9-十一月-2005 | 卷: | 31 | 期: | SPEC. ISS. | 來源出版物: | Journal of Portfolio Management | 摘要: | Can investors improve their investment opportunity sets by adding a real estate investment trust (REIT) portfolio to benchmark portfolios sorted by firm size and book-to-market ratio? According to U.S. REIT performance data over 1980-2002, REITs after 1986 improve the meanvariance frontier set. Equity REITs appear to be non-redundant financial assets, which helps to enhance the completeness of the financial market. Mortgage REITs provide no diversification benefits in the sample period. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/425845 | ISSN: | 00954918 | DOI: | https://api.elsevier.com/content/abstract/scopus_id/27544506559 |
顯示於: | 國際企業學系 |
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