Inflation risk analysis of European real estate securities
- Real estate is an important asset, but as a direct investment subject to several difficulties. Shares of public open end funds or of real estate stock corporations represent a possible way for an investor to avoid these problems. The focus of this paper is the analysis of inflation risk of European real estate securities. An overview of the institutional frameworks regarding these companies is given. The returns of real estate securities in France, Germany, Switzerland and the United Kingdom are examined for the period 1980:1-1998:12. Besides the classical Fama/Schwert-approach, shortfall risk measurements have been used. In this context, transaction costs in particular have been taken into account.
| Author: | Raimond MaurerORCiDGND, Steffen Sebastian |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-553501 |
| URL: | https://www.econbiz.de/archiv/f/uf/finanzierung/european_real_estate_securities.pdf |
| Parent Title (German): | Universität Frankfurt am Main. Fachbereich Wirtschaftswissenschaften: [Working paper series / Finance and accounting] Working paper series, Finance & Accounting ; No. 51 |
| Series (Serial Number): | Working paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting (51) |
| Publisher: | Johann Wolfgang Goethe-Universität, Fachbereich Wirtschaftswissenschaften |
| Place of publication: | Frankfurt am Main |
| Document Type: | Working Paper |
| Language: | English |
| Date of Publication (online): | 2022/05/02 |
| Year of first Publication: | 2000 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2022/05/02 |
| GND Keyword: | Frankreich; Deutschland; Großbritannien; Schweiz; Pfandbrief; Immobilienfonds; Portfolio Selection; Portfoliomanagement; Rendite; Inflation; Risiko; Schätzung; Geschichte 1980-1998 |
| Page Number: | 38 |
| Last Page: | 31 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
