TY  - UNPD
A1  - Maurer, Raimond
A1  - Sebastian, Steffen
T1  - Inflation risk analysis of European real estate securities
T2  - Universität Frankfurt am Main. Fachbereich Wirtschaftswissenschaften: [Working paper series / Finance and accounting] Working paper series, Finance & Accounting ; No. 51
N2  - 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.
T3  - Working paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting - 51 
KW  - Frankreich
KW  - Deutschland
KW  - Großbritannien
KW  - Schweiz
KW  - Pfandbrief
KW  - Immobilienfonds
KW  - Portfolio Selection
KW  - Portfoliomanagement
KW  - Rendite
KW  - Inflation
KW  - Risiko
KW  - Schätzung
KW  - Geschichte 1980-1998
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/55350
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-553501
UR  - https://www.econbiz.de/archiv/f/uf/finanzierung/european_real_estate_securities.pdf
EP  - 31
PB  - Johann Wolfgang Goethe-Universität, Fachbereich Wirtschaftswissenschaften
CY  - Frankfurt am Main
ER  -