The Changing Benefit of REITs to the Mixed-Asset Portfolio

Author(s):

Stephen Lee

A number of studies have examined the allocation of public real estate securities (REITs) in the mixed-asset portfolio. Yet no study has explicitly examined what are the benefits REITs offer to the traditional capital market only mixed-asset portfolio, i.e. whether REITs are a return enhancer, diversifier, or both?

Updated: 11/12/2014
Comments: 18
Views: 5,329

Private real estate: risk diversifier, return enhancer or both?

Author(s):

Stephen Lee

A number of studies in the US have examined the optimum allocation of real estate in the mixed-asset portfolio and find that a large allocation to real estate can be justified.

Updated: 12/12/2014
Comments: 11
Views: 4,933

An economic geography of real estate investment in England and Wales

Author(s):

Stephen Lee

 et al.

There has been something of a debate about the thinking that prescribes the decisions to develop or invest in real estate in particular locations in the UK, and how this has continued to dictate the location of such investment.

Updated: 27/11/2014
Comments: 29
Views: 4,531

Key themes, conclusions and the future for the changing face of women managers in Asia

Our earlier pieces in this series women managers comprised a tour across Asia generally and the major specific cases of nine economies - China, Hong Kong, Japan., Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam - which were published in The Changing Face of Women Managers in Asia by Rowley and Yukongdi (2009). Here we complete our journey with some key themes, findings and conclusions and look to the future for women in management in Asia.

Updated: 22/09/2011
Comments:
Views: 4,099

Timing in business model and product market strategy tradeoffs: performance implications

I examine the contingent effects of business model design and product market strategy in Technology-Based Firms and their dual antithetical performance implications.

Updated: 22/09/2011
Comments:
Views: 4,894

Hybrid organizational mechanisms in internally and externally organized R&D teams

The paper compares and contrasts firms organizing R&D teams internally with those organizing R&D externally as they undertake new product innovation in fast moving technological contexts.

Updated: 22/09/2011
Comments:
Views: 4,868

Modelling stochastic mortality for dependent lives

Author(s):

Jaap Spreeuw

 et al.

This paper is a first attempt to model the mortality risk of couples of individuals, according to the stochastic intensity approach.

Updated: 22/09/2011
Comments:
Views: 3,715

Micro versus macro cointegration in heterogeneous panels

Author(s):

Lorenzo Trapani

 et al.
Topic:
Finance
Industry:
Banking

We consider the issue of cross-sectional aggregation in nonstationary and hetero- geneous panels where each unit cointegrates.

Updated: 24/10/2011
Comments:
Views: 3,187

Inferential theory for heterogeneity in large non-stationary panels

Author(s):

Lorenzo Trapani

Topic:
Finance
Industry:
Banking

This paper provides an estimation and testing framework to assess the presence and extent of slope heterogeneity when the units are a mixture of spurious and/or cointegrating regressions.

Updated: 24/10/2011
Comments:
Views: 3,754