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Paper eres2009_182:
The Boom and the Lean Times in Global REITs: The 2000-2008 Period

id eres2009_182
authors Parhizgari, Ali; Pavlova, I
year 2009
title The Boom and the Lean Times in Global REITs: The 2000-2008 Period
source 16th Annual European Real Estate Society Conference in Stockholm, Sweden
summary This paper investigates the surge and the eventual slowdown in global REITs in the 2000s. Further, it offers some investment strategies that this sector could offer to the investors. The paper contributes to the literature on the predictability of real estate securities returns over short to medium horizons. An evolutionary (genetic) algorithm is applied to optimize the investment strategies. Our findings suggest that momentum effects have been present during the 2000-2008 period. However, in contrast with prior studies, momentum portfolio returns are insignificant during the boom years, but are highly significant during the downturn periods.
series ERES:conference
email parhiz@fiu.edu
content file.ppt (995,840 bytes)
discussion No discussions. Post discussion ...
ratings
session Investment and Finance
last changed 2009/09/16 16:22
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