Eres : Digital Library : Works

Paper eres2012_155:
Do European real estate stocks hedge inflation? Evidence from developed and emerging markets

id eres2012_155
authors Chyi Lin Lee and Ming-Long Lee
year 2012
title Do European real estate stocks hedge inflation? Evidence from developed and emerging markets
source 19th Annual European Real Estate Society Conference in Edinburgh, Scotland
summary This study examines the inflation hedging properties of real estate stocks in developed and emerging European markets over 1990 to 2011. A dynamics ordinary least squares (DOLS) regression is employed to study the long-run inflation properties of European real estate stocks. The preliminary results show that developed real estate stocks provide a positive inflation hedge against expected inflation over the long run, while no similar evidence is found in the emerging markets. The finding suggests that the inflation-hedging properties of real estate stocks are related to institutional involvement in the real estate stock markets. The finding could have profound implications to institutional investors.
series ERES:conference
type normal paper
email chyilin.lee@uws.edu.au
discussion No discussions. Post discussion ...
ratings
session Parallel Session D2
last changed 2014/10/21 21:51
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