Eres : Digital Library : Works

Paper eres2016_74:
A Stochastic Frontier Analysis of Real Estate Portfolio Diversification

id eres2016_74
authors Ravishanka, Geetha; Vitor Leone
year 2016
title A Stochastic Frontier Analysis of Real Estate Portfolio Diversification
source 23rd Annual European Real Estate Society Conference in Regensburg, Germany
summary This paper departs from the traditional optimisation methods used to evaluate portfolio performance. Rather, the Stochastic Frontier Analysis approach is used to econometrically determine the benchmark real estate portfolio frontier and subsequently assess the gains from diversifying real estate portfolios along regional dimensions in the UK. Portfolio specific inefficiency measures are obtained which indicate not only if a portfolio is efficiently diversified and therefore places on the benchmark frontier and if not, the degree to which performance can be improved is quantified.
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Real Estate Investment
last changed 2017/11/18 16:16
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