關鍵字查詢 | 類別:期刊論文 | | 關鍵字:The Relationship between Oil Price Growth and REIT Returns

[第一頁][上頁]1[次頁][最末頁]目前在第 1 頁 / 共有 01 筆查詢結果
序號 學年期 教師動態
1 98/1 財金系 黃健銘 助理教授 期刊論文 發佈 The Relationship between Oil Price Growth and REIT Returns , [98-1] :The Relationship between Oil Price Growth and REIT Returns期刊論文The Relationship between Oil Price Growth and REIT ReturnsChang, T.H.; Huang, Chien-Ming; Lee, M.C.International Research Journal of Finance and Economics 33, p.120-133This investigation adopts the autoregressive conditional jump intensity model proposed by Chan and Maheu (2002) to capture the characteristics of the time-varying and jump phenomena, and investigates the influence of expected-and unexpected crude oil fluctuations on Real Estate Investment Trusts (REITs). Furthermore, this study re-examines the relationship between REIT returns and other markets as bond and stock market. The analytical results reveal that REIT returns rise in response to increase in expected oil price and provide a good partial hedge. However, it also implicates that REIT returns have a downside risk during the period of deflation. Additionally, stock market returns reflect relevant information about REITs or real estate, and REITs are negati
[第一頁][上頁]1[次頁][最末頁]目前在第 1 頁 / 共有 01 筆查詢結果