期刊論文
| 學年 | 98 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2009-12-31 |
| 作品名稱 | REIT Market Efficiency Before and After Inclusion in the S&P 500 |
| 作品名稱（其他語言） | |
| 著者 | Huang, Chien-ming; Su, Hsin-mei; Chiu, Chien-liang |
| 單位 | 淡江大學國際企業學系 |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Journal of Real Estate Portfolio Management 15(3), p.239-250 |
| 摘要 | Executive Summary. This paper examines whether the degree of market efficiency of real estate investment trusts (REITs) was influenced when a number of them were included in the S&P 500 index. The analysis is based on the traditional variance ratio test, the non-parametric-based variance ratio test, and the multiple variance ratio test. The results confirm that the REIT market is inefficient for the sample as a whole, but exhibits a significantly strong improvement after 2001. This indicates that the market efficiency of REITs is propelled by the equity market, and an important change in time in the REIT market is observed. |
| 關鍵字 | |
| 語言 | en |
| ISSN | 1083-5547 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/92688 ) |