Real and Private-Value Assets
نویسندگان
چکیده
Abstract Real and private-value assets—defined here as the sum of real estate, infrastructure, collectibles, noncorporate business equity—compose an investment class worth estimated $84 trillion in U.S. alone. Furthermore, private values can affect pricing many other financial markets, such that for sustainable investments. This paper introduces research on assets be found this special issue. It also reviews recent advances highlights new directions a number topics space we believe to particularly important exciting.
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2021
ISSN: ['0893-9454', '1465-7368']
DOI: https://doi.org/10.1093/rfs/hhab035