The Performance of Shariah Real Estate Investment Trust and Conventional Real Estate Investment Trust in Malaysia

Volatility clustering, leverage, size, or contagion effects: The fluctuations of Asian real estate investment trust returns

This paper analyzes the volatile behavior of index returns in the following Asian real estate investment trust (REIT) markets: South Korea, Singapore, Japan, Taiwan, Hong Kong, Malaysia and Thailand. It also analyzes the conditional volatilities of REIT returns and determines whether any volatility clustering, size, liquidity, or contagion effects exist in their fluctuations. The results indica...

Do Real Estate Shocks Affect Corporate Investment?

Real Estate Risk, Corporate Investment and Financing Choice

This paper examines how asset risk impacts corporate investment and financing decisions. We derive a general model that incorporates risk, adjustment cost, and depreciation features of assets-in-place into investment decisions. The model suggests that the risk and adjustment cost of assets-in-place reduce both corporate investment and financing. We empirically test the model in a panel of US fi...

Integration And Segmentation In European Investment Services Markets: Assessing The Implications For International Real Estate Investment

Real Estate Investment in Taiwan - an Examination of the Recent Opening of Real Estate Markets to Foreign Entities

In hope to revitalize the slumping real estate markets and sluggish economy, the government of Taiwan, Republic of China, has recently opened up direct real estate investment opportunities to foreign entities. In conjunction with the joining of WTO, Taiwan hopes that foreign funds and maybe even investment from Mainland China will infuse capital and uplift the markets. Nevertheless, the potenti...