Real estate investment trusts (REITs) and property stocks comparative study of the performance - as an example to the Taiwan market
碩士 === 雲林科技大學 === 財務金融系碩士班 === 96 === This study examines the excess returns and market batas of construction-sector stocks and REITs in Taiwan stock market. The empirical results show that construction-sector sectors are more sensitive to overall stock markets movement them REITs. construction-sect...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2008
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| Online Access: | http://ndltd.ncl.edu.tw/handle/22732297829267188702 |
| Summary: | 碩士 === 雲林科技大學 === 財務金融系碩士班 === 96 === This study examines the excess returns and market batas of construction-sector stocks and REITs in Taiwan stock market.
The empirical results show that construction-sector sectors are more sensitive to overall stock markets movement them REITs. construction-sector stocks produce significant excess return, and REITs do not.
Their batas and excess returns do not change significants over bull and bear markets.
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