Commercial real estate prices and stock market returns: An international analysis

Financial Analysts Journal

Volumn 53, Issue 3, 1997, Pages 21-34

  Quan, Daniel C ^a   Titman, Sheridan ^a  

^a UNIVERSITY OF TEXAS AT AUSTIN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0038151983     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v53.n3.2082     Document Type: Article

References (13)

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3. Eichholtz, P. 1996. "Does International Diversification Work Better for Real Estate Than for Stocks and Bonds?" Financial Analysts Journal, vol. 52, no. 1 (January/February):56-62.
4. Fama, E., and K. French. 1988. "Permanent and Temporary Components of Stock Prices." Journal of Political Economy, vol. 96, no. 2 (April):246-73.
5. Geltner, D. 1993. "Estimating Market Values from Appraised Values without Assuming an Efficient Market," Journal of Real Estate Research, vol. 8, no. 3:325-45.
6. Goetzmann, W., and S. Wachter. 1995. "The Global Real Estate Crash: Evidence from an International Database." Working paper, Yale School of Management.
7. Hartzell, D. 1986. "Real Estate in the Portfolio." In The Institutional Investor: Focus on Investment Management, edited by F.J. Fabozzi. Cambridge, MA: Ballinger.
8. Ibbotson, R., and L. Siegel. 1984. "Real Estate Returns: A Comparison with Other Investments." AREUEA Journal, vol. 12, no. 3:219-41.
9. Lim, J., and G. Ong. 1992. "Real Estate in an Emerging Financial Market: The Singapore Experience." Paper presented at the 1992 AREUEA International Conference on Real Estate and Urban Economics, Redondo Beach, CA (October).
10. Quan, D., and J. Quigley. 1991. "Price Formation and the Appraisal Function in Real Estate Markets." Journal of Real Estate Finance and Economics, vol. 4, no. 2 (June):127-46.
11. Shiller, R. 1981. "Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?" American Economic Review, vol. 71, no. 3 (June):421-36.
12. Stone, D., and W. Ziemba. 1993. "Land and Stock Prices in Japan." Journal of Economic Perspectives, vol. 7, no. 3 (Summer):149-66.
13. Worzala, E., and K. Vandell. 1993. "International Direct Real Estate Investments as Alternative Portfolio Assets for Institutional Investors: An Evaluation." Paper presented at the 1993 AREUEA meetings, Anaheim, CA.