메뉴 건너뛰기




Volumn 10, Issue 2, 2004, Pages 97-112

REIT investments and hedging against inflation

Author keywords

[No Author keywords available]

Indexed keywords


EID: 3543008901     PISSN: 10835547     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (30)

References (48)
  • 1
    • 3542997239 scopus 로고    scopus 로고
    • Economic Activity, Inflation and Hedging: The Case of Gold and Silver Investments
    • Adrangi, B., A. Chatrath and K. Raffiee, Economic Activity, Inflation and Hedging: The Case of Gold and Silver Investments, Journal of Wealth Management, 2003, 6, 60-77.
    • (2003) Journal of Wealth Management , vol.6 , pp. 60-77
    • Adrangi, B.1    Chatrath, A.2    Raffiee, K.3
  • 2
    • 0004265261 scopus 로고
    • Third edition, New York, NY: John Wiley and Sons Inc
    • Barro, R. J., Macroeconomics, Third edition, New York, NY: John Wiley and Sons Inc, 1990.
    • (1990) Macroeconomics
    • Barro, R.J.1
  • 7
    • 0002621339 scopus 로고
    • Interest Rate Sensitivity of Real Estate Investment Trusts
    • Chen, K. and D. Tzang, Interest Rate Sensitivity of Real Estate Investment Trusts, Journal of Real Estate Research, 1988, 3, 13-22.
    • (1988) Journal of Real Estate Research , vol.3 , pp. 13-22
    • Chen, K.1    Tzang, D.2
  • 8
    • 85036258669 scopus 로고
    • Distribution of the Estimators for Autoregressive Time Series with a Unit Root
    • Dickey, D. A. and W. A. Fuller, Distribution of the Estimators for Autoregressive Time Series with a Unit Root, Journal of the American Statistical Association, 1979, 74, 427-31.
    • (1979) Journal of the American Statistical Association , vol.74 , pp. 427-431
    • Dickey, D.A.1    Fuller, W.A.2
  • 10
    • 0002528209 scopus 로고
    • The Behavior of Stock Market Prices
    • Fama, E. F., The Behavior of Stock Market Prices, Journal of Business, 1965, 38: 34-105.
    • (1965) Journal of Business , vol.38 , pp. 34-105
    • Fama, E.F.1
  • 12
    • 0000598359 scopus 로고
    • Inflation, Output and Money
    • Fama, E. F., Inflation, Output and Money, Journal of Business, 1982, 55, 201-31.
    • (1982) Journal of Business , vol.55 , pp. 201-231
    • Fama, E.F.1
  • 14
    • 0001492519 scopus 로고
    • Inflation and the Stock Market
    • Feldstein, M., Inflation and the Stock Market, American Economic Review, 1980, 70, 39-47.
    • (1980) American Economic Review , vol.70 , pp. 39-47
    • Feldstein, M.1
  • 16
    • 84944830931 scopus 로고
    • The Fiscal and Monetary Linkages Between Stock Returns and Inflation
    • Geske, R. and R. Roll, The Fiscal and Monetary Linkages Between Stock Returns and Inflation, Journal of Finance, 1983, 38, 49-65.
    • (1983) Journal of Finance , vol.38 , pp. 49-65
    • Geske, R.1    Roll, R.2
  • 19
    • 0004296209 scopus 로고
    • Second edition, New York, NY: Macmillan
    • Greene, W. H., Econometric Analysis, Second edition, New York, NY: Macmillan, 1993.
    • (1993) Econometric Analysis
    • Greene, W.H.1
  • 20
    • 84920650577 scopus 로고
    • Stock Market Returns and Inflation: Evidence from Other Countries
    • Gultekin, N. B., Stock Market Returns and Inflation: Evidence from Other Countries, Journal of Finance, 1983, 38:1, 49-65.
    • (1983) Journal of Finance , vol.3 , Issue.1 , pp. 49-65
    • Gultekin, N.B.1
  • 21
    • 0010948093 scopus 로고
    • Owner Occupied Homes, Income Producing Real Property, and REITs as Inflation Hedges
    • Gyourko, J. and P. Linneman, Owner Occupied Homes, Income Producing Real Property, and REITs as Inflation Hedges, Journal of Real Estate Finance and Economics, 1988, 1, 347-72.
    • (1988) Journal of Real Estate Finance and Economics , vol.1 , pp. 347-372
    • Gyourko, J.1    Linneman, P.2
  • 26
    • 84981579311 scopus 로고
    • Maximum Likelihood Estimation and Inference on Cointegration - With Application to Demand for Money
    • Johansen, S. and K. Juselius, Maximum Likelihood Estimation and Inference on Cointegration - With Application to Demand for Money, Oxford Bulletin of Economics and Statistics, 1990, 52, 169-210.
    • (1990) Oxford Bulletin of Economics and Statistics , vol.52 , pp. 169-210
    • Johansen, S.1    Juselius, K.2
  • 27
    • 0001715015 scopus 로고
    • Stock Returns and Inflation: The Role of the Monetary Sector
    • Kaul, G. Stock Returns and Inflation: The Role of the Monetary Sector, Journal of Financial Economics, 1987, 18:2, 253-76.
    • (1987) Journal of Financial Economics , vol.18 , Issue.2 , pp. 253-276
    • Kaul, G.1
  • 29
    • 0040824851 scopus 로고
    • REITs, Real Estate, and Inflation: Lessons from the Gold Market
    • Larson, A. B. and G. R. McQueen, REITs, Real Estate, and Inflation: Lessons from the Gold Market, Journal of Real Estate and Economics, 1995, 10, 285-97.
    • (1995) Journal of Real Estate and Economics , vol.10 , pp. 285-297
    • Larson, A.B.1    McQueen, G.R.2
  • 30
    • 0033196692 scopus 로고    scopus 로고
    • The Integration of Commercial Real Estate Markets and Stock Markets
    • Ling, D. C. and A. Naranjo, The Integration of Commercial Real Estate Markets and Stock Markets, Real Estate Economics, 1999, 27, 483-515.
    • (1999) Real Estate Economics , vol.27 , pp. 483-515
    • Ling, D.C.1    Naranjo, A.2
  • 31
    • 77953665644 scopus 로고
    • Inflation, and Security Returns
    • Lintner J., Inflation, and Security Returns, Journal of Finance, 1975, 30, 259-80.
    • (1975) Journal of Finance , vol.30 , pp. 259-280
    • Lintner, J.1
  • 32
    • 3543028978 scopus 로고    scopus 로고
    • The Relationship between REITs Returns and Inflation: A Vector Error Correction Approach
    • Lu, C. and R. W. So, The Relationship between REITs Returns and Inflation: A Vector Error Correction Approach, Review of Quantitative Finance and Accounting, 2001, 16, 103-15.
    • (2001) Review of Quantitative Finance and Accounting , vol.16 , pp. 103-115
    • Lu, C.1    So, R.W.2
  • 33
    • 0002378331 scopus 로고
    • Critical Values for Cointegration Tests
    • R. F. Engle and C. W. J. Granger, (Eds.) Oxford University Press
    • MacKinnon, J. G., Critical Values for Cointegration Tests, In R. F. Engle and C. W. J. Granger, (Eds.), Long Run Economic Relationships: Readings in Cointegration, Oxford University Press, 1990.
    • (1990) Long Run Economic Relationships: Readings in Cointegration
    • MacKinnon, J.G.1
  • 34
    • 0011372926 scopus 로고    scopus 로고
    • Is Commercial Real Estate an Inflation Hedge?
    • Miles, M. and J. Mahoney, Is Commercial Real Estate an Inflation Hedge?, Journal of Real Estate Finance, 1997, 13, 31-45.
    • (1997) Journal of Real Estate Finance , vol.13 , pp. 31-45
    • Miles, M.1    Mahoney, J.2
  • 36
    • 0042948250 scopus 로고
    • The Inflation-Hedging Characteristics of Equity REITs: An Empirical Study
    • Murphy, J. A. and R. T. Kleiman, The Inflation-Hedging Characteristics of Equity REITs: An Empirical Study, Quarterly Review of Economics and Business, 1989, 29, 95-101.
    • (1989) Quarterly Review of Economics and Business , vol.29 , pp. 95-101
    • Murphy, J.A.1    Kleiman, R.T.2
  • 37
    • 3543021880 scopus 로고    scopus 로고
    • NAREIT, Washington D.C.: National Association of Real Estate Investment Trusts
    • NAREIT, REIT Handbook, Washington D.C.: National Association of Real Estate Investment Trusts, 2000.
    • (2000) REIT Handbook
  • 38
    • 84944829972 scopus 로고
    • Inflation and Rates of Return on Common Stocks
    • Nelson, C. R., Inflation and Rates of Return on Common Stocks, Journal of Finance, 1976, 13, 478-83.
    • (1976) Journal of Finance , vol.13 , pp. 478-483
    • Nelson, C.R.1
  • 39
    • 0000706085 scopus 로고
    • A Simple Positive-Definite Heteroscedasticity and Autocorrelation Consistent Covariance Matrix
    • Newey, W. and K. West, A Simple Positive-Definite Heteroscedasticity and Autocorrelation Consistent Covariance Matrix, Econometrica, 1987, 55, 703-08.
    • (1987) Econometrica , vol.55 , pp. 703-708
    • Newey, W.1    West, K.2
  • 40
    • 0000631178 scopus 로고
    • A Note with Quintiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics
    • Osterwald-Lenum, M., A Note with Quintiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics, Oxford Bulletin of Economics and Statistics, 1992, 54, 461-71.
    • (1992) Oxford Bulletin of Economics and Statistics , vol.54 , pp. 461-471
    • Osterwald-Lenum, M.1
  • 42
    • 27644580196 scopus 로고
    • Trends and Random Walks in Macroeconomic Time Series: Further Evidence from a New Approach
    • Perron, P., Trends and Random Walks in Macroeconomic Time Series: Further Evidence from a New Approach, Journal of Economic Dynamics and Control, 1988, 12, 297-332.
    • (1988) Journal of Economic Dynamics and Control , vol.12 , pp. 297-332
    • Perron, P.1
  • 43
    • 77956888124 scopus 로고
    • Testing for a Unit Root in Time Series Regression
    • Phillips, P. C. and P. Perron, Testing for a Unit Root in Time Series Regression, Biometrika, 1990, 75, 335-46.
    • (1990) Biometrika , vol.75 , pp. 335-346
    • Phillips, P.C.1    Perron, P.2
  • 45
    • 84963275178 scopus 로고
    • Money and Stock Prices in the United States
    • Serletis, A., Money and Stock Prices in the United States, Applied Financial Economics, 1993, 3, 51-4.
    • (1993) Applied Financial Economics , vol.3 , pp. 51-54
    • Serletis, A.1
  • 46
    • 0000073928 scopus 로고
    • Money, Output, and Stock Prices in the UK: Evidence on Some (non) Relationships
    • Thornton, J., Money, Output, and Stock Prices in the UK: Evidence on Some (non) Relationships, Applied Financial Economics, 1993, 3, 335-38.
    • (1993) Applied Financial Economics , vol.3 , pp. 335-338
    • Thornton, J.1
  • 47
    • 58149373104 scopus 로고
    • Stock Returns, Inflationary Expectations and Real Activity
    • Wahlroos, B. and T. Berglund, Stock Returns, Inflationary Expectations and Real Activity, Journal of Banking and Finance, 1986, 10, 77-89.
    • (1986) Journal of Banking and Finance , vol.10 , pp. 77-89
    • Wahlroos, B.1    Berglund, T.2
  • 48


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.