Corporate real estate and stock market performance

Journal of Real Estate Finance and Economics

Volumn 29, Issue 1, 2004, Pages 119-140

  Liow, Kim Hiang ^a  

^a NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

Author keywords

Business returns; Composite returns; Corporate real estate; Singapore; Stock market performance

Indexed keywords

EID: 4043144168     PISSN: 08955638     EISSN: None     Source Type: Journal    
DOI: 10.1023/B:REAL.0000027204.13892.53     Document Type: Article

References (25)

1. Brueggman, W. B., J. D. Fisher, and D. M. Porter. (1990). "Rethinking Corporate Real Estate," Journal of Applied Corporate Finance 3(1), 39-50.
2. Debenham Tewson, and Chinnocks. (1992). "The Role of Property - Managing Cost and Releasing Value," Research Report.
3. Cheong, K., and S. K. Kim. (1997). "Corporate Real Estate Holdings and the Value of Firm Korea," Journal of Real Estate Research 13(3), 273-295.
4. Farragher, E. J. (1984). "Corporate Real Estate Asset Decision-Making," Real Estate Review 13-17.
5. Firstenburg, P. M., S. A. Ross, and R. Z. Zisler. (1988). "Real Estate: The Whole Story," Journal of Portfolio Management 14(3), 22-34.
6. Glascock, L., R. So, and C. Lu. (2002). "Excess Return and Risk Characteristics of Asian Exchange-Listed Real Estate," Paper presented at the Joint International Conference organized by the Asian Real Estate Society (AsRES) and the American Real Estate and Urban Economics Association (AREUEA) in Seoul, July 2002.
7. Harvey, A. (1989). Forecasting, Structural Time Series Model and the Kaiman Filter. Cambridge: Cambridge University Press.
8. Johnson, L., and T. Keasler. (1993). "An Industry Profile of Corporate Real Estate," Journal of Real Estate Research 8(4), 455-473.
9. Laposa, S., and M. Charlton. (2001). "European versus U.S. Corporations: A Comparison of Property Holdings," Journal of Corporate Real Estate 4(1), 34-41.
10. Lim, C. L., A. Adair, and S. McGreal. (2002). "Capital Flows into the Singapore Real Estate Market: An Analysis of the Land Sales Program," Journal of Real Estate Literature 10(2), 265-277.
11. Liow, K. H. (1995). "Property in Corporate Financial Statements: The U.K. Evidence," Journal of Property Research 12(1), 13-28.
12. Liow, K. H. (1999). "Corporate Investment and Ownership in Real Estate in Singapore: Some Empirical Evidence," Journal of Corporate Real Estate 1(4), 329-342.
13. Liow, K. H. (2001a). "Real Estate and Corporate Valuation: An Asset Pricing Perspective," Managerial and Decision Economics 22, 355-368.
14. Liow, K. H. (2001b). "Corporate Real Estate in the Singapore Stock Market", Pacific Rim Property Research Journal 7(4), 271-284.
15. Lizieri, C., and S. Satchell (1997). "Interactions Between Property and Equity Markets: An Investigation of Linkages in the United Kingdom 1972-1992," Journal of Real Estate Finance and Economics 15(1), 11-26.
16. Machlica, D., and N.-B. Borunch. (1989). "Managing Corporate Assets from a Long Term Perspective," Commercial Investment Real Estate Journal 44-46.
17. Matysiak, G. A., and G. R. Brown. (1997). "A Time-Varying Analysis of Abnormal Performance of U.K. Property Companies," Applied Financial Economics 7, 367-377.
18. Miles, M., J. Pringles, and B. Webb. (1989). "Modeling Corporate Real Estate Decision," Journal of Real Estate Research 4(3), 47-66.
19. Nourse, H. (1994). "Measuring Business Real Property Performance," Journal of Real Estate Research 9(3), 431-451.
20. Rodriguez, M., and C. F. Simians. (1996). "Managing Corporate Real Estate: Evidence from the Capital Markets," Journal of Real Estate Literature 13-33.
21. Rudolph, P. M. (1979). "Some Industry Effects on the Balance Sheet Structure of Manufacturers: 1964-1974," Journal of Economics and Business 31(2), 138-144.
22. Scarrett, D. (1991). Property Valuations: The Five Methods. London: E & FN Spon.
23. Seiler, M., A. Chatrath, and J. Webb. (2001), "Real Asset Ownership and the Risk and Return to Stockholders," Journal of Real Estate Research 22(1/2), 199-212.
24. Veale, P. (1989). "Managing Corporate Real Estate Assets: Current Executive Attitudes and Prospects for Emergent Management Discipline," Journal of Real Estate Research 4(3), 1-22.
25. Zeckhauser, S., and R. Silverman. (1983). "Rediscover Your Company's Real Estate," Harvard Business Review January/February, 111-117.