Essays about: "Real Estate Investment"

Showing result 1 - 5 of 112 essays containing the words Real Estate Investment.

  1. 1. IPO Underpricing and Real Estate Investment Trusts: Evidence from Japan

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi; Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Johan Pettersson; Daniel Hagn; [2019]
    Keywords : Real Estate Investment Trusts; Initial Public Offerings; Underpricing; Asymmetric Information;

    Abstract : This study investigates the pricing of 75 initial public offerings (IPOs) of Japanese real estate investment trusts (J-REITs) during the period 2001-2018. We find that the issues are systematically underpriced with significantly positive initial-day returns. READ MORE

  2. 2. Diversifying the Swedish Market Portfolio

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Elias Johansson; Karin Olofsson; [2019]
    Keywords : CAPM; Market Portfolio; Cost of Equity; Risk; Swedish Financial Market; Business and Economics;

    Abstract : According to the Capital Asset Pricing Model (CAPM), the cost of equity estimates are a function of the systematic risk relative to the market portfolio. The market portfolio is a non-observable portfolio containing all investible assets in the world. CAPM is a well-established model in practice. READ MORE

  3. 3. Constructing the future of Cambodia: A Study on the Impact of Chinese Foreign Direct Investment (FDI) in the Construction Sector in Phnom Penh

    University essay from Lunds universitet/LUMID International Master programme in applied International Development and Management; Lunds universitet/Institutionen för kulturgeografi och ekonomisk geografi

    Author : Kulkaew Kowattanawaranon; [2019]
    Keywords : China; Cambodia; FDI; labor; construction sector; workforce; Social Sciences;

    Abstract : This qualitative research aims to address the impacts of China’s Foreign Direct Investment (FDI) on Cambodian labor in the construction sector by choosing the Diamond Island, a hub of China’s real-estate investment in Phnom Penh, as a case study. Based on the interviews with 35 Cambodian construction workers and nine key informants from the government, private sector, international organizations, international non-governmental organization, and research institute, the study assesses both positive and negative impacts from Chinese FDI. READ MORE

  4. 4. Exploring the Prerequisites to Increase Real Estate Market Transparency in Sweden

    University essay from KTH/Fastigheter och byggande; KTH/Fastigheter och byggande

    Author : Emil Danmo; Fredrik Kihlström; [2019]
    Keywords : GRETI; Real Estate Market Transparency; Sweden; Data Platforms; Market Efficiency; International Real Estate Markets; Real Estate Investments; Real Estate Performance Measurement; GRETI; fastighetsmarknadstransparens; dataplattformar; marknadseffektivitet; internationella fastighetsmarknader; fastighetsinvesteringar; fastighetsavkastningsmätning;

    Abstract : In the 2018 edition of the JLL Global Real Estate Transparency Index (GRETI), Sweden was ranked the 10th most transparent real estate market in the world, categorized as ‘Highly Transparent’. For the most part, Sweden has held a similar position since the measurements started in 1999. READ MORE

  5. 5. Explaining the NAV Discount in REIT pricing - Evidence from the U.S.

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jerry Aaltonen; Bowen Li; [2019]
    Keywords : REITs; Dynamic relationship; NAV discount; Closed-end fund puzzle; United States;

    Abstract : This paper investigates the relationship between stock price and net asset value (NAV) for 71 real estate investment trusts (REITs) in the U.S. between Q1/1998 and Q4/2018. More specifically, by testing for cointegration, we look for evidence of a long-term equilibrium between stock price and NAV. READ MORE