Please use this identifier to cite or link to this item:
|Title:||Value versus growth international real estate investment|
|Authors:||Addae-Dapaah, K. |
Kim Hin Ho, D.
Hiang Liow, K.
|Citation:||Addae-Dapaah, K., Webb, J.R., Kim Hin Ho, D., Hiang Liow, K. (2013). Value versus growth international real estate investment. Real Estate Economics 41 (1) : 65-101. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1540-6229.2012.00335.x|
|Abstract:||We use office and retail properties return data for the United States and some Asia Pacific cities to ascertain the relative performance of value and growth investment strategies. The results reveal that value portfolios outperform growth portfolios. Furthermore, while the results show that risk varies over time, time-varying risk analyses generally do not support the risk-based explanation for the value premium. Similarly, conditional market regressions do not explain the value premium anomaly as all the alphas are positive and significant. Moreover, the results imply that naïve extrapolation of past performance could be a credible explanation for the value premium. © 2012 American Real Estate and Urban Economics Association.|
|Source Title:||Real Estate Economics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Aug 10, 2018
WEB OF SCIENCETM
checked on Jul 9, 2018
checked on Jul 13, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.