Matches in SemOpenAlex for { <https://semopenalex.org/work/W3044809917> ?p ?o ?g. }
- W3044809917 endingPage "436" @default.
- W3044809917 startingPage "414" @default.
- W3044809917 abstract "This research examined whether the beta anomaly exists in the REIT market. By analysing a low-minus-high beta strategy and a betting-against-beta strategy in the REIT market, we find that high-beta REITs earn significantly lower risk-adjusted returns than low-beta REITs. This beta anomaly is only significant in the New REIT Era after 1993. The negative relationship between beta and REIT stock return does not disappear after taking into account some firm characteristics, suggesting that the beta anomaly in the REIT market is not driven by beta’s correlation with profitability, asset growth, lottery-like return or the skewness of stock returns. We find that institutional investors, whose portfolios increasingly contain a significant proportion of REITs, prefer the high-beta REITs. The exposure of institutional investors to high-beta REITs could explain the beta anomaly in the REIT market." @default.
- W3044809917 created "2020-07-29" @default.
- W3044809917 creator A5007155747 @default.
- W3044809917 creator A5055092996 @default.
- W3044809917 creator A5068298711 @default.
- W3044809917 date "2020-07-23" @default.
- W3044809917 modified "2023-09-29" @default.
- W3044809917 title "The Beta Anomaly in the REIT Market" @default.
- W3044809917 cites W1495589642 @default.
- W3044809917 cites W1506844681 @default.
- W3044809917 cites W1578895807 @default.
- W3044809917 cites W1814457572 @default.
- W3044809917 cites W1830955041 @default.
- W3044809917 cites W1845769572 @default.
- W3044809917 cites W1962223688 @default.
- W3044809917 cites W1971432209 @default.
- W3044809917 cites W1978869971 @default.
- W3044809917 cites W1989921242 @default.
- W3044809917 cites W1992511151 @default.
- W3044809917 cites W2003498865 @default.
- W3044809917 cites W2006200954 @default.
- W3044809917 cites W2042305824 @default.
- W3044809917 cites W2050606716 @default.
- W3044809917 cites W2051348804 @default.
- W3044809917 cites W2066748594 @default.
- W3044809917 cites W2084050624 @default.
- W3044809917 cites W2124601071 @default.
- W3044809917 cites W2166215547 @default.
- W3044809917 cites W2215349512 @default.
- W3044809917 cites W2318040513 @default.
- W3044809917 cites W2508485450 @default.
- W3044809917 cites W2518532545 @default.
- W3044809917 cites W2610212283 @default.
- W3044809917 cites W2909709804 @default.
- W3044809917 cites W3013862669 @default.
- W3044809917 cites W3021190191 @default.
- W3044809917 cites W3121145905 @default.
- W3044809917 cites W3121201477 @default.
- W3044809917 cites W3122049259 @default.
- W3044809917 cites W3122221748 @default.
- W3044809917 cites W3122225907 @default.
- W3044809917 cites W3122780446 @default.
- W3044809917 cites W3123639445 @default.
- W3044809917 cites W3123650318 @default.
- W3044809917 cites W3124049292 @default.
- W3044809917 cites W3124117111 @default.
- W3044809917 cites W3124339933 @default.
- W3044809917 cites W3124478565 @default.
- W3044809917 cites W3124525953 @default.
- W3044809917 cites W3124640994 @default.
- W3044809917 cites W3125688476 @default.
- W3044809917 cites W3216651525 @default.
- W3044809917 cites W4385795614 @default.
- W3044809917 doi "https://doi.org/10.1007/s11146-020-09784-3" @default.
- W3044809917 hasPublicationYear "2020" @default.
- W3044809917 type Work @default.
- W3044809917 sameAs 3044809917 @default.
- W3044809917 citedByCount "11" @default.
- W3044809917 countsByYear W30448099172020 @default.
- W3044809917 countsByYear W30448099172021 @default.
- W3044809917 countsByYear W30448099172022 @default.
- W3044809917 countsByYear W30448099172023 @default.
- W3044809917 crossrefType "journal-article" @default.
- W3044809917 hasAuthorship W3044809917A5007155747 @default.
- W3044809917 hasAuthorship W3044809917A5055092996 @default.
- W3044809917 hasAuthorship W3044809917A5068298711 @default.
- W3044809917 hasBestOaLocation W30448099172 @default.
- W3044809917 hasConcept C10138342 @default.
- W3044809917 hasConcept C106159729 @default.
- W3044809917 hasConcept C144133560 @default.
- W3044809917 hasConcept C162324750 @default.
- W3044809917 hasConcept C199360897 @default.
- W3044809917 hasConcept C2776174256 @default.
- W3044809917 hasConcept C38815200 @default.
- W3044809917 hasConcept C41008148 @default.
- W3044809917 hasConcept C556758197 @default.
- W3044809917 hasConcept C82279013 @default.
- W3044809917 hasConceptScore W3044809917C10138342 @default.
- W3044809917 hasConceptScore W3044809917C106159729 @default.
- W3044809917 hasConceptScore W3044809917C144133560 @default.
- W3044809917 hasConceptScore W3044809917C162324750 @default.
- W3044809917 hasConceptScore W3044809917C199360897 @default.
- W3044809917 hasConceptScore W3044809917C2776174256 @default.
- W3044809917 hasConceptScore W3044809917C38815200 @default.
- W3044809917 hasConceptScore W3044809917C41008148 @default.
- W3044809917 hasConceptScore W3044809917C556758197 @default.
- W3044809917 hasConceptScore W3044809917C82279013 @default.
- W3044809917 hasFunder F4320322598 @default.
- W3044809917 hasIssue "3" @default.
- W3044809917 hasLocation W30448099171 @default.
- W3044809917 hasLocation W30448099172 @default.
- W3044809917 hasOpenAccess W3044809917 @default.
- W3044809917 hasPrimaryLocation W30448099171 @default.
- W3044809917 hasRelatedWork W1038436684 @default.
- W3044809917 hasRelatedWork W2017743522 @default.
- W3044809917 hasRelatedWork W2031907365 @default.
- W3044809917 hasRelatedWork W2108954098 @default.
- W3044809917 hasRelatedWork W2295377358 @default.