Another Look at Asian REITs Performance after the Global Financial Crisis
Alain Coëna and Patrick Lecomteb, aUniversité du Québec à Montréal, Department of Finance, Ivanhoe-Cambridge Chair in Real Estate ESG-UQAM, Succursale Centre-Ville, Case Postale 6192, Montreal, Canada H3C 4R2, bESSEC Business School, Singapore Campus, #13-02 National Library, Singapore 188 064, Singapore, coen.alain@uqam.ca; patlecomte.web@gmail.com
Abstract
The aim of this chapter is to revisit the performance of Asian REITs before and after the sub-prime crisis using risk-adjusted performance measures based on multifactor models. First, we use performance measures (including the Generalized Treynor Ratio) able to capture the variety of systematic risk ...
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