REITs and the financial crisis: Empirical evidence from the U.S.
- Tobias Basse
- Meik Friedrich
- Eduardo Vazquez Bea
Abstract
REITs are often seen to be very similar to utility stocks. However, the current financial crises – which has its roots in the U.S. housing market – has raised some doubts regarding this classification. We re-examine the relationship between REITs and utility stocks analyzing data from the United States and document the existence of a massive structural break in February 2007. Our results indicate that investing in U.S. REITs recently has become more risky relative to investments in utility stocks. This change coincides with the current economic and financial crisis.
- Full Text:
PDF
- DOI:10.5539/ijbm.v4n11p3
Journal Metrics
Google-based Impact Factor (2023): 0.86
h-index(2023): 152
i10-index(2023): 1168
Index
- Academic Journals Database
- ACNP
- AIDEA list (Italian Academy of Business Administration)
- ANVUR (Italian National Agency for the Evaluation of Universities and Research Institutes)
- Berkeley Library
- CNKI Scholar
- COPAC
- EBSCOhost
- Electronic Journals Library
- Elektronische Zeitschriftenbibliothek (EZB)
- EuroPub Database
- Excellence in Research for Australia (ERA)
- Genamics JournalSeek
- GETIT@YALE (Yale University Library)
- IBZ Online
- JournalTOCs
- Library and Archives Canada
- LOCKSS
- MIAR
- National Library of Australia
- Norwegian Centre for Research Data (NSD)
- PKP Open Archives Harvester
- Publons
- Qualis/CAPES
- RePEc
- ROAD
- Scilit
- SHERPA/RoMEO
- Standard Periodical Directory
- Universe Digital Library
- UoS Library
- WorldCat
- ZBW-German National Library of Economics
Contact
- Stephen LeeEditorial Assistant
- ijbm@ccsenet.org