RETURN PATTERNS OF GERMAN OPEN-END REAL ESTATE FUNDS by Sebastian Michael Glaesner ( 9783631604069 )

Item Details

Title:

RETURN PATTERNS OF GERMAN OPEN-END REAL ESTATE FUNDS
AN EMPIRICAL EXPLANATION OF SMOOTH FUND RETURNS

By:

Sebastian Michael Glaesner

Format:

Hardback

List price:

£36.75

Our price:

£33.08

Discount:

10% off

You save:

£3.67

ISBN 10:

3631604068

ISBN 13:

9783631604069

Availability:

This item will be printed on demand and will usually be dispatched within 10 days.

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Stock:

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Publisher:

PETER LANG AG

Pub. date:

30 March, 2010

Series:

Corporate Finance and Governance 1

Pages:

111

Description:

In the course of the investigation, evidence is found that both phenomena are interrelated. All analyses are based on publicly available data; therefore they are not limited by client interests. This title aims to understand stable capital growth of German properties and to contribute to the explanation of stable fund returns.

Synopsis:

The aim of this study is to better understand stable capital growth of German properties and to contribute to the explanation of stable fund returns. In the course of the investigation, evidence is found that both phenomena are interrelated. All analyses are based on publicly available data; therefore they are not limited by client interests. Results show three different pieces of evidence on return smoothing, namely the influence on valuation, the timing of valuations, and the influence on returns resulting in return differences by calendar months. Together with the notion of internationally uniquely stable returns, it seems impossible to extract true asset volatility from the observed appraisal-based time series.

Publication:

Switzerland

Imprint:

Peter Lang AG

Returns:

Returnable

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RETURN PATTERNS OF GERMAN OPEN-END REAL ESTATE FUNDS