Warianty tytułu
Języki publikacji
Abstrakty
Traditionally, it is believed that real estate can be an important component of an investment portfolio as it reduces risk due to the diversification potential coming from its low/negative correlation with stocks and bonds. However, contemporary development in the form of the invention and introduction of more sophisticated financial instruments is blurring the boundaries between the existing asset classes. The appearance of these new forms of investments is the result of competition for global capital inflows. Investors concentrate on those forms of investments that are attractive in terms of the variety of offered instruments and the results achieved by them. The aim of the article is to evaluate the variety of instruments enabling investments on the Polish property market and their competitiveness in relation to classical forms of investment.(original abstract)
Czasopismo
Rocznik
Numer
Strony
62--70
Opis fizyczny
Twórcy
Bibliografia
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- BROWN G., MATYSIAK G., 2000, Real estate investment - a capital market approach, Prentice Hall.
- BRUEGGEMAN W., FISHER J., 1997, Real estate finance and investments, Irwin, Chicago.
- CLAYTON J., GORDON J., FABOZZI F., GILIBERTO S.M., LIANG Y., & HUDSON-WILSON S., 2007, Real estate comes of age, Journal of Portfolio Management, 33, 15-26.
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- EICHHOLTZ P., 1997, Real estate securities and common stocks: a first international look, REF, 14 (4), 70-74.
- FIORILLA P., KAPAS M., LIANG Y., 2012, An institutional view of global real estate markets, Journal of Real Estate Portfolio, vol. 18 (1), 123-134.
- GEORGIEV G., GUPTA B., & KUNKEL T., 2004, Benefits of Real Estate Investment, Journal Of Portfolio Management, 28-33.
- HARTZELL D., HEKMAN J., & MILES M., 1986, Diversification Categories in Investment Real Estate, AREUEA Journal, Journal Of The American Real Estate & Urban Economics Association, 14 (2), 230-254.
- HEANEY R., SRIANANTHAKUMAR S. 2012, Time-varying correlation between stock market returns and real estate returns. Journal Of Empirical Finance, 19(4), 583-594.
- LEE S., STEVENSON S., 2005, The Case for REITs in the Mixed-Asset Portfolio in the Short and Long Run, Journal of Real Estate Portfolio Management, 11, 55-80.
- LIESER K., GROH A.P., 2011, The Attractiveness of 66 Countries for Institutional Real Estate Investments: A Composite Index Approach, Journal of Real Estate Portfolio Management, vol. 17 (3), 191-211.
- LIN Z., VANDELL K. D., 2007, Illiquidity and Pricing Biases in the Real Estate Market, Real Estate Economics, vol. 35, 291-330.
- PAI A., GELTNER D., 2007, Stocks are from Mars and real estate is from Venus, The Journal of Portfolio Management, vol. 33 (5), 134-144.
- ZALECZNA M., 2010, Instytucjonalne uwarunkowania rozwoju rynku nieruchomości w Polsce na tle doświadczeń państw zachodnich, Wyd. UŁ, Łódź.
Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171305999