Date of Award
2013-01-01
Degree Name
Master of Science
Department
Economics
Advisor(s)
Erik Devos
Abstract
Real Estate is popular among investors looking for attractive total returns, predictable price movements, and low correlations to the general equity markets. The financial crisis of 2007 led by real estate mortgage defaults led to a universal bear market, and a credit freeze which impacted REITs ability to raise capital. REITs long viewed perception as a distinct asset class was questioned as a result. Research analyzing REITs long run trends find evidence of an existing long run relationship between REITs, and the S&P. This paper employs the same cointegration framework of prior studies using a longer sample period, and favors the conventional view of REITs as a distinct asset class.
Language
en
Provenance
Received from ProQuest
Copyright Date
2013
File Size
53 pages
File Format
application/pdf
Rights Holder
Jessie E. Felix
Recommended Citation
Felix, Jessie E., "REITs and Stock Market Cointegration" (2013). Open Access Theses & Dissertations. 1815.
https://scholarworks.utep.edu/open_etd/1815