Work

REITs and the financial crisis: Empirical evidence from the U.S.

Year: 2009

Type: article

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.

Source: International Journal of Business and Management

DOI: 10.5539/ijbm.v4n11p3

Authors: Tobias Basse, Meik Friedrich, Eduardo Vazquez Bea

Institution: University of Applied Sciences FHDW Hannover

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W2044008404

FWCI: 2.247

Cites: 31

Cited by: 34

Related to: 10