Essays on the Impact of Sentiment on Real Estate Investments

Anna Mathieu (Autor)

Buch | Hardcover

XX, 115 Seiten

2015 | 1st ed. 2016
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-11636-1 (ISBN)

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Anna Mathieu clarifies if real estate decisions are affected by investor and consumer sentiment and how severely the sentiment should be considered. With regard to international capital markets Mathieu conducts an analysis of the impact of investor sentiment on the return of the real estate-specific investment vehicle "Real Estate Investment Trust (REIT)" by applying a GARCH-Model. She investigates the effects of investor sentiment on the return and the underlying volatilities of REITs and Non-REITs during the financial crisis. The hypotheses are tested for validity in a GARCH-Model. Parallel to capital markets and thereby in changing from an indirect Real Estate investment perspective to a direct perspective the author conducts an analysis if consumer sentiment impacts the household decision to buy a new home in the US. Therefore a dataset with 385 monthly observations from 1978 to 2010 is tested by a component model.

Dr. Anna Mathieu wrote her dissertation at the Real Estate Management Institute (REMI) of the EBS European Business School.

Introduction.- The Impact of Investor Sentiment on REIT Returns.- Investor Sentiment and the Return and Volatility of REITs and Non-REITs during the Financial Crisis.- The Impact of Consumer Sentiment on the Number of New Home Sales.- Dissertation Conclusions.

Erscheinungsdatum	08.10.2016
Reihe/Serie	Essays in Real Estate Research
Zusatzinfo	XX, 115 p. 6 illus. in color.
Verlagsort	Wiesbaden
Sprache	englisch
Maße	148 x 210 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
Schlagworte	Business and Economics • Finance/Investment/Banking • GARCH-Model • Impact of Investor Sentiment • New Home Sales in US • Real Estate Investment Trust • Real Estate Management • real estate-specific investment • Reit
ISBN-10	3-658-11636-6 / 3658116366
ISBN-13	978-3-658-11636-1 / 9783658116361
Zustand	Neuware