... over‐values the reversionary interest of the property asset. Originality/value The paper seeks to stimulate debate on the current use of low deferment rates. James Wyatt can be contacted at: jwyatt@johndwood.co.uk © Emerald Group Publishing Limited 2011 Financial risk Liquidity...

... bivariate Granger causality tests, also known as block exogeneity tests, as per Granger (1988) , Kawaller et al. (1987) and Malliaris and Urrutia (1992) . Real estate Financial risk Financial services Economic fluctuations United Kingdom Rish analysis In light of the recent...

... is not the focus of this paper. Rent reviews Income Property management Tenant default Financial risk South Korea At its most basic level, income return depends on tenants paying their rent in full and on time. The stability of the income return is one of the key features of real estate both...

... model will facilitate better appreciation of the risks of property investment in Chinese cities. Property Investments Financial risk Local government China Organizational analysis In December 1978 the Chinese government initiated the Reform and Opening‐up Programme to improve...

..., 1997). Chyi Lin Lee can be contacted at: c.lee27@pgrad.unimelb.edu.au © Emerald Group Publishing Limited 2008 Financial risk Financial management Property Real estate Australia Listed property trusts (LPTs) are some of the most successful indirect property investments...

... approximation Financial risk This paper examines the dynamic relationships between REIT returns and those of other financial and unsecuritized real assets internationally. The objectives of this paper are: to identify the causes of the dynamic nature of these relationships; and to determine...

... Property Stock markets Financial risk Real estate is the world's biggest business accounting for 15 percent of global gross domestic product (GDP) with assets of US$50 trillion compared with US$30 trillion in equities (Bloomberg, 2004). Moreover more than 50 percent of the world's total assets...

.... (2000) . © Emerald Group Publishing Limited 2006 Real estate Diversification Returns Financial risk Ireland United Kingdom Since London returns sometimes dominate those in the outlying areas of the UK, this analysis allows results to be presented with and without the effect...

... benefits both within a multi‐asset portfolio and within a pure European property portfolio context. © MCB UP Limited 1993 Europe Investment property Property portfolio Financial risk Valuation European Paper The European section is intended to provide an open forum for the presentation...

... institutional investors. © MCB UP Limited 1993 Valuation Performance measurement Property portfolio Financial risk Investment Skill and Portfolio Management Received: 1st May, 1992 Dr Gerald R. Brown Keywords: Performance measurement efficient markets investment skill risk valuation...

... rate assumption than vice versa. © MCB UP Limited 1993 Investment Return on investment Return on investment Financial risk Reinvestment Rate Risk Analysis Received (in revised form): 31st August, 1992 Dr MichaelJ.Crean Keywords: Reinvestment rate internal rate of return external...

... in the London office of Stoy Hayward,a member of Horwath International. 151 © MCB UP Limited 1991 ACCOUNTS MANAGEMENT Assets valuation Companies Acts Financial risk Property Valuation ...

... on a more comparable basis as the property market itself becomes more efficient. Financial risk Investment property portfolio Assets management Pricing strategy Valuation Yield © MCB UP Limited 1990 PROBLEMS OF PROPERTY PERFORMANCE MEASUREMENT Received: 29th November, 1989 COLIN BARBER...