...Aviral Kumar Tiwari; Christophe André; Rangan Gupta Purpose Assessing the strength and time variation of spillovers between returns on residential real estate, real estate investment trusts (REITs), stocks and bonds in the United States. Spillovers reduce the benefits of portfolio diversification...

...Stephen Lee Purpose – The purpose of this paper is to empirically examine the effect on US stock, bond and real estate investment trust (REIT) prices triggered by the US Federal Reserve Chairman Ben Bernanke’s announcement of a possible intent to unwind, or taper, quantitative easing (QE...

.... Practical implications The paper mainly shows that internal funding is a significant factor in determining the percentage of cash versus stocks (or any other form of payment) when completing a merger. This highlights the importance of a REIT to manage its short‐term liquidity and cash specifically. Also...

...Ming‐Long Lee; Kevin Chiang Purpose The US real estate investment trust (REIT) market experienced a structural change in the early 1990s. This paper aims to examine the following two issues: is the equity REIT market movement positively linked with the stock market movement in the long‐run? If so...

.... Design/methodology/approach The authors choose the Hong Kong stock market to form the sample to distinguish the herd behavior of the property stocks, if any, from stocks of other categories. The authors separate stocks into two portfolios, those made up of property stocks versus non‐property stocks...