An analysis of the long-run impact of fixed income and equity market performance on Australian and UK securitised property markets
Language: English Series: Journal of Property Investment and Finance ; 27(3) 2009, 259-276(18) Publication details: 2009Subject(s): Summary: Re-evaluates the relationship between the securitised property market and the UK and Australian fixed income and general stock markets from July 1998 to June 2006. Previous studies have shown mixed results regarding the influence that equity and fixed income markets have on securitised property. Real Estate Management and Development companies' (REMDs) security prices in both Australia and the UK have a long-run co-integrative relationship with both the equity market and long-term interest rates. Listed property trusts (LPTs) in Australia utilise more long-terms debts than REMDs to finance their business operations. LPTs are not co-integrated with the bond market. Tables. Figures. Notes. References.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L147868 (Browse shelf(Opens below)) | 1 | Available | 147868-1001 |
Re-evaluates the relationship between the securitised property market and the UK and Australian fixed income and general stock markets from July 1998 to June 2006. Previous studies have shown mixed results regarding the influence that equity and fixed income markets have on securitised property. Real Estate Management and Development companies' (REMDs) security prices in both Australia and the UK have a long-run co-integrative relationship with both the equity market and long-term interest rates. Listed property trusts (LPTs) in Australia utilise more long-terms debts than REMDs to finance their business operations. LPTs are not co-integrated with the bond market. Tables. Figures. Notes. References.