000			01314cab a2200217 4500
001			##L132699
008			060301n2005 000 0 eng u
035			_a(Sirsi) u132699
041	0		_aeng
100	1		_aHwang, Eun Sun
245	0	0	_aMultinational companies' real asset ownership and its impact on diversification
260			_c2005
490		0	_aJournal of Corporate Real Estate _v7(4), 2005, 326-338(13)
520			_aExamines whether or not holding a greater percentage of real assets significantly impacts the risk and risk-adjusted return of US based multinational companies in order to provide a better understanding of the impact of risk, return and diversification. A series of rolling two stage least square regression models analysed the relationships among corporate real assets, systematic risk (beta), and risk adjusted return. It was found that U.S. based multinational companies do have lower betas. However, their cross border real asset holdings do not affect diversification and do not provide significantly higher risk-adjusted returns to stockholders.
590			_aIKA140306
650	2	4	_aUNITED STATES
690			_aPROPERTY-COMMERCIAL PROPERTY-CORPORATE REAL ESTATE-CORPORATE REAL ESTATE MANAGEMENT
700	1		_aSeiler, Vicky L.
700	1		_aSeiler, Michael J.
942			_n0
999			_c76567 _d76567