000 01445cab a22002295a 4500
001 L147868
008 090624s2009 xxkd f 000 0 eng d
035 _a(Sirsi) u147868
041 0 _aeng
100 1 _aCheong, Chee Seng
245 0 3 _aAn analysis of the long-run impact of fixed income and equity market performance on Australian and UK securitised property markets
260 _c2009
490 0 _aJournal of Property Investment and Finance
_v27(3) 2009, 259-276(18)
520 _aRe-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.
590 _aKA
651 4 _aAustralia
651 4 _aUnited Kingdom
_y
690 _aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY FINANCE AND INVESTMENT
700 1 _aWilson, Patrick J.
700 1 _aZurbruegg, Ralf
942 _n0
999 _c81660
_d81660