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Springer Stock Price Dynamics of US REITs: The Effect of Short Selling, Covid-19, and ESG: 20 (Essays in Real Estate Research, 20)

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£68.52 £67.09 £67.40 £67.71 £68.03 £68.34 £68.65 31 July 2026 18 August 2026 06 September 2026 25 September 2026 14 October 2026
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Description

By adopting the ‘REIT laboratory’ and incorporating REIT-specific Fama-French factors, Nick Martin Trefz builds the foundation to appropriately isolate the parameters of interest and to transparently investigate the areas of interest (Short Selling, Covid-19, and ESG) throughout the chapters in this book. He finds that short selling activity measured by short interest correlates with positive excess returns, and that low short interest portfolios have positive and statistically significant alphas. He further identifies that during the Covid-19 pandemic the sources of spillovers among US real estate sectors remain constant compared to before Covid-19. Lodging can be identified as a source of total return as well as tail risk, and Office can be considered a source of volatility. Lastly, he shows that ESG ratings do not affect returns during Covid-19. However, higher ESG ranked REITs show significantly lower volatility during Covid-19.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
02 January 2023
Listed Since
01 November 2022

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