Gabler Verlag
Real Estate Risk in Equity Returns (English, Gaston Michel)
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Book Details
| ISBN-13 | 9783834917690 |
| ISBN-10 | 3834917699 |
Product Description
About the Book
Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross-sectional variation in equity returns. He shows that an alternative modeI which includes the real estate factor performs as well as or better than the Fama-French model in pricing equity returns.
ISBN: 9783834917690
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