The Determinants of International Commercial Real Estate Investment

被引：58

作者：

Lieser, Karsten ^{[1
]}

Groh, Alexander Peter ^{[2
]}

机构：

[1] IESE Business Sch, Int Ctr Financial Res, Barcelona 08034, Spain

[2] EMLYON Business Sch, F-69134 Ecully, France

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 2014年 / 48卷 / 04期

关键词：

Real Estate Investment; International Asset Allocation; Real Estate Market Attractiveness; Augmented Random Effect Panel Regression; MARKET; REGRESSION;

D O I：

10.1007/s11146-012-9401-0

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the determinants of international commercial real estate investment using a unique set of panel data series for 47 countries worldwide, covering the period from 2000 to 2009. We explore how different socio-economic, demographic and institutional characteristics affect commercial real estate investment activity by determining both cross-sectional and time-series estimators, running augmented random effect panel regressions. We provide evidence that economic growth, rapid urbanization and compelling demographics attract real estate investment, and also demonstrate that a lack of transparency in the legal framework, administrative burdens of doing real estate business, socio-cultural challenges and political instabilities reduce international real estate allocations.

引用

页码：611 / 659

页数：49

共 50 条

[31] Real Estate Investment Choices and Decision Support Systems
Del Giudice, Vincenzo
De Paola, Pierfrancesco
Francesca, Torrieri
Nijkamp, Peter J.
Shapira, Aviad
[J]. SUSTAINABILITY, 2019, 11 (11)
[32] Analysis and Applications of Real Estate Investment Decision Based on Real Options
Ma Yuli
Liu Haili
Ren Xu
[J]. Proceedings of the Second International Symposium - Management, Innovation and Development, 2015, : 693 - 698
[33] Jump point detection for real estate investment success
Hui, Eddie C. M.
Yu, Carisa K. W.
Ip, Wai-Cheung
[J]. PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2010, 389 (05) : 1055 - 1064
[34] The Impact of Urbanization on Investment of Real Estate Industry in China
Liu, Yan
Chau, K. W.
[J]. PROCEEDINGS OF THE 20TH INTERNATIONAL SYMPOSIUM ON ADVANCEMENT OF CONSTRUCTION MANAGEMENT AND REAL ESTATE, 2017, : 521 - 530
[35] A Synthetic Evaluation Model for Risk in Real Estate Investment
Ke Xiaoling
Diao Fengqin
Zhu Kejun
[J]. PROCEEDINGS OF THE 6TH INTERNATIONAL CONFERENCE ON INNOVATION AND MANAGEMENT, VOLS I AND II, 2009, : 184 - 187
[36] Real estate price and heterogeneous investment behavior in China
Wang, Ren
Hou, Jie
He, Xiaobei
[J]. ECONOMIC MODELLING, 2017, 60 : 271 - 280
[37] Volatilities and Momentum Returns in Real Estate Investment Trusts
Hung, Szu-Yin Kathy
Glascock, John L.
[J]. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 2010, 41 (02) : 126 - 149
[38] Improved PP model for real estate investment evaluation
Zhou Shujing
Li Yancang
Suo Juanjuan
[J]. SECOND INTERNATIONAL SYMPOSIUM ON COMPUTATIONAL INTELLIGENCE AND DESIGN, VOL 1, PROCEEDINGS, 2009, : 352 - 354
[39] A novel architecture to identify locations for Real Estate Investment
Kumar, E. Sandeep
Talasila, Viswanath
Pasumarthy, Ramkrishna
[J]. INTERNATIONAL JOURNAL OF INFORMATION MANAGEMENT, 2021, 56
[40] A Comparative Study of Real Estate Investment and Economic Growth
Zhuang Xueli
Liu Yisheng
[J]. PROCEEDINGS OF THE THIRD INTERNATIONAL SYMPOSIUM - MANAGEMENT, INNOVATION & DEVELOPMENT, BKS ONE & TWO, 2016, : 1145 - 1149

← 1 2 3 4 5 →