Using extensive and comprehensive databases to select a subset of research papers, we
aim to critically analyze previous empirical studies to identify certain patterns in determining …

This paper summarises the various findings of studies completed on the benefits of
international diversification using real estate stocks. With the increased availability of data …

Are global city office markets inherently unstable? This examination of office markets in
major world cities analyses the flows of capital that create urban form, the nature of …

We examine the risk and return characteristics of publicly traded real estate companies from
14 countries over the period 1990 to 2001. Our data are monthly country‐level commercial …

This paper analyzes the relationships between local and global securitized real estate
markets, but also between securitized real estate and common stock markets. First, the …

The real estate industry is one of the most important and oldest asset classes in the world. It
is also one of the most inefficient and inflexible ones. This paper explores a disruptive …

Previous research has questioned the stability of international equity diversification. This
study examines whether foreign real estate exists in a more segmented market and whether …

We investigate the determinants of direct office real estate returns by analyzing rents, capital
appraisals, and total returns. A recently compiled global database of major cities in Asia …

Lizieri C. and Pain K. International office investment in global cities: the production of
financial space and systemic risk, Regional Studies. The paper explores the relationships …

This study explores the key financial performance characteristics of successful listed real
estate companies in an international context over 2000–2006. Financial success is …