Handbook of Asian finance. Volume 2, REITs, trading, and fund performance / edited by David Lee Kuo Chuen, Greg N. Gregoriou.

Format:

Book

Author/Creator:

Chuen, David, author.

Contributor:

Lee, David (David Kuo Chen), editor.

Gregoriou, Greg N., 1956- editor.

Language:

English

Subjects (All):

Finance--Asia.

Finance.

Physical Description:

1 online resource (531 p.)

Edition:

1st edition

Place of Publication:

San Diego, California : Elsevier, [2014]

Language Note:

English

System Details:

text file

Summary:

Participants in Asian financial markets have witnessed the unprecedented growth and sophistication of their investments since the 1997 crisis. The Handbook of Asian Finance: Financial Markets and Wealth Management analyzes the forces behind these growth rates. Insights into banking, fund performance, and the effects of trading technologies for practitioners to tax evasion, market manipulation, and corporate governance issues are all here, presented by expert scholars. Offering broader and deeper coverage than other handbooks, the Handbook of Asian Finance: Financi

Contents:

Half Title; Title Page; Copyright; Contents; Editor Bios; Contributor Bios; Acknowledgments; Introductory Chapter: Asia Finance: The Emergence of Asia Economy and New Development in Finance; REITs; Trading; Fund Performance; Summary of individual Chapters in Volume II; Re-Emergence of asia; Disclaimers; Part One: REIT's; 1.2 Conceptual Framework; 1.2.1 Analyst Coverage; 1.2.2 Analysts Accuracy; Country effects; Industry effects; 1.2.3 Forecast Bias; Analysts' forecasts during periods of high uncertainty; 1.3 Data and Methodology; 1.3.1 Data; 1.3.2 Test of Financial Analysts' Accuracy

1.3.3 Test of Financial Analysts' Forecast Bias1.3.4 Analysis by Sub-Periods and Types of Earnings; 1.4 Analysis of Financial Analysts' Forecasts; 1.4.1 Accuracy of Financial Analysts' Forecasts; Before crisis: 2005-2007; During the crisis: 2008-2009; After the crisis: 2010-2012; 1.4.2 Financial Analysts' Forecast bias; Before crisis: 2005-2007; During the crisis: 2008-2009; After the crisis: 2010-2012; 1.5 Conclusion; Appendix 1: Real Estate: Detailed Evolution of FAFs Accuracy and Bias in the Real Estate Sector for Asian Pacific Countries from 2001 to 2012

Appendix 2: The Evolution of FAFs Accuracy (diamond black line) and Bias (square gray line) (figure on the left), and Coverage in the Real Estate Sector for Asian Pacific countries from 2001 to 2012 (figure on the right)Appendix 3: Detailed Evolution of FAFs Accuracy and Bias in the Real Estate Sector for Asian Pacific Countries from 2001 to 2012 (except the real estate sector); Appendix 4: Detailed Evolution of Average Analyst Following for Real Estate Firms in Asian Pacific Countries: from 2001 to 2012; References; 2.3 Empirical Analysis; 2.3.1 Sample; 2.3.2 Methodology; 2.3.3 Results

2.4 ConclusionAcknowledgments; References; 3.2 Market Structure of Singapore REITs; 3.2.1 Introduction to Singapore REITs; 3.2.2 Listing Requirements for S-REIT; 3.2.3 Structure of S-REITs; 3.2.4 Composition of S-REITs; 3.3 Performance of Singapore REITs; 3.3.1 S-REITs Performance Relative to the Singapore Stock Market Index (STI); 3.3.2 Dividend Yields of S-REITs and Spreads Over 10-Year Government Bonds; 3.3.3 S-REITs Performance Relative to the URA Property Index; 3.3.4 S-REITs Performance Relative to Other Asian REITs Indexes; 3.3.5 Concluding Note; 3.4 Growth Options of Individual REITs

3.4.1 How REITs Generate Growth Internally3.4.2 How REITs Grow via Acquisitions and Property Development; 3.4.3 Risks in REITs Investing; 3.5 Conclusion; References; 4.2 Literature Review; 4.3 Methodologies; 4.3.1 Performance Measures; 4.3.2 Illiquidity and Performance Measures; 4.3.3 Errors-in-Variables and Linear Asset Pricing Models; 4.4 Data and Asset Pricing Model; 4.4.1 Data and Adjusted Return Series; 4.4.2 The Asset Pricing Model; 4.5 Results and Findings; 4.5.1 Four Factor Model; 4.5.2 Performance Indicators; 4.6 Conclusion

Appendix 1: Figures-Jensen's Alpha in the 9 APAC REIT Markets (April 2005 to May 2013)

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed May 24, 2014).

ISBN:

9780128010631

0128010630