| 000 | 01408cam a2200277 4500 | ||
|---|---|---|---|
| 001 | ABS66358 | ||
| 008 | 030207n2002 000 0 eng u | ||
| 035 | _a(Sirsi) u121296 | ||
| 100 | _aCiochetti, B.A. | ||
| 245 | _aInstitutional investors' preferences for REIT stocks | ||
| 260 | _c2002 | ||
| 490 |
_aReal Estate Economics _v30(4) 2002, 567-593(14) |
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| 520 | _aThis article investigates the determinants of real estate investment trusts (REIT) portfolio investment and institutional REIT ownership using multivariate Tobit regressions. Contends that many institutional investors take larger positions in more liquid assets like REIT stocks, as compared with private real estate equities, because of liquidity considerations. Consistent with this contention, finds that liquidity constraints are significantly related to REIT portfolio investment by institutional investors. Also finds that institutional investors have different preferences for REIT stocks than do other investors; they generally prefer larger, more liquid REIT stocks. [Taken from journal headnote]. | ||
| 590 | _aABS | ||
| 650 | _aREITS | ||
| 650 | _aREITS | ||
| 650 | _aEQUITIES | ||
| 650 | _aLIQUID ASSETS | ||
| 650 | _aPORTFOLIO INVESTMENT | ||
| 650 | _aINSTITUTIONAL INVESTORS | ||
| 650 | _aINVESTMENT VEHICLES | ||
| 690 | _aINVESTMENT | ||
| 700 | _aCraft, T.M. | ||
| 700 | _aShilling, James D | ||
| 942 | _n0 | ||
| 999 |
_c72086 _d72086 |
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