Institutional Investment in REIT Common Stocks: An Examination of the Prudent Man Investment Hypothesis
- Topics:
- Commercial Lending
- Tags:
- Business Operations,
- College Of Business & Economics,
- Finance,
- Financial,
- Financial Accounting,
- Financial Ratio,
- Investment,
- Real Estate,
- REIT
- Source:
- College of Business & Economics
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Overview: This study examines the determinants of institutional investment demand for real estate investment trust (REIT) common strock and whether institutional investment decisions are influenced by REIT financial ratios. We estimate the institutional investor demand function using a common set of financial ratios. We perform several different analyzes using linear regression and two types of neutral network models. The results indicate that some financial ratios appear to influence institutional investment decisions, and that preferences for many ratios change over time. Finally, the results indicate that in terms of prediction, the linear regression models are generally superior to the two neural network models.
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Format: PDF | Size: 2,243KB | Date: Jan 2003 | Pages: 18



