Market efficiency in the emerging securitized real estate markets

Research, Preprint English OPEN
Schindler, Felix;
(2010)
  • Publisher: Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim
  • Subject: Markteffizienz | Aufstrebende Märkte | Schwellenländer | random walk hypothesis | 330 Wirtschaft | Immobilienmarkt | G12 | G15 | G14 | runs test | Securitization | variance ratio tests | Random Walk | trading strategies | Securitized real estate markets | Hypothek | Statistischer Test | Securitized real estate markets,market efficiency,random walk hypothesis,variance ratio tests,runs test,trading strategies | Schätzung | market efficiency
    • jel: jel:G12 | jel:G15 | jel:G14
      ddc: ddc:330

This paper tests the random walk hypothesis and market efficiency for twelve emerging as well as for four developed securitized real estate markets from 1992 to 2009. Random walk properties of equity prices influence return dynamics, and market efficiency is often consi... View more
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