Downside risk optimization in securitized real estate markets
نویسندگان
چکیده
منابع مشابه
Downside Risk Optimization in Securitized Real Estate Markets
Optimization of international securitized real estate portfolios has been a key topic for several decades. However, most previous analysis has focused on regional diversification by applying the traditional mean-variance (MV) framework suggested by Markowitz (1952) even if the limitations of this approach are well-known. Thus, we focus on a more suitable and appealing downside risk (DR) framewo...
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ژورنال
عنوان ژورنال: Journal of Property Investment & Finance
سال: 2010
ISSN: 1463-578X
DOI: 10.1108/14635781011080294