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Persistent link: https://www.econbiz.de/10012086430
Two empirical models are used to implement the arbitrage pricing theory: the factor loading model (FLM) and the macrovariable model (MVM). This study compares the ability of these two models to explain real estate returns using equity REIT returns as a proxy. Two tests are performed: a...
Persistent link: https://www.econbiz.de/10005335059