This paper focuses on analyzing functional relationships among performance measures, centered on the adjusted differential risk premium between the asset and the benchmark and on Sharpe-1994 ratio. First, we develop a risk normalization procedure for variance and Aumann–Serrano riskiness which...

Purpose – The purpose of this paper is to extend the Du Pont method by connecting productivity and profitability through financial statements focusing on the two most common productivity indicators for companies: total factor productivity (TFP) and labour productivity....

The aim of this paper is to analyze the types of financial assets and derivatives that are necessary to provide an adequate financing for real estate investments, and, at the same time, to control their risk. We begin with a theoretical analysis, and, next, we compare the conclusions we draw...

En este articulo se revisan los instrumentos de inversion indirecta inmobiliaria en Espana, desde la creacion en 1992 de los Fondos y Sociedades de Inversion inmobiliaria (FII y SII) hasta la creacion de la primera Sociedad de inversion del mercado inmobiliario (SOCIMI) en 2013. Se analizan las...

Real estate should be part of any well diversified portfolio. Its inclusion in an efficient portfolio is justified by its expected return and its risk features, among which it becomes remarkable their low correlation with financial assets, especially with common stock. Nevertheless, its low...