This paper departs from the traditional optimisation methods used to evaluate portfolio performance. Rather, the Stochastic Frontier Analysis approach is used to econometrically determine the benchmark real estate portfolio frontier and subsequently assess the gains from diversifying real estate portfolios along regional and sectoral dimensions in the UK. Portfolio specific inefficiency measures are obtained which indicate whether a portfolio is efficiently diversified and therefore places on the benchmark frontier and if not, the degree to which performance can be improved is quantified. Portfolio specific efficiencies average at 85%-91%, indicating scope to further improve performance. Further, diversification be it on a sectoral or regio...
This paper presents a simple method to measure the effect of sector and regional factors in real est...
Purpose: We investigate the performance of different portfolios of REITs which specialise by propert...
This thesis examines the potential benefits of diversification in real estate. By calculating a set ...
This paper departs from the traditional optimisation methods used to evaluate portfolio performance....
The file attached to this record is the author's final peer reviewed version. The Publisher's final ...
The question as to whether it is better to diversify a real estate portfolio within a property type ...
This paper re-examines whether it is more advantageous in terms of risk reduction to diversify by se...
This paper compares the effectiveness of different property portfolio diversification strat- egies u...
This paper investigates the potential benefits and limitations of equal and value-weighted diversifi...
This paper re-examines whether it is more advantageous in terms of risk reduction to diversify by se...
This article investigates whether investing in alternative investment media provides statistically s...
A number of studies have investigated the benefits of sector versus regional diversification within ...
This paper identified and examined the possible impacts of portfolio diversification strategy on the...
A research report submitted to the University of the Witwatersrand, Faculty of Engineering and the B...
In this paper, we study the international and sectoral diversification potential in real estate port...
This paper presents a simple method to measure the effect of sector and regional factors in real est...
Purpose: We investigate the performance of different portfolios of REITs which specialise by propert...
This thesis examines the potential benefits of diversification in real estate. By calculating a set ...
This paper departs from the traditional optimisation methods used to evaluate portfolio performance....
The file attached to this record is the author's final peer reviewed version. The Publisher's final ...
The question as to whether it is better to diversify a real estate portfolio within a property type ...
This paper re-examines whether it is more advantageous in terms of risk reduction to diversify by se...
This paper compares the effectiveness of different property portfolio diversification strat- egies u...
This paper investigates the potential benefits and limitations of equal and value-weighted diversifi...
This paper re-examines whether it is more advantageous in terms of risk reduction to diversify by se...
This article investigates whether investing in alternative investment media provides statistically s...
A number of studies have investigated the benefits of sector versus regional diversification within ...
This paper identified and examined the possible impacts of portfolio diversification strategy on the...
A research report submitted to the University of the Witwatersrand, Faculty of Engineering and the B...
In this paper, we study the international and sectoral diversification potential in real estate port...
This paper presents a simple method to measure the effect of sector and regional factors in real est...
Purpose: We investigate the performance of different portfolios of REITs which specialise by propert...
This thesis examines the potential benefits of diversification in real estate. By calculating a set ...