Real estate and stock returns are indeed correlated: evidence from Hong Kong micro data.

by Chan Tsun Kit.Thesis (M.Phil.)--Chinese University of Hong Kong, 1999.Includes bibliographical references (leaves 64-67).Abstracts in English and Chinese.Abstract --- p.iAcknowledgments --- p.iiiTable of Contents --- p.ivList of Tables --- p.viList of Figures --- p.viiList of Appendices --- p.viiiChapter Chapter 1. --- Introduction --- p.1Chapter Chapter 2. --- Background --- p.4Chapter 2.1 --- The Importance of Real Estate Sector --- p.4Chapter 2.1.1 --- Employment Sector --- p.5Chapter 2.1.2 --- Investment Sector --- p.5Chapter 2.1.3 --- Banking Sector --- p.6Chapter 2.1.4 --- Government Sector --- p.6Chapter 2.2 --- Characteristics of the Real Estate Market --- p.7Chapter 2.3 --- Price Movement --- p.10Chapter 2.4 --- Major Developer --- p.13Chapter 2.4.1 --- Sun Hung Kai Properties --- p.15Chapter 2.5 --- Contribution of Real Estate Sector on Stock Market --- p.16Chapter 2.6 --- Connection between Real Estate and Stock Market --- p.17Chapter Chapter 3. --- Literature Review --- p.19Chapter Chapter 4. --- Methodology --- p.24Chapter 4.1 --- The Model --- p.24Chapter 4.2 --- Variables Used --- p.27Chapter 4.3 --- Sources of Data --- p.29Chapter Chapter 5. --- Empirical Findings --- p.30Chapter Chapter 6. --- Implication --- p.33Chapter Chapter 7. --- Limitation --- p.35Chapter Chapter 8. --- Conclusion --- p.37Tables --- p.39Figures --- p.48Appendices --- p.50Bibliography --- p.6