{"id":"https://openalex.org/W2258949067","doi":"https://doi.org/10.1080/10835547.2013.12091356","title":"Structuring global Property Portfolios: A Cointegration Approach","display_name":"Structuring global Property Portfolios: A Cointegration Approach","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2258949067","doi":"https://doi.org/10.1080/10835547.2013.12091356","mag":"2258949067"},"language":"en","primary_location":{"id":"doi:10.1080/10835547.2013.12091356","doi":"https://doi.org/10.1080/10835547.2013.12091356","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10835547.2013.12091356","pdf_url":null,"source":{"id":"https://openalex.org/S52721111","display_name":"Journal of Real Estate Research","issn_l":"0896-5803","issn":["0896-5803","2691-1175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Real Estate Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2236254_code721772.pdf?abstractid=2236254&mirid=1","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003692418","display_name":"John G. Gallo","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I126307644","display_name":"University of Iowa","ror":"https://ror.org/036jqmy94","country_code":"US","type":"education","lineage":["https://openalex.org/I126307644"]},{"id":"https://openalex.org/I189196454","display_name":"The University of Texas at Arlington","ror":"https://ror.org/019kgqr73","country_code":"US","type":"education","lineage":["https://openalex.org/I189196454"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John Gallo","raw_affiliation_strings":["University of Iowa, Iowa City, IA 52242","University of Texas at Arlington - Department of Finance and Real Estate"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Iowa, Iowa City, IA 52242","institution_ids":["https://openalex.org/I126307644"]},{"raw_affiliation_string":"University of Texas at Arlington - Department of Finance and Real Estate","institution_ids":["https://openalex.org/I189196454"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5006913277","display_name":"Larry J. Lockwood","orcid":"https://orcid.org/0000-0003-3491-6212","observed_orcids":["https://orcid.org/0000-0003-3491-6212"]},"institutions":[{"id":"https://openalex.org/I128956969","display_name":"Texas Christian University","ror":"https://ror.org/054b0b564","country_code":"US","type":"education","lineage":["https://openalex.org/I128956969"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Larry Lockwood","raw_affiliation_strings":["Texas Christian University, Fort Worth, TX 76129","Texas Christian University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Texas Christian University, Fort Worth, TX 76129","institution_ids":["https://openalex.org/I128956969"]},{"raw_affiliation_string":"Texas Christian University","institution_ids":["https://openalex.org/I128956969"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100386058","display_name":"Ying Zhang","orcid":"https://orcid.org/0000-0001-9355-0148","observed_orcids":["https://orcid.org/0000-0001-9355-0148"]},"institutions":[{"id":"https://openalex.org/I126350171","display_name":"Fairfield University","ror":"https://ror.org/04z49n283","country_code":"US","type":"education","lineage":["https://openalex.org/I126350171"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ying Zhang","raw_affiliation_strings":["Fairfield University, Fairfield, CT 06824","Fairfield University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Fairfield University, Fairfield, CT 06824","institution_ids":["https://openalex.org/I126350171"]},{"raw_affiliation_string":"Fairfield University","institution_ids":["https://openalex.org/I126350171"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":5.5058,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.95580374,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"35","issue":"1","first_page":"53","last_page":"82"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5702999830245972,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.5702999830245972,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.20679999887943268,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.15119999647140503,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.7829999923706055},{"id":"https://openalex.org/keywords/portfolio-diversification","display_name":"portfolio diversification","score":0.828000009059906},{"id":"https://openalex.org/keywords/long-term-trends","display_name":"long-term trends","score":0.5239999890327454},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"portfolio optimization","score":0.5199999809265137},{"id":"https://openalex.org/keywords/mean-variance-optimization","display_name":"mean-variance optimization","score":0.875},{"id":"https://openalex.org/keywords/institutional-investors","display_name":"institutional investors","score":0.8479999899864197},{"id":"https://openalex.org/keywords/asset-allocation","display_name":"asset allocation","score":0.5540000200271606}],"concepts":[{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.8882429599761963},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.7503743171691895},{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.6376975774765015},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5965954065322876},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5925408601760864},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.48702317476272583},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17367300391197205}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1080/10835547.2013.12091356","doi":"https://doi.org/10.1080/10835547.2013.12091356","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10835547.2013.12091356","pdf_url":null,"source":{"id":"https://openalex.org/S52721111","display_name":"Journal of Real Estate Research","issn_l":"0896-5803","issn":["0896-5803","2691-1175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Real Estate Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:jre:issued:v:35:n:1:2013:p:53-82","doi":null,"is_oa":false,"landing_page_url":"http://pages.jh.edu/jrer/papers/pdf/past/vol35n01/03.53_82.pdf","pdf_url":"http://pages.jh.edu/jrer/papers/pdf/past/vol35n01/03.53_82.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.610.1665","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.610.1665","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.ccfr.org.cn/cicf2010/papers/20100513073610.pdf","raw_type":"text"},{"id":"mag:2258949067","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2236254_code721772.pdf?abstractid=2236254&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:taf:rjerxx:v:35:y:2013:i:1:p:53-82","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/10835547.2013.12091356","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"mag:2258949067","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2236254_code721772.pdf?abstractid=2236254&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":81,"referenced_works":["https://openalex.org/W75824005","https://openalex.org/W1181518223","https://openalex.org/W1490956367","https://openalex.org/W1518103200","https://openalex.org/W1527451752","https://openalex.org/W1535189846","https://openalex.org/W1549168714","https://openalex.org/W1561852840","https://openalex.org/W1570321333","https://openalex.org/W1581011454","https://openalex.org/W1582268519","https://openalex.org/W1585115124","https://openalex.org/W1587141723","https://openalex.org/W1588163064","https://openalex.org/W1592086205","https://openalex.org/W1608702860","https://openalex.org/W1909671368","https://openalex.org/W1966464126","https://openalex.org/W1968753909","https://openalex.org/W1975201751","https://openalex.org/W1975226499","https://openalex.org/W1975776930","https://openalex.org/W1980993277","https://openalex.org/W1995834279","https://openalex.org/W2000564471","https://openalex.org/W2004021760","https://openalex.org/W2021194260","https://openalex.org/W2022462182","https://openalex.org/W2029017226","https://openalex.org/W2029382038","https://openalex.org/W2030879879","https://openalex.org/W2032049683","https://openalex.org/W2032566659","https://openalex.org/W2034707435","https://openalex.org/W2035293670","https://openalex.org/W2040330956","https://openalex.org/W2047787463","https://openalex.org/W2048284609","https://openalex.org/W2052391699","https://openalex.org/W2060210686","https://openalex.org/W2065747393","https://openalex.org/W2066357778","https://openalex.org/W2067820163","https://openalex.org/W2068284722","https://openalex.org/W2075224224","https://openalex.org/W2083648255","https://openalex.org/W2087445659","https://openalex.org/W2093813869","https://openalex.org/W2095364399","https://openalex.org/W2097580026","https://openalex.org/W2100846312","https://openalex.org/W2102955435","https://openalex.org/W2103311280","https://openalex.org/W2108783713","https://openalex.org/W2110603299","https://openalex.org/W2122948126","https://openalex.org/W2133641513","https://openalex.org/W2135892621","https://openalex.org/W2140093221","https://openalex.org/W2140421383","https://openalex.org/W2142791183","https://openalex.org/W2149730447","https://openalex.org/W2151352599","https://openalex.org/W2153562738","https://openalex.org/W2163535592","https://openalex.org/W2167638794","https://openalex.org/W2185772455","https://openalex.org/W2241878930","https://openalex.org/W2285153971","https://openalex.org/W2293235872","https://openalex.org/W2336039855","https://openalex.org/W3021268329","https://openalex.org/W3021709961","https://openalex.org/W3122311863","https://openalex.org/W3123166123","https://openalex.org/W3123226880","https://openalex.org/W3123849268","https://openalex.org/W3124094609","https://openalex.org/W3124662040","https://openalex.org/W3125427822","https://openalex.org/W4231221769"],"related_works":["https://openalex.org/W2066357778","https://openalex.org/W7097725174","https://openalex.org/W2021194260","https://openalex.org/W1568672248","https://openalex.org/W2199223306","https://openalex.org/W4240586622","https://openalex.org/W2010062852","https://openalex.org/W7111201117","https://openalex.org/W93259331","https://openalex.org/W4389995458"],"abstract_inverted_index":{"We":[0],"create":[1],"globally":[2],"diversified":[3],"real":[4,91],"estate":[5,92],"portfolios":[6,47],"using":[7],"cointegration":[8],"methods":[9],"over":[10,63],"1992-2009.":[11],"Cointegration":[12],"is":[13],"robust":[14],"to":[15,36],"intertemporal":[16],"correlation":[17],"instability,":[18],"identifies":[19,29],"markets":[20,31],"that":[21,32],"share":[22],"common":[23],"factors":[24],"and":[25,28,67,82,89],"long-term":[26],"trends,":[27],"leading":[30],"do":[33],"not":[34],"respond":[35],"deviations":[37],"from":[38],"equilibrium":[39],"within":[40],"each":[41],"cointegrated":[42],"region.":[43],"Our":[44],"cointegrationinspired":[45],"model":[46],"outperform":[48],"the":[49,75],"mean-variance":[50],"optimized":[51],"portfolio":[52,80,93],"by":[53],"575-725":[54],"basis":[55],"points":[56],"annually.":[57],"Differences":[58],"in":[59],"performance":[60],"remain":[61],"significant":[62],"separate":[64],"time":[65],"periods,":[66],"after":[68],"controlling":[69],"for":[70,86],"various":[71],"risk":[72],"factors.":[73],"Collectively,":[74],"results":[76],"help":[77],"clarify":[78],"property":[79],"selection":[81],"allocation":[83],"policy":[84],"vital":[85],"institutional":[87],"investors":[88],"global":[90],"managers.":[94]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}
