{"id":"https://openalex.org/W2410170186","doi":"https://doi.org/10.1007/s10368-016-0349-z","title":"A multivariate analysis of United States and global real estate investment trusts","display_name":"A multivariate analysis of United States and global real estate investment trusts","publication_year":2016,"publication_date":"2016-06-02","ids":{"openalex":"https://openalex.org/W2410170186","doi":"https://doi.org/10.1007/s10368-016-0349-z","mag":"2410170186"},"language":"en","primary_location":{"id":"doi:10.1007/s10368-016-0349-z","doi":"https://doi.org/10.1007/s10368-016-0349-z","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10368-016-0349-z","pdf_url":"https://link.springer.com/content/pdf/10.1007%2Fs10368-016-0349-z.pdf","source":{"id":"https://openalex.org/S5486590","display_name":"International Economics and Economic Policy","issn_l":"1612-4804","issn":["1612-4804","1612-4812"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Economics and Economic Policy","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007%2Fs10368-016-0349-z.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066959858","display_name":"Kyriaki Begiazi","orcid":"https://orcid.org/0000-0003-2178-6615","observed_orcids":["https://orcid.org/0000-0003-2178-6615"]},"institutions":[{"id":"https://openalex.org/I231025917","display_name":"Hellenic Open University","ror":"https://ror.org/02kq26x23","country_code":"GR","type":"education","lineage":["https://openalex.org/I231025917"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"Kyriaki Begiazi","raw_affiliation_strings":["School of Social Sciences, Hellenic Open University, Patras, Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Social Sciences, Hellenic Open University, Patras, Greece","institution_ids":["https://openalex.org/I231025917"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5024242748","display_name":"Dimitrios Asteriou","orcid":"https://orcid.org/0000-0001-7640-6507","observed_orcids":["https://orcid.org/0000-0001-7640-6507"]},"institutions":[{"id":"https://openalex.org/I124261462","display_name":"Oxford Brookes University","ror":"https://ror.org/04v2twj65","country_code":"GB","type":"education","lineage":["https://openalex.org/I124261462"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Dimitrios Asteriou","raw_affiliation_strings":["Department of Accounting , Finance and Economics, Oxford Brookes University, Oxford, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting , Finance and Economics, Oxford Brookes University, Oxford, UK","institution_ids":["https://openalex.org/I124261462"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5046644947","display_name":"Keith P\u0131lbeam","orcid":"https://orcid.org/0000-0002-5609-8620","observed_orcids":["https://orcid.org/0000-0002-5609-8620"]},"institutions":[{"id":"https://openalex.org/I180825142","display_name":"City, University of London","ror":"https://ror.org/04489at23","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I180825142","https://openalex.org/I4401726869"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Keith Pilbeam","raw_affiliation_strings":["City University London, London, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"City University London, London, UK","institution_ids":["https://openalex.org/I180825142"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5046644947"],"corresponding_institution_ids":["https://openalex.org/I180825142"],"apc_list":{"value":3190,"currency":"USD","value_usd":3190},"apc_paid":{"value":3190,"currency":"USD","value_usd":3190},"fwci":2.5489,"has_fulltext":true,"cited_by_count":16,"citation_normalized_percentile":{"value":0.90018307,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"13","issue":"3","first_page":"467","last_page":"482"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9990000128746033,"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/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9990000128746033,"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/T11059","display_name":"Market Dynamics and Volatility","score":0.000699999975040555,"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"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":9.999999747378752e-05,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/real-estate-investment-trusts","display_name":"real estate investment trusts","score":0.9869999885559082},{"id":"https://openalex.org/keywords/volatility-spillovers","display_name":"volatility spillovers","score":0.9679999947547913},{"id":"https://openalex.org/keywords/asia-pacific-region","display_name":"Asia-Pacific region","score":0.5799999833106995},{"id":"https://openalex.org/keywords/americas","display_name":"Americas","score":0.9100000262260437},{"id":"https://openalex.org/keywords/europe","display_name":"Europe","score":0.9869999885559082},{"id":"https://openalex.org/keywords/dynamic-correlation","display_name":"dynamic correlation","score":0.8320000171661377},{"id":"https://openalex.org/keywords/asset-allocation","display_name":"asset allocation","score":0.8569999933242798}],"concepts":[{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.8066858053207397},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.721431314945221},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5509291887283325},{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.539076566696167},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5026118755340576},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4969842731952667},{"id":"https://openalex.org/C23922673","wikidata":"https://www.wikidata.org/wiki/Q180752","display_name":"Autoregressive conditional heteroskedasticity","level":3,"score":0.47092217206954956},{"id":"https://openalex.org/C3018858268","wikidata":"https://www.wikidata.org/wiki/Q1070940","display_name":"Asia pacific","level":2,"score":0.4400438964366913},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.38338136672973633},{"id":"https://openalex.org/C26271046","wikidata":"https://www.wikidata.org/wiki/Q187097","display_name":"Economic geography","level":1,"score":0.3289252817630768},{"id":"https://openalex.org/C155202549","wikidata":"https://www.wikidata.org/wiki/Q178803","display_name":"International trade","level":1,"score":0.251944899559021},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2208775281906128}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1007/s10368-016-0349-z","doi":"https://doi.org/10.1007/s10368-016-0349-z","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10368-016-0349-z","pdf_url":"https://link.springer.com/content/pdf/10.1007%2Fs10368-016-0349-z.pdf","source":{"id":"https://openalex.org/S5486590","display_name":"International Economics and Economic Policy","issn_l":"1612-4804","issn":["1612-4804","1612-4812"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Economics and Economic Policy","raw_type":"journal-article"},{"id":"pmh:oai:openaccess.city.ac.uk:7936","doi":null,"is_oa":true,"landing_page_url":"https://openaccess.city.ac.uk/view/creators_id/k=2Es=2Epilbeam.html>","pdf_url":"https://openaccess.city.ac.uk/id/eprint/7936/6/art%253A10.1007%252Fs10368-016-0349-z.pdf","source":{"id":"https://openalex.org/S4306401940","display_name":"City Research Online (City University London)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I180825142","host_organization_name":"City, University of London","host_organization_lineage":["https://openalex.org/I180825142"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:RePEc:kap:iecepo:v:13:y:2016:i:3:d:10.1007_s10368-016-0349-z","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s10368-016-0349-z","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"},{"id":"pmh:tle:5378d12f-3b05-45b8-8923-dd0920b729ce:b4ef9587-4603-18f8-a471-bb20511f0ad9:1","doi":null,"is_oa":true,"landing_page_url":"https://radar.brookes.ac.uk/radar/items/5378d12f-3b05-45b8-8923-dd0920b729ce/1","pdf_url":null,"source":{"id":"https://openalex.org/S4306400541","display_name":"Radar (Oxford Brookes University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I124261462","host_organization_name":"Oxford Brookes University","host_organization_lineage":["https://openalex.org/I124261462"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Economics and Economic Policy","raw_type":"Journal Article/Review"}],"best_oa_location":{"id":"doi:10.1007/s10368-016-0349-z","doi":"https://doi.org/10.1007/s10368-016-0349-z","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10368-016-0349-z","pdf_url":"https://link.springer.com/content/pdf/10.1007%2Fs10368-016-0349-z.pdf","source":{"id":"https://openalex.org/S5486590","display_name":"International Economics and Economic Policy","issn_l":"1612-4804","issn":["1612-4804","1612-4812"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Economics and Economic Policy","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320318294","display_name":"University of Macedonia","ror":"https://ror.org/05fg6gr82"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2410170186.pdf","grobid_xml":"https://content.openalex.org/works/W2410170186.grobid-xml"},"referenced_works_count":27,"referenced_works":["https://openalex.org/W1567579011","https://openalex.org/W1581011454","https://openalex.org/W1582194935","https://openalex.org/W1727659491","https://openalex.org/W1977480757","https://openalex.org/W1977787722","https://openalex.org/W1978034472","https://openalex.org/W1979575715","https://openalex.org/W1990475559","https://openalex.org/W2004362672","https://openalex.org/W2019222635","https://openalex.org/W2021652673","https://openalex.org/W2060481715","https://openalex.org/W2063593194","https://openalex.org/W2064646552","https://openalex.org/W2082296583","https://openalex.org/W2094959103","https://openalex.org/W2108288185","https://openalex.org/W2123188811","https://openalex.org/W2158820974","https://openalex.org/W2162335029","https://openalex.org/W2168204782","https://openalex.org/W2173053487","https://openalex.org/W3121850481","https://openalex.org/W3122088046","https://openalex.org/W3124094609","https://openalex.org/W4250628534"],"related_works":["https://openalex.org/W2579914622","https://openalex.org/W2085953589","https://openalex.org/W2911547832","https://openalex.org/W2900693741","https://openalex.org/W1999829592","https://openalex.org/W2983291865","https://openalex.org/W3033288536","https://openalex.org/W2158820974","https://openalex.org/W7128437005","https://openalex.org/W2139346011"],"abstract_inverted_index":{"Using":[0],"daily":[1],"data":[2],"for":[3],"the":[4,13,19,30,34,39,42,57,69,73,75,84,93,115],"period":[5],"February":[6],"2006":[7],"to":[8,104],"July":[9],"2013":[10],"we":[11,62],"examine":[12],"return":[14],"and":[15,26,33,41,72,78,87,100,109],"volatility":[16,54,66,108],"linkages":[17,28],"between":[18,29,56,68,83],"two":[20],"main":[21],"United":[22,85],"States":[23,86],"REIT":[24,94],"sub-sectors":[25],"global":[27],"Americas,":[31,74],"Europe":[32,79],"Asia":[35,70,76],"Pacific":[36,71,77],"regions":[37,113],"using":[38],"BEKK-GARCH":[40],"DCC-GARCH":[43],"models.":[44],"We":[45],"find":[46,63],"that":[47,92,101],"there":[48],"is":[49,96],"no":[50,81],"evidence":[51,64],"of":[52,65,114],"any":[53],"spillovers":[55,67,82],"US":[58],"sub-sectors.":[59],"By":[60],"contrast,":[61],"but":[80],"Europe.":[88],"Our":[89],"results":[90],"suggest":[91],"market":[95],"becoming":[97],"increasingly":[98],"globalized":[99],"investors":[102],"need":[103],"consider":[105],"time":[106],"varying":[107],"correlations":[110],"across":[111],"different":[112],"world":[116],"when":[117],"forming":[118],"their":[119],"optimal":[120],"portfolio-allocations.":[121]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}