{"id":"https://openalex.org/W24278051","doi":"https://doi.org/10.1080/10835547.2016.12091458","title":"Macroeconomic and Financial Determinants of Comovement across Global Real Estate Security Markets","display_name":"Macroeconomic and Financial Determinants of Comovement across Global Real Estate Security Markets","publication_year":2016,"publication_date":"2016-10-01","ids":{"openalex":"https://openalex.org/W24278051","doi":"https://doi.org/10.1080/10835547.2016.12091458","mag":"24278051"},"language":"en","primary_location":{"id":"doi:10.1080/10835547.2016.12091458","doi":"https://doi.org/10.1080/10835547.2016.12091458","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10835547.2016.12091458","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":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5015187950","display_name":"Simon Stevenson","orcid":"https://orcid.org/0000-0001-7090-5938","observed_orcids":["https://orcid.org/0000-0001-7090-5938"]},"institutions":[{"id":"https://openalex.org/I71052956","display_name":"University of Reading","ror":"https://ror.org/05v62cm79","country_code":"GB","type":"education","lineage":["https://openalex.org/I71052956"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Simon Stevenson","raw_affiliation_strings":["University of Reading,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Reading,","institution_ids":["https://openalex.org/I71052956"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5015187950"],"corresponding_institution_ids":["https://openalex.org/I71052956"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.00060413,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":93,"max":97},"biblio":{"volume":"38","issue":"4","first_page":"595","last_page":"624"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9735999703407288,"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":0.9735999703407288,"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":0.013299999758601189,"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":0.006599999964237213,"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/co-movement","display_name":"co-movement","score":0.7099999785423279},{"id":"https://openalex.org/keywords/conditional-correlation","display_name":"conditional correlation","score":0.7139999866485596},{"id":"https://openalex.org/keywords/macroeconomic-factors","display_name":"macroeconomic factors","score":0.7310000061988831},{"id":"https://openalex.org/keywords/financial-determinants","display_name":"financial determinants","score":0.9729999899864197},{"id":"https://openalex.org/keywords/volatility","display_name":"volatility","score":0.3840000033378601},{"id":"https://openalex.org/keywords/trading-turnover","display_name":"trading turnover","score":0.8270000219345093},{"id":"https://openalex.org/keywords/international-stock-markets","display_name":"international stock markets","score":0.6769999861717224},{"id":"https://openalex.org/keywords/listed-real-estate","display_name":"listed real estate","score":0.6200000047683716},{"id":"https://openalex.org/keywords/diversification","display_name":"diversification","score":0.7250000238418579},{"id":"https://openalex.org/keywords/contagion","display_name":"contagion","score":0.7739999890327454}],"concepts":[{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.7620111703872681},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6102522611618042},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5807129144668579},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.568354070186615},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.5571973919868469},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5568211078643799},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.549135148525238},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.45784515142440796},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4406624734401703},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.377369225025177},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3035452961921692},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3001282513141632},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1080/10835547.2016.12091458","doi":"https://doi.org/10.1080/10835547.2016.12091458","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10835547.2016.12091458","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:centaur.reading.ac.uk:32472","doi":null,"is_oa":false,"landing_page_url":"http://centaur.reading.ac.uk/32472/1/wp0713.pdf","pdf_url":"http://centaur.reading.ac.uk/32472/1/wp0713.pdf","source":{"id":"https://openalex.org/S4306402273","display_name":"CentAUR (University of Reading)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I71052956","host_organization_name":"University of Reading","host_organization_lineage":["https://openalex.org/I71052956"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"Report"},{"id":"pmh:oai:RePEc:jre:issued:v:38:n:4:2016:p:595_624","doi":null,"is_oa":false,"landing_page_url":"http://pages.jh.edu/jrer/papers/pdf/past/vol38n04/9867-05.595_624.pdf","pdf_url":"http://pages.jh.edu/jrer/papers/pdf/past/vol38n04/9867-05.595_624.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:RePEc:taf:rjerxx:v:38:y:2016:i:4:p:595-624","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/10835547.2016.12091458","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":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":79,"referenced_works":["https://openalex.org/W563811051","https://openalex.org/W1541832590","https://openalex.org/W1574326001","https://openalex.org/W1579646989","https://openalex.org/W1582268519","https://openalex.org/W1653179497","https://openalex.org/W1727659491","https://openalex.org/W1879869234","https://openalex.org/W1972021696","https://openalex.org/W1972162491","https://openalex.org/W1977787722","https://openalex.org/W1986085194","https://openalex.org/W1990928740","https://openalex.org/W1992743974","https://openalex.org/W2005961387","https://openalex.org/W2005966154","https://openalex.org/W2011637463","https://openalex.org/W2015956198","https://openalex.org/W2016971986","https://openalex.org/W2022709538","https://openalex.org/W2028738662","https://openalex.org/W2036666618","https://openalex.org/W2038341664","https://openalex.org/W2049830183","https://openalex.org/W2051117064","https://openalex.org/W2051992491","https://openalex.org/W2058380915","https://openalex.org/W2068123843","https://openalex.org/W2072090714","https://openalex.org/W2078140895","https://openalex.org/W2081175971","https://openalex.org/W2081353638","https://openalex.org/W2089765119","https://openalex.org/W2100976425","https://openalex.org/W2106988883","https://openalex.org/W2123188811","https://openalex.org/W2126450706","https://openalex.org/W2137034394","https://openalex.org/W2138064960","https://openalex.org/W2145018219","https://openalex.org/W2146399683","https://openalex.org/W2154576982","https://openalex.org/W2155441609","https://openalex.org/W2155847396","https://openalex.org/W2162938836","https://openalex.org/W2163535592","https://openalex.org/W2165145231","https://openalex.org/W2165714389","https://openalex.org/W2167638794","https://openalex.org/W2890231723","https://openalex.org/W2890725500","https://openalex.org/W2891540749","https://openalex.org/W3021709961","https://openalex.org/W3023543722","https://openalex.org/W3023758731","https://openalex.org/W3024113314","https://openalex.org/W3089136439","https://openalex.org/W3094392984","https://openalex.org/W3121164101","https://openalex.org/W3121167817","https://openalex.org/W3121878880","https://openalex.org/W3121920439","https://openalex.org/W3122450382","https://openalex.org/W3123226880","https://openalex.org/W3123289511","https://openalex.org/W3123534221","https://openalex.org/W3123610639","https://openalex.org/W3123683947","https://openalex.org/W3123737450","https://openalex.org/W3123880606","https://openalex.org/W3124288595","https://openalex.org/W3124437711","https://openalex.org/W3124949184","https://openalex.org/W3125033757","https://openalex.org/W3125146190","https://openalex.org/W3125349010","https://openalex.org/W3125611017","https://openalex.org/W3125663626","https://openalex.org/W3125986434"],"related_works":["https://openalex.org/W1562569463","https://openalex.org/W3125265658","https://openalex.org/W2123188811","https://openalex.org/W2110036065","https://openalex.org/W2107920897","https://openalex.org/W3121503689","https://openalex.org/W2257956936","https://openalex.org/W2040939134","https://openalex.org/W2085953589","https://openalex.org/W2561626750"],"abstract_inverted_index":{"While":[0],"there":[1,18],"is":[2,19],"a":[3,21],"large":[4],"literature":[5],"on":[6,26],"both":[7,33],"diversification":[8],"and":[9,35,49,81],"contagion":[10],"issues":[11],"across":[12,44,119],"global":[13,53,127],"listed":[14,45,120],"real":[15,46,78,121],"estate":[16,47,79,122],"markets,":[17],"only":[20],"limited":[22],"amount":[23],"of":[24,29,76,92,101],"research":[25],"the":[27,52,65,68,73,77,90,96,99,105,116,126],"drivers":[28],"correlation":[30,117],"dynamics.":[31],"Using":[32],"local":[34],"U.S.":[36],"dollar":[37],"denominated":[38],"returns,":[39],"I":[40],"model":[41],"conditional":[42],"correlations":[43],"sectors":[48],"also":[50,110],"with":[51,67,125],"stock":[54,128],"market.":[55,129],"The":[56,108],"empirical":[57],"results":[58,97,109],"show":[59],"that":[60],"financial":[61],"factors,":[62],"such":[63],"as":[64],"relation":[66],"respective":[69],"equity":[70],"market,":[71],"volatility,":[72],"relative":[74],"size":[75],"sector,":[80],"trading":[82],"turnover":[83],"all":[84],"play":[85],"an":[86],"important":[87],"role":[88],"in":[89,104],"degree":[91],"comovement":[93],"present.":[94],"Furthermore,":[95],"highlight":[98,111],"importance":[100],"macroeconomic":[102],"variables":[103],"relations":[106],"observed.":[107],"key":[112],"differences":[113],"when":[114],"considering":[115],"dynamics":[118],"markets":[123],"or":[124]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":4}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}