{"id":"https://openalex.org/W68214482","doi":"https://doi.org/10.1007/s00181-015-1037-5","title":"Real estate returns predictability revisited: novel evidence from the US REITs market","display_name":"Real estate returns predictability revisited: novel evidence from the US REITs market","publication_year":2016,"publication_date":"2016-02-03","ids":{"openalex":"https://openalex.org/W68214482","doi":"https://doi.org/10.1007/s00181-015-1037-5","mag":"68214482"},"language":"en","primary_location":{"id":"doi:10.1007/s00181-015-1037-5","doi":"https://doi.org/10.1007/s00181-015-1037-5","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00181-015-1037-5","pdf_url":null,"source":{"id":"https://openalex.org/S178258306","display_name":"Empirical Economics","issn_l":"0377-7332","issn":["0377-7332","1435-8921"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","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":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Empirical Economics","raw_type":"journal-article"},"volume":null,"type":"article","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/A5073839355","display_name":"Omokolade Akinsomi","orcid":"https://orcid.org/0000-0002-0745-043X","observed_orcids":["https://orcid.org/0000-0002-0745-043X"]},"institutions":[{"id":"https://openalex.org/I192619145","display_name":"University of the Witwatersrand","ror":"https://ror.org/03rp50x72","country_code":"ZA","type":"education","lineage":["https://openalex.org/I192619145"]}],"countries":["ZA"],"is_corresponding":true,"raw_author_name":"Omokolade Akinsomi","raw_affiliation_strings":["School of Construction Economics and Management, University of Witwatersrand, Johannesburg, South Africa","university of witwatersrand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Construction Economics and Management, University of Witwatersrand, Johannesburg, South Africa","institution_ids":["https://openalex.org/I192619145"]},{"raw_affiliation_string":"university of witwatersrand","institution_ids":["https://openalex.org/I192619145"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5069490299","display_name":"Goodness C. Aye","orcid":"https://orcid.org/0000-0001-8696-7826","observed_orcids":["https://orcid.org/0000-0001-8696-7826"]},"institutions":[{"id":"https://openalex.org/I69552723","display_name":"University of Pretoria","ror":"https://ror.org/00g0p6g84","country_code":"ZA","type":"education","lineage":["https://openalex.org/I69552723"]}],"countries":["ZA"],"is_corresponding":true,"raw_author_name":"Goodness C. Aye","raw_affiliation_strings":["Department of Economics, University of Pretoria, Pretoria, South Africa","University of Pretoria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, University of Pretoria, Pretoria, South Africa","institution_ids":["https://openalex.org/I69552723"]},{"raw_affiliation_string":"University of Pretoria","institution_ids":["https://openalex.org/I69552723"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5068668811","display_name":"Vassilios Babalos","orcid":"https://orcid.org/0000-0002-2633-7985","observed_orcids":["https://orcid.org/0000-0002-2633-7985"]},"institutions":[{"id":"https://openalex.org/I154757721","display_name":"University of Piraeus","ror":"https://ror.org/02qs84g94","country_code":"GR","type":"education","lineage":["https://openalex.org/I154757721"]},{"id":"https://openalex.org/I2802303737","display_name":"Technological Educational Institute of Peloponnese","ror":"https://ror.org/04c691616","country_code":"GR","type":"education","lineage":["https://openalex.org/I158716096","https://openalex.org/I2802303737"]}],"countries":["GR"],"is_corresponding":true,"raw_author_name":"Vassilios Babalos","raw_affiliation_strings":["Department of Accounting and Finance, Technological Educational Institute of Peloponnese, Kalamata, Greece","Department of Banking and Financial Management, University of Piraeus, Piraeus, Greece","Technological Educational Institute of Peloponnese","University of Piraeus"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, Technological Educational Institute of Peloponnese, Kalamata, Greece","institution_ids":["https://openalex.org/I2802303737"]},{"raw_affiliation_string":"Department of Banking and Financial Management, University of Piraeus, Piraeus, Greece","institution_ids":["https://openalex.org/I154757721"]},{"raw_affiliation_string":"Technological Educational Institute of Peloponnese","institution_ids":["https://openalex.org/I2802303737"]},{"raw_affiliation_string":"University of Piraeus","institution_ids":["https://openalex.org/I154757721"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5014944369","display_name":"Fotini Economou","orcid":"https://orcid.org/0000-0002-2632-5909","observed_orcids":["https://orcid.org/0000-0002-2632-5909"]},"institutions":[{"id":"https://openalex.org/I2801439107","display_name":"Centre for Planning and Economic Research","ror":"https://ror.org/057pnws69","country_code":"GR","type":"facility","lineage":["https://openalex.org/I2801439107"]}],"countries":["GR"],"is_corresponding":true,"raw_author_name":"Fotini Economou","raw_affiliation_strings":["Centre of Planning and Economic Research, Athens, Greece","Centre of Planning and Economic Research"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre of Planning and Economic Research, Athens, Greece","institution_ids":["https://openalex.org/I2801439107"]},{"raw_affiliation_string":"Centre of Planning and Economic Research","institution_ids":["https://openalex.org/I2801439107"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5015669404","display_name":"Rangan Gupta","orcid":"https://orcid.org/0000-0001-5002-3428","observed_orcids":["https://orcid.org/0000-0001-5002-3428","https://orcid.org/0000-0001-8164-135X"]},"institutions":[{"id":"https://openalex.org/I69552723","display_name":"University of Pretoria","ror":"https://ror.org/00g0p6g84","country_code":"ZA","type":"education","lineage":["https://openalex.org/I69552723"]}],"countries":["ZA"],"is_corresponding":true,"raw_author_name":"Rangan Gupta","raw_affiliation_strings":["Department of Economics, University of Pretoria, Pretoria, South Africa","University of Pretoria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, University of Pretoria, Pretoria, South Africa","institution_ids":["https://openalex.org/I69552723"]},{"raw_affiliation_string":"University of Pretoria","institution_ids":["https://openalex.org/I69552723"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5014944369","https://openalex.org/A5015669404","https://openalex.org/A5068668811","https://openalex.org/A5069490299","https://openalex.org/A5073839355"],"corresponding_institution_ids":["https://openalex.org/I154757721","https://openalex.org/I192619145","https://openalex.org/I2801439107","https://openalex.org/I2802303737","https://openalex.org/I69552723"],"apc_list":{"value":3490,"currency":"USD","value_usd":3490},"apc_paid":null,"fwci":6.6929,"has_fulltext":false,"cited_by_count":44,"citation_normalized_percentile":{"value":0.96053257,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"51","issue":"3","first_page":"1165","last_page":"1190"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9976000189781189,"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":0.9976000189781189,"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/T11326","display_name":"Stock Market Forecasting Methods","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0003000000142492354,"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":0.8669999837875366},{"id":"https://openalex.org/keywords/return-prediction","display_name":"return forecasting","score":0.6869999766349792},{"id":"https://openalex.org/keywords/sentiment-index","display_name":"sentiment index","score":0.8450000286102295},{"id":"https://openalex.org/keywords/uncertainty-index","display_name":"uncertainty index","score":0.9570000171661377},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.7730000019073486},{"id":"https://openalex.org/keywords/parameter-instability","display_name":"parameter instability","score":0.9120000004768372},{"id":"https://openalex.org/keywords/forecast-horizon","display_name":"forecast horizon","score":0.5479999780654907},{"id":"https://openalex.org/keywords/investment-strategy","display_name":"investment strategy","score":0.5239999890327454}],"concepts":[{"id":"https://openalex.org/C197640229","wikidata":"https://www.wikidata.org/wiki/Q2534066","display_name":"Predictability","level":2,"score":0.9516977071762085},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.9428021907806396},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.668443500995636},{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.6505674123764038},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.6034255027770996},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5393298864364624},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.47503355145454407},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.43773359060287476},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.2993067502975464},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21743923425674438},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.12300571799278259},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"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/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","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}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1007/s00181-015-1037-5","doi":"https://doi.org/10.1007/s00181-015-1037-5","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00181-015-1037-5","pdf_url":null,"source":{"id":"https://openalex.org/S178258306","display_name":"Empirical Economics","issn_l":"0377-7332","issn":["0377-7332","1435-8921"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","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":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Empirical Economics","raw_type":"journal-article"},{"id":"mag:3125860420","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:pre:wpaper:201454","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":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:spr:empeco:v:51:y:2016:i:3:d:10.1007_s00181-015-1037-5","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s00181-015-1037-5","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:oai:repository.up.ac.za:2263/52174","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/2263/52174","pdf_url":null,"source":{"id":"https://openalex.org/S4306401870","display_name":"UpSpace Institutional Repository (University of Pretoria)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I69552723","host_organization_name":"University of Pretoria","host_organization_lineage":["https://openalex.org/I69552723"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Postprint Article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":44,"referenced_works":["https://openalex.org/W48743112","https://openalex.org/W80883406","https://openalex.org/W592406673","https://openalex.org/W1495019602","https://openalex.org/W1503022246","https://openalex.org/W1506343385","https://openalex.org/W1525322438","https://openalex.org/W1547068196","https://openalex.org/W1567919635","https://openalex.org/W1586390848","https://openalex.org/W1962223688","https://openalex.org/W1971510423","https://openalex.org/W1972631921","https://openalex.org/W1983379523","https://openalex.org/W1993878787","https://openalex.org/W1997233418","https://openalex.org/W2000010900","https://openalex.org/W2012531878","https://openalex.org/W2016067940","https://openalex.org/W2019222635","https://openalex.org/W2020392687","https://openalex.org/W2043196227","https://openalex.org/W2044055284","https://openalex.org/W2048284609","https://openalex.org/W2058925296","https://openalex.org/W2060610867","https://openalex.org/W2064651043","https://openalex.org/W2068838362","https://openalex.org/W2073668062","https://openalex.org/W2074452466","https://openalex.org/W2080821796","https://openalex.org/W2098339555","https://openalex.org/W2104798421","https://openalex.org/W2122948126","https://openalex.org/W2142091904","https://openalex.org/W2145455907","https://openalex.org/W2182634958","https://openalex.org/W2890525470","https://openalex.org/W3121882567","https://openalex.org/W3122849617","https://openalex.org/W3123039549","https://openalex.org/W3123135166","https://openalex.org/W3123458111","https://openalex.org/W3124438330"],"related_works":["https://openalex.org/W4402302054","https://openalex.org/W4408342919","https://openalex.org/W7134286493","https://openalex.org/W4249487855","https://openalex.org/W4254061844","https://openalex.org/W4313593893","https://openalex.org/W7070977735","https://openalex.org/W4410619636","https://openalex.org/W7201869679","https://openalex.org/W7096398923"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":8},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}