A study on the Risks and Returns of the Diversification in Real Estate Investment Industries
| Autor: | Yu-Ting Fang, 方鈺婷 |
|---|---|
| Rok vydání: | 2002 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 90 The study tries to investigate the risks and returns of real estate investment company’s diversification investment strategies. Using Rumelt’s method and Standard Industrial Classification Code, I classify real estate investment companies into four types of investment strategies, single investment, dominant investment, related investment, and unrelated investment. In order to examine whether the risks and returns in the different types of diversification strategies are significant difference or not, one-way ANOVA analysis is used. Moreover, I divide each type of diversification strategy into two sub-groups according to companies’ scale, capability of management, and ability to earn profits to examine whether or not there is any difference between each two sub-groups. The results show that there is no significant difference of the risks and returns between each two different types of diversification strategies. In addition, no significant difference has been found when I compare each two sub-groups under the same type of diversification strategy. In conclusion, real estate investment companies may not benefit from their diversification portfolio. Key words: types of diversification, risks, returns, portfolio |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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