Bonanni, Francesco (A.A. 2024/2025) The cost of international real estate diversification: evidence from a global sample and experimental European extension. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Gaetano Casertano, pp. 57. [Master's Degree Thesis]

PDF (Full text) Restricted to Registered users only Download (2MB) | Request a copy

Abstract/Index

Literature review & theoretical framework. International real estate diversification–benefits and costs. Information frictions, institutional barriers and knowledge gaps. Theoretical framework: information asymmetry vs institutional perspectives. Dependent variables and performance measures. Methodology and data. Setting and sample. Measures. Data analysis. Results. Descriptive statistics. Portfolio performance over time. Jensen’s alpha and risk metrics (CAPM results). Distribution of firm-level alphas. Multivariate regression: firm size and alpha. Sharpe ratios. Experimental extension: top EU real estate firms. Top EU subsample description. Performance and risk-adjusted returns. CAPM results: alpha and beta.

References

Bibliografia: pp. 51-53.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Advanced corporate finance
Thesis Supervisor:	Casertano, Gaetano
Thesis Co-Supervisor:	Bonolis, Paolo
Academic Year:	2024/2025
Session:	Extraordinary
Deposited by:	Alessandro Perfetti
Date Deposited:	18 Jun 2026 09:58
Last Modified:	18 Jun 2026 09:58
URI:	https://tesi.luiss.it/id/eprint/46205

Downloads

Repository Staff Only

View Item