Real Estate Risk in Equity Returns

Know about the book -

Real Estate Risk in Equity Returns is written by Gaston Michel and published by Springer Science & Business Media. It's available with International Standard Book Number or ISBN identification 3834994960 (ISBN 10) and 9783834994967 (ISBN 13).

Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross-sectional variation in equity returns. He shows that an alternative modeI which includes the real estate factor performs as well as or better than the Fama-French model in pricing equity returns.