eprintid: 2948
rev_number: 1
eprint_status: archive
userid: 1
dir: disk0/00/00/29/48
datestamp: 2020-04-23 05:45:15
lastmod: 2020-04-23 05:45:16
status_changed: 2020-04-23 05:45:15
type: thesis
metadata_visibility: show
creators_name: Manshanden, F.J.
title: REIT behavior during times of uncertainty: An analysis of the Brexit
ispublished: pub
full_text_status: public
abstract: This paper investigates into what extend the Brexit influences the Real Estate Investment Trust (REIT) market. An event-study approach is applied to test the effects of five announcements leading to the Brexit on the returns of REITs. Abnormal returns will be calculated by predicting returns and subtracting them from the actual returns. The returns are predicted by four models. Two of the five events led to significant negative returns. Based on these four models, the day Prime Minister David Cameron declared he is in favor of an in/out referendum, the day the Prime Minister’s plan was announced and the day that the Prime Minister reaffirmed his commitment to an in/out referendum did not have large effects on the REIT market. The day that the date of the referendum was announced and the day the results were announced had a significant negative effect on the REIT market.
date: 2019
date_type: published
thesis_type: master
degree_programme: VG
tutors_name: Liu, X.
keywords_local: Real Estate Investment Trust
keywords_local: Economic Policy Uncertainty
keywords_local: Brexit
keywords_local: REITs
keywords_local: Event-study
language_iso: en
titleorder: REIT behavior during times of uncertainty: An analysis of the Brexit
dbi: 5d4abc55e9d96
imported_item: yes
date_of_import: 2020-04-22
imported_from: http://scripties.frw.eldoc.ub.rug.nl/root/ma/VG/2019/fjmanshanden/
import_source_file: theses-frw-20200422132455-5d4abc55e9d96.xml
date_issued: 2019-01-01
citation:   Manshanden, F.J.  (2019) REIT behavior during times of uncertainty: An analysis of the Brexit.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/2948/1/REIT_behavior_during_times_of__1.pdf