Refine
Has Fulltext
- yes (47)
Document Type
- Master's Thesis (25)
- Bachelor Thesis (22)
Is part of the Bibliography
- yes (47) (remove)
Keywords
- BRICS (1)
- Behavioral Finance (1)
- Business Model Canvas (1)
- Case Studies (1)
- Commerzbank (1)
- Common Risk Factors (1)
- Covid-19 (1)
- Digitalisierung (1)
- ESG Rating (1)
- Emerging Markets (1)
Are Real Estate Investment Trust considered a safe investment choice in times of financial shock?
(2021)
This paper focuses on real estate investment trust (REIT), one specific asset class in the real estate sector, and intends to answer the following research question: are real estate investment trusts a safe choice for investors, particularly during financial shocks? This study re-examines the relationship between public-traded U.S. REIT and other asset classes by implementing statistical dependence analysis and OLS regression to determine whether and how they follow other markets in times of ambiguity. This study's final results indicate that public-traded U.S. REIT investment should not be considered a safe investment during crisis times because it follows the equity market.
This thesis analyzes the stock prices of German companies during the Covid-19 pandemic. The first part of the thesis concentrates on the theoretical background on stock prices, their value, and how investors make an investment decision, which is all covered by academic literature. In the second part of this thesis, the author answers the question, whether investors experienced herding behavior on the German stock market during the Covid-19 pandemic, by conducting multiple empirical tests. Here, the methodology uses daily closing prices and cross-sectional absolute deviations to conduct regression models, which test specifically for herding behavior. The results imply that investors did not significantly herd around the market during the observation period from 1st June 2019 to 31st May 2021. Due to the never-before-experienced global health crisis, analysts and investors faced great uncertainty. They focused more on private information, because the opinions of others changed rapidly, just like the surroundings during the pandemic. This paper provides key insights about investors herding behavior during the last two years in Germany.