Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim

Real estate investment trusts (REITs) show lower average volumes than similar non-REITs. Lower average volume is among the main reason of institutional investors’ disinterest to invest in REITs. Consequently, the lower participation of institutional investors causes the lower return performance of R...

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Main Author:	Hashim, Hairulnizam
Format:	Book Section
Language:	English
Published:	Institute of Graduate Studies, UiTM 2013
Subjects:	Foreign investments. Country risk
Online Access:	http://ir.uitm.edu.my/id/eprint/19066/ http://ir.uitm.edu.my/id/eprint/19066/1/ABS_HAIRULNIZAM%20HASHIM%20TDRA%20VOL%203%20IGS%2013.pdf

id	uitm-19066
recordtype	eprints
spelling	uitm-190662018-06-08T01:36:31Z http://ir.uitm.edu.my/id/eprint/19066/ Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim Hashim, Hairulnizam Foreign investments. Country risk Real estate investment trusts (REITs) show lower average volumes than similar non-REITs. Lower average volume is among the main reason of institutional investors’ disinterest to invest in REITs. Consequently, the lower participation of institutional investors causes the lower return performance of REITs. There are very limited studies on trading volume in REITs. Most of the studies focus on examining the level of trading volume. In reviewing past studies which regard to variables that have significant relationship with trading volume of non- REITs, only proxies for stock market data have been used. This indicate the need to examine other important variables such as macro-economic data, type of returns, firm size, market structure and period effect in modelling determinants that affect trading volume of REITs. In filling the gap of the previous works, this study had also tested whether variables that have significant relationship and significantly related to trading volume in non-REITs market, will also affect significantly the trading volume of REITs. The variables identified are price return, absolute price return, volatility, dividend yield, percentage change of long-term interest rate, absolute percentage change of long-term interest rate, firm size, year of trading, type of return, trading volume (lag one) and trading volume (lag two)… Institute of Graduate Studies, UiTM 2013 Book Section PeerReviewed text en http://ir.uitm.edu.my/id/eprint/19066/1/ABS_HAIRULNIZAM%20HASHIM%20TDRA%20VOL%203%20IGS%2013.pdf Hashim, Hairulnizam (2013) Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim. In: The Doctoral Research Abstracts. IPSis Biannual Publication, 3 (3). Institute of Graduate Studies, UiTM, Shah Alam.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Foreign investments. Country risk
spellingShingle	Foreign investments. Country risk Hashim, Hairulnizam Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim
description	Real estate investment trusts (REITs) show lower average volumes than similar non-REITs. Lower average volume is among the main reason of institutional investors’ disinterest to invest in REITs. Consequently, the lower participation of institutional investors causes the lower return performance of REITs. There are very limited studies on trading volume in REITs. Most of the studies focus on examining the level of trading volume. In reviewing past studies which regard to variables that have significant relationship with trading volume of non- REITs, only proxies for stock market data have been used. This indicate the need to examine other important variables such as macro-economic data, type of returns, firm size, market structure and period effect in modelling determinants that affect trading volume of REITs. In filling the gap of the previous works, this study had also tested whether variables that have significant relationship and significantly related to trading volume in non-REITs market, will also affect significantly the trading volume of REITs. The variables identified are price return, absolute price return, volatility, dividend yield, percentage change of long-term interest rate, absolute percentage change of long-term interest rate, firm size, year of trading, type of return, trading volume (lag one) and trading volume (lag two)…
format	Book Section
author	Hashim, Hairulnizam
author_facet	Hashim, Hairulnizam
author_sort	Hashim, Hairulnizam
title	Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim
title_short	Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim
title_full	Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim
title_fullStr	Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim
title_full_unstemmed	Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim
title_sort	determinants of trading volume in real estate investment trusts / hairulnizam hashim
publisher	Institute of Graduate Studies, UiTM
publishDate	2013
url	http://ir.uitm.edu.my/id/eprint/19066/ http://ir.uitm.edu.my/id/eprint/19066/1/ABS_HAIRULNIZAM%20HASHIM%20TDRA%20VOL%203%20IGS%2013.pdf
first_indexed	2023-09-18T23:01:46Z
last_indexed	2023-09-18T23:01:46Z
_version_	1777418220647481344

Determinants of trading volume in real estate investment trusts / Hairulnizam Hashim

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