A-Reit price responses to cash rate changes Huang, Yan and Liu, Chunlu 2010, A-Reit price responses to cash rate changes, in AUBEA 2010 : Construction Management(s) : Proceedings of the 35th Australasian Universities Building Education Association annual conference, AUBEA, Melbourne, Vic., pp. A042 – 1-A042 – 11. Attached Files Name Description MIMEType Size Downloads liu-areitprice-2010.pdf Published version application/pdf 119.74KB 173 Title A-Reit price responses to cash rate changes Author(s) Huang, Yan Liu, Chunlu orcid.org/0000-0003-1144-4355 Conference name Australasian Universities Building Education Association. Conference (35th : 2010 : Melbourne, Vic) Conference location Melbourne, Vic. Conference dates 14-16 Jul. 2010 Title of proceedings AUBEA 2010 : Construction Management(s) : Proceedings of the 35th Australasian Universities Building Education Association annual conference Editor(s) [unknown] Publication date 2010 Conference series Australasian Universities Building Education Association Conference Start page A042 – 1 End page A042 – 11 Total pages 11 Publisher AUBEA Place of publication Melbourne, Vic. Keyword(s) A-REITs abnormal returns cash rate event study stock prices Summary With the rapid increasing number and assets of A-REITs, there has been an urgent need to study the relationship between the changes of cash rates and the A-REITs returns. This study investigates whether there were relationships between Australian-Real Estate Investment Trusts stock returns and policy interest rate changes in the past decade by using event study with a multivariate regression model. The findings indicate that cash rate changes have no significantly positive or negative influence on the equity A-REIT stock prices. A series of successive cash rate changes do not take a continuous and dramatic effect on the equity A-REIT stock prices in each economic cycle. Moreover, the A-REITs with relatively smaller assets show more significant fluctuation to the changes of cash rates, and the A-REITs owning more than $ 10 billion in capital assets have relatively steady stock prices. Overall, the findings from this research lead to a call for comprehensive research into various areas in order to ascertain the determinants of A-REIT price changes. Notes Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupp@deakin.edu.au Language eng Field of Research 120201 Building Construction Management and Project Planning Socio Economic Objective 870501 Civil Building Management and Services HERDC Research category E1 Full written paper - refereed HERDC collection year 2010 Copyright notice ©2010, AUBEA Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30033320 Document type: Conference Paper Collections: Faculty of Science, Engineering and Built Environment School of Architecture and Built Environment Open Access Collection   Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Mon, 14 Mar 2011, 10:57:00 EST Tue, 15 Mar 2011, 08:50:45 EST Tue, 22 Mar 2011, 10:39:11 EST Wed, 23 Mar 2011, 13:27:21 EST Wed, 23 Mar 2011, 13:39:37 EST Wed, 23 Mar 2011, 13:40:14 EST Wed, 23 Mar 2011, 13:43:00 EST Wed, 23 Mar 2011, 13:45:51 EST Wed, 23 Mar 2011, 13:46:25 EST Wed, 23 Mar 2011, 13:50:08 EST Wed, 06 Apr 2011, 16:30:12 EST Wed, 06 Apr 2011, 16:35:21 EST Thu, 07 Apr 2011, 16:33:05 EST Mon, 06 Jun 2011, 13:58:34 EST Mon, 06 Jun 2011, 14:15:11 EST Mon, 06 Jun 2011, 14:16:08 EST Mon, 06 Jun 2011, 14:18:13 EST Mon, 06 Jun 2011, 14:19:58 EST Mon, 06 Jun 2011, 14:27:03 EST Mon, 06 Jun 2011, 15:24:17 EST Fri, 16 Mar 2012, 18:43:26 EST Mon, 03 Jun 2013, 16:42:07 EST Fri, 24 Jan 2014, 09:27:36 EST Tue, 05 Dec 2017, 10:48:04 EST Fri, 07 Sep 2018, 15:19:20 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 1106 Abstract Views, 185 File Downloads  -  Detailed Statistics Created: Mon, 14 Mar 2011, 10:56:55 EST by April Wallbank