@article{ART001377981},
author={Kim Eunjoo and Koh Sung Soo and 강원},
title={Real Estate Funds: Performance and Size Effect},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2009},
volume={62},
pages={181-197},
doi={10.15793/kspr.2009.62..010}
TY - JOUR
AU - Kim Eunjoo
AU - Koh Sung Soo
AU - 강원
TI - Real Estate Funds: Performance and Size Effect
JO - The Korea Spatial Planning Review
PY - 2009
VL - 62
IS - null
PB - 국토연구원
SP - 181
EP - 197
SN - 1229-8638
AB - Even though market size of domestic real estate fund is larger than domestic REITs market by over three times and the portion of domestic real estate fund in total fund market have been increased, there has been a lack of studies on the characteristic of domestic real estate fund currently. By differentiating this study with the one for the policy and the direction for development of real estate fund, the study on performance and size effect on real estate fund was demonstrated and analyzed first. The period of analysis is from June, 2004 to May, 2009 and total 314 cases of public and private real estate funds were used. This data was analyzed by dividing them into PF and buy-lease type according to operation method and public and private type according to financing method for this study. As a result of analysis, we found out that the performance of domestic real estate fund has negative relationship with the size of real estate fund. We thought that this study is very meaningful in development of domestic real estate fund by demonstrating and analyzing the relationship between the size and performance of domestic real estate fund for the first time in Korea. This study will also have good contributions in aspects of providing asset management companies with the guideline about real estate fund operation and investors with selection criteria for real estate fund investment.
KW - Real Estate Fund;Performance;Size
DO - 10.15793/kspr.2009.62..010
ER -
Kim Eunjoo, Koh Sung Soo and 강원. (2009). Real Estate Funds: Performance and Size Effect. The Korea Spatial Planning Review, 62, 181-197.
Kim Eunjoo, Koh Sung Soo and 강원. 2009, "Real Estate Funds: Performance and Size Effect", The Korea Spatial Planning Review, vol.62, pp.181-197. Available from: doi:10.15793/kspr.2009.62..010
Kim Eunjoo, Koh Sung Soo, 강원 "Real Estate Funds: Performance and Size Effect" The Korea Spatial Planning Review 62 pp.181-197 (2009) : 181.
Kim Eunjoo, Koh Sung Soo, 강원. Real Estate Funds: Performance and Size Effect. 2009; 62 181-197. Available from: doi:10.15793/kspr.2009.62..010
Kim Eunjoo, Koh Sung Soo and 강원. "Real Estate Funds: Performance and Size Effect" The Korea Spatial Planning Review 62(2009) : 181-197.doi: 10.15793/kspr.2009.62..010
Kim Eunjoo; Koh Sung Soo; 강원. Real Estate Funds: Performance and Size Effect. The Korea Spatial Planning Review, 62, 181-197. doi: 10.15793/kspr.2009.62..010
Kim Eunjoo; Koh Sung Soo; 강원. Real Estate Funds: Performance and Size Effect. The Korea Spatial Planning Review. 2009; 62 181-197. doi: 10.15793/kspr.2009.62..010
Kim Eunjoo, Koh Sung Soo, 강원. Real Estate Funds: Performance and Size Effect. 2009; 62 181-197. Available from: doi:10.15793/kspr.2009.62..010
Kim Eunjoo, Koh Sung Soo and 강원. "Real Estate Funds: Performance and Size Effect" The Korea Spatial Planning Review 62(2009) : 181-197.doi: 10.15793/kspr.2009.62..010
