Browsing İİBF - Makale Koleksiyonu | İşletme Bölümü / Department of Management by Citation "Demirer, R., Yüksel, A. & Yüksel, S. A. (2021). On the hedging benefits of REITs: The role of risk aversion and market states. Economics And Business Letters, 10(2), 126-132. doi:10.17811/ebl.10.2.2021.126-132"
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(Oviedo University Press, 2021-06)We propose a dynamic, forward-looking hedging strategy to manage stock market risks via positions in REITs, conditional on the level of risk aversion. Our findings show that risk aversion can predict transitions to the ...