期刊名称：International Journal of Business and Management
印刷版ISSN：1833-3850
电子版ISSN：1833-8119
出版年度：2009
卷号：4
期号：11
页码：3
DOI：10.5539/ijbm.v4n11P3
出版社：Canadian Center of Science and Education
摘要：REITs are often seen to be very similar to utility stocks. However, the current financial crises – which has its roots in the U.S. housing market – has raised some doubts regarding this classification. We re-examine the relationship between REITs and utility stocks analyzing data from the United States and document the existence of a massive structural break in February 2007. Our results indicate that investing in U.S. REITs recently has become more risky relative to investments in utility stocks. This change coincides with the current economic and financial crisis.
