Journal article
Government real estate interventions and the stock market
Abstract
We study the spillover of government interventions in the real estate market to the stock market. We find that the more active mutual funds decreased ownership in equities with no short-term reversal. Furthermore, they increased ownership in the finance sector stocks without significant changes to their real estate equity holdings. The interventions affecting the riskiness of the finance sector stocks triggered a larger trading response than …
Authors
Akbari A; Krystyniak K
Journal
International Review of Financial Analysis, Vol. 75, ,
Publisher
Elsevier
Publication Date
May 2021
DOI
10.1016/j.irfa.2021.101742
ISSN
1057-5219