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Research Journal of Business Management
  Year: 2012 | Volume: 6 | Issue: 4 | Page No.: 153-158
DOI: 10.3923/rjbm.2012.153.158
 
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The Relationship Between Real Estate Investment Trusts Property Types and Stock Exchange of Thailand Index

T. Busaranon and P. Chintrakarn

Abstract:
As an early stage of Real Estate Investment Trusts (REITs) in Thailand, this research aimed to look for evidences to support the benefits of using REITs to secure portfolios and hedging strategies against the SET Index (Stock Exchange of Thailand Index). This research employed monthly data of 24 REITs from January 2006 to December 2010. The study concentrates on finding the relationship between REITs with SET index and other seven selective Indexes; exchange rate, leading economic index, economic growth index, business sentiment index, private consumption index and private investment index. The results from using various models find each REITs portfolio has a positive relationship with the SET Index.
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How to cite this article:

T. Busaranon and P. Chintrakarn, 2012. The Relationship Between Real Estate Investment Trusts Property Types and Stock Exchange of Thailand Index. Research Journal of Business Management, 6: 153-158.

DOI: 10.3923/rjbm.2012.153.158

URL: https://scialert.net/abstract/?doi=rjbm.2012.153.158

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