| Collection Title: | SIU Thesis | | Title : | Risk Factors and Performance of Thai Property Fund | | Material Type: | printed text | | Authors: | Natkawin Jiamchoatpatanakul, Author ; Jessada Nopakun Tangchitnob, Associated Name ; Wilaiporn Laohakosol, Associated Name | | Publisher: | Bangkok: Shinawatra University | | Publication Date: | 2015 | | Pagination: | x, 184 p. | | Layout: | ill, tables | | Size: | 30 cm. | | Price: | 500.00 | | General note: | SIU THE: SOM-PhD-MS-2015-01
Thesis. [PhD.[Philosophy in Management Science]] -- Shinawatra University, 2015 | | Languages : | English (eng) | | Descriptors: | [LCSH]Risk factors -- Thailand
[LCSH]Risk management
| | Keywords: | Thai Property Fund,
Indirect Real Estate Investment Vehicle,
Real Estate Investment Trust,
Factors Affecting Performance of the Indirect Real Estate Vehicle,
Solutions of the Performance Improvements | | Abstract: | Thai property fund with over ten–year history has showed continuously growth similar to the international REITs. Alas, low number of the available academic studies about the fund performance, however, might result in inefficient investment, fund and property management and regulatory employment. On the other way around, having on hand such information would benefit to country’s economy, financial and real estate business sectors, job creation and investment and saving in the future aging society.
In this research, both of the quantitative and qualitative approaches were conducted to understand concerned risk factors to the fund performance. The Bloomberg data of the fund return were regressed with quantified proxies of the risk factors, whilst 41 qualified samples were interviewed to understand their opinions about major risk concerns and workable solutions for the fund improvement.
The quantitative research provided a significant relationship between the fund performance and the market risk factor, but insignificant relationship with credit and liquidity risks. The qualitative method also showed consistent results for both market and credit risk factors. Unlike international REITs, Thai fund exhibit different features from low debt use, and short – term interest rate and debt cost. On liquidity risk, both methods supported fund size benefit, although the results showed statistically insignificance, which contradicted to the international REITs. Different maturity level between the developed and emerging counties might result in limited numbers of Thai funds with enough large size for the institutional and foreign investors to participate, so lack of investment choices might cause price appreciation of large funds. Concerns on operational risks for Thai fund is similar to REITs in relation with the property manager and sponsor, but not to the fund manager from main role of monitoring. Both legal and specific risks were found to be major concern for Thai fund like other REITs | | Curricular : | BBA/MBA/PhDM | | Record link: | http://libsearch.siu.ac.th/siu/opac_css/index.php?lvl=notice_display&id=26350 |
SIU Thesis. Risk Factors and Performance of Thai Property Fund [printed text] / Natkawin Jiamchoatpatanakul, Author ; Jessada Nopakun Tangchitnob, Associated Name ; Wilaiporn Laohakosol, Associated Name . - [S.l.] : Bangkok: Shinawatra University, 2015 . - x, 184 p. : ill, tables ; 30 cm. 500.00 SIU THE: SOM-PhD-MS-2015-01
Thesis. [PhD.[Philosophy in Management Science]] -- Shinawatra University, 2015 Languages : English ( eng) | Descriptors: | [LCSH]Risk factors -- Thailand
[LCSH]Risk management
| | Keywords: | Thai Property Fund,
Indirect Real Estate Investment Vehicle,
Real Estate Investment Trust,
Factors Affecting Performance of the Indirect Real Estate Vehicle,
Solutions of the Performance Improvements | | Abstract: | Thai property fund with over ten–year history has showed continuously growth similar to the international REITs. Alas, low number of the available academic studies about the fund performance, however, might result in inefficient investment, fund and property management and regulatory employment. On the other way around, having on hand such information would benefit to country’s economy, financial and real estate business sectors, job creation and investment and saving in the future aging society.
In this research, both of the quantitative and qualitative approaches were conducted to understand concerned risk factors to the fund performance. The Bloomberg data of the fund return were regressed with quantified proxies of the risk factors, whilst 41 qualified samples were interviewed to understand their opinions about major risk concerns and workable solutions for the fund improvement.
The quantitative research provided a significant relationship between the fund performance and the market risk factor, but insignificant relationship with credit and liquidity risks. The qualitative method also showed consistent results for both market and credit risk factors. Unlike international REITs, Thai fund exhibit different features from low debt use, and short – term interest rate and debt cost. On liquidity risk, both methods supported fund size benefit, although the results showed statistically insignificance, which contradicted to the international REITs. Different maturity level between the developed and emerging counties might result in limited numbers of Thai funds with enough large size for the institutional and foreign investors to participate, so lack of investment choices might cause price appreciation of large funds. Concerns on operational risks for Thai fund is similar to REITs in relation with the property manager and sponsor, but not to the fund manager from main role of monitoring. Both legal and specific risks were found to be major concern for Thai fund like other REITs | | Curricular : | BBA/MBA/PhDM | | Record link: | http://libsearch.siu.ac.th/siu/opac_css/index.php?lvl=notice_display&id=26350 |
|
Add the result to your basket Make a suggestion Refine your search Apply to external sourcesSIU Thesis. Risk Factors and Performance of Thai Property Fund / Natkawin Jiamchoatpatanakul / Bangkok: Shinawatra University - 2015
