Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 6 results ...

Al-Jibouri, S and Mawdesley, M J (2001) Development and application of a stochastic based cost prediction model for construction. Journal of Financial Management of Property and Construction, 6(01), 61–9.

Chan, A P C, Lai, M K, Tam, C M and Akintoye, A (2001) Analysis of construction cost variation factors. Journal of Financial Management of Property and Construction, 6(01), 51–60.

Nicholas, J, Holt, G D and Edwards, D J (2001) Towards a risk assessment model for evaluating construction contractors' creditworthiness. Journal of Financial Management of Property and Construction, 6(01), 31–40.

Pasquire, C and Maruo, K (2001) A comparison of value management methodology in the UK, USA and Japan. Journal of Financial Management of Property and Construction, 6(01), 19–29.

Sing, T F (2001) Is property stock market efficient in the weak form? Singapore's evidence. Journal of Financial Management of Property and Construction, 6(01), 3–18.

  • Type: Journal Article
  • Keywords: property stocks; cointegration tests; weak form efficient market hypothesis
  • ISBN/ISSN: 1366-4387
  • URL: http://www.emeraldinsight.com/journals.htm?issn=1366-4387
  • Abstract:
    This paper presents evidence of long run contemporaneous relationships in Singapore's property stock prices using cointegration methodology. The results of pair-wise cointegration tests showed that there were not more than 18% of the pair-wise combinations of property stocks that established significant long run contemporaneous relationships. The weak form efficient market hypothesis (EMH) was also not ruled out in the Johansen's multivariate cointegration tests, where there were not more than 7 out of a total of 17 possible cointegrating equations found to be significant at a 5% level. Singapore's property stock market is thus deemed to have an efficient fair-game trading environment. It is difficult to consistently outguess the property market, although there are still opportunities occasionally to make abnormal profit by relying on the long-term price movement of a small group of property stocks. Effective stock selection strategies could be employed to add-value to investment portfolio return in the long run by actively trading cointegrated property stocks

Wong, K C, So, A T P and Yu, N H W (2001) The financial viablility of intelligent buildings: a Faustmann approach of assessment. Journal of Financial Management of Property and Construction, 6(01), 41–50.