Empirical analysis of the illiquidity premia of German real estate securities

Thomas Paul; Thomas Walther; André Küster-Simic

Financial Markets and Portfolio Management · 2021-10-16 · Issue: 2022-06
Research article · Published version of record · CC BY 4.0 · 14,295 words

Original source: Volume 36 · Issue 2 · 203–260

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Title: Empirical analysis of the illiquidity premia of German real estate securities
Human authorship: Thomas Paul; Thomas Walther; André Küster-Simic
Source: Complete manuscript edition 2026-10-22
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Original authors / creators: Thomas Paul; Thomas Walther; André Küster-Simic
Original publication: Financial Markets and Portfolio Management · Springer US · 2021-10-16 · Issue date 2022-06
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doi:10.1007/s11408-021-00398-0
License & retained notices: CC BY 4.0
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Evidence limits: German securities sample from 2003–2017; findings differ by instrument, liquidity metric and structural period; historical return associations do not guarantee compensation, execution or redemption availability.
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