The Impacts of Tiananmen Square Events on Hong Kong Real Estate and Non-Real Estate Wealth
Ling T He,
F C Neil Myer and
James R Webb
The Journal of Real Estate Finance and Economics, 1998, vol. 16, issue 3, 289-99
Abstract:
Based on the unique characteristics of real estate, the hypothesis of significant additional political sensitivity of real estate has been developed and tested in this study. By classifying six major kinds of events that took place preceding and during the Tiananmen Square demonstrations and performing the multivariate test, this study finds evidence that Hong Kong real estate, overall, is more sensitive than other Hong Kong industries to major political events in China. Copyright 1998 by Kluwer Academic Publishers
Date: 1998
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