Assessing the Impact of Outbreaks on Malaysian Listed Property Companies in Mixed-Asset Portfolios

Razali Muhammad Najib (), Jalil Rohaya Abdul () and Shayuti Ahmad Faisal ()
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Razali Muhammad Najib: Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia
Jalil Rohaya Abdul: Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia
Shayuti Ahmad Faisal: Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia

Real Estate Management and Valuation, 2021, vol. 29, issue 3, 87-93

Abstract: This paper assesses the impact of outbreaks from the perspective of volatility of Malaysian Listed Property Companies in mixed-asset portfolios, concentrating on periods of time between outbreaks. The real issue of this study is the health crisis that has troubled institutional investors, as it has already significantly impacted the returns on investments. Investors need to be better informed on the impact of health outbreaks on investments in order to minimize their impact. To assess the impact of the outbreaks, the GARCH method has been employed to examine the dynamic volatility of listed property companies in mixed-asset portfolios. The volatility level will give investors better information from point of view of the dynamics of volatility of the Malaysian listed property companies’ performance within mixed-asset portfolios. The findings show that listed property companies demonstrate high volatility compared to other mixed-asset portfolios during the periods of outbreaks. This indicates Malaysian listed property companies were the most volatile investment in mixed-asset portfolios. This empirical study will contribute significantly to institutional investors, especially in terms of the investment decision-making process during outbreaks.

Keywords: outbreaks; Malaysia; listed property companies; mixed-assets; property portfolio (search for similar items in EconPapers)
JEL-codes: C58 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:29:y:2021:i:3:p:87-93:n:6

DOI: 10.2478/remav-2021-0024

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