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Financial Management from an Emerging Market Perspective
The main purpose of this study is to analyse the performance stability of REIT Index and individual REITs over different sub-periods. The performance of the REITs is compared to mainly that of BIST 100 Index. For analysing the performance stability, three different riskadjusted measures, namely Sharpe ratio, Treynor ratio and Jensen's alpha, are employed for four different periods. These periods are determined with respect to important regulatory changes in the Turkish REIT market and also todoi:10.5772/intechopen.71629 fatcat:wwinjq6ctnagfnyusdrw4kexmu