Factors that Affect Real Estate Investment Trust Market Volumes: A Country-Level Analysis = Factors that Affect Real Estate Investment Trust Market Volumes: A Country-Level Analysis

다국어 초록 (Multilingual Abstract)

This paper investigates various country-level economic, social, and infrastructural factors that influence real estate investment trust market volumes across 22 countries that currently have active REIT markets. The primary contribution of this study is to apply existing analyses that focused on the real estate market as a whole to the REIT market to identify the positive and negative correlations, as well as degree, of each factor on REIT market volume. Through the findings, the study will be able to stand as a reference for financial researchers and professionals of the industry to identify country-level factors that affect respective REIT market volumes. The study also suggests factors that government authorities such as legislators may wish to address and adjust to create sound investment environments for their countries.