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| Tekijä: | Anderson, R.I. (et al.) |
| Otsikko: | Technical efficiency and economies of scale: a non-parametric analysis of REIT operating efficiency |
| Lehti: | European Journal of Operational Research
2002 : JUN, VOL. 139:3, p. 598-612 |
| Asiasana: | DATA ENVELOPMENT ANALYSIS ECONOMIES OF SCALE EFFICIENCY INVESTMENT TRUSTS PROPERTY |
| Kieli: | eng |
| Tiivistelmä: | This study measures technical efficiency and economies of scale for real estate investment trusts (REITs) by employing data envelopment analysis (DEA), a linear-programming technique. Using data from the National Association of Real Estate Investment Trusts (NAREITs) for the years 1992-1996, the authors find that REITs are technically inefficient, and the inefficiencies are a result of both poor input utilization and failure to operate at constant returns to scale. |
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