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Do cross-border investors benchmark commercial real estate markets?

Oertel, Cay ; Willwersch, Jonas ; Cajias, Marcelo


Purpose The purpose of this study is to introduce a new perspective on determinants of cross-border investments in commercial real estate, namely, the relative attractiveness of a target market. So far, the literature has analyzed only absolute measures of investment attractiveness as determinants of cross-border investment flows. Design/methodology/approach The empirical study uses a ...


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