12 research outputs found
ΠΠΠΠΠΠΠΠ Π.Π. ΠΠΠΠΠ§ΠΠ Π ΠΠΠ ΠΠΠ£Π§ΠΠΠ― Π¨ΠΠΠΠ: ΠΠΠΠΠ Π ΠΠΠ£Π§ΠΠΠΠ ΠΠΠΠΠΠΠΠΠ‘ΠΠΠΠ ΠΠΠΠ’ΠΠΠΠΠ’ΠΠΠ¬ΠΠΠΠ Π ΠΠ€Π’ΠΠΠΠΠΠΠ
N.A. Florensov and N.A. Logatchev pioneered development of fundamental concepts of the structure and evolution of the Baikal system of rift basins. At the turn to the 21st century, in view of the wide availability of scientific research data on the Cenozoic continental rift zones located in Eurasia, Africa and North America, and taking into account the application of new research methods and options to process and analyze huge amounts of geological and geophysical data, a priority was comprehensive modeling of rifting from its origin to the current period of time. This scientific challenge was addressed by the research team under the leadership of N.A. Logachev.Π€ΡΠ½Π΄Π°ΠΌΠ΅Π½ΡΠ°Π»ΡΠ½ΡΠ΅ ΠΏΡΠ΅Π΄ΡΡΠ°Π²Π»Π΅Π½ΠΈΡ ΠΎ ΡΡΡΠΎΠ΅Π½ΠΈΠΈ ΠΈ ΡΠ°Π·Π²ΠΈΡΠΈΠΈ ΠΠ°ΠΉΠΊΠ°Π»ΡΡΠΊΠΎΠΉ ΡΠΈΡΡΠ΅ΠΌΡ ΡΠΈΡΡΠΎΠ²ΡΡ
Π²ΠΏΠ°Π΄ΠΈΠ½ Π±ΡΠ»ΠΈ Π·Π°Π»ΠΎΠΆΠ΅Π½Ρ Π² ΡΡΡΠ΄Π°Ρ
Π.Π. Π€Π»ΠΎΡΠ΅Π½ΡΠΎΠ²Π° ΠΈ Π.Π. ΠΠΎΠ³Π°ΡΠ΅Π²Π°. ΠΡΡΠΎΠΊΠ°Ρ ΡΡΠ΅ΠΏΠ΅Π½Ρ ΠΈΠ·ΡΡΠ΅Π½Π½ΠΎΡΡΠΈ ΠΊΠ°ΠΉΠ½ΠΎΠ·ΠΎΠΉΡΠΊΠΈΡ
ΠΊΠΎΠ½ΡΠΈΠ½Π΅Π½ΡΠ°Π»ΡΠ½ΡΡ
ΡΠΈΡΡΠΎΠ²ΡΡ
Π·ΠΎΠ½ ΠΠ²ΡΠ°Π·ΠΈΠΈ, ΠΡΡΠΈΠΊΠΈ ΠΈ Π‘Π΅Π²Π΅ΡΠ½ΠΎΠΉ ΠΠΌΠ΅ΡΠΈΠΊΠΈ, Π° ΡΠ°ΠΊΠΆΠ΅ Π½ΠΎΠ²ΡΠ΅ ΠΌΠ΅ΡΠΎΠ΄ΠΈΠΊΠΈ ΠΈ Π²ΠΎΠ·ΠΌΠΎΠΆΠ½ΠΎΡΡΠΈ ΠΎΠ±ΡΠ°Π±ΠΎΡΠΊΠΈ ΠΈ Π°Π½Π°Π»ΠΈΠ·Π° Π±ΠΎΠ»ΡΡΠΈΡ
ΠΌΠ°ΡΡΠΈΠ²ΠΎΠ² Π³Π΅ΠΎΠ»ΠΎΠ³ΠΈΡΠ΅ΡΠΊΠΎΠΉ ΠΈ Π³Π΅ΠΎΡΠΈΠ·ΠΈΡΠ΅ΡΠΊΠΎΠΉ ΠΈΠ½ΡΠΎΡΠΌΠ°ΡΠΈΠΈ Π²ΡΠ΄Π²ΠΈΠ½ΡΠ»ΠΈ Π½Π° ΡΡΠ±Π΅ΠΆΠ΅ XX ΠΈ XXI ΡΡΠΎΠ»Π΅ΡΠΈΠΉ Π² ΠΊΠ°ΡΠ΅ΡΡΠ²Π΅ ΠΏΡΠΈΠΎΡΠΈΡΠ΅ΡΠ½ΠΎΠΉ Π·Π°Π΄Π°ΡΠΈ ΡΠΎΠ·Π΄Π°Π½ΠΈΠ΅ ΠΊΠΎΠΌΠΏΠ»Π΅ΠΊΡΠ½ΠΎΠΉ ΠΌΠΎΠ΄Π΅Π»ΠΈ ΡΠ°Π·Π²ΠΈΡΠΈΡ ΡΠΈΡΡΠΎΠ³Π΅Π½Π΅Π·Π° Ρ Π΅Π³ΠΎ Π·Π°ΡΠΎΠΆΠ΄Π΅Π½ΠΈΡ Π΄ΠΎ ΡΠΎΠ²ΡΠ΅ΠΌΠ΅Π½Π½ΠΎΡΡΠΈ. Π Π΅ΡΠ΅Π½ΠΈΠ΅ ΠΏΠΎΡΡΠ°Π²Π»Π΅Π½Π½ΠΎΠΉ Π·Π°Π΄Π°ΡΠΈ ΠΎΡΡΡΠ΅ΡΡΠ²Π»ΡΠ»ΠΎΡΡ Π² ΡΠ°ΠΌΠΊΠ°Ρ
ΡΠ°Π±ΠΎΡ Π½Π°ΡΡΠ½ΠΎΠΉ ΡΠΊΠΎΠ»Ρ ΠΏΠΎΠ΄ ΡΡΠΊΠΎΠ²ΠΎΠ΄ΡΡΠ²ΠΎΠΌ Π.Π. ΠΠΎΠ³Π°ΡΠ΅Π²Π°
Further Evidence on the Performance of Funds of Funds: The Case of Real Estate Mutual Funds
Funds of funds (FOFs) are created when investment companies invest in other investment companies. Although the additional layer of fees incurred by FOFs has a negative effect on returns, there is empirical evidence that real estate FOFs generate superior performance net of fees and risk adjustments. The evidence is inconsistent with a growing consensus that most actively managed mutual funds do not, on average, generate excess returns after adjusting for fees and risk. This study explains this apparent contradiction and finds that most real estate FOFs do not outperform their benchmarks under alternative risk adjustment specifications. Copyright 2008 American Real Estate and Urban Economics Association
Further Evidence on the Performance of Funds of Funds: The Case of Real Estate Mutual Funds
REIT Mimicking Portfolio Analysis
It is well known that expected returns vary by industry (Lyon et al., 1999), and that REIT-based mimicking portfolios may capture the information in real estate investment trust (REIT) prices (Downs, 2000). This study performs REIT-based mimicking portfolio analysis. The results indicate that when the Capital Asset Pricing Model and the Fama-French (1993) three-factor model are used to evaluate the performance of a REIT portfolio, the probability for making Type I error exceeds its significance level. Performance tests are better specified when mimicking portfolios are constructed with the firms from the REIT industry. In addition, the market beta of REIT portfolios appears to converge to the market beta of the NCREIF Index when REIT-based mimicking portfolios are included into the specification. The result is consistent with the notion that there is a strong linkage between REIT returns and the underlying real estate factor (Ziering et al., 1997).REIT; mimicking portfolio; performance evaluation
ACADEMICIAN N.A. LOGATCHEV AND HIS SCIENTIFIC SCHOOL: CONTRUBITION TO STUDIES OF THE CENOZOIC CONTINENTAL RIFTING
N.A. Florensov and N.A. Logatchev pioneered development of fundamental concepts of the structure and evolution of the Baikal system of rift basins. At the turn to the 21st century, in view of the wide availability of scientific research data on the Cenozoic continental rift zones located in Eurasia, Africa and North America, and taking into account the application of new research methods and options to process and analyze huge amounts of geological and geophysical data, a priority was comprehensive modeling of rifting from its origin to the current period of time. This scientific challenge was addressed by the research team under the leadership of N.A. Logachev