Stock Market Response to Voluntary Liquidations and Reorganizations of Real Estate Corporations
Announcements of voluntary liquidation or reorganization by real estate corporations are analyzed. There is a positive stock price response to announcement of liquidation, and a negative stock price response to announcements of reorganization. Results were the same before and after the 1978 Bankruptcy Reform Act took affect. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1991
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Authors: | Elayan, Fayez A. ; Maris, Brian A. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 19.1991, 1, p. 92-101
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
freely available
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