Ling, David C.; Naranjo, Andy; Scheick, Benjamin - In: Real Estate Economics 42 (2014) 3, pp. 531-577
type="main" <p>This article examines the relation between investor sentiment and returns in private markets. Relative to more liquid public markets, private investment markets exhibit significant limits to arbitrage that restrict an investor's ability to counteract mispricing. Using vector...</p>