European Union is on a debate about relaxing the market requirements for listed firms in order to attract companies to trade on stock markets. In this context, we study the role of audit committees (AC) in the going public process of Real Estate Investment Trusts (REITs) in the Spanish market...

Spanish Abstract: El objetivo del presente trabajo es analizar la reacción de los mercados de valores mundiales ante algunos sucesos extremos que se derivan de los efectos relacionados con el cambio climático: los récords de concentraciones de GEI, los años más cálidos registrados desde la...

This study analyses the impact of the COVID-19 pandemic on Spanish listed REITs during the first wave from both the stock market and the operating performance perspectives. First, we find that the Spanish stock market for REITs reacts with less intensity and later than the rest of the Spanish...

Since 2013, when the market for REITs started in Spain, the number of these investment vehicles has grown steadily. At the end of 2019, Spanish REITs ranked third in Europe in terms of market capitalisation, and first in terms of the number of REITs (EPRA, 2020). This research investigates the...

This study analyses underpricing in a sample of 41 Real Estate Investment Trusts (REITs) from the Spanish market between November 2013 and January 2019. The results show a significant underpricing on the initial-day (either when we compute raw or market-adjusted initial returns) concentrated in...

Spanish Abstract: La firma del acuerdo de paz colombiano resultó en la desmovilización y reincorporación a la vida civil de más de 12.000 excombatientes de las FARC. El conflicto, que estuvo activo casi 60 años, causó más de ocho millones de víctimas y una sociedad dividida. No abordar...

We describe the patterns of economic growth and social progress in Colombian "functional territories". Unlike political/administrative divisions that emerge at least partly for historical reasons unrelated to economic interactions, functional territories reflect the patterns of spatial...