Cline, Brandon; Fu, Xudong; Springer, Thomas M.; Tang, Tian - In: Journal of Real Estate Research 36 (2014) 4, pp. 511-540
By merging REIT SEO data with executive option exercise data, we investigate insider trading implications around REIT SEOs. Event study results show persistent negative abnormal returns for long-term SEO aftermarket performance. After isolating "strategic" option exercises of REIT insiders...
