Hardin, William; Liano, Kartono; Huang, Gow-Cheng - In: The Journal of Real Estate Finance and Economics 30 (2005) 3, pp. 297-315
An analysis of real estate investment trust (REIT) stock splits is presented. Evaluation of the initial reaction to split REITs supports efficient market pricing where REITs generate statistically significant positive announcement date returns, no statistically significant record date returns,...