Manz, Florian; Müller, Birgit; Schiereck, Dirk - In: Journal of Business Economics 90 (2020) 7, pp. 1087-1120
Recent empirical evidence raises doubt about the ability of financial market participants to generate information efficient valuations for capital market instruments whose cash flows are related to residual claims and dependent on real estate income. We contribute to this literature with the...
