Rutherford, Ronald C.; Nourse, Hugh O. - In: Journal of Real Estate Research 3 (1988) 3, pp. 73-84
This research investigates the valuation impact of the formation of a Corporate Real Estate Unit (CREU) on the stock price of the parent organization. Using standard event study methodology, the empirical tests show that the formation of a CREU, in general, is associated with positive gains to...