Lu, Chiuling; Mao, Tzujui; Shen, Yang-pin - In: Review of Quantitative Finance and Accounting 44 (2015) 1, pp. 139-159
Unlike operating companies, acquisitions between Real Estate Investment Trusts (REITs) are friendly and acquirers have been previously found to experience positive announcement effects. This study looks beyond stock response and long term performance and finds that overconfidence motivates REIT...
