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The Relative Performance of ADRs and U.S. Stocks in October 2007 and October 2008

Assefa, Tibebe A. - 2013

We examine the performance of a sample of 116 ADRs and 536 U.S. stocks in October 2007 and October 2008 using a one-year buy and hold methodology. The stocks and ADRs in this study are listed on the U.S. stock exchanges. We compare their performance when the U.S. stock market was relatively high...

Persistent link: https://www.econbiz.de/10013087768

Do Dividends Mitigate Bad News Hoarding, Overinvestment, and Stock Price Crash Risk?

Kim, Jeong-Bon - 2020

We examine the economic benefits of paying dividends. We find that dividend payments mitigate stock price crash risk …. In addition, we show that dividend payments reduce bad news hoarding (overinvestment) while bad news hoarding … enhancing earnings quality (e.g., Skinner and Soltes, 2011) by adding that dividend payments generate economic benefits in the …

Persistent link: https://www.econbiz.de/10012852812

The liquidity crisis, investor sentiment, and REIT returns and volatility

Huerta, Daniel; Egly, Peter V.; Escobari, Diego - 2015 - Version: November 2015

The real estate investment trust (REIT) industry experienced a liquidity crisis resulting from reduced access to credit commitments as banks were restoring their balance sheets during the 2007-2009 financial crisis. Employing generalized autoregressive conditional heteroscedasticity (GARCH)...

Persistent link: https://www.econbiz.de/10011402963

The Liquidity Crisis, Investor Sentiment, and REIT Returns and Volatility

Huerta, Daniel - 2016

Persistent link: https://www.econbiz.de/10013002792

The US Financial Crisis and Corporate Dividend Reactions : For Better or for Worse?

Hilliard, Jitka - 2014

We examine how changes in dividend policy in 2008 as the financial crisis was unfolding influenced firm risk … these firms into four groups based on their dividend policy in 2008. We find that firms that decreased or eliminated …

Persistent link: https://www.econbiz.de/10013043240

The US Financial Crisis and Corporate Dividend Reactions : For Better or for Worse?

Hilliard, Jitka - 2018

Persistent link: https://www.econbiz.de/10012930819

Fama–French–Carhart Factor-Based Premiums in the US REIT Market : A Risk Based Explanation, and the Impact of Financial Distress and Liquidity Crisis from 2001 to 2020

Essa, Mohammad Sharik; Giouvris, Evangelos - 2023

The study investigates the impact of financial distress (credit spread) and liquidity crises (TED spread) on size, value, profitability, investment and momentum premiums within the US Real Estate Investment Trust market. Using daily data from 2001 to 2020, we examine the presence, magnitude and...

Persistent link: https://www.econbiz.de/10014254802

Corporate real estate holding and stock returns : international evidence from listed companies

Ng, Joe Cho Yiu; Leung, Ka Yui; Chen, Suikang - 2022 - This version: January 2022

This study examines the relationship between corporate real estate (CRE) holdings and stock returns before and after the Global Financial Crisis (GFC). We find that (1) the United States and the United Kingdom show a negative relationship before the GFC and positive after the GFC. (2) Firms that...

Persistent link: https://www.econbiz.de/10012880062

Volatility clustering, leverage, size, or contagion effects : the fluctuations of Asian real estate investment trust returns

Tsai, I-Chun - In: Journal of Asian economics 27 (2013), pp. 18-32

Persistent link: https://www.econbiz.de/10010190282

Naked short selling and the market impact of fails-to-deliver : evidence from the trading of real estate investment trusts

Devos, Erik; McInish, Thomas H.; McKenzie, Michael D.; … - In: The journal of real estate finance and economics 49 (2014) 4, pp. 454-476

Persistent link: https://www.econbiz.de/10010422269