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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
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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
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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 - In: International Journal of Financial Studies : open … 11 (2023) 1, pp. 1-39
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/10013545890
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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
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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
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The US Financial Crisis and Corporate Dividend Reactions : For Better or for Worse?
Hilliard, Jitka - 2018
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/10012930819
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Is financial regulation good or bad for real estate companies? : an event study
Hoesli, Martin; Milcheva, Stanimira; Moss, Alex - In: The journal of real estate finance and economics 61 (2020) 3, pp. 369-407
Persistent link: https://www.econbiz.de/10012293192
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The impact of leverage on the idiosyncratic risk and return relationship of REITs around the financial crisis
Gerlach, Richard; Obaydin, Ivan; Zurbruegg, Ralf - In: International review of economics & finance : IREF 38 (2015), pp. 207-219
Persistent link: https://www.econbiz.de/10011572352
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Facts or fates of investors' losses during crises? : evidence from REIT-stock volatility and tail dependence structures
Huang, MeiChi; Wu, Chih-Chiang; Liu, Shih-Min; Wu, Chang-Che - In: International review of economics & finance : IREF 42 (2016), pp. 54-71
Persistent link: https://www.econbiz.de/10011625055