Wang, Ko; Erickson, John; Gau, George; Chan, Su Han - In: Real Estate Economics 23 (1995) 1, pp. 85-100
This paper examines the Real Estate Investment Trust (REIT) market microstruc-ture and its relationship to stock returns. When compared with the general stock market, REIT stocks tend to have a lower level of institutional investor participation and are followed by fewer security analysts. In...