This study examines the relationship between firm stock split behavior and pre-split institutional ownership. Results identify a positive relationship between pre-split institutional ownership measures and split behavior. A firm size effect implies that larger firms have higher percentages of...

This study examines changes in operating performance among real estate investment trusts following an initial public offering (IPO). The purpose is to determine whether there is an enhancement in the value of the underlying asset that is related to the IPO. We separately analyze equity, mortgage...

Executive compensation has garnered much attention in the last decade from both academicians and practitioners. We examine the relationship between increase in CEO compensation, industry specific performance measures, and stock return for the years 1993-1999 in the Real Estate Investment Trust...