Akhigbe, Aigbe; Johnston, Jarrod; Madura, Jeff; … - In: The Journal of Real Estate Finance and Economics 28 (2004) 4, pp. 355-367
Previous studies have found significant but time-varying valuation effects associated with real estate investment trusts initial public offerings (REIT IPOs). Because REIT IPOs may disclose relevant information about real estate market conditions, they may serve to revalue existing real estate...