This empirical study investigates the performance of Real Estate Investment Trusts (REITs). Although many people have studied REIT performance, their findings on the long-term performance of REITs are generally inconclusive. The objectives of this study are: (1) to evaluate the long-term...

Real estate finance includes rural real estate finance and urban real estate finance. Rural real estate finance is also called farmland finance, but it has been omitted in the circle of real estate finance for a very long time. Farmland finance maybe not a problem for developed countries, but it...

We conduct two experiments to investigate how investors react to attributions accompanying management guidance. In our first experiment, we investigate the joint effect of attribution locus (external versus internal attribution) and guidance-news valence (positive versus negative guidance news)...

Managers have discretion as to whether to quantify their earnings guidance and supplementary disclosures. Using an experimental approach, we provide and test theory that when guidance is qualitative, quantifying supplementary attributions leads to more favorable investment judgments; for...

This paper utilizes data from a national online survey and an administrative dataset to examine the impact of COVID-19 on the labor market in China. Specifically, we first investigate the short-term impact of the COVID19 outbreak on individual workers’ employment, wages, and work-from-home...

Utilizing a national online survey we conducted in China, we examine the impact of COVID-19 on individuals’ willingness to take risks, willingness to trust other people, and mental health measured by the Center for Epidemiological Studies-Depression (CES-D) scale. Our findings suggest that...