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Purpose – The paper aims to investigate the relationship between different investor attention proxies for different types of funds (retail vs institutional ones) looking at a sample of real estate funds.Design/Methodology/Approach – The authors collect data about searching frequency on...
Persistent link: https://www.econbiz.de/10013062446
Using real estate investment trusts as a unique laboratory, we investigate the impact of investor sentiment on seasoned equity offering (SEO) price dynamics. Evidence indicates that investor sentiment is positively related to pre-SEO overpricing and probability of issuance. SEOs issued in high...
Persistent link: https://www.econbiz.de/10012925694
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
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/10013002792
Overconfidence is one of the most robust behavioral anomalies in financial markets. By attributing investment gains to their ability, investors become overconfident and trade aggressively in subsequent periods. Evidence from stock markets shows that overconfidence leads to excessive trading and,...
Persistent link: https://www.econbiz.de/10012919987
). It also investigates how REIT UIT performance compares to investing in REIT mutual funds. Are REIT UIT fund managers able … positive alpha for REIT mutual fund managers. This is the first paper to investigate fund manager stock selection skill in REIT …
Persistent link: https://www.econbiz.de/10012902437
This paper investigates non-GAAP performance measures of the REIT industry, specifically the difference (FFO adjustment) between concurrent FFO and Net Income (NI). Using the U.S. Equity REIT data from 1993 to 2018, we first find evidence that both NI and FFO are associated with REIT...
Persistent link: https://www.econbiz.de/10012835150
Persistent link: https://www.econbiz.de/10010526352
Persistent link: https://www.econbiz.de/10011818387
company shares: the shares of their companies perform relatively weakly. Additionally, we find that overconfident managers …
Persistent link: https://www.econbiz.de/10013075096