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Applied Economics Letters Volume 20, 2013 - Issue 2
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Original Articles

NAV discount in REITs: the role of expert assessors

Pierpaolo Pattitoni The Rimini Centre for Economic Analysis (RCEA), Rimini, Italy; Department of Management, University of Bologna, Bologna, Italy
,
Barbara Petracci Department of Management, University of Bologna, Bologna, ItalyCorrespondence[email protected]
&
Massimo Spisni Department of Management, University of Bologna, Bologna, Italy
Pages 194-198 | Published online: 17 May 2012

References

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  • Clayton , J. and MacKinnon , G. 2001 . The time-varying nature of the link between REIT, real estate and financial asset returns . Journal of Real Estate Portfolio Management , 7 : 43 – 54 .
  • Downs , D. , Guner , N. Hartzell , D. 2001 . Why do REIT prices change? The information content of Barron's “the ground floor” . Journal of Real Estate Finance and Economics , 22 : 63 – 80 .
  • Friday , H. S. and Sirmans , G. S. 1998 . Board of director monitoring and firm value in REITs . Journal of Real Estate Research , 16 : 411 – 27 .
  • Gui , H. , Cai , M. and Wang , Y. 2009 . The overconfident, or the more informed? . Applied Economics Letters , 16 : 315 – 18 .
  • Lin , C. Y. , Rahamn , H. and Yung , K. 2009 . Investor sentiment and REITs returns . Journal of Real Estate Finance and Economics , 39 : 450 – 71 .
  • Simpson , M. W. and Ramchander , S. 2002 . Is differential sentiment a cause of closed-end country fund premia? An empirical examination of the Australian case . Applied Economics Letters , 9 : 615 – 19 .

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