Farmland real estate investment trusts

CROSS LISTING OF REAL ESTATE INVESTMENT TRUSTS (REITs)

Comments Welcome Insider Ownership and Corporate Value: Evidences from Real Estate Investment Trusts

Real estate investment trusts (REITs) provides us a unique laboratory to study the relation between insider ownership and ̄rm value, since REITs have to satisfy special regulations which render alternative mechanisms to control agency problems ine®ective. After controlling for unobserved ̄rm heterogeneity, we still ̄nd a signi ̄cant nonlinear relation between REIT insider ownership and Tobin's Q...

The Role of Corporate Governance in Initial Public Offerings: Evidence from Real Estate Investment Trusts

This study analyzes the impact of corporate governance structures at the initial public offering (IPO) date. We test hypotheses that firms with more shareholder-oriented governance structures receive higher valuations at the IPO stage and have better long-term performance. Our sample is a set of 107 IPOs of real estate investment trusts (REITs) between 1991 and 1998. Using a single industry and...

Institutional investors as monitors of corporate diversification decisions: Evidence from real estate investment trusts

☆ Wewould like to thank an anonymous referee, Jeff and the participants at the 2010 American Real Estate Real Estate Investment Trusts, and the 2010 UC Irvine A research associate of the NBER and an advisor to Gers ⁎ Corresponding author at: Department of Finance, E-mail address: [email protected] 1 Lewellen (1971) discusses the coinsurance effect problems around equity offerings....

Information Processing and Stock Market Volatility - Evidence from Real Estate Investment Trusts

This study proposes novel measurements of investor psychology utilizing Big Data and reveals the impact of different measures on asset price volatility. We construct a news sentiment measure based on news articles reflecting information supply. News content is transformed into quantitative data utilizing sentiment analysis. We further investigate a metric for investor attention based on search ...