Investment Trusts in America.

Components of Risk for Investment Trusts

Risk assessment is a topical subject in the investment trust sector. Several fund management groups have started issuing risk gradings for their investment trusts. Money Management and Micropal now publish volatility figures and in March 1995, the Association of Investment Trust Companies issued a factsheet on risk for private investors which proposed the use of volatility in the risk assessmen...

Social Investment in Latin America

CROSS LISTING OF REAL ESTATE INVESTMENT TRUSTS (REITs)

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...

Employment and Social Investment Funds in Latin America