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Property Type, Size and REIT Value
9 references·16 citing·49 second hopsampled
Property Type, Size and REIT Value (1995)Property Type, Size and REIT ValueReal Estate Investment Trusts: A Review of the Financial Economics Literature (1995)Real Estate Investment Trusts…Return Properties of Equity REITs, Common Stocks, and Commercial Real Estate: A Comparison (1993)Return Properties of Equity R…Transaction costs and the small firm effect (1983)Transaction costs and the sma…Transaction costs and the small firm effect (1983)Transaction costs and the sma…The anomalous stock market behavior of small firms in January (1983)The anomalous stock market be…Size-related anomalies and stock return seasonality (1983)Size-related anomalies and st…The relationship between return and market value of common stocks (1981)The relationship between retu…Misspecification of capital asset pricing (1981)Misspecification of capital a…A Possible Explanation of the Small Firm Effect (1981)A Possible Explanation of the…The Sources of Risk Spillovers among U.S. REITs: Financial Characteristics and Regional Proximity (2014)The Sources of Risk Spillover…Short Sales and Fundamental Value: Explaining the REIT Premium to NAV (2013)Short Sales and Fundamental V…The role of hotel owners: the influence of corporate strategies on hotel performance (2012)The role of hotel owners: the…Property-type diversification and REIT performance: an analysis of operating performance and abnormal returns (2012)Property-type diversification…Property Segment and REIT Capital Structure (2010)Property Segment and REIT Cap…Institutional Investors and Firm Efficiency of Real Estate Investment Trusts (2010)Institutional Investors and F…Leverage and NAV discount: evidence from Italian real estate investment funds (2009)Leverage and NAV discount: ev…The Role of Singapore REITs in a Downside Risk Asset Allocation Framework (2003)The Role of Singapore REITs i…The Environment and Performance of Real Estate Investment Trusts (2003)The Environment and Performan…The Cost Efficiency of Real Estate Investment Trusts: An Analysis with a Bayesian Stochastic Frontier Model (2003)The Cost Efficiency of Real E…The Value of Liquidity (2001)The Value of LiquidityIs Bigger Better? A Re-examination of the Scale Economies of REITs (2001)Is Bigger Better? A Re-examin…Explaining the Discount to NAV in REIT Pricing: Noise or Information? (2001)Explaining the Discount to NA…Managerial Style and Firm Value (1998)Managerial Style and Firm Val…Debt, Agency and Management Contracts in Reits: The External Advisor Puzzle (1998)Debt, Agency and Management C…Economies-of-Scale for Real Estate Investment Trusts (1997)Economies-of-Scale for Real E…Corporate financing and investment decisions when firms have information that investors do not have (1984)What Does the Stock Market Tell Us About Real Estate Returns? (1992)Estimating Market Values from Appraised Values without Assuming an Efficient Market (1993)Diversification Issues in Real Estate Investment (1999)Diversification Benefits from Foreign Real Estate Investments (2002)The Case for REITs in the Mixed-Asset Portfolio in the Short and Long Run (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Effect of Market Segmentation and Illiquidity on Asset Prices: Evidence from Exchange Listings (1994)Transaction Costs and Asset Prices: A Dynamic Equilibrium model (1998)Bank involvement with SMEs: Beyond relationship lending (2010)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Insiders' profits, costs of trading, and market efficiency (1986)Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence (1988)Fundamentals and Stock Returns in Japan (1991)Permanent and Temporary Components of Stock Prices (1988)Investor Sentiment and the Closed-End Fund Puzzle (1991)Investor Sentiment and the Closed‐End Fund Puzzle (1991)Real estate is not normal: A fresh look at real estate return distributions (1995)Appraisal Smoothing and Price Discovery in Real Estate Markets (2003)Are REITs real estate? Evidence from international sector level data (2012)Firm Resources and Sustained Competitive Advantage (1991)How much does industry matter? (1991)Firm resources and sustained competitive advantage (2004)Strategic human resource management: Insights from the international hotel industry (2015)Online branding: Development of hotel branding through interactivity theory (2016)Conceptual framework of strategic leadership and organizational resilience for the hospitality and tourism industry for coping with environmental uncertainty (2022)Risk measurement when shares are subject to infrequent trading (1979)Measuring security price performance (1980)Some Empirical Tests of the Theory of Arbitrage Pricing (1983)Fundamental Indexation (2005)Capital Market Equilibrium with Restricted Borrowing (1972)A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)The Behavior of Stock-Market Prices (1965)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)A Test of the Efficiency of a Given Portfolio (1989)Profitability of Momentum Strategies: An Evaluation of Alternative Explanations (2001)Measuring abnormal performance (1992)Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns (1993)Stock prices and the Wall Street weather (1993)The Effects of Beta, Bid-Ask Spread, Residual Risk, and Size on Stock Returns (1989)Abnormal returns to a fundamental analysis strategy. (1998)Arbitrage risk and the book-to-market anomaly (2003)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1981The relationship between return and market value of common stocks5,928 cited
  • 1983Size-related anomalies and stock return seasonality1,800 cited
  • 1981Misspecification of capital asset pricing1,286 cited
  • 1983The anomalous stock market behavior of small firms in January848 cited
  • 1983Transaction costs and the small firm effect529 cited
  • 1981A Possible Explanation of the Small Firm Effect432 cited
  • 1983Transaction costs and the small firm effect431 cited
  • 1993Return Properties of Equity REITs, Common Stocks, and Commercial Real Estate: A Comparison207 cited
  • 1995Real Estate Investment Trusts: A Review of the Financial Economics Literature110 cited

Cited by

  • 2012The role of hotel owners: the influence of corporate strategies on hotel performance124 cited
  • 1997Economies-of-Scale for Real Estate Investment Trusts96 cited
  • 2001The Value of Liquidity82 cited
  • 1998Managerial Style and Firm Value65 cited
  • 2010Institutional Investors and Firm Efficiency of Real Estate Investment Trusts58 cited
  • 2003The Environment and Performance of Real Estate Investment Trusts51 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 2001Explaining the Discount to NAV in REIT Pricing: Noise or Information?44 cited
  • 2003The Cost Efficiency of Real Estate Investment Trusts: An Analysis with a Bayesian Stochastic Frontier Model41 cited
  • 2014The Sources of Risk Spillovers among U.S. REITs: Financial Characteristics and Regional Proximity36 cited
  • 2012Property-type diversification and REIT performance: an analysis of operating performance and abnormal returns33 cited
  • 2003The Role of Singapore REITs in a Downside Risk Asset Allocation Framework30 cited
  • 2010Property Segment and REIT Capital Structure29 cited
  • 1998Debt, Agency and Management Contracts in Reits: The External Advisor Puzzle29 cited
  • 2013Short Sales and Fundamental Value: Explaining the REIT Premium to NAV28 cited
  • 2001Is Bigger Better? A Re-examination of the Scale Economies of REITs22 cited
  • 2009Leverage and NAV discount: evidence from Italian real estate investment funds21 cited