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Information asymmetry, long-run relationship and price discovery in property investment markets

Peijie Wang, Colin Lizieri () and George Matysiak

The European Journal of Finance, 1997, vol. 3, issue 3, 261-275

Abstract: The relationships between 'direct' and 'indirect' property investment, emphasizing information asymmetry and price discovery, have been investigated in the framework of cointegration and using the concept of Granger causality. The implications of information asymmetry in the market have been discussed and explanations offered.

Keywords: Direct Indirect Property Investment Information Asymmetry Price Discovery (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1080/135184797337471

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