MARKET SIGNALS ASSOCIATED WITH TAIWAN REIT IPOS: REACTIONS OF NON-REIT REAL ESTATE STOCKS

Ming-Long Lee, Shew-Huei Kuo, Ming-Te Lee and Chia-Wei Lin

Journal of Real Estate Literature, 2011, vol. 19, issue 1, 93-110

Abstract: This study examines the influence of real estate investment trust (REIT) initial public offering (IPO) announcements on the returns of non-REIT real estate stocks in Taiwan. In contrast to the Malaysian study of Sing, Ho, and Mak (2002), we find that Taiwan REIT IPOs have favorable effects on these stocks. Moreover, investors can obtain higher abnormal returns from investing in underpriced non-REIT real estate stocks following Taiwan REIT IPO announcements.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2011.12090294 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjelxx:v:19:y:2011:i:1:p:93-110

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjel20

DOI: 10.1080/10835547.2011.12090294

Access Statistics for this article

Journal of Real Estate Literature is currently edited by Sophia Dermisi and Kimberly Winson

More articles in Journal of Real Estate Literature from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().