Gerbich, Marcus; Levis, Mario; Venmore-Rowland, Piers - In: The Journal of Real Estate Finance and Economics 18 (1999) 2, pp. 207-38
In contrast to the well-documented underperformance of equity issuers, property investment firms undertaking initial public offerings and rights issues have performed indistinguishably from similar nonissuing firms. Property development companies that issued equity over the same period performed...