School of Business, University of Southern California; **Fisher College of Business, The Ohio State University. This …

errors are my own. Financial support from the Dice Center for Research in Financial Economics is gratefully acknowledged ….1 REITs A REIT is a corporation or business trust that invests in large-scale, income-producing commercial real estate … also relatively young flrms, especially the UPREITs. By 2000, the median years in business is 12 years for REITs and 6 …

. Webb Professor of Finance in the Fisher College of Business, Ohio State University, Columbus, Ohio 43210-1144, U … assistance. The Central Research Institute of Electric Power Industry in Japan and the Dice Center for Financial Economics … of studies that have been devoted to this question in the fields of economics, statistics, mathematics, and engineering …

at the McCombs School of Business, University of Texas at Austin. Nardari is an Assistant Professor of Finance at the … WP Carey School of Business, Arizona State University. Stulz is the Everett D. Reese Chair of Banking and Monetary … Economics, Ohio State University, and a Research Associate at the NBER. We are very grateful to Sriram Villupuram for superb …

G. Andrew Karolyi 1 Department of Finance Fisher College of Business The Ohio State University August 4, 2004 … Charles R. Webb Professor of Finance, Fisher College of Business, The Ohio State University, 2100 Neil Avenue, Columbus, OH … encouraging me to pursue this project and the NYSE and Dice Center for Financial Economics at Ohio State University for financial …

University, Faculty of Finance, College of Business, Columbus, Ohio, 43210 Phone: 614-292- 1580; e-mail: Walkling.1@osu …. Unpublished working paper. Stockholm School of Economics. Boone, A., Mulherin, J. H. 2002. Corporate Restrucutring and … rationale behind interfirm tender offers: Information or Synergy? Journal of Financial Economics 11, 183-206. Brown and Warner …

Economics at the Ohio State University is gratefully acknowledged. y Correspondence to: Bing Han, Department of Finance; The … contract month. Trading ceases on the business day preceding the day on which the exercise-settlement value is calculated … updated weekly in the Investor's Business Daily, and the AAII polls are available each week in the Barron's. The bull …

;⁄, Robert Noahd aLeeds School of Business, University of Colorado, Boulder, CO 80309-0419, USA bSchulich School of Business …, York University, Toronto, Ont. M3J 1P3, Canada cFisher College of Business, Ohio State University, Columbus, OH 43210 … importance of both synergies and target-specific im- provements such as removal of bad management. Although the business press …

*René M. Stulz is the Reese Professor of Banking and Monetary Economics, The Ohio State University, Columbus, Ohio, and … State at the Graduate School of Business of the University of Chicago when I wrote this paper. I thank Soehnke Bartram, Jim …-to-model degenerates into what I would call mark-to-myth.” This may help explain why Warren Buffett, at a speech at the Harvard Business …