Ho, Kim Hin David; Tay, Shea Jean - In: Journal of Property Investment & Finance 34 (2016) 5, pp. 496-520
Purpose – The purpose of this paper is to examine the risk neutral and non-risk neutral pricing of Singapore Real Estate Investment Trusts (S-REITs) via comparing the average of the individual ratios (of deviation between expected and observed closing price/observed closing price) with the...