Hartzell, Jay C. (contributor); Titman, Sheridan (contributor) - 2010
disposition effect in corporateinvestment decisions. Chapter 4 provides a summary of the existing literature related to … properties’ prices since they were acquired. In addition, I find evidencethat this behavior is consistent with the disposition … effect. REIT managers are significantlyless likely to sell properties that have a loss relative to a reference point based on …