Ghosh, Chinmoy; Guttery, Randall S.; Sirmans, C.F. - In: Real Estate Economics 25 (1997) 4, pp. 591-614
This article investigates the contagious movement of financial institutions' common stock prices in response to real estate news. The basic hypothesis is that because real estate assets are traded infrequently, the market has incomplete information about their true value. The stock price...