Purpose The purpose of this paper is to investigate the underpricing of real estate investment trust (REIT) initial public offerings (IPOs) from January 2010 to June 2015, as the sector recovered from the global financial crisis. Design/methodology/approach This study analyses the first day...

Deposit insurance schemes were an important element in policy responses tothe global financial crisis (GFC). There has been considerable debate about thenature and efficacy of such policy measures in alleviating the fallout fromfinancial crises. The GFC highlighted problems associated with...