Lu, Chia-Wu; Chen, Tsung-Kang; Liao, Hsien-Hsing - In: Managerial Finance 40 (2014) 1, pp. 72-96
Purpose – Real estate investment trust (REIT) stocks are well known for limited management discretion in investment, financing, and payout policies, implying little information asymmetry between informed and uninformed investors. Besides, due to the renowned illiquidity and complexity of...
