Abstract
Executive Summary. This paper examines the reactionsof investors in Real Estate Investment Trusts(REITs) to 11,650 REIT dividend announcements thatoccurred between January 1, 1970 and March 31, 2007.Depending on the situation, there is evidence consistentwith the overreaction hypothesis, the uncertain informationhypothesis, overoptimism, and with market efficiency.The market reaction to a given dividend announcementby a REIT depends not only on the directionof change in the dividend, but also on the prevailingmonetary environment in which the announcement ismade, and on whether the announcement is seen as goodnews, or whether the market views the announcement asconcomitant with bad news.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
