Abstract
Corporate real estate assets have long been thought to be undervalued by firm managers. Finance research has provided evidence that if assets are separated from the firm for financing purposes, revaluation occurs and parent firms experience a positive share price response. This study compares the parent share price reaction when real estate master limited partnerships (MLPs) are created with the parent share price impact when non-real estate MLPs are formed. The study provides evidence that parent firms creating non-real estate MLPs experience a positive, sustained increase in wealth while firms forming real estate MLPs experience no significant wealth impact.
Sign-in/Register to access full text options 
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.
