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Real Estate Investment Trusts and Stock Price Reversals

โœ Scribed by Stephen J. Larson


Book ID
106513685
Publisher
Springer US
Year
2005
Tongue
English
Weight
64 KB
Volume
30
Category
Article
ISSN
0895-5638

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โœ Don Bredin; Gerard O'Reilly; Simon Stevenson ๐Ÿ“‚ Article ๐Ÿ“… 2010 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 158 KB

This paper assesses the response of real estate investment trusts (REIT's) to unexpected changes in US monetary policy. A critical element in this study is the use of futures markets to isolate unexpected changes in the policy rate. We find a significant negative response of REIT returns to a surpri