Shareholder wealth effects of private pl
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Eric Higgins; Shawn Howton; Shelly Howton
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Article
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2004
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Wiley (John Wiley & Sons)
β 266 KB
## Abstract This study examined both the shortβrun and longβrun shareholder wealth effects of private placements of debt made by Real Estate Investment Trusts (REITs). The authors found that there is no significant market reaction to the placement. Oneβyear and threeβyear adjusted abnormal returns