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Mean-Reversion in REITs Discount to NAV & Risk Premium


  • Kanak Patel


  • Ricardo Pereira


  • Kirill Zavodov



No abstract is available for this item.

Suggested Citation

  • Kanak Patel & Ricardo Pereira & Kirill Zavodov, 2009. "Mean-Reversion in REITs Discount to NAV & Risk Premium," The Journal of Real Estate Finance and Economics, Springer, vol. 39(3), pages 229-247, October.
  • Handle: RePEc:kap:jrefec:v:39:y:2009:i:3:p:229-247 DOI: 10.1007/s11146-009-9185-z

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    References listed on IDEAS

    1. Giacomo Morri & Pat McAllister & Charles Ward, 2005. "Explaining Deviations From NAV In UK Property Companies: Rationality And Sentimentality," Real Estate & Planning Working Papers rep-wp2005-20, Henley Business School, Reading University.
    2. Chaudhuri, Kausik & Wu, Yangru, 2003. "Random walk versus breaking trend in stock prices: Evidence from emerging markets," Journal of Banking & Finance, Elsevier, vol. 27(4), pages 575-592, April.
    3. Kawakatsu, Hiroyuki & Morey, Matthew R, 1999. "An Empirical Examination of Financial Liberalization and the Efficiency of Emerging Market Stock Prices," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 22(4), pages 385-411, Winter.
    4. Richard J. Barkham & Charles W. R. Ward, 1999. "Investor Sentiment and Noise Traders: Discount to Net Asset Value in Listed Property Companies in the U.K," Journal of Real Estate Research, American Real Estate Society, vol. 18(2), pages 291-312.
    5. Lee, Charles M C & Shleifer, Andrei & Thaler, Richard H, 1991. " Investor Sentiment and the Closed-End Fund Puzzle," Journal of Finance, American Finance Association, vol. 46(1), pages 75-109, March.
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    1. repec:eee:jbfina:v:86:y:2018:i:c:p:53-69 is not listed on IDEAS
    2. repec:bla:abacus:v:53:y:2017:i:3:p:319-348 is not listed on IDEAS


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