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Article: Are Real Estate IPOs A Different Species? Evidence from Hong Kong IPOs
| Title | Are Real Estate IPOs A Different Species? Evidence from Hong Kong IPOs |
|---|---|
| Authors | |
| Keywords | Real estate investment trusts Going public (Securities) Real property Capital market Real estate investment |
| Issue Date | 2001 |
| Publisher | American Real Estate Society. The Journal's web site is located at http://aux.zicklin.baruch.cuny.edu/jrer/ |
| Citation | Journal of Real Estate Research, 2001, v. 21 n. 3, p. 337-356 How to Cite? |
| Abstract | It is well documented that in the United States, real estate investment trust (REIT) initial public offerings (IPOs) have an abnormally low initial-day return when compared to that of industrial firm IPOs. Researchers suspect that the abnormal return pattern of REIT IPOs is caused by their unique real estate holdings. Examination of 399 IPOs issued in Hong Kong during the 1986-1997 period reveals strong evidence that suggests that underlying real estate holdings cannot be the sole reason for the observed low initial-day return of REIT IPOs. This investigation indicates that there is a need to re-think the current explanations for the abnormal performance of REIT IPOs |
| Persistent Identifier | http://hdl.handle.net/10722/223799 |
| ISSN | 2021 Impact Factor: 1.825 2020 SCImago Journal Rankings: 0.360 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Chan, SH | - |
| dc.contributor.author | Stohs, MH | - |
| dc.contributor.author | Wang, K | - |
| dc.date.accessioned | 2016-03-17T06:19:16Z | - |
| dc.date.available | 2016-03-17T06:19:16Z | - |
| dc.date.issued | 2001 | - |
| dc.identifier.citation | Journal of Real Estate Research, 2001, v. 21 n. 3, p. 337-356 | - |
| dc.identifier.issn | 0896-5803 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/223799 | - |
| dc.description.abstract | It is well documented that in the United States, real estate investment trust (REIT) initial public offerings (IPOs) have an abnormally low initial-day return when compared to that of industrial firm IPOs. Researchers suspect that the abnormal return pattern of REIT IPOs is caused by their unique real estate holdings. Examination of 399 IPOs issued in Hong Kong during the 1986-1997 period reveals strong evidence that suggests that underlying real estate holdings cannot be the sole reason for the observed low initial-day return of REIT IPOs. This investigation indicates that there is a need to re-think the current explanations for the abnormal performance of REIT IPOs | - |
| dc.language | eng | - |
| dc.publisher | American Real Estate Society. The Journal's web site is located at http://aux.zicklin.baruch.cuny.edu/jrer/ | - |
| dc.relation.ispartof | Journal of Real Estate Research | - |
| dc.subject | Real estate investment trusts | - |
| dc.subject | Going public (Securities) | - |
| dc.subject | Real property | - |
| dc.subject | Capital market | - |
| dc.subject | Real estate investment | - |
| dc.title | Are Real Estate IPOs A Different Species? Evidence from Hong Kong IPOs | - |
| dc.type | Article | - |
| dc.identifier.email | Chan, SH: schan@business.hku.hk | - |
| dc.identifier.hkuros | 63503 | - |
| dc.identifier.volume | 21 | - |
| dc.identifier.issue | 3 | - |
| dc.identifier.spage | 337 | - |
| dc.identifier.epage | 356 | - |
| dc.publisher.place | United States | - |
| dc.identifier.issnl | 0896-5803 | - |