The Impact of REIT Ratings on Stock Price and Shareholder Wealth
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Beckmann,Klaus S. | - |
dc.contributor.author | Jin, Changha | - |
dc.date.accessioned | 2021-06-23T04:02:32Z | - |
dc.date.available | 2021-06-23T04:02:32Z | - |
dc.date.created | 2021-02-18 | - |
dc.date.issued | 2013-03 | - |
dc.identifier.issn | 2154-8919 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/28805 | - |
dc.description.abstract | We have analyzed the market reaction to REIT preferred stock ratings announced by Moody's Investors Service from 1999 to 2009 that are related to four types of rating events; first time ratings, outlook changes, reviews and actual rating changes. The results suggest a significant market reaction to rating upgrades of 1.08% abnormal return, and downgrades and negative outlooks of -2.28% and -2.67% abnormal returns, respectively. Compared to the non-REIT literature, the abnormal returns are smaller in magnitude which implies a relatively smaller information asymmetry within the REIT market with diversification opportunities for global investors. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | GLOBAL SOCIAL SCIENCE INST | - |
dc.title | The Impact of REIT Ratings on Stock Price and Shareholder Wealth | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Jin, Changha | - |
dc.identifier.doi | 10.53383/100167 | - |
dc.identifier.scopusid | 2-s2.0-85136961663 | - |
dc.identifier.bibliographicCitation | International Real Estate Review, v.16, no.2, pp.134 - 146 | - |
dc.relation.isPartOf | International Real Estate Review | - |
dc.citation.title | International Real Estate Review | - |
dc.citation.volume | 16 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 134 | - |
dc.citation.endPage | 146 | - |
dc.type.rims | ART | - |
dc.description.journalClass | 1 | - |
dc.description.isOpenAccess | N | - |
dc.description.journalRegisteredClass | scopus | - |
dc.subject.keywordAuthor | REITs | - |
dc.subject.keywordAuthor | Investment Strategy | - |
dc.subject.keywordAuthor | Information Asymmetry | - |
dc.subject.keywordAuthor | Asset Pricing | - |
dc.subject.keywordAuthor | Preferred Stock Rating | - |
dc.identifier.url | https://www.gssinst.org/irer/wp-content/uploads/2020/10/v16n2-the-impact-of-reit-ratings-on-stock-price-and-shareholder-wealth.pdf | - |
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