TY  - THES
N2  - REITs gain significant abnormal stock movement on the announcement day of a property transactions. It appears stock price adjustment to new information takes place in two days prior and one day after the announcement, not on the announcement day itself. This indicates the applied five-day event window is most accurate to capture the sole flux caused by the new information dispensed. Different as hypothesized, it can be concluded that on average, European REITs gain 1,04% cumulative abnormal returns surrounding the announcement date of property transactions. As expected, we found no evidence there is a significant difference between abnormal returns of dispositions and acquisitions.
Y1  - 2013///
TI  - Property transactions and the valuation effects of public REITs
M1  - master
ID  - theses_frw1850
A1  - Abrahams, D.J.A.
AV  - public
UR  - https://frw.studenttheses.ub.rug.nl/1850/
ER  -