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An analysis of gains to acquiring firm's shareholders : The special case of REITs

Citations

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Cited by:

  1. Changha Jin & Kwanyoung Kim, 2017. "Do Economies of Scale Exist? : Evidence from Korean REITs," International Real Estate Review, Global Social Science Institute, vol. 20(3), pages 349-374.
  2. Jin-Ray Lu & Chih-Chiang Huang, 2015. "Identifying Stock Market Reactions to Acquisition Announcements in Taiwan Land Auction," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(8), pages 1014-1028, August.
  3. Jarl G. Kallberg & Yoshiki Shimizu, 2023. "Acquisitions and the Opportunity Set," The Journal of Real Estate Finance and Economics, Springer, vol. 66(4), pages 904-938, May.
  4. Guojie Ma, 2016. "Corporate Behaviour and Market Integration: Evidence from the Asia-Pacific Real Estate Market," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 3-2016, January-A.
  5. S. Price & Jesus Salas & C. Sirmans, 2015. "Governance, Conference Calls and CEO Compensation," The Journal of Real Estate Finance and Economics, Springer, vol. 50(2), pages 181-206, February.
  6. Chinmoy Ghosh & Erasmo Giambona & John Harding & C. Sirmans, 2011. "How Entrenchment, Incentives and Governance Influence REIT Capital Structure," The Journal of Real Estate Finance and Economics, Springer, vol. 43(1), pages 39-72, July.
  7. Fan Zhang & Joseph T. L. Ooi, 2022. "CEO's age and acquisition behaviors of REITs," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(4), pages 1107-1140, December.
  8. Ahmad Ismail & Ian Davidson, 2005. "Further analysis of mergers and shareholder wealth effects in European banking," Applied Financial Economics, Taylor & Francis Journals, vol. 15(1), pages 13-30.
  9. David Ling & Milena Petrova, 2011. "Why Do REITs Go Private? Differences in Target Characteristics, Acquirer Motivations, and Wealth Effects in Public and Private Acquisitions," The Journal of Real Estate Finance and Economics, Springer, vol. 43(1), pages 99-129, July.
  10. Willard McIntosh & Dennis T. Officer & Jeffrey A. Born, 1989. "The Wealth Effects of Merger Activities: Further Evidence from Real Estate Investment Trusts," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 141-156.
  11. Eli Beracha & Zifeng Feng & William Hardin, 2017. "The Operational Efficiency of REITs," ERES eres2017_50, European Real Estate Society (ERES).
  12. James C. Brau & Andrew Holmes, 2001. "Using REITs to Extricate the Effect of Managerial Signalling in Open Market Share Repurchase Announcements," ERES eres2001_123, European Real Estate Society (ERES).
  13. K. Chau & S. Wong & C. Yiu & Maurice Tse & Frederik Pretorius, 2010. "Do Unexpected Land Auction Outcomes Bring New Information to the Real Estate Market?," The Journal of Real Estate Finance and Economics, Springer, vol. 40(4), pages 480-496, May.
  14. Ko Wang & John Erickson & Su Han Chan, 1995. "Does the REIT Stock Market Resemble the General Stock Market?," Journal of Real Estate Research, American Real Estate Society, vol. 10(4), pages 445-460.
  15. Joseph R. Nicholson & James A. Stevens, 2022. "REIT Operational Efficiency: External Advisement and Management," The Journal of Real Estate Finance and Economics, Springer, vol. 65(1), pages 127-151, July.
  16. Ghosh, Chinmoy & Petrova, Milena & Xiao, Yihong, 2012. "Do REITs use cash reserves efficiently? Evidence from corporate acquisitions," Journal of International Money and Finance, Elsevier, vol. 31(7), pages 1953-1970.
  17. repec:uts:finphd:35 is not listed on IDEAS
  18. Chiuling Lu & Tzujui Mao & Yang-pin Shen, 2015. "Beyond friendly acquisitions: the case of REITs," Review of Quantitative Finance and Accounting, Springer, vol. 44(1), pages 139-159, January.
  19. Mansley, Nick & Wang, Zilong & Weng, Xiaoyu & Zhang, Wenjing, 2023. "Good growth, bad growth: Market reaction to capital raising for REIT expansion," International Review of Financial Analysis, Elsevier, vol. 86(C).
  20. Kenneth Daniels & Richard A. Phillips, 2007. "The Valuation Impact of Financial Advisors: An Empirical Analysis of REIT Mergers and Acquisitions," Journal of Real Estate Research, American Real Estate Society, vol. 29(1), pages 57-64.
  21. Mehmet Akbulut & Su Han Chan & Mariya Letdin, 2015. "Calendar Anomalies: Do REITs Behave Like Stocks?," International Real Estate Review, Global Social Science Institute, vol. 18(2), pages 177-215.
  22. Martina Bers & Thomas M. Springer, 1997. "Economies of Scale for Real Estate Investment Trusts," Journal of Real Estate Research, American Real Estate Society, vol. 14(3), pages 275-290.
  23. Kiplan Womack, 2012. "Real Estate Mergers: Corporate Control & Shareholder Wealth," The Journal of Real Estate Finance and Economics, Springer, vol. 44(4), pages 446-471, May.
  24. Fayez A. Elayan & Thomas O. Meyer & Jingyu Li, 2006. "Evidence from Tax-Exempt Firms on Motives for Participating in Sale-Leaseback Agreements," Journal of Real Estate Research, American Real Estate Society, vol. 28(4), pages 381-410.
  25. J. Mulherin & Kiplan Womack, 2015. "Competition, Auctions & Negotiations in REIT Takeovers," The Journal of Real Estate Finance and Economics, Springer, vol. 50(2), pages 151-180, February.
  26. David H. Downs & Steffen Sebastian & René-Ojas Woltering, 2017. "Public vs. Private Market Arbitrage – Can Growth REITs Benefit from their High Valuation?," ERES eres2017_329, European Real Estate Society (ERES).
  27. Fayez A. Elayan, 1993. "The Announcement Effect of Real Estate Joint Ventures on Returns to Stockholders: An Empirical Investigation," Journal of Real Estate Research, American Real Estate Society, vol. 8(1), pages 13-26.
  28. Ruoran Xu & Joseph T. L. Ooi, 2018. "Good Growth, Bad Growth: How Effective are REITs’ Corporate Watchdogs?," The Journal of Real Estate Finance and Economics, Springer, vol. 57(1), pages 64-86, July.
  29. Alan T. Wang & Yu-Hong Liu & Yu-Chen Chang, 2018. "An Analysis of Gains to US Acquiring REIT Shareholders in Domestic and Cross-Border Mergers before and after the Subprime Mortgage Crisis," Sustainability, MDPI, vol. 10(12), pages 1-13, December.
  30. Mine AKSOY & Veysel ULUSOY, 2015. "Analysis Of Relative Return Behaviour Of Borsa Istanbul Reit And Borsa Istanbul 100 Index," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 107-128, March.
  31. James C. Brau & Andrew Holmes, 2006. "Why Do REITs Repurchase Stock? Extricating the Effect of Managerial Signaling in Open Market Share Repurchase Announcements," Journal of Real Estate Research, American Real Estate Society, vol. 28(1), pages 1-24.
  32. Julia Freybote & Lihong Qian, 2015. "The impact of asset location on REIT merger decisions," Journal of Property Research, Taylor & Francis Journals, vol. 32(2), pages 103-122, June.
  33. Piet Eichholtz & Nils Kok, 2008. "How Does the Market for Corporate Control Function for Property Companies?," The Journal of Real Estate Finance and Economics, Springer, vol. 36(2), pages 141-163, February.
  34. Darrat, Ali F & Glascock, John L, 1993. "On the Real Estate Market Efficiency," The Journal of Real Estate Finance and Economics, Springer, vol. 7(1), pages 55-72, July.
  35. Robert Campbell & Chinmoy Ghosh & Milena Petrova & C. Sirmans, 2011. "Corporate Governance and Performance in the Market for Corporate Control: The Case of REITs," The Journal of Real Estate Finance and Economics, Springer, vol. 42(4), pages 451-480, May.
  36. Michael C. Jensen, 1987. "The free cash flow theory of takeovers: a financial perspective on mergers and acquisitions and the economy," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 31, pages 102-148.
  37. Sridhar Gogineni & Pawan Jain, 2021. "The Role of Target Termination Fees in REIT Mergers," The Journal of Real Estate Finance and Economics, Springer, vol. 63(1), pages 1-39, July.
  38. John L. Glascock & Wallace N. Davidson & C.F. Sirmans, 1989. "An Analysis of the Acquisition and Disposition of Real Estate Assets," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 131-140.
  39. Anderson, Randy I. & Fok, Robert & Springer, Thomas & Webb, James, 2002. "Technical efficiency and economies of scale: A non-parametric analysis of REIT operating efficiency," European Journal of Operational Research, Elsevier, vol. 139(3), pages 598-612, June.
  40. Seow Ong & Joseph Ooi & Yuichiro Kawaguichi, 2011. "Seasoned Equity Issuance by Japan and Singapore REITs," The Journal of Real Estate Finance and Economics, Springer, vol. 43(1), pages 205-220, July.
  41. Edward F. Pierzak, 2001. "Payment Choice in REIT Property Acquisitions," Journal of Real Estate Research, American Real Estate Society, vol. 21(1/2), pages 105-140.
  42. Liu Xiaoxin & Wu Di & Li Xiuting & Dong Jichang, 2013. "Financing of Low-Rent Housing REITs in China," Journal of Systems Science and Information, De Gruyter, vol. 1(1), pages 1-21, February.
  43. Eli Beracha & Zifeng Feng & William G. Hardin, 2019. "REIT Operational Efficiency: Performance, Risk, and Return," The Journal of Real Estate Finance and Economics, Springer, vol. 58(3), pages 408-437, April.
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