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Breuer, Wolfgang (author), Nguyen, Linh D. (author), Steininger, Bertram I. (author)
By using the decomposing market-to-book model and the residual income model to estimate misvaluation, we find empirical evidence supporting the proposition that misvaluation has an impact on the financing decisions and liquidity management of REITs. Regarding the financing decisions, REITs experiencing a high increase in their stock prices will...
conference paper 2017