Determinants and Impacts of Initial Day Return of REIT IPOs: Evidence from U.S. REITs Market

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Determinants and Impacts of Initial Day Return of REIT IPOs: Evidence from U.S. REITs Market

This study examines the initial day return of REIT IPOs using a sample of 174 U.S. Real Estate Investment Trust (REIT) IPOs during the period 1995 to 2014 and finds a significant 2.69% underpricing. The study employs OLS regression analysis to investigate the determinants of initial day return of U....

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Bibliographic Details
Main Author:	Zhang, Tian
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2015
Online Access:	https://eprints.nottingham.ac.uk/30028/

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