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Paper eres2011_127:
Initial Return Performance of Turkish REIT IPOs

id eres2011_127
authors Arslanli, Kerem Yavuz; Pekdemir, Dilek; Lee, Stephen
year 2011
title Initial Return Performance of Turkish REIT IPOs
source 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
summary Initial Public Offerings (IPOs) of equity securities often exhibit under-pricing; i.e. common stock values tend to rise significantly from the offer price on the first day of trading. The evidence for Real Estate Investment Trust (REIT) IPOs is less consistent. However, most studies are concentrated in the mature REIT markets such as the US, UK and Australia. The present study examines the IPOs in a much smaller and immature REIT market; Turkey.
keywords turkish reits, ipos, initial return performance
series ERES:conference
content file.ppt (460,288 bytes)
discussion No discussions. Post discussion ...
session F1: Investment Trusts (REITs)
last changed 2011/07/16 16:26
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