Sponsor backing in Asian REIT IPOs
This paper tests the significance of sponsors in REIT IPOs viz-a-viz quality certification, signal of firm value, and commitment to alleviate moral hazard concerns. We model the REIT pricing and sponsor share retention decisions within a simultaneous decision framework as motivated by Grinblatt and...
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| Main Authors: | , , |
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| Format: | Article |
| Published: |
Springer US
2013
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/15427/ http://doi.org/10.1007/s11146-011-9336-x |
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| Institution: | Universiti Utara Malaysia |