The information content of funds from operations and net income in real estate investment trusts
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Seok, Sang Ik | ko |
| dc.contributor.author | Cho, Hoon | ko |
| dc.contributor.author | Ryu, Doojin | ko |
| dc.date.accessioned | 2020-04-10T05:20:08Z | - |
| dc.date.available | 2020-04-10T05:20:08Z | - |
| dc.date.created | 2020-04-08 | - |
| dc.date.created | 2020-04-08 | - |
| dc.date.created | 2020-04-08 | - |
| dc.date.issued | 2020-01 | - |
| dc.identifier.citation | NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, v.51 | - |
| dc.identifier.issn | 1062-9408 | - |
| dc.identifier.uri | http://hdl.handle.net/10203/273868 | - |
| dc.description.abstract | This study compares the information content of funds from operations (FFO) and net income (NI) in the real estate investment trust (REIT) industry. We find that models using FFO explain more of the variance in cumulative abnormal returns around earnings announcement dates than models using NI do. We also find that the information content of FFO differs across REITs of different sizes. FFO does not provide useful information to investors in the case of large REITs. Finally, we show that the gain or loss from sales of property is relevant to valuing large REITs. | - |
| dc.language | English | - |
| dc.publisher | ELSEVIER SCIENCE INC | - |
| dc.title | The information content of funds from operations and net income in real estate investment trusts | - |
| dc.type | Article | - |
| dc.identifier.wosid | 000520948300057 | - |
| dc.identifier.scopusid | 2-s2.0-85073229012 | - |
| dc.type.rims | ART | - |
| dc.citation.volume | 51 | - |
| dc.citation.publicationname | NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE | - |
| dc.identifier.doi | 10.1016/j.najef.2019.101063 | - |
| dc.contributor.localauthor | Cho, Hoon | - |
| dc.contributor.nonIdAuthor | Ryu, Doojin | - |
| dc.description.isOpenAccess | N | - |
| dc.type.journalArticle | Article | - |
| dc.subject.keywordAuthor | Earnings announcement | - |
| dc.subject.keywordAuthor | Funds from operations | - |
| dc.subject.keywordAuthor | Market reaction | - |
| dc.subject.keywordAuthor | Net income | - |
| dc.subject.keywordAuthor | Real estate investment trust | - |
| dc.subject.keywordPlus | UNEXPECTED EARNINGS | - |
| dc.subject.keywordPlus | MODEL | - |
| dc.subject.keywordPlus | RETURNS | - |
| dc.subject.keywordPlus | TESTS | - |
- Appears in Collection
- MT-Journal Papers(저널논문)
- Files in This Item
- There are no files associated with this item.
This item is cited by other documents in WoS
| ⊙ Detail Information in WoSⓡ | Click to see |  |
| ⊙ Cited 4 items in WoS | Click to see citing articles in |  |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.