Abstract
In real estate capital markets several phenomena are observable that are difficult to explain with the efficient market hypothesis. Property companies typically offer market capitalizations that are smaller than their net asset value (NAV), closed-end funds are usually traded at a discount to their NAV and real estate investment trusts are often mispriced. Attempts to explain these anomalies are at least incomplete.
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© 2016 Springer Fachmedien Wiesbaden
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Mathieu, A. (2016). Introduction. In: Essays on the Impact of Sentiment on Real Estate Investments. Essays in Real Estate Research. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-11637-8_1
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DOI: https://doi.org/10.1007/978-3-658-11637-8_1
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Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-11636-1
Online ISBN: 978-3-658-11637-8
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