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| 003 | ZW-GwMSU | ||
| 005 | 20240424063320.0 | ||
| 008 | 230628b |||||||| |||| 00| 0 eng d | ||
| 022 | _a13504851 | ||
| 040 |
_aMSU _cMSU _erda _bEnglish |
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| 050 | 0 | 0 | _aHB1.A666 APP |
| 100 | 1 |
_aPattitoni, Pierpaolo _eauthor |
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| 245 | 1 | 0 |
_aNAV discount in REITs: _bthe role of expert assessors/ _ccreated by Pierpaolo Pattitoni |
| 264 | 1 |
_aNew York: _bTaylor and Francis, _c2013. |
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| 336 |
_2rdacontent _atext _btxt |
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| 337 |
_2rdamedia _aunmediated _bn |
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| 338 |
_2rdacarrier _avolume _bnc |
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| 440 |
_aApplied economics letters _vVolume 20, number 2 |
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| 520 | 3 | _aUsing a unique hand-collected data set that comprises the 2009 balance sheets of all Italian listed Real Estate Investment Trusts (REITs), we test whether Net Asset Value (NAV) discount can be explained by expert assessor overestimations. Our results suggest that expert assessors make conservative assessments of NAV values; thus, they are not responsible for NAV discounts. Furthermore, using the balance sheet disaggregated data of each REIT, we cluster properties by region and intended use and find that certain regions and types of properties are more discount-prone than others | |
| 650 |
_aNAV discount _vExpert assessors _xREITs |
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| 700 | 1 |
_aPetracci, Barbara _eco author |
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| 700 | 1 |
_aSpisni, Massimo _eco author |
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| 856 | _uhttps://doi.org/10.1080/13504851.2012.689103 | ||
| 942 |
_2lcc _cJA |
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| 999 |
_c162764 _d162764 |
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