Browsing Cornell Peter and Stephanie Nolan School of Hotel Administration by Author "Aguilar, Mike"

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    • The Dynamics of REIT Pricing Efficiency 

      Aguilar, Mike; Boudry, Walter I.; Connolly, Robert A. (2017-01-01)
      We study the dynamics of pricing efficiency in the equity REIT market from 1993 to 2014. We measure pricing efficiency at the firm level using variance ratios calculated from quote midpoints in the TAQ database. We find ...