Title

One Pot Synthesis Of Rgo/Pbs Nanocomposite And Its Near Infrared Photoresponse Study

Abstract

This article examines real estate investment trusts (REITs) to determine the correspondence between short interest and subsequent prices. The theoretical basis for our tests comes from the overvaluation conditions created by a combination of costly short selling and heterogeneous beliefs. This article exploits the unique characteristics of REITS as they are similar with respect to high dividend payouts and differentiated by underlying real asset investments. An innovative aspect of the methodology involves partitioning firms based on investment focus as a proxy for transparency and as a determinant of heterogeneous beliefs regarding valuation. The findings (i) affirm the information content of REIT short interest and (ii) highlight the importance of investment focus in resolving the divergence in investor opinions of value. Overvaluation conditions exist among REITs with greater short interest and less transparency, whereas such valuation conditions do not appear among transparent REITs, regardless of the level of short selling. © 2011 American Real Estate and Urban Economics Association.

Publication Date

6-1-2012

Publication Title

Applied Physics A: Materials Science and Processing

Volume

107

Issue

2

Number of Pages

995-1001

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1007/s00339-012-6863-0

Socpus ID

84861577392 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84861577392

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