The results of a study are detailed to explain that the announcement of a real estate development joint venture is associated with no significant share price reaction. A sampling of 24 joint ventures is identified and analyzed using standard event study methods.
Corgel, J. B. & Rogers, R. C. (1987). Corporate real estate joint ventures and security price performance [Electronic article]. Real Estate Issues, 12(2), 1-4. Retrieved [insert date], from Cornell University, School of Hospitality Administration site: http://scholarship.sha.cornell.edu/articles/555/