Leverage Strategies of Asian REITs and Real Estate Operating Companies
The real estate literature has been puzzled by the story of why a tax-exempt vehicle like REITs uses more debt than equity. We used empirical evidence on REITs and real estate operating companies (REOCs) in Japan, Singapore, and Hong Kong from 2006 to 2010 and verified that REITs did use more debt t...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4285 https://ink.library.smu.edu.sg/context/lkcsb_research/article/5284/viewcontent/leverageStrategies.pdf |
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| Institution: | Singapore Management University |
| Language: | English |