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https://scholarbank.nus.edu.sg/handle/10635/13130
DC Field | Value | |
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dc.title | Testing capital structure theories : Evidence from REITs | |
dc.contributor.author | DANG FANG | |
dc.date.accessioned | 2010-04-08T10:30:18Z | |
dc.date.available | 2010-04-08T10:30:18Z | |
dc.date.issued | 2008-06-02 | |
dc.identifier.citation | DANG FANG (2008-06-02). Testing capital structure theories : Evidence from REITs. ScholarBank@NUS Repository. | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/13130 | |
dc.description.abstract | The trade-off theory, the pecking order theory and the market timing theory are three competing theories of capital structure that have been widely examined in finance literature. But empirical tests of REITs capital structure were limited.This study employs a partial adjustment model of Fama and French (2002) and a market timing model of Baker and Wurgler (2002) to test the applicability of the three competing theories in explaining the capital structure of REITs. The results show that REITs financing behavior was consistent with the trade-off theory. For the other two theories, the hypotheses could not be rejected. | |
dc.language.iso | en | |
dc.subject | Capital Structure Theories, Trade-off Theory, Pecking Order Theory, Market Timing Theory, REITs, Target Leverage | |
dc.type | Thesis | |
dc.contributor.department | REAL ESTATE | |
dc.contributor.supervisor | SING TIEN FOO | |
dc.description.degree | Master's | |
dc.description.degreeconferred | MASTER OF SCIENCE (ESTATE MANAGEMENT) | |
dc.identifier.isiut | NOT_IN_WOS | |
Appears in Collections: | Master's Theses (Open) |
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Files in This Item:
File | Description | Size | Format | Access Settings | Version | |
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cover Page_Dang Fang.pdf | 5.7 kB | Adobe PDF | OPEN | None | View/Download | |
Testing Capital Structure Theories _revised 25-5-2008_.pdf | 546.62 kB | Adobe PDF | OPEN | None | View/Download |
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