Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/46385
Title: An empirical investigation on the incidence of secured debt
Authors: Ooi, J.T.L. 
Keywords: Collateral
Property companies
Secured debt
Issue Date: 2000
Source: Ooi, J.T.L. (2000). An empirical investigation on the incidence of secured debt. Journal of Property Research 17 (3) : 185-201. ScholarBank@NUS Repository.
Abstract: This paper examines the incidence of secured debt amongst UK property companies. The empirical evidence shows that nearly three quarters of all outstanding loans of the quoted property sector are issued on a secured basis. Results of the tobit regressions appear to suggest that small and risky property companies do not have much choice but to issue secured debt. The evidence also shows that the incidence of secured debt is positively related to the company's involvement in property trading and development activities. The study further indicates that secured debt plays an important role in reducing borrowing costs and expanding debt capacity of property companies. The signalling role of secured debt is, however, not substantiated.
Source Title: Journal of Property Research
URI: http://scholarbank.nus.edu.sg/handle/10635/46385
ISSN: 09599916
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

Page view(s)

87
checked on Dec 15, 2017

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.