Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/219749
Title: GROWTH OPPORTUNITIES AND CAPITAL STRUCTURE OF REITS
Authors: PHAM NGUYEN KHANH TRANG
Keywords: Real Estate
Addae-Dapaah Kwame
2009/2010 RE
Capital structure
REIT
Issue Date: 1-Jun-2010
Citation: PHAM NGUYEN KHANH TRANG (2010-06-01T09:28:26Z). GROWTH OPPORTUNITIES AND CAPITAL STRUCTURE OF REITS. ScholarBank@NUS Repository.
Abstract: Much of the literature on capital structure on Real Estate Investment Trust concentrates on the US market. As such, this study attempts to embark on the rather unexplored market-Asia Pacific, specifically Australia, Japan, Singapore, HongKong. The study seeks to find the impact of the growth opportunities on the capital structure of REITs. Analysis of data from 124 REITs over these 4 markets has revealed that REITs with more growth opportunities employ less debt. The result on debt maturity, however, is not conclusive. We found this finding as supportive of trade-off theory. REITs, due to their special regulation, are not able to enjoy the benefit of tax deductibility status. Therefore, according to trade-off theory, the benefits of debt financing are not traded off against the costs.
URI: https://scholarbank.nus.edu.sg/handle/10635/219749
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Pham Nguyen Khanh Trang 2009-2010.pdf385.56 kBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

7
checked on Sep 29, 2022

Download(s)

3
checked on Sep 29, 2022

Google ScholarTM

Check


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