Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222568
Title: DO LISTED PROPERTY FIRMS AND S-REITS EXHIBIT DIFFERENT FINANCING BEHAVIOUR UNDER SIMILAR MARKET CONDITIONS?
Authors: KAN YOUNG FUI
Keywords: Real Estate
Ooi Thian Leong Joseph
2011/2012 RE
Issue Date: 14-Nov-2011
Citation: KAN YOUNG FUI (2011-11-14). DO LISTED PROPERTY FIRMS AND S-REITS EXHIBIT DIFFERENT FINANCING BEHAVIOUR UNDER SIMILAR MARKET CONDITIONS?. ScholarBank@NUS Repository.
Abstract: The primary interest of this paper is to examine the financing behavior of S-REITs and listed property firms. S-REITs are subjected to regulations such as the leverage limit set by MAS, which listed property firms are not subjected. Using a comprehensive data set consisting of equity and debt issues from 2002 to 2011, it is shown that S-REITs and listed property firms do exhibit different financing behavior under similar market conditions. Evidence was also found that term spread and asset size of S-REITs have significant effect on the decision of S-REITs to issue debt. In addition, leverage ratio and STI return have significant effect on the decision of SREITs to issue equities.
URI: https://scholarbank.nus.edu.sg/handle/10635/222568
Appears in Collections:Bachelor's Theses

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