Debt Conservatism and Debt-Equity Choices: Evidence from REITs’ Unused Debt Capacity

We infer debt conservatism behavior by examining how REITs adjust towards their debt capacity following a capital issue or repurchase decision. It is observed that REITs with high unused debt capacity tend to issue equity which renders them more underleveraged for at least two consecutive years. The...

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Bibliographic Details
Main Author: Wong, Woei Chyuan
Format: Article
Language:English
Published: Universiti Utara Malaysia 2017
Subjects:
Online Access:http://repo.uum.edu.my/24955/1/IJBF%20%2013%20%201%202017%201%2028.pdf
http://repo.uum.edu.my/24955/
http://ijbf.uum.edu.my/index.php/latest-ijbf-issue
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