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...
محفوظ في:
| المؤلف الرئيسي: | |
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| التنسيق: | مقال |
| اللغة: | English |
| منشور في: |
UUM Press
2017
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://repo.uum.edu.my/id/eprint/29524/1/IJBF%2013%2001%202017%201-28.pdf https://repo.uum.edu.my/id/eprint/29524/ https://e-journal.uum.edu.my/index.php/ijbf/article/view/8496 |
| الوسوم: |
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