This study presents a simple formula for the gains from sale and leaseback transactions, based on the traditional theory of a firm. A typical firm, which intends to sell ?% of its whole capital to the SPC and retain the benefits of its location through a tenancy, will be taken as an example. It...

In literature, it is accepted as fact that compulsory purchase and compensation problems are associated with the level of infrastructure development; this paper will try to link these compensation problems and the level of infrastructure development. For this purpose, firstly, it will formulate...

This study formulates Prusa's (1992) theory that anti-dumping regulations facilitate the formation of cartels between an exporter and import-competing firms. It demonstrates that interest rates and product differentiation are two key factors that may determine the robustness of the cartels. It...

It is widely accepted that REITs provide a range of important benefits to companies and investors; if listed on the main market of the stock exchange, they also provide all the other usual benefits associated with the equity market such as access to new investors/capital, tax transparency,...

This paper has two objectives: (1) to formulate a theory of financing through the system of real estate securitization as one option among various kinds of corporate real estate strategies for representative firms aiming for profit expansion; and (2) to show that the nominal interest rate as...