thechoices of the model and the market index being used.The second essay examines the liquidity of Asian REITs. We use various … significant difference in liquidity betweenSREITs and Singaporean common stocks. There is also strong evidence that US REITs … investment trusts (REITs) and assesses the performance of real estatemutual funds (REMFs). We measure the asymmetric risk through …

Asian REITs. We use various measures to assess the liquidity of JREITs and SREITs. The overall evidence indicates that the … investment trusts (REITs) and assesses the performance of real estate mutual funds (REMFs). We measure the asymmetric risk …. We do not find significant contemporary relationship between the asymmetric risk and returns of REITs. There are only a …

inducing the firm to emit at the socially optimal level. This is due to the different effects that spillovers have on the firm …

In the first chapter of this dissertation, I hypothesize that several non-tax-driven benefits of debt induce REITs … in deriving the capital structure decisions of REITs. Third, I conduct a thought investment experiment with debt … strong evidence that during financial crisis debt-restricted REITs perform better than non-restricted ones. Also I find …

In the first chapter of this dissertation, I hypothesize that several non-tax-driven benefits of debt induce REITs … in deriving the capital structure decisions of REITs. Third, I conduct a thought investment experiment with debt … strong evidence that during financial crisis debt-restricted REITs perform better than non-restricted ones. Also I find …

debt as they coincide with asignificant decrease in cash holdings and an increase in short term liabilities. These firms … alsoincrease their use of operating leases, which, due to their priority in bankruptcy, have similarcharacteristics as secured debt … Investment Trusts (REITs) to test for the presence of thedisposition effect in corporate investments. The results show strong …