Bai, Qing; Chang, Qingqing; Devine, Avis - In: International Journal of Managerial Finance 10 (2014) May, pp. 146-167
Purpose – In the wake of the recent financial crisis, there has been extensive commentary regarding the rise and fall of REIT leverage, how much debt REITs should use, and the trendy “deleveraging” practice among REIT managers. The paper aims to discuss these issues....
