Ting Sham, Hiu; Foo Sing, Tien; Tsai, I‐Chun - In: Journal of Financial Management of Property and Construction 14 (2009) 3, pp. 231-247
Purpose – The purpose of this study is to test whether real estate investment trusts (REITs) are able to reap positive economies of scale with an enlarged asset base, which are translated into lower operating expenses, higher revenue, and better accessibility to capital at competitive costs....