Wang, Ko; Erickson, John; Gau, George W. - In: Real Estate Economics 21 (1993) 2, pp. 185-201
Previous research on real estate investment trusts (REITs) assumes that their dividend policies are determined solely by tax regulations. We observe, however, that REITs often pay out more dividends than are required by tax rules. This paper examines the dividend policies of REITs by drawing...