Liu, Crocker; Liu, Peng - In: Journal of Real Estate Research 35 (2013) 3, pp. 249-282
We explore the economic dependence and financial market feedback effects among firms with economic linkages, notably landlord-tenant when shocks occur to the system. In particular, we examine 157 major tenant bankruptcy announcements of retail real estate firms over the 2000 to 2010 period. The...