This paper extends the literature on the consequences of over-education, in particular quit outcomes. It is the first study that explicitly tests the impact of job satisfaction and on-the-job training for workers in educational mismatched jobs and on quit behavior using a longitudinal data set....

Purpose – The existing literature on real estate investment trust (REIT) capital-structure decisions implicitly excludes either interest payment tax shield benefits or a trust's growth potential. The purpose of this paper is to test the long-term debt leverage decisions of listed property...

The moral hazard problem has been examined in the context of REITs (Edelstein, et al., 2010), securitized real estate (Fan, et al., 2006) and mortgage back securities (Keys, et al. 2009 and 2010; Kau, et al. 2012). Most past studies investigate moral hazard through managerial incentive, with little...

Previous published academic property research has tended to focus on the optimal allocation of real estate from the perspective of large institutions. Little attention has been given to mixed business portfolios of small to medium enterprises. This study seeks to address this imbalance by...

This study empirically investigates the enhancement of cross-sector diversification for investment properties in a small economy, where there are only a few regional choices. It also examines the distinct effects of optional diversification strategies over different economic phases. The study...

Existing literature of earnings management focuses on a wide range of firms and large corporations. However, LPTs are usually limited in the use of accruals for earnings management because of the characteristics of real estate investment. This paper examines earnings management strategies among...

This paper shows that ignoring differences in developers' competitive strength and their bidding behavior in land auctions leads to distorted valuation of urban lands. Using the government's land sale data in Singapore for the sample periods 1990-2011, we found that after controlling for...