investment trusts (REITs) - a set of institutions identified by the Financial Stability Oversight Council as posing systemic risk …. We document that Agency mortgage REITs: [i] equity prices reacted to QE announcements and in a manner consistent with …

This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …

the dividend policy of REITs plays an important role on the dynamics of the correlation. Dividend payments by Turkish … REITs decrease their conditional correlation with the Turkish stock market while no such relationship is detected in the U ….S. We argue that both the relationship between dividend payments by REITs and REIT correlation with the stock index is …

borrowing against future income. Our results suggest that markets for REITs or other financial contracts facilitating the …

In the first chapter of this dissertation, I hypothesize that several non-tax-driven benefits of debt induce REITs … literature are introduced to the literature of REITs capital structure. First, I investigate how the market prices leverage in … in deriving the capital structure decisions of REITs. Third, I conduct a thought investment experiment with debt …

investment trusts (REITs) and assesses the performance of real estatemutual funds (REMFs). We measure the asymmetric risk through … of REITs reacting to up and down market conditionsdifferently. We find weak evidence that this asymmetric movement of … REITs to market may bedue to small and value components embedded in REITs. We evaluate the performance of realestate mutual …

Numerous studies on Real Estate Investment Trusts (REITs) have claimed that the high dividend payout requirement has … constrained the ability of REITs to use internal earnings and that they have to rely on debt financing to support their funding … requirements. However, there is also some empirical evidence showing that the use of debt by REITs has adverse effects on the …

investment trusts (REITs) and assesses the performance of real estate mutual funds (REMFs). We measure the asymmetric risk …. We do not find significant contemporary relationship between the asymmetric risk and returns of REITs. There are only a … small portion of REITs reacting to up and down market conditions differently. We find weak evidence that this asymmetric …