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Financing Choice and Liability Structure of Real Estate Investment Trusts
16 references·16 citing·37 second hopsampled
Financing Choice and Liability Structure of Real Estate Investment Trusts (2003)Financing Choice and Liability Structure …How Much of the Corporate-Treasury Yield Spread Is Due to Credit Risk? (2012)How Much of the Corporate-Tre…Market Timing and Capital Structure (2002)Market Timing and Capital Str…Do Credit Spreads Reflect Stationary Leverage Ratios? (2001)Do Credit Spreads Reflect Sta…The Slope of the Credit Yield Curve for Speculative‐Grade Issuers (1999)The Slope of the Credit Yield…Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.1 (1999)Testing static tradeoff again…The Determinants of the Maturity of Corporate Debt Issues (1996)The Determinants of the Matur…The Determinants of Corporate Debt Maturity Structure (1996)The Determinants of Corporate…Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads (1996)Optimal Capital Structure, En…A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)A Simple Approach to Valuing …Debt Maturity Structure and Liquidity Risk (1991)Debt Maturity Structure and L…Term premiums and default premiums in money markets (1986)Term premiums and default pre…Predicting returns in the stock and bond markets (1986)Predicting returns in the sto…An analysis of secured debt (1985)An analysis of secured debtCorporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Principles of Corporate Finance. (1981)Principles of Corporate Finan…The Bankruptcy Decision (1978)The Bankruptcy DecisionFirm Leverage and Stock Price Crash Risk: The Chinese Real Estate Market and Three-Red-Lines Policy (2023)Firm Leverage and Stock Price…REIT Leverage and Return Performance: Keep Your Eye on the Target (2016)REIT Leverage and Return Perf…Heterogeneous Investor Sentiment and Institutional Real Estate Investments (2016)Heterogeneous Investor Sentim…Asset Growth and Stock Performance: Evidence from REITs (2016)Asset Growth and Stock Perfor…Leverage and Returns: A Cross-Country Analysis of Public Real Estate Markets (2014)Leverage and Returns: A Cross…REIT and Commercial Real Estate Returns: A Post Mortem of the Financial Crisis (2013)REIT and Commercial Real Esta…Credit Line Availability and Utilization in REITs (2011)Credit Line Availability and …AN OVERVIEW OF EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS): 1993–2009 (2011)AN OVERVIEW OF EQUITY REAL ES…Further Evidence on the Capital Structure of REITs (2010)Further Evidence on the Capit…Banking Relationships and REIT Capital Structure (2010)Banking Relationships and REI…Financial Constraints, Liquidity Management and Investment (2009)Financial Constraints, Liquid…The capital structure determinants of REITs. Is it a peculiar industry? (2008)The capital structure determi…REIT Dividend Determinants: Excess Dividends and Capital Markets (2008)REIT Dividend Determinants: E…Explaining the Variation in REIT Capital Structure: The Role of Asset Liquidation Value (2008)Explaining the Variation in R…An Analysis of the Financing Decisions of REITs: The Role of Market Timing and Target Leverage (2008)An Analysis of the Financing …The Impact of Corporate Governance on the Performance of REITs (2007)The Impact of Corporate Gover…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Time Series Analysis: Forecasting and Control (1977)Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)The Variation of Economic Risk Premiums (1991)Expected Stock Returns and Variance Risk Premia (2009)Determinants of corporate borrowing (1977)Credit Rationing in Markets with Imperfect Information (1981)Liquidation Values and Debt Capacity: A Market Equilibrium Approach (1992)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Determinants of Credit Spread Changes (2001)The theory and practice of corporate finance: evidence from the field (2001)Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)An equilibrium characterization of the term structure (1977)Default Risk in Equity Returns (2004)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The determinants and implications of corporate cash holdings (1999)Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Capital Structure Puzzle (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Common risk factors in the returns on stocks and bonds (1993)Structural Models of Corporate Bond Pricing: An Empirical Analysis (2004)Liquidity and Asset Prices (2006)The Illiquidity of Corporate Bonds (2011)Institutions, financial markets, and firm debt maturity (1999)An EBIT‐Based Model of Dynamic Capital Structure (2001)When Is the Government Spending Multiplier Large? (2011)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)The Determinants of Capital Structure Choice (1988)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 1981Principles of Corporate Finance.3,634 cited
  • 1995A Simple Approach to Valuing Risky Fixed and Floating Rate Debt2,090 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads1,962 cited
  • 1991Debt Maturity Structure and Liquidity Risk1,815 cited
  • 1999Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.11,755 cited
  • 1986Predicting returns in the stock and bond markets1,715 cited
  • 2012How Much of the Corporate-Treasury Yield Spread Is Due to Credit Risk?1,000 cited
  • 1996The Determinants of Corporate Debt Maturity Structure942 cited
  • 1996The Determinants of the Maturity of Corporate Debt Issues773 cited
  • 2001Do Credit Spreads Reflect Stationary Leverage Ratios?765 cited
  • 1985An analysis of secured debt

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675 cited
  • 1978The Bankruptcy Decision382 cited
  • 1999The Slope of the Credit Yield Curve for Speculative‐Grade Issuers300 cited
  • 1986Term premiums and default premiums in money markets244 cited
  • Cited by

    • 2010Further Evidence on the Capital Structure of REITs133 cited
    • 2008An Analysis of the Financing Decisions of REITs: The Role of Market Timing and Target Leverage116 cited
    • 2011AN OVERVIEW OF EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS): 1993–2009113 cited
    • 2008REIT Dividend Determinants: Excess Dividends and Capital Markets103 cited
    • 2013REIT and Commercial Real Estate Returns: A Post Mortem of the Financial Crisis86 cited
    • 2008Explaining the Variation in REIT Capital Structure: The Role of Asset Liquidation Value80 cited
    • 2010Banking Relationships and REIT Capital Structure74 cited
    • 2008The capital structure determinants of REITs. Is it a peculiar industry?72 cited
    • 2009Financial Constraints, Liquidity Management and Investment71 cited
    • 2014Leverage and Returns: A Cross-Country Analysis of Public Real Estate Markets69 cited
    • 2007The Impact of Corporate Governance on the Performance of REITs66 cited
    • 2016Heterogeneous Investor Sentiment and Institutional Real Estate Investments61 cited
    • 2016REIT Leverage and Return Performance: Keep Your Eye on the Target49 cited
    • 2011Credit Line Availability and Utilization in REITs49 cited
    • 2023Firm Leverage and Stock Price Crash Risk: The Chinese Real Estate Market and Three-Red-Lines Policy44 cited
    • 2016Asset Growth and Stock Performance: Evidence from REITs44 cited