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Liquidity And Liquidation : Evidence From Real Estate Investment Trusts
Oleh:
Brown, David T.
Jenis:
Article from Journal - ilmiah internasional
Dalam koleksi:
The Journal of Finance (EBSCO) vol. 55 no. 1 (2000)
,
page 469-486.
Topik:
liquidity
;
commercial rela estate
;
economic conditions
;
property values
;
effects
;
studies
Fulltext:
p 469.pdf
(136.12KB)
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ88.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This study provides evidence that highly leveraged owner - managed properties liquidates assets during the commercial real estate decline of the late 1980, and that this provided buying opportunities distress costs for highly leveraged firms during an industry - wide downturn and shows that these costs are particularly large for owner - managed firms.
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