Leverage and types of debt in the Listed Real Estate Companies' capital structure decisions: 23rd Annual European Real Estate Society Conference

Heidi Falkenbach; Ranoua Bouchouicha; Alexey Zhukovskiy

doi:10.15396/eres2016_147

Leverage and types of debt in the Listed Real Estate Companies' capital structure decisions: 23rd Annual European Real Estate Society Conference

Heidi Falkenbach, Ranoua Bouchouicha, Alexey Zhukovskiy

Research output: Contribution to conference › Paper › Scientific

Abstract

In this paper we analyse the capital structure decisions listed real estate companies by analysing the determinants of leverage. We investigate which factors contribute to the evolution of capital structures over time, i.e. whether there is persistence in the leverage levels of listed real estate companies and whether there exists a target leverage level the companies adjust to. In addition, we investigate to what extent companies leverage decisions are affected by their ability to substitute between different forms of debt.

Original language	English
DOIs	https://doi.org/10.15396/eres2016_147
Publication status	Published - 2016
Event	European Real Estate Society's Annual Conference - Regensburg, Germany Duration: 8 Jun 2016 → 11 Jun 2016 Conference number: 23

Conference

Conference	European Real Estate Society's Annual Conference
Abbreviated title	ERES
Country/Territory	Germany
City	Regensburg
Period	08/06/2016 → 11/06/2016

Keywords

Capital Structure
Listed Real Estate Company
Real Estate Investment Trust
Real estate operating company

Access to Document

10.15396/eres2016_147

https://eres.architexturez.net/doc/oai-eres-id-eres2016-147

Cite this

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title = "Leverage and types of debt in the Listed Real Estate Companies' capital structure decisions: 23rd Annual European Real Estate Society Conference",

abstract = "In this paper we analyse the capital structure decisions listed real estate companies by analysing the determinants of leverage. We investigate which factors contribute to the evolution of capital structures over time, i.e. whether there is persistence in the leverage levels of listed real estate companies and whether there exists a target leverage level the companies adjust to. In addition, we investigate to what extent companies leverage decisions are affected by their ability to substitute between different forms of debt.",

keywords = "Capital Structure, Listed Real Estate Company, Real Estate Investment Trust, Real estate operating company",

author = "Heidi Falkenbach and Ranoua Bouchouicha and Alexey Zhukovskiy",

note = "Only abstract, peer-reviewed; European Real Estate Society's Annual Conference, ERES ; Conference date: 08-06-2016 Through 11-06-2016",

year = "2016",

doi = "10.15396/eres2016_147",

language = "English",

}

Leverage and types of debt in the Listed Real Estate Companies' capital structure decisions: 23rd Annual European Real Estate Society Conference. / Falkenbach, Heidi; Bouchouicha, Ranoua; Zhukovskiy, Alexey.
2016. Paper presented at European Real Estate Society's Annual Conference, Regensburg, Germany.

Research output: Contribution to conference › Paper › Scientific

TY - CONF

T1 - Leverage and types of debt in the Listed Real Estate Companies' capital structure decisions

T2 - European Real Estate Society's Annual Conference

AU - Falkenbach, Heidi

AU - Bouchouicha, Ranoua

AU - Zhukovskiy, Alexey

N1 - Conference code: 23

PY - 2016

Y1 - 2016

N2 - In this paper we analyse the capital structure decisions listed real estate companies by analysing the determinants of leverage. We investigate which factors contribute to the evolution of capital structures over time, i.e. whether there is persistence in the leverage levels of listed real estate companies and whether there exists a target leverage level the companies adjust to. In addition, we investigate to what extent companies leverage decisions are affected by their ability to substitute between different forms of debt.

AB - In this paper we analyse the capital structure decisions listed real estate companies by analysing the determinants of leverage. We investigate which factors contribute to the evolution of capital structures over time, i.e. whether there is persistence in the leverage levels of listed real estate companies and whether there exists a target leverage level the companies adjust to. In addition, we investigate to what extent companies leverage decisions are affected by their ability to substitute between different forms of debt.

KW - Capital Structure

KW - Listed Real Estate Company

KW - Real Estate Investment Trust

KW - Real estate operating company

U2 - 10.15396/eres2016_147

DO - 10.15396/eres2016_147

M3 - Paper

Y2 - 8 June 2016 through 11 June 2016

ER -

Leverage and types of debt in the Listed Real Estate Companies' capital structure decisions: 23rd Annual European Real Estate Society Conference

Abstract

Conference

Keywords

Access to Document

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Cite this