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โœฆ   LIBER   โœฆ

The impact of financing decisions on the security returns of real estate corporations

โœ Scribed by Marcus T. Allen; Ronald C. Rutherford

Publisher
Springer US
Year
1992
Tongue
English
Weight
470 KB
Volume
5
Category
Article
ISSN
0895-5638

No coin nor oath required. For personal study only.

โœฆ Synopsis

This research investigates the valuation impact of financing decisions on the common stock of real estate corporations. We compare the results of our study with the results of similar studies in the corporate finance literature to test whether the response to security offerings by real estate firms differs systematically from the response to offerings by industrial and utility firms. The results of this study indicate a generally favorable price response to straight bond announcements, and unfavorable responses to common stock, convertible bonds, and lines of credit announcements.

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