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Keywords: Institutional cost
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Journal Articles
Journal of Property Investment & Finance (2022) 40 (2): 220–236.
Published: 02 September 2021
...Quan Le Truong; Chung Yim Yiu Purpose This study hypothesises that sale and leaseback (SLB) cap rate is lower than the market cap rate in emerging economies, and the difference is due to institutional cost and vacancy risk. This study aims to provide a novel SLB-Cap-Rate Model to assess...
