...Chris Ratcliffe; Bill Dimovski Purpose The purpose of this paper is to use Australian Real Estate Investment Trust (A‐REIT) data to empirically examine potential influencing factors on A‐REITs becoming a bidder or a target in the mergers and acquisitions (M&A) area. Design/methodology...

...Zhi Dong Purpose The existing literature on real estate investment trust (REIT) capital‐structure decisions implicitly excludes either interest payment tax shield benefits or a trust's growth potential. The purpose of this paper is to test the long‐term debt leverage decisions of listed property...

...Christopher Ratcliffe; William Dimovski Purpose Mergers and acquisitions in the real estate investment trust (REIT) sector have been studied in distinct periods and locations, often leading to findings which are relevant only for the period and/or location investigated. The purpose of this paper...

...Chyi Lin Lee; Ming‐Long Lee Purpose The hedging effectiveness of real estate investment trust (REIT) futures as a critical issue in response to the global REIT market has been extremely volatile in recent years, however few studies have been placed on this area. This study aims to fill in this gap...

...Chien‐Yun Chang; Jian‐Hsin Chou; Hung‐Gay Fung Purpose The study uses an AR(1)‐EGARCH(1,1) model to investigate the pricing behaviors of the real estate investment trusts (REITs) for four countries (Australia, Japan, Taiwan and the USA) before and after the 2007 financial crisis. Design...

...Ming‐Long Lee; Kevin Chiang Purpose The US real estate investment trust (REIT) market experienced a structural change in the early 1990s. This paper aims to examine the following two issues: is the equity REIT market movement positively linked with the stock market movement in the long‐run? If so...

...Tim Dixon; Paul McNamara; Graeme Newell Purpose Environmental sustainability has taken on increased importance in recent years with property companies. The purpose of this paper is to assess the strategies used by listed property trusts (LPTs) in Australia in delivering excellence...

...Robin Goodchild; Michael C.H. Quek; Seow Eng Ong Purpose There is currently no real estate investment trust (REIT) listed in China. As of date, only two REITs – GZI REIT of Hong Kong and CapitaRetail China Trust (CRCT) of Singapore – have securitised Chinese property assets. The purpose...

... and property markets around the world are becoming more integrated and globalized. Real estate Investments Trusts Least square approximation Financial risk This paper examines the dynamic relationships between REIT returns and those of other financial and unsecuritized real assets...

... investors from extensive losses due to forced the liquidation of real estate assets. © Emerald Group Publishing Limited 2008 Real estate Investments Trusts Germany Real estate investment trusts (REITs) were first introduced in the USA in 1960 to offer retail investors a possibility...

... in the indirect investor context. Steven Devaney can be contacted at: s.p.devaney@abdn.ac.uk © Emerald Group Publishing Limited 2008 Depreciation Income Real estate Investments Trusts United Kingdom The qualifications to each requirement are important, as they appear to give UK REITs...

...Kevin C.H. Chiang; Ming‐Long Lee Existing studies provide conflicting results regarding whether real estate investment trusts (REITs) effectively optimize and diversify institutional portfolios. Based on the style analysis of Sharpe, we extend Liang and McIntosh’s study with a more complete set...

...Robert D. Campbell; C.F. Sirmans This is a policy paper that examines the most important issues that must be addressed in designing the institutional structure for tax‐advantaged public real estate companies in Europe. The real estate investment trust form of corporate structure was first created...

...P.G. du Plessis Presents an overview of the timeshare industry in South Africa. Gives special attention to the reasons why the industry continues to grow, despite major failures. Emphasis is placed on the creation of the property trust in which the timeshare properties are registered...