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    政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 >  Item 140.119/71499
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/71499

    Title: The relationship with REITs and bank loans: Capital structure perspectives
    Authors: 陳明吉
    Hung, Chih-Hsing;Chen, Ming-Chi;Lin, Wen-Yuan
    Contributors: 財管系
    Keywords: Capital structure;Mortgage;Trade-off theory;Risk premium;Loan-to-value
    Date: 2014-06
    Issue Date: 2014-11-17 10:52:29 (UTC+8)
    Abstract: This paper discusses a research strategy which determines the optimum capital structure strategy and sets a reasonable required return of two-dimensional mortgages for borrowers and lenders with trade-off theory. We derived the optimum capital structure strategy of REITs and assess the mortgage risk premiums for lender. The results indicate that the REITs should maximize the value themselves by adjusting the optimum loan-to-value, make the most efficient use of the money. The lenders should seek borrowers who can pay mortgage interest continuously. At the same time, by maximizing mortgage premiums, they can set strategic objectives.
    Relation: Finance Research Letters, 11(2), 140-152
    Data Type: article
    Appears in Collections:[財務管理學系] 期刊論文

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