Optimal Leverage in Real Estate Investment

被引：0
|
作者：
John F. Mcdonald
机构：
[1] University of Illinois at Chicago,Departments of Economics and Finance
来源：
The Journal of Real Estate Finance and Economics | 1999年 / 18卷
关键词：
leverage; default risk;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This article is a theoretical examination of optimal financial leverage for real estate investment in the presence of uncertainty. The main result shows that uncertainty creates the possibility that a borrower will default on a real estate loan and that this possibility is the underlying factor in optimal leverage calculations for both borrower and lender.
引用
收藏
页码：239 / 252
页数：13
相关论文
共 50 条
  • [1] Optimal leverage in real estate investment
    Mcdonald, JF
    JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 1999, 18 (02): : 239 - 252
  • [2] Leverage Strategies of Real Estate Investment Trusts and Real Estate Operating Companies
    Chang, Carolyn W.
    Lim, Kian Guan
    Zhang, Zhi Min
    INTERNATIONAL REAL ESTATE REVIEW, 2024, 27 (01): : 81 - 115
  • [3] Risks and Rewards of Leverage in Romanian Real Estate Investment
    Onofrei, Muler
    Anghel, Ion
    INTERNATIONAL CONFERENCE EMERGING MARKETS QUERIES IN FINANCE AND BUSINESS, 2012, 3 : 481 - 488
  • [4] Underwriting Limits and Optimal Leverage in Commercial Real Estate
    Cremer, Leo
    JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 2020, 60 (03): : 375 - 395
  • [5] Underwriting Limits and Optimal Leverage in Commercial Real Estate
    Leo Cremer
    The Journal of Real Estate Finance and Economics, 2020, 60 : 375 - 395
  • [6] Optimal leverage strategy: Capital structure in real estate investments
    Cannaday, RE
    Yang, TT
    JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 1996, 13 (03): : 263 - 271
  • [7] Boards of directors and firm leverage: Evidence from real estate investment trusts
    Trang Doan
    Nguyen, Nga Q.
    JOURNAL OF CORPORATE FINANCE, 2018, 51 : 109 - 124
  • [8] Leverage and NAV discount: evidence from Italian real estate investment funds
    Morri, Giacomo
    Benedetto, Paolo
    JOURNAL OF EUROPEAN REAL ESTATE RESEARCH, 2009, 2 (01) : 33 - 55
  • [9] The effect of leverage on investment, dividends, and company value on the real estate industry in indonesia
    Dwiatmanto
    International Journal of Information and Management Sciences, 2020, 31 (03): : 273 - 294
  • [10] Optimal Capital Structure in Real Estate Investment: A Real Options Approach
    Jou, Jyh-Bang
    Lee, Tan
    INTERNATIONAL REAL ESTATE REVIEW, 2011, 14 (01): : 1 - 26
12345