Capital structure of real estate assets: Theory and empirical evidence

P. H. Raimbourg

Applied Stochastic Models and Data Analysis, 1987, vol. 3, issue 3, 161-172

Abstract: This paper presents a model which intends to explain the capital structure of real estate assets. The model is cast in classical portfolio choice framework, but special attention is paid to the liquidity constraint. The test of this model on two assets with different capital structures (new housing and old housing in France) revealed the importance of return indicators as well as liquidity constraint in the household's financing decisions.

Date: 1987
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/asm.3150030304

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:apsmda:v:3:y:1987:i:3:p:161-172

Access Statistics for this article

More articles in Applied Stochastic Models and Data Analysis from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().