Does the regulation change play a role in the dividend policy?: Empirical study of REITs

Does the regulation change play a role in the dividend policy?: Empirical study of REITs

According to Modernization Act (RMA) of 1999, real estate investment trusts (REITs) must distribute at least 90% of their taxable income to be exempt from tax at the corporate level, less than the percentage required prior to 2001 (95%), implying more funds from operation (FFO) are kept by REITs for...

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Bibliographic Details
Main Authors: Jinsuk Yang, Manfen Chen, SeungCheol Lim
Format: Article
Language:English
Published: People & Global Business Association (P&GBA) 2019-12-01
Series:Global Business and Finance Review
Subjects:
dividend policy
agency costs
reits
Online Access:http://www.gbfrjournal.org/pds/journal/thesis/20200110191045-H13ZK.pdf

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