Halpern, Paul; Norli, Oyvind - In: Journal of Applied Corporate Finance 18 (2006) 3, pp. 66-75
The focus of this paper is a subset of income trusts called business trusts, a Canadian financial innovation that has experienced remarkable success in the Canadian market, but not in the U.S. At theendof2005, there were more than 170 business trusts (most of them in Canada, but a handful in the...