Purpose: The purpose of this paper is to investigate how the 2007 global financial crisis (GFC) changed financial disclosure behavior using a sample of US equity real estate investment trusts (REITs) from 2000 to 2015. Design/methodology/approach: The authors use panel data spanning from 2000...

Purpose – The existing literature on real estate investment trust (REIT) capital‐structure decisions implicitly excludes either interest payment tax shield benefits or a trust's growth potential. The purpose of this paper is to test the long‐term debt leverage decisions of listed property...

Purpose The purpose of this paper is to examine developers’ optimal development timing when developers are heterogeneous and have different marginal costs in a real estate development market. Design/methodology/approach This study uses a multiple-player game theoretic real option model and...

Amtrak launched free Wi-Fi internet service (“AmtrakConnect”) on all trains of the California Capitol Corridor route (CC) on November 28, 2011. In March 2012, an onboard survey was conducted to evaluate the impact of the Wi-Fi service on ridership. We develop descriptive statistics and...

This paper shows that ignoring differences in developers’ competitive strength and their bidding behavior in land auctions leads to distorted valuation of urban lands. Using the government’s land sale data in Singapore for the sample periods 1990–2011, we found that after controlling for...