Advanced search
Publication Cover
Journal of Real Estate Research Volume 30, 2008 - Issue 3
Submit an article Journal homepage
18
Views
6
CrossRef citations to date
0
Altmetric
Research Articles

Corporate Real Estate and Corporate Takeovers: International Evidence

Dirk BrounenRSM Erasmus University, Rotterdam
,
Mathijs van DijkRSM Erasmus University, Rotterdam
&
Piet EichholtzMaastricht University, MaastrichtMD
Pages 293-314 | Published online: 17 Jun 2020

  • Alvayay, J.R., R.C. Rutherford, and W.S. Smith. Tax Rules and the Sale Leaseback of Corporate Real Estate. Real Estate Economics, 1995, 23, 207-38. Tax Rules and the Sale Leaseback of Corporate Real Estate Real Estate Economics 23 207 38
  • Ambrose, W.B. Corporate Real Estate’s Impact on the Takeover Market. Journal of Real Estate Finance and Economics, 1990, 3:307-22. Corporate Real Estate’s Impact on the Takeover Market Journal of Real Estate Finance and Economics 3 307 22
  • Ambrose, W.B. and W.L. Megginson. The Role of Asset Structure, Ownership Structure, and Takeover Defenses in Determining Acquisition Likelihood. Journal of Financial and Quantitative Analysis, 1992, 27, 575-89. The Role of Asset Structure, Ownership Structure, and Takeover Defenses in Determining Acquisition Likelihood Journal of Financial and Quantitative Analysis 27 575 89
  • Andrade, G., M. Mitchell, and E. Stafford. New Evidence and Perspectives on Mergers. Journal of Economic Perspectives, 2001, 15, 103-20. New Evidence and Perspectives on Mergers Journal of Economic Perspectives 15 103 20
  • Arthur Andersen and Company. Real Estate in the Corporation: The Bottom Line from Senior Management. San Francisco, California, 1993. Arthur Andersen and Company Real Estate in the Corporation: The Bottom Line from Senior Management
  • Barnes, P. Predicting UK Takeover Targets: Some Methodological Issues and an Empirical Study. Review of Quantitative Finance and Accounting, 1999, 12, 283-301. Predicting UK Takeover Targets: Some Methodological Issues and an Empirical Study Review of Quantitative Finance and Accounting 12 283 301
  • Booth, G.G., J.L. Glascock, and S.K. Sarkar. A Reexamination of Corporate Sell-offs of Real Estate Assets. Journal of Real Estate Finance and Economics, 1996, 12, 195-202. A Reexamination of Corporate Sell-offs of Real Estate Assets Journal of Real Estate Finance and Economics 12 195 202
  • Brennan, M.J. Presidential Address: Latent Assets. Journal of Finance, 1990, 45, 709-30. Presidential Address: Latent Assets Journal of Finance 45 709 30
  • Brounen, D. and P.M.A. Eichholtz. Development Involvement and Property Share Performance—International Evidence. Journal of Real Estate Finance & Economics, 2004, July, 79-97. Development Involvement and Property Share Performance—International Evidence Journal of Real Estate Finance & Economics 79 97
  • Brounen, D. and P.M.A. Eichholtz. Corporate Real Estate Ownership Implications; International Performance Evidence. Journal of Real Estate Finance and Economics, 2005, 30, 429-45. Corporate Real Estate Ownership Implications; International Performance Evidence Journal of Real Estate Finance and Economics 30 429 45
  • Brueggeman, W.B., J.D. Fisher, and D.M. Porter. Rethinking Corporate Real Estate. Journal of Applied Corporate Finance, 1990, 3, 572-83. Rethinking Corporate Real Estate Journal of Applied Corporate Finance 3 572 83
  • Clark, K. and E. Ofek. Mergers as a Means of Restructuring Distressed Firms: An Empirical Investigation. Journal of Financial and Quantitative Analysis, 1994, 29, 541-65. Mergers as a Means of Restructuring Distressed Firms: An Empirical Investigation Journal of Financial and Quantitative Analysis 29 541 65
  • Deng, Y. and J. Gyourko. Real Estate Ownership by Non-Real Estate Firms: An Estimate of the Impact on Firm Returns. Working paper. Wharton School, 1999.
  • Espahbodi, H. and P. Espahbodi. Binary Choice Models and Corporate Takeover. Journal of Banking and Finance, 2003, 27, 549-74. Binary Choice Models and Corporate Takeover Journal of Banking and Finance 27 549 74
  • Ezzell, J.R. and P.P. Vora. 2001. Leasing versus Purchasing: Direct Evidence on a Corporation’s Motivations for Leasing and Consequences of Leasing. Quarterly Review of Economics and Finance, 2001, 41, 33-47. 2001. Leasing versus Purchasing: Direct Evidence on a Corporation’s Motivations for Leasing and Consequences of Leasing Quarterly Review of Economics and Finance 41 33 47
  • Fisher, L.M. The Wealth Effects of Sale and Leasebacks: New Evidence. Working paper. Massachusetts Institute of Technology, 2004.
  • Glascock, J., W. Davidson, and C.F. Sirmans. An Analysis of the Disposition and Acquisition of Real Estate Assets. Journal of Real Estate Research, 1989, 4, 131-40. An Analysis of the Disposition and Acquisition of Real Estate Assets Journal of Real Estate Research 4 131 40
  • Glascock, J., W. Davidson, and C.F. Sirmans. The Gains from Corporate Selloffs: The Case of Real Estate Assets. Journal of the American Real Estate and Urban Economics Association, 1991, 19, 567-82. The Gains from Corporate Selloffs: The Case of Real Estate Assets Journal of the American Real Estate and Urban Economics Association 19 567 82
  • Hite, G.L., J. Owers, and R. Rogers. The Market for Interfirm Asset Sales, Partial Selloffs and Total Liquidations. Journal of Financial Economics, 1987, 18, 229-52. The Market for Interfirm Asset Sales, Partial Selloffs and Total Liquidations Journal of Financial Economics 18 229 52
  • Jensen, M.J. and R.S. Ruback. The Market for Corporate Control: The Scientific Evidence. Journal of Financial Economics, 1983, 11, 5-50. The Market for Corporate Control: The Scientific Evidence Journal of Financial Economics 11 5 50
  • Liow, K.H. Corporate Real Estate and Stock Market Performance. Journal of Real Estate Finance and Economics, 2004, 29, 119-40. Corporate Real Estate and Stock Market Performance Journal of Real Estate Finance and Economics 29 119 40
  • Liow, K.H. and T.L. Ooi. Does Corporate Real Estate Create Wealth for Shareholders? Journal of Property Investment and Finance, 2004, 22, 386-400. Does Corporate Real Estate Create Wealth for Shareholders? Journal of Property Investment and Finance 22 386 400
  • Mitchell, M.L. and J.H. Mulherin. The Impact of Industry Shocks on Takeover and Restructuring Activity. Journal of Financial Economics, 1996, 41, 193-229. The Impact of Industry Shocks on Takeover and Restructuring Activity Journal of Financial Economics 41 193 229
  • Myer, F.C., L. He, and J.R. Webb. 1992. Sell-Offs of U.S. Real Estate: The Effect of Domestic versus Foreign Buyers of Shareholder Wealth. Journal of the American Real Estate and Urban Economics Association, 1992, 20, 487-500. 1992. Sell-Offs of U.S. Real Estate: The Effect of Domestic versus Foreign Buyers of Shareholder Wealth . Journal of the American Real Estate and Urban Economics Association 20 487 500
  • Palepu, K.G. Predicting Takeover Targets: A Methodological and Empirical Analysis. Journal of Accounting and Economics, 1986, 8, 3-35. Predicting Takeover Targets: A Methodological and Empirical Analysis Journal of Accounting and Economics 8 3 35
  • Rodriguez, M. and C.F. Sirmans. Managing Corporate Real Estate: Evidence from Capital Markets. Journal of Real Estate Literature, 1996, 4, 13-36. Managing Corporate Real Estate: Evidence from Capital Markets Journal of Real Estate Literature 4 13 36
  • Rutherford, R.C. Empirical Evidence on Shareholder Value and the Sale-Leaseback of Corporate Real Estate. Journal of the American Real Estate and Urban Economics Association, 1990, 18, 522-29. Empirical Evidence on Shareholder Value and the Sale-Leaseback of Corporate Real Estate Journal of the American Real Estate and Urban Economics Association 18 522 29
  • Rutherford, R.C. The Impact of Sale-Leaseback Transactions on Bondholder and Shareholder Wealth. Review of Financial Economics, 1992, 2, 75-80. The Impact of Sale-Leaseback Transactions on Bondholder and Shareholder Wealth Review of Financial Economics 2 75 80
  • Rutherford, R.C. and H.O. Nourse. The Impact of Corporate Real Estate Unit Formation on the Parent Firm’s Value. Journal of Real Estate Research, 1988, 3, 73-84. The Impact of Corporate Real Estate Unit Formation on the Parent Firm’s Value Journal of Real Estate Research 3 73 84
  • Seiler, S.J., A. Chantrath, and J.R. Webb. Real Asset Ownership and the Risk and Return to Stockholders. Journal of Real Estate Research, 2001, 22, 199-212. Real Asset Ownership and the Risk and Return to Stockholders Journal of Real Estate Research 22 199 212
  • Slovin, M.B., M.E. Sushka, and J.A. Polonchek. Corporate Sale-and-Leaseback and Shareholder Wealth. Journal of Finance, 1990, 45, 289-99. Corporate Sale-and-Leaseback and Shareholder Wealth Journal of Finance 45 289 99
  • Veale, P. Managing Corporate Real Estate Assets: Current Executive Attitudes and Prospects for an Emergent Management Discipline. Journal of Real Estate Research, 1989, 4, 1-22. Managing Corporate Real Estate Assets: Current Executive Attitudes and Prospects for an Emergent Management Discipline Journal of Real Estate Research 4 1 22
  • Wruck, K.H. Financial Distress, Reorganization, and Organizational Efficiency. Journal of Financial Economics, 1990, 27, 419-44. Financial Distress, Reorganization, and Organizational Efficiency Journal of Financial Economics 27 419 44
  • Zeckhauser, S. and R. Silverman. Rediscover Your Company’s Real Estate. Harvard Business Review, 1983, 61, 111-17. Rediscover Your Company’s Real Estate Harvard Business Review 61 111 17

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.