Debt and Financial Performance of REITs in Malaysia: A Moderating Effect of Financial Flexibility
2022-10-08
The use of debt by REITs entity seems to be a puzzle in numerous REITs literature, as REITs are tax-exempted business entities. The trade-off theory implies that the financing strategy of using debt provides no value in a REIT entity with a marginal tax rate of zero. However, high dividendContinue Reading