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@article{ART002265079},
author={Ji Hye Lee and Choi, Young Sang and Byun, Hee Sub},
title={A Study on the Disposal and Purchase of Corporate Real Estate Assets},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2017},
volume={27},
number={3},
pages={23-40}

TY - JOUR
AU - Ji Hye Lee
AU - Choi, Young Sang
AU - Byun, Hee Sub
TI - A Study on the Disposal and Purchase of Corporate Real Estate Assets
JO - Korea Real Estate Review
PY - 2017
VL - 27
IS - 3
PB - korea real estate research institute
SP - 23
EP - 40
SN - 2092-5395
AB - This study examined the motive and incentive for the disposal and purchase of corporate real estate assets based on the various firm characteristics. It was empirically found that firms with a higher leverage ratio, lower cash holdings, and lower sales growth are more likely to dispose of their real estate assets. This implies that financial constraints, internal reserves, and growth opportunities are important factors affecting the corporate decisions regarding the disposal of real estate assets. Meanwhile, it was found that firms with a lower leverage ratio have a higher probability of purchasing real estate assets, suggesting that a stable financial structure enables firms to acquire more of such assets. Using the transaction amount of corporate real estate assets, consistent results were found. While varied opinions on the utilization of corporate real estate assets have been raised, this study broadened the understanding of such by performing rigorous analyses. The result of this study would have practical implications in terms of the introduction of regulations or the establishment of business strategies related to corporate real estate assets.
KW - corporate real estate assets;production factors;disposal;purchase;firm characteristics
DO -
UR -
ER -

Ji Hye Lee, Choi, Young Sang and Byun, Hee Sub. (2017). A Study on the Disposal and Purchase of Corporate Real Estate Assets. Korea Real Estate Review, 27(3), 23-40.

Ji Hye Lee, Choi, Young Sang and Byun, Hee Sub. 2017, "A Study on the Disposal and Purchase of Corporate Real Estate Assets", Korea Real Estate Review, vol.27, no.3 pp.23-40.

Ji Hye Lee, Choi, Young Sang, Byun, Hee Sub "A Study on the Disposal and Purchase of Corporate Real Estate Assets" Korea Real Estate Review 27.3 pp.23-40 (2017) : 23.

Ji Hye Lee, Choi, Young Sang, Byun, Hee Sub. A Study on the Disposal and Purchase of Corporate Real Estate Assets. 2017; 27(3), 23-40.

Ji Hye Lee, Choi, Young Sang and Byun, Hee Sub. "A Study on the Disposal and Purchase of Corporate Real Estate Assets" Korea Real Estate Review 27, no.3 (2017) : 23-40.

Ji Hye Lee; Choi, Young Sang; Byun, Hee Sub. A Study on the Disposal and Purchase of Corporate Real Estate Assets. Korea Real Estate Review, 27(3), 23-40.

Ji Hye Lee; Choi, Young Sang; Byun, Hee Sub. A Study on the Disposal and Purchase of Corporate Real Estate Assets. Korea Real Estate Review. 2017; 27(3) 23-40.

Ji Hye Lee, Choi, Young Sang, Byun, Hee Sub. A Study on the Disposal and Purchase of Corporate Real Estate Assets. 2017; 27(3), 23-40.

Ji Hye Lee, Choi, Young Sang and Byun, Hee Sub. "A Study on the Disposal and Purchase of Corporate Real Estate Assets" Korea Real Estate Review 27, no.3 (2017) : 23-40.