Examinando por Materia "Fondos inmobiliarios de Estados Unidos"

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    Ítem
    Comportamiento de la estructura de capital en los principales fondos inmobiliarios de Estados Unidos
    (Universidad EAFIT, 2020) Díaz Morales, Sebastián; Vergara Garavito, Judith Cecilia
    Capital structures of the major US real estate firms, during the period 2000 to 2019, are studied in this empirical investigation. In addition, it is validated if the respective structures create or destroy value for their shareholders. At a methodological level, real estate profitability is analyzed based on the capital invested. It is presumed that an adequate capital structuring through financing helps a fund to generate value over time: if there are stable macroeconomic situations. The findings support the hypothesis of a direct link between short-term financing and profitability, the same as the associated business size. Similarly, financial obligations and long-term debts compromise profitability; but with a lower net impact than well-structured current financing.