Sale and leaseback, asset outsourcing and capital market impacts
Series: Journal of Corporate Real Estate ; 6(2) 2004, 118-132(15)Publication details: 2004Subject(s): Summary: Structured sale and leasebacks and corporate property asset outsourcing are often claimed to have benefits that seem to be inconsistent with financial theory. Eight such UK deals are analysed to investigate that impact on corporate value. The results show that impacts are contingent - on the capital structure of the firm, on the use of the capital raised and on market attitudes towards management and the sector. Two apparently similar deals can have quite different outcomes: benefits to shareholders and bondholders cannot be simply assumed. [Taken from journal abstract]| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67902 (Browse shelf(Opens below)) | 1 | Available | 126468-1001 |
Structured sale and leasebacks and corporate property asset outsourcing are often claimed to have benefits that seem to be inconsistent with financial theory. Eight such UK deals are analysed to investigate that impact on corporate value. The results show that impacts are contingent - on the capital structure of the firm, on the use of the capital raised and on market attitudes towards management and the sector. Two apparently similar deals can have quite different outcomes: benefits to shareholders and bondholders cannot be simply assumed. [Taken from journal abstract]