000 01255cam a2200253 4500
001 ABS67902
008 040614n2004 000 0 eng u
035 _a(Sirsi) u126468
100 _aDevaney, S.
245 _aSale and leaseback, asset outsourcing and capital market impacts
260 _c2004
490 _aJournal of Corporate Real Estate
_v6(2) 2004, 118-132(15)
520 _aStructured 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]
590 _aABS
590 _aABS
650 _aOUTSOURCING
650 _aSALE AND LEASEBACK
650 _aCAPITAL MARKET
650 _aCORPORATE REAL ESTATE
650 _aSECURITISATION
690 _aCOMMERCIAL PROPERTY-INVESTMENT
700 _aLizieri, C.
942 _n0
999 _c117506
_d117506