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The "moving wall" represents the time period between the last issue available in JSTOR and the most recently published issue of a journal. Moving walls are generally represented in years. In rare instances, a publisher has elected to have a "zero" moving wall, so their current issues are available in JSTOR shortly after publication. In calculating the moving wall, the current year is not counted. For example, if the current year is and a journal has a 5 year moving wall, articles from the year are available.

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REIT Share Repurchase Decisions and Stock Market Liquidity on JSTOR

You can always find the topics here! Real estate investment trusts , Liquidity , Repurchasing , Stock buyback , Dividends , Extra dividends , Stock markets , Stock shares , Leverage , Stock prices. Were these topics helpful? These topics are helpful.

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Stock Market Liquidity and the Decision to Repurchase by Paul Brockman, John S. Howe, Sandra Mortal :: SSRN

Pay attention to names, capitalization, and dates. The Journal of Real Estate Portfolio Management. Moving Wall Moving Wall: Moving Wall The "moving wall" represents the time period between the last issue available in JSTOR and the most recently published issue of a journal.

Terms Related to the Moving Wall Fixed walls: Journals with no new volumes being added to the archive. Journals that are combined with another title. Journals that are no longer published or that have been combined with another title.

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You have javascript disabled. Subscribe to JPASS Monthly Plan. This study examines whether stock market liquidity affects a real estate investment trust's REIT's decision to initiate a share repurchase program.

The results show that repurchasing REITs exhibit a higher liquidity than their peers that do not initiate a repurchase program.

After controlling for other possible motivations for share repurchases, there is little evidence that liquidity affects repurchase initiations by REITs.

REITs tend to initiate a share repurchase program when operating cash flows are sufficient, financial leverage is low, and market value is large. Also, liquidity does not influence a REIT's decision to substitute repurchases for extra dividends. Overall, the findings suggest that liquidity does not affect a REIT's decision to repurchase its shares. JSTOR Home About Search Browse Terms and Conditions Privacy Policy Cookies Accessibility Help Contact Us.

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