“…They argue that greater transparency facilitates REIT growth by relaxing information-based constraints on external financing. Kim et al (2021) provide evidence on a positive correlation between changes to investment-risk disclosure and changes to actual investment, but no significant correlation between the changes to investment-risk disclosure and the market's perception of risk.…”
Section: The Related Literature On Reit Debt Financingmentioning
“…They argue that greater transparency facilitates REIT growth by relaxing information-based constraints on external financing. Kim et al (2021) provide evidence on a positive correlation between changes to investment-risk disclosure and changes to actual investment, but no significant correlation between the changes to investment-risk disclosure and the market's perception of risk.…”
Section: The Related Literature On Reit Debt Financingmentioning
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