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CRE sale and leaseback – Does it lead to a positive abnormal return on the lessee’s stock value on the Swedish market?

Friberg, Hanna LU ; Andersson, Malin LU and Olsson, Caroline LU (2012) FEKH95 20121
Department of Business Administration
Abstract
The purpose of this study is to investigate if a CRE sale and lease back transaction generates a positive abnormal return on the lessee’s stock value, by using event study methodology. Furthermore, the probable relationship between the positive abnormal return and the transaction value, as well as the cash flow is investigated by using linear regression. A short term as well as a long term perspective applied.

A short term positive abnormal return is verified as well as a short term significant relationship between the transaction value and positive abnormal return. The study shows no indication of a CRE sale and leaseback transaction having long term effects.
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author
Friberg, Hanna LU ; Andersson, Malin LU and Olsson, Caroline LU
supervisor
organization
course
FEKH95 20121
year
type
M2 - Bachelor Degree
subject
keywords
CRE sale and leaseback, positive abnormal return, long term, short term, Sweden
language
Swedish
id
2796729
date added to LUP
2012-06-25 08:13:51
date last changed
2012-06-25 08:13:51
@misc{2796729,
  abstract     = {The purpose of this study is to investigate if a CRE sale and lease back transaction generates a positive abnormal return on the lessee’s stock value, by using event study methodology. Furthermore, the probable relationship between the positive abnormal return and the transaction value, as well as the cash flow is investigated by using linear regression. A short term as well as a long term perspective applied.

A short term positive abnormal return is verified as well as a short term significant relationship between the transaction value and positive abnormal return. The study shows no indication of a CRE sale and leaseback transaction having long term effects.},
  author       = {Friberg, Hanna and Andersson, Malin and Olsson, Caroline},
  keyword      = {CRE sale and leaseback,positive abnormal return,long term,short term,Sweden},
  language     = {swe},
  note         = {Student Paper},
  title        = {CRE sale and leaseback – Does it lead to a positive abnormal return on the lessee’s stock value on the Swedish market?},
  year         = {2012},
}