Performance of REITS in comparison to other financial assets

This is the first empirical study examining the impact of dividend tax rate changes on the performance of Malaysian Real Estate Investment Trusts (REITs). The Malaysian Government announced several tax incentives during the annual budget presentation in 2007, 2009, and 2012. The period of study is...

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Main Author: Rahman, Audia Syafaatur
Format: Thesis
Language:eng
eng
Published: 2015
Subjects:
Online Access:https://etd.uum.edu.my/5547/1/s816998_01.pdf
https://etd.uum.edu.my/5547/2/s816998_02.pdf
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id my-uum-etd.5547
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdullah, Nur Adiana Hiau
topic HG Finance
spellingShingle HG Finance
Rahman, Audia Syafaatur
Performance of REITS in comparison to other financial assets
description This is the first empirical study examining the impact of dividend tax rate changes on the performance of Malaysian Real Estate Investment Trusts (REITs). The Malaysian Government announced several tax incentives during the annual budget presentation in 2007, 2009, and 2012. The period of study is between January 1999 and December 2014 and specifically before and after the implementation of the 2007 tax incentives. Malaysian REITs performance are measured with three risk-adjusted performance measures (Sharpe, Treynor, and Jensen). The results indicate that, before 2007, Malaysian REITs showed unfavorable performance against the KLCI, KLPI, value weighted tax-adjusted REITs index, and Malaysia 3-month Treasury Bills. After 2007, Malaysia REITs outperformed the KLCI, KLPI, value weighted tax-adjusted REITs index, and Malaysia 3-month Treasury Bills. These findings show that the Malaysian government has made the right move in implementing the tax incentive as the REITs industry development has improved ever since its establishment
format Thesis
qualification_name masters
qualification_level Master's degree
author Rahman, Audia Syafaatur
author_facet Rahman, Audia Syafaatur
author_sort Rahman, Audia Syafaatur
title Performance of REITS in comparison to other financial assets
title_short Performance of REITS in comparison to other financial assets
title_full Performance of REITS in comparison to other financial assets
title_fullStr Performance of REITS in comparison to other financial assets
title_full_unstemmed Performance of REITS in comparison to other financial assets
title_sort performance of reits in comparison to other financial assets
granting_institution Universiti Utara Malaysia
granting_department School of Economics, Finance & Banking
publishDate 2015
url https://etd.uum.edu.my/5547/1/s816998_01.pdf
https://etd.uum.edu.my/5547/2/s816998_02.pdf
_version_ 1747827946989551616
spelling my-uum-etd.55472021-04-05T01:02:09Z Performance of REITS in comparison to other financial assets 2015 Rahman, Audia Syafaatur Abdullah, Nur Adiana Hiau School of Economics, Finance & Banking College of Business HG Finance This is the first empirical study examining the impact of dividend tax rate changes on the performance of Malaysian Real Estate Investment Trusts (REITs). The Malaysian Government announced several tax incentives during the annual budget presentation in 2007, 2009, and 2012. The period of study is between January 1999 and December 2014 and specifically before and after the implementation of the 2007 tax incentives. Malaysian REITs performance are measured with three risk-adjusted performance measures (Sharpe, Treynor, and Jensen). The results indicate that, before 2007, Malaysian REITs showed unfavorable performance against the KLCI, KLPI, value weighted tax-adjusted REITs index, and Malaysia 3-month Treasury Bills. After 2007, Malaysia REITs outperformed the KLCI, KLPI, value weighted tax-adjusted REITs index, and Malaysia 3-month Treasury Bills. These findings show that the Malaysian government has made the right move in implementing the tax incentive as the REITs industry development has improved ever since its establishment 2015 Thesis https://etd.uum.edu.my/5547/ https://etd.uum.edu.my/5547/1/s816998_01.pdf text eng public https://etd.uum.edu.my/5547/2/s816998_02.pdf text eng public masters masters Universiti Utara Malaysia Ahmad, H.H., Rozali, M.B. & Tahir, I.M. (2010). Empirical Investigation on the Performance of the Malaysian Real Estate Investment Trusts in Pre – Crisis, During Crisis and Post-Crisis Period. International Journal of Economics and Finance, 2(2), 62-69. Annual Report Bursa Malaysia. (2013). Annual Report Bursa Malaysia 2013. Atchison, K. & Yeung, V.S. (2014). The Impact of REITs on Asian Economies. APREA, 1-48. Brounnen, D. & Koning, S.D. 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