Pregled bibliografske jedinice broj: 547735
REIT Regimes in EU Countries – Institutional Environment versus Attractiveness of Real Estate Investment Vehicles
REIT Regimes in EU Countries – Institutional Environment versus Attractiveness of Real Estate Investment Vehicles // Knowledge and business challenge of globalisation in 2011: The 3rd International scientific conference / Skok Merkač, Marjana ; Cingula Marijan (ur.).
Celje: Fakulteta za komercialne in poslovne vede, Celje, 2011. str. 450-461 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
REIT Regimes in EU Countries – Institutional Environment versus Attractiveness of Real Estate Investment Vehicles
Autori
Jagodić, Davor ; Dobrojević, Goran ; Suljić, Stella
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Knowledge and business challenge of globalisation in 2011: The 3rd International scientific conference
/ Skok Merkač, Marjana ; Cingula Marijan - Celje : Fakulteta za komercialne in poslovne vede, Celje, 2011, 450-461
ISBN
978-961-6825-41-2
Skup
3rd International scientific conference "Knowledge and business challenge of globalisation in 2011"
Mjesto i datum
Celje, Slovenija, 17.11.2011. - 18.11.2011
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
indirect real estates investments; REIT; tax transparent investment vehicle; regulatory regimes; commercial real estate market
(ndirect real estates investments; REIT; tax transparent investment vehicle; regulatory regimes; commercial real estate market)
Sažetak
Substantial changes in the financial regulation of indirect real estate market are highly visible in EU countries over the past decade. Recent regulation amendments enabled structuring of real estate investment vehicles exempt from taxation on entity level with the purpose of increasing investments in real estate markets Most of initiatives for establishing tax transparent real estate investment vehicles have followed United States REIT (Real Estate Investment Trust) model, with legal adaptation in order to conform with domestic law traditions and market structures. Comparison of introduced formats indicates their heterogeneity with negative consequences for European indirect real estate market development and integration. Law and finance literature suggests importance of differences in regulatory regimes but papers relating quality of legislation and performance of specific organizational formats are scarce. In this paper we argue that certain legislative provisions are key determinants of real estate investment vehicles attractiveness and consequent commercial real estate market development.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
081-0811403-1411 - Hrvatska financijska tržišta i institucije u procesu uključivanja u EU (Prohaska, Zdenko, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Rijeka