Repayment Risk of Debts in Real Estate Corporations
Profitability is one of the most basic protections to payoff debts and interests in Real Estate Corporations. To a real estate corporation, the investing profitability is uncertain, but its debts are related certain. Repayment of debts and interests would be enlarged for such mismatching between investing profitability and due debts. Consideration of repayment and refluxing of debts during investing period, the real estate corporation should pay close attention to the impacting effect which would act on the normal operation. In fact, it is more often that real estate corporations dressed into financial distress than bankruptcy. Therefore, relations between risk and term structure of debts will be analyzed connected with the real case of the real estate corporation. Moreover, impacting effect from refluxing of debts to operation and project cash flow will be measured. In the end, the feasible sinking fund or reserve fund model for debts risk will be discussed.
profitability capability term structure of debts sinking funds economic cycle financial distress
XU Lili HONG Guang
Economic & Management School, Henan PolytechnicUniversity, Henan, China 454000 Fuxin Higher Vocational Technology College, Fuxin, China 123000
国际会议
2009 International Conference on Construction & Real Estate Management(2009建设与房地产管理国际会议)
北京
英文
360-362
2009-11-05（万方平台首次上网日期，不代表论文的发表时间）