摘要
房地产投资信托制度(REITs)中的风险问题,是任何一个研究REITs的理论界或实务界人士都必须回答的问题。在规制REITs风险的方法中,主要分为两种:最直接的处理风险问题的方法是由美国《投资公司法案》控制债务杠杆;而其它法规对REITs风险的规制,则是较为间接的控制风险的方法。伞型合伙(UPREITs)结构的风险,美国财政部和国家税务局IRS的相关法规可对此进行规制。下属合伙(DOWNREITs)结构的风险则可以采用三种运营方式予以控制。
The risks of REITs is a question that any person who researches the theory or takes part in the practice must answer. There are two main methods to regulate the risks of REITs： controlling debt lever by the American Investment Company Act is the most direct one; and other regulations by other laws are indirect ones. As for the risks of UPREITs, the related laws and regulations of the U. S. Ministry of Finance and IRS can regulate these problems. And three operational methods may be used to control the risks of DOWNREITs.
出处
《中央财经大学学报》
CSSCI
北大核心
2007年第8期41-47,共7页
Journal of Central University of Finance & Economics
