Research Findings
摘要
In this core chapter of the study, the research findings are presented. This chapter is oriented towards the dimensions of the two-staged central research question.- Accordingly, the first subchapter on loan risk management practices responds to the first dimension of the research question: What were the loan risk management practices of CRE debt funds? In the second subchapter, the cause-effect relationship between loan risk management practices and loan performance is explored, and contributions are ranked in comparison with other contributing and interfering factors. As this investigation should do justice to the complexity of the processes involved, the first two subchapters were further structured into sections that focussed on key criteria and their underlying assessment dimensions. The third section presents the findings of a small-scale survey which aimed to complement the open-ended qualitative research by capturing respondents' views on a Likert scale. Finally, the fourth section presents a reflective account of the posited macroeconomic impacts of debt funds' loan performance.