Hsieh, Cheng-Ho; Sirmans, C.F. - In: Journal of Real Estate Research 6 (1991) 2, pp. 179-190
Some real estate investment trusts are created as "captive-financing" affiliates by their sponsors. This creates conflicts of interest between the sponsor/manager and shareholders. Such conflicts could affect the financial performance of the firm. Using data on a sample of REITs, results show...