Chong, Wei Lan; Ting, Kien Hwa; Cheng, Fan Fah - In: Journal of Property Investment & Finance 35 (2017) 2, pp. 200-227
Purpose The purpose of this paper is to examine the impact of free cash flow (FCF) on the agency costs and how these FCF and agency costs affect the performance of REITs in Asia. Unlike previous studies that focus on conventional public listed companies and non-regulated industry, the Asian REIT...