Füss, Roland; Rottke, Nico; Zietz, Joachim - European Real Estate Society - ERES - 2010
This paper studies the impact of CEO discretion within the incentive structure of U.S. REITs. In contrast to the existing governance literature we focus on a specific sector with a specific legal setting (e.g., restrictive payout ratios), and organizational structure (e.g., little threat of a...