This study examines what influences the changes in REIT CEO compensation using the following performance measures: average three-year total returns to shareholders, market value added, Tobin's q, and change in funds from operations. In addition, we examine the impact of managerial power on the...

This paper examines the risk/return relationship for life insurance stock returns using CAPM-GARCH. Prior studies use the traditional CAPM and fail to find risk-adjusted returns. Utilizing CAPM-GARCH, we find life insurance stocks provided 7.96% risk adjusted returns for the period 1985-2003....

This study focuses on REIT CEO compensation. We utilize five different definitions for CEO compensation: salary, bonus, cash compensation, total compensation, and option awards. To capture the determinants of CEO compensation, we use the following performance measures: three-year stock returns,...