Purpose – The purpose of this paper is to examine empirically the financing hypothesis of Lang et al. for asset sales in the context of corporate real estate transactions. Design/methodology/approach – Exploiting the concept that monitoring can reduce agency problem of managerial discretion,...

Purpose – This paper attempts to empirically examine the property taxes and fees for residential development to determine whether they have a significant impact on house prices in Sydney and Taipei. Design/methodology/approach – Property charges and taxes in Sydney and Taipei are examined...