William G. Hardin, III; Wolverton, Marvin L. - In: Journal of Real Estate Research 17 (1999) 1, pp. 113-126
Negotiation theory and implied agency costs provide the foundation for the research hypothesis that equity real estate investment trusts (EREITs) may have paid premiums when making real property acquisitions during the 1990s REIT boom. Using a simultaneous equations model and data from the...