Agency issues surrounding A-REITS and the global financial crisis
Institution: | Deakin University |
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Department: | Economics and Finance |
Year: | 2014 |
Record ID: | 1052204 |
Full text PDF: | http://hdl.handle.net/10536/DRO/DU:30067552 |
This thesis examines the optimal balance of debt and equity undertaken by Australian Real Estate Investment Trusts, the incentive-driven pay structure utilized to compensate management, and the factors of A-REIT composition and performance that appeal to large, powerful shareholders who are able to influence market prices.