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The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts
16 references·16 citing·30 second hopsampled
The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts (2006)The Effect of Corporate Governance on Inv…Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective (2003)Corporate Governance, Corpora…Managerial Power and Rent Extraction in the Design of Executive Compensation (2002)Managerial Power and Rent Ext…Understanding the determinants of managerial ownership and the link between ownership and performance (1999)Understanding the determinant…The motivation and impact of pension fund activism (1999)The motivation and impact of …Capital-Market Imperfections and Investment (1997)Capital-Market Imperfections …Shareholder Activism by Institutional Investors: Evidence from CalPERS (1996)Shareholder Activism by Insti…Higher market valuation of companies with a small board of directors (1996)Higher market valuation of co…Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders (1996)Firm Performance and Mechanis…Corporate governance and shareholder initiatives: Empirical evidence (1996)Corporate governance and shar…A test of the free cash flow hypothesis (1991)A test of the free cash flow …Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Outside directors and CEO turnover (1988)Outside directors and CEO tur…Management ownership and market valuation (1988)Management ownership and mark…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…A General Equilibrium Approach To Monetary Theory (1969)A General Equilibrium Approac…The effect of carbon regulation initiatives on corporate ESG performance in real estate sector: International evidence (2024)The effect of carbon regulati…In Real Estate Investment We Trust: State De-risking and the Ownership of Listed US and German Residential Real Estate Investment Trusts (2023)In Real Estate Investment We …ESG investing and the financial performance: a panel data analysis of developed REIT markets (2023)ESG investing and the financi…Does corporate governance play any role in investor confidence, corporate investment decisions relationship? Evidence from Pakistan and India (2019)Does corporate governance pla…Board gender diversity, competitive pressure and investment efficiency in Chinese private firms (2019)Board gender diversity, compe…The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment (2015)The effects of stock liquidit…Related Party Transactions and Firm Value: Evidence from Property Markets in Hong Kong, Malaysia and Singapore (2015)Related Party Transactions an…CEO Overconfidence, REIT Investment Activity and Performance (2014)CEO Overconfidence, REIT Inve…Institutional investors as monitors of corporate diversification decisions: Evidence from real estate investment trusts (2013)Institutional investors as mo…Corporate governance and risk-taking in New Zealand (2013)Corporate governance and risk…REIT Institutional Ownership Dynamics and the Financial Crisis (2012)REIT Institutional Ownership …Influence of the corporate social responsibility factors and financial factors on REIT performance in Australia (2012)Influence of the corporate so…Institutional Investors and Firm Efficiency of Real Estate Investment Trusts (2010)Institutional Investors and F…Financial Constraints, Liquidity Management and Investment (2009)Financial Constraints, Liquid…REIT Dividend Determinants: Excess Dividends and Capital Markets (2008)REIT Dividend Determinants: E…The Impact of Corporate Governance on the Performance of REITs (2007)The Impact of Corporate Gover…Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Determinants of corporate borrowing (1977)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Audit committee, board of director characteristics, and earnings management (2002)Corporate Governance and Equity Prices (2003)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Specification Tests in Econometrics (1978)How do family ownership, control and management affect firm value? (2005)Boards: Does one size fit all☆ (2007)The Structure of Corporate Ownership: Causes and Consequences (1985)The Determinants of Capital Structure Choice (1988)Corporate Governance, Board Diversity, and Firm Value (2003)Endogeneity and the dynamics of internal corporate governance (2012)Information Technology and the U.S. Economy (2001)Nursery Cities: Urban Diversity, Process Innovation, and the Life Cycle of Products (2001)Does female representation in top management improve firm performance? A panel data investigation (2012)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The Cash Flow Sensitivity of Cash (2004)CEO Overconfidence and Corporate Investment (2005)Corporate social responsibility and access to finance (2013)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1996Higher market valuation of companies with a small board of directors6,614 cited
  • 1969A General Equilibrium Approach To Monetary Theory5,340 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1988Outside directors and CEO turnover4,251 cited
  • 1996Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders2,809 cited
  • 1997Capital-Market Imperfections and Investment2,600 cited
  • 1999Understanding the determinants of managerial ownership and the link between ownership and performance2,502 cited
  • 2002Managerial Power and Rent Extraction in the Design of Executive Compensation1,405 cited
  • 1996Shareholder Activism by Institutional Investors: Evidence from CalPERS1,291 cited
  • 1991A test of the free cash flow hypothesis1,068 cited
  • 1999The motivation and impact of pension fund activism904 cited
  • 1996Corporate governance and shareholder initiatives: Empirical evidence

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753 cited
  • 2003Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective714 cited
  • Cited by

    • 2013Institutional investors as monitors of corporate diversification decisions: Evidence from real estate investment trusts138 cited
    • 2015The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment121 cited
    • 2008REIT Dividend Determinants: Excess Dividends and Capital Markets103 cited
    • 2019Does corporate governance play any role in investor confidence, corporate investment decisions relationship? Evidence from Pakistan and India93 cited
    • 2013Corporate governance and risk-taking in New Zealand83 cited
    • 2012REIT Institutional Ownership Dynamics and the Financial Crisis82 cited
    • 2009Financial Constraints, Liquidity Management and Investment71 cited
    • 2019Board gender diversity, competitive pressure and investment efficiency in Chinese private firms68 cited
    • 2014CEO Overconfidence, REIT Investment Activity and Performance67 cited
    • 2007The Impact of Corporate Governance on the Performance of REITs66 cited
    • 2024The effect of carbon regulation initiatives on corporate ESG performance in real estate sector: International evidence66 cited
    • 2023ESG investing and the financial performance: a panel data analysis of developed REIT markets61 cited
    • 2012Influence of the corporate social responsibility factors and financial factors on REIT performance in Australia61 cited
    • 2015Related Party Transactions and Firm Value: Evidence from Property Markets in Hong Kong, Malaysia and Singapore60 cited
    • 2023In Real Estate Investment We Trust: State De-risking and the Ownership of Listed US and German Residential Real Estate Investment Trusts60 cited
    • 2010Institutional Investors and Firm Efficiency of Real Estate Investment Trusts58 cited