The Performance of Founder--Controlled Publicly Traded Real Estate Companies in Bull and Bear Markets (Report)
Indian Journal of Economics and Business 2009, March
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Publisher Description
Abstract This paper explores the stock market performance of U. S. founder controlled real estate investment trusts (REITs) from 1997 to 2008. When compared to non-founder REITs it is shown that founder controlled equity, mortgage and combined REITs returns are not statistically significantly different from each other. This result may be explained by the opportunity of founders to extract other forms of income from the organization that they control.
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