Socio emotional wealth preservation in the REIT industry: An exploratory study

Artikel

Our study uses the Socio Emotional Wealth Perspective (SEW) to test our contention that Real Estate Investment Trust (REIT) founders are more inclined to satisfy first their non-economic goals rather than satisfying the economic goals of REIT shareholders. We test our hypotheses with an unbalanced panel dataset that includes an average of 66 publicly-traded equity REITs from 1999 - 2012 that produced 921 REIT-year observations. Our exploratory results provide evidence of SEW preservation as REITs led by founders' successors tend to underperform; however, the family identification with the REIT affects performance positively. This is one of the first studies that merge the REIT and the family business streams of research. Future directions are suggested.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 2 ; Year: 2014 ; Issue: 3 ; Pages: 220-239 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Financial Institutions and Services: Other ; Corporate Finance and Governance: Government Policy and Regulation
• Thema: REIT ; socio emotional wealth ; succession ; family identification

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Noguera, Magdy ; Chang, Erick P. C.
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2014

Weitere Informationen

• DOI: doi:10.3390/ijfs2030220
• Handle: http://hdl.handle.net/10419/167764
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ