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Corporate governance and real estate holdings: an empirical study of US firms. / Corporate governance & real estate holdings

Chu Kwok Hei Derek. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2006. / Includes bibliographical references (leaves 97-103). / Abstracts in English and Chinese. / Abstract --- p.i / Acknowledgements --- p.iii / Table of Content --- p.iv / Chapter Chapter 1. --- Introduction --- p.1 / Chapter Chapter 2. --- Some Conceptual Issues --- p.6 / Chapter 2.1. --- PPE holding and shareholders' return --- p.6 / Chapter 2.2. --- Mis-management of Corporate Real Estate --- p.7 / Chapter Chapter 3. --- Determinants of Real Estate Holdings --- p.12 / Chapter 3.1. --- Growth opportunities --- p.12 / Chapter 3.2. --- Size --- p.13 / Chapter 3.3. --- Firm focus and real estate holding --- p.14 / Chapter 3.4. --- Level of Debt --- p.15 / Chapter 3.5 --- industrial effect --- p.15 / Chapter 3.6. --- Imperfect capital market and Real Estate decision --- p.16 / Chapter 3.6.1. --- Dividend payout --- p.17 / Chapter 3.6.2. --- Cash flow --- p.17 / Chapter Chapter 4. --- Measuring Corporate Governance --- p.20 / Chapter 4.2. --- Management ownership --- p.21 / Chapter 4.3. --- Outside Blockholder ownership --- p.22 / Chapter 4.4. --- Executive compensation structure --- p.24 / Chapter 4.5. --- Board composition --- p.26 / Chapter 4.6 --- DUALITY --- p.28 / Chapter Chapter 5. --- "Data, Sample and Empirical Analysis" --- p.29 / Chapter 5.1. --- Data and Sample --- p.29 / Chapter 5.2. --- Empirical Analysis --- p.31 / Chapter Chapter 6. --- Summary Statistics and Regression Results --- p.33 / Chapter 6.1. --- Summary Statistics --- p.33 / Chapter 6.2. --- Regression result --- p.35 / Chapter Chapter 7. --- Robustness check --- p.40 / Chapter 7.1. --- Full Sample Splitting --- p.40 / Chapter 7.2. --- Regression result --- p.41 / Chapter Chapter 8. --- Concluding Remarks --- p.44 / Appendices --- p.46 / Appendix 1 --- p.46 / Split full sample into single industry that sample size is larger than 30 --- p.46 / Appendix 2 --- p.52 / "Results after excluding firms in sector of Transportation, communication and Utility" --- p.52 / Appendix 3 --- p.53 / Non-monotonic relation between managerial ownership and agency cost --- p.53 / Appendix 4 --- p.55 / Comparison of previous literatures-1 --- p.55 / Appendix 5 --- p.56 / Comparison of previous literatures-2 --- p.56 / Appendix 6 --- p.61 / List of Tables --- p.61 / Appendix 7 --- p.95 / Variables description: --- p.95 / References --- p.97

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_325648
Date January 2006
ContributorsChu, Kwok Hei Derek., Chinese University of Hong Kong Graduate School. Division of Economics.
Source SetsThe Chinese University of Hong Kong
LanguageEnglish, Chinese
Detected LanguageEnglish
TypeText, bibliography
Formatprint, v, 103 leaves ; 30 cm.
CoverageUnited States, United States
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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