Buch, Englisch, 138 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 204 g
Buch, Englisch, 138 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 204 g
Reihe: Routledge Studies in International Real Estate
ISBN: 978-0-367-51759-5
Verlag: Taylor & Francis Ltd (Sales)
While the investors manage real estate portfolios and have to deal with particular legal systems, regulations, and norms, they often appoint service providers who have a comprehensive understanding of the local context. This work aims to highlight that this relationship between the real estate market actors creates an information asymmetry that may constitute the basis of conflicts of interest as well as Principal-Agent problems. Furthermore, the work underlines that the services provided by appraisers and real estate brokers to investors may strongly influence the profit the investor can generate from a transaction. It could be therefore inferred that the investor inclines towards a certain type of result from a service provider over the others. The present research has revealed that the investors are guided by certain interests and undertake to steer the service providers in a favoured direction. This book is essential reading for anyone interested in the nuances of Behavioural Economics and real estate.
Zielgruppe
Postgraduate and Professional
Autoren/Hrsg.
Fachgebiete
- Technische Wissenschaften Bauingenieurwesen Baukonstruktion, Baufachmaterialien
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein
- Wirtschaftswissenschaften Betriebswirtschaft Organisationstheorie, Organisationssoziologie, Organisationspsychologie
- Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Immobilienwirtschaft
Weitere Infos & Material
1. Introduction 2. Information asymmetries, Behavioural Real Estate, valuation and ethics 3. Conducting the study: 52 interviews with appraisers, brokers and owners 4. Findings for Behavioural Real Estate 5. Findings for Principle-Agent theory and moral hazard in real estate 6. Conclusions