The research objective of this paper is to investigate the effects of the Italian REITs governance and intermediation (regulatory) structure, in term of (i) the provision of a shareholders’ meeting in the article of association and, on the other hand, the other legal and economic REITs’ features like (ii) leverage, (iii) finite life of the closed-end investment vehicle, (iv) mandatory listing influence on market prices discount over NAV figures.
Italian public REITs' Governance and Regulatory Structure: Effects on NAV Discount
QUARANTA, ANNA GRAZIA
2009
Abstract
The research objective of this paper is to investigate the effects of the Italian REITs governance and intermediation (regulatory) structure, in term of (i) the provision of a shareholders’ meeting in the article of association and, on the other hand, the other legal and economic REITs’ features like (ii) leverage, (iii) finite life of the closed-end investment vehicle, (iv) mandatory listing influence on market prices discount over NAV figures.File in questo prodotto:
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