This research explores the influence of corporate governance on shareholder value within the Real Estate sector. It analyses data from 100 listed US Real Estate Investment Trust (REITs) over a period from 2012 to 2021, focusing on Economic Value Added (EVA), Dividend Per Share (DPS), and Earnings Per Share (EPS), which represent the shareholder value. After reviewing the existing literature, we used multiple variables to represent corporate governance in our study, including the ESG score and its components (environmental, social, and governance scores), CEO-chairman duality, Policy Executive Compensation ESG Performance, Sustainable Compensation Incentives, Corporate Social Responsibility, Leverage, Cash Ratio, Net Operating Income to Asset, Market Capitalization, Return on Assets, and Return on Equity. We investigated their interactions and influences by analyzing these variables concerning shareholder value attributes. To gain an understanding, we conducted five analyses: Pooled OLS, Firm Fixed Effects, Year Fixed Effects, Within Fixed Effects, and Random Effects. Each model provided a perspective, shedding light on different aspects of the relationship being investigated. Our findings confirm that corporate governance plays a role in creating shareholder value.
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This research explores the influence of corporate governance on shareholder value within the Real Estate sector. It analyses data from 100 listed US Real Estate Investment Trust (REITs) over a period from 2012 to 2021, focusing on Economic Value Added (EVA), Dividend Per Share (DPS), and Earnings Per Share (EPS), which represent the shareholder value. After reviewing the existing literature, we used multiple variables to represent corporate governance in our study, including the ESG score and it...
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