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Keywords: Managerial incentives
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Journal Articles
Journal of European Real Estate Research (2015) 8 (1): 46–65.
Published: 05 May 2015
... actively manage the size of their balance sheet to maximize fees, and that NAV-based fees produce effects similar to market-based fees in terms of managerial incentives. where vI and vD indicate partial derivatives evaluated at the point where...

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