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Kusiluka, Moses M.

Agency conflicts in real estate investment in Sub-Saharan Africa: exploration of selected investors in Tanzania and the effectiveness of institutional remedies

Kusiluka, Moses M. (2012) Agency conflicts in real estate investment in Sub-Saharan Africa: exploration of selected investors in Tanzania and the effectiveness of institutional remedies. Schriften zur Immobilienökonomie, 63. Immobilienmanager-Verlag, Köln. ISBN 978-3-89984-317-0.

Date of publication of this fulltext: 12 May 2014 07:01
Book


Abstract

Sub-Saharan Africa is, to many western real estate investors, a region which is defined by poverty, unrest and complete lack of good governance, and thus a very risky investment destination. Although this perception may be true for some countries in the region, it is overly exaggerated for other countries. Certainly, property markets in the region are at their nascent stages and still shrouded ...

Sub-Saharan Africa is, to many western real estate investors, a region which is defined by poverty, unrest and complete lack of good governance, and thus a very risky investment destination. Although this perception may be true for some countries in the region, it is overly exaggerated for other countries. Certainly, property markets in the region are at their nascent stages and still shrouded with opacity, but over the last two decades of institutional reforms, some noteworthy progress has been recorded. Considering the infancy and opacity of the market, pursuit of real estate investment in the region still requires clear understanding of the institutional environment. This book uses agency theory perspective to examine the challenges facing real estate investors in the region. Using real estate investment activities of selected corporate investors in Tanzania, the book shows how opportunistic tendencies result into sub-optimal investments and how the problem can be addressed using institutional remedies. This book is one of the pioneering works which attempts to use agency theory to examine agency conflict mitigation practice in real estate investment activities in a setting which is characterised by informality and market opacity. The book is quite relevant for real estate researchers, investors and professionals. International real estate investors should equally find this book a useful guide in recruiting and dealing with local partners, agents and business managers.


Involved Institutions


Details

Item typeBook
ISBN978-3-89984-317-0
Publisher:Immobilienmanager-Verlag
Place of Publication:Köln
Series of the University of Regensburg:Schriften zur Immobilienökonomie
Volume:63
Number of Pages:330
Date2012
InstitutionsBusiness, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Lehrstuhl für Immobilienmanagement (Prof. Dr. Wolfgang Schäfers)
Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Professur für Immobilienwirtschaft (Prof. Dr. Karl-Werner Schulte)
Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Professur für Immobilienentwicklung (Prof. Dr. Stephan Bone-Winkel)
Dewey Decimal Classification300 Social sciences > 330 Economics
StatusPublished
RefereedYes, this version has been refereed
Created at the University of RegensburgUnknown
URN of the UB Regensburgurn:nbn:de:bvb:355-epub-299255
Item ID29925

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