The vast majority of market valuations employ either some formal estimator such as ordinary least squares (OLS) or rely upon an informal set of rules defining the grid adjustment estimator. The success of the grid adjustment estimator suggests the data do not obey the ideal assumptions...

Academic research findings on the determinants of executive compensation are mixed. Some researchers attribute this to the inclusion of stock-based compensation in the more recent studies. We study the determinants of stock-based compensation schemes in the REIT industry for the period...