Use of the Agency Theory to Analyze the Commissioning System of Commune Real Estate Management

Marona Bartłomiej ()
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Marona Bartłomiej: Department of Real Estate and Investment Economics Cracow University of Economics

Real Estate Management and Valuation, 2013, vol. 21, issue 3, 43-50

Abstract: Municipal real property, including commune real estate usually managed through a model of a direct or indirect commissioning system, is becoming increasingly popular, especially in the context of the public management paradigm. The aim of the article is to present the essence of the commissioning system of commune real estate management and indicate the supervisory consequences which rest on the commune as a result of choosing this system. In order to fulfill the assumed research objectives, the article analyzes the commissioning system of commune real estate management in Poland with the use of the agency theory, a dominant theoretical concept of corporate governance.

Keywords: agency theory; real estate management; commune; management contract (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:21:y:2013:i:3:p:43-50:n:5

DOI: 10.2478/remav-2013-0025

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