Author(s)

Li Haijia, He Chunming

Corresponding Author

Li Haijia

ABSTRACT

In China, it is an inevitable trend to develop local REITs and study how to distinguish it from similar investment instruments, so the analysis on the internal governance structure of REITs will be of great practical significance. By comparing REITs with 4 other collective investment instruments, this paper delves into the characteristics of basic internal governance structure, which differ REITs from other collective investment instruments, and provides beneficial reference for REITs developed in China.

KEYWORDS

REITs, Collective investment instruments, Principal-agent structure, Internal governance structure