search query: @indexterm Australia / total: 778
reference: 203 / 778
| Author: | Guilding, C. (et al.) |
| Title: | An agency theory perspective on the owner/manager relationship in tourism-based condominiums |
| Journal: | Tourism Management
2005 : JUN, VOL. 26:3, p. 409-420 |
| Index terms: | Tourism Managers Agency theory Australia |
| Freeterms: | Condominiums |
| Language: | eng |
| Abstract: | This article examines the relationship btw. condominium unit owners and resident managers in Australia using the agency theoretical model. Strata title condominiums that are located in major tourism areas are on special focus. The results show that the owners comprise two distinct groups with various interests instead of one. Secondly, it is the resident manager that is responsible for allocation of investment returns. Thirdly, a potential for agent moral hazard is noted. Finally, recommendations for future research are made. |
SCIMA