ABSTRACT

This contribution assumes an internal principal-agent relationship between the corporate real estate management (CREM) unit and the business unit. Against the background of limited rationality as well as an opportunistically shaped self-interest of the (internal) contractual partners, the individual (possible) agency problems are discussed between business unit (principal) and CREM unit (agent). On the basis of this theoretical foundation, descriptive possible solution mechanisms are derived to enable a more efficient cooperation between the two (internal) actors. The goal of internal cooperation should be to achieve and support a value contribution for the entire company.