Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Zhonghua Wu"'
Autor:
Zifeng Feng, Zhonghua Wu
Publikováno v:
The Journal of Real Estate Finance and Economics. 65:75-102
This paper empirically examines the extent to which and how local economic growth and asset location affect firm growth based on a sample of US equity real estate investment trusts (REITs) from 2001 to 2016. Using the GDP growth rate by MSA and indiv
Publikováno v:
The Journal of Real Estate Finance and Economics.
Autor:
Zhonghua Wu, Zifeng Feng
Publikováno v:
The Journal of Real Estate Finance and Economics
Using recently available GRESB ESG public disclosure data for REITs around the world, we examine how ESG disclosure is related to REIT debt financing and firm value. We find that REITs with higher levels of ESG disclosure have lower cost of debt, hig
Publikováno v:
The Journal of Real Estate Finance and Economics. 55:345-369
Data from the National Council of Real Estate Investment Fiduciaries (NCREIF) provide a unique setting to examine the inflation illusion hypothesis. NCREIF provides appraisal-based and transaction-based return series allowing comparison of market par
Publikováno v:
The Journal of Real Estate Finance and Economics. 54:188-215
Assessment of lender and third-party bidder acquired properties at foreclosure auction is provided. Properties acquired at foreclosure auction by third-party bidders transact at a discount to lender dispositions of real estate owned (REO) properties.
Publikováno v:
The Journal of Real Estate Finance and Economics. 53:527-558
This paper examines the relationship between the stock crash risk of REITs and different types of institutional investors. First, when we classify REIT institutional investors by their legal type, we find that the ownership of pension funds (bank tru
Publikováno v:
The Journal of Real Estate Finance and Economics. 47:640-658
Metrics using repeat sale data assume that frequently and infrequently sold properties are similar in capital expenditures, maintenance and other characteristics. Value-added investors concentrate on repositioning properties which requires capital in
Autor:
Peter Chinloy, Zhonghua Wu
Publikováno v:
The Journal of Real Estate Finance and Economics. 46:397-423
The firm’s inventory-sales ratio prices exposure to the housing cycle with a predictable sign. The buyer of a new home holds a pre-construction contract at a guaranteed price with the right to cancel at any date up to delivery. The demand for contr
Publikováno v:
The Journal of Real Estate Finance and Economics. 45:678-704
We examine the impact of information asymmetry on a firm’s choice between cash and credit lines for corporate liquidity management using a panel data set from real estate investment trusts (REITs). Information asymmetry, as measured by analyst fore
Publikováno v:
The Journal of Real Estate Finance and Economics. 45:262-287
Employing dividend yield decomposition, this paper explores the inflation illusion and inflation hedging effects on REIT stock prices. Results show that changes in expected inflation explain a large share of the time series variation of the mispricin