Zobrazeno 1 - 10
of 19
pro vyhledávání: '"Piet Eichholtz"'
Publikováno v:
SSRN Electronic Journal.
This study examines how sophisticated investors capitalize flood risk in commercial real estate markets. Using a detailed property-level transaction database, we document that New York commercial properties exposed to flood risk trade at a large pers
Publikováno v:
Journal of Real Estate Finance and Economics, 51(2), 317-350. Springer
This paper investigates spatial dependence in the prices of office buildings in Hong Kong, London, Los Angeles, New York City, Paris, and Tokyo for 2007 to 2013. Compared to prior literature, we find low economic impact from spatial dependence in all
Autor:
Alexander Hanisch, Piet Eichholtz
Publikováno v:
24th Annual European Real Estate Society Conference.
The recent global financial crisis (2007 – 2009) has shown what cataclysmic consequences the convergence of financial markets and real estate markets can have for national macro economies. The interweavement of the two markets provides opportunitie
Publikováno v:
Regional Science and Urban Economics, 43(6), 862-874. Elsevier
This paper analyzes how the dynamics of house prices are affected by the option to rebuild or enlarge existing dwellings. The nonlinear functional form for option value and zoning limits provides identification of changes in option value over the cyc
Publikováno v:
Journal of Money Credit and Banking, 45(2-3), 477-491. Wiley-Blackwell
This paper examines the long run relation between prices and rents for houses in Amsterdam from 1650 through 2005. We first demonstrate that these series are cointegrated, a necessary condition for studying movements of the rent-price ratio. We then
Publikováno v:
Journal of International Money and Finance, 31(7), 1911-1929. ELSEVIER SCI LTD
This paper investigates the effects of the energy efficiency and sustainability of commercial properties on the operating and stock performance of a sample of US REITs, providing insight into the net benefits of green buildings. We match data on LEED
Publikováno v:
Journal of Banking & Finance, 33(4), 731-746. Elsevier
Journal of Banking & Finance, 33(4), 731-746. Elsevier Science
Journal of Banking & Finance, 33(4), 731-746. Elsevier Science
This paper examines the impact of option trading on individual investor performance. The results show that most investors incur substantial losses on their option investments, which are much larger than the losses from equity trading. We attribute th
Publikováno v:
Journal of Real Estate Finance and Economics, 35(4), 449-474. Springer
The Journal of Real Estate Finance and Economics, 35(4), 449-474. Springer Netherlands
The Journal of Real Estate Finance and Economics, 35(4), 449-474. Springer Netherlands
This paper investigates whether it is possible to create value through the active management of direct property portfolios. Using data from the usa, the uk and australia, we examine whether trading intensity and portfolio growth explain the risk and
Autor:
Dirk Brounen, Piet Eichholtz
Publikováno v:
The Journal of Real Estate Finance and Economics. 24:103-117
This paper investigates the underpricing and long-run performance of initial public offerings (IPOs), using a unique sample consisting of 54 British, French and Swedish property companies, which became publicly listed during the period 1984–1999. S
Publikováno v:
Real Estate Economics, 26(2), 493-509. Wiley-Blackwell
This paper examines the extent to which real estate returns are driven by continental factors. This subject is relevant for determining the country allocation of international real estate portfolios. If returns are driven by a continental factor, inv