Zobrazeno 1 - 10
of 48
pro vyhledávání: '"CHRISTOPHE SPAENJERS"'
Publikováno v:
The Journal of Finance. 78:795-833
Autor:
Xinyu Lu, Christophe Spaenjers
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Previous research has shown that nonlocal household investors make suboptimal asset selection and market timing decisions. However, in real estate markets, heterogeneity in returns can exist even with identical ex ante investment (timing) choices, gi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::85cc1a5cc787404ae2ca14311324ad2d
http://wrap.warwick.ac.uk/142889/1/WRAP-Well-always-have-Paris-out-country-buyers-housing-market-Cvijanovic-2020.pdf
http://wrap.warwick.ac.uk/142889/1/WRAP-Well-always-have-Paris-out-country-buyers-housing-market-Cvijanovic-2020.pdf
Real and private-value assets—defined here as the sum of real estate, infrastructure, collectibles, and noncorporate business equity—compose an investment class worth an estimated $84 trillion in the U.S. alone. Furthermore, private values can af
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8f88a339e7556b3e03b4ee0862cb6701
https://hal-hec.archives-ouvertes.fr/hal-03501704
https://hal-hec.archives-ouvertes.fr/hal-03501704
Real and private-value assets—defined here as the sum of real estate, infrastructure, collectibles, and non-corporate business equity—is an investment class worth an estimated $85 trillion in the U.S. alone. Furthermore, private values can affect
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0c73d829a0f5296c5d0de9380ecfde0b
https://doi.org/10.3386/w28580
https://doi.org/10.3386/w28580
We study the accuracy and usefulness of automated (i.e., machine-generated) valuations for illiquid and heterogeneous real assets. We assemble a database of 1.1 million paintings auctioned between 2008 and 2015. We use a popular machine-learning tech
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::94ad5a36dd246709aa08fc90c2e8e6d3
https://hal-hec.archives-ouvertes.fr/hal-02896049
https://hal-hec.archives-ouvertes.fr/hal-02896049
The risk-return characteristics of art as an asset have been previously studied through aggregate price indexes. By contrast, we examine the long-run buy-and-hold performance of an actual portfolio, namely, the collection of John Maynard Keynes. We f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2d055a99499f28d3630007f6dee5603c
Autor:
Eva Steiner, Christophe Spaenjers
Publikováno v:
SSRN Electronic Journal.
We show that PE sector specialists outperform generalists at every stage of the investment life cycle. Using granular data for thousands of U.S. hotels over the last two decades, we document that specialists exert a greater positive influence on more