Výsledky vyhledávání - "Thomas M. Springer"

Economies of Scale and the Operating Efficiency of REITs: A Revisit

Autor: Thomas M. Springer, Lily Shen, Michael J. Highfield

Publikováno v: The Journal of Real Estate Finance and Economics. 62:108-138

Building on past research regarding the operating efficiency of Real Estate Investment Trusts (REITs) and recognizing the substantial changes in this industry since the turn of the millennium, we examine REIT efficiency over the period 2001–2015. U

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::c408dca8bbf632ebe6ac2ccb2ea60fb3
https://doi.org/10.1007/s11146-019-09741-9

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Limited Service Brokerage: Positive Broker Intermediation?

Autor: Jessica Rutherford, Thomas M. Springer, Joseph E. Mohr, Ronald C. Rutherford

Publikováno v: Journal of Real Estate Research. 40:551-596

Recent research on limited service brokerage finds positive broker intermediation effects evidenced by price increases ranging from 2% to 6%. Time-on-market effects of limited service contracts ran...

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::2d5aa4e769658f71971a6f03dd01cebd
https://doi.org/10.1080/10835547.2018.12091512

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Valuation effects of REIT mergers and the role of diversification

Autor: John C. Alexander, Thomas M. Springer

Publikováno v: Managerial Finance. 44:424-438

PurposeMerging two real estate investment trusts (REITs) consolidates two real estate portfolios. The purpose of this paper is to provide further evidence on the market’s valuation of property type and geographic diversification of REITs by looking

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::4f3f56033d558129d9bbdcf32a10a6c4
https://doi.org/10.1108/mf-10-2017-0412

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Insider Trading in REITs: Evidence from Informed Stock Option Exercise Around Seasoned Equity Offerings

Autor: Tian Tang, Thomas M. Springer, Brandon N. Cline, Xudong Fu

Publikováno v: journal of Real Estate Research. 36(4):511-540

By merging REIT SEO data with executive option exercise data, we investigate insider trading implications around REIT SEOs. Event study results show persistent negative abnormal returns for long-term SEO aftermarket performance. After isolating "stra

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::82ed7bebfa37274d6092b59cbad25784
http://pages.jh.edu/jrer/papers/pdf/new_current/vol36n04/9833-04.511_540.pdf

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The Commercial Office Market and the Markup for Full Service Leases

Autor: Jonathan A. Wiley, Dongshin Kim, Yu Liu, Thomas M. Springer

Publikováno v: Journal of Real Estate Research. 36:319-340

Because landlords assume all of the operating expense risk, rents for gross leases exceed those for net leases. The markup, or spread, for gross leases varies between properties and across markets. Specifically, the markup is expected to increase wit

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4ec864f25ed676b934fc76e741594fa7
https://doi.org/10.1080/10835547.2014.12091396

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Acquisition of equity REIT IPOs in the aftermarket

Autor: John C. Alexander, Ronald C. Rutherford, Ping Cheng, Thomas M. Springer

Publikováno v: Managerial Finance. 39:737-755

Purpose – The purpose of this paper is to examine how long a real estate investment trust (REIT) initial public offer (IPO) survives until a merger occurs, and to determine the impact of different firm characteristics that exist at the time of the

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::d44f46aa190bf4384f9630f971a7bb01
https://doi.org/10.1108/mf-jul-2012-0153

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Efficiency and Incentives in Residential Brokerage

Autor: Thomas M. Springer, Raymond T. Brastow, Bennie D. Waller

Publikováno v: The Journal of Real Estate Finance and Economics. 45:1041-1061

The literature on broker intermediation in residential real estate has shown positive pricing effects associated with the use of a broker and mixed results as far as the pricing effects of nonstandard commission structures. On the premise that real e

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::fc190e7250842ec2fcf607e701b6241e
https://doi.org/10.1007/s11146-011-9308-1

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The Effect of Development Impact Fees on Housing Values

Autor: Larry J. Lockwood, Ronald C. Rutherford, Thomas M. Springer, Jennifer Evans-Cowley

Publikováno v: Journal of Housing Research. 18:173-193

This paper examines the effects of impact fees on housing prices using data from 46,420 properties in 63 Texas cities, 38 of which impose an impact fee. After controlling for self-selection of the ...

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::2ff5651a7183e3f4218ee0610c524e5b
https://doi.org/10.1080/10835547.2009.12092011

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Evidence of Information Asymmetries in the Market for Residential Condominiums

Autor: Thomas M. Springer, Abdullah Yavas, Ronald C. Rutherford

Publikováno v: The Journal of Real Estate Finance and Economics. 35:23-38

Previous research (Rutherford et al. 2005; Levitt and Syverson 2005) identify and quantify agency problems in the brokerage of single-family houses. Real estate agents are found to receive a premium when selling their own houses in comparison to simi

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::e04571f782709d1bad846b8f84eb4151
https://doi.org/10.1007/s11146-007-9027-9

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