Information frictions in real estate markets: recent evidence and issues

D Broxterman, T Zhou - The Journal of Real Estate Finance and …, 2023 - Springer
This article reviews research on the economics of information in real estate. It covers equity
investment in private and public markets and intermediation by brokers. The review shows …

Local beta: has local real estate market risk been priced in REIT returns?

B Zhu, C Lizieri - The Journal of Real Estate Finance and Economics, 2022 - Springer
This paper studies the pricing of the risk associated with the location of the assets. The local
real estate market risk is measured by 'local beta', which combines the systematic risk of …

Geographic scope and real estate firm performance during the COVID-19 pandemic

X Chu, C Lu, D Tsang - Journal of Risk and Financial Management, 2021 - mdpi.com
This study examines the effect of geographic scope in mitigating the adverse impact of the
COVID-19 pandemic in the real estate sector. Utilizing the Chinese setting over the two …

How gender diversity shapes cities: Evidence from risk management decisions in REITs

A Devine, I Jolin, N Kok, E Yönder - Journal of Business Ethics, 2024 - Springer
In this paper, we study the impact of CEO and board gender diversity on the risk
management decisions of 179 US Real Estate Investment Trusts (REITs) during the 2001 …

Visual recognition and prediction analysis of China's real estate index and stock trend based on CNN-LSTM algorithm optimized by neural networks

N Chen - Plos one, 2023 - journals.plos.org
Today, with the rapid growth of Internet technology, the changing trend of real estate finance
has brought great an impact on the progress of the social economy. In order to explore the …

Trade-offs between asset location and proximity to home: Evidence from REIT property sell-offs

C Wang, T Zhou - The Journal of Real Estate Finance and Economics, 2021 - Springer
We examine property sell-offs by real estate investment trusts (REITs) and find that investors
respond favorably to sales of properties located close to a sell-off firm's headquarters. The …

Commercial real estate in the face of climate risk: Insights from REITs

Z Feng, R Lu-Andrews, Z Wu - Journal of Real Estate Research, 2024 - Taylor & Francis
While climate risk is recognized as a substantial concern in finance and residential real
estate, research examining its effects on commercial real estate markets remains limited. In …

REITs' stock return volatility: property market risk versus equity market risk

L Li, B Zhu - The Journal of Real Estate Finance and Economics, 2024 - Springer
This study addresses how and why the stock return volatility of REITs changes over time and
identifies which mechanisms influence it at a firm level. Using US equity REIT data from …

Housing risk and returns in submarkets with spatial dependence and heterogeneity

PS Morawakage, G Earl, B Liu, E Roca… - The Journal of Real Estate …, 2023 - Springer
Employing a recently developed panel econometric technique, first, we show that
accounting for spatial dependence and heterogeneity yields more accurate risk factor …

[PDF][PDF] The impacts of climate risk on commercial real estate: Evidence from REITs

Z Feng, R Lu-Andrews, Z Wu - 2022 FMA Annual Meeting, 2022 - aeaweb.org
Though climate risk has been recognized as a material risk in finance and residential real
estate, there is limited research on how climate risk affects commercial real estate markets …