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 …

Focusing on commercial office real estate as both a manifestation of and a conduit of cross-
border capital flows, this paper refers to the concepts of topology and topography in a …

We propose an empirical spatial modeling framework that allows for both heterogeneity and
dynamics in economic network connections. We establish the model's stationarity and …

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 …

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 …

We conduct a quasi-natural experiment for Hong Kong to explore the spatial effects
associated with proximity to Covid-19 infections on real estate equity performance. During …

We conduct a quasi-natural experiment for Hong Kong to explore the spatial effects
associated with proximity to Covid-19 infections on real estate equity performance. During …

When liquidity providers for one asset obtain information from other asset prices, this may
magnify the (upward or downward) comovement of asset liquidity. It also may yield an …

This paper extends the empirical evidence on the relationship between the performance of
public real estate companies (PRECs) and the industrial sector of their tenants. By …

We investigate the value-growth premium puzzle by merging insights from urban economics
and finance that relate firm location to its stock performance. The value-growth premium in …