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Articles 1 - 10 of 10
Full-Text Articles in Business
The Private Provision Of Public Goods: An Analysis Of Homes On Golf Courses, Robert E. Mccormick, Frank F. Limehouse, Melissa M. Yeoh
The Private Provision Of Public Goods: An Analysis Of Homes On Golf Courses, Robert E. Mccormick, Frank F. Limehouse, Melissa M. Yeoh
Robert E McCormick
This paper examines the joint production of golf and real estate development. The empirical results of this analysis show that, over time, golf courses are being constructed less for recreational golf and more for contractual assurance of green open space for homes. We believe that this fundamentally provides some evidence that the demand for environmental quality is growing and that markets are increasingly able to find creative contracting mechanisms to satisfy demands for public goods.
Academic Paper Supports Housing Curbs For Prs, Foreigners, Mindy Tan, David Kuo Chuen Lee
Academic Paper Supports Housing Curbs For Prs, Foreigners, Mindy Tan, David Kuo Chuen Lee
David LEE Kuo Chuen
No abstract provided.
Reit To Deal With Hdb Demand-Supply Challenges, Chor Hao Ong, David Kuo Chuen Lee
Reit To Deal With Hdb Demand-Supply Challenges, Chor Hao Ong, David Kuo Chuen Lee
David LEE Kuo Chuen
A group of academics from the Singapore Management University (SMU) and a noted property consultant are making the case for a REIT comprising Housing and Development Board (HDB) residential and commercial units.
Rebuilding The World Trade Center, Larry A. Silverstein, Joseph C. Daniels, Robin Panovka, Seth Pinsky, Janno Lieber
Rebuilding The World Trade Center, Larry A. Silverstein, Joseph C. Daniels, Robin Panovka, Seth Pinsky, Janno Lieber
Joseph P Daniels
[Excerpt] It was April 4th, 1973, when the ceremonial ribbon was cut at the World Trade Center (WTC). That date concluded seven long years of construction-preceded by more than a decade’s worth of planning-that transformed 16 acres of Lower Manhattan into a singular international business hub.
Globalisation And Corporate Real Estate Strategies, Linda Too, Michael Harvey, Eric Too
Globalisation And Corporate Real Estate Strategies, Linda Too, Michael Harvey, Eric Too
Linda Too
Purpose - The purpose of this paper is to examine the impact of globalisation on corporate real estate strategies. Specifically, it seeks to identify corporate real estate capabilities that are important in a hypercompetitive business climate. Design/methodology/approach - This paper utilises a qualitative approach to analyse secondary data in order to identify the corporate real estate capabilities for a hypercompetitive business environment. Findings - Globalisation today is an undeniable phenomenon that is fundamentally changing the way business is conducted. In the light of global hypercompetition, corporate real estate needs to develop new capabilities to support global business strategies. These include …
The Effects Of Demographics On The Real Estate Market In The United States And China, Henry Li
The Effects Of Demographics On The Real Estate Market In The United States And China, Henry Li
Honors College Theses
This paper focuses on the demographic and economic factors that affect the changes in prices of the housing market. The study focuses on the United States housing market after its recent collapse due to the US financial crisis of 2008. It also looks at the Chinese housing market based on the determinants that are observed in the United States. It will also examine the after effects of the One Child Policy enacted in 1979 on the housing prices. The study will look at the current situation with the Chinese housing market and its similarities to the United States housing market …
Real Estate Investment By Bank Holding Companies And Their Risk And Return: Nonparametric And Garch Procedures, Scott Deacle, Elyas Elyasiani
Real Estate Investment By Bank Holding Companies And Their Risk And Return: Nonparametric And Garch Procedures, Scott Deacle, Elyas Elyasiani
Business and Economics Faculty Publications
We investigate the association between real estate investment by US Bank Holding Companies (BHCs) and their return, risk and risk-adjusted returns. Three portfolios are formed of BHCs according to whether they do or do not invest in real estate, strictness of the regulation on real estate investment and the ratio of real estate investment to assets. Wilcoxon tests of differences in portfolio returns, risk, risk-adjusted returns and value at risk between each pair of portfolios are conducted to determine how engagement in real estate, stricter regulation and increased real estate investment affect BHC performance. These effects are also investigated within …
Location, Location, Location, The Impact Of Registered Sex Offenders On Home Sale Prices: A Case Study Of Mclean County, Illinois, John C. Navarro, Cara Rabe-Hemp
Location, Location, Location, The Impact Of Registered Sex Offenders On Home Sale Prices: A Case Study Of Mclean County, Illinois, John C. Navarro, Cara Rabe-Hemp
Graduate Research - Criminal Justice
Borrowing from the broken windows theory, this paper addresses the impact of sex offenders’ residences on neighborhood’s property values in McLean County, Illinois. Three data sets were combined to explore the relationship: the addresses of registered sex offenders (RSOs) in McLean County, Illinois, the location and property characteristics of homes sold in McLean County between December 2012 to December 2013, and variables from the 2010 U.S. Census. ArcGIS was utilized to create buffers up to 0.2 of a mile around a sold home to measure the concentration of RSOs and sexual predators (SPs) and to calculate the distance from the …
Speculating On Home Improvements, Hyun Soo Choi, Harrison Hong, Jose Scheinkman
Speculating On Home Improvements, Hyun Soo Choi, Harrison Hong, Jose Scheinkman
Research Collection Lee Kong Chian School Of Business
We develop a speculation-based theory of home improvements. Housing services are produced from a mix of land and structures. Homeowners have an option to increase their structures (i.e. make improvements) holding fixed their land. Speculative improvements arise because overconfident homeowners mistakenly believe they can add to structures for a lower cost than a competitive construction industry. Improvements are increasing and convex in home prices. There is excessive home remodeling in equilibrium. And the change in the recoup ratio (the ratio of resale value of improvements to construction costs) is negatively correlated with construction cost growth controlling for home price appreciation. …
Sentiment-Induced Institutional Trading Behavior And Asset Pricing In Securitized Real Estate Markets, Prashant K. Das, Julia Freybote, Gianluca Marcato
Sentiment-Induced Institutional Trading Behavior And Asset Pricing In Securitized Real Estate Markets, Prashant K. Das, Julia Freybote, Gianluca Marcato
Business Faculty Publications and Presentations
Institutional investors such as pension funds or insurance companies commonly invest in the unsecuritized and securitized real estate market. We investigate how institutional investor sentiment in the inefficient commercial real estate market affects institutional trading behavior in the REIT market and subsequently asset pricing. In particular, we test two alternative theories - flight to liquidity and style investing theory - to explain the sentiment induced trading behavior of institutional investors in the REIT market for the pre-crisis (2002-2006), crisis (2007-2009) and post-crisis (2010-2012) period. We find that the applicability of either theory depends on economic conditions. In the pre-crisis period …