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Full-Text Articles in Social and Behavioral Sciences

Context Recovery In Location-Based Social Networks, Wen Haw Chong Jul 2018

Context Recovery In Location-Based Social Networks, Wen Haw Chong

Dissertations and Theses Collection (Open Access)

This dissertation addresses context recovery in Location-Based Social Networks (LBSN), which are platforms where users post content from various locations. With this general LBSN definition, many existing social media platforms that support user-generated location relevant content using mobile devices could also qualify as LBSNs. Context recovery for such user posts refers to recovering the venue and the semantic contexts of these user posts. Such information is useful for user profiling and to support various applications such as venue recommendation and location- based advertising.

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Exploring Offline Friendships On The Social Information Network: Network Characteristics, Information Diffusion, And Tie Strength, Felicia Natali Jul 2018

Exploring Offline Friendships On The Social Information Network: Network Characteristics, Information Diffusion, And Tie Strength, Felicia Natali

Dissertations and Theses Collection (Open Access)

The rapid increase in online social networking services over the last decade has pre- sented an unprecedented opportunity to observe users’ behaviour both on a societal and individual level. The insight gained from analysing such data can help foster a deeper understanding of social media users and the flow of information, while also offering valuable business applications. User relationships are among the most studied aspects of online behaviour. These relationships are not homogeneous. Past research has shown that people use social networks to both socialize and source in- formation. Hence, different types of links – used to socialize, gain information, …

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Analysis Of Public Transportation Patterns In A Densely Populated City With Station-Based Shared Bikes, Di Wang, Evan Wu, Ah-Hwee Tan Jul 2018

Analysis Of Public Transportation Patterns In A Densely Populated City With Station-Based Shared Bikes, Di Wang, Evan Wu, Ah-Hwee Tan

Research Collection School Of Computing and Information Systems

Densely populated cities face great challenges of high transportation demand and limited physical space. Thus, in these cities, the public transportation system is heavily relied on. Conventional public transportation modes such as bus, taxi and subway have been globally deployed over the past century. In the last decade, a new type of public transportation mode, shared bike, emerged in many cities. These shared bikes are deployed by either government-regulated or profit-driven companies and are either station-based or station-less. Nonetheless, all of them are designed to better solve the last-mile problem in densely populated cities as complements to the conventional public …

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Pacela: A Neural Framework For User Visitation In Location-Based Social Networks, Thanh Nam Doan, Ee-Peng Lim Jul 2018

Pacela: A Neural Framework For User Visitation In Location-Based Social Networks, Thanh Nam Doan, Ee-Peng Lim

Research Collection School Of Computing and Information Systems

Check-in prediction using location-based social network data is an important research problem for both academia and industry since an accurate check-in predictive model is useful to many applications, e.g. urban planning, venue recommendation, route suggestion, and context-aware advertising. Intuitively, when considering venues to visit, users may rely on their past observed visit histories as well as some latent attributes associated with the venues. In this paper, we therefore propose a check-in prediction model based on a neural framework called Preference and Context Embeddings with Latent Attributes (PACELA). PACELA learns the embeddings space for the user and venue data as well …

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Technology-Enabled Medication Adherence For Seniors Living In The Community: Experiences, Lessons, And The Road Ahead, Hwee Xian Tan, Hwee-Pink Tan, Huiguang Liang Jul 2018

Technology-Enabled Medication Adherence For Seniors Living In The Community: Experiences, Lessons, And The Road Ahead, Hwee Xian Tan, Hwee-Pink Tan, Huiguang Liang

Research Collection School Of Computing and Information Systems

Medication non-adherence in seniors can lead to severe health complications, including morbidity, mortality and decreased quality of life. In view of ageing populations worldwide, there is significant interest among the healthcare sector and researchers to improve medication adherence rates for seniors. However, existing studies in the literature focus primarily on identifying the predictors of medication non-adherence. In this paper, we present our work on technology-enabled medication adherence for 24 community-dwelling seniors over a period of more than 2 years. We leverage Internet of Things (IoT) devices to track inferred medication consumption in the seniors’ homes, and provide quasi real-time alerts …

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Identifying Elderlies At Risk Of Becoming More Depressed With Internet-Of-Things, Jiajue Ou, Huiguang Liang, Hwee Xian Tan Jul 2018

Identifying Elderlies At Risk Of Becoming More Depressed With Internet-Of-Things, Jiajue Ou, Huiguang Liang, Hwee Xian Tan

Research Collection School Of Computing and Information Systems

Depression in the elderly is common and dangerous. Current methods to monitor elderly depression, however, are costly, time-consuming and inefficient. In this paper, we present a novel depression-monitoring system that infers an elderly’s changes in depression level based on his/her activity patterns, extracted from wireless sensor data. To do so, we build predictive models to learn the relationship between depression level changes and behaviors using historical data. We also deploy the system for a group of elderly, in their homes, and run the experiments for more than one year. Our experimental study gives encouraging results, suggesting that our IoT system …

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Unobtrusive Detection Of Frailty In Older Adults, Nadee Goonawardene, Hwee-Pink Tan, Lee Buay Tan Jul 2018

Unobtrusive Detection Of Frailty In Older Adults, Nadee Goonawardene, Hwee-Pink Tan, Lee Buay Tan

Research Collection School Of Computing and Information Systems

Sensor technologies have gained attention as an effective means to monitor physical and mental wellbeing of elderly. In this study, we examined the possibility of using passive in-home sensors to detect frailty in older adults based on their day-to-day in-home living pattern. The sensor-based elderly monitoring system consists of PIR motion sensors and a door contact sensor attached to the main door. A set of pre-defined features associated with elderly’s day-to-day living patterns were derived based on sensor data of 46 elderly gathered over two different time periods. A series of feature vectors depicting different behavioral aspects were derived to …

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Situation-Aware Authenticated Video Broadcasting Over Train-Trackside Wifi Networks, Yongdong Wu, Dengpan Ye, Zhuo Wei, Qian Wang, William Tan, Robert H. Deng Jul 2018

Situation-Aware Authenticated Video Broadcasting Over Train-Trackside Wifi Networks, Yongdong Wu, Dengpan Ye, Zhuo Wei, Qian Wang, William Tan, Robert H. Deng

Research Collection School Of Computing and Information Systems

Live video programmes can bring in better travel experience for subway passengers and earn abundant advertisement revenue for subway operators. However, because the train-trackside channels for video dissemination are easily accessible to anyone, the video traffic are vulnerable to attacks which may cause deadly tragedies. This paper presents a situation-aware authenticated video broadcasting scheme in the railway network which consists of train, on-board sensor, trackside GSM-R (Global System for Mobile Communications-Railway) device, WiFi AP (Access Point), and train control center. Specifically, the scheme has four modules: (1) a train uses its on-board sensors to obtain its speed, location, and RSSI …

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Deeptravel: A Neural Network Based Travel Time Estimation Model With Auxiliary Supervision, Hanyuan Zhang, Hao Wu, Weiwei Sun, Baihua Zheng Jul 2018

Deeptravel: A Neural Network Based Travel Time Estimation Model With Auxiliary Supervision, Hanyuan Zhang, Hao Wu, Weiwei Sun, Baihua Zheng

Research Collection School Of Computing and Information Systems

Estimating the travel time of a path is of great importance to smart urban mobility. Existing approaches are either based on estimating the time cost of each road segment or designed heuristically in a non-learning-based way. The former is not able to capture many cross-segment complex factors while the latter fails to utilize the existing abundant temporal labels of the data, i.e., the time stamp of each trajectory point. In this paper, we leverage on new development of deep neural networks and propose a novel auxiliary supervision model, namely DeepTravel, that can automatically and effectively extract different features, as well …

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Taxis Strike Back: A Field Trial Of The Driver Guidance System, Shih-Fen Cheng, Shashi Shekhar Jha, Rishikeshan Rajendram Jul 2018

Taxis Strike Back: A Field Trial Of The Driver Guidance System, Shih-Fen Cheng, Shashi Shekhar Jha, Rishikeshan Rajendram

Research Collection School Of Computing and Information Systems

Traditional taxi fleet operators world-over have been facing intense competitions from various ride-hailing services such as Uber and Grab (specific to the Southeast Asia region). Based on our studies on the taxi industry in Singapore, we see that the emergence of Uber and Grab in the ride-hailing market has greatly impacted the taxi industry: the average daily taxi ridership for the past two years has been falling continuously, by close to 20% in total. In this work, we discuss how efficient real-time data analytics and large-scale multi-agent optimization technology could potentially help taxi drivers compete against more technologically advanced service …

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A Driver Guidance System For Taxis In Singapore, Shashi Shekhar Jha, Shih-Fen Cheng, Meghna Lowalekar, Nicholas Wong, Rishikeshan Rajendram, Pradeep Varakantham, Nghia Troung Troung, Firmansyah Bin Abd Rahman Jul 2018

A Driver Guidance System For Taxis In Singapore, Shashi Shekhar Jha, Shih-Fen Cheng, Meghna Lowalekar, Nicholas Wong, Rishikeshan Rajendram, Pradeep Varakantham, Nghia Troung Troung, Firmansyah Bin Abd Rahman

Research Collection School Of Computing and Information Systems

Traditional taxi fleet operators world-over have been facing intense competitions from various ride-hailing services such as Uber and Grab.Based on our studies on the taxi industry in Singapore, we see that the emergence of Uber and Grab in the ride-hailing market has greatly impacted the taxi industry: the average daily taxi ridership for the past two years has been falling continuously, by close to 20% in total. In this work, we discuss how efficient real-time data analytics and large-scale multiagent optimization technology could help taxi drivers compete against more technologically advanced service platforms. Our system has been in field trial …

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Detecting Personal Intake Of Medicine From Twitter, Debanjan Mahata, Jasper Friedrichs, Rajiv Ratn Shah, Jing Jiang Jul 2018

Detecting Personal Intake Of Medicine From Twitter, Debanjan Mahata, Jasper Friedrichs, Rajiv Ratn Shah, Jing Jiang

Research Collection School Of Computing and Information Systems

Mining social media messages such as tweets, blogs, and Facebook posts for health and drug related information has received significant interest in pharmacovigilance research. Social media sites (e.g., Twitter), have been used for monitoring drug abuse, adverse reactions to drug usage, and analyzing expression of sentiments related to drugs. Most of these studies are based on aggregated results from a large population rather than specific sets of individuals. In order to conduct studies at an individual level or specific groups of people, identifying posts mentioning intake of medicine by the user is necessary. Toward this objective we develop a classifier …

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Assessing Qualitative Studies In Public Administration Research, Sonia M. Ospina, Marc Esteve, Seulki Lee Jul 2018

Assessing Qualitative Studies In Public Administration Research, Sonia M. Ospina, Marc Esteve, Seulki Lee

Research Collection School of Social Sciences

Systematic reviews of research methods in the public administration field have assessed the progress of research practice and offered relevant recommendations to further develop research quality. But most recent reviews examine quantitative studies, and the few assessments of qualitative scholarship tend to focus on specific dimensions. This article calls attention to the overall practice of qualitative research in the field of public administration. The authors analyzed 129 qualitative studies published during a five-year period (2010–14) in the six top public administration journals, combining bibliometric and qualitative analyses. Three findings are drawn from the analysis. First, qualitative work represents a very …

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Role Of Social Media In Public Accounting Firms, Brenda Eschenbrenner, Fiona Fui-Hoon Nah, Zhiwei Lu Jul 2018

Role Of Social Media In Public Accounting Firms, Brenda Eschenbrenner, Fiona Fui-Hoon Nah, Zhiwei Lu

Research Collection School Of Computing and Information Systems

Social media has been widely used for both professional and personal communications. Businesses recognize the importance of social media and are using them to fulfill various business objectives. In this paper, we focus on analyzing the business objectives of public accounting firms that have both a firm-wide main page and a career page on Facebook. More specifically, we compare the business objectives they are achieving with their firm-wide main pages versus career pages. We not only find differences in the objectives that are being achieved, but also identify other objectives that are not actively being pursued on either page but …

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Agents, Principals, Or Something In Between? Bureaucrats And Policy Control In Thailand, Jacob Ricks Jul 2018

Agents, Principals, Or Something In Between? Bureaucrats And Policy Control In Thailand, Jacob Ricks

Research Collection School of Social Sciences

In the aftermath of the 2006 and 2014 Thai coups,observers declared the resurrection of the bureaucratic polity. Bureaucrats,though, remained influential even during the period of 1992-2006, when electedpoliticians were thought to command the Thai state. Bureaucratic involvement inpolitics poses a challenge for dominant political science theories ofpolitician-bureaucrat relationships, which draw heavily from principal-agentframeworks. I apply agency theory to Thailand, testing three differenthypotheses derived from the theory. Examining legislative productivity andcontrol over bureaucratic career trajectories, I find that elected politiciansincreasingly acted as principals of the Thai state from 1992 through 2006, andto a lesser degree from 2008 to 2013. Thai bureaucrats, …

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The Politics Of Walls: Barriers, Flows, And The Sublime, William A. Callahan Jul 2018

The Politics Of Walls: Barriers, Flows, And The Sublime, William A. Callahan

Research Collection School of Social Sciences

As Donald Trump’s presidential campaign showed, walls are a hot topic. While ‘globalisation’, with its free flow of capital and goods, characterised world politics after the end of the Cold War, the twenty-first century has witnessed a reassertion of cultural, legal, and physical barriers. It is common to criticise such post-Cold War walls, especially the US-Mexico Barrier and Israel’s West Bank Barrier, as ineffective and immoral. This article problematises such critical discourse by using unlikely juxtapositions (the Great Wall of China) and new conceptual frameworks (gaps, critical aesthetics) to explore: (1) how walls can be a rational security policy; (2) …

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How National Culture Influences Individuals’ Subjective Experience With Paradoxical Tensions, Joshua Keller, Erica Wen Chen, Angela K. Y. Leung Jul 2018

How National Culture Influences Individuals’ Subjective Experience With Paradoxical Tensions, Joshua Keller, Erica Wen Chen, Angela K. Y. Leung

Research Collection School of Social Sciences

Purpose: The purpose of this paper is to examine how national culture influences individuals’ subjective experience of tension when confronting paradoxical demands that arise during their day-to-day organizational experience. The paper further explores two types of paradoxical demands (task-oriented and relational-oriented) and two mediating mechanisms (tolerance for contradictions and harmony enhancement concerns) that exhibit contrary cultural effects.Design/methodology/approach: Drawing from a sample of white-collar workers in China and the USA, the authors first inductively generated scenarios with task-oriented and relational-oriented paradoxical demands and then conducted three studies where participants rated the perceived tension from the scenarios. In Study 1, they examined …

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Social Class, Control, And Action: Socioeconomic Status Differences In Antecedents Of Support For Pro-Environmental Action, Kimin Eom, Heejung S. Kim, David K. Sherman Jul 2018

Social Class, Control, And Action: Socioeconomic Status Differences In Antecedents Of Support For Pro-Environmental Action, Kimin Eom, Heejung S. Kim, David K. Sherman

Research Collection School of Social Sciences

Addressing social issues such as climate change requires significant support and engagement of citizens with diverse socioeconomic backgrounds. The present research examines whether individuals who vary in their socioeconomic status significantly differ in their psychological antecedents of support for pro-environmental action. Study 1, using U.S. nationally representative data, showed that personal beliefs about climate change predicted support for pro-environmental policies more strongly among individuals with a higher, relative to lower, SES background. Studies 2 and 3, by employing correlational and experimental approaches respectively, found that general sense of control over life outcomes underlies the extent to which support for pro-environmental …

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Acute Salivary Cortisol Response Among Mexican American Adolescents In Immigrant Families, Su Yeong Kim, Minyu Zhang, Katharine H. Zeiders, Lester Sim, Marci E. J. Gleason Jul 2018

Acute Salivary Cortisol Response Among Mexican American Adolescents In Immigrant Families, Su Yeong Kim, Minyu Zhang, Katharine H. Zeiders, Lester Sim, Marci E. J. Gleason

Research Collection School of Social Sciences

Objectives: Though previous research has indicated that language brokering can be stressful, the findings are mixed, pointing to potential moderators of the association. Guided by an ecological perspective, we examined the role of individual, family, and environmental factors in Mexican American adolescents’ acute cortisol responses to language brokering. Method: The study consisted of 46 Mexican American adolescents recruited around a metropolitan city in Central Texas. Participants translated a difficult medical document from English to Spanish for their parents, followed by an arithmetic task (modeled after the Trier Social Stress Test [TSST]). Participants’ perceptions (perceived efficacy and parental dependence), parental hostility, …

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Beyond Oil: Saudi Vision 2030 And Saudi-South Korean Relations, Inwook Kim Jul 2018

Beyond Oil: Saudi Vision 2030 And Saudi-South Korean Relations, Inwook Kim

Research Collection School of Social Sciences

Saudi Vision 2030, Saudi Arabia’s bid for economic and social transformation, has been quietly gathering renewed interest in South Korea amid the unfolding drama with the nuclear program of its northern brethren. The latest sign of this engagement occurred when minister Khalid al-Falih of Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources (MOEIMR) met with president Moon Jae-In on May 4 of this year. Their 35-minute private reception was rare for a minister’s meeting, according to a Blue House official, signifying that interest in Saudi Vision 2030 is at the highest possible level. During his visit, al-Falih also met …

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The Perception Of Spontaneous And Volitional Laughter Across 21 Societies, Gregory A. Bryan, Daniel M. Fessler, Riccardo Fusaroli, Edward Clint, Dorsa Amir, Brenda Chavez, Kaleda K. Denton, Cinthya Diaz, Lealaiailoto T. Duran, Jana Fancovicova, Michal Fux, Erni F. Ginting, Youssef Hasan, Anning Hu, Shanmukh V. Kamble, Tatsuya Kameda, Kiri Kuroda, Norman P. Li, Et Al Jul 2018

The Perception Of Spontaneous And Volitional Laughter Across 21 Societies, Gregory A. Bryan, Daniel M. Fessler, Riccardo Fusaroli, Edward Clint, Dorsa Amir, Brenda Chavez, Kaleda K. Denton, Cinthya Diaz, Lealaiailoto T. Duran, Jana Fancovicova, Michal Fux, Erni F. Ginting, Youssef Hasan, Anning Hu, Shanmukh V. Kamble, Tatsuya Kameda, Kiri Kuroda, Norman P. Li, Et Al

Research Collection School of Social Sciences

Laughter is a nonverbal vocalization occurring in every known culture, ubiquitous across all forms of human socialinteraction. Here, we examined whether listeners around the world, irrespective of their own native language andculture, can distinguish between spontaneous laughter and volitional laughter—laugh types likely generated by differentvocal-production systems. Using a set of 36 recorded laughs produced by female English speakers in tests involving 884participants from 21 societies across six regions of the world, we asked listeners to determine whether each laugh wasreal or fake, and listeners differentiated between the two laugh types with an accuracy of 56% to 69%. Acoustic analysisrevealed that …

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Income Inequality, Productivity, And International Trade, Wen-Tai Hsu, Lin Lu, Pierre Picard Jul 2018

Income Inequality, Productivity, And International Trade, Wen-Tai Hsu, Lin Lu, Pierre Picard

Research Collection School Of Economics

This paper discusses the effect of income inequality on selection and aggregate productivity in a general equilibrium model with non-homothetic preferences. It shows the existence of a negative relationship between the number and quantity of products consumed by an income group and the earnings of other income groups. It also highlights the negative effect of a mean-preserving spread of income on aggregate productivity through the softening of firms’ selection. This effect is however mitigated in the presence of international trade. In a quantitative analysis, it is shown that an excessively large mean-preserving spread of income may harm the rich as …

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Singapore High Court Rejects Application To Adjourn Enforcement Of Foreign Arbitral Award, Wei Ming Tan, Aaron Yoong, Lixin Chen Jul 2018

Singapore High Court Rejects Application To Adjourn Enforcement Of Foreign Arbitral Award, Wei Ming Tan, Aaron Yoong, Lixin Chen

Research Collection Yong Pung How School Of Law

In the recent decision of Man Diesel & Turbo SE v I.M. Skaugen Marine Services Pte Ltd [2018] SGHC 132, the Singapore High Court (“HC”) rejected an application to adjourn the enforcement of an arbitral award that was also the subject of a setting aside application in Denmark, the seat of the arbitration. This case is the first of its kind in Singapore and provides clarity as to when litigants can seek an adjournment of proceedings to enforce a foreign arbitral award.

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From Waqf, Ancestor Worship To The Rise Of The Global Trust: A History Of The Use Of The Trust As A Vehicle For Wealth Transfer In Singapore, Hang Wu Tang Jul 2018

From Waqf, Ancestor Worship To The Rise Of The Global Trust: A History Of The Use Of The Trust As A Vehicle For Wealth Transfer In Singapore, Hang Wu Tang

Research Collection Yong Pung How School Of Law

This Article focuses on the migration of English trust law to Singapore and its past and present uses in relation to wealth transfer through the ages. In Singapore, trust law arrived together with the corpus of English law. Unlike criminal law, which was influenced by Indian codes promulgated by the English in British India, trust law was received into Singapore directly from England.

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Medical Negligence Proceedings In Singapore: Instilling A Gentler Touch, Dorcas Quek Anderson Jul 2018

Medical Negligence Proceedings In Singapore: Instilling A Gentler Touch, Dorcas Quek Anderson

Research Collection Yong Pung How School Of Law

Medical malpractice is an area that traverses a wide range of issues in any society – the qualityand cost of healthcare, the insurance industry, the cost of litigation, the impact on medicalpractice and the heightened emotions arising from injuries or even loss of lives. Evidently, thequestion of compensation for medical malpractice impinges on each of these challenges. Likemany countries, Singapore has been grappling with these issues through implementing variousreforms in the legal and healthcare sectors. Although compensation has historically beenobtained through legal proceedings in the Singapore courts, there is a growing shift towardsadopting a much gentler touch to deal with …

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Data Protection In The Internet: National Rapporteur (Singapore), Ee-Ing Ong Jul 2018

Data Protection In The Internet: National Rapporteur (Singapore), Ee-Ing Ong

Research Collection Yong Pung How School Of Law

National report on Singapore's data protection laws, including the Personal Data Protection Act, and how data protection laws are implemented and enforced in Singapore.

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Who Doesn’T Want Democracy? A Multilevel Analysis Of Elite And Mass Attitudes, Brandon Gorman, Ijlal Naqvi, Charles Kurzman Jul 2018

Who Doesn’T Want Democracy? A Multilevel Analysis Of Elite And Mass Attitudes, Brandon Gorman, Ijlal Naqvi, Charles Kurzman

Research Collection School of Social Sciences

Despite its global rise in popularity, a significant number of people still oppose democracy. The present study evaluates three competing theories of opposition to democracy—developmentalist, culturalist, and elitist—using a series of multilevel regression models that combine individual- and country-level variables. Results of our statistical analyses suggest that (1) country-level indicators of social, political, and economic development are unrelated to individual support for democracy; (2) macro-cultural factors have mixed effects on individual support for democracy; and (3) individual income and education have strong effects on individual support for democracy, but this relationship is mediated by country-level economic development. Specifically, we find …

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Singapore Convention On Mediation, Nadja Alexander Jul 2018

Singapore Convention On Mediation, Nadja Alexander

Research Collection Yong Pung How School Of Law

The forthcoming Singapore Convention on Mediation will be the first UN Treaty named after Singapore. At the 51st Session of the United Nations (UN) Commission on International Trade Law (UNCITRAL) on 26 June 2018, the final drafts of the Convention on the Enforcement of International Settlement Agreements and corresponding Model Law were approved. A resolution to name the Convention the “Singapore Mediation Convention” was also approved. This concludes three years of vigorous debate with participation by 85 member states and 35 international governmental and non-governmental organisations. Once finalised and adopted by UNCITRAL, the next step is for the UN General …

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Do Hedge Funds Exploit Rare Disaster Concerns?, George P. Gao, Pengjie Gao, Zhaogang Song Jul 2018

Do Hedge Funds Exploit Rare Disaster Concerns?, George P. Gao, Pengjie Gao, Zhaogang Song

Research Collection Lee Kong Chian School Of Business

We find hedge funds that have higher return covariation with a disaster concern index, which we develop through out-of-the-money puts on various economic sector indices, earn significantly higher returns in the cross-section. We provide evidence that these funds’ managers are more skilled at exploiting the market’s ex ante rare disaster concerns (SEDs), which may not be associated with disaster risk. In particular, high-SED funds, on average, outperform low-SED funds by 0.96% per month, but have less exposure to disaster risk. They continue to deliver superior future performance when SEDs are estimated using the disaster concern index purged of disaster risk …

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Real Estate Risk, Corporate Investment And Financing Choice, Xiaoying Deng, Seow Eng Ong, Meijun Qian Jul 2018

Real Estate Risk, Corporate Investment And Financing Choice, Xiaoying Deng, Seow Eng Ong, Meijun Qian

Research Collection Lee Kong Chian School Of Business

This paper empirically examines how real estate risk impacts corporate investment and financing decisions. Using a panel of United States firms from 1985 to 2013, we document that real estate risk is negatively associated with firms’ long-term investments and long-term external financing in equity and debt. The results are robust to different risk measurements and in particular salient during the financial crisis period when the endogeneity between risk and investment is less of a concern. The effect on firm leverage, however, depends on risk measures. Overall, in contrast to previously documented positive effects of the real estate value, real estate …

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