Journal of Property Investment & Finance: Volume 39 Issue 6

EditorialResponding to referees’ reports: a personal perspective

Graeme Newell

Option effect of land transfer by city governments: a case study of Hangzhou

Ling Zhang, Minghui Zheng, Zheyan Zhang

This paper aims to study the impact of land options on the land transfer behaviour of Chinese city governments.

Senior housing in Scotland: a development and investment opportunity?

Andrew Fyfe, Norman Hutchison

This article aims to understand the housing needs of older people and to ascertain the level of demand and supply of age-related housing in Scotland. It also explores interest in…

Information asymmetry and REITs’ excess dividends: US and European market comparison

Giacomo Morri, Federico Palmieri, Emiliano Sironi

The purpose of this study is to analyze the determinants that lead REITs to pay out more dividends than the required level to retain their tax-favored status. In particular, the…

The effect of sentiment on commercial real estate returns: investor and occupier perspectives

Ka Shing Cheung, Joshua Lee

Real estate is an asset that is traded in highly segmented, illiquid and informationally inefficient local markets. A short sale in real estate is almost infeasible and therefore…

Cash flow uncertainty and IPO underpricing: evidence from income guarantee in Thai REITs

Kanis Saengchote, Chittisa Charoenpanich

The purpose of this article is to investigate the relationship between cash flow uncertainty and the underpricing of real estate investment trust (REIT) initial public offerings…

Property investment: gearing and portfolio returns

Nick French, Michael Patrick

The aim of this study is to comment upon the relatively straightforward but often misunderstood role of gearing (or leverage) on the potential equity return of a property…