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Article
Publication date: 1 April 1993

Kenneth M. Lusht

Addresses how real estate has performed as an investment, theefficiency of real estate markets, valuation issues, the pricing ofcontract contingencies, prices and price…

Abstract

Addresses how real estate has performed as an investment, the efficiency of real estate markets, valuation issues, the pricing of contract contingencies, prices and price setting and the agency business. Concludes that the list of research questions is growing and there is a high level of both public and private sector interest in the answers that can be provided.

Details

Journal of Property Valuation and Investment, vol. 11 no. 4
Type: Research Article
ISSN: 0960-2712

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Article
Publication date: 1 April 1999

Many companies, especially high‐tech firms, can benefit by setting up their own internal venture capital fund, according to Michael Grossi, a senior consultant with…

Abstract

Many companies, especially high‐tech firms, can benefit by setting up their own internal venture capital fund, according to Michael Grossi, a senior consultant with Boston‐based Renaissance Worldwide.

Details

Journal of Business Strategy, vol. 20 no. 4
Type: Research Article
ISSN: 0275-6668

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Article
Publication date: 1 January 1998

Allen D. Morton

This paper uses a multifactor logit model to analyze the aftermarket performance of randomly chosen IPO's in hot and cold markets. The theories of risk aversion and…

Abstract

This paper uses a multifactor logit model to analyze the aftermarket performance of randomly chosen IPO's in hot and cold markets. The theories of risk aversion and utility maximization, in conjunction with the paper's empirical results, suggest that cold market investors are more risk averse than are hot market investors.

Details

Studies in Economics and Finance, vol. 19 no. 1/2
Type: Research Article
ISSN: 1086-7376

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Article
Publication date: 3 May 2016

Todd Kuethe

The purpose of this paper is to explore the consequences of appraisal smoothing in the estimation of the risks and returns of farm real estate. It examines the degree to…

Abstract

Purpose

The purpose of this paper is to explore the consequences of appraisal smoothing in the estimation of the risks and returns of farm real estate. It examines the degree to which the risk and return characteristics of farm real estate are an artifact of the methods used to measure aggregate property values.

Design/methodology/approach

A multifactor asset pricing model is estimated using farm real estate returns in a manner consistent with prior research, as well as using farm real estate returns calculated using two synthetic unsmoothing procedures developed in the real estate finance literature.

Findings

The model suggests that unsmoothed farm real estate returns exhibit characteristics that differ from those suggested by prior research. The unsmoothed returns suggest a stronger correlation with economy wide investment risks.

Originality/value

This is the first study to evaluate the impacts of appraisal smoothing in a farm real estate context. It provides a simple framework for addressing many of the pricing anomalies associated with farmland.

Details

Agricultural Finance Review, vol. 76 no. 1
Type: Research Article
ISSN: 0002-1466

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Article
Publication date: 1 December 2001

Seow Eng Ong, Joseph Ooi and Nyuk Hien Wong

This study examines the issue of cross‐continental publishing in real estate research to understand the research interaction between the two major English‐speaking…

Abstract

This study examines the issue of cross‐continental publishing in real estate research to understand the research interaction between the two major English‐speaking countries and to determine if a home bias exists. This study also determines the extent to which authors from other countries publish in US and UK journals, and provide a ranking of non‐US universities and authors. The survey of top US and UK real estate journals from 1993 through 1998 reveals that a home bias exists. The home bias concentration is higher in US journals than in UK journals, while UK journals exhibit more balanced origins, emanating not only from the USA/Canada, but also from Australia, New Zealand and Asia. In addition, the study reveals that the Universities of Reading, Ulster and Glasgow are well placed among European universities, while the National University of Singapore ranks well in Asia. Top US researchers tend to publish exclusively in US journals; likewise the same is observed for UK researchers. However, some notable exceptions are observed. Finally, a possible reason for the home bias could be the different research approaches undertaken by US and UK journals.

Details

Journal of Property Investment & Finance, vol. 19 no. 6
Type: Research Article
ISSN: 1463-578X

Keywords

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