Search results

1 – 4 of 4
Article
Publication date: 1 September 1999

Stewart Johnston and Lynn McAlevey

A historical analysis of the industrial groupings distinctive to Japan demonstrates the existence of persistent cohorts of stable friendly shareholders within group…

929

Abstract

A historical analysis of the industrial groupings distinctive to Japan demonstrates the existence of persistent cohorts of stable friendly shareholders within group company equity holdings. Over the years, these shareholders have performed various useful tasks for group companies especially with regard to ameliorating the effects of external threats to company governance or group coherence. A number of lessons for management are derived from this analysis.

Details

Journal of Management History, vol. 5 no. 6
Type: Research Article
ISSN: 1355-252X

Keywords

Article
Publication date: 4 May 2012

Patricia Fraser, Martin Hoesli and Lynn McAlevey

The purpose of this paper is to compare responses of house prices in three important markets when faced with permanent and temporary shocks to income. It additionally…

1795

Abstract

Purpose

The purpose of this paper is to compare responses of house prices in three important markets when faced with permanent and temporary shocks to income. It additionally decomposes each historical house price series into its permanent, temporary and deterministic components.

Design/methodology/approach

Using quarterly data over 1973‐2008, two‐variable systems of house prices and income are specified for three major house‐owning economies: New Zealand (NZ), the United Kingdom (UK) and the United States of America (USA).

Findings

NZ and UK housing markets are sensitive to both permanent and temporary shocks to income, while the US market reacts to temporary shocks with the permanent component having a largely insignificant role to play in house price composition. In NZ, the temporary component of house prices has tended to be positive over time, pushing prices higher than they would have been otherwise; while in the UK, both permanent and temporary components have tended to reinforce each other.

Originality/value

The paper uses state‐of‐the‐art methods to analyse the relationships between income and house prices in three economies.

Details

Journal of European Real Estate Research, vol. 5 no. 1
Type: Research Article
ISSN: 1753-9269

Keywords

Content available
Article
Publication date: 29 April 2014

103

Abstract

Details

Journal of European Real Estate Research, vol. 7 no. 1
Type: Research Article
ISSN: 1753-9269

Keywords

Content available
Article
Publication date: 1 September 1999

Jane Whitney Gibson

568

Abstract

Details

Journal of Management History, vol. 5 no. 6
Type: Research Article
ISSN: 1355-252X

Keywords

1 – 4 of 4