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The purpose of this paper is to examine market microstructure differences in stock market quality for hospitality real estate investment trusts (REITs) during the pre- and post-financial crisis eras. It provides insight on different trading strategies based on the underlying liquidity and volatility of hospitality REITs as compared traditional REITs and the broader market.

The paper uses established microstructure measures for liquidity, trading volumes and risk assessment and compares daily and intraday trading patterns of REITs, hospitality REITs and the broad market.

The results suggest a quicker recovery of performance for hospitality REITs and some fundamental increases in liquidity measures post-crisis. The results of the study highlight the differences in trading volumes, liquidity and risk profile of hospitality REITs compared to traditional REITs both in the pre- and post-financial crisis periods.

The quicker recovery of hospitality REITs in key trading measures may suggest flight to quality during periods of high volatility.

This study fills the gap in the literature relative to microstructure studies and provides information to help hotel firms and portfolio managers choose an appropriate organizational structure and investment vehicle, respectively.

The purpose of this paper is to investigate whether energy-efficient green buildings tend to provide net lease structures over gross lease ones. It then considers whether owners benefit by trading away operational savings in a net lease structure.

Empirical models of office leasing transactions in Sydney, Australia, with wider transferability supported by analysis of office rent data in the USA.

Labeled green buildings are approximately four to five times more likely than non-labeled buildings to use a net lease structure. However, despite receiving operational savings, tenants in net leases pay higher total occupancy costs (TOC), benefiting owners. On average, the increase in TOC paid by tenants in a net lease is equal to or greater than savings attributed to an eco-labeled building.

A full accounting of TOC in eco-labeled buildings suggests that net lease structures provide numerous benefits to owners that offset the loss of trading away operational savings.

The principal-agent market inefficiency, or “split incentive,” is a widely cited barrier to private investment in energy-efficient building technology. Here, a uniquely broad look at rental cash flows suggests its role as a barrier is exaggerated.

This case study aims to appraise the financial benefits of green building construction in developing countries. The case study presents, green building's positive net present value (NPV) investment in real terms and potentially enhanced stock market returns at the firm level compared to competitors.

The case study examines secondary data on a green building certification and longitudinal operation costs to estimate green building investments' financial benefits. The case study also compares the stock market performance of green building portfolio company with non-green building competitors of similar size and industry.

The case study finds out that the real return rate on green building investment is higher than the weighted average cost of capital (WACC) of the company with an inflation-adjusted payback period of fewer than ten years. Findings compare favourably to the extant literature which was mostly in developed economies. The paper further highlights that stock market performance for a green building focused company shows improved returns to shareholders relative to non-green competitors.

The results are specific to the time and building researched; green buildings costs have reduced over time, and a new study may show improved case study findings. The case study results on stock market performance are indicative and may need further research for evaluation.

The case study presents a model for critical appraisal of green buildings investment. The paper further indicates that green building investment may lead to operational savings and superior stock performance compared to competitors.

The paper presents a green building investment appraisal model which might be useful for the industry and academia. Developing countries have limited literature on green buildings' financial benefits; this case study quantifies the financial benefits and compares them with the available literature related to developed economies’ green buildings.

This article is not the work of an expert on the period in question (see Robinson, 1971; Rheinwald, 1977); rather it is a commentary on a book whose half‐century has just passed almost unnoticed. In a sense the argument involves a further visit to what J.A. Schumpeter once described as the “lumber room” of historical knowledge, although this particular visit is prompted neither by nostalgia nor piety, but rather by the conviction that Chamberlin still has much to teach those interested in the theory of the firm and in the wider area of industrial economics. The article is also prompted by the conviction that the conventional textbook accounts of Chamberlin's work have introduced misleading simplifications in pursuing the qualities of coherence and precision in the presentation of ideas.

IT is fitting that a new series of this magazine should be introduced by some reflections on the whole question of book selection, both for the general public and libraries.

Ethiopia was under the rule of monarchies between 1811 and 1974, a reign long enough to create good value for Ethiopia. The emperors came from eight dynasties, and 86 emperors ruled Ethiopia from these dynasties. Apart from 1936 to 1941, when the Italians occupied Ethiopia, the nation was never under colonial rule. Vices such as concentration of power, inequity, favoritism, expansionist drive, and the marginalization of the population were prevalent during the reign of the emperors. Most of the emperors preferred a positive external reputation over internal respect. They maintained legitimacy despite their negative contributions because of their link to the gods, reinforced by the national religion. In the end, the emperors achieved marginalization and expansion, leading to wars, and draining the nation's natural and human resources. They did not create or leave behind any sustainable and effective legacy, and all they did ended with the termination of monarchical rule in 1974. In other words, in 1974, Ethiopia started from ground zero because what was left by the emperors had no use in the modern nation.

A FIRST attempt to give the dates of the introduction of printing into the various places in a county, generally results in an exhibition of the ignorance of the compiler. Further, when the information has not been systematically collected but simply forms part of a general collection of titles, relating not only to that county but to the country at large, the local specialist will probably quote vaguely of “rushing in where” he “fears to tread.” My only apology, and I consider it a perfectly valid one, for publishing the following notes on Essex printers and booksellers, is that no one else has done it.

IT is a very encouraging sign to those interested in the welfare of children that so much attention is being bestowed upon them by library authorities. On every side activity is apparent: most new buildings have a room set aside for the exclusive use of juveniles, and many old buildings are being adapted and special provision made for the young. In these circumstances a brief summary of practical requirements may not come amiss.

In recent years, the number of journals focusing on a single literary figure has increased substantially. No longer are only a few select authors the sole focus of a journal or newsletter. With the proliferation of single‐author periodicals, implications for their use in locating literary criticism increases the importance of identifying such publications and recommending them to users. The importance of the effective use of journals devoted to a single author is highlighted by the fact that many such titles are not indexed in MLA International Bibliography, long deemed the most complete of the traditional sources for locating literary criticism. Perhaps the greatest strength of the relatively recent American Humanities Index lies is its coverage of single‐author titles. Humanities Index and Abstracts for English Studies also provide access to such journals. Arts and Humanities Citation Index does include a number of the titles too, but it is relatively difficult to use because of its subject approach.