This research investigates the relationship between public policy and firm deaths in the U.S. States. Policies that promote firm births may increase or decrease firm deaths. We use components of the Economic Freedom of North America index (EFNA) as a metric to evaluate the relationship between...

This book outlines an analytical framework to understand power, influence, and statecraft in the Pacific Islands region. With contributions by scholars from the United States, Australia, China, New Zealand, and across the Pacific Islands region, it provides 'both sides of the story' of...

We examine the short-run and long-run price reaction of equity real estate investment trust (REIT) shares following credit rating actions, testing the transparency of the REIT structure. Generally, the economic effect on the stock price is subdued for both upgrades and downgrades compared to...

In this study, we explore the pricing patterns of the U.S. residential real estate market in the context of the recent housing bubble and subsequent deflation. We examine 10 consolidated metropolitan statistical areas and construct excess residential market return per risk measured by standard...

In this study, we investigate the use of professional Social Networking Sites (SNS) on performance in commercial real estate brokerage. Using LinkedIn followers as a proxy for an agent's professional social network, we find that listing agents with a larger professional online social network...

We explore the determinants and value implications of publicly traded real estate companies converting to real estate investment trusts (REITs), which we term REITing, and publicly-traded REITs giving up their REIT status, termed de-REITing. Non-REIT real estate firms that pay relatively high...

Equity market timing theory suggests the practice of issuing stocks at high prices and repurchasing at low prices. According to the equity market timing theory, the sharp decline in REIT shares creates a unique buying opportunity as many high-quality REITs may trade well below their liquidation...

We use artificial intelligence to identify financial steering activity in residential mortgage markets. Using mortgage data on bank sold properties and linking those to a unique data set that allows us to observe private information exchanges between listing and buyer agents, our results provide...