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We study whether tax considerations are an important determinant of commercial mortgage default. We also study whether large lenders are better informed, or better at interpreting information for lending purposes, and hence have lower foreclosure rates; whether lenders have more information on...
Persistent link: https://www.econbiz.de/10010989320
Fisher, Geltner, and Webb (1993), in a highly influential paper, develop a procedure to recover the underlying market values from a smoothed valuation-based commercial property return index, without assuming that the underlying property market is informationally efficient. Many papers since then...
Persistent link: https://www.econbiz.de/10005716689
The effect of thermal heat treatment on the mechanical and electrical properties of Cu–Ag alloys was investigated. The homogenization heat treatment leads to an increase in tensile strength and a decrease in electrical conductivity due to dissolution of Ag into copper matrix. Also, it is shown...
Persistent link: https://www.econbiz.de/10008799879
In this article we set up a real option model of retail shopping center leases. The model incorporates the effects of stochastic sales externalities and the possibility of tenant default, and in the presence of these effects, we derive and solve a partial differential equation that can be used...
Persistent link: https://www.econbiz.de/10005217285
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Persistent link: https://www.econbiz.de/10010062785
Fisher, Geltner, and Webb (1993), in a highly influential paper, develop a procedure to recover the underyling market values from a smoothed valuation-based commercial property return index, without assuming that the underlying property market is informationally efficient. Many papers since then...
Persistent link: https://www.econbiz.de/10012786574