This paper argues for the development of a theory that explains the evolution of property capital flows in Central European transitional economies. The foundation for a property investment development path (PIDP) theory primarily builds on John Dunningís extensive work on multinational...

This paper compares the corporate real estate holdings of European and US multinational corporations. The authors initially develop several benchmarks based on accounting and balance sheet information, and then test for significant differences by industries and sectors between European and US...

ERES:conference

Foreign real estate capital was a major source of financing domestic property market office construction in Central Europe after the fall of the Berlin Wall in 1989.  During the 1990s, over 800 office buildings were either newly constructed or refurbished in Budapest, Prague and Warsaw.  The...