This course, offered by the MIT Center for Real Estate, focuses on developing an understanding of the macroeconomic factors that shape and influence markets for real property. We will develop the theory of land markets and locational choice. The material covered includes studies of changing...

In form of a qualitative single case study this thesis examines what people from industrialized countries such as Germany can learn about sustainability from Lynedoch EcoVillage, South Africa, and the associated 'Sustainability Institute', a non-profit trust based at and operating from Lynedoch...

This thesis addresses asset pricing in Chinese A-share stock markets using a dataset consisting of all shares listed in Shanghai and Shenzhen stock exchanges from January 1997 to December 2007. The empirical work is carried out based on two theoretical foundations: the efficient market...

Investigation into the relations between market fundamentals and US natural gas prices is carried out in the regime-switching framework. To test the hypothesis that US natural gas market may switch between two states of market: bullish market and bearish market, a 2-state regime-switching model...

Affine term structure models (ATSMs) are known to have a trade-off in predicting future Treasury yields and fitting the time-varying volatility of interest rates. First, I empirically study the role of macroeconomic variables in simultaneously achieving these two goals under affine models. To...

By replacing the unknown random factors of factor analysis with observed macroeconomic variables, the arbitrage pricing theory (APT) is recast as a multivariate nonlinear regression model with across-equation restrictions. An explicit theoretical justification for the inclusion of an arbitrary,...

Kredito rizikos nuostoliai ypatingai pastebimi ekonomikos nuosmukio periodu. Todėl mokslinėje literatūroje vis dar ieškant atsakymo į klausimą, kaip makroekonominė aplinka įtakoja kredito riziką, šio darbo tikslas yra įvertinti Lietuvos bankų sistemos kredito rizikos priklausomybę...

Vienas iš populiariausių metodų pasaulyje ir Lietuvoje padedantis nustatyti įmonių finansinius sunkumus bei bankroto riziką yra E. Altmano modelis, kuris remiasi įmonių finansiniais rodikliais. Kita vertus, yra žinoma, kad įmonių, susiduriančių su finansiniais sunkumais, skaičių...

Recent nancial crises have highlighted the sensitivity and vulnerability of nancial marketsto ination, which reduces the value of money and a ects the net returns of nancial instruments.In response to this, investors who are concerned with maintaining their investment'spurchasing power rather...

Purpose: The purpose of this paper is to introduce the concept of timescape and examine its impact on corporate real estate strategy, i.e. the people, process, space and technology elements of strategy. Design/methodology/approach: This paper utilises a qualitative approach to analyse secondary...