This study investigates the long-run stochastic properties of real estate assets by geographical breakdown. We also study their linkages with financial assets. The initial tests find that almost all property types exhibit the presence of nonstationarity. Thus, cointegrated methodologies are...

This study extends the of-balance sheet (OBS) banking literature to thrift OBS activities by empirically examining the motivation for thrift institutions to engage in various OBS activities, and to shed light on the risk-based capital requirement of thrift OBS activities. This is the first known...

Capital acquisition has received increased attention as publicly-traded firms endured and are now slowly emerging from the financial crisis. Along those lines, we examine ten years of shelf offerings, from 1996 to 2005, as they offer a unique manner with which firms can enhance their capital...