Financial flexibility describes the ability of a firm to access and restructure its financing by avoiding financial distress in the face of negative shocks, and by funding investment when profitable opportunities arise. General finance literature as well as real estate specific studies are not...

This paper presents a dynamic multi-equation model based on a balance sheet identity, where technical aspects of capital structure are highlighted through separately observing debt and equity and their relationship to investment. Additionally, leverage dynamics are interpreted in their role for...

This paper presents a dynamic multi-equation model based on a balance sheet identity, where technical aspects of capital structure are highlighted through separately observing debt and equity and their relationship to investment. Additionally, leverage dynamics are interpreted in their role for...

This paper presents a dynamic multi-equation model based on a balance sheet identity, where technical aspects of capital structure are highlighted through separately observing debt and equity and their relationship to investment. Additionally, leverage dynamics are interpreted in their role for...

This paper presents a dynamic multi-equation model based on a balance sheet identity, where technical aspects of capital structure are highlighted through separately observing debt and equity and their relationship to investment. Additionally, leverage dynamics are interpreted in their role for...

Purpose – The application of “Google” econometrics (Geco) has evolved rapidly in recent years and can be applied in various fields of research. Based on accepted theories in existing economic literature, this paper seeks to contribute to the innovative use of research on Google search...

This study follows the stream of research identifying sentiment trends by using online search query data. The potential of the Google data series for the U.K. housing market on a disaggregated level is analyzed in a panel VAR framework. The findings confirm existing research based on U.S....

Since the evolutionary work of Modigliani and Miller (1958) financial researchers make desperate efforts about dynamics of capital structure - not mentioning a well-defined inference of leverage on returns. In the past decade this is also a concern for real estate research because most financial...

As the building and real estate sector is responsible for about 40% of the economyís end energy consumption, its potential to contribute to a sustainable development is accordingly high. In terms of mitigation of climate change, the response of the property sector is expressed by the diffusion...