Prior studies show that resource adjustment costs and managerial discretion are important in the cost management. Recent studies suggest that behavioral biases can influence managerial discretion. We examine whether irrational pessimism induced by terrorism affects the sensitivity of costs to...

Purpose: There has been declining home ownership and increased acceptance of long-term renting in many western countries including Australia; this has created a problem when examining housing markets as there are dual demand and include both owner-occupiers and investors. The purpose of this...

Purpose – The purpose of this paper is to estimate the determinants of the retail space rent in Shanghai. Design/methodology/approach – Hedonic model and spatial regression models are used in the paper. The problem of spatial autocorrelation is tested by Moran's I statistics, and the root...

Purpose – The purpose of this paper is to investigate the determinants of the capital structure of listed property firms in China. Design/methodology/approach – The study is based on quantitative methods such as dynamic panel data models and a panel data set containing financial and...