Publications

Former conference papers published in peer-reviewed journals

Many of our previous conference papers have been published in highly-ranked peer-reviewed journals. Congratulations to our presenters! We hope our discussions have been beneficial for the final step. Please inform us if your publications is not yet on this list.

2024

Deng, X., Liu, C., & Ong, S.E. (2024). Shadow Bank, Risk-Taking, and Real Estate Financing: Evidence from the Online Loan Market, The Journal of Real Estate Finance and Economics, 68, 1–27. https://doi.org/10.1007/s11146-022-09936-7

Hoesli, M., Johner, L., & Lekander, J. (2024), The role of multi-family properties in hedging pension liability risk: long-run evidence, Journal of Property Investment & Finance, 42(1), 3–27. https://doi.org/10.1108/JPIF-04-2023-0035

2023

Fehrle, D. (2023). Hedging against inflation: housing versus equity, Empirical Economics, 65, 2583–2626. https://doi.org/10.1007/s00181-023-02449-z

Hahn, A. M., Kholodilin, K. A., Waltl, S. R., & Fongoni, M. (2023). Forward to the Past: Short-Term Effects of the Rent Freeze in Berlin. Management Science, 70(3), 1901–1923. https://doi.org/10.1287/mnsc.2023.4775

Mabille, P. (2023). The Missing Homebuyers: Regional Heterogeneity and Credit Contractions, The Review of Financial Studies, 36(7), 2756–2796. https://doi.org/10.1093/rfs/hhac077

2022

Birz, G., Devos, E., Dutta, S., Nguyen, K. & Tsang D. (2022). Ex-ante performance of REIT portfolios. Review of Quantitative Finance and Accounting, 59, 995–1018. https://doi.org/10.1007/s11156-022-01068-6

Cuestas, J. C., Kukk, M., & Levenko, N. (2022). Misalignments in house prices and economic growth in Europe. Applied Economics55(28), 3215–3237. https://doi.org/10.1080/00036846.2022.2110212

2021

Deng, X., Anglin, P. M., Gao, Y., & Sun, H. (2021). How Do the CEO Political Leanings Affect REIT Business Decisions? Journal of Real Estate Research, 43(4), 419–446. https://doi.org/10.1080/08965803.2021.2003507

2020

Coskun, Y., Seven, U., Ertugrul, H. M., & Alp, A. (2020). Housing price dynamics and bubble risk: the case of Turkey. Housing Studies35(1), 50–86. https://doi.org/10.1080/02673037.2017.1363378

Duca, J. V., & Ling, D. C. (2020). The Other (Commercial) Real Estate Boom and Bust: The Effects of Risk Premia and Regulatory Capital Arbitrage, Journal of Banking & Finance, 112, 105317. https://doi.org/10.1016/j.jbankfin.2018.03.006.

Peng, L. (2020). Benchmarking Local Commercial Real Estate Returns: Statistics Meets Economics. Real Estate Economics, 48(4), 1004–1029. https://doi.org/10.1111/1540-6229.12229

2019

Holtermans, R., & Kok, N. (2019). On the Value of Environmental Certification in the Commercial Real Estate Market, Real Estate Economics, 47(3), 685–722. https://doi.org/10.1111/1540-6229.12223

Ray, S., Fougère, D., & Lecat, R. (2019). Real Estate Prices and Corporate Investment: Theory and Evidence of Heterogeneous Effects across Firms, Journal of Money, Credit and Banking, 51(6), 1503–1546. https://doi.org/10.1111/jmcb.12631

2018

Akinsomi, O., Coskun, Y., Gupta, R., & Lau, C. K. M. (2018). Impact of Volatility and Equity Market Uncertainty on Herd Behaviour: Evidence from UK REITs, Journal of European Real Estate Research, 11(2), 169–186. https://doi.org/10.1108/JERER-06-2017-0021

Ernst, E., & Saliba, F. (2018). Are House Prices Responsible for Unemployment Persistance? Open Economies Review, 29(4), 795–833. https://doi.org/10.1007/s11079-018-9494-z

Friedrich, C., K. Hess, and R. Cunningham (2018). Monetary Policy and Financial Stability: Cross-Country Evidence, Journal of Money, Credit and Banking, 51(2–3), 403–453. https://doi.org/10.1111/jmcb.12526

Jia, S., Wang, Y., & Fan, G. Z. (2018). Home-Purchase Limits and Housing Prices: Evidence from China, The Journal of Real Estate Finance and Economics, 56(3), 386–409. https://doi.org/10.1007/s11146-017-9615-2

Kroencke, T. A., Schindler, F., & Steininger, B. I. (2018). The Anatomy of Public and Private Real Estate Return Premia, The Journal of Real Estate Finance and Economics, 56, 500–523. https://doi.org/10.1007/s11146-017-9646-8

van Dijk, D. W., & Francke, M. K. (2018). Internet Search Behavior, Liquidity, and Prices in the Housing Market, Real Estate Economics, 46(2), 368–403. https://doi.org/10.1111/1540-6229.12187

2017

Bond, S., & Xue, C. (2017). The Cross Section of Expected Real Estate Returns: Insights from Investment-Based Asset Pricing, The Journal of Real Estate Finance and Economics, 54, 403–428. https://doi.org/10.1007/s11146-016-9573-0

Hernández-Murillo, R., Owyang, M. T., & Rubio, M. (2017). Clustered housing cycles, Regional Science and Urban Economics 66, 185–197. https://doi.org/10.1016/j.regsciurbeco.2017.06.003

Milonas, K. (2017). The effects of foreclosure laws on securitization: Evidence from U.S. States, Journal of Financial Stability, 33, 1–22. https://doi.org/10.1016/j.jfs.2017.10.007

Rubio, M., & Carrasco-Gallego, J. A. (2017). Spain and the crisis: housing prices, credit, and macroprudential policies, Singapore Economic Review, 62(1), 109–133. https://doi.org/10.1142/S0217590817400057

Zhu, B., Betzinger, M., & Sebastian, S. (2017). Housing market stability, mortgage market structure, and monetary policy: Evidence from the euro area, Journal of Housing Economics, 37, 1–21. https://doi.org/10.1016/j.jhe.2017.04.001

2016

Bond, S. A., & Devine, A. (2016). Certification Matters: Is Green Talk Cheap Talk? The Journal of Real Estate Finance and Economics, 52, 117–140. https://doi.org/10.1007/s11146-015-9499-y

Bond, S. A., & Devine, A. (2016). Incentivizing Green Single-Family Construction: Identifying Effective Government Policies and Their Features, The Journal of Real Estate Finance and Economics 52, 383–407. https://doi.org/10.1007/s11146-015-9525-0

Damen, S., Vastmans, F., & Buyst, E. (2016). The Effect of Mortgage Interest Deduction and Mortgage Characteristics on House Prices, Journal of Housing Economics, 34, 15–29. https://doi.org/10.1016/j.jhe.2016.06.002

Eraslan, S. (2016). Safe-haven demand for housing in London, Economic Modelling, 58, 482–493. https://doi.org/10.1016/j.econmod.2015.12.022

2015

Basten, C., & Koch, C. (2015). The causal effect of house prices on mortgage demand and mortgage supply: Evidence from Switzerland, Journal of Housing Economics, 30, 1–22. https://doi.org/10.1016/j.jhe.2015.07.001

Cox, R., Brounen, D., & Neuteboom, P. (2015), Financial Literacy, Risk Aversion and Choice of Mortgage Type by Households, The Journal of Real Estate Finance and Economics, 50, 74–112. https://doi.org/10.1007/s11146-013-9453-9

Eichholtz, P., & Yönder, E. (2015), CEO Overconfidence, REIT Investment Activity and Performance, Real Estate Economics, 43(1), 139–162. https://doi.org/10.1111/1540-6229.12054

Hoesli, M., Oikarinen, E. & Serrano, C. (2015). Do public real estate returns really lead private returns?, Journal of Portfolio Management, 41(6), 105–117. https://doi.org/10.3905/jpm.2015.41.6.105

Hott, C. (2015). A model of mortgage losses and its applications for macroprudential instruments, Journal of Financial Stability, 16, 183–194. https://doi.org/10.1016/j.jfs.2014.06.005

Milcheva, S., & Zhu, B. (2015). Bank Integration and Co-movements across Housing Markets, Journal of Banking & Finance, 72, S148–S171. https://doi.org/10.1016/j.jbankfin.2015.07.002

2014

Alcock, J., Steiner, E., & Tan, K. J. K. (2014). Joint Leverage and Maturity Choices in Real Estate Firms: The Role of the REIT Status, The Journal of Real Estate Finance and Economics, 48(1), 57–78. https://doi.org/10.1007/s11146-012-9379-7

Akinsomi, O., Ong, S.E., Ibrahim, M. F., & Newell, G. (2014). The idiosyncratic risks of a Shariah compliant REIT investor, Journal of Property Research, 31(3), 211–243. https://doi.org/10.1080/09599916.2013.841276

Kishor, N. K., & Kumari, S. (2014). Consumption-Wealth Ratio and Expected Housing Return, Journal of Real Estate Research, 36(1), 87–108. https://doi.org/10.1080/10835547.2014.12091383

Lerbs, O. W. (2014). House Prices, Housing Development Costs, and the Supply of New Single-family Housing in German Counties and Cities, Journal of Property Research, 31(3), 183–210. https://doi.org/10.1080/09599916.2014.893249

Li, Q., Chow, Y. L., & Ong, S. E. (2014). Do changes in credit ratings of REITs affect their capital structure decision?, Journal of Property Research, 31(3), 264–285. https://doi.org/10.1080/09599916.2013.848225

Rubio, M., & Carrasco-Gallego, J. A. (2014). Macroprudential and monetary policies: Implications for financial stability and welfare, Journal of Banking & Finance, 49, 326–336. https://doi.org/10.1016/j.jbankfin.2014.02.012

Schindler, F. (2014). Persistence and Predictability in UK House Price Movements, The Journal of Real Estate Finance and Economics, 48, 132–163. https://doi.org/10.1007/s11146-012-9384-x

2013

Arsenault, M., Clayton, J., & Peng, L. (2013). Mortgage fund flows, capital appreciation, and real estate cycles, The Journal of Real Estate Finance and Economics, 47, 243–265. https://doi.org/10.1007/s11146-012-9361-4

Chegut, A., Eichholtz, P. M. A., & Rodrigues, P. (2013). The London Commercial Property Price Index, The Journal of Real Estate Finance and Economics, 47, 588–616. https://doi.org/10.1007/s11146-013-9429-9

Downs, D. H., & Güner, Z. N. (2013). Commercial Real Estate, Information Production and Market Activity, The Journal of Real Estate Finance and Economics, 46, 282–298. https://doi.org/10.1007/s11146-011-9348-6

Ebner, A. (2013). A micro view on home equity withdrawal and its determinants: Evidence from Dutch households, Journal of Housing Economics, 22(4), 321–337. https://doi.org/10.1016/j.jhe.2013.10.001

Janíčko, M. (2013). Housing price changes, general equilibrium and welfare, International Journal of Economic Sciences, 2(3), 56–100. https://www.iises.net/download/Soubory/soubory-puvodni/pp056-100_ijoes_2013V2N3.pdf

Kauko, T. (2013), On Sustainable Property Development – The Case of Budapest, The Open Urban Studies Journal, 6, 9–26. https://doi.org/10.2174/1874942901306010009

Marekwica, M., Schaefer, A., & Sebastian, S. (2013). Life cycle asset allocation in the presence of housing and tax-deferred investing, Journal of Economic Dynamics and Control, 37(6), 1110–1125. https://doi.org/10.1016/j.jedc.2013.01.008

Schindler, F. (2013). Predictability and Persistence of the Price Movements of the S&P/Case-Shiller House Price Indices, The Journal of Real Estate Finance and Economics 46, 44–90. https://doi.org/10.1007/s11146-011-9316-1

Wong, WC., Ong, SE., & Ooi, J. T. L. (2013). Sponsor Backing in Asian REIT IPOs, The Journal of Real Estate Finance and Economics, 46, 299–320. https://doi.org/10.1007/s11146-011-9336-x

2012

Borgloh, S., & Westerheide, P. (2012). The impact of mutual support based housing projects on the costs of care, Housing Studies, 27(5), 620–642. https://doi.org/10.1080/02673037.2012.697554

Hoesli, M., & Oikarinen, E. (2012). Are REITs real estate? Evidence from international sector level data, Journal of International Money and Finance, 31(7), 1823–1850. https://doi.org/10.1016/j.jimonfin.2012.05.017

Kröncke, T. A., & Schindler, F. (2012). International Diversification with Securitized Real Estate and the Veiling Glare from Currency Risk, Journal of International Money and Finance, 31(7), 1851–1866. https://doi.org/10.1016/j.jimonfin.2012.05.018

Rehkugler, H., & Schindler, F. (2012). Neue Regulierungen für die Finanzwirtschaft – Mögliche Auswirkungen von Solvency II und Basel III für die Attraktivität von Immobilienanlagen und die Immobilienfinanzierung, Betriebswirtschaftliche Forschung und Praxis (BFuP), 6(2), 105–120. https://datenbank.nwb.de/Dokument/434717

Rehkugler, H., Schindler, F., & Zajonz, R. (2012). The Net Asset Value and Stock Prices of European Real Estate Companies – Explaining Net Asset Value Spreads by an Empirical Model, Zeitschrift für Betriebswirtschaft (ZfB), 82(Suppl 1), 53–77. https://doi.org/10.1007/s11573-011-0528-x

Gregoir, S., Hutin, M., Maury, T.-P., & Prandi, G. (2012). Measuring Local Individual Housing Returns from a large Transaction Database, Annals of Economics and Statistics, 107/108(2), 93–131. https://doi.org/10.2307/23646573

2011

Duca, J. V., Muellbauer, J., & Murphy, A. (2011). House prices and credit constraints: Making Sense of the U.S. Experience, Economic Journal, 121(552), 533–551. https://doi.org/10.1111/j.1468-0297.2011.02424.x

Füss, R., & Schindler, F. (2011), Diversifikationsvorteile verbriefter Immobilienanlagen in einem Mixed-Asset-Portfolio, Perspektiven der Wirtschaftspolitik, 12(2), 170–191. https://doi.org/10.1111/j.1468-2516.2011.00362.x

Füss, R., Rottke, N., & Zietz, J. (2011), What drives CEOs to take on more risk? Some evidence from the laboratory of REITs, Journal of Applied Corporate Finance, 23(1), 92–105. https://doi.org/10.1111/j.1745-6622.2011.00318.x

Oikarinen, E., Hoesli, M., & Serrano, C. (2011). The long-run dynamics between direct and securitized real estate, Journal of Real Estate Research, 33, 73–104. https://doi.org/10.1080/10835547.2011.12091299

Rehring, C., & Sebastian, S. (2011). Dynamics of commercial real estate asset markets, return volatility and the investment horizon, Journal of Property Research, 28(4), 291–315. https://doi.org/10.1080/09599916.2011.596943

Schindler, F. (2011). Long-Term Benefits from Investing in International Securitized Real Estate, International Real Estate Review, 14(1), 27–60. https://www.gssinst.org/irer/wp-content/uploads/2020/10/vol-14-no-1-long-term-benefits-from-investing-in-international-securitized-real-estate.pdf

Schindler, F. (2011). Market Efficiency and Return Predictability in the Emerging Securitized Real Estate Markets, Journal of Real Estate Literature, 19(1), 111–150. https://doi.org/10.1080/10835547.2011.12090293

2010

Kröncke, T., & Schindler, F. (2010). Downside Risk Optimization in Securitized Real Estate Markets, Journal of Property Investment & Finance, 28(6), 434–453. https://doi.org/10.1108/14635781011080294

Michelsen, C., & Weiß, D. (2010). What happened to the East German housing market? A historical perspective on the role of public funding. Post-Communist Economies22(3), 387–409. https://doi.org/10.1080/14631377.2010.498686

Schindler, F. (2010). Spillover Effects between International Real Estate Stock Markets, Zeitschrift für Immobilienökonomie (Journal of Interdisciplinary Property Research), 1, 5–25.

Schindler, F., Rottke, N., & Füss, R. (2010). Testing the Predictability and Efficiency of Securitized Real Estate Markets, Journal of Real Estate Portfolio Management, 16(2), 171–191. https://doi.org/10.1080/10835547.2010.12089867

Heydenreich, F. (2010), Economic Diversification: Evidence for the United Kingdom, Journal of Real Estate Portfolio Management, 16(1), 71-85. https://doi.org/10.1080/10835547.2010.12089864

2009

Fuchs, M., & Scharmanski, A. (2009). Counteracting path dependencies: ‘rational’ investment decisions in the globalising commercial property market, Environment and Planning A: Economy and Space, 41(11), 2724–2740. https://doi.org/10.1068/a41335

Schindler, F. (2009). Correlation Structure of Real Estate Markets over Time, Journal of Property Investment & Finance, 27(6), 579–592. https://doi.org/10.1108/14635780910993177

Schindler, F. (2009). Long-Term Benefits from Investing in Asia-Pacific Real Estate, Pacific Rim Property Research Journal, 15(3), 335–357. https://doi.org/10.1080/14445921.2009.11104285