This paper examines the link between equity and credit markets for major financial institutions during times of heightened stress and increased default risk. We focus on sizeable US firms, which either failed or required substantial government support during 2008. Our examination of daily...

This study applies a complex systems approach to test for the presence of rational bubbles in the Equity REITs market. The applied model is based on theoretical implications of the evolution of prices under rational bubble regimes. The advantage of the approach is twofold. The model is able to...

The purpose of this paper is to establish whether the estimation accuracy of the sample-based valuation of a fairly homogenous real estate portfolio with stratification based on principal component and cluster analysis is robust over multiple valuation dates. We use a model portfolio of 2400...

Der vorliegende Band der vierbändigen Reihe „Immobilienwirtschaftslehre – Management, Ökonomie, Recht und Technik“ fokussiert im ersten Band auf das Immobilienmanagement. Er gliedert sich in die Teile (I) immobilienwirtschaftliche Grundlagen, (II) Führung als klassischer...