This study investigates the performance of hotel common stocks relative to specific market indices and assess whether or not historic Beta was an appropriate measurement of future risk for hotel stocks in the market downturn of 2008. Using three different measurements of Beta, the study finds...

Artículo de revista ; Real estate investment trusts in Spain (SOCIMIs by their Spanish abbreviation) are instruments for investing in real estate assets which were regulated for the first time in Spain in 2009. They have grown rapidly in recent years to reach a relative size, approximated by...

Artículo de revista ; Las sociedades anónimas cotizadas de inversión en el mercado inmobiliario (SOCIMI) son instrumentos de inversión en activos inmobiliarios que, en España, se regularon por primera vez en 2009. En los últimos años han experimentado un rápido crecimiento, hasta...

Artículo de revista ; La pandemia de COVID-19 ha tenido un fuerte impacto en la evolución reciente del mercado inmobiliario comercial de España. En particular, la crisis ha provocado una importante caída de la inversión no residencial y ha desencadenado una corrección de los precios de...

The objective of this research is to know how leverage policy, dividend policy and earnings per share can give the influence in the value of firm in the go public’s manufacturing companies which are listed in The Indonesia Stock Exchange. Variable that used in this research are leverage policy...

This study analyzed the influence of financial performance to the changing of stock price of the real estate and property corporation listing on Indonesian Stock Exchange since 2007 up to 2009. variable that is utilized in research were net profit margin (NPM), return on equity (ROE), debt to...

En este estudio analizamos el efecto del capital bancario en las expansiones y contracciones crediticias durante alrededor de 150 años en España. Primero construimos cuidadosamente una medida de apalancamiento bancario (i. e., ratio de capital sobre activo) para el sector bancario español...

My dissertation aims at understanding the financing and investment decisions of firms. It contains two chapters.Chapter One studies the currency composition of debt for firms in emerging economies. Using a dataset of traded Mexican firms, I document two stylized facts about firms in the...

What is the cross-sectional relationship between financial leverage and expected equity returns? How is the empirical relationship associated with firm's financial decisions? This dissertation investigates the potential explanations for the flatness relation between financial leverage and...

We embed a structural model of credit risk inside a dynamic continuous-time consumption-based asset pricing model, which allows us to price equity and corporate debt in a unified framework. Our key economic assumptions are that the first and second moments of earnings and consumption growth...