The authors find that single women exhibit relatively more risk aversion in financial decision making than single men. Using U.S. sample data, they examine household holdings of risky assets to determine whether there are gender differences in financial risk taking. As wealth increases, the...

This study decomposes the effects of chronological age, birth cohort, and calendar year on the age profile of household financial risk taking. Using two measures of risk taking, one based on observed portfolio allocations of wealth and another based on survey respondents' stated willingness to...

In this paper, we use the Blinder-Oaxaca method for nonlinear models to decompose observed differences in credit rationing of small businesses between white- and minority-owned firms in the USA. We utilize a representative dataset of small businesses from the Survey of Small Business Finances...

The Sullivan Principles represented an attempt in the 1970s and 1980s in the United States to apply private pressure, as an alternative to government sanctions, to put an end to apartheid in South Africa. In this paper we assess the impact of the Principles on the employment practices of a...

Surveys of real estate research priorities for real estate fund managers in the United States, United Kingdom, Australia and Germany over 2000-03 are examined. Thirty-nine real estate research priorities are assessed, with much closer alignment for real estate research priorities in the U.K.,...

Linear models of market performance may be misspecified if the market is subdivided into distinct regimes exhibiting different behavior. Price movements in the United States real estate investment trusts and United Kingdom property companies markets are explored using a threshold autoregressive...

Increased competition, falling real estate market values and management fees dependent upon appraised values may create a deadly cocktail for independent real estate appraisers. These factors may encourage appraisers to succumb to client pressures to overvalue properties as well as impair the...

This study explores the use of real estate in investment portfolios of large property/casualty and life insurance companies in the U.S. While the theory of real estate asset allocation has been explored in the literature, the examination of actual practices of portfolio managers is not well...