We argue that banks operating in a local market possess better information about the local housing market than do non-local banks. Possessing this information may influence their willingness to grant loans to house buyers and the specifics of the loan terms, which in turn may affect house prices...

Purpose – The purpose of this paper is to explore the extent that interest subsidies have impacted on the total production of Swedish single‐ and multifamily houses. It also intends to examine whether tenure neutrality provision of interest subsidy that subsidy policy advocates was...

Purpose – The aim of this study is to investigate why housing prices differ between regions, and to estimate the speed‐of‐adjustment. Design/methodology/approach – A variety of factors explains the differences in the prices of single‐family houses. Changes in disposable income over...

Purpose – The purpose of this paper is to analyze the effects of Swedish rent controls on observed vacancy rates for rental housing. Design/methodology/approach – Housing vacancy rates are unevenly distributed among Swedish municipalities. In large expansive municipalities, such as Malmö,...

Purpose This study aims to examine the impact of housing construction on single-family housing values and the implications for urban development. Design/methodology/approach To achieve this objective, the author used the difference-in-difference methodology to examine the effect of multifamily...

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 study the determinants of aggregate fund flows to both equity and hybrid mutual funds. The authors test three hypotheses that help explaining the relationship between mutual fund flows and stock market returns, namely; the feedback-trader hypothesis,...

Purpose The purpose of this paper is to investigate the impact of financial literacy, risk attitude, and saving motives on the attenuation of mutual fund investors’ disposition bias. Specifically, the authors focus on individual characteristics explaining the investors’ propensity to sell...

Housing markets are typically segmented into a number of different sub‐markets. If the sub‐markets are not included in the hedonic estimation process, parameters will be biased. Furthermore, if neighbourhood characteristics are omitted, there is a risk that spatial dependency will be...

Purpose – The purpose of this paper is to investigate whether or not the offer price affects the transaction price and the number of days the property is on the market. Specifically, is it possible for the broker to use the offer price as an instrument for obtaining a higher transaction price?...