東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Three essays on asymmetric informati...

Wiley, Jonathan Alan.

FindBook

Google Book

Amazon

博客來

Three essays on asymmetric information in real estate markets.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Three essays on asymmetric information in real estate markets./
作者:	Wiley, Jonathan Alan.
面頁冊數:	89 p.
附註:	Source: Dissertation Abstracts International, Volume: 67-10, Section: A, page: 3882.
Contained By:	Dissertation Abstracts International67-10A.
標題:	Economics, Finance. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3236812
ISBN:	9780542912276

Three essays on asymmetric information in real estate markets.
Wiley, Jonathan Alan.

Three essays on asymmetric information in real estate markets. - 89 p.

Source: Dissertation Abstracts International, Volume: 67-10, Section: A, page: 3882.

Thesis (Ph.D.)--The University of Alabama, 2006.

This dissertation contains three essays on asymmetric information in real estate markets.

ISBN: 9780542912276Subjects--Topical Terms:

626650
Economics, Finance.

Three essays on asymmetric information in real estate markets.
LDR:03208nmm 2200325 4500 001 1833447
005 20071009090528.5
008 130610s2006 eng d
020 $a 9780542912276
035 $a (UMI)AAI3236812
035 $a AAI3236812
040 $a UMI $c UMI
100 1 $a Wiley, Jonathan Alan. $3 1922151
245 1 0 $a Three essays on asymmetric information in real estate markets.
300 $a 89 p.
500 $a Source: Dissertation Abstracts International, Volume: 67-10, Section: A, page: 3882.
500 $a Adviser: Leonard V. Zumpano.
502 $a Thesis (Ph.D.)--The University of Alabama, 2006.
520 $a This dissertation contains three essays on asymmetric information in real estate markets.
520 $a The first essay presents a theoretical model of the decision to disclose property condition defects by real estate brokers. The model describes that the potential costs of disclosure are longer time-on-the-market and a reduced selling price, while the benefit is a reduced legal liability of the broker. The comparative static results of the model predict a number of factors that should influence the broker's decision, including market conditions, insurance, commission structures and the legal environment in which the broker operates.
520 $a The second essay examines the topic of agency disclosure based on the results of a recent survey. The findings of this study indicate that there are some problems with the effectiveness of the current practices. In particular, the level of reported agency disclosure is found to vary substantially from one state to the next. In addition, there are particularly vulnerable demographics of the home buying population such as first-time home buyers, Asians, Hispanics and elderly buyers that report disclosure at significantly lower rates than the rest of the population.
520 $a The third essay investigates the impact of institutional investment on the turn-of the-month effect, using a sample of REITs over the period 1980 to 2004, because of a tax law change in 1993 which had a dramatic impact on the level of institutional investment in this security class. This study finds that there is a significant change in the turn-of-the-month effect following the rule change and that the level institutional holdings can account for some of this change. In addition, the findings provide support for two popular explanations for the influence of institutional investment: the 'window dressing' and the 'preferred habitat' hypotheses. However, there is some evidence that institutional investors deliberately avoid trading on the last trading day of the month, when the turn-of-the-month effect is the most pronounced. Overall, these findings suggest that institutional investors do have an impact on the turn-of-the-month effect, but it is unlikely that this seasonality is exclusively the result of institutional investment in the market.
590 $a School code: 0004.
650 4 $a Economics, Finance. $3 626650
650 4 $a Economics, Theory. $3 1017575
650 4 $a Business Administration, Banking. $3 1018458
690 $a 0508
690 $a 0511
690 $a 0770
710 2 0 $a The University of Alabama. $3 1019361
773 0 $t Dissertation Abstracts International $g 67-10A.
790 1 0 $a Zumpano, Leonard V., $e advisor
790 $a 0004
791 $a Ph.D.
792 $a 2006
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3236812