Jim Clayton

University of Connecticut School of Business

Adjunct Professor of Real Estate

Storrs, CT

Cornerstone Real Estate Advisers

Vice President of Research

One Financial Plaza, Suite 1700

Hartford, CT 06103

United States

  • University of Connecticut School of Business

  • Cornerstone Real Estate Advisers

SCHOLARLY PAPERS

11

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SSRN CITATIONS
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Top 21,882

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20

CROSSREF CITATIONS

25

Scholarly Papers (11)

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1.

Explaining the Discount to NAV in REIT Pricing: Noise or Information?

Number of pages: 44 Posted: 20 Feb 2001
Jim Clayton and Greg H. MacKinnon
University of Connecticut School of Business and Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science
Downloads 2,651 (7,565)
Citation 23

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2.

The Relative Importance of Stock, Bond and Real Estate Factors in Explaining REIT Returns

Downloads 1,882 ( 13,128)
Citation 3

The Relative Importance of Stock, Bond and Real Estate Factors in Explaining REIT Returns

Number of pages: 27 Posted: 15 Jul 2000
Jim Clayton and Greg H. MacKinnon
University of Connecticut School of Business and Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science
Downloads 1,882 (12,894)
Citation 3

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The Relative Importance of Stock, Bond and Real Estate Factors in Explaining REIT Returns

Posted: 11 Dec 2002
Jim Clayton and Greg H. MacKinnon
University of Connecticut School of Business and Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science

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REITs, volatility, variance decomposition, return factors

3.

Commercial Real Estate Valuation: Fundamentals Versus Investor Sentiment

Downloads 1,104 ( 29,376)
Citation 6

Commercial Real Estate Valuation: Fundamentals Versus Investor Sentiment

Number of pages: 43 Posted: 15 May 2008
Jim Clayton, David C. Ling and Andy Naranjo
University of Connecticut School of Business, University of Florida - Warrington College of Business Administration and University of Florida - Warrington College of Business Administration
Downloads 1,104 (28,918)
Citation 6

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Sentiment measures, limits to arbitrage, principal components, error-correction

Commercial Real Estate Valuation: Fundamentals versus Investor Sentiment

Journal of Real Estate Finance and Economics, Vol. 38, No. 1, 2009
Posted: 14 Oct 2008
Jim Clayton, David C. Ling and Andy Naranjo
University of Connecticut School of Business, University of Florida - Warrington College of Business Administration and University of Florida - Warrington College of Business Administration

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investment, capitalization rates, asset pricing, investor rationality

4.

Smoothing in Commercial Property Valuations: Evidence from Individual Appraisals

University of Cincinnati Department of Finance, Sauder School of Business Working Paper
Number of pages: 35 Posted: 18 Sep 2000
Jim Clayton, David M. Geltner and Stanley W. Hamilton
University of Connecticut School of Business, affiliation not provided to SSRN and University of British Columbia (UBC) - Sauder School of Business
Downloads 791 (46,552)
Citation 3

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5.

Measuring and Explaining Changes in REIT Liquidity: Moving Beyond the Bid/Ask Spread

Downloads 605 ( 66,197)
Citation 3

Measuring and Explaining Changes in REIT Liquidity: Moving Beyond the Bid/Ask Spread

Number of pages: 34 Posted: 29 Jun 1998
Jim Clayton and Greg H. MacKinnon
University of Connecticut School of Business and Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science
Downloads 605 (65,402)
Citation 3

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Measuring and Explaining Changes in REIT Liquidity: Moving Beyond the Bid/Ask Spread

Posted: 16 Sep 1999
Jim Clayton and Greg H. MacKinnon
University of Connecticut School of Business and Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science

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6.

Price-Volume Correlation in the Housing Market: Causality and Co-Movements

Downloads 373 (118,024)

Price-Volume Correlation in the Housing Market: Causality and Co-Movements

Number of pages: 49 Posted: 18 Mar 2008
Jim Clayton, Norman G. Miller and Liang Peng
University of Connecticut School of Business, University of San Diego - Real Estate Institute and Smeal College of Business, The Pennsylvania State University
Downloads 373 (117,121)
Citation 11

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housing market, price volume correlation, trading volume

Price-Volume Correlation in the Housing Market: Causality and Co-Movements

Journal of Real Estate Finance and Economics, Vol. 40, No. 1, 2010
Posted: 26 Sep 2009
Jim Clayton, Liang Peng and Norman G. Miller
University of Connecticut School of Business, Smeal College of Business, The Pennsylvania State University and University of San Diego - Real Estate Institute

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housing market, price volume correlation, Granger causality

7.

Mortgage Fund Flows, Capital Appreciation, and Real Estate Cycles

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Mortgage Fund Flows, Capital Appreciation, and Real Estate Cycles

Journal of Real Estate Finance and Economics, Vol. 47, No. 2, 2013
Posted: 21 Aug 2013
Marcel Arsenault, Jim Clayton and Liang Peng
Independent, University of Connecticut School of Business and Smeal College of Business, The Pennsylvania State University

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real estate cycles, commercial real estate, mortgage fund flows, positive feedback loop

8.

Time Variation of Liquidity in the Private Real Estate Market: An Empirical Investigation

Journal of Real Estate Research (JRER), Vol. 30, No. 2, 2008
Number of pages: 36 Posted: 24 Jan 2008 Last Revised: 30 Dec 2008
Jim Clayton, Greg H. MacKinnon and Liang Peng
University of Connecticut School of Business, Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science and Smeal College of Business, The Pennsylvania State University
Downloads 170 (254,644)

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time variation, market liquidity, valuation strategy, optimal valuation

9.

Further Evidence on Real Estate Market Efficiency

Posted: 02 Sep 1998
Jim Clayton
University of Connecticut School of Business

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10.

Rational Expectations, Market Fundamentals and Housing Price Volatility

REAL ESTATE ECONOMICS, Vol. 24 No. 4 Winter 1996
Posted: 20 Dec 1996
Jim Clayton
University of Connecticut School of Business

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11.

Are Housing Price Cycles Driven by Irrational Expectations?

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Are Housing Price Cycles Driven by Irrational Expectations?

J. OF REAL ESTATE FINANCE AND ECONOMICS, Vol. 14 No. 3
Posted: 31 Jan 1997
Jim Clayton
University of Connecticut School of Business

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Are Housing Price Cycles Driven by Irrational Expectations?

Posted: 01 Mar 1996
Jim Clayton
University of Connecticut School of Business

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