David C. Ling

University of Florida - Hough Graduate School of Business Administration

McGurn Professor of Real Estate

PO Box 117165, 201 Stuzin Hall

Gainesville, FL 32610-0496

United States

SCHOLARLY PAPERS

23

DOWNLOADS
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7,772

TOTAL CITATIONS
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SSRN RANKINGS

Top 10,262

in Total Papers Citations

65

Scholarly Papers (23)

1.

Catering and Return Manipulation in Private Equity

Number of pages: 93 Posted: 18 Oct 2022 Last Revised: 07 Aug 2024
Blake Jackson, David C. Ling and Andy Naranjo
University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Hough Graduate School of Business Administration and University of Florida
Downloads 2,748 (10,371)
Citation 10

Abstract:

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Private Equity, Performance Manipulation

2.

A First Look at the Impact of COVID-19 on Commercial Real Estate Prices: Asset-Level Evidence

Review of Asset Pricing Studies, Forthcoming
Number of pages: 50 Posted: 05 May 2020 Last Revised: 19 Aug 2020
David C. Ling, Chongyu Wang and Tingyu Zhou
University of Florida - Hough Graduate School of Business Administration, Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law and Florida State University
Downloads 1,401 (29,766)
Citation 14

Abstract:

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COVID-19, commercial real estate, stock return, asset location

REIT Leverage and Return Performance: Keep Your Eye on the Target

Number of pages: 45 Posted: 14 Sep 2015 Last Revised: 15 Aug 2016
Emanuela Giacomini, David C. Ling and Andy Naranjo
Department of Economics and Law - University of Macerata, University of Florida - Hough Graduate School of Business Administration and University of Florida - Warrington College of Business Administration
Downloads 456 (131,959)

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REITs, Leverage, Capital structure, Returns, Investment performance, Financial constraints, Distress, Crisis

REIT Leverage and Return Performance: Keep Your Eye on the Target

Number of pages: 45 Posted: 17 Aug 2016
Emanuela Giacomini, David C. Ling and Andy Naranjo
Department of Economics and Law - University of Macerata, University of Florida - Hough Graduate School of Business Administration and University of Florida - Warrington College of Business Administration
Downloads 163 (381,236)
Citation 1

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REITs, Leverage, Capital structure, Returns, Investment performance, Financial constraints, Distress, Crisis

4.

Value Implications of REITing and De-REITing

The Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 41 Posted: 17 Aug 2020
David C. Ling, Sugata Ray, Alan Tidwell and Luqi Xu
University of Florida - Hough Graduate School of Business Administration, University of Alabama - Department of Economics, Finance and Legal Studies, University of Alabama and College of Charleston
Downloads 347 (182,074)

Abstract:

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REITing, de-REITing, REIT-conversion, REITs

The Other (Commercial) Real Estate Boom and Bust: The Effects of Risk Premia and Regulatory Capital Arbitrage

Number of pages: 44 Posted: 29 Sep 2015
John V. Duca and David C. Ling
Oberlin College and University of Florida - Hough Graduate School of Business Administration
Downloads 188 (335,405)

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Asset Pricing, Equity Premiums, Bank Deregulation, Institutional Investors, Alternative Asset Classes, Commercial Real Estate

The Other (Commercial) Real Estate Boom and Bust: The Effects of Risk Premia and Regulatory Capital Arbitrage

FRB of Dallas Working Paper No. 1504
Number of pages: 45 Posted: 17 Aug 2015 Last Revised: 07 Jul 2017
John V. Duca and David C. Ling
Oberlin College and University of Florida - Hough Graduate School of Business Administration
Downloads 130 (460,249)
Citation 7

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Asset pricing, equity premiums, Bank deregulation, Institutional investors, Alternative asset classes, Commercial real estate

Short Sales and Fundamental Value: Explaining the REIT Premium to NAV

Number of pages: 46 Posted: 07 Sep 2009 Last Revised: 24 May 2012
Dirk Brounen, David C. Ling and Melissa Porras Prado
Erasmus University Rotterdam (EUR) - Department of Financial Management, University of Florida - Hough Graduate School of Business Administration and Nova School of Business and Economics
Downloads 302 (209,753)
Citation 1

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REITs, NAV, Short Sales, Short Sale Constraint, Fundamental Value

7.

Institutional Common Ownership and Firm Value: Evidence from Real Estate Investment Trusts

Real Estate Economics
Number of pages: 64 Posted: 19 Apr 2019 Last Revised: 14 May 2020
David C. Ling, Chongyu Wang and Tingyu Zhou
University of Florida - Hough Graduate School of Business Administration, Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law and Florida State University
Downloads 282 (227,056)
Citation 1

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common ownership, firm value, monitoring, asset allocation, REITs

8.

How Do Institutional Investors React to Geographically Dispersed Information Shocks? A Test Using the COVID-19 Pandemic

Real Estate Economics, Forthcoming
Number of pages: 47 Posted: 28 Mar 2021 Last Revised: 03 May 2023
David C. Ling, Chongyu Wang and Tingyu Zhou
University of Florida - Hough Graduate School of Business Administration, Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law and Florida State University
Downloads 235 (272,553)

Abstract:

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Institutional investors, Information salience, COVID-19, Commercial real estate, Asset location, Crisis

9.

Climate Change and Commercial Property Markets

Number of pages: 52 Posted: 19 Apr 2023 Last Revised: 18 Jan 2024
University of Florida - Hough Graduate School of Business Administration, Central Michigan University - College of Business Administration, University of Arizona and Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law
Downloads 226 (282,995)
Citation 1

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Climate risk, Commercial real estate, Media attention, Retail investors, Sentiment channel

10.

Asset Productivity, Local information Diffusion, and Commercial Real Estate Returns

Real Estate Economics
Number of pages: 53 Posted: 09 Jul 2020 Last Revised: 06 Apr 2022
David C. Ling, Chongyu Wang and Tingyu Zhou
University of Florida - Hough Graduate School of Business Administration, Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law and Florida State University
Downloads 193 (328,276)
Citation 15

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Commercial real estate returns, Local information diffusion, Return predictability, REITs

11.

Why Do REITs Go Private? Differences in Target Characteristics, Acquirer Motivations, and Wealth Effects in Public and Private Acquisitions

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 42 Posted: 18 May 2011
Milena Petrova and David C. Ling
Syracuse University - Whitman School of Management and University of Florida - Hough Graduate School of Business Administration
Downloads 188 (336,304)
Citation 2

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Mergers, Privatization, Corporate Control, Real Estate Investment Trusts

12.

How Do Personal Real Estate Transactions Affect Productivity and Risk Taking? Evidence From Professional Asset Managers

Number of pages: 42 Posted: 19 Mar 2018
David C. Ling, Yan Lu and Sugata Ray
University of Florida - Hough Graduate School of Business Administration, University of Central Florida - College of Business Administration and University of Alabama - Department of Economics, Finance and Legal Studies
Downloads 169 (369,809)
Citation 5

Abstract:

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Asset Managers, Personal Real Estate

13.

The Geography of Real Property Information and Investment: Firm Location, Asset Location, and Institutional Ownership

Real Estate Economics
Number of pages: 65 Posted: 18 Apr 2018 Last Revised: 14 May 2020
David C. Ling, Chongyu Wang and Tingyu Zhou
University of Florida - Hough Graduate School of Business Administration, Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law and Florida State University
Downloads 128 (464,200)
Citation 8

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Geographic Footprint, Information Asymmetry, Local Overweighting, Real Estate Returns

14.

The Need for Speed: Internet Infrastructure Location and Real Asset Values

Number of pages: 53 Posted: 29 Sep 2022 Last Revised: 05 Jun 2024
David C. Ling, Andy Naranjo and Benjamin Scheick
University of Florida - Hough Graduate School of Business Administration, University of Florida and Villanova University - Department of Finance
Downloads 126 (469,954)

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JEL Classification: D23, D24, O18, O33 Real Asset Pricing, Internet Infrastructure, Location, Agglomeration Effects, KTI Firms, CRE Valuation, Rents

15.

MSA Geographic Allocations, Property Selection, and Performance Attribution in Public and Private Real Estate Markets

Number of pages: 43 Posted: 16 Sep 2015
David C. Ling, Andy Naranjo and Benjamin Scheick
University of Florida - Hough Graduate School of Business Administration, University of Florida - Warrington College of Business Administration and Villanova University - Department of Finance
Downloads 125 (472,865)

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real estate investment trusts, private commercial real estate, return performance, portfolio allocation and selection

16.

Homeownership and Taxes: How the TCJA Altered the Tax Code’s Treatment of Housing

Number of pages: 42 Posted: 19 Apr 2021 Last Revised: 22 Oct 2021
Pennsylvania State University - Department of Insurance & Real Estate, affiliation not provided to SSRN, University of Florida - Hough Graduate School of Business Administration and University of Florida - Fisher School of Accounting
Downloads 124 (475,870)

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tax policy; homeownership; mortgage interest deduction; net implicit rental income

17.

Granular Risks and Stock Returns: Evidence From Commercial Real Estate

Number of pages: 51 Posted: 10 Jul 2023 Last Revised: 09 Jul 2024
David C. Ling, Chongyu Wang and Tingyu Zhou
University of Florida - Hough Graduate School of Business Administration, Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law and Florida State University
Downloads 123 (478,899)

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Commercial real estate (CRE) returns, granular property shocks, granular instrumental variable, REITs, gateway markets JEL classification: G11, G12, D82, R11 Commercial real estate (CRE) returns, granular property shocks, granular instrumental variable, REITs, gateway markets JEL classification: G11, G12, D82, R11

18.

Corporate Real Estate Usage and Firm Valuation

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 38 Posted: 18 Oct 2021 Last Revised: 04 Apr 2023
Qing Li, David C. Ling and Qie Ellie Yin
University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Hough Graduate School of Business Administration and Hong Kong Baptist University
Downloads 118 (494,273)

Abstract:

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Corporate real estate, real estate usage, firm value, profitability

19.

Search Costs, Behavioral Biases and Information Intermediary Effects

Journal of Real Estate Finance and Economics, Vol. 57, No. 1, 2018
Posted: 24 Aug 2018
David C. Ling, Andy Naranjo and Milena Petrova
University of Florida - Hough Graduate School of Business Administration, University of Florida and Syracuse University - Whitman School of Management

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20.

Leverage and Returns: A Cross-Country Analysis of Public Real Estate Markets

Journal of Real Estate Finance and Economics, Vol. 51, No. 2, 2015
Posted: 26 Aug 2015
Andy Naranjo, David C. Ling and Emanuela Giacomini
University of Florida - Warrington College of Business Administration, University of Florida - Hough Graduate School of Business Administration and Department of Economics and Law - University of Macerata

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Asset returns; Leverage; REITs; Cross-country real estate returns; Financial constraints; Crisis

21.

Returns and Information Transmission Dynamics in Public and Private Real Estate Markets

Real Estate Economics, Forthcoming
Posted: 07 Feb 2014
David C. Ling and Andy Naranjo
University of Florida - Hough Graduate School of Business Administration and University of Florida - Warrington College of Business Administration

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real estate investment trusts, private commercial real estate, return performance, return volatility, information transmission

22.

Investor Sentiment, Limits to Arbitrage, and Private Market Returns

Real Estate Economics, Forthcoming
Posted: 04 Jan 2013
David C. Ling, Andy Naranjo and Benjamin Scheick
University of Florida - Hough Graduate School of Business Administration, University of Florida - Warrington College of Business Administration and Villanova University - Department of Finance

Abstract:

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investor sentiment, arbitrage, private markets

23.

Investor Sentiment and Asset Pricing in Public and Private Markets

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
David C. Ling, Andy Naranjo and Benjamin Scheick
University of Florida - Hough Graduate School of Business Administration, University of Florida - Warrington College of Business Administration and Villanova University - Department of Finance

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