Stanimira Milcheva

University College London

Professor

1-19 Torrington Place

Bartlett School of Sustainable Construction

London, London WC1E 7HB

United Kingdom

http://www.stanimilcheva.com

  • University College London

SCHOLARLY PAPERS

20

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in Total Papers Downloads

2,533

SSRN CITATIONS

5

CROSSREF CITATIONS

4

Scholarly Papers (20)

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1.

Cross-Border Capital Flows into Real Estate

Number of pages: 41 Posted: 10 Nov 2013 Last Revised: 17 Apr 2014
Franz Fuerst, Stanimira Milcheva and Andrew Baum
University of Cambridge - Department of Land Economy, University College London and University of Oxford, Said Business School
Downloads 542 (64,657)

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Real Estate Investment, Cross-border flows, Panel data analysis

2.

Volatility and the Cross-Section of Real Estate Equity Returns during COVID-19

Number of pages: 36 Posted: 13 May 2020 Last Revised: 16 Apr 2021
Stanimira Milcheva
University College London
Downloads 424 (87,151)
Citation 5

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Low-risk effect, coronavirus, COVID-19 risk factor, pandemic, financial constraints, behavioral effects, factor model, cross-section of returns, commercial real estate, REITs, systemic risk, idiosyncratic volatility

3.

Performance Drivers in Private Infrastructure Funds

Number of pages: 47 Posted: 14 Feb 2019 Last Revised: 09 Feb 2021
Martin Haran, Daniel Lo and Stanimira Milcheva
Ulster University, Ulster University and University College London
Downloads 412 (90,096)
Citation 1

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Private infrastructure funds, performance, persistence, internal rate of return, public market equivalent.

4.

Proximity to COVID-19 Cases and Real Estate Equity Returns

Number of pages: 46 Posted: 02 Jul 2020 Last Revised: 29 Oct 2020
Lingshan Xie and Stanimira Milcheva
University College London and University College London
Downloads 237 (163,441)
Citation 3

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COVID-19, listed real estate firms, stock return, neighborhood risk, asset location, spatial analysis

5.

Is Financial Regulation Good or Bad for Real Estate Companies? – An Event Study

Swiss Finance Institute Research Paper No. 16-20
Number of pages: 45 Posted: 09 Mar 2016 Last Revised: 30 Aug 2017
Martin Hoesli, Stanimira Milcheva and Alex Moss
University of Geneva - Geneva School of Economics and Management (GSEM), University College London and University of Reading - Henley Business School
Downloads 170 (220,403)
Citation 1

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Financial market regulation, Basel III, AIFMD, EMIR, event study, listed property companies, CAPM

6.

Spatial Dependence in Asset Pricing

Number of pages: 31 Posted: 30 Sep 2016 Last Revised: 13 May 2020
Stanimira Milcheva and Bing Zhu
University College London and University of Reading - Henley Business School
Downloads 120 (290,645)

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Asset pricing, spatial dependence, spatial spillover risk.

7.

How `Bad' is Renter Protection for Institutional Investment in Multifamily Housing?

Number of pages: 52 Posted: 27 Nov 2018 Last Revised: 18 Oct 2021
Meagan McCollum and Stanimira Milcheva
University of Tulsa - Collins College of Business and University College London
Downloads 109 (310,920)

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Multifamily rental housing, cap rates, volatility risk, NOI, renter protection.

8.

Asset Pricing, Spatial Linkages and Contagion in Real Estate Stocks

Number of pages: 42 Posted: 30 Sep 2016 Last Revised: 31 Aug 2017
Stanimira Milcheva and Bing Zhu
University College London and University of Reading - Henley Business School
Downloads 86 (362,240)

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Spatial CAPM, Systemic Risk, Idiosyncratic Risk, Contagion, Spillovers, Listed Property Returns, Economic Integration

9.

Preferences of Institutional Investors in Commercial Real Estate

Number of pages: 57 Posted: 31 Dec 2019 Last Revised: 09 Feb 2021
Dragana Cvijanovic, Stanimira Milcheva and Alex Van de Minne
Cornell SC Johnson College of Business, University College London and University of Connecticut - Department of Finance
Downloads 83 (370,144)

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hazard model, frailty, segmentation

10.

Conform or Resist? Spatio-Temporal Spillover Effects of Surrounding Apartment Transactions in a Boom and a Recession

Number of pages: 31 Posted: 30 Sep 2016
Dongwoo Hyun and Stanimira Milcheva
University of Reading - Henley Business School and University College London
Downloads 65 (424,039)

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Hedonic House Price Model, Spatio-Temporal Autoregressive Model, Spatial Spillover Effects, Transaction Apartment Data, Boom and Recession

11.

Does Investor Size Matter? Evidence from Commercial Real Estate Transactions

Number of pages: 45 Posted: 24 Oct 2019 Last Revised: 09 Feb 2021
Dragana Cvijanovic, Stanimira Milcheva and Alex Van de Minne
Cornell SC Johnson College of Business, University College London and University of Connecticut - Department of Finance
Downloads 61 (437,792)

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Investor size; Bayesian estimation, price and holding period, market segmentation, bargaining intensity.

12.

Spatio-Temporal Effects of an Urban Development Announcement and Its Cancellation on House Prices – A Quasi-Natural Experiment

Number of pages: 34 Posted: 11 Sep 2017
Dongwoo Hyun and Stanimira Milcheva
University of Reading - Henley Business School and University College London
Downloads 56 (456,027)
Citation 1

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Announcement effect, spatial spillover, spatio-temporal autoregressive model, difference-in-differences, apartment transaction prices.

13.

The Pricing of Spatial Linkages in Companies’ Underlying Assets

Number of pages: 51 Posted: 24 Feb 2017
Bing Zhu and Stanimira Milcheva
University of Cambridge - Faculty of Economics and University College London
Downloads 50 (479,536)

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Asset pricing, Factor Models, Spatial Weights, Properties, Distance, Hedging Strategies

14.

Bank Liquidity Management through the Issuance of Bonds in the Aftermath of the Global Financial Crisis

Number of pages: 34 Posted: 19 Jul 2017 Last Revised: 05 Dec 2018
Stanimira Milcheva, Holger Markmann and Heidi Falkenbach
University College London, EBS Universität für Wirtschaft und Recht and Aalto University
Downloads 47 (492,078)

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Bank Funding, Capital Structure, Long-Term Wholesale Funding, Covered Bonds, MBS, Senior Unsecured Bonds

15.

Market Integration, Country Institutions and IPO Underpricing

Number of pages: 42 Posted: 13 Dec 2018
Gianluca Marcato, Stanimira Milcheva and Cheng Zheng
Henley Business School - University of Reading, University College London and Independent
Downloads 26 (601,163)
Citation 1

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Financial Market Integration, IPO Underpricing, Country Institutions, Hierarchical Linear Modelling, Foreign IPOs

16.

The Price–Time-on-Market Puzzle Revisited: Evidence from Big Data

Number of pages: 30 Posted: 04 May 2021 Last Revised: 20 Jul 2021
Yunlong Huang and Stanimira Milcheva
University College London and University College London
Downloads 24 (614,575)

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Time on market, TOM, house price, 2SLS, chain-free, big data.

17.

Distance to Headquarter and Real Estate Equity Performance

Forthcoming, Journal of Real Estate Finance and Economics
Number of pages: 37 Posted: 08 Jun 2020
Stanimira Milcheva, Yildiray Yildirim and Bing Zhu
University College London, Zicklin School of Business, Baruch College - The City University of New York and University of Reading - Henley Business School
Downloads 18 (656,813)

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Distance to headquarter, real estate returns

18.

Impact of Institutional Investors on Real Estate Risk

Number of pages: 32 Posted: 18 Oct 2021
Dragana Cvijanovic, Stanimira Milcheva and Alex Van de Minne
Cornell SC Johnson College of Business, University College London and University of Connecticut - Department of Finance
Downloads 3 (772,620)

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Stochastic Volatility, Institutional Ownership, Investor Size, Real Estate Asset Volatility, Bayesian Estimation, Repeat Sales Model

19.

The Housing Market Channel of Monetary Policy Transmission in the Euro Area

Journal of European Real Estate Research, Vol. 9 (1), 76-97, 2016
Posted: 16 Sep 2020
Stanimira Milcheva and Steffen P. Sebastian
University College London and University of Regensburg - International Real Estate Business School (IREBS)

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consumption; housing markets; mortgage markets; residential investment

20.

Urban Economic Openness and IPO Underpricing

Journal of Real Estate Finance and Economics, Vol. 56, No. 3, 2018
Posted: 14 Mar 2018
Gianluca Marcato, Stanimira Milcheva and Cheng Zheng
Henley Business School - University of Reading, University College London and Independent

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Ipo Underpricing; Urban Economic Openness; Real Estate; China