Stanimira Milcheva

University College London

Associate Professor

1-19 Torrington Place

Department of Construction and Project Management

London, London WC1E 7HB

United Kingdom

  • University College London

SCHOLARLY PAPERS

19

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2,408

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4

CROSSREF CITATIONS

4

Scholarly Papers (19)

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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 535 (63,972)

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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 399 (91,112)
Citation 3

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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 384 (95,230)
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 206 (181,491)
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 (215,289)
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 116 (290,985)

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Asset pricing, spatial dependence, spatial spillover risk.

7.

Renter Protection and Institutional Investment in Multifamily Housing

Number of pages: 45 Posted: 27 Nov 2018 Last Revised: 10 Feb 2021
Meagan McCollum and Stanimira Milcheva
University of Tulsa - Collins College of Business and University College London
Downloads 105 (311,756)

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Multifamily rental housing, institutional investors, cap rates.

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 85 (356,765)

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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 74 (386,635)

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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 63 (421,262)

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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 58 (438,688)

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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 (446,036)
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 (468,896)

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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 46 (485,332)

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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 25 (594,404)
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 18 (642,316)

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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 (642,316)

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Distance to headquarter, real estate returns

18.

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

19.

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