Andrey D. Pavlov

Simon Fraser University (SFU) - Finance Area

Burnaby, British Columbia V5A 1S6

Canada

SCHOLARLY PAPERS

35

DOWNLOADS
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Top 2,593

in Total Papers Downloads

11,174

CITATIONS
Rank 4,358

SSRN RANKINGS

Top 4,358

in Total Papers Citations

123

Scholarly Papers (35)

1.

Securitization: Cause or Remedy of the Financial Crisis?

Georgetown Law and Economics Research Paper No. 1462895, U of Penn, Inst for Law & Econ Research Paper No. 09-31
Number of pages: 19 Posted: 28 Aug 2009 Last Revised: 16 May 2012
Adam J. Levitin, Andrey D. Pavlov and Susan M. Wachter
Georgetown University Law Center, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 1,684 (5,956)
Citation 2

Abstract:

securitization, mortgages, subprime, bubble, housing finance, MBS, mortgage-backed securities, credit default swaps, mispricing

2.

Systemic Risk through Securitization: The Result of Deregulation and Regulatory Failure

Connecticut Law Review, Vol. 41, p. 493, May 2009
Number of pages: 49 Posted: 26 Mar 2009 Last Revised: 16 May 2012
Patricia A. McCoy, Andrey D. Pavlov and Susan M. Wachter
Boston College Law School, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 1,490 (7,274)
Citation 3

Abstract:

Securitization, credit default swap, subprime, mortgage, asset bubble

3.

Bank Lending and Real Estate in Asia: Market Optimism and Asset Bubbles

Number of pages: 20 Posted: 04 Dec 2004
Singapore Management University - School of Social Sciences, Singapore Management University, Simon Fraser University (SFU) - Finance Area, Singapore Management University - School of Social Sciences, Singapore Management University - School of Social Sciences and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 866 (20,247)
Citation 8

Abstract:

Real estate bubble, lender optimism, disaster myopia, Asian financial crisis

4.

Subprime Lending and Real Estate Markets

U of Penn, Inst for Law & Econ Research Paper No. 08-35, MORTGAGE AND REAL ESTATE FINANCE, Stefania Perrucci, ed., Risk Books, 2008
Number of pages: 17 Posted: 24 Dec 2008
Susan M. Wachter, Andrey D. Pavlov and Zoltan Pozsar
University of Pennsylvania - Wharton School, Department of Real Estate, Simon Fraser University (SFU) - Finance Area and Credit Suisse
Downloads 805 (20,921)
Citation 20

Abstract:

Real Property, real estate, realty, mortgages, housing prices, credit crunch, foreclosures, financial engineering, lending standards, housing market collapse, underpriced financing, interest only mortgages, negative amortization mortgages, leverage, cyclicality, housing bubble

5.
Downloads 654 ( 31,359)
Citation 12

Subprime Lending and Real Estate Prices

Real Estate Economics, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 09-36
Number of pages: 32 Posted: 19 Oct 2009
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 651 (31,056)
Citation 12

Abstract:

housing, real property, mortgages, house prices, interest only loans, negative amortization, aggressive lending instruments, innovation, financial deregulation, empirical, underpriced credit, asset price inflation, market bubbles

Subprime Lending and Real Estate Prices

Real Estate Economics, Vol. 39, Issue 1, pp. 1-17, 2011
Number of pages: 17 Posted: 14 Mar 2011
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 3 (550,840)
Citation 12

Abstract:

Subprime Lending and Real Estate Prices

Real Estate Economics, Vol. 39, 2010
Posted: 23 Aug 2010 Last Revised: 16 May 2012
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

Subprime Lending, Aggressive Lending, Mortgage Crisis

6.

REITS and Underlying Real Estate Markets: Is There a Link?

U of Penn, Inst for Law & Econ Research Paper No. 11-20
Number of pages: 71 Posted: 07 Jul 2011
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 491 (36,685)
Citation 2

Abstract:

property price index, real estate investment trusts, real estate returns, commercial real estate, property prices, local agglomeration effects, closed-end mutual fund

7.

Spatial Heterogeneity in Mortgage Terminations by Refinance, Sale and Default

Number of pages: 35 Posted: 23 Jul 2003
Yongheng Deng, Andrey D. Pavlov and Lihong Yang
National University of Singapore, Business School and the School of Design and Environment, Simon Fraser University (SFU) - Finance Area and University of Southern California
Downloads 414 (55,514)
Citation 13

Abstract:

duration model, competing risks, space-varying coefficient, martingale residual, mortgage refinance, default, residential mobility

8.

Subprime Lending and House Price Volatility

U of Penn, Inst for Law & Econ Research Paper No. 08-33
Number of pages: 29 Posted: 22 Dec 2008 Last Revised: 16 May 2012
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 391 (58,049)
Citation 6

Abstract:

Real Property, real estate, realty, mortgages, housing prices, aggressive lending, interest only mortgages, negative amortization mortgages, leverage, real estate cycle, housing bubble, price peaks, price declines, negative demand shock

9.

Underpriced Lending and Real Estate Markets

Number of pages: 26 Posted: 15 Apr 2007
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 360 (61,155)
Citation 13

Abstract:

real estate bubble, lender optimism, disaster myopia, Asian financial crisis

10.

The Dodd-Frank Act and Housing Finance: Can It Restore Private Risk Capital to the Securitization Market?

Yale Journal on Regulation, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 11-35, Georgetown Law and Economics Research Paper No. 11-32
Number of pages: 27 Posted: 10 Dec 2011 Last Revised: 15 May 2012
Adam J. Levitin, Andrey D. Pavlov and Susan M. Wachter
Georgetown University Law Center, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 319 (65,096)

Abstract:

Real estate, mortgages, financial regulation, reform, Dodd-Frank Act, mortgage-backed securities, lending models, credit risk information, securitized assets, information shrouding, underpricing, standardization, information asymmetry, risk pricing

11.

Systemic Risk and Market Institutions

Yale Journal on Regulation, Vol. 26, No. 2, 2009, University of Pennsylvania, Institute for Law & Economics Research Paper No. 09-26
Number of pages: 15 Posted: 27 Aug 2009
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 293 (78,993)
Citation 7

Abstract:

Real estate, mortgages, housing, mortgage-backed securities, pricing of risks, default risk, incentive misalignments, underpriced credit, asset price inflation, market bubbles

12.

Explaining the United States' Uniquely Bad Housing Market

Wharton Real Estate Review, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 08-34
Number of pages: 29 Posted: 26 Dec 2008
Jesse M. Abraham, Andrey D. Pavlov and Susan M. Wachter
affiliation not provided to SSRN, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 293 (80,101)
Citation 2

Abstract:

Real Property, real estate, realty, mortgages, housing prices, aggressive lending, credit expansion, lending standards, leverage, real estate cycle, housing bubble, housing market declines

13.

Company Flexibility, the Value of Management and Managerial Compensation

Number of pages: 25 Posted: 06 Aug 2003
Peter Christoffersen and Andrey D. Pavlov
University of Toronto - Rotman School of Management and Simon Fraser University (SFU) - Finance Area
Downloads 286 (85,788)

Abstract:

14.

Financial Risk Theory for a Regulated Insurer

Number of pages: 33 Posted: 05 Jul 2004 Last Revised: 10 Jan 2008
George Blazenko, Andrey D. Pavlov and Gary Parker
Simon Fraser University (SFU) - Finance Area, Simon Fraser University (SFU) - Finance Area and Simon Fraser University (SFU) - Beedie School of Business
Downloads 277 (81,889)
Citation 1

Abstract:

Insurance, Solvency, Economic Ruin, Regulation

15.

The Inevitability of Market-Wide Underpricing of Mortgage Default Risk

Real Estate Economics, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 06-14
Number of pages: 34 Posted: 23 Jun 2006
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 268 (86,132)
Citation 9

Abstract:

mortgage underpricing, mortgage default

16.

The Option Value of Non-Recourse Lending and Inflated Asset Prices

Number of pages: 35 Posted: 13 Mar 2002
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 256 (91,045)
Citation 2

Abstract:

17.

Business Investment and Economic Depreciation

Journal of Accounting, Finance, and Economics 5(1), 2015, 84-100
Number of pages: 30 Posted: 12 Sep 2007 Last Revised: 25 May 2017
George Blazenko, Andrey D. Pavlov and Wing Him Yeung
Simon Fraser University (SFU) - Finance Area, Simon Fraser University (SFU) - Finance Area and Lakehead University
Downloads 226 (104,749)
Citation 2

Abstract:

Depreciation, Corporate Investment, Maintenance, Real Options

18.

Insurer Risk Management and Shareholder Wealth

Number of pages: 42 Posted: 02 Sep 2007 Last Revised: 09 Feb 2008
George Blazenko, Gary Parker and Andrey D. Pavlov
Simon Fraser University (SFU) - Finance Area, Simon Fraser University (SFU) - Beedie School of Business and Simon Fraser University (SFU) - Finance Area
Downloads 221 (108,971)

Abstract:

risk management, insurance, regulation

19.

Underpriced Default Spread Exacerbates Market Crashes

U of Penn, Inst for Law & Econ Research Paper No. 06-13
Number of pages: 34 Posted: 23 Jun 2006
Singapore Management University - School of Social Sciences, Singapore Management University, Simon Fraser University (SFU) - Finance Area, Singapore Management University - School of Social Sciences, Singapore Management University - School of Social Sciences and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 218 (105,195)
Citation 3

Abstract:

real estate bubble, lender optimism, disaster myopia, Asian financial crisis

20.
Downloads 180 (137,757)
Citation 9

Homeownership as a Constraint on Asset Allocation

Number of pages: 42 Posted: 22 Mar 2005
Stephen Day Cauley, Andrey D. Pavlov and Eduardo S. Schwartz
University of California, Los Angeles (UCLA) - Finance Area, Simon Fraser University (SFU) - Finance Area and University of California, Los Angeles (UCLA) - Finance Area
Downloads 180 (137,654)
Citation 9

Abstract:

Asset allocation, housing

Homeownership as a Constraint on Asset Allocation

Journal of Real Estate Finance and Economics, Vol. 34, No. 3, 2007
Posted: 11 Oct 2006
Stephen Day Cauley, Eduardo S. Schwartz and Andrey D. Pavlov
University of California, Los Angeles (UCLA) - Finance Area, University of California, Los Angeles (UCLA) - Finance Area and Simon Fraser University (SFU) - Finance Area

Abstract:

21.

Misaligned Incentives and Mortgage Lending in Asia

U of Penn, Inst for Law & Econ Research Paper No. 08-27
Number of pages: 33 Posted: 22 Oct 2008 Last Revised: 04 Sep 2013
University of Southern California - Lusk Center for Real Estate, Singapore Management University, Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 117 (191,877)
Citation 1

Abstract:

real estate, mortgage securitization, banking, instability, mortgage-backed securities, MBS markets, Asia

22.

The Inevitability of Marketwide Underpricing of Mortgage Default Risk

Real Estate Economics, Vol. 34, No. 4, pp. 479-496, Winter 2006
Number of pages: 18 Posted: 16 Nov 2006
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 11 (488,105)
Citation 8

Abstract:

23.

The Consequences of REIT Index Membership for Return Patterns

Number of pages: 40 Posted: 20 Sep 2016 Last Revised: 04 Oct 2016
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, School of Hotel Administration, Cornell University and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 0 (148,814)

Abstract:

Real Estate, Investment, Index Membership, REITs

24.

Why are Aggressive Mortgage Products Bad for the Housing Market?

Number of pages: 35 Posted: 28 Mar 2016
Andrew Davidson and Co., Inc., Andrew Davidson and Co., Inc., Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 0 (336,784)

Abstract:

25.

REIT Capital Structure Choices: Preparation Matters

Real Estate Economics, Forthcoming
Posted: 06 Feb 2016 Last Revised: 26 Aug 2016
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, School of Hotel Administration, Cornell University and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

Real estate investment; leverage; financial crisis

Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities

Real Estate Economics, Vol. 43, Issue 1, pp. 241-270, 2015
Number of pages: 30 Posted: 17 Feb 2015
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, School of Hotel Administration, Cornell University and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 0

Abstract:

Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities

Real Estate Economics, Forthcoming
Posted: 06 Dec 2013
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, School of Hotel Administration, Cornell University and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

Real estate investment firms, International asset pricing, Macroeconomic risk factors, Credit markets

27.

Investment Timing for Dynamic Business Expansion

Financial Management, Vol. 38, No. 4, pp. 837-860
Posted: 14 Jan 2010 Last Revised: 06 Jul 2015
George Blazenko and Andrey D. Pavlov
Simon Fraser University (SFU) - Finance Area and Simon Fraser University (SFU) - Finance Area

Abstract:

Corporate Performance, Growth, Business Expansion

28.

New Venture Start-Ups and Technological Innovation

International Journal of Managerial Finance, Forthcoming
Posted: 15 Nov 2009 Last Revised: 06 Jul 2015
George Blazenko, Andrey D. Pavlov and Freda Eddy-Sumeke
Simon Fraser University (SFU) - Finance Area, Simon Fraser University (SFU) - Finance Area and Simon Fraser University (SFU) - Finance Area

Abstract:

New Venture Start-ups, Technological Innovation, Entrepreneurship, R&D

29.

Mortgage Put Options and Real Estate Markets

Journal of Real Estate Finance and Economics, Vol. 38, No. 1, 2009
Posted: 20 Oct 2008
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

real estate bubble, mortgage lending put options, Asian financial crisis

30.

Value Maximizing Hurdle Rates for R&D Investment

Economics of Innovation and New Technology, pp. 693-717, 2010
Posted: 18 Apr 2007 Last Revised: 09 May 2013
George Blazenko and Andrey D. Pavlov
Simon Fraser University (SFU) - Finance Area and Simon Fraser University (SFU) - Finance Area

Abstract:

Corporate R&D, hurdle rates, real options

31.

Investment Timing for New Business Ventures

Journal of Entrepreneurial Finance, Forthcoming
Posted: 13 Apr 2006 Last Revised: 06 Jul 2015
George Blazenko and Andrey D. Pavlov
Simon Fraser University (SFU) - Finance Area and Simon Fraser University (SFU) - Finance Area

Abstract:

Corporate Investment, business start, New Ventures

32.

The Neighborhood Effect of Real Estate Maintenance

Journal of Real Estate Finance and Economics, Vol. 30, No. 4
Posted: 13 Oct 2004
Andrey D. Pavlov and George Blazenko
Simon Fraser University (SFU) - Finance Area and Simon Fraser University (SFU) - Finance Area

Abstract:

maintenance, real estate

33.

Robbing the Bank: Non-recourse Lending and Asset Prices

Journal of Real Estate Finance and Economics, Vol. 28, No. 2
Posted: 01 Oct 2003
Andrey D. Pavlov and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

asset pricing, lending markets, price bubbles

34.

Rational Delays: The Case of Real Estate

Journal of Real Estate Finance & Economics, Vol. 24, No. 1 & 2
Posted: 17 May 2002
Stephen Day Cauley and Andrey D. Pavlov
University of California, Los Angeles (UCLA) - Finance Area and Simon Fraser University (SFU) - Finance Area

Abstract:

real estate liquidity, real options, demand shocks, home values

35.

Competing Risks of Mortgage Termination: Who Refinances, Who Moves, and Who Defaults?

The Journal of Real Estate Finance & Economics
Posted: 25 Apr 2002
Andrey D. Pavlov
Simon Fraser University (SFU) - Finance Area

Abstract:

prepayment, refinancing, default, household mobility, mortgage-backed securities