Jiro Yoshida

Pennsylvania State University - Smeal College of Business

Associate Professor of Business

368 Business Building

Smeal College of Business

University Park, PA 16802

United States

http://www.personal.psu.edu/juy18

The University of Tokyo - Graduate School of Economics

Specially Appointed Associate Professor

7-3-1 Hongo

Bunkyo-ku, Tokyo 113-0033

Japan

  • Pennsylvania State University - Smeal College of Business

    • Email
    • Tel: 814-865-0392
    • Fax: 814-865-6284

  • The University of Tokyo - Graduate School of Economics

    • Email
    • Tel: 813-5841-5653
    • Fax: 813-5841-5521
SCHOLARLY PAPERS

17

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19

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19

Scholarly Papers (17)

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1.

Cash to Spend: IPO Wealth and House Prices

Number of pages: 45 Posted: 16 Feb 2019 Last Revised: 18 Oct 2019
Barney Hartman-Glaser, Mark Thibodeau and Jiro Yoshida
University of California, Los Angeles (UCLA) - Anderson School of Management, Florida International University (FIU) - Hollo School of Real Estate and Pennsylvania State University - Smeal College of Business
Downloads 582 (47,682)

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Initial Public Offerings, Housing Value, Hedonic Regression, Wealth Effects, Liquidity Constraints, Executive Compensation

2.

Housing Rents and Inflation Rates

Number of pages: 46 Posted: 31 May 2016 Last Revised: 14 Jan 2019
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University, Pennsylvania State University, College of the Liberal Arts - Department of Economic and Pennsylvania State University - Smeal College of Business
Downloads 339 (91,686)
Citation 1

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measurement error, economic statistics, owners' equivalent rent, Consumer Price Index, Personal Consumption Expenditures, National Income and Product Accounts

3.

The Effects of Multiple Green Factors on Condominium Prices

Journal of Real Estate Finance and Economics, Vol. 50, No. 3, 2015
Number of pages: 30 Posted: 10 Jul 2010 Last Revised: 26 Jan 2016
Jiro Yoshida and Ayako Sugiura
Pennsylvania State University - Smeal College of Business and Tokyo Association of Real Estate Appraisers
Downloads 230 (138,162)
Citation 6

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sustainability, green building, hedonic pricing, property price, residential real estate, Japan

4.

Credit Rationing, Income Exaggeration, and Adverse Selection in the Mortgage Market

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 21 Dec 2014 Last Revised: 19 Dec 2015
Brent W. Ambrose, James Conklin and Jiro Yoshida
Pennsylvania State University, University of Georgia and Pennsylvania State University - Smeal College of Business
Downloads 225 (141,115)
Citation 13

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Subprime Mortgages, Default, Adverse Selection, Moral Hazard, Reputation, Dodd-Frank Act, Credit Rationing

5.

Technology Shocks and Asset Price Dynamics: The Role of Housing in General Equilibrium

Number of pages: 63 Posted: 13 Dec 2007 Last Revised: 12 Sep 2015
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 188 (166,907)
Citation 3

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General equilibrium, asset pricing, housing, portfolio choice, the equity premium puzzle

6.

Product Market Competition and Corporate Real Estate Investment under Demand Uncertainty

Downloads 185 (169,399)
Citation 4

Product Market Competition and Corporate Real Estate Investment under Demand Uncertainty

Real Estate Economics, Forthcoming
Number of pages: 75 Posted: 12 Jun 2014 Last Revised: 03 Dec 2015
Brent W. Ambrose, Moussa Diop and Jiro Yoshida
Pennsylvania State University, University of Southern California and Pennsylvania State University - Smeal College of Business
Downloads 185 (169,337)

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strategic investment, entry deterrence, real options, flexibility, firm risk

Product Market Competition and Corporate Real Estate Investment Under Demand Uncertainty

Real Estate Economics, Vol. 45, Issue 3, pp. 521-590, 2017
Number of pages: 70 Posted: 03 Aug 2017
Brent W. Ambrose, Moussa Diop and Jiro Yoshida
Pennsylvania State University, University of Southern California and Pennsylvania State University - Smeal College of Business
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Citation 1
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7.

Structure Depreciation and the Production of Real Estate Services

Number of pages: 51 Posted: 21 Feb 2016 Last Revised: 30 Mar 2016
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 175 (178,060)

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capital consumption, returns to scale, elasticity of substitution, housing, commercial real estate, hedonic analysis, survivorship bias, demolition, Japan, USA

8.

The Repeat Rent Index

Review of Economics and Statistics, Forthcoming
Number of pages: 40 Posted: 17 Feb 2013 Last Revised: 13 Sep 2015
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University, Pennsylvania State University, College of the Liberal Arts - Department of Economic and Pennsylvania State University - Smeal College of Business
Downloads 162 (190,186)
Citation 6

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Residential Leases, Repeat Sales Index, Housing

9.

Energy Efficiency and Green Building Markets in Japan

in Coulson, Lipscomb and Wang (Eds.), Energy Efficiency and the Future of Real Estate (2016)
Number of pages: 24 Posted: 27 Sep 2016 Last Revised: 03 May 2018
Jiro Yoshida, Junichiro Onishi and Chihiro Shimizu
Pennsylvania State University - Smeal College of Business, Xymax Real Estate Institute Corporation and Nihon University
Downloads 146 (207,630)

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sustainability, green buildings, branding, hedonic pricing, office rents, Japan

10.

Return of the Bond-Price Support Regime: Bank of Japan’s Dual Bond-Purchase Program

Number of pages: 37 Posted: 17 Jun 2019
Takahiro Hattori and Jiro Yoshida
Ministry of Finance - Japan and Pennsylvania State University - Smeal College of Business
Downloads 109 (260,850)

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Large Scale Asset Purchases (LSAP), Quantitative Easing (QE), central banking, JGB, bond-price support, high-frequency data, swap spread

11.

Why Do Team Projects Progress Slowly? A Model Based on Strategic Uncertainty

Number of pages: 16 Posted: 21 Jan 2013 Last Revised: 02 Sep 2015
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 83 (309,738)
Citation 2

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Flexibility, non-cooperative games, strategic complementarity, real options, coordination failure

12.

The Rent Term Premium for Cancellable Leases

Journal of Real Estate Finance and Economics, Vol. 52, No. 4, 2016
Number of pages: 47 Posted: 18 Mar 2012 Last Revised: 22 Apr 2016
Jiro Yoshida, Miki Seko and Kazuto Sumita
Pennsylvania State University - Smeal College of Business, Keio University - Faculty of Economics and Kanazawa Seiryo University
Downloads 81 (314,262)
Citation 1

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leasing, housing, asset pricing, cancellation options, term structure, expectations hypothesis, transaction costs, hedonic regression, Japan

13.

Stock Prices, Regional Housing Prices, and Aggregate Technology Shocks

Number of pages: 51 Posted: 02 Sep 2015
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 65 (355,307)

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macroeconomic shocks, total factor productivity, general equilibrium, regional heterogeneity, house price, housing supply elasticity, asset allocation

14.

Reassessing Taylor Rules Using Improved Housing Rent Data

Journal of Macroeconomics 56, 243-257, June 2018
Number of pages: 30 Posted: 26 Sep 2015 Last Revised: 05 May 2018
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University, Pennsylvania State University, College of the Liberal Arts - Department of Economic and Pennsylvania State University - Smeal College of Business
Downloads 63 (361,069)
Citation 1

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monetary policy, federal funds rate, Taylor rule, Personal Consumption Expenditures, inflation measures, housing rent

15.

The Economic Depreciation of Real Estate: Cross-Sectional Variations and Their Return Implications

Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 53 Posted: 26 Jan 2018 Last Revised: 25 Oct 2019
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 43 (428,357)

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depreciation, capital consumption, housing, commercial real estate, Japan, USA

16.

Rational Predictability of Real Estate Prices

Number of pages: 21 Posted: 02 Jan 2016
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 26 (506,065)

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asset price, bubble, serial correlation, rational expectation, efficient market, real estate derivatives

17.

Bequest Motives, Inheritance Tax, and Housing Choice: A Problem of Inefficient Empty Nests

Number of pages: 52 Posted: 17 Dec 2019
Miki Seko, Kazuto Sumita and Jiro Yoshida
Keio University - Faculty of Economics, affiliation not provided to SSRN and Pennsylvania State University - Smeal College of Business
Downloads 21 (535,213)

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underutilized housing stock, tax distortions, mobility, renovation, aging society, IV probit model, Japan