Darren K. Hayunga

University of Georgia - Department of Insurance, Legal Studies, Real Estate

Associate Professor

Athens, GA 30602-6254

United States

SCHOLARLY PAPERS

17

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3,240

SSRN CITATIONS
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Top 34,351

in Total Papers Citations

10

CROSSREF CITATIONS

14

Scholarly Papers (17)

1.

Identifying and Treating Outliers in Finance

Financial Management (2019), 48(2), 345-384.
Number of pages: 64 Posted: 16 Jun 2017 Last Revised: 21 Sep 2021
University of Texas at Arlington, University of Georgia - Department of Insurance, Legal Studies, Real Estate, Virginia Polytechnic Institute & State University, National University of Singapore and FUNDP - University of Namur. CRED
Downloads 1,821 (11,430)
Citation 5

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Replication, Research Design, Financial Data, Winzorize, Outliers, Robust Regression

2.

Trading in the Options Market Around the Financial Analysts’ Consensus Revision

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 42 Posted: 18 Jan 2013 Last Revised: 18 Jun 2015
Darren K. Hayunga and Peter P. Lung
University of Georgia - Department of Insurance, Legal Studies, Real Estate and University of Texas at Arlington
Downloads 341 (111,356)
Citation 1

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Options, Financial analysts, Price discovery, Informed trading, Neglected firms

3.

Dividend Behaviour of U.S. Equity REITs

Journal of Property Research, June 2009, pp 105-123
Number of pages: 39 Posted: 06 Mar 2010 Last Revised: 17 Jan 2013
Darren K. Hayunga and Clifford P. Stephens
University of Georgia - Department of Insurance, Legal Studies, Real Estate and Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration
Downloads 158 (233,867)
Citation 2

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REITs, Dividend Behaviour, Dividend Smoothing

4.

Scale and Performance in Active Management are Not Negatively Related

Critical Finance Review, forthcoming
Number of pages: 60 Posted: 13 Dec 2018 Last Revised: 22 Sep 2021
John C. Adams, Darren K. Hayunga and Sattar Mansi
University of Texas at Arlington, University of Georgia - Department of Insurance, Legal Studies, Real Estate and Virginia Polytechnic Institute & State University
Downloads 157 (235,123)

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Replication, Returns to scale, Mutual funds, Active management, Passive management, Data errors, Index funds, Influential observations, Outliers, Diseconomies

5.

The Restating of Financial Statements by REITs

Journal of Accounting, Auditing and Finance, Forthcoming
Number of pages: 41 Posted: 30 Oct 2013 Last Revised: 25 Sep 2015
John C. Adams, Darren K. Hayunga and Stephanie J. Rasmussen
University of Texas at Arlington, University of Georgia - Department of Insurance, Legal Studies, Real Estate and University of Texas at Arlington
Downloads 146 (249,490)
Citation 1

Abstract:

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REITs, financial restatements

6.

Outliers in Finance Research

Number of pages: 55 Posted: 21 Oct 2014 Last Revised: 11 May 2021
John C. Adams, Darren K. Hayunga and Vincenzo Verardi
University of Texas at Arlington, University of Georgia - Department of Insurance, Legal Studies, Real Estate and FUNDP - University of Namur. CRED
Downloads 144 (252,265)
Citation 1

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Outliers; Winsorizing, Trimming, Outlier-robust regression, Good leverage, Bad leverage,Vertical outlier, MM-estimators, L-estimators, S-estimators, Bias, Influence function, Breakdown point

Diseconomies of Scale in the Actively-Managed Mutual Fund Industry: What Do the Outliers in the Data Tell Us?

Critical Finance Review, Forthcoming
Number of pages: 56 Posted: 31 Jul 2018 Last Revised: 19 Dec 2018
John C. Adams, Darren K. Hayunga and Sattar Mansi
University of Texas at Arlington, University of Georgia - Department of Insurance, Legal Studies, Real Estate and Virginia Polytechnic Institute & State University
Downloads 76 (392,684)
Citation 3

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Diseconomies of scale, Mutual fund, liquidity, Influential Observations, Outliers

Diseconomies of Scale in the Actively-Managed Mutual Fund Industry: What Do the Outliers in the Data Tell Us?

Number of pages: 56 Posted: 11 Jun 2018 Last Revised: 28 Aug 2019
John C. Adams, Darren K. Hayunga and Sattar Mansi
University of Texas at Arlington, University of Georgia - Department of Insurance, Legal Studies, Real Estate and Virginia Polytechnic Institute & State University
Downloads 64 (431,901)
Citation 1

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Diseconomies of Scale, Mutual Fund, Liquidity, Influential Observations, Outliers

Explaining Asset Mispricing Using the Resale Option and Inflation Illusion

Number of pages: 50 Posted: 30 Mar 2010
Darren K. Hayunga and Peter P. Lung
University of Georgia - Department of Insurance, Legal Studies, Real Estate and University of Texas at Arlington
Downloads 114 (302,005)

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Asset Mispricing; Heterogeneous Beliefs, Resale Option, Overconfidence Theory, Inflation Illusion, Asset Turnover

Explaining Asset Mispricing Using the Resale Option and Inflation Illusion

Real Estate Economics, Vol. 39, Issue 2, pp. 313-344, 2011
Number of pages: 32 Posted: 26 May 2011
Darren K. Hayunga and Peter P. Lung
University of Georgia - Department of Insurance, Legal Studies, Real Estate and University of Texas at Arlington
Downloads 3 (804,251)
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Explaining Asset Mispricing Using the Resale Option and Inflation Illusion

Real Estate Economics, Forthcoming
Posted: 31 Aug 2010 Last Revised: 30 Dec 2013
Darren K. Hayunga and Peter P. Lung
University of Georgia - Department of Insurance, Legal Studies, Real Estate and University of Texas at Arlington

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Asset Mispricing, Heterogeneous Beliefs, Resale Option, Overconfidence Theory, Inflation Illusion, Money-Illusion, Asset Turnover

9.

Derivatives Traders’ Reaction to Mispricing in the Underlying Equity

Journal of Banking and Finance, Vol. 36, No. 9, 2438–2454, 2012
Number of pages: 17 Posted: 14 Jun 2010 Last Revised: 26 Jul 2012
University of Georgia - Department of Insurance, Legal Studies, Real Estate, City University of New York (CUNY) - Paul H. Chook Department of Information Systems & Statistics, University of Texas at Arlington and University of Colorado at Denver
Downloads 59 (443,749)

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Options pricing, Short-Sale constraints, Heterogeneous beliefs, Stock overpricing

10.

Conservation Status and Residential Transaction Prices: Initial Evidence from Dallas, Texas

Journal of Real Estate Research (JRER), Vol. 30, No. 2, 2008
Number of pages: 24 Posted: 22 Jan 2008 Last Revised: 01 Jul 2013
Georgia State University, E.V. Williams Center for Real Estate, Georgetown University - Robert Emmett McDonough School of Business and University of Georgia - Department of Insurance, Legal Studies, Real Estate
Downloads 47 (490,758)

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conservation district, Dallas, transaction price

11.
Downloads 37 (537,184)

List Prices in the US Housing Market

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 30 Posted: 13 Aug 2016 Last Revised: 21 Jan 2017
Darren K. Hayunga and R. Kelley Pace
University of Georgia - Department of Insurance, Legal Studies, Real Estate and Louisiana State University - E.J. Ourso College of Business Administration
Downloads 37 (549,274)

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List prices, Sellers’ motivations, Sellers’ characteristics, Loss aversion, Urgency, List price reductions

List Prices in the US Housing Market

Journal of Real Estate Finance and Economics, Vol. 55, No. 2, 2017
Posted: 06 Oct 2017
Darren K. Hayunga and R. Kelley Pace
University of Georgia - Department of Insurance, Legal Studies, Real Estate and Louisiana State University - E.J. Ourso College of Business Administration

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List Prices; Sellers' Motivations; Sellers' Characteristics; Loss Aversion; Urgency; List Price Reductions

12.

Revisiting Cash Financing in Residential Transaction Prices

Real Estate Finance, Summer 2016
Number of pages: 15 Posted: 20 Jan 2017
J. Andrew Hansz and Darren K. Hayunga
E.V. Williams Center for Real Estate and University of Georgia - Department of Insurance, Legal Studies, Real Estate
Downloads 27 (593,268)

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Cash financing, Cash discount, Cash premium, Hedonic pricing model, Residential real property

13.

Club Good Influence on Residential Transaction Prices

Journal of Real Estate Research, Vol. 34, No. 34, 2012
Number of pages: 28 Posted: 22 Jan 2013
J. Andrew Hansz and Darren K. Hayunga
E.V. Williams Center for Real Estate and University of Georgia - Department of Insurance, Legal Studies, Real Estate
Downloads 16 (669,604)

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transaction, property right, single-family, condominiums

14.

Index Fund Trading Costs are Inversely Related to Fund and Family Size

Number of pages: 38 Posted: 24 Sep 2021
John C. Adams, Darren K. Hayunga and Sattar Mansi
University of Texas at Arlington, University of Georgia - Department of Insurance, Legal Studies, Real Estate and Virginia Polytechnic Institute & State University
Downloads 15 (677,049)

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Economies of Scale, Index funds, Trading costs

Sales Concessions in the US Housing Market

J Real Estate Finan Econ, DOI 10.1007/s11146-016-9592-x
Number of pages: 56 Posted: 22 Jan 2017
Darren K. Hayunga
University of Georgia - Department of Insurance, Legal Studies, Real Estate
Downloads 15 (701,629)

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Buyers’ incentives, Sellers’ concessions, Sellers’ motivations, Closing costs, Home warranties, Home repairs

Sales Concessions in the US Housing Market

Journal of Real Estate Finance and Economics, Vol. 56, No. 1, 2018
Posted: 08 Feb 2018
Darren K. Hayunga
University of Georgia - Department of Insurance, Legal Studies, Real Estate

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Buyers' Incentives; Sellers' Concessions; Sellers' Motivations; Closing Costs; Home Warranties; Home Repairs

16.

Borrower Risk and Housing Price Appreciation

Journal of Real Estate Finance and Economics, May 2019, Volume 58, Issue 4, pp 544–566
Posted: 27 Jun 2019
Darren K. Hayunga, R. Kelley Pace and Shuang Zhu
University of Georgia - Department of Insurance, Legal Studies, Real Estate, Louisiana State University - E.J. Ourso College of Business Administration and Kansas State University - Department of Finance

Abstract:

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House appreciation; Probability of default

17.

The Impact of TOM on Prices in the US Housing Market

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 10 May 2019
Darren K. Hayunga and R. Kelley Pace
University of Georgia - Department of Insurance, Legal Studies, Real Estate and Louisiana State University - E.J. Ourso College of Business Administration

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Time on the market; Instrumental variables; Omitted variables; Simultaneity; Urgency; Income; Reasons for sale