Erasmo Giambona

Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate

Professor of Finance, Michael J. Falcone Chair in Real Estate

721 University Avenue

RM 640

Syracuse, NY 13244-2450

United States

SCHOLARLY PAPERS

35

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Top 2,620

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17,173

SSRN CITATIONS
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Top 4,543

in Total Papers Citations

163

CROSSREF CITATIONS

140

Scholarly Papers (35)

1.

Managing Risk Management

AFA 2012 Chicago Meetings Paper
Number of pages: 57 Posted: 18 Mar 2011 Last Revised: 20 Dec 2013
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and University of Pennsylvania - Finance Department
Downloads 2,933 (5,297)
Citation 17

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Corporate risk management, Global survey

2.

A View Inside Corporate Risk Management

Duke I&E Research Paper No. 16-6
Number of pages: 34 Posted: 20 May 2014 Last Revised: 16 Nov 2016
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 2,441 (7,116)
Citation 9

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Risk Management, Hedging, Managerial Risk Aversion, Behavioral Finance, Manager fixed-effects, Interest rate risk, Credit risk, Commodity risk, Foreign exchange risk

Liquidity Management and Corporate Investment During a Financial Crisis

Number of pages: 48 Posted: 07 Aug 2009 Last Revised: 21 Nov 2010
Cornell University - Samuel Curtis Johnson Graduate School of Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 2,069 (9,104)
Citation 56

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Financial crisis, liquidity management, investment spending, credit lines, drawdown activity, cash savings

Liquidity Management and Corporate Investment During a Financial Crisis

NBER Working Paper No. w16309
Number of pages: 45 Posted: 30 Aug 2010 Last Revised: 30 Aug 2021
Cornell University - Samuel Curtis Johnson Graduate School of Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 103 (324,896)
Citation 1

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4.

Hedge Fund Activism and Long-Term Firm Value

Number of pages: 66 Posted: 19 Nov 2015 Last Revised: 29 May 2020
Martijn Cremers, Erasmo Giambona, Simone M. Sepe and Ye Wang
University of Notre Dame, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Arizona - James E. Rogers College of Law and School of Banking and Finance, University of International Business and Economics
Downloads 1,660 (13,273)
Citation 15

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Hedge fund activism, corporate governance, long-term firm value, selection effect, matched sample, limited commitment, stakeholder relationships

5.

Real Assets and Capital Structure

Number of pages: 51 Posted: 02 Mar 2010 Last Revised: 10 Sep 2013
Murillo Campello and Erasmo Giambona
Cornell University - Samuel Curtis Johnson Graduate School of Management and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate
Downloads 1,001 (28,403)
Citation 12

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Asset tangibility, capital structure, credit frictions, instrumental variables, asset demand

6.

A Guide to Corporate Risk Management

Number of pages: 35 Posted: 13 Aug 2014
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 1,000 (28,442)
Citation 1

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Risk Management, Hedging, Managerial Risk Aversion, Behavioral Finance, Manager fixed-effects, Interest rate risk, Credit risk, Commodity risk, Foreign exchange risk.

7.

The Theory and Practice of Corporate Risk Management: Evidence from the Field

Number of pages: 56 Posted: 22 Mar 2018 Last Revised: 03 Aug 2018
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
Downloads 923 (31,939)
Citation 10

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Corporate risk management, Expected cash flows, Risk aversion, Agency theory, Credit rationing, Information uncertainty, Financial distress, Dodd-Frank, Regulations, Operational/financial hedging methods

8.
Downloads 736 ( 43,513)
Citation 5

The Management of Political Risk

Duke I&E Research Paper No. 2016-32
Number of pages: 21 Posted: 29 Jun 2016 Last Revised: 12 Jul 2016
Erasmo Giambona, John R. Graham and Campbell R. Harvey
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 736 (42,913)

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Political risk, Risk management, Hedging, Real options, Cost of capital, Derivatives, Investment, Foreign direct investment, Risk aversion, Behavioral theory, Agency theory, Economic growth, FDI, ISDA, GARP

The Management of Political Risk

Journal of International Business Studies, Vol. 48, Issue 4, 2017
Number of pages: 11 Posted: 24 Apr 2018
Erasmo Giambona and Campbell Harvey
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and affiliation not provided to SSRN
Downloads 0
Citation 3
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political risk, risk management, hedging, real options, cost of capital, derivatives, investment, foreign direct investment, risk aversion, behavioral theory, agency theory, economic growth, FDI, ISDA, GARP, survey method, probit model

9.

Access to Liquidity and Corporate Investment in Europe During the Financial Crisis

Number of pages: 38 Posted: 25 Nov 2010 Last Revised: 23 Aug 2011
Cornell University - Samuel Curtis Johnson Graduate School of Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University and Duke University - Fuqua School of Business
Downloads 485 (74,145)
Citation 18

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Financial Crisis, Investment Spending, Lines of Credit

10.

Real Assets and the Limits of Debt Capacity: Theory and Evidence

Number of pages: 42 Posted: 13 Apr 2012 Last Revised: 25 Feb 2016
Erasmo Giambona, Antonio S. Mello and Timothy J. Riddiough
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Wisconsin - Madison - Department of Finance, Investment and Banking and University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics
Downloads 421 (87,776)
Citation 5

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Real Assets, Collateral, Limits of Debt Capacity, Fannie Mae-Freddie Mac, Apartment, Russian Crisis

Explaining the Variation in Reit Capital Structure: The Role of Asset Liquidation Value

Number of pages: 36 Posted: 23 Aug 2006
Erasmo Giambona, John P. Harding and C. F. Sirmans
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 390 (95,053)
Citation 1

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Asset Liquidation Value Hypothesis, Capital Structure, Debt Maturity, Leverage, Lease Structure, REITs

Explaining the Variation in Reit Capital Structure: The Role of Asset Liquidation Value

Real Estate Economics, Vol. 36, No. 1, pp. 111-137, Spring 2008
Number of pages: 27 Posted: 02 Feb 2008
Erasmo Giambona, John P. Harding and C. F. Sirmans
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 28 (604,175)
Citation 1
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12.

The Price of Obscenity in Housing Markets: Evidence from Closing Prostitution Windows

Number of pages: 65 Posted: 29 Jun 2017 Last Revised: 21 Oct 2021
Erasmo Giambona and Rafael P. Ribas
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and Boise State University - College of Business & Economics
Downloads 376 (99,973)
Citation 3

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Prostitution, Disamenity, Housing Prices, Spatial Regression Discontinuity, Social Discount

13.

Hedge Fund Activists: Value Creators or Good Stock Pickers?

Number of pages: 58 Posted: 23 Jun 2020 Last Revised: 22 Jan 2021
Martijn Cremers, Erasmo Giambona, Simone M. Sepe and Ye Wang
University of Notre Dame, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Arizona - James E. Rogers College of Law and School of Banking and Finance, University of International Business and Economics
Downloads 337 (113,009)
Citation 2

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hedge funds, stock pickers, timing skills

14.

Incentive Fees and Mutual Fund Volatility Timing

Number of pages: 46 Posted: 13 Oct 2005 Last Revised: 05 Aug 2008
Erasmo Giambona and Joseph H. Golec
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and University of Connecticut - Department of Finance
Downloads 330 (115,637)
Citation 3

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mutual fund, volatility timing, incentive fee

15.

Do Firms Purposefully Change Capital Structure?: Evidence from a Growth Shock to Pharmaceutical Firms

Number of pages: 54 Posted: 16 Oct 2012 Last Revised: 21 Apr 2018
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance and SKEMA Business School
Downloads 324 (118,014)
Citation 3

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Growth prospects, growth opportunities, unsecured debt, short-term debt, debt maturity, convertible debt, leverage, debt composition, debt structure

16.

The Post-Merger Underperformance Anomaly: Evidence from Reits

Number of pages: 21 Posted: 17 Jul 2006
Erasmo Giambona, Robert D. Campbell and C. F. Sirmans
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Hofstra University and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 314 (122,017)

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Real Estate Investment Trusts (REITs), Mergers, Buy-and-Hold Abnormal Returns (BHARs), Post-Merger Performance

17.

Stiffing the Creditor: The Effect of Asset Verifiability on Bankruptcy

Number of pages: 87 Posted: 07 Feb 2017 Last Revised: 10 May 2019
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, SKEMA Business School and SKEMA Business School - Université Côte d'Azur
Downloads 229 (168,044)

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Asset Verifiability, Bankruptcy, Chapter 11, Distress, Coordination, Creditor Protection

18.

Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005

Number of pages: 80 Posted: 01 Nov 2017 Last Revised: 11 Sep 2019
Erasmo Giambona and Ye Wang
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and School of Banking and Finance, University of International Business and Economics
Downloads 183 (206,629)
Citation 1

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supply-side frictions, safe harbor reform, fuel hedging, airlines, firm value, executive compensation

19.

The Role of Managerial Stock Option Programs in Governance: Evidence from REIT Stock Repurchases

Number of pages: 36 Posted: 30 Jul 2007
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies, University of Toledo and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 167 (223,457)

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REIT Repurchases, Governance

20.

Homeowners' Risk Premia: Evidence from Zip Code Housing Returns

Number of pages: 83 Posted: 18 Jan 2019 Last Revised: 05 May 2020
University of Amsterdam - Amsterdam Business School, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Syracuse University - Whitman School of Management and University of Amsterdam - Finance GroupOrtec Finance
Downloads 156 (236,764)
Citation 2

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Expected Housing Returns, Risk Premia, Underdiversification, Market Segmentation

21.

Strategic Trading in the Wrong Direction By a Large Institutional Insider

Number of pages: 60 Posted: 14 Jun 2006 Last Revised: 01 Sep 2009
Joseph H. Golec and Erasmo Giambona
University of Connecticut - Department of Finance and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate
Downloads 145 (251,288)

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Strategic Trading, Manipulation, Institutional Investor, Insider

22.
Downloads 123 (312,527)

Hedging and Competition

Tuck School of Business Working Paper No. 3802342
Number of pages: 78 Posted: 16 Mar 2021 Last Revised: 15 Oct 2021
Erasmo Giambona, Anil Kumar and Gordon M. Phillips
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Aarhus University, Department of Economics & Business Economics and Dartmouth College - Tuck School of Business
Downloads 122 (316,485)

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Competition, risk management, hedging, financial stability, policy sales (life insurance and annuities), policy prices, market share, market leadership, derivatives superpriority

Hedging and Competition

NBER Working Paper No. w29207
Number of pages: 79 Posted: 06 Sep 2021 Last Revised: 22 Oct 2021
Erasmo Giambona, Anil Kumar and Gordon M. Phillips
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Aarhus University, Department of Economics & Business Economics and Dartmouth College - Tuck School of Business
Downloads 1 (829,046)
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23.

Short-Term and Long-Term Discount Rates for Commercial Real Estate

University of Connecticut School of Business Research Paper No. 19-04
Number of pages: 47 Posted: 25 Jan 2019 Last Revised: 22 Feb 2019
Carmelo Giaccotto, Erasmo Giambona and Yanhui Zhao
University of Connecticut - Department of Finance, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and University of Wisconsin - Whitewater - College of Business and Economics
Downloads 106 (316,569)

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Cost of Capital Term-Structure, Risk Premium, Cost of Capital for REITs, CAPM

24.

Quantitative Easing, Investment, and Safe Assets: The Corporate-Bond Lending Channel

Number of pages: 50 Posted: 26 May 2020
Erasmo Giambona, Rafael Matta, José-Luis Peydró and Ye Wang
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, SKEMA Business School - Université Côte d'Azur, Imperial College London and School of Banking and Finance, University of International Business and Economics
Downloads 101 (326,921)
Citation 4

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Quantitative Easing (QE), Corporate-Bond Lending Channel, Investment, Safe Assets, Financing

25.

Real Assets and Capital Structure

NBER Working Paper No. w18147
Number of pages: 51 Posted: 16 Jun 2012 Last Revised: 30 Aug 2021
Murillo Campello and Erasmo Giambona
Cornell University - Samuel Curtis Johnson Graduate School of Management and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate
Downloads 45 (500,334)
Citation 13

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26.

Stakeholder Orientation and Operations Outcomes: Evidence from Constituency Statutes

Number of pages: 32 Posted: 19 Oct 2020 Last Revised: 24 May 2021
Karca Aral, Erasmo Giambona and Luk N. Van Wassenhove
Syracuse University - Department of Supply Chain Management, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and INSEAD
Downloads 44 (504,837)

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Stakeholder orientation, executive decision space, operational decisions, firm value, staggered difference-in-difference, quasi-natural experiments.

27.

The Role of Managerial Stock Option Programs in Governance: Evidence from REIT Stock Repurchases

Real Estate Economics, Vol. 38, Issue 1, pp. 31-55, Spring 2010
Number of pages: 25 Posted: 22 Feb 2010
University of Connecticut - Department of Finance, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies, University of Toledo and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 2 (781,272)
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28.

Real Assets, Collateral and the Limits of Debt Capacity

Real Estate Economics, Vol. 46, Issue 4, pp. 836-886, 2018
Number of pages: 51 Posted: 14 Nov 2018
Erasmo Giambona, Antonio Mello and Timothy J. Riddiough
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Wisconsin - Madison and University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics
Downloads 1 (792,654)
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29.
Downloads 0 (809,614)
Citation 1

Debt Capacity of Real Estate Collateral

Real Estate Economics, Vol. 42, Issue 3, pp. 578-605, 2014
Number of pages: 28 Posted: 28 Aug 2014
Erasmo Giambona, Joseph H. Golec and Armin Schwienbacher
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance and SKEMA Business School
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Citation 1
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Debt Capacity of Real Estate Collateral

Real Estate Economics, Forthcoming
Posted: 07 Feb 2013
Erasmo Giambona, Joseph H. Golec and Armin Schwienbacher
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance and SKEMA Business School

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land & building, machinery & equipment, leverage, credit constraints

30.

Property Segment and REIT Capital Structure

Journal of Real Estate Finance and Economics, Vol. 43, No. 4, 2011
Posted: 08 Oct 2011
Mine Ertugrul and Erasmo Giambona
University of Connecticut - School of Business and Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate

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Property segment, REIT competition, Capital structure

31.

How Entrenchment, Incentives and Governance Influence REIT Capital Structure

Journal of Real Estate Finance and Economics, Vol. 43, No. 1, 2011
Posted: 01 Apr 2011
University of Connecticut - Department of Finance, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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Entrenchment, Managerial Incentives, Corporate Governance, Capital Structure, REIT

32.

The Long-Horizon Performance of REIT Mergers

Journal of Real Estate Finance and Economics, Vol. 38, No. 2, 2009
Posted: 20 Oct 2008
Robert D. Campbell, Erasmo Giambona and C. F. Sirmans
Hofstra University, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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real estate investment trusts, REITs, EREITs, mergers, buy-and-hold abnormal returns, BHARs, post-merger performance

33.

The Long-Run Performance of REIT Stock Repurchases

Real Estate Economics, Vol. 33, No. 2, 2005
Posted: 13 Jul 2006
Erasmo Giambona, Carmelo Giaccotto and C. F. Sirmans
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, University of Connecticut - Department of Finance and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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Real Estate Investment Trusts (REITs), Stock Repurchases, Undervaluation Hypothesis, Autocorrelation Bias

34.

The Conditional Performance of REIT Stock Repurchases

Journal of Real Estate Finance and Economics, Vol. 32, No. 2, 2006
Posted: 09 Sep 2005
Joseph H. Golec, Erasmo Giambona and Carmelo Giaccotto
University of Connecticut - Department of Finance, Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and University of Connecticut - Department of Finance

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REITs, Conditional Performance, Noisy Rational Expectations, Stock Repurchases

35.

The External Cost of Prostitution: Evidence from Shutting Down Red Light Districts in the Netherlands

Number of pages: 38
Erasmo Giambona and Rafael P. Ribas
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate and Boise State University - College of Business & Economics
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Prostitution, Disamenity, Housing Values, Willingness to Pay, Job Creation