James D. Shilling

DePaul University

1 East Jackson Blvd.

Chicago, IL 60604

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • DePaul University

SCHOLARLY PAPERS

30

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16

CROSSREF CITATIONS

56

Scholarly Papers (30)

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1.

Portfolio Performance and Strategic Asset Allocation Across Different Economic Conditions

Number of pages: 37 Posted: 15 Mar 2006
Jarjisu Sa-Aadu, James D. Shilling and Ashish Tiwari
University of Iowa - Department of Finance, DePaul University and University of Iowa
Downloads 1,375 (24,255)
Citation 1

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Portfolio diversification, volatility bounds, mean-variance spanning, regime switching

2.

Is Value-Added and Opportunistic Real Estate Investing Beneficial? If So, Why ?

Journal of Real Estate Research, Vol. 34, No. 4, 2012
Number of pages: 34 Posted: 22 Jan 2013
James D. Shilling and Charles Wurtzebach
DePaul University and DePaul University
Downloads 502 (94,867)
Citation 6

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value-added, opportunistic, investing, risk-adjusted return

3.

REITs and Liquidity in Real Estate Markets

Number of pages: 34 Posted: 08 Jul 2016 Last Revised: 30 Nov 2020
Kiat Ying Seah, James D. Shilling, Tien Foo Sing and Long Wang
National University of Singapore (NUS), DePaul University, National University of Singapore (NUS) - Department of Real Estate and National University of Singapore (NUS)
Downloads 187 (267,824)

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Liquidity, Transparency, Efficiency, REIT Regime, Cross-border Real Estate Investments, Foreign Investors

4.

Unconventional Monetary Policy and U.S. Housing Markets Dynamics

Number of pages: 61 Posted: 01 Apr 2015
Yao-Min Chiang, Jarjisu Sa-Aadu and James D. Shilling
National Taiwan University - Department of Finance, University of Iowa - Department of Finance and DePaul University
Downloads 96 (449,238)
Citation 5

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Unconventional Monetary Policy, Housing Starts, Aggregate Liquidity Factors, Housing Markets

5.

Are Commercial Mortgage Defaults Affected by Tax Considerations?

KAIST College of Business Working Paper Series No. 2007-007
Number of pages: 40 Posted: 01 Jun 2007
Hoon Cho, Brian A. Ciochetti and James D. Shilling
Korea Advanced Institute of Science and Technology (KAIST), Independent and DePaul University
Downloads 95 (452,408)
Citation 2

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6.

Large Banks and Efficient Banks: How Do They Influence Credit Supply and Default Risk?

Number of pages: 38 Posted: 10 Nov 2013 Last Revised: 29 Jun 2018
Bo Liu, James D. Shilling and Tien Foo Sing
National University of Singapore (NUS) - Department of Real Estate, DePaul University and National University of Singapore (NUS) - Department of Real Estate
Downloads 77 (514,200)

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Market Structure, Banking Markets, Concentration, Contestability, Credit Expansion, Default Risks

7.

How Tax Credits Have Affected the Rehabilitation of the Boston Office Market

Journal of Real Estate Research, Vol. 28, No. 4, 2006
Number of pages: 28 Posted: 13 Dec 2006
James D. Shilling, Kerry D. Vandell, Ruslan Koesman and Zhenguo Lin
DePaul University, University of California, Irvine - Paul Merage School of Business, University of Wisconsin and University of Wisconsin
Downloads 69 (546,482)

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tax credit, rehabilitation, office market, Boston

8.

Fiduciary Investment Under Uncertainty: Examining Pension Plan Investment Behavior When Trustees Have Reputational Utility

Number of pages: 40 Posted: 30 Mar 2011
Kiat Ying Seah and James D. Shilling
National University of Singapore (NUS) and DePaul University
Downloads 63 (573,013)

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Pension Fund, Optimism, Entropy, Portfolio Theory, Risk Aversion

9.

The Economics of Tenure Choice: 1955-79

NBER Working Paper No. w0543
Number of pages: 39 Posted: 07 Jul 2004 Last Revised: 28 Dec 2022
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 62 (577,514)
Citation 2

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10.

The Impact of the Agencies on Conventional Fixed-Rate Mortgage Yields

NBER Working Paper No. w2646
Number of pages: 25 Posted: 16 Jul 2004 Last Revised: 27 Mar 2022
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 39 (705,008)
Citation 5

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11.

The Impacts on Capital Allocation of Some Aspects of the Economic Recovery Tax Act of 1981

NBER Working Paper No. w0825
Number of pages: 47 Posted: 07 Jan 2008 Last Revised: 05 Oct 2022
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 36 (725,547)

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12.

Reforming Conforming Loan Limits: the Impact on Thrift Earnings and Taxpayer Outlays

NBER Working Paper No. w3010
Number of pages: 29 Posted: 14 Apr 2007 Last Revised: 24 Sep 2022
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 29 (777,490)

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13.

Commercial Real Estate Market Property Level Capital Expenditures: An Options Analysis

Journal of Real Estate Finance and Economics, October 2019, Volume 59, Issue 3, pp 372–390
Posted: 05 Dec 2019
Shaun A. Bond, James D. Shilling and Charles Wurtzebach
UQ Business School, DePaul University and DePaul University

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Real options; Investment and uncertainty; Commercial real estate

14.

How Big of a Lemons Market is the Secondary Market for Private Equity Real Estate

Journal of Real Estate Finance and Ecnomics, October 2019, Volume 59, Issue 3, pp 391–418
Posted: 05 Dec 2019
David Barker, Kiat Ying Seah and James D. Shilling
University of Iowa, National University of Singapore (NUS) and DePaul University

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private equity capital; Secondary markets; Brokerage; Trading prices

15.

Spatial Correlation in Expected Returns in Commercial Real Estate Markets and the Role of Core Markets

Journal of Real Estate Finance and Economics, Vol. 54, No. 3, 2017
Posted: 18 Mar 2017
James D. Shilling and C. F. Sirmans
DePaul University and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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16.

REIT Stock Market Volatility and Expected Returns

Real Estate Economics, Forthcoming
Posted: 08 Jan 2015
Richard Chung, Scott Fung, James D. Shilling and Tammie Simmons-Mosley
The Hong Kong Polytechnic University, California State University, East Bay, DePaul University and California State University, East Bay - Department of Management

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implied volatility, REIT stock returns, financial distress, financial crisis

17.

Who Says There is a High Consensus Among Analysts When Market Uncertainty is High? Some New Evidence from the Commercial Real Estate Market

Journal of Real Estate Finance and Economics, Vol. 47, No. 4, 2013
Posted: 08 Nov 2013
James D. Shilling, C. F. Sirmans, Barrett A. Slade and Barrett A. Slade
DePaul University, Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law and Brigham Young UniversityIndependent

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Economic fluctuations and growth; Information; Knowledge; Uncertainty

18.

Are Commercial Mortgage Defaults Affected by Tax Considerations?

Journal of Real Estate Finance and Economics, Vol. 46, No. 1, 2013, Forthcoming
Posted: 20 Dec 2012
Hoon Cho, Brian A. Ciochetti and James D. Shilling
Korea Advanced Institute of Science and Technology (KAIST), Independent and DePaul University

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default, commercial mortgages, taxes

19.

Seemingly Irrational but Predictable Price Formation in Seoul's Housing Market

Journal of Real Estate Finance and Economics, Vol. 44, No. 4, 2012
Posted: 24 Mar 2012
Hoon Cho, Kyung-Hwan Kim and James D. Shilling
Korea Advanced Institute of Science and Technology (KAIST), Sogang University and DePaul University

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housing demand, business fluctuations, asset pricing

20.

What Determines Stock Price Synchronicity in REITs?

Journal of Real Estate Finance and Economics, Vol. 43, No. 1, 2011
Posted: 02 Apr 2011
Richard Chung, Scott Fung, James D. Shilling and Tammie Simmons-Mosley
The Hong Kong Polytechnic University, California State University, East Bay, DePaul University and California State University, East Bay - Department of Management

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Asset pricing, Synchronicity, Hedge funds, and other private financial institutions

21.

REIT Resiliency and Corporate Governance

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
James D. Shilling, Richard Chung, Scott Fung and Tammie Simmons-Mosley
DePaul University, The Hong Kong Polytechnic University, California State University, East Bay and California State University, East Bay - Department of Management

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22.

Loss Recoveries, Realized Excess Returns, and Credit Rationing in the Commercial Mortgage Market

Journal of Real Estate Finance and Economics, Vol. 34, No. 4, 2007
Posted: 11 Jan 2007
Brian A. Ciochetti and James D. Shilling
Independent and DePaul University

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asset pricing, information and market efficiency, mortgages

23.

The Role of Real Estate in an Institutional Investor's Portfolio Revisited

Posted: 04 Feb 2004
Gregory H. Chun, Jarjisu Sa-Aadu and James D. Shilling
Kimpo College, University of Iowa - Department of Finance and DePaul University

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portfolio choice, asset pricing, and pension funds

24.

Unsmoothing Commercial Property Returns: A Revision to Fisher-Geltner-Webb's Unsmoothing Methodology

Posted: 07 Jul 2003
Hoon Cho, Yuichiro Kawaguchi and James D. Shilling
Wisconsin School of Business, Meikai University - Faculty of Real Estate Science and DePaul University

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Asset Pricing, Real Estate Markets, and Expectations

25.

The Effect of Firm Characteristics on the Use of Percentage Retail Leases

Posted: 14 Mar 2003
Gregory H. Chun, Mark Eppli and James D. Shilling
Kimpo College, Marquette University and DePaul University

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firm behavior, asymmetric and private information, accounting, firm oganization and market structure

26.

A Proportional Hazards Model of Commercial Mortgage Default with Originator Bias

Posted: 04 Feb 2003
Brian A. Ciochetti, Rui Yao, Yongheng Deng, Gail Lee and James D. Shilling
Independent, Baruch College - Department of Economics and Finance, Wisconsin School of Business, University of Wisconsin-Madison, Credit Suisse First Boston and DePaul University

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mortgages, asset pricing, bankruptcy, liquidation, prepayment, default

27.

Institutional Investors Tilt Their Real Estate Holdings Toward Quality, Too

Posted: 14 Sep 2000
Stephen Malpezzi and James D. Shilling
University of Wisconsin at Madison and DePaul University

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28.

Determinants of Real Estate Asset Allocations in Private and Public Pension Plans

Posted: 21 Nov 1999
Brian A. Ciochetti, Jarjisu Sa-Aadu and James D. Shilling
Independent, University of Iowa - Department of Finance and DePaul University

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29.

The Impact of Initial-Year Discounts on Arm Prepayments

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The Impact of Initial-Year Discounts on Arm Prepayments

REAL ESTATE ECONOMICS, Vol. 25 No. 3, Fall 1997
Posted: 01 Aug 1997
Richard K. Green and James D. Shilling
University of Southern California - Lusk Center for Real Estate and DePaul University

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The Impact of Initial-Year Discounts on Arm Prepayments

Posted: 17 Jun 1997
Richard K. Green and James D. Shilling
University of Southern California - Lusk Center for Real Estate and DePaul University

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30.

Choosing between Fixed and Adjustable-Rate Mortgages: The Case of Commercial Mortgages

J. OF REAL ESTATE FINANCE AND ECONOMICS, Vol. 12 No. 3
Posted: 27 Sep 1996
Upinder Dhillon, Jarjisu Sa-Aadu and James D. Shilling
SUNY at Binghamton - School of Management, University of Iowa - Department of Finance and DePaul University

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