S. McKay Price

Lehigh University - Perella Department of Finance

621 Taylor Street

Bethlehem, PA 18015

United States

http://www.mckayprice.com

SCHOLARLY PAPERS

16

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CITATIONS
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Top 20,752

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22

Scholarly Papers (16)

1.

An Overview of Equity Real Estate Investment Trusts (REITs): 1993-2009

Journal of Real Estate Literature, Vol. 19, No. 2, pp. 307-343, 2011
Number of pages: 52 Posted: 19 Jan 2011 Last Revised: 08 Nov 2011
Zhilan Feng, S. McKay Price and C. F. Sirmans
Union College, Lehigh University - Perella Department of Finance and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 1,296 (14,381)
Citation 7

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Real Estate Investment Trust, Equity REITs

2.

Earnings Conference Calls and Stock Returns: The Incremental Informativeness of Textual Tone

Journal of Banking and Finance, Vol. 36, No. 4, pp. 992-1011, 2012
Number of pages: 66 Posted: 18 Jun 2010 Last Revised: 25 Feb 2012
Lehigh University - Perella Department of Finance, University of New South Wales, Florida State University - Department of Finance and University of San Diego
Downloads 1,047 (19,879)
Citation 40

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Conference calls, Disclosure, Content analysis, Textual analysis, Stock returns, Post-earnings-announcement drift

3.

The Effects of Conference Call Tones on Market Perceptions of Value Uncertainty

Journal of Financial Markets, Forthcoming
Number of pages: 49 Posted: 19 Mar 2015 Last Revised: 07 Feb 2018
Paul Borochin, Jim Cicon, Jared DeLisle and S. McKay Price
University of Connecticut - School of Business, University of Central Missouri, Utah State University and Lehigh University - Perella Department of Finance
Downloads 419 (67,872)

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Earnings conference calls, Disclosure, Textual analysis, Scripting, Option implied volatility, Uncertainty, Price discovery

4.

Differences in Conference Call Tones: Managers Versus Analysts

Financial Analysts Journal, Vol. 71, No. 4, pp. 24-42, July/August 2015
Number of pages: 46 Posted: 01 Jan 2015 Last Revised: 13 Aug 2015
Paul Brockman, Xu Li and S. McKay Price
Lehigh University - College of Business, The University of Hong Kong and Lehigh University - Perella Department of Finance
Downloads 373 (77,838)
Citation 4

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Conference calls, Textual analysis, Managers, Financial analysts, Market reaction

5.

The Relation between Momentum and Drift: Industry-Level Evidence from Equity Real Estate Investment Trusts (REITs)

Journal of Real Estate Research, Vol. 36, No. 3, pp 383-407, 2014
Number of pages: 44 Posted: 01 Dec 2011 Last Revised: 14 Aug 2014
Zhilan Feng, S. McKay Price and C. F. Sirmans
Union College, Lehigh University - Perella Department of Finance and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 260 (115,829)

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Momentum, Post-Earnings-Announcement Drift, Anomalies, Market Efficiency, Real Estate Investment Trusts, REITs

6.
Downloads 244 (123,628)
Citation 2

Pricing of Volatility Risk in REITs

Journal of Real Estate Research, 2013, Vol. 35, No. 2, pp. 223-248.
Number of pages: 33 Posted: 14 Oct 2011 Last Revised: 15 May 2013
Jared DeLisle, S. McKay Price and C. F. Sirmans
Utah State University, Lehigh University - Perella Department of Finance and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 184 (161,763)
Citation 2

Abstract:

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Risk, Idiosyncratic Volatility, Implied Systematic Volatility, Market Volatility Factor, Asset Pricing, REITs

Pricing of Volatility Risk in REITs

Journal of Real Estate Research, Vol. 35, No. 2, 2013
Number of pages: 26 Posted: 18 Jun 2013
Jared DeLisle, S. McKay Price and C. F. Sirmans
Utah State University, Lehigh University - Perella Department of Finance and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 60 (356,961)

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volatility, risk, REIT return

Earnings Conference Call Content and Stock Price: The Case of REITs

Journal of Real Estate Finance and Economics, Vol. 45, No. 2, pp. 402-434, 2012
Number of pages: 58 Posted: 16 Jun 2010 Last Revised: 08 Aug 2012
James Doran, David R. Peterson and S. McKay Price
University of New South Wales, Florida State University - Department of Finance and Lehigh University - Perella Department of Finance
Downloads 235 (127,959)
Citation 9

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REITs, Conference Calls, Content Analysis, Tone

Earnings Conference Call Content and Stock Price: The Case of REITs

Journal of Real Estate Finance and Economics, Vol. 45, No. 2, 2012
Posted: 28 Aug 2012
James Doran, David R. Peterson and S. McKay Price
University of New South Wales, Florida State University - Department of Finance and Lehigh University - Perella Department of Finance

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REITs, Conference calls, Content analysis, Tone

8.

Do Sophisticated Investors Interpret Earnings Conference Call Tone Differently than Investors at Large? Evidence from Short Sales

Journal of Corporate Finance, Vol. 31, 203-219, 2015
Number of pages: 45 Posted: 19 Sep 2012 Last Revised: 19 Mar 2015
Benjamin M. Blau, Jared DeLisle and S. McKay Price
Utah State University - Huntsman School of Business, Utah State University and Lehigh University - Perella Department of Finance
Downloads 232 (130,091)
Citation 13

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Earnings conference calls; Disclosure; Linguistic analysis; Information processing; Short selling

9.

Words versus Deeds: Evidence from Post-Call Manager Trades

Financial Management, Vol. 46, No. 4, pp. 965-994, 2017.
Number of pages: 51 Posted: 14 Jan 2013 Last Revised: 08 Nov 2017
Paul Brockman, Jim Cicon, Xu Li and S. McKay Price
Lehigh University - College of Business, University of Central Missouri, The University of Hong Kong and Lehigh University - Perella Department of Finance
Downloads 217 (138,794)

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Conference calls, Textual analysis, Disclosure, Analysts, Insider Trading

Information Uncertainty and the Post-Earnings-Announcement Drift Anomaly: Insights from REITs

Journal of Real Estate Finance and Economics, Vol. 44, Nos. 1/2, pp. 250-274, 2012
Number of pages: 36 Posted: 02 Jul 2010 Last Revised: 30 Jan 2012
S. McKay Price, Dean H. Gatzlaff and C. F. Sirmans
Lehigh University - Perella Department of Finance, Florida State University and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 170 (173,721)
Citation 5

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REITs, Post-Earnings-Announcement Drift, Market Efficiency, Trading Rule, Uncertainty

Information Uncertainty and the Post-Earnings-Announcement Drift Anomaly: Insights from REITs

Journal of Real Estate Finance and Economics, Vol. 44, Nos. 1/2, 2012
Posted: 26 Jan 2012 Last Revised: 20 Jun 2012
S. McKay Price, Dean H. Gatzlaff and C. F. Sirmans
Lehigh University - Perella Department of Finance, Florida State University and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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REITs, Post-earnings-announcement drift, Market efficiency, Trading rule, Uncertainty

Determinants of Foreign versus Domestic Real Estate Investment: Property Level Evidence from Listed Real Estate Investment Firms

Journal of Real Estate Finance and Economics, Vol. 54, No. 1, pp. 17-57, 2017
Number of pages: 52 Posted: 29 Jun 2014 Last Revised: 10 Jan 2017
Nathan Mauck and S. McKay Price
University of Missouri - Kansas City and Lehigh University - Perella Department of Finance
Downloads 163 (180,190)

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Real Estate Investment; International Real Estate; International Finance; Foreign Investment

Determinants of Foreign Versus Domestic Real Estate Investment: Property Level Evidence from Listed Real Estate Investment Firms

Journal of Real Estate Finance and Economics, Vol. 54, No. 1, 2017
Posted: 16 Jan 2017
Nathan Mauck and S. McKay Price
University of Missouri - Kansas City and Lehigh University - Perella Department of Finance

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Real estate investment, International real estate, International finance, Foreign investment

12.
Downloads 116 (236,018)
Citation 1

Governance, Conference Calls and CEO Compensation

Journal of Real Estate Finance and Economics, Vol. 50, No. 2, pp.181-206, 2015
Number of pages: 45 Posted: 06 Feb 2013 Last Revised: 08 Nov 2017
S. McKay Price, Jesus M. Salas and C. F. Sirmans
Lehigh University - Perella Department of Finance, Lehigh University and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law
Downloads 116 (237,148)
Citation 1

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Voluntary disclosure, Conference calls, Governance, Compensation, Entrenchment, Institutions, REITs

Governance, Conference Calls and CEO Compensation

Journal of Real Estate Finance and Economics, Vol. 50, No. 2, 2015
Posted: 10 Jan 2015
S. McKay Price, Jesus M. Salas and C. F. Sirmans
Lehigh University - Perella Department of Finance, Lehigh University and Florida State University - Department of Risk Management, Insurance, Real Estate & Business Law

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Voluntary disclosure; Conference disclosure; Conference calls; Governance; Compensation; Entrenchment; Institutions; REITs

Price Signals and Uncertainty in Commercial Real Estate Transactions

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 35 Posted: 06 Jul 2017 Last Revised: 07 Jul 2017
Georgetown University - Robert Emmett McDonough School of Business, Lehigh University - Perella Department of Finance, Central Michigan University - College of Business Administration and College of William and Mary
Downloads 100 (263,477)

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Commercial Real Estate, Broker, Signaling, Uncertainty, Execution Risk

Price Signals and Uncertainty in Commercial Real Estate Transactions

Journal of Real Estate Finance and Economics, Vol. 57, No. 2, 2018
Posted: 27 Aug 2018
Georgetown University - Robert Emmett McDonough School of Business, Lehigh University - Perella Department of Finance, Central Michigan University - College of Business Administration and College of William and Mary

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Commercial Real Estate; Broker; Signaling; Uncertainty; Execution risk

Do Investors Infer Vocal Cues from CEOs During Quarterly REIT Conference Calls?

Journal of Real Estate Finance and Economics, Vol. 54, No. 4, pp. 515-557, 2017
Number of pages: 48 Posted: 20 Feb 2016 Last Revised: 08 Nov 2017
S. McKay Price, Michael Seiler and Jiancheng Shen
Lehigh University - Perella Department of Finance, College of William and Mary and Regent University - Finance
Downloads 84 (295,148)
Citation 1

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REITs, Conference calls, Disclosure, Stock returns, Vocal cues, Layered voice analysis

Do Investors Infer Vocal Cues from CEOS During Quarterly REIT Conference Calls?

Journal of Real Estate Finance and Economics, Vol. 54, No. 4, 2017
Posted: 31 Mar 2017
S. McKay Price, Michael Seiler and Jiancheng Shen
Lehigh University - Perella Department of Finance, College of William and Mary - Finance and Regent University - Finance

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REITs; Conference calls; Disclosure; Stock returns; Vocal cues; Layered voice

Depreciation-Related Capital Gains, Differential Tax Rates, and the Market Value of Real Estate Investment Trusts

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 31 Posted: 26 Jun 2016
Dan W. French and S. McKay Price
Lamar University and Lehigh University - Perella Department of Finance
Downloads 83 (297,308)
Citation 1

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depreciation, valuation, real estate investment trusts, REITs

Depreciation-Related Capital Gains, Differential Tax Rates, and the Market Value of Real Estate Investment Trusts

Journal of Real Estate Finance and Economics, Vol. 57, No. 1, 2018
Posted: 25 Aug 2018
Dan W. French and S. McKay Price
Lamar University and Lehigh University - Perella Department of Finance

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Depreciation, Valuation, Real estate investment trusts, REITs

16.

Corporate Governance and International Investment: Evidence from Real Estate Holdings

Number of pages: 48 Posted: 13 Apr 2016 Last Revised: 02 Mar 2018
Nathan Mauck and S. McKay Price
University of Missouri - Kansas City and Lehigh University - Perella Department of Finance
Downloads 75 (312,845)

Abstract:

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Corporate Governance, Real Estate Investment, International Real Estate, Foreign Investment