Eva Steiner

Cornell SC Johnson College of Business

Assistant Professor

465B Statler Hall

Ithaca, NY 14853

United States

http://https://sha.cornell.edu/faculty-research/faculty/ems457/

  • Cornell SC Johnson College of Business

SCHOLARLY PAPERS

21

DOWNLOADS

2,783

SSRN CITATIONS

6

CROSSREF CITATIONS

14

Scholarly Papers (21)

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1.

On the Capital Structure of Real Estate Firms

23rd Australasian Finance and Banking Conference 2010 Paper
Number of pages: 32 Posted: 23 Aug 2010 Last Revised: 05 Apr 2011
Jamie Alcock, Eva Steiner and Kelvin Jui Keng Tan
The University of Sydney Business School, Cornell SC Johnson College of Business and University of Queensland - Business School
Downloads 977 (23,162)

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Capital Structure, Leverage, Maturity, Real Estate Firms

2.

The Rate of Return on Real Estate: Long-Run Micro-Level Evidence

HEC Paris Research Paper No. FIN-2019-1342
Number of pages: 50 Posted: 25 Jun 2019 Last Revised: 26 Sep 2019
David Chambers, Christophe Spaenjers and Eva Steiner
University of Cambridge - Judge Business School, HEC Paris - Finance Department and Cornell SC Johnson College of Business
Downloads 302 (103,315)
Citation 1

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real estate, property prices, rental yields, long-run returns, idiosyncratic risks

3.

Financial Flexibility and Manager-Shareholder Conflict: Evidence from REITs

Forthcoming, Real Estate Economics
Number of pages: 57 Posted: 06 May 2016 Last Revised: 25 Oct 2017
Timothy J. Riddiough and Eva Steiner
University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics and Cornell SC Johnson College of Business
Downloads 199 (157,410)
Citation 2

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Real estate investment trusts, capital structure, financial flexibility

4.

Future Earnings Growth Volatility and the Value Premium

24th Australasian Finance and Banking Conference 2011 Paper, Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 31 Posted: 22 Aug 2011 Last Revised: 16 Jan 2012
Jamie Alcock, Eva Steiner and Kelvin Jui Keng Tan
The University of Sydney Business School, Cornell SC Johnson College of Business and University of Queensland - Business School
Downloads 198 (158,149)

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Asset pricing, Fama-French factor model, market efficiency

5.

The Consequences of REIT Index Membership for Return Patterns

Downloads 180 (172,459)
Citation 1

The Consequences of REIT Index Membership for Return Patterns

Number of pages: 40 Posted: 20 Sep 2016 Last Revised: 04 Oct 2016
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Cornell SC Johnson College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 180 (172,424)

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Real Estate, Investment, Index Membership, REITs

The Consequences of REIT Index Membership for Return Patterns

Real Estate Economics, Vol. 46, Issue 1, pp. 210-250, 2018
Number of pages: 41 Posted: 21 Feb 2018
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Cornell SC Johnson College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
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6.

Decomposing the Value Effects of Sustainable Investment: International Evidence

Number of pages: 33 Posted: 22 Feb 2017
Avis Devine, Eva Steiner and Erkan Yönder
York University - Schulich School of Business, Cornell SC Johnson College of Business and John Molson School of Business, Concordia University
Downloads 168 (183,181)

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Real Estate Investment Trusts, Sustainability, Energy Efficiency

7.

Leverage, Volatile Future Earnings Growth and Expected Stock Returns

Number of pages: 47 Posted: 08 Aug 2014 Last Revised: 15 Aug 2014
Jamie Alcock, Eva Steiner and Kelvin Jui Keng Tan
The University of Sydney Business School, Cornell SC Johnson College of Business and University of Queensland - Business School
Downloads 144 (208,522)

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corporate leverage, default risk, earnings risk, earnings growth, value vs growth, stochastic earnings valuation model.

8.

Unexpected Inflation, Capital Structure and Real Risk-Adjusted Firm Performance

Downloads 122 (237,376)
Citation 2

Unexpected Inflation, Capital Structure and Real Risk-Adjusted Firm Performance

Number of pages: 35 Posted: 25 Aug 2014
Jamie Alcock and Eva Steiner
The University of Sydney Business School and Cornell SC Johnson College of Business
Downloads 122 (238,353)

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REITs, leverage, inflation hedging, real risk-adjusted performance

Unexpected Inflation, Capital Structure, and Real Risk‐Adjusted Firm Performance

Abacus, Vol. 53, Issue 2, pp. 273-298, 2017
Number of pages: 26 Posted: 03 Jun 2017
Jamie Alcock and Eva Steiner
The University of Sydney Business School and Cornell SC Johnson College of Business
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Capital structure, Inflation hedging, Nominal assets, Real risk‐adjusted performance, REITs

9.

Where, When, and How Do Sophisticated Investors Respond to Flood Risk?

Number of pages: 38 Posted: 23 Jul 2018 Last Revised: 26 Jun 2019
Piet M. A. Eichholtz, Eva Steiner and Erkan Yönder
University of Maastricht - Limburg Institute of Financial Economics (LIFE), Cornell SC Johnson College of Business and John Molson School of Business, Concordia University
Downloads 118 (243,375)
Citation 1

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flood risk, asset prices, real estate

10.

Financial Flexibility and Manager-Shareholder Conflict

Number of pages: 63 Posted: 28 May 2017
Timothy J. Riddiough and Eva Steiner
University of Wisconsin - School of Business - Department of Real Estate and Urban Land Economics and Cornell SC Johnson College of Business
Downloads 100 (273,341)

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Capital structure, financial flexibility, collateral channel

11.

Fundamental Drivers of Dependence in REIT Returns

Downloads 93 (286,596)
Citation 1

Fundamental Drivers of Dependence in REIT Returns

Number of pages: 46 Posted: 04 Oct 2015
Jamie Alcock and Eva Steiner
The University of Sydney Business School and Cornell SC Johnson College of Business
Downloads 93 (288,764)
Citation 1

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Portfolio Diversification, REITs, Real estate as an asset class

Fundamental Drivers of Dependence in REIT Returns

Journal of Real Estate Finance and Economics, Vol. 57, No. 1, 2018
Posted: 24 Aug 2018
Jamie Alcock and Eva Steiner
The University of Sydney Business School and Cornell SC Johnson College of Business

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Portfolio Diversification; REITs, Real Estate as an Asset Class

12.

Unconventional Monetary Policy and Risk-Taking: Evidence from Agency Mortgage REITs

Downloads 76 (324,054)

Unconventional Monetary Policy and Risk-Taking: Evidence from Agency Mortgage REITs

Number of pages: 42 Posted: 22 Jun 2018
W. Scott Frame and Eva Steiner
Federal Reserve Bank of Dallas and Cornell SC Johnson College of Business
Downloads 49 (410,611)

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Quantitative Easing, Risk-Taking, REITs, GSEs, Mortgages, Securitization

Unconventional Monetary Policy and Risk-Taking: Evidence from Agency Mortgage Reits

FRB Atlanta Working Paper No. 2018-8
Number of pages: 42 Posted: 23 Aug 2018 Last Revised: 21 Feb 2019
W. Scott Frame and Eva Steiner
Federal Reserve Bank of Dallas and Cornell SC Johnson College of Business
Downloads 27 (511,719)

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quantitative easing, risk-taking, REITs, GSEs, mortgages, securitization

13.

Economic Fundamentals, Capital Expenditures and Asset Dispositions

Number of pages: 31 Posted: 21 Sep 2017 Last Revised: 07 Feb 2019
Brent W. Ambrose and Eva Steiner
Pennsylvania State University and Cornell SC Johnson College of Business
Downloads 47 (410,526)

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Disposition effect, real assets, real options

14.

What Really Happens During Flight to Safety: Evidence from Real Estate Markets

Number of pages: 36 Posted: 25 May 2018
Walter Boudry, Robert A. Connolly and Eva Steiner
Cornell University, University of North Carolina (UNC) at Chapel Hill - Finance Area and Cornell SC Johnson College of Business
Downloads 38 (445,797)

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Flight to Safety, Macro Finance, Capital Markets, Real Estate, Asset Pricing

15.

Mortgage REIT Sector Dynamics and Performance

Number of pages: 35 Posted: 21 Nov 2019
Eva Steiner
Cornell SC Johnson College of Business
Downloads 21 (531,856)

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mortgage REITs, MBS, non-depository financial institutions

16.

The Interrelationships between REIT Capital Structure and Investment

Abacus, Vol. 53, Issue 3, pp. 371-394, 2017
Number of pages: 24 Posted: 20 Sep 2017
Jamie Alcock and Eva Steiner
The University of Sydney Business School and Cornell SC Johnson College of Business
Downloads 0 (687,442)
Citation 1
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Agency conflict, Capital structure, Investment, Leverage, Maturity, REITs

17.

REIT Capital Structure Choices: Preparation Matters

Downloads 0 (687,442)
Citation 1

REIT Capital Structure Choices: Preparation Matters

Real Estate Economics, Vol. 46, Issue 1, pp. 160-209, 2018
Number of pages: 50 Posted: 21 Feb 2018
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Cornell SC Johnson College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
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REIT Capital Structure Choices: Preparation Matters

Real Estate Economics, Forthcoming
Posted: 06 Feb 2016 Last Revised: 26 Aug 2016
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Cornell SC Johnson College of Business and University of Pennsylvania - Wharton School, Department of Real Estate

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Real estate investment; leverage; financial crisis

18.

Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities

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Citation 2

Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities

Real Estate Economics, Vol. 43, Issue 1, pp. 241-270, 2015
Number of pages: 30 Posted: 17 Feb 2015
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Cornell SC Johnson College of Business and University of Pennsylvania - Wharton School, Department of Real Estate
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Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities

Real Estate Economics, Forthcoming
Posted: 06 Dec 2013
Andrey D. Pavlov, Eva Steiner and Susan M. Wachter
Simon Fraser University (SFU) - Finance Area, Cornell SC Johnson College of Business and University of Pennsylvania - Wharton School, Department of Real Estate

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Real estate investment firms, International asset pricing, Macroeconomic risk factors, Credit markets

19.

Joint Leverage and Maturity Choices in Real Estate Firms: The Role of the REIT Status

Journal of Real Estate Finance and Economics, 2014, 48(1), 57-78
Posted: 03 Dec 2013 Last Revised: 10 Oct 2014
Jamie Alcock, Eva Steiner and Kelvin Jui Keng Tan
The University of Sydney Business School, Cornell SC Johnson College of Business and University of Queensland - Business School

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Leverage; Debt maturity; Capital structure

20.

Manipulation in U.S. REIT Investment Performance Evaluation: Empirical Evidence

Journal of Real Estate Finance and Economics, Vol. 47, No. 3, 2013
Posted: 04 Sep 2013
Jamie Alcock, John L. Glascock and Eva Steiner
The University of Sydney Business School, University of Connecticut - School of Business - Center for Real Estate and Urban Economic Studies and Cornell SC Johnson College of Business

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real estate, performance valuation, manipulation

21.

The Role of Financial Leverage in the Performance of Private Equity Real Estate Funds

Journal of Portfolio Management, 2013, 39(5), 99-110
Posted: 08 Feb 2013 Last Revised: 20 Feb 2014
Jamie Alcock, Andrew Baum, Nicholas Colley and Eva Steiner
The University of Sydney Business School, University of Oxford, Said Business School, Property Funds Research and Cornell SC Johnson College of Business

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Private equity real estate funds, performance analysis, financial leverage