| Name | Professor John GLASCOCK |
|---|---|
| Telephone | +44 (0)1223 337114 |
| jlg43 (for e-mail address, add @cam.ac.uk to the address shown.) | |
| Current post | Grosvenor Professor of Real Estate Finance |
| Research Interests | Real Estate Investment Trusts (REITS) Professor Glascock has over 85 published articles and reports. His work has been published in Real Estate Economics (3), Journal of Real Estate Finance and Economics (10), Academy of Management Journal, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Business Finance and Accounting (2), Energy Journal, Journal of Regional Science, Financial Review (5), Journal of Real Estate Research (2), Journal of Financial Research, Journal of Real Estate Literature, Southern Economic Journal, Applied Economics, and Financial Analyst Journal. His work has been cited in various journals including. Journal of Real Estate Finance and Economics, Journal of Finance, Academy of Management, Journal of Business, Journal of Financial Economics, Real Estate Economic, Journal of Banking and Finance, Journal of Financial and Quantitative Analysis, and Journal of Real Estate Research. |
| Other posts | Reviewer for the National University of Singapore's Real Estate Program Industry links including the Department of Justice, the State of Ohio, Fleet Bank, Baton Rouge Airport Authority, Centrepoint (appartments), and the Smith Company (hotels). |
| Publications | Recent work (1990-current) includes: Books and Reports: Property Investment Funds for the UK: Their Potential Impact on the Private Rented Sector, with Michael Ball. Published as a monograph by Council of Mortgage Lenders (January 2005). Consultation response to HM Treasury on promoting more flexible investment in property Prepared by Professor John Glascock, special adviser and primary author, University of Cambridge, and Julie Cowans, in-house expert, Joseph Rowntree Foundation (July 2004). In-progress or under review: The Relative Effect of Property Type and Country Factors in Risk Reduction for Internationally Diversified Real Estate Portfolios, with Lynne Kelly. Under review at Journal of Real Estate Finance and Economics. Effects of the Methods of Payment and the Mode of Acquisition on Performance and Risk Metrics, with Sema Dube, under review at International Journal of Managerial Finance. Excess Return and Risk Characteristics of Asian Exchange-Listed Real Estate, with Chiuling Lu and Raymond So. Analyzing Mergers from a Policy and Regulatory Perspective: an empirical testing of long-term performance, with Sema Cakici and Mark Klock. Momentum Profitability and Market Trend: Evidence from REITs, with Szu-Yin Hung, 2004 (presented at European Real Estate Society meeting, Dublin (June 2005) and at the Asian Real Estate Society meeting, Sydney (July 2005). Using the Housing Affordability Index to Assess Housing Opportunities, with V. Carlos Slawson. Extending the Portfolio Model to Include Marketable Assets, Human Capital, and a House with Kathy Hung, 2003 (earlier version presented at ASSA meeting in San Diego, Jan 2004). Published articles: Stock Market Linkages Before and After the Asian Financial Crisis: Evidence from Three Greater Chinese Economic Area Stock Markets and the US, with Hwahsin Cheng. Forthcoming, Review of Pacific Basin Financial Markets and Policies (accepted July 2005). Dynamic Linkages Between the Greater China Economic, with Hwahsin Cheng, Review of Quantitative Finance and Accounting. 2005. The Riskiness of REITs Surrounding the October 1997 Stock Market Decline, with, David Michayluk, and Karyn Neuhauser. Journal of Real Estate Finance and Economics, Vol. 28, Issue 4, 2004, pp. 339-354. REIT Returns and Inflation: Perverse or Reverse Causality Effects? Journal of Real Estate Finance and Economics, Vol. 24, Issue 3, 2002, pp. 301-318. Securitized Real Estate: The American REIT Experience: History, Lessons and Recommendations, 2002 International Forum on Real Estate Securitization, Published by College of Management, Yuan Ze University, Taiwan, June 28, 2002. What is on the Horizon for Commercial Real Estate, Professional Report, Fall 2001, pp. 28-29. Price Dynamics of Owner-occupied Housing in Selected Markets of the Greater Baltimore-Washington Metropolitan Area: Does Structure Type Matter? With Zhong-Yi Tong Journal of Housing Research, Vol 11, No. 1, 2000, pp. 29-66. Further Evidence on the Integration of REIT, Bond and Stock Returns, with Chiuling Lu and Raymond So. Journal of Real Estate Finance and Economics, Vol. 20, No. 2, 2000, pp. 177-195. The Maturation of a Developing Industry: REITs in the 1990s, with Chinmoy Ghosh. Journal of Real Estate Finance and Economics, Vol. 20, No. 2, 2000, pp. 87-90. Analysis of REIT IPOs Using Market Microstructure Approach: Anomalous Behavior or Asset Structure, with William T. Hughes and Sanjay B. Varshney. Journal of Real Estate Finance and Economics, Vol. 16, No. 3, May 1998, pp. 243-256. Mortgage Loan Rates and Deposit Costs: Are They Reliably Linked?, with Ali Darrat and Ross Dickens. Journal of Real Estate Economics and Finance, Vol. 16, No. 1, January 1998, pp. 27-42. A Re-examination of Corporate Sell-Offs of Real Estate Assets, with Geoffrey Booth and Salil Sarkar. Journal of Real Estate Finance and Economics, Vol. 12, No. 2., March 1996, pp. 195-202. A Test for Price Pressure Effects in Tender Offer Stock Repurchases, with Wallace Davidson and Indudeep Chhacchi. Financial Review, Vol. 31, No. 1, February 1996, pp. 25-50. Signalling with Convertible Debt, with Wallace Davidson and Thomas Schwarz. Journal of Financial and Quantitative Analysis, Vol. 30, No. 3, September 1995, pp. 425-440. The Formation of Public Utility Holding Companies and Their Subsequent Diversification Activity, with Wallace Davidson and David Robison. Journal of Regulatory Economics, Vol. 7, 1995, pp. 199-214. The Value of Shareholder's Votes: The Case of Dual Class Common Stock, with Connie Shum and Wallace Davidson. Financial Review, Vol. 30, No. 1, February 1995, pp. 275-287. NAREIT Identified Exchange Listed REITs and Their Performance Characteristics, 1972-1990, with William T. Hughes. Journal of Real Estate Literature, Vol. 3, No. 1., Spring 1995, pp. 63-83. Performance Measures of Real Estate Firm Common Stock Returns, with Wallace Davidson. Real Estate Research Issues, Vol 2., 1995 (Edited by Schwartz and Kapplin), pp. 143-156. Boston, Mass: Kluwer Academic Publishers. Statistical Inference in Event Studies Using Multiple Regression, with Imre Karafiath. Real Estate Research Issues, Vol 2., 1995 (Edited by Schwartz and Kapplin), pp. 177-190. Boston, Mass: Kluwer Academic Publishers. The Financing of Residential Real Estate in Finland: An Overview, with Geoffrey Booth, Teppo Martikainen and Timo Rothovius. Journal of Housing Research, Vol 5, No. 2, 1994, pp. 205-228. The Washington REIT Strategy: Financing, Investment, and Management, with Susan Wachter. Real Estate Issues, Vol. 19, No. 2, August 1994, pp. 9-15. An Analysis of Office Market Rents: Parameter Constancy and Unobservable Variables, with Minbo Kim and C. F. Sirmans. Journal of Real Estate Research, Vol. 8., No. 4, Fall 1994, pp. 625-638. On the Supply of Landlord Labor in Small Real Estate Rental Firms, with Geoffrey Turnbull. Journal of Real Estate Finance and Economics, Vol. 8., No. 1, January 1994, pp. 21-33. Common Stock Returns in Corporate Takeover Bids: The Case of Brokerage House Acquisitions, with Wallace Davidson and Gay Hatfield. Financial Review, Vol. 29, No. 1, February 1994. Management Turnover and Succession Through Firings of Key Executives: Effects on Stockholder Wealth, with Dan Worrell and Wallace Davidson. Academy of Management Journal, Vol. 36, No. 2, April 1993, pp. 387-401. A Test of the Tax-Induced Leverage Hypothesis in Convertible Securities: A Note, with Wallace Davidson and Won Jon Koh. Journal of Business, Finance, and Accounting, Vol. 20, No. 1, January 1993, pp. 99-106. On Real Estate Market Efficiency, with Ali Darrat. Journal of Real Estate Finance and Economics, Vol. 7, No. 1, July 1993, pp. 55-72. Owner Tenancy as Credible Commitment under Uncertainty, with C. F. Sirmans and Geoffrey Turnbull. Journal of the American Real Estate and Urban Economics Association, Vol. 21, No. 1, Spring 1993, pp. 69-82. Market Conditions, Risk, and Real Estate Portfolio Returns: Some Empirical Evidence. Journal of Real Estate Finance and Economics, Vol. 4, No. 4, December 1991, pp. 367-373. Abstracted in the CFA Digest, Summer 1992. Firm Size and Its Impact on Bank Loans as Signals of Firm Value, with Myron Slovin and Shane Johnson. Journal of Banking and Finance, Vol. 16, No. 6, December 1992, pp. 1057-1071. Testing Beta Stationarity Across Bond Rating Changes, with Michael Impson and Imre Karafiath. Financial Review, Vol. 27, No. 4, November 1992, pp. 607-619. Institutional Bond Pricing and Information Arrival: The Case of Bond Rating Changes, with James Wansley and Terrence Clauretie. Journal of Business, Finance and Accounting, Vol. 19, No. 5, Sept. 1992, pp. 733-750. An Analysis of the Synergistic vs. Wealth-Transfer Hypothesis in Bank Mergers, with Wallace Davidson. International Journal of Finance, Vol. 3, No. 2, Spring 1991, pp. 42-55. The Gains from Corporate Selloffs: The Case of Real Estate Assets, with Wallace Davidson and C. F. Sirmans. Journal of American Real Estate and Urban Economics Association, Vol. 19, No. 4, Winter 1991. Uncertain Income and House Price and Location Choice, with C. F. Sirmans and Geoffrey Turnbull. Journal of Regional Science, Vol. 31, No. 4, 1991, pp. 417-433. Sensitivity of the SCPE Test Statistic, with Glen Henderson, Vivek Shah and Dennis Officer. Journal of Economics and Business, Vol. 43, No. 1, February 1991, pp. 49-57. Inferring Risk Preferences from a Two-Asset Model, with Donald Meyer and Stuart Wells, Applied Economics, Vol. 23, No. 1A, January 1991, pp. 65-71. An Analysis of Office Market Rents: Some Empirical Evidence, with Shirin Jahanian and C. F. Sirmans. Journal of American Real Estate and Urban Economics Association, Vol 18, No. 1, Spring 1990, pp. 105-119. Hazardous Waste Lawsuits, Stockholder Returns, and Deterrence, with Michael Muoghalu and David Robison. Southern Economic Journal, Vol. 57, No. 2, October 1990, pp. 357-70. Abstracted in Journal of Economic Literature. |

