Bio

Shaun Bond is the Frank Finn Professor of Finance and Deputy Head of School (AFIS) in the UQ Business School at the University of Queensland. His research primarily focuses on real estate finance and financial economics, examining how capital market forces, spatial dynamics, and economic fundamentals interact to shape outcomes in property markets. Through this interdisciplinary lens, Professor Bond has contributed to understanding property cycles, asset pricing, and investment strategies, helping decision-makers better evaluate real estate risk and return.

Professor Bond began his academic career in the Department of Land Economy at the University of Cambridge, where he applied rigorous economic theory and quantitative methods to spatial problems. He subsequently served as the West Shell Professor of Real Estate and Director of the Real Estate Center at the University of Cincinnati, overseeing applied research initiatives, strategic outreach, and industry partnerships. During this period, he led collaborative projects aimed at bridging academic research with professional practice, yielding practical insights for investors, policymakers, and urban planners.

In addition to his appointments at Cambridge and Cincinnati, Professor Bond has held visiting positions at the Technical University of Munich (TUM), Heidelberg University, the Pennsylvania State University, and the George Washington University. Recognized for his innovative scholarship, he has published in prominent finance and real estate journals, contributing to broader discussions on how spatial economics and finance intersect.

Professor Bond holds a PhD and an MPhil in Economics from the University of Cambridge, following an undergraduate degree in Economics (awarded with First Class Honours) from the University of Queensland.

Book Chapters

Bond, Shaun A. and Chang, Qingqing (2013). REITs and the Private Real Estate Market. Alternative Investments: Instruments, Performance, Benchmarks, and Strategies. (pp. 77-97) Hoboken, NJ, USA: John Wiley and Sons. doi: 10.1002/9781118656501.ch5

Bond, Shaun (2007). An econometric model of downside risk. Forecasting Volatility in the Financial Markets. (pp. 301-331) Elsevier Ltd. doi: 10.1016/B978-075066942-9.50016-9

Journal Articles

Bond, Shaun, Wu, Wentao and Zheng, Suyan (2023).Seasonal patterns of earnings releases and post-earnings announcement drift. The Quarterly Review of Economics and Finance, 91, 15-24. doi: 10.1016/j.qref.2023.07.003

Bond, Shaun, Pai, Yu-Jou and Zheng, Suyan (2023).Homemade equity offerings via dividend reinvestment and stock purchase plans. Review of Financial Economics, 41 (2), 197-216. doi: 10.1002/rfe.1172

Bond, Shaun, Guo, Hui and Yang, Changyu (2022).Systematic mispricing: evidence from real estate markets. The Journal of Real Estate Finance and Economics, 1-33. doi: 10.1007/s11146-021-09883-9

Bond, Shaun A. and Eriksen, Michael D. (2020).The role of parents on the home ownership experience of their children: evidence from the health and retirement study. Real Estate Economics, 49 (2) 1540-6229.12332, 433-458. doi: 10.1111/1540-6229.12332

Bond, Shaun A., Pai, Yu-Jou, Wang, Peng and Zheng, Suyan (2019).The impact of dividend reinvestment plans on firm payout choices-evidence from real estate investment trusts. Real Estate Economics, 47 (1), 178-213. doi: 10.1111/1540-6229.12248

Bond, Shaun A., Shilling, James D. and Wurtzebach, Charles H. (2019).Commercial real estate market property level capital expenditures: An options analysis. The Journal of Real Estate Finance and Economics, 59 (3), 372-390. doi: 10.1007/s11146-018-9680-1

Bond, S. A., Chang, Q., Knight, J. and Satchell, S. E. (2018).Joint distribution of forecasts and outcomes: Impact of non-normality on the measurement of forecasting skill, with applications to analysts' target prices. Advances in Decision Sciences, 22, 1-39.

Bond, Shaun and Xue, Chen (2016).The cross section of expected real estate returns: Insights from investment-based asset pricing. The Journal of Real Estate Finance and Economics, 54 (3), 403-428. doi: 10.1007/s11146-016-9573-0

Bond, Shaun A. and Devine, Avis (2016).Incentivizing green single-family construction: Identifying effective government policies and their features. The Journal of Real Estate Finance and Economics, 52 (4), 383-407. doi: 10.1007/s11146-015-9525-0

Bond, Shaun A. and Devine, Avis (2015).Certification matters: Is green talk cheap talk?. The Journal of Real Estate Finance and Economics, 52 (2), 117-140. doi: 10.1007/s11146-015-9499-y

Bai, Qing, Bond, Shaun A. and Hatch, Brian (2014).The impact of leveraged and inverse ETFs on underlying real estate returns: Leverage and inverse ETFs and REITs. Real Estate Economics, 43 (1), 37-66. doi: 10.1111/1540-6229.12061

Bond, Shaun A., Gardiner, Ben and Tyler, Peter (2013).The impact of enterprise zone tax incentives on local property markets in England: who actually benefits?. Journal of Property Research, 30 (1), 67-85. doi: 10.1080/09599916.2012.721381

Bond, Shaun A. and Chang, Qingqing (2012).Liquidity dynamics across public and private markets. Journal of International Money and Finance, 31 (7), 1890-1910. doi: 10.1016/j.jimonfin.2012.05.020

Bond, Shaun A., Hwang, Soosung and Marcato, Gianluca (2012).Commercial real estate returns: An anatomy of smoothing in asset and index returns: An anatomy of smoothing in asset and index returns. Real Estate Economics, 40 (4), 637-661. doi: 10.1111/j.1540-6229.2011.00327.x

Bond, Shaun A. and Mitchell, Paul (2011).The information content of real estate derivative prices. The Journal of Portfolio Management, 37 (5), 170-181. doi: 10.3905/jpm.2011.37.5.170

Bond, Shaun A. and Mitchell, Paul (2010).Alpha and persistence in real estate fund performance. The Journal of Real Estate Finance and Economics, 41 (1), 53-79. doi: 10.1007/s11146-009-9230-y

Bond, Shaun and Eichholtz, Piet (2008).Maastricht–Cambridge–MIT Symposium 2006 : Editors’ Introduction. The Journal of Real Estate Finance and Economics, 36 (4), 365-366. doi: 10.1007/s11146-008-9110-x

Bond, Shaun A., Loizou, Pavlos and McAllister, Patrick (2007).Lease maturity and initial rent: Is there a term structure for UK commercial property leases?. The Journal of Real Estate Finance and Economics, 36 (4), 451-469. doi: 10.1007/s11146-007-9096-9

Bond, Shaun A. and Hwang, Soosung (2007).Smoothing, nonsynchronous appraisal and cross-sectional aggregation in real estate price indices. Real Estate Economics, 35 (3), 349-382. doi: 10.1111/j.1540-6229.2007.00193.x

Bond, S. A., Hwang, S., Lin, Z. and Vandell, K. (2007).Marketing period risk in a portfolio context: Theory and empirical estimates from the UK commercial real estate market. Journal of Real Estate Finance and Economics, 34 (4), 447-461. doi: 10.1007/s11146-007-9022-1

Bond, Shaun A., Hwang, Soosung, Mitchell, Paul and Satchell, Stephen E. (2007).Will private equity and hedge funds replace real estate in mixed-asset portfolios? Not likely. Journal of Portfolio Management, 33 (SPEC. ISS.), 74-84. doi: 10.3905/jpm.2007.698908

Bond, Shaun A. and Satchell, Stephen E. (2006).Asymmetry, Loss Aversion, and Forecasting*. The Journal of Business, 79 (4), 1809-1830. doi: 10.1086/503649

Bond, Shaun A. and Satchell, Stephen E. (2006).Asymmetry and downside risk in foreign exchange markets. The European Journal of Finance, 12 (4), 313-332. doi: 10.1080/13518470500459808

Bond, Shaun A, Hwang, Soosung and Richards, Kimberley (2006).Optimal allocation to real estate incorporating illiquidity risk. Journal of Asset Management, 7 (1), 2-16. doi: 10.1057/palgrave.jam.2240197

Bond, Shaun A. and Hwang, Soosung (2003).A measure of fundamental volatility in the commercial property market. Real Estate Economics, 31 (4), 577-600. doi: 10.1046/j.1080-8620.2003.00077.x

Bond, Shaun A., Karolyi, G. Andrew and Sanders, Anthony B. (2003).International real estate returns: A multifactor, multicountry approach. Real Estate Economics, 31 (3), 481-500. doi: 10.1111/1540-6229.00074

Bond, Shaun A. and Satchell, Stephen E. (2002).Statistical properties of the sample semi-variance. Applied Mathematical Finance, 9 (4), 219-239. doi: 10.1080/1350486022000015850

Conference Papers

Bond, Shaun A., Dungey, Mardi and Fry, Renée (2006).A web of shocks: Crises across Asian real estate markets. New York, NY, United States: Springer New York LLC. doi: 10.1007/s11146-006-6800-0

Bond, Shaun A. and Patel, Kanak (2003).The conditional distribution of real estate returns: Are higher moments time varying?. New York, NY, United States: Springer New York LLC. doi: 10.1023/a:1022939127383

Research Report

Hiller, Michael, Jenkinson, Lisa, Kastelle, Tim, Barrett, Andrew, Bond, Shaun, Miller, Andy, Bongiovanni, Ivano, Wilson, Andrew, Brown, Dan, Hubbard, Ellie, McLennan, Kelly, Schleicher, Sabine, Clark, Samantha, Wang, Jie, Gabby Walters and Meath, Cristyn (2022).Building business resilience. Brisbane, QLD, Australia: KPMG/The University of Queensland.