Estimating Market Values from Appraised Values without Assuming an Efficient Market

By David M. Geltner. 2009

288 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/be8dfcbe64a65f94fb1c6fa6098cc2ab1d890039

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Jannes van Loon
2. Elias Oikarinen
3. Martin Hoesli
4. M. Aalbers
5. Camilo Serrano
6. Desiree Fields
7. Rodrigo Fernandez
8. Gertjan Wijburg

Citations in the corpus

• How real estate became ‘just another asset class’: the financialization of the investment strategies of Dutch institutional investors (2017, methodology): “A technique developed by Geltner (1993), which estimated real estate’s volatility in a mathematical way, also enabled the analysis of real estate in the same financial language as shares.”
• The Long-Run Dynamics between Direct and Securitized Real Estate (2011, background): “Moreover, Geltner and Kluger (1998) and Pagliari, Scherer and Monopoli (2005) find that REIT returns lead the direct returns even after making adjustments for leverage and appraisal smoothing. Pagliari, Scherer and Monopoli (2005) also control for the potential effect of property-type mix.”