CEO Compensation and Real Estate Prices: Are CEOs Paid for Pure Luck?
We study the sensitivity of CEO compensation to luck using real estate prices to differentiate changes in compensation due to pure luck from changes in compensation due to reactions to lucky events. More
Real Estate Prices and Firm Capital Structure
This paper examines the impact of real estate prices on firm capital structure decisions. More
Within-Bank Spillovers of Real Estate Shocks
We estimate the reaction of banks to capital losses induced by reductions in real estate prices. More
Real Estate as a Luxury Good: Non-Resident Demand and Property Prices in Paris
This paper examines how the international demand for luxury consumption affects the real estate market in global hotspots. More