Publications Database

Welcome to the new Schulich Peer-Reviewed Publication Database!

The database is currently in beta-testing and will be updated with more features as time goes on. In the meantime, stakeholders are free to explore our faculty’s numerous works. The left-hand panel affords the ability to search by the following:

  • Faculty Member’s Name;
  • Area of Expertise;
  • Whether the Publication is Open-Access (free for public download);
  • Journal Name; and
  • Date Range.

At present, the database covers publications from 2012 to 2020, but will extend further back in the future. In addition to listing publications, the database includes two types of impact metrics: Altmetrics and Plum. The database will be updated annually with most recent publications from our faculty.

If you have any questions or input, please don’t hesitate to get in touch.

 

Search Results

Rauf, M. A., & Weber, O. (2022). "Housing Sustainability: The Effects of Speculation and Property Taxes on House Prices within and beyond the Jurisdiction", Sustainability, 14(12), 7496.

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Abstract Housing plays an essential role in sustainable governance due to its socio-economic and environmental connection. However, the relationship between governance policies, market behavior, and socio-economic outcomes varies geographically and demographically. Therefore, segregated policies developed and implemented may fail to achieve their desired objectives because of the sensitivity of housing policies for their connection to human wellbeing. The effectiveness of housing policies in geographically connected regions is one of the areas that has received little attention in the Canadian context. The study follows a multi-step empirical method using a multiple linear regression model and a difference-in-difference approach to assessing the geographical variation of speculation and property taxes on housing markets. The study confirms that speculation taxes are not an effective tool in curbing house prices. Similarly, considering the role of property taxes in providing public services, delinking property taxes from a potential contributor to house prices would provide a better lens to develop local housing policies. Furthermore, the study also confirms that the housing market can be better assessed at a local scale, considering geographical influence in conjunction with investment trends.

Rauf, M. A., & Weber, O. (2020). "Urban Infrastructure Finance and its Relationship to Land Markets, Land Development, and Sustainability: A Case Study of the City of Islamabad, Pakistan", Environment, Development and Sustainability, 23, 5016–5034.

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Abstract This study addresses the connection between financialization of real-estate, individual investment objectives, and urban sustainability. It uses a survey approach to explore the relationship between the financialization of urban development and its influence on urban sustainability in a developing country. We found that the respondents prefer to invest in real-estate to achieve a return on investment, rather than to build a house to live in. This behavior increases urban sprawl resulting in a slower occupancy growth rate and causes a delay in the provision of basic amenities, hence affecting urban sustainability. We conclude that it is necessary to create a balance between urban land development requirements for housing needs, investment requirements for revenue generation, and individual savings requirements. The study contributes to the literature on financialization by adding the view of individual private investors to the research that mainly addresses institutional investors.

Chang, Q. and Devine, A. (2019). "The Financial Benefits to Retail Users of Environmentally Certified Space", Journal of Cleaner Production, 211, 1586-1599.

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Abstract Much research exists measuring income and valuation premiums to owners and operators of environmentally-certified real estate, yet little work examines the financial impact to the space users, outside of decreased utility costs. Such implications for space users are of great importance, as tenant businesses may be unwilling or unable to pay a rental rate premium for environmentally-certified space if there is not an associated user benefit. Under a simple yet rigorous fixed effects model with geographic clustering, we study the relationship between environmentally-certified retail space and location-specific financial performance. Examining retail bank branches, we find that LEED certified spaces are associated with above average deposit levels, while Energy Star-certified branches offer inconsistent results. These results are tested in an event study which validates the findings, and indicates that the benefits of LEED extend years past initial certification, evidencing lasting income-related benefits. Finally, bank- and branch-specific subsample analyses confirm these results while controlling for idiosyncratic characteristics.

Chang, Q. and Devine, A. (2019). "Environmentally-Certified Space and Retail Revenues: A Study of U.S. Bank Branches", Journal of Cleaner Production, 211, 1586-1599.

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Abstract Environmentally-certified Space and Retail Revenues: A Study of U.S. Bank Branches

Prisman, E. (2015). "Real Estate Transactions in Ancient Israel: Excavating Imbedded Options Utilizing Modern Finance", Financial History Review, 22(1), 107-132.

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Abstract An economic setting of ancient Jewish law is analyzed and reinterpreted in light of a modern formal financial model. Certain real estate transactions in ancient Israel, as stipulated in the Bible, involved embedded financial options that seem to have been overlooked by the commentators. This article interprets, utilizing modern financial theory, the biblical text and sheds light on a phrase used in stipulating these rules that has puzzled some commentators. The option's value and the complexity of the pricing system that would have been needed in order to capture true market prices of these assets are demonstrated.