Nicholas X. Wonder
Western Washington University
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Publication
Featured researches published by Nicholas X. Wonder.
Real Estate Economics | 2010
Robert H. Edelstein; Antoni Sureda-Gomila; Branko Urosevic; Nicholas X. Wonder
We study ownership dynamics of multiple strategic risk-averse insiders facing a moral hazard problem. We show that, when insiders cannot commit, ex ante, to an ownership policy, the aggregate insider stake gradually declines toward the competitive market allocation. Both the speed of adjustment and the long-term equilibrium aggregate insider ownership level are greater for companies with a larger number of insiders, ceteris paribus. Using data from U.S. real estate investment trusts, we then test the model and find that the predictions of the model are verified empirically.
The Quarterly Review of Economics and Finance | 2005
Paul Fieten; Lutz Kruschwitz; Jörg Laitenberger; Andreas Löffler; Joseph Tham; Ignacio Velez-Pareja; Nicholas X. Wonder
Journal of Consumer Affairs | 2008
Nicholas X. Wonder; Wendy Wilhelm; David R. Fewings
Journal of Real Estate Finance and Economics | 2005
Robert H. Edelstein; Branko Urosevic; Nicholas X. Wonder
Social Science Research Network | 2001
Joseph Tham; Nicholas X. Wonder
Social Science Research Network | 2001
Joseph Tham; Nicholas X. Wonder
Journal of Economics and Business | 2006
Nicholas X. Wonder
Social Science Research Network | 2002
Joseph Tham; Nicholas X. Wonder
Social Science Research Network | 2002
Joseph Tham; Nicholas X. Wonder
Social Science Research Network | 2003
Nicholas X. Wonder; Paul Fieten; Lutz Kruschwitz; Jörg Laitenberger; Andreas Loeffler; Joseph Tham; Ignacio Velez-Pareja
