Real estate market transparency and default on mortgages

Hassan F. Gholipour; Reza Tajaddini; Thi Ngoc Tram Pham

doi:10.1016/j.ribaf.2020.101202

Real estate market transparency and default on mortgages

Hassan F. Gholipour, Reza Tajaddini, Thi Ngoc Tram Pham

Western Sydney University

Research output: Contribution to journal › Article › peer-review

Abstract

This paper investigates the relationship between real estate market transparency (RET) and default on mortgages (DOM). Using data from 46 countries for the period of 2006–2016, we find evidence that there is a negative and significant relationship between RET and DOM. This result is robust with the inclusion of control variables and different estimation methods including panel fixed effects and generalized method of moments (GMM). We also find that the association between RET and DOM is more apparent in emerging economies than high-income countries.

Original language	English
Article number	101202
Number of pages	10
Journal	Research in International Business and Finance
Volume	53
DOIs	https://doi.org/10.1016/j.ribaf.2020.101202
Publication status	Published - 2020

Keywords

mortgages
real property
transparency

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10.1016/j.ribaf.2020.101202

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@article{0e329bc76e0443db9c9adc844400343c,

title = "Real estate market transparency and default on mortgages",

abstract = "This paper investigates the relationship between real estate market transparency (RET) and default on mortgages (DOM). Using data from 46 countries for the period of 2006–2016, we find evidence that there is a negative and significant relationship between RET and DOM. This result is robust with the inclusion of control variables and different estimation methods including panel fixed effects and generalized method of moments (GMM). We also find that the association between RET and DOM is more apparent in emerging economies than high-income countries.",

keywords = "mortgages, real property, transparency",

author = "Gholipour, {Hassan F.} and Reza Tajaddini and Pham, {Thi Ngoc Tram}",

year = "2020",

doi = "10.1016/j.ribaf.2020.101202",

language = "English",

volume = "53",

journal = "Research in International Business and Finance",

issn = "0275-5319",

publisher = "Elsevier",

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T1 - Real estate market transparency and default on mortgages

AU - Gholipour, Hassan F.

AU - Tajaddini, Reza

AU - Pham, Thi Ngoc Tram

PY - 2020

Y1 - 2020

N2 - This paper investigates the relationship between real estate market transparency (RET) and default on mortgages (DOM). Using data from 46 countries for the period of 2006–2016, we find evidence that there is a negative and significant relationship between RET and DOM. This result is robust with the inclusion of control variables and different estimation methods including panel fixed effects and generalized method of moments (GMM). We also find that the association between RET and DOM is more apparent in emerging economies than high-income countries.

AB - This paper investigates the relationship between real estate market transparency (RET) and default on mortgages (DOM). Using data from 46 countries for the period of 2006–2016, we find evidence that there is a negative and significant relationship between RET and DOM. This result is robust with the inclusion of control variables and different estimation methods including panel fixed effects and generalized method of moments (GMM). We also find that the association between RET and DOM is more apparent in emerging economies than high-income countries.

KW - mortgages

KW - real property

KW - transparency

UR - https://hdl.handle.net/1959.7/uws:56160

U2 - 10.1016/j.ribaf.2020.101202

DO - 10.1016/j.ribaf.2020.101202

M3 - Article

SN - 0275-5319

VL - 53

JO - Research in International Business and Finance

JF - Research in International Business and Finance

M1 - 101202

ER -

Real estate market transparency and default on mortgages

Abstract

Keywords

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