Overview
biography
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Dr. Hardin has an extensive publication record in the top real estate journals. His work has been published in Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Journal of Real Estate Portfolio Management, Journal of Real Estate Practice and Education, Journal of Property Investment and Finance, International Real Estate Review, Journal of Property Valuation and Investment, Journal of Shopping Center Research, and Assessment Journal. He has also presented his research at major real estate and finance conferences including those of the American Real Estate Society, the Asian Real Estate Society, the American Real Estate and Urban Economics Association, and the Financial Management Association.
Dr. Hardin is co-editor of Journal of Real Estate Practice and Education and is an elected member of the board of directors of the American Real Estate Society. He also serves on the editorial review board of The Appraisal Journal. Four of his papers have won best manuscript awards at the annual American Real Estate Society meetings.
Prior to joining the faculty of Florida International University, Dr. Hardin held the Robert W. Warren Chair of Real Estate at Mississippi State University, where he directed both the real estate and construction management programs, and served on the faculty of Morehouse College in Atlanta, GA.
research interests
- Commercial Real Estate; Mortgage Choice and Finance; Real Estate Brokerage; Real Estate Finance; Real Estate Pricing, Valuation
Scholarly & Creative Works
selected scholarly works & creative activities
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Article
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2023Investment and Capital Improvements in Commercial Real Estate: The Case of REITs. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS.Full Text via DOI: 10.1007/s11146-023-09965-w
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2022REIT Chief Executive Officer (CEO) Compensation in the New Era. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS.Full Text via DOI: 10.1007/s11146-022-09892-2 Web of Science: 000769310300001
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2022Culture, Wealth, Gender, Real Estate, and Consumption in China: It's a Boy. JOURNAL OF REAL ESTATE RESEARCH. 45:55-82.Full Text via DOI: 10.1080/08965803.2022.2045053 Web of Science: 000782696300001
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2021Rewarding a Long-Term Investment Strategy: REITs. JOURNAL OF REAL ESTATE RESEARCH. 44:56-79.Full Text via DOI: 10.1080/08965803.2021.2001896 Web of Science: 000734267100001
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2020Housing, Wealth, Income and Consumption: China and Homeownership Heterogeneity. REAL ESTATE ECONOMICS. 48:373-405.Full Text via DOI: 10.1111/1540-6229.12245 Web of Science: 000534667600002
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2020Employee productivity and REIT performance. REAL ESTATE ECONOMICS. 50:59-88.Full Text via DOI: 10.1111/1540-6229.12307 Web of Science: 000506170400001
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2020Do Traditional Real Estate ETFs Increase the Volatility of REITs?. JOURNAL OF REAL ESTATE RESEARCH. 42:439-475.Full Text via DOI: 10.1080/08965803.2020.1844534 Web of Science: 000607873100001
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2019The housing price premium associated with charter schools. REAL ESTATE ECONOMICS. 49:1267-1289.Full Text via DOI: 10.1111/1540-6229.12306 Web of Science: 000504318800001
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2019REIT Operational Efficiency and Shareholder Value. JOURNAL OF REAL ESTATE RESEARCH. 41:513-553.Web of Science: 000502082500001
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2019REIT Operational Efficiency: Performance, Risk, and Return. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 58:408-437.Full Text via DOI: 10.1007/s11146-018-9655-2 Web of Science: 000460485800003
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2019Firm and industry informational content from REIT FFO announcementsFull Text via DOI: 10.1080/09599916.2019.1589554 Web of Science: 000470289600001
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2018The Capitalization of School Quality into Renter and Owner Housing. REAL ESTATE ECONOMICS. 46:85-119.Full Text via DOI: 10.1111/1540-6229.12195 Web of Science: 000425595600003
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2018Real Estate Market Segmentation: Hotels as Exemplar. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 56:252-273.Full Text via DOI: 10.1007/s11146-017-9598-z Web of Science: 000422983000004
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2017Inflation Illusion, Expertise and Commercial Real Estate. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 55:345-369.Full Text via DOI: 10.1007/s11146-016-9587-7 Web of Science: 000409979000004
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2017Institutional Monitoring, Motivated Investors, and Firm Performance. JOURNAL OF REAL ESTATE RESEARCH. 39:401-439.Web of Science: 000415345300005
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2017Foreclosure, REO, and Market Sales in Residential Real Estate. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 54:188-215.Full Text via DOI: 10.1007/s11146-015-9544-x Web of Science: 000392338800003
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2015Does Time-on-Market Measurement Matter?. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 50:52-73.Full Text via DOI: 10.1007/s11146-013-9450-z Web of Science: 000348060400003
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2014Performance Chasing, Fund Flows and Fund Size in Real Estate Mutual Funds. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 49:379-412.Full Text via DOI: 10.1007/s11146-013-9444-x Web of Science: 000341750400004
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2014FRICTIONS AND THE CONTRIBUTION OF INVENTORY TO SHAREHOLDER WEALTH. JOURNAL OF FINANCIAL RESEARCH. 37:385-403.Full Text via DOI: 10.1111/jfir.12041 Web of Science: 000209713900005
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2014Long memory in REIT volatility and changes in the unconditional mean: a modified FIGARCH approachFull Text via DOI: 10.1080/09599916.2013.877063 Web of Science: 000415491000003
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2013Transaction Frequency and Commercial Property. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 47:640-658.Full Text via DOI: 10.1007/s11146-013-9434-z Web of Science: 000325971200004
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2013Price, Place, People, and Local Experience. JOURNAL OF REAL ESTATE RESEARCH. 35:477-505.Web of Science: 000330487300004
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2013Dividends, Values and Agency Costs in REITs. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 46:91-114.Full Text via DOI: 10.1007/s11146-011-9314-3 Web of Science: 000313063000004
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2012Information Asymmetry and Corporate Liquidity Management: Evidence from Real Estate Investment Trusts. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 45:678-704.Full Text via DOI: 10.1007/s11146-010-9284-x Web of Science: 000308442500007
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2012REIT Dividend Policies and Dividend Announcement Effects During the 2008-2009 Liquidity Crisis. REAL ESTATE ECONOMICS. 40:387-421.Full Text via DOI: 10.1111/j.1540-6229.2011.00324.x Web of Science: 000308086900001
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2012Dividend Size, Yield, Clienteles and REITs. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 45:435-449.Full Text via DOI: 10.1007/s11146-010-9276-x Web of Science: 000306175800008
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2012Market Value of REIT Liquidity. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 45:383-401.Full Text via DOI: 10.1007/s11146-010-9280-1 Web of Science: 000306175800006
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2012REIT Stock Prices with Inflation Hedging and Illusion. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 45:262-287.Full Text via DOI: 10.1007/s11146-010-9259-y Web of Science: 000305403000013
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2012The Corporate Governance Premium, Returns, and Mutual Funds. FINANCIAL REVIEW. 47:299-326.Full Text via DOI: 10.1111/j.1540-6288.2012.00330.x Web of Science: 000210719300004
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2011Credit Line Availability and Utilization in REITs. JOURNAL OF REAL ESTATE RESEARCH. 33:507-530.Web of Science: 000298773300003
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2010Banking Relationships and REIT Capital Structure. REAL ESTATE ECONOMICS. 38:257-284.Full Text via DOI: 10.1111/j.1540-6229.2010.00267.x Web of Science: 000277976000004
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2009Brokerage Intermediation in the Commercial Property Market. JOURNAL OF REAL ESTATE RESEARCH. 31:397-420.Web of Science: 000273149200002
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2009Ownership Structure, Property Performance, Multifamily Properties, and REITs. JOURNAL OF REAL ESTATE RESEARCH. 31:285-306.Web of Science: 000269903600002
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2009The Determinants of REIT Cash Holdings. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 39:39-57.Full Text via DOI: 10.1007/s11146-007-9103-1 Web of Science: 000267224300003
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2009Bank Mergers, REIT Loan Pricing and Takeover Likelihood. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 38:275-301.Full Text via DOI: 10.1007/s11146-008-9150-2 Web of Science: 000266559100006
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2008Finance editorial board membership and research productivity. REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING. 31:225-240.Full Text via DOI: 10.1007/s11156-007-0067-2 Web of Science: 000210620200001
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2008Clientele effects and condo conversions. REAL ESTATE ECONOMICS. 36:611-634.Full Text via DOI: 10.1111/j.1540-6229.2008.00224.x Web of Science: 000258078300007
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2008The internationalization of real estate research. JOURNAL OF REAL ESTATE RESEARCH. 30:91-124.Web of Science: 000253920500005
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2007Institutional-grade properties: Performance and ownership. JOURNAL OF REAL ESTATE RESEARCH. 29:221-240.
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2007Institutional-grade properties: Performance and ownership. JOURNAL OF REAL ESTATE RESEARCH. 29:219-240.Web of Science: 000249710200001
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2007REITs, decimalization, and ex-dividend stock prices. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 34:499-511.Full Text via DOI: 10.1007/s11146-007-9024-z Web of Science: 000246739000004
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2006Local presence, scale and vertical integration: Brands as signals. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 33:389-403.Full Text via DOI: 10.1007/s11146-006-0339-y Web of Science: 000242296500005
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2005Real Estate Investment Trusts and Calendar Anomalies: RevisitedFull Text via DOI: 10.53383/100061
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2005REIT stock splits and market efficiency. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 30:297-315.Full Text via DOI: 10.1007/s11146-005-6409-8
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2004Presidential election cycles and the turn-of-the-month effect. SOCIAL SCIENCE QUARTERLY. 85:958-973.Full Text via DOI: 10.1111/j.0038-4941.2004.00253.x
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2003Apartment security: A note on gated access and rental rates. JOURNAL OF REAL ESTATE RESEARCH. 25:145-157.
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2002Farmland investment under conditions of certainty and uncertainty. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 25:81-98.Full Text via DOI: 10.1023/A:1015376818630
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2002The ex-dividend pricing of REITs. REAL ESTATE ECONOMICS. 30:533-549.Full Text via DOI: 10.1111/1540-6229.t01-1-00049
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2001Neighborhood Center Image and Rents. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 23:31-46.Full Text via DOI: 10.1023/A:1011112707018
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2000Micro-Market Determinants of Neighborhood Center Rental Rates. JOURNAL OF REAL ESTATE RESEARCH. 20:299-322.Full Text via DOI: 10.1080/10835547.2000.12091037
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1999Disaggregation of Local Apartment Markets by Unit Type. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS. 19:243-257.Full Text via DOI: 10.1023/A:1007884628153
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1999Equity REIT Property Acquisitions: Do Apartment REITs Pay a Premium?. JOURNAL OF REAL ESTATE RESEARCH. 17:113-126.Full Text via DOI: 10.1080/10835547.1999.12090964
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1998Challenges, Risks and Returns in Single-Tenant Retail DevelopmentFull Text via DOI: 10.1080/10835547.1998.12091552
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1998Executive Compensation in EREITs: EREIT Size is but One Determinant. JOURNAL OF REAL ESTATE RESEARCH. 16:401-410.Full Text via DOI: 10.1080/10835547.1998.12090957
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1998Real Estate Portfolio Risk Reduction through Intracity DiversificationFull Text via DOI: 10.1080/10835547.1998.12089547
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Disaggregating neighborhood and community center property types. JOURNAL OF REAL ESTATE RESEARCH. 28:167-192.Web of Science: 000241871600004
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Influential journals, institutions and researchers in real estate. REAL ESTATE ECONOMICS. 34:457-478.Full Text via DOI: 10.1111/j.1540-6229.2006.00174.x Web of Science: 000240199200005
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REIT dividend determinants: Excess dividends and capital markets. REAL ESTATE ECONOMICS. 36:349-369.Full Text via DOI: 10.1111/j.1540-6229.2008.00216.x Web of Science: 000255495900006
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Conference
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Other Scholarly Work
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2023Investment and Capital Improvements in Commercial Real Estate: The Case of REITs. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS.Full Text via DOI: 10.1007/s11146-023-09967-8 Web of Science: 001169233900001
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Preprint
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2021REIT Chief Executive Officer (CEO) Compensation in the New EraFull Text via DOI: 10.2139/ssrn.3983347
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2021The Rewards of a Long-Term Investment Strategy: Case of REITsFull Text via DOI: 10.2139/ssrn.3828769
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2020It's a Boy! Culture, Wealth, Real Estate and Consumption in ChinaFull Text via DOI: 10.2139/ssrn.3746080
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2015Financial and Housing Wealth, Expenditures and the Dividend to OwnershipFull Text via DOI: 10.2139/ssrn.2718332
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Review
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Scholarly Edition
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2017Financial and Housing Wealth, Expenditures and the Dividend to Ownership. 58-96.Full Text via DOI: 10.1007/s11146-015-9540-1 Web of Science: 000392114100003
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2014Wealth, Composition, Housing, Income and Consumption. 221-243.Full Text via DOI: 10.1007/s11146-012-9390-z Web of Science: 000330767800001
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Research
principal investigator on
- Real Estate Returns and Inflation Illusion. awarded by FIU Foundation 2008 - 2009
Contact
full name
- William Hardin
Identifiers
ORCID iD
- https://orcid.org/0000-0001-7781-4107 (confirmed)
visualizations
publication subject areas
Citation index-derived subject areas the researcher has published in