Now showing items 668-687 of 2015

    • Farm Mechanization and Rural Migration in the Great Depression 

      Boone, Christopher; Wilse-Samson, Laurence (2019-01-14)
      We study sectoral labor realloaction in the U.S. during the Great Depression by examining transitions between the farm and nonfarm sectors as well as movement within the farm sector. Towns and cities that are hit harder ...
    • Female Executives in Hospitality: Reflections on Career Journeys and Reaching the Top 

      Walsh, Kate; Fleming, Susan; Enz, Cathy A. (2014-02-01)
      Structured interviews with twenty women who are top corporate executives or entrepreneurs in the hospitality industry revealed the talent, resourcefulness, and support required to achieve such a position. During the ...
    • Fifteen Years of Rebuilding the World Trade Center 

      Farrell, Matthew (2017-06-01)
      September 11, 2001 stands in history as one of the most tragic days this country has ever known. And nowhere was that tragedy felt more keenly than in New York City, where a senseless act of terrorism claimed the lives of ...
    • Financial Flexibility and Manager-Shareholder Confict: Evidence from REITs 

      RIddiough, Timothy; Steiner, Eva (2017-10-24)
      Using equity REIT data, we show empirically that the use of unsecured debt, which contains standardized covenants that place limits on total leverage and the use of secured debt, is associated with lower leverage outcomes. ...
    • Financial Flexibility and Manager-Shareholder Conflict: Evidence from REITs 

      Riddiough, Timothy; Steiner, Eva (2017-06-01)
      We show empirically that the use of unsecured debt, which contains standardized covenants that place limits on total leverage and the use of secured debt, is associated with lower and more stable leverage outcomes. We then ...
    • Financial Globalization and Risk Sharing: Welfare Effects and the Optimality of Open Markets 

      Trzcinka, Charles A.; Ukhov, Andrey D. (2006-01-01)
      To study the welfare effects of investment barriers and the opening of markets to foreigners, we construct an equilibrium model of international asset pricing without agency costs that allows endogenous market participation ...
    • Financial Innovation and Russian Government Debt Before 1918 

      Ukhov, Andrey D. (2003-05-05)
      In this paper I describe debt instruments issued by the Russian Imperial Government. At the beginning of the 20th century, the Russian government was the largest borrower in the world. Russian government bonds were traded ...
    • Financial Planning for Real Estate Production Decisions 

      Balogh, Colin; Corgel, John B.; Logan, Gregg (1987-04-01)
      Recently, the production and service components of the real estate business have evolved from collections of mom and pop operations to full-fledged industries comprised of highly competitive, small and medium-sized firms. ...
    • Findings from the 2015 Institutional Real Estate Capital Allocations Monitor 

      Green, Matthew (2016-06-01)
      Since 2013, the Baker Program in Real Estate and Hodes Weill & Associates have co-sponsored the Institutional Real Estate Capital Allocations Monitor (the “Allocations Monitor”). The Allocations Monitor was created to ...
    • First Quarter 2012: Have We Turned the Corner? 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2012-05-01)
      In our inaugural issue of the Cornell Hotel Index series, we introduced three new quarterly metrics to monitor real estate activity in the hotel market. These are a large hotel index (hotel transactions of $10 million or ...
    • First Quarter 2013: Is the Trend Our Friend? 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2013-05-01)
      The Cornell Hotel Indices reveal that the hotel industry is continuing to experience positive price momentum for small hotels with a continued weakening in price for larger hotels. Hotel properties also exhibit a narrowing ...
    • First Quarter 2014: Prices Have Not Caught Up to Growth in RevPAR 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2014-04-01)
      Hotel prices are not yet reflecting the positive momentum in RevPAR. However, we expect prices for hotel properties to rise in the next quarter based on our repeat sales index. A comparison of current operating yields ...
    • First Quarter 2015: March Madness: Hotels Remain Hot 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2015-04-01)
      The borrowing cost of debt financing continues to remain stable, while the cost of equity financing has declined relative to the previous period. Mixed signals exist as to the future direction in the price of large hotel ...
    • First Quarter 2016: Second Verse, Same as the First 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2016-04-12)
      Our Standardized Unexpected Price (SUP) metric continues to show a decline in the price of large hotels and positive momentum for the price of small hotels. Although investors are currently experiencing positive leverage, ...
    • First Quarter 2017: Status Quo Maintained 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2017-04-13)
      Our Standardized Unexpected Price (SUP) metric indicates that the price momentum of large and small hotels continues to revert to the mean, with the cost of debt financing for hotels declining slightly. However, we expect ...
    • First Quarter 2018: Introducing Our Gateway Cities Index 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2018-04-19)
      Hotels in gateway cities have outperformed hotels in non-gateway cities, with hotels in gateway locations rising 10 percent in the past year, compared to 6 percent for those in non-gateway cities. Hotel operating performance ...
    • First Quarter 2019: Déjà Vu All Over Again: Reliving Groundhog Day 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2019-04-01)
      Hotels in non-gateway cities outperformed those in gateway cities for the first time since the first quarter of 2006. That said, overall hotel financial performance still stands at breakeven, with operating profit similar ...
    • First Quarter 2020: Gird Your Loins 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2020-04-01)
      Hotels in all regions experienced negative price momentum this quarter with hotels in the New England area having the worst price performance. Hotels located in gateway cities were especially hard hit. Hotel financial ...
    • Fitting Restaurant Service Style to Brand Image for Greater Customer Satisfaction 

      Giebelhausen, Michael D.; Chan, Evelyn; Sirianni, Nancy J. (2016-04-04)
      Supported by academic researchers, the restaurant industry has devoted enormous effort to the task of conceptualizing and developing measures of “service quality,” 1 based on the reasonable proposition that restaurant ...
    • Focus on Finance: Aiming for Restaurant Success 

      Susskind, Alex M.; Spies, Rupert (2011-01-01)
      [Excerpt] We all know that the most important thing about a restaurant—the thing that stands out and shapes a guest's experience—is the food. Not only that, but we can name other elements that are crucial to the guest's ...