Martin Hoesli

TL;DR: In this paper, the determinants of the capital structure for a panel of Swiss companies listed in the Swiss stock exchange were analyzed for the period 1991-2000, and it was found that the size of companies and the importance of tangible assets are positively related to leverage, while growth and profitability are negatively associated with leverage.

TL;DR: In this article, a large urban housing market is divided into sub-markets and the effects of alternative definitions of sub-market on the accuracy of predictions are explored, and the authors conclude that housing submarkets matter, and location plays the major role in explaining why they matter.

TL;DR: In this paper, a statistical method for defining housing sub-markets was developed using household survey data for Sydney and Melbourne, Australia, and applied using principal component analysis (PCA) to extract a set of factors from the original variables for both local government area (LGA) data and a combined set of LGA and individual dwelling data.

TL;DR: In this paper, a large urban housing market is divided into sub-markets and the effects of alternative definitions of sub-market on the accuracy of predictions are explored, and the authors conclude that housing submarkets matter, and location plays the major role in explaining why they matter.

TL;DR: In this article, the authors compared alternative methods of controlling for the spatial dependence of house prices in a mass appraisal context and concluded that the gains in accuracy from including submarket variables in an ordinary least squares specification are greater than any benefits from using geostatistical or lattice methods.