Tobias Mühlhofer
Full-Time Faculty
Clinical Professor
Finance
| Office |
DBMQ 2121 |
| Website | |
| CV |
Education
PhD, London School of Economics and Political Science
Teaching
Real Estate Finance
Empire Asset Pricing
Publications
- Alternative Benchmarks for evalsuating Mutual Fund Performance. Joint with Jay Hartzell and Sheridan Titman. Published in Real Estate Economics, 38(1), Spring 2010, 121-154.
Please contact me if you would like data for the characteristic-based benchmarks from this paper.
- Why do REIT Returns Poorly Reflect Property Returns? Unrealizable Appreciation Gains due to Trading Constraints as the Solution to the Short-Term Disparity. Published in Real Estate Economics, 41, 2013, 814-857.
- Market Timing and Investment Selection: Evidence from Real Estate Investors. Joint with Yael Hochberg. Published in Journal of Financial and Quantitative Analysis, December 2017, 52(6), 2643-2675..
- They Would if They Could: Assessing the Bindingness of the Property Holding Constraints for REITs. Published in Real Estate Economics, 47(2), Summer 2019, 431-477..
- Heuristic Fund Allocations Decisions Joint with Alok Kumar, and Ravi Sastry. Revise and Resubmit, Financial Management.
- Leverage Cycles in a Mature Asset Class: New Evidence from Commercial Property Markets Joint with Bob Connolly. Revise and Resubmit, Real Estate Economics.
- Do Stock Prices Move too Much to be Justified by Changes in Cash Flows? New Evidence from Parallel Asset Markets. Joint with Andrey Ukhov.
- Assessing Proxies for Market Prices of Thinly Traded Assets with Scheduled Cash Flows. Joint with Wally Boudry, Crocker Liu, and Walt Tourous.
- The Influence of Benchmarking on Portfolio Choices: The Effect of Sector Funds. Joint with Jay Hartzell and Sheridan Titman.
- Capital-Market Competitiveness and Managerial Investment Decisions: Evidence from Commercial Real Estate. Joint with Yael Hochberg.
- Trading Constraints and the Investment Value of Real Estate Investment Trusts: An Empirical Examination. Doctoral thesis, London School of Economics.