IDEAS home Printed from https://ideas.repec.org/p/hhs/kthrec/2020_015.html
   My bibliography  Save this paper

Recent Trends in Real Estate Research: A Comparison of Recent Working Papers and Publications using Machine Learning Algorithms

Author

Listed:
  • Breuer, Wolfgang

    (RWTH Aachen University, Department of Finance, Aachen, Germany)

  • Steininger, Bertram

    (Department of Real Estate and Construction Management, Royal Institute of Technology)

Abstract

This paper is organized as follows. In Section 1, we describe the economic relevance of the real estate sector and its recent dynamics. Then, we identify the most mentioned keywords of working papers presented at the real estate conferences between 2015 and 2019 and showing network figures for them in Section 2. In order to identify the newest trends, we rely on working papers since they have an average lead time of at least 1 to 2 years before they are published. In addition, we give a short overview of the articles published in this special issue. To get a better overview of the relevance of real estate related topics in finance, we analyzed the most relevant finance conferences and journals between 2015 and May 2020 in Section 3. To find the topics, we apply the text mining approach Latent Dirichlet Allocation (LDA), an unsupervised machine learning method. The real estate trends (retail, e-commerce) and the potential impact of COVID-19 is described in Section 4.

Suggested Citation

  • Breuer, Wolfgang & Steininger, Bertram, 2020. "Recent Trends in Real Estate Research: A Comparison of Recent Working Papers and Publications using Machine Learning Algorithms," Working Paper Series 20/15, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
    • Handle: RePEc:hhs:kthrec:2020_015
    as

    Download full text from publisher

    File URL: http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-288123
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Marcelo Cajias & Philipp Freudenreich & Anna Freudenreich & Wolfgang Schäfers, 2020. "Liquidity and prices: a cluster analysis of the German residential real estate market," Journal of Business Economics, Springer, vol. 90(7), pages 1021-1056, August.
    2. Pfnür, Andreas & Wagner, Benjamin, 2020. "Transformation of the real estate and construction industry: empirical findings from Germany," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 121625, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    3. ., 2018. "Reprise: the new global politics of research," Chapters, in: The New Global Politics of Science, chapter 8, pages 158-177, Edward Elgar Publishing.
    4. Battistini, Niccolò & Le Roux, Julien & Roma, Moreno & Vourdas, John, 2018. "The state of the housing market in the euro area," Economic Bulletin Articles, European Central Bank, vol. 7.
    5. Andreas Pfnür & Benjamin Wagner, 2020. "Transformation of the real estate and construction industry: empirical findings from Germany," Journal of Business Economics, Springer, vol. 90(7), pages 975-1019, August.
    6. Pfnür, Andreas & Wagner, Benjamin, 2020. "Transformation of the real estate and construction industry: empirical findings from Germany," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 123131, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    7. Dyer, Travis & Lang, Mark & Stice-Lawrence, Lorien, 2017. "The evolution of 10-K textual disclosure: Evidence from Latent Dirichlet Allocation," Journal of Accounting and Economics, Elsevier, vol. 64(2), pages 221-245.
    8. Pfnür, Andreas & Wagner, Benjamin, 2020. "Transformation of the real estate and construction industry: empirical findings from Germany," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 122683, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    9. ., 2018. "The new global politics of research," Chapters, in: The New Global Politics of Science, chapter 1, pages 1-21, Edward Elgar Publishing.
    10. Florian Manz & Birgit Müller & Dirk Schiereck, 2020. "The pricing of European non-performing real estate loan portfolios: evidence on stock market evaluation of complex asset sales," Journal of Business Economics, Springer, vol. 90(7), pages 1087-1120, August.
    11. Schiereck, D. & Manz, F. & Müller, B., 2020. "The pricing of European non-performing real estate loan portfolios – Evidence on stock market evaluation of complex asset sales," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 124734, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dominik Engel & Philip Gärtner & Hans-Joachim Linke, 2021. "Der Zusammenhang zwischen Wohnungsgröße und Miethöhe in Deutschland und dessen Einfluss auf die Projektentwicklung [The correlation of apartment size and rent in Germany and its influence on projec," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 7(2), pages 99-119, October.
    2. repec:thr:techub:10015:y:2021:i:1:p:230-252 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Voll, Kyra & Gauger, Felix & Pfnür, Andreas, 2022. "CREM perspective on home office—a consideration of the workplace and its mechanisms of action," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 133077, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    2. Isabelle Wrase, 2023. "An Analysis of Sustainability in Real Estate in Job Advertisements and Personal Profiles in Switzerland," Sustainability, MDPI, vol. 15(12), pages 1-19, June.
    3. Fernanda Antunes Batista da Silva, 2021. "Flexible workspaces within corporate real estate," LARES lares-2021-4dqc, Latin American Real Estate Society (LARES).
    4. Huihui Liu & Hui Yu & Hongmin Zhou & Xiantang Zhang, 2023. "Research on the Influencing Factors of Construction Enterprises’ Digital Transformation Based on DEMATEL-TAISM," Sustainability, MDPI, vol. 15(12), pages 1-22, June.
    5. Benjamin Wagner & Andreas Pfnür, 2022. "Veränderungen für Projektentwickler in der immobilienwirtschaftlichen Transformation – Netzwerkanalyse und Stakeholder-Interviews zur Bestimmung handlungsrelevanter Einflüsse und strategischer Anpassu," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 8(1), pages 35-78, April.
    6. Priyadarshini Das & Amer A. Hijazi & Duncan W. Maxwell & Robert C. Moehler, 2023. "Can Business Models Facilitate Strategic Transformation in Construction Firms? A Systematic Review and Research Agenda," Sustainability, MDPI, vol. 15(17), pages 1-20, August.
    7. Kyra Voll & Felix Gauger & Andreas Pfnür, 2022. "CREM perspective on home office—a consideration of the workplace and its mechanisms of action [CREM Perspektive auf Heimarbeit – eine Betrachtung ausgewählter Wirkungsmechanismen des Arbeitsorts]," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 8(2), pages 139-171, October.
    8. Alexandra Z. Marouli & Eugenia N. Giannini & Yannis D. Caloghirou, 2023. "A Non-Performing Loans (NPLs) Portfolio Pricing Model Based on Recovery Performance: The Case of Greece," Risks, MDPI, vol. 11(5), pages 1-17, May.
    9. Saibal Ghosh, 2020. "Access to and use of finance in India: does religion matter?," Indian Economic Review, Springer, vol. 55(1), pages 67-92, June.
    10. Ioannou, Petros & Giuliano, Genevieve & Dessouky, Maged & Chen, Pengfei & Dexter, Sue, 2020. "Freight Load Balancing and Efficiencies in Alternative Fuel Freight Modes," Institute of Transportation Studies, Working Paper Series qt3ns4b894, Institute of Transportation Studies, UC Davis.
    11. Fan, Jing-Li & Xu, Mao & Li, Fengyu & Yang, Lin & Zhang, Xian, 2018. "Carbon capture and storage (CCS) retrofit potential of coal-fired power plants in China: The technology lock-in and cost optimization perspective," Applied Energy, Elsevier, vol. 229(C), pages 326-334.
    12. Ainsley Elbra, 2020. "Fool’s Gold: Business Power and the Evolution of the Conflict‐free Gold Standard," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 336-346, May.
    13. Pinto, Inês & Morais, Ana Isabel & Quick, Reiner, 2020. "The impact of the precision of accounting standards on the expanded auditor’s report in the European Union," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 40(C).
    14. McCannon, Bryan & Zhou, Yang & Hall, Joshua, 2021. "Measuring a Contract’s Breadth: A Text Analysis," Working Papers 11013, George Mason University, Mercatus Center.
    15. Yi Yang & Kunpeng Zhang & Yangyang Fan, 2023. "sDTM: A Supervised Bayesian Deep Topic Model for Text Analytics," Information Systems Research, INFORMS, vol. 34(1), pages 137-156, March.
    16. Chychyla, Roman & Leone, Andrew J. & Minutti-Meza, Miguel, 2019. "Complexity of financial reporting standards and accounting expertise," Journal of Accounting and Economics, Elsevier, vol. 67(1), pages 226-253.
    17. Pastwa, Anna M. & Shrestha, Prabal & Thewissen, James & Torsin, Wouter, 2021. "Unpacking the black box of ICO white papers: a topic modeling approach," LIDAM Discussion Papers LFIN 2021018, Université catholique de Louvain, Louvain Finance (LFIN).
    18. Allen H. Huang & Jianghua Shen & Amy Y. Zang, 2022. "The unintended benefit of the risk factor mandate of 2005," Review of Accounting Studies, Springer, vol. 27(4), pages 1319-1355, December.
    19. Elsayed, Mohamed & Elshandidy, Tamer, 2021. "Internal control effectiveness, textual risk disclosure, and their usefulness: U.S. evidence," Advances in accounting, Elsevier, vol. 53(C).
    20. Hans B. Christensen & Luzi Hail & Christian Leuz, 2021. "Mandatory CSR and sustainability reporting: economic analysis and literature review," Review of Accounting Studies, Springer, vol. 26(3), pages 1176-1248, September.

    More about this item

    Keywords

    Recent trends; Real estate; Machine learning; Latent Dirichlet Allocation; LDA;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:kthrec:2020_015. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cecilia Hermansson (email available below). General contact details of provider: https://edirc.repec.org/data/ifkthse.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.