Governmental Restrictions and Real Estate Investor Risk Perception by

URN to cite this document:: urn:nbn:de:bvb:355-epub-540201
DOI to cite this document:: 10.5283/epub.54020

Kaiser, Carina

; Freybote, Julia

; Schäfers, Wolfgang

License: Creative Commons Attribution 4.0
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Date of publication of this fulltext: 06 Apr 2023 08:27

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Abstract

We investigate the impact of governmental restrictions on the short-term risk perception, as proxied by the going-in cap rate, of investors in regional and neighborhood shopping centers. We use the COVID-19 pandemic as a natural experiment and proxy for the length and severity of COVID-19 restrictions with the political affiliation of state governors. Using a sample of 40 metropolitan statistical ...