Portrait Photo

Andy Naranjo

John B. Hall Prof & Chair
University of Florida,
Warrington College of Business
Finance, Insurance and Real Estate Department
PO Box 117168 Gainesville FL 32611
Stuzin Hall 309C
(352) 392-3781

Education

PhD - Financial and International Economics, Claremont Graduate University, 1994
MA - Economics, Claremont Graduate University, 1988
BS - Economics, University of California at Riverside, 1986

Research Areas

Asset Pricing, Real Estate Finance, International Finance, Corporate Finance, Financial Economics, Capital Market Linkages and Flows, Information Flows and Processing
Corporate Borrower Nationality and Global Presence: Cross Country Evidence on the Pricing of Syndicated Bank Loans
Published Year: 2012
Authors: Joel Houston Jenifer Itzkowitz Andy Naranjo
Do Real Estate Ownership and Leasing Decisions Affect a Non-Real Estate Firm's Stock Market Risk and Return?'
Published Year: 2006
Authors: D. Ling M. Ryngaert Andy Naranjo

The Effects of Purchases of Mortgages and Securitization by Government Sponsored Enterprises on Mortgage Yield Spreads and Volatility
Published Year: 2002
Authors: A. Toevs Andy Naranjo

Fundamental Determinants of Commercial Real Estate Returns'
Published Year: 1998
Authors: Andy Naranjo

An Analysis of the Linkages Between Macroeconomic Events and Commercial Real Estate Returns
Published Year: 1995
Authors: D. Ling Andy Naranjo
Asset Location, Timing Ability, and the Cross-Section of Commercial Real Estate Returns
Journal: Real Estate Economics
Accepted Year: 2018
Authors: David Ling Andy Naranjo Benjamin Scheick

Waiting to be Called: The Impact of Deployment Speeds and Opportunity Costs on PERE Returns
Journal: Journal of Portfolio Management
Published Year: 2017
Authors: Thomas Arnold David Ling Andy Naranjo

Borrowing beyond Borders: Foreign Assets, Lender Choice, and Loan Pricing in the Syndicated Bank Loan Market
Journal: Journal of Corporate Finance
Accepted Year: 2016
Authors: Andy Naranjo

Cloud Computing Spot Pricing Dynamics: Latency and Limits to Arbitrage
Journal: Information Systems Research
Accepted Year: 2016
Authors: Hsing Cheng Zhi Li Andy Naranjo

Customer-base Concentration and the Transmission of Idiosyncratic Volatility Along the Vertical Chain
Journal: Journal of Empirical Finance
Accepted Year: 2016
Authors: Atanas Mihov Andy Naranjo

Exodus from Sovereign Risk: Global Asset and Information Networks in the Pricing of Corporate Credit Risk
Journal: Journal of Finance
Accepted Year: 2016
Authors: Andy Naranjo

Credit Availability and Asset Pricing in Illiquid Markets: Evidence from Commercial Real Estate Markets"
Journal: Journal of Money, Credit and Banking
Published Year: 2016
Authors: David Ling Andy Naranjo Benjamin Scheick

Geographic Allocations, Property Selection, and Performance Attribution in Public and Private Real Estate Markets
Journal: Real Estate Economics
Accepted Year: 2016
Authors: David Ling Andy Naranjo Benjamin Scheick

Why Do Distant Buyers Pay More? Search Costs, Behavioral Biases, and Information Intermediary Effects
Journal: Journal of Real Estate Finance and Economics
Accepted Year: 2016
Authors: David Ling Andy Naranjo Milena Petrova

Credit Availability and Asset Pricing Spirals in Illiquid Markets
Journal: Journal of Money, Credit and Banking
Accepted Year: 2015
Authors: Andy Naranjo

MSA Geographic Allocations, Property Selection, and Performance Attribution in Public and Private Real Estate Market Returns
Journal: Real Estate Economics
Accepted Year: 2015
Authors: Andy Naranjo

Corporate Socially Responsible Investments: CEO Altruism, Reputation, and Shareholder Interests
Journal: Journal of Corporate Finance
Published Year: 2014
Authors: Joel Houston Rick Borghesi Andy Naranjo

Leverage and Returns: A Cross-Country Analysis of Public Real Estate Markets
Journal: Journal of Real Estate Finance and Economics
Published Year: 2014
Authors: Andy Naranjo

Returns and Information Transmission Dynamics in Public and Private Real Estate Markets
Journal: Real Estate Economics
Published Year: 2014
Authors: David Ling Andy Naranjo

Investor Sentiment, Limits to Arbitrage, and Private Market Returns
Journal: Real Estate Economics
Published Year: 2013
Authors: David Ling Ben Scheick Andy Naranjo

Information, Uncertainty, and Behavioral Effects: Evidence from Abnormal Returns around Real Estate Investment Trust Earnings Announcements
Journal: Journal of International Money and Finance
Published Year: 2012
Authors: Frank Gyamfi-Yeboah David Ling Andy Naranjo

Real Estate Ownership, Leasing Intensity, and Value: Do Stock Returns Reflect a Firm's Real Estate Holdings?
Journal: Journal of Real Estate Finance and Economics
Published Year: 2012
Authors: David Ling Michael Ryngaert Andy Naranjo

Derivative Usage and Firm Value: The Influence of Agency Costs and Market Imperfections
Journal: Journal of Corporate Finance
Published Year: 2010
Authors: Larry Fauver Andy Naranjo

Risk Factor and Industry Effects in the Cross-Country Comovement of Momentum Returns
Journal: Journal of International Money and Finance
Published Year: 2010
Authors: B. Porter Andy Naranjo

Commercial Real Estate Valuation: Fundamentals versus Investor Sentiment
Journal: Journal of Real Estate Finance and Economics
Published Year: 2009
Authors: J. Clayton D. Ling Andy Naranjo

Institutional Capital Flows and Return Dynamics in Private Commercial Real Estate Markets
Journal: Journal of Real Estate Economics
Published Year: 2009
Authors: J. Fisher D. Ling Andy Naranjo

Split Bond Ratings and Rating Migration
Journal: Journal of Banking & Finance
Published Year: 2008
Authors: M. Livingston L. Zhou Andy Naranjo

Asset Opaqueness and Split Bond Ratings
Journal: Financial Management
Published Year: 2007
Authors: M. Livingston L. Zhou Andy Naranjo

Including Emerging Markets in International Momentum Investment Strategies
Journal: Emerging Markets Review
Published Year: 2007
Authors: B. Porter Andy Naranjo

Value, Survival, and the Evolution of Firm Organizational Structure
Journal: Financial Management
Published Year: 2007
Authors: R. Borghesi J. Houston Andy Naranjo

Dedicated REIT Mutual Fund Flows and REIT Performance
Journal: Journal of Real Estate Finance and Economics
Published Year: 2006
Authors: D. Ling Andy Naranjo

Cross-Country Evidence on the Value of Corporate Industrial and International Diversification
Journal: Journal of Corporate Finance
Published Year: 2004
Authors: L. Fauver J. Houston Andy Naranjo

Capital Market Development, International Integration, Legal Systems, and the Value of Corporate Diversification: A Cross Country Analysis
Journal: Journal of Financial and Quantitative Analysis
Published Year: 2003
Authors: L. Fauver J. Houston Andy Naranjo

The Dynamics of REIT Capital Flows and Returns
Journal: Journal of Real Estate Economics
Published Year: 2003
Authors: D. Ling Andy Naranjo

Commercial Real Estate Return Performance: A Multi-Beta, Cross-Country Analysis
Journal: Journal of Real Estate Finance and Economics
Published Year: 2002
Authors: D. Ling Andy Naranjo

The Effects of Purchases of Mortgages and Securitization by Government Sponsored Enterprises on Mortgage Yield Spreads and Volatility
Journal: Journal of Real Estate Finance and Economics
Published Year: 2002
Authors: A. Toevs Andy Naranjo

Estimating Returns on Commercial Real Estate: A New Methodology Using Latent Variable Models
Journal: Real Estate Economics
Accepted Year: 2000
Authors: Andy Naranjo

Government Intervention and Adverse Selection Costs in Foreign Exchange Markets
Journal: Review of Financial Studies, The
Published Year: 2000
Authors: Andy Naranjo

The Predictability of Equity REIT Returns: Time Variation and Economic Significance
Journal: Journal of Real Estate Finance and Economics
Published Year: 2000
Authors: D. Ling M. Ryngaert Andy Naranjo

Time Variation of Ex-dividend Day Stock Returns and Corporate Dividend Capture: A Re- examination
Journal: Journal of Finance
Published Year: 2000
Authors: M. Nimalendran M. Ryngaert Andy Naranjo

The Integration of Commercial Real Estate Markets and Stock Markets
Journal: Journal of Real Estate Economics
Published Year: 1999
Authors: D. Ling Andy Naranjo

Stock Returns, Dividend Yields and Taxes
Journal: Journal of Finance
Published Year: 1998
Authors: M. Nimalendran M. Ryngaert Andy Naranjo

Economic Risk Factors and Commercial Real Estate Returns
Journal: Journal of Real Estate Finance and Economics
Published Year: 1997
Authors: D. Ling Andy Naranjo

Financial Market Integration Tests: An Investigation Using U.S. Equity Markets
Journal: Journal of International Financial Markets, Institutions & Money
Published Year: 1997
Authors: A. Protopapadakis Andy Naranjo
Warrington Directory