Andy Naranjo
John B. Hall Prof & Chair
University of Florida,
Warrington College of Business
Department of Finance, Insurance & Real Estate
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 ProcessingCorporate 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