메뉴 건너뛰기




Volumn 48, Issue 3, 2014, Pages 439-455

International Office Investment in Global Cities: The Production of Financial Space and Systemic Risk;L'investissement international en bureaux dans les grandes villes mondiales: La création de l'espace financier et du risque systémique

Author keywords

Diversification; Financial crisis; International financial centres; Office markets; Systemic risk

Indexed keywords

ECONOMIC DEVELOPMENT; ECONOMIC GROWTH; FINANCIAL MARKET; FINANCIAL SYSTEM; INVESTMENT; URBAN AREA; URBAN ECONOMY;

EID: 84927802445     PISSN: 00343404     EISSN: 13600591     Source Type: Journal    
DOI: 10.1080/00343404.2012.753434     Document Type: Article
Times cited : (65)

References (65)
  • 2
    • 31744434742 scopus 로고    scopus 로고
    • A building cycle model for an imperfect world
    • Barras R. (2005) A building cycle model for an imperfect world, Journal of Property Research 22(3), 63-96. doi: 10.1080/09599910500453905
    • (2005) Journal of Property Research , vol.22 , Issue.3 , pp. 63-96
    • Barras, R.1
  • 3
    • 84858801236 scopus 로고    scopus 로고
    • The emergence of real estate funds
    • In: Petersen A., editors: LexisNexis, London, London
    • Baum A. (2008) The emergence of real estate funds, in Petersen A. (Ed.) Real Estate Finance: Law, Regulation and Practice, pp. 383-406. LexisNexis, London.
    • (2008) Real Estate Finance: Law, Regulation and Practice , pp. 383-406
    • Baum, A.1
  • 6
    • 18944383828 scopus 로고    scopus 로고
    • Remember property?
    • Blomley N. (2005) Remember property?, Progress in Human Geography 29(2), 125-127. doi: 10.1191/0309132505ph535xx
    • (2005) Progress in Human Geography , vol.29 , Issue.2 , pp. 125-127
    • Blomley, N.1
  • 7
    • 0041878526 scopus 로고    scopus 로고
    • International real estate returns, a multi-factor, multi country approach
    • Bond S., Karolyi G. and Sanders A. (2003) International real estate returns, a multi-factor, multi country approach, Real Estate Economics 31(3), 481-500. doi: 10.1111/1540-6229.00074
    • (2003) Real Estate Economics , vol.31 , Issue.3 , pp. 481-500
    • Bond, S.1    Karolyi, G.2    Sanders, A.3
  • 8
    • 0032374734 scopus 로고    scopus 로고
    • Global cities, global states: global city formation and state territorial restructuring in contemporary Europe
    • Brenner N. (1998) Global cities, global states: global city formation and state territorial restructuring in contemporary Europe, Review of International Political Economy 5, 1-37. doi: 10.1080/096922998347633
    • (1998) Review of International Political Economy , vol.5 , pp. 1-37
    • Brenner, N.1
  • 9
    • 0033062230 scopus 로고    scopus 로고
    • Globalisation as reterritorialisation
    • Brenner N. (1999) Globalisation as reterritorialisation, Urban Studies 36(7), 431-451. doi: 10.1080/0042098993466
    • (1999) Urban Studies , vol.36 , Issue.7 , pp. 431-451
    • Brenner, N.1
  • 10
    • 0141881287 scopus 로고    scopus 로고
    • Oxford University Press, New York, NY, New York, NY
    • Brenner N. (2004) New State Spaces, Oxford University Press, New York, NY.
    • (2004) New State Spaces
    • Brenner, N.1
  • 12
    • 67949084168 scopus 로고    scopus 로고
    • Illuminating the new dark influence on trading and U.S. market structure
    • Carrie C. (2008) Illuminating the new dark influence on trading and U.S. market structure, Journal of Trading 3(1), 40-55. doi: 10.3905/jot.2008.700218
    • (2008) Journal of Trading , vol.3 , Issue.1 , pp. 40-55
    • Carrie, C.1
  • 13
    • 0037814262 scopus 로고    scopus 로고
    • Global real estate markets - cycles and fundamentals
    • Unpublished Working Paper. Yale International Centre for Finance, New Haven, CT
    • Case B., Goetzmann W. N. and Rouwenhorst K. G. (1999) Global real estate markets - cycles and fundamentals, Unpublished Working Paper. Yale International Centre for Finance, New Haven, CT.
    • (1999)
    • Case, B.1    Goetzmann, W.N.2    Rouwenhorst, K.G.3
  • 17
    • 71949094526 scopus 로고    scopus 로고
    • On voodoo economics: theorising relations of property, value and contemporary capitalism
    • Christophers B. (2010) On voodoo economics: theorising relations of property, value and contemporary capitalism, Transactions of the Institute of British Geographers 35(1), 94-108. doi: 10.1111/j.1475-5661.2009.00366.x
    • (2010) Transactions of the Institute of British Geographers , vol.35 , Issue.1 , pp. 94-108
    • Christophers, B.1
  • 18
    • 44649128107 scopus 로고    scopus 로고
    • Hide-and-seek in the market: placing and detecting hidden orders
    • De Winne R. and D'Hondt C. (2007) Hide-and-seek in the market: placing and detecting hidden orders, Review of Finance 11, 663-692. doi: 10.1093/rof/rfm0016
    • (2007) Review of Finance , vol.11 , pp. 663-692
    • De Winne, R.1    D'Hondt, C.2
  • 20
    • 0032164358 scopus 로고    scopus 로고
    • Continental factors in international real estate returns
    • Eichholtz P., Huisman R., Koedijk K. and Schuin L. (1998) Continental factors in international real estate returns, Real Estate Economics 26(3), 493-509. doi: 10.1111/1540-6229.00754
    • (1998) Real Estate Economics , vol.26 , Issue.3 , pp. 493-509
    • Eichholtz, P.1    Huisman, R.2    Koedijk, K.3    Schuin, L.4
  • 21
    • 38849204825 scopus 로고    scopus 로고
    • Adjustment in commercial property space markets: taking long-term leases and transaction costs seriously
    • Englund P., Gunnelin A., Hendershott P. and Soderberg B. (2008) Adjustment in commercial property space markets: taking long-term leases and transaction costs seriously, Real Estate Economics 36, 81-109. doi: 10.1111/j.1540-6229.2008.00208.x
    • (2008) Real Estate Economics , vol.36 , pp. 81-109
    • Englund, P.1    Gunnelin, A.2    Hendershott, P.3    Soderberg, B.4
  • 23
    • 33749039220 scopus 로고    scopus 로고
    • The secondary circuit of capital reconsidered: globalization and the U.S. real estate sector
    • Fox Gotham K. (2006) The secondary circuit of capital reconsidered: globalization and the U.S. real estate sector, American Journal of Sociology 112(1), 231-275. doi: 10.1086/502695
    • (2006) American Journal of Sociology , vol.112 , Issue.1 , pp. 231-275
    • Fox Gotham, K.1
  • 24
    • 0022873789 scopus 로고
    • The world city hypothesis
    • Friedmann J. (1986) The world city hypothesis, Development and Change 17, 69-83. doi: 10.1111/j.1467-7660.1986.tb00231.x
    • (1986) Development and Change , vol.17 , pp. 69-83
    • Friedmann, J.1
  • 28
    • 0003976457 scopus 로고
    • Weidenfeld & Nicholson, London, London
    • Hall P. (1966) The World Cities, Weidenfeld & Nicholson, London.
    • (1966) The World Cities
    • Hall, P.1
  • 31
    • 0033454609 scopus 로고    scopus 로고
    • The workings of the London office market
    • Hendershott P., Lizieri C. and Matysiak G. (1999) The workings of the London office market, Real Estate Economics 27(2), 365-387. doi: 10.1111/1540-6229.00777
    • (1999) Real Estate Economics , vol.27 , Issue.2 , pp. 365-387
    • Hendershott, P.1    Lizieri, C.2    Matysiak, G.3
  • 32
    • 0036016197 scopus 로고    scopus 로고
    • Estimation of the rental adjustment process
    • Hendershott P., MacGregor B. and Tse R. Y. C. (2002) Estimation of the rental adjustment process, Real Estate Economics 30(2), 165-183. doi: 10.1111/1540-6229.00036
    • (2002) Real Estate Economics , vol.30 , Issue.2 , pp. 165-183
    • Hendershott, P.1    MacGregor, B.2    Tse, R.Y.C.3
  • 34
    • 0033664478 scopus 로고    scopus 로고
    • Global cities and developmental states: New York, Tokyo and Seoul
    • Hill R. and Kim J. W. (2000) Global cities and developmental states: New York, Tokyo and Seoul, Urban Studies 37(12), 2167-2195. doi: 10.1080/00420980020002760
    • (2000) Urban Studies , vol.37 , Issue.12 , pp. 2167-2195
    • Hill, R.1    Kim, J.W.2
  • 35
    • 0034131428 scopus 로고    scopus 로고
    • The crisis of the national spatio-temporal fix and the ecological dominance of globalizing capitalism
    • Jessop B. (2000) The crisis of the national spatio-temporal fix and the ecological dominance of globalizing capitalism, International Journal of Urban and Regional Research 24(2), 323-360. doi: 10.1111/1468-2427.00251
    • (2000) International Journal of Urban and Regional Research , vol.24 , Issue.2 , pp. 323-360
    • Jessop, B.1
  • 37
    • 84881956132 scopus 로고    scopus 로고
    • International homogeneity in architecture and urban development?
    • [Special Issue: 'International Real Estate Markets, Global Real Estate Industry'], 417-428
    • Knox P. and Pain K. (2010) International homogeneity in architecture and urban development?, Informationen zur Raumentwicklung (IzR) 34(2),[Special Issue: 'International Real Estate Markets, Global Real Estate Industry'], 417-428.
    • (2010) Informationen zur Raumentwicklung (IzR) , vol.34 , Issue.2
    • Knox, P.1    Pain, K.2
  • 38
    • 0028570525 scopus 로고
    • Capital markets, the development industry and urban office market dynamics: rethinking building cycles
    • Leitner H. (1994) Capital markets, the development industry and urban office market dynamics: rethinking building cycles, Environment and Planning A 26, 779-802. doi: 10.1068/a260779
    • (1994) Environment and Planning A , vol.26 , pp. 779-802
    • Leitner, H.1
  • 39
    • 0036108950 scopus 로고    scopus 로고
    • Commercial real estate return performance: a cross-country analysis
    • Ling D. and Naranjo A. (2002) Commercial real estate return performance: a cross-country analysis, Journal of Real Estate Finance and Economics 24(1/2), 119-142. doi: 10.1023/A:1013938506550
    • (2002) Journal of Real Estate Finance and Economics , vol.24 , Issue.1-2 , pp. 119-142
    • Ling, D.1    Naranjo, A.2
  • 41
    • 0033924269 scopus 로고    scopus 로고
    • Ownership, occupation and risk: a view of the City of London office market
    • Lizieri C., Baum A. and Scott P. (2000) Ownership, occupation and risk: a view of the City of London office market, Urban Studies 37(7), 1109-1129. doi: 10.1080/00420980020080041
    • (2000) Urban Studies , vol.37 , Issue.7 , pp. 1109-1129
    • Lizieri, C.1    Baum, A.2    Scott, P.3
  • 42
    • 0012575818 scopus 로고
    • International portfolio strategies: problems and opportunities
    • Lizieri C. and Finlay L. (1995) International portfolio strategies: problems and opportunities, Journal of Property Valuation and Investment 13(1), 6-21. doi: 10.1108/14635789510146596
    • (1995) Journal of Property Valuation and Investment , vol.13 , Issue.1 , pp. 6-21
    • Lizieri, C.1    Finlay, L.2
  • 45
    • 34247854546 scopus 로고    scopus 로고
    • Polity, Cambridge, Cambridge
    • Massey D. (2007) World City, Polity, Cambridge.
    • (2007) World City
    • Massey, D.1
  • 47
    • 84882017987 scopus 로고    scopus 로고
    • City of London global village: understanding the Square Mile in a post-industrial world economy
    • In: Barber S., editors: European Research Forum, London, London
    • Pain K. (2007) City of London global village: understanding the Square Mile in a post-industrial world economy, In BarberS. (Ed.), The Geo-Politics of the City, (pp. 19-38). European Research Forum, London.
    • (2007) The Geo-Politics of the City , pp. 19-38
    • Pain, K.1
  • 48
    • 42649099306 scopus 로고    scopus 로고
    • Spaces of practice in advanced business services: rethinking London-Frankfurt relations
    • Pain K. (2008a) Spaces of practice in advanced business services: rethinking London-Frankfurt relations, Environment and Planning D: Society and Space 26(2), 264-279. doi: 10.1068/d410t
    • (2008) Environment and Planning D: Society and Space , vol.26 , Issue.2 , pp. 264-279
    • Pain, K.1
  • 49
    • 53549124990 scopus 로고    scopus 로고
    • Examining core-periphery relationships in a global mega-city region - the case of London and South East England
    • Pain K. (2008b) Examining core-periphery relationships in a global mega-city region - the case of London and South East England, Regional Studies 42(8), 1161-1172. doi: 10.1080/00343400701808857
    • (2008) Regional Studies , vol.42 , Issue.8 , pp. 1161-1172
    • Pain, K.1
  • 50
    • 80054921763 scopus 로고    scopus 로고
    • New Worlds' for 'Old'? Twenty-first-century century gateways and corridors: reflections on a European spatial perspective
    • Pain K. (2010) 'New Worlds' for 'Old'? Twenty-first-century century gateways and corridors: reflections on a European spatial perspective, International Journal of Urban and Regional Research 35(2), 1468-2427.
    • (2010) International Journal of Urban and Regional Research , vol.35 , Issue.2 , pp. 1468-2427
    • Pain, K.1
  • 51
    • 53549123849 scopus 로고    scopus 로고
    • Informational quantity versus informational quality: the perils of navigating the space of flows
    • Pain K. and Hall P. (2008) Informational quantity versus informational quality: the perils of navigating the space of flows, Regional Studies 42(8), 1065-1077. doi: 10.1080/00343400701808865
    • (2008) Regional Studies , vol.42 , Issue.8 , pp. 1065-1077
    • Pain, K.1    Hall, P.2
  • 52
    • 0033447844 scopus 로고    scopus 로고
    • Do real estate prices and stock prices move together? An international analysis
    • Quan D. and Titman S. (1999) Do real estate prices and stock prices move together? An international analysis, Real Estate Economics 27, 183-207. doi: 10.1111/1540-6229.00771
    • (1999) Real Estate Economics , vol.27 , pp. 183-207
    • Quan, D.1    Titman, S.2
  • 53
    • 0003000460 scopus 로고    scopus 로고
    • The 1985 to 1994 global real estate cycle: an overview
    • Renaud B. (1997) The 1985 to 1994 global real estate cycle: an overview, Journal of Real Estate Literature 5(1), 13-44. doi: 10.1023/A:1008623304689
    • (1997) Journal of Real Estate Literature , vol.5 , Issue.1 , pp. 13-44
    • Renaud, B.1
  • 54
    • 34547489113 scopus 로고    scopus 로고
    • Exploring office investment decision-making in different European contexts
    • Roberts C. and Henneberry J. (2007) Exploring office investment decision-making in different European contexts, Journal of Property Investment and Finance 25(3), 289-305. doi: 10.1108/14635780710746939
    • (2007) Journal of Property Investment and Finance , vol.25 , Issue.3 , pp. 289-305
    • Roberts, C.1    Henneberry, J.2
  • 57
    • 0038187687 scopus 로고    scopus 로고
    • International direct real estate investment: a review of the literature
    • Sirmans C. F. and Worzala E. (2003) International direct real estate investment: a review of the literature, Urban Studies 40, 1081-1114. doi: 10.1080/0042098032000074335
    • (2003) Urban Studies , vol.40 , pp. 1081-1114
    • Sirmans, C.F.1    Worzala, E.2
  • 58
    • 0035009318 scopus 로고    scopus 로고
    • Specification of the world city network
    • Taylor P. J. (2001) Specification of the world city network, Geographical Analysis 33, 181-194. doi: 10.1111/j.1538-4632.2001.tb00443.x
    • (2001) Geographical Analysis , vol.33 , pp. 181-194
    • Taylor, P.J.1
  • 62
    • 68549131626 scopus 로고    scopus 로고
    • International banking centres: a network perspective
    • December
    • Von Peter G. (2007) International banking centres: a network perspective, BIS Quarterly Review December, 33-45.
    • (2007) BIS Quarterly Review , pp. 33-45
    • Von Peter, G.1
  • 63
    • 34547526241 scopus 로고    scopus 로고
    • Tokyo as a world city: reassessing the role of capital and the state in urban restructuring
    • Waley P. (2007) Tokyo as a world city: reassessing the role of capital and the state in urban restructuring, Urban Studies 44(8), 1465-1490. doi: 10.1080/00420980701373511
    • (2007) Urban Studies , vol.44 , Issue.8 , pp. 1465-1490
    • Waley, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.