Home Page of Professor Tobias Mühlhofer
I am a visting assistant professor in the Finance Department of the McCombs School of Business, University of Texas at Austin.
McCombs School of Business
University of Texas at Austin
Department of Finance, CBA 6.222
1 University Station, B6600
Austin, TX 78712
Here is a link to my
My research interests lie in real estate finance, as well as in empirical asset pricing.
Alternative Benchmarks for Evaluating Mutual Fund Performance.
Joint with Jay Hartzell and Sheridan Titman. Published in
Real Estate Economics, 38(1), Spring 2010, 121-154
Please contact me if you would like data for the characteristic-based benchmarks from this paper.
Why do REIT Returns Poorly Reflect Property Returns? Unrealizable Appreciation Gains due to Trading Constraints as the Solution to the Short-Term Disparity
. This draft, April 2012. Published in
Real Estate Economics, 41, 2013, 814-857
They Would if They Could: Assessing the Bindingness of the Property Holding Constraints for REITs
. This draft, August 2011. Conditionally accepted at
Real Estate Economics
Do Stock Prices Move too Much to be Justified by Changes in Cash Flows? New Evidence from Parallel Asset Markets.
This draft, July 2012, joint with Andrey Ukhov. Revise and Resubmit,
Journal of Financial and Quantitative Analysis
Market Timing and Investment Selection: Evidence from Real Estate Investors.
This draft, December 2012, joint with Yael Hochberg.
Using Cash Flow Dynamics to Price Thinly Traded Assets: The Case of Commercial Real Estate.
This draft, December 2013, joint with Wally Boudry, Crocker Liu, and Walt Tourous.
Trading Constraints and the Investment Value of Real Estate Investment Trusts: An Empirical Examination
. Doctoral thesis, London School of Economics.
F303: Investments, Indiana University.
R510: Real Estate Investment Analys, Indiana University.