Associate Professor
Fachgebiet
Biographie
René-Ojas Woltering besitzt einen Doktortitel und ist Assistenzprofessor für Immobilienfinanzierung an der EHL. Er promovierte in Betriebswirtschaftslehre an der Universität Regensburg. Seine Forschungsinteressen umfassen Immobilien-Anlageinstrumente, Investitionsstrategien und Fragestellungen, die für die Gastgewerbebranche relevant sind.
Seine Publikationen sind in wissenschaftlichen Zeitschriften wie dem Journal of Banking and Finance, Real Estate Economics und dem Journal of Real Estate Finance and Economics erschienen. Dr. Woltering hat wertvolle Erfahrungen in der realen Vermögensverwaltung, im Investment Management und in der Beratungsbranche gesammelt. Außerdem ist er Preisträger mehrerer Finanz- und Investitionswettbewerbe.
Auszeichnungen
Ausbildung
Unterrichtete Kurse
Unterrichtsort
Article
Capturing the value premium : global evidence from a fair value-based investment strategy
This paper examines the risk premium of value stocks within a global investment strategy framework. We test whether absolute or relative mispricing is better suited to capturing the global value premium by using fair value-based net asset values...
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Article
This paper challenges the convexity of the flow-performance relationship, according to which investors strongly chase top-performing funds, while fund flows exhibit little to no sensitivity to past performance within the segment of poorly performing...
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Article
The discount to NAV of distressed open-end real estate funds
This paper examines the discount to NAV in the context of distressed German open-end real estate funds. This is a unique setting to study NAV discounts because distressed real estate funds are forced to sell off their property portfolios and pay out...
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Article
Which stocks are driven by which interest rates ?
This paper analyzes the return sensitivities of real estate value and growth stocks to changes in five different interest rate proxies. Using a global sample of 352 listed real estate companies from 12 countries as a test object, we find that real...
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Article
Public versus private market arbitrage : international evidence for listed property companies
This paper examines the performance of real estate firms that issue seasoned equity with the stated purpose of investing in private market assets. Prior literature documents that (i) firms, in general, underperform following a season equity offering...
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Article
Mutual funds are connected with each other through overlapping portfolio holdings. We document that the performance of individual mutual funds is affected by spillover effects from fund flows to connected mutual funds. Spillover-effects are...
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Article
Strategic transactions around REIT conversions
This article examines the conversion-related mergers and acquisitions (M&A) activity and post-conversion performance of 80 international Real Estate Operating Companies (REOCs) that adopted Real Estate Investment Trust (REIT) status. In the years...
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Article
What determines the mean reversion speed of NAV spreads?
In this paper, we study the mean reversion behaviour of NAV spreads for a global sample of 219 listed real estate stocks. We find NAV spreads for companies trading at a high discount to mean revert fastest. Remarkably, we also provide evidence that...
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Article
Fund closure risks of open-end real estate funds
Over the past decades, numerous open-end real estate funds (OEREFs) in several countries became unable to maintain the liquidity provision and had to suspend the redemption of fund shares. This paper examines OEREF closures in Germany, the world’s...
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Article
Real Estate Investment Trusts (REITs) are a globally recognized form of real estate ownership that offer tax benefits at a corporate level. Despite their clear advantages, however, a significant share of potentially eligible Real Estate Operating...
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