Faculty and Research

Expert Guide

William G. Hardin

William G. Hardin

Director, Tibor & Sheila Hollo School of Real Estate

Tibor and Sheila Hollo Fellow

Director, Jerome Bain Real Estate Institute

Professor
Tibor and Sheila Hollo School of Real Estate

College of Business
Florida International University

FIU Downtown on Brickell
1101 Brickell Avenue, S 1100
Miami, FL 33131-3105

P: (305) 779-7898
E: hardinw@fiu.edu

Education

  • PhD, Business Administration
    Georgia State University, Atlanta, Georgia
  • Master, Real Estate
    Georgia State University, Atlanta, Georgia
  • Master, International Business
    University of South Carolina, Columbia, South Carolina
  • Bachelor of Arts, Economics and Political Science
    University of North Carolina, Chapel Hill, North Carolina

Areas of Expertise

  • Commercial Real Estate
  • Mortgage Choice and Finance
  • Real Estate Brokerage
  • Real Estate Finance
  • Real Estate Pricing, Valuation

Professional Activities

Dr. Hardin has an extensive publication record in the top real estate journals. His work has been published in Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Journal of Real Estate Portfolio Management, Journal of Real Estate Practice and Education, Journal of Property Investment and Finance, International Real Estate Review, Journal of Property Valuation and Investment, Journal of Shopping Center Research, and Assessment Journal. He has also presented his research at major real estate and finance conferences including those of the American Real Estate Society, the Asian Real Estate Society, the American Real Estate and Urban Economics Association, and the Financial Management Association.

Dr. Hardin is co-editor of Journal of Real Estate Practice and Education and is an elected member of the board of directors of the American Real Estate Society. He also serves on the editorial review board of The Appraisal Journal. Four of his papers have won best manuscript awards at the annual American Real Estate Society meetings.

Prior to joining the faculty of Florida International University, Dr. Hardin held the Robert W. Warren Chair of Real Estate at Mississippi State University, where he directed both the real estate and construction management programs, and served on the faculty of Morehouse College in Atlanta, GA.

Courses Taught

  • Advanced Real Estate Investment Valuation
  • Appraisal of Real Estate
  • Corporate Finance
  • Global Financial Strategy
  • Real Estate Development
  • Real Estate Invest
  • Real Estate Principles
  • Special Topics in Real Estate

Refereed Journal Articles

Hardin, W. & Benefield, J. (2015). Does Time-on-Market Measurement Matter?.  Journal of Real Estate Finance and Economics. 50 (1), 52-73.


Guo, S. & Hardin, W. (2014). Wealth, Composition, Housing, Income and Consumption.  Journal of Real Estate Finance and Economics. 48 (2), 221-243.


Hardin III, W. G. & Chou, W. (2014). Performance Chasing, Fund Flows and Fund Size in Real Estate Mutual Funds.  Journal of Real Estate Finance and Economics. 49 (3), 379-412.


Hardin III, W. G., Beauchamp, C. F., Hill, M. D. & Lawley, C. F. (2014). Frictions and the Contribution of Inventory to Shareholder Wealth.  Journal of Financial Research. 37 (3), 385-404.


Pavlova, I., Cho, J. H., Parzgari, A. M. & Hardin, W. (2014). Long Memory in REIT Volatility and Changes in the Unconditional Mean: A Modified FIGARCH Approach.  Journal of Property Research. 31 (4), 315-332.


Chinloy, P., Hardin, W. & Wu, Z. (2013). Transaction Frequency and Commercial Real Estate.  Journal of Real Estate Finance and Economics. 47 (4), 640-658.


Chou, W., Hardin, W., Hill, M. D. & Kelley, G. W. (2013). Dividends, Values and Agency Costs in REITs.  Journal of Real Estate Finance and Economics. 46 (1), 91-114.


Hardin, W., Chinloy, P. & Wu, Z. (2013). Price, Place, People and Local Experience.  Journal of Real Estate Research. 35 (4), 477-505.


Chou, W. & Hardin, W. G. (2012). The corporate governance premium, returns, and mutual funds.  Financial Review. 47 (2), 299-326.


Hardin, W. G., An, H. & Wu, Z. (2012). Information Asymmetry and Corporate Liquidity Management: Evidence from Real Estate Investment Trusts.  Journal of Real Estate Finance and Economics. 45 (3), 678-704.


Hardin, W. G., Hill, M. D. & Kelly, G. W. (2012). The Market Value of REIT Liquidity.  Journal of Real Estate Finance and Economics. 45 (2), 383-401.


Hardin, W. G., Huang, G. & Liano, K. (2012). Dividend Size, Yield, Clienteles and REITs.  Journal of Real Estate Finance and Economics. 45 (2), 435-449.


Hardin, W. G., Jiang, X. & Wu, Z. (2012). REIT Stock Prices and Inflation: Inflation Hedge or Inflation Illusion?.  Journal of Real Estate Finance and Economics. 25 (1), 262-287.


Hardin, W. G., Jiang, X. & Wu, Z. (2012). REIT stock prices with inflation hedging and illusion.  Journal of Real Estate Finance and Economics. 45 (1), 262-287.


Hardin, W. G., Waller, B. D. & Weeks, H. S. (2012). Undergraduate Appraisal Education in the United States.  Journal of Real Estate Practice and Education. 15 (1), 19-31.


Case, B., Hardin, W. G. & Wu, Z. (2011). REIT dividend policies and dividend announcement effects during the 2008-2009 liquidity crisis.  Real Estate Economics.


Hardin, W. G. & Hill, M. D. (2011). REIT capital structure and bank debt.  Journal of Real Estate Research. 33 (4), 507-530.


Hardin, W. G. & Wu, Z. (2010). Banking relationships and REIT financing policies.  Real Estate Economics. 38 (2), 257-284.


Hardin, W. G. & Wu, Z. (2009). Bank mergers, REIT loan pricing and takeover likelihood.  Journal of Real Estate Finance and Economics. 38 (3), 275-301.


Hardin, W. G., Highfield, M. J., Hill, M. D. & Kelley, G. W. (2009). The determinants of REIT cash holdings.  Journal of Real Estate Finance and Economics. 39 (1), 39-57.


Hardin, W. G., Hill, M. D. & Hopper, J. (2009). Ownership structure, property performance, multifamily properties and REITs.  Journal of Real Estate Research. 31 (3), 285-306.


Hardin, W. G., Johnson, K. H. & Wu, Z. (2009). Brokerage intermediation in the commercial property market.  Journal of Real Estate Research. 31 (4), 397-420.


Beauchamp, C. E., Hardin, W. G., Hill, M. D. & Liano, K. (2008). The Finance and Real Estate Publications of Real Estate Editorial Board Members.  Journal of Real Estate Literature. 16 (1), 23-31.


Benjamin, J. D., Chinloy, P., Hardin, W. G. & Wu, Z. (2008). Clientele effects and condo conversions.  Real Estate Economics. 36 (3), 611-634.


Chan, K. C., Hardin, W. G., Liano, K. & Yu, Z. (2008). The Internationalization of Real Estate Research.  Journal of Real Estate Research. 30 (1), 91-125.


Hardin, W. G. & Hill, M. D. (2008). REIT Dividend Determinants: Excess Dividends and Capital Markets.  Real Estate Economics. 36 (2), 349-369.


Hardin, W. G. & Wu, Z. (2008). Clientele Effects, REITS and Acquisition Premiums.  Journal of Real Estate Portfolio Management. 14 (4), 375-384.


Hardin, W. G., Liano, K., Chan, K. C. & Fok, R. C. (2008). Finance Editorial Board Membership and Research Productivity.  Review of Quantitative Finance & Accounting. 33 (3), 225-240.


Hardin, W. G. & Benjamin, J. D. (2007). Institutional-grade properties: Performance and ownership.  Journal of Real Estate Research. 29 (3), 219-240.


Hardin, W. G., Liano, K. & Chan, K. C. (2007). A citation proportions evaluation of real estate research.  Journal of Real Estate Literature. 15 (3), 383-396.


Hardin, W. G., Liano, K., Huang, G. & Nagel, G. L. (2007). REITs, decimalization, and ex-dividend stock prices.  Journal of Real Estate Finance and Economics. 34 (4), 499-511.


Weeks, H. S., Finch, J. H. & Hardin, W. G. (2007). Endowed real estate positions and the faculty who hold them.  Journal of Real Estate Practice and Education. 10 (1), 67-91.


Benjamin, J. D., Chinloy, P. & Hardin, W. G. (2006). Local Presence, Scale and Vertical Integration: Brands and Signals.  Journal of Real Estate Finance and Economics. 33 (4), 389-402.


Hardin, W. G. & Carr, J. (2006). Disaggregating Neighborhood and Community Center Property Types.  Journal of Real Estate Research. 28 (2), 167-192.


Hardin, W. G., Beauchamp, C. E., Liano, K. & Hill, M. D. (2006). Research and Real Estate Editorial Board Membership.  Journal of Real Estate Practice and Education. 9 (1), 1-18.


Hardin, W. G., Liano, K. & Chan, K. C. (2006). Influential Journals, Institutions and Researchers in Real Estate.  Real Estate Economics. 34 (3), 457-478.


Hardin, W. G. & Carr, J. (2005). Disaggregating Neighborhood and Community Center Property Types.  Journal of Shopping Center Research. 12 (1), 77-101.


Hardin, W. G. & Cheng, P. (2005). Farmland Investment: A Mean-Semivariance Approach.  Journal of Real Estate Portfolio Management. 11 (2), 187-196.


Hardin, W. G., Liano, K. & Huang, G. (2005). Real Estate Investment Trusts and Calendar Anomalies Revisited.  International Real Estate Review. 8 (1), 83-94.


Hardin, W. G., Liano, K. & Huang, G. (2005). REIT Stock Splits: An Empirical Analysis.  Journal of Real Estate Finance and Economics. 30 (3), 958-973.


Hardin, W. G., Liano, K. & Zhao, X. (2004). Presidential Election Cycles and the Turn-of-the-Month Effect.  Social Science Quarterly. 85 (4), 958-973.


Hardin, W. G. & Cheng, P. (2003). Apartment Security: A Note on Gated Access and Rental Rates.  Journal of Real Estate Research. 25 (2), 145-158.


Hardin, W. G. & Cheng, P. (2002). Farmland Investment under Conditions of Certainty and Uncertainty.  Journal of Real Estate Finance and Economics. 25 (1), 81-98.


Hardin, W. G., Liano, K. & Huang, G. (2002). The Ex-Dividend Day Pricing of REITs.  Real Estate Economics. 30 (4), 533-549.


Hardin, W. G., Wolverton, M. L. & Carr, J. (2002). An Empirical Analysis of Community Center Rents.  Journal of Real Estate Research. 23 (1/2), 163-178.


Hardin, W. G., Wolverton, M. L. & Carr, J. (2002). An Empirical Analysis of Community Rents.  Journal of Shopping Center Research. 9 (1), 73-88.


Hardin, W. G. & Wolverton, M. L. (2001). Neighborhood Center Image and Rents.  Journal of Real Estate Finance and Economics. 23 (1), 31-46.


Hardin, W. G. & Wolverton, M. L. (2000). Micro-Market Determinants of Neighborhood Center Rental Rates.  Journal of Real Estate Research. 20 (3), 299-322.


Hardin, W. G. (2000). Practical Experience, Expectations, Hiring, Promotion and Tenure: A Real Estate Perspective.  Journal of Real Estate Practice and Education. 3 (1), 17-34.


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