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Article: Does student quality fluctuate with real estate prices?

TitleDoes student quality fluctuate with real estate prices?
Authors
Issue Date2008
PublisherAmerican Real Estate Society. The Journal's web site is located at http://www.aresnet.org/ARES/pubs/jrepe/JREPE.html
Citation
Journal of Real Estate Practice and Education, 2008, v. 11 n. 2, p. 145-158 How to Cite?
AbstractAll university programs wish to admit high-caliber students because admission results may reflect the perceived quality of a program and have funding implications. However, the student intake quality of a program can fluctuate widely. This study investigates whether the fluctuation is caused by the volatile movement of the underlying industry that shapes the career prospects of a major. A real estate course in Hong Kong is used as a case study. Employing 20-year time series data, the findings reveal that the intake quality was strongly positively correlated with the performance of the real estate market. The presence of negative autocorrelation was indicative of students' risk-averse selection strategy. These results highlight the difficulties in real estate curriculum design (e.g., learning methods and coverage) to suit different cohorts of student quality. Borrowing from portfolio theory, an implication to educators is that diversification through admitting nonlocal students (from places with low correlations with the local property market) can reduce the volatility in student quality.
Persistent Identifierhttp://hdl.handle.net/10722/168769
ISSN
2015 SCImago Journal Rankings: 0.183
References

 

DC FieldValueLanguage
dc.contributor.authorWong, SKen_HK
dc.contributor.authorWong, KCen_HK
dc.contributor.authorChau, KWen_HK
dc.contributor.authorYiu, CYen_HK
dc.contributor.authorHo, DCWen_HK
dc.date.accessioned2012-10-08T03:32:16Z-
dc.date.available2012-10-08T03:32:16Z-
dc.date.issued2008en_HK
dc.identifier.citationJournal of Real Estate Practice and Education, 2008, v. 11 n. 2, p. 145-158en_HK
dc.identifier.issn1521-4842en_HK
dc.identifier.urihttp://hdl.handle.net/10722/168769-
dc.description.abstractAll university programs wish to admit high-caliber students because admission results may reflect the perceived quality of a program and have funding implications. However, the student intake quality of a program can fluctuate widely. This study investigates whether the fluctuation is caused by the volatile movement of the underlying industry that shapes the career prospects of a major. A real estate course in Hong Kong is used as a case study. Employing 20-year time series data, the findings reveal that the intake quality was strongly positively correlated with the performance of the real estate market. The presence of negative autocorrelation was indicative of students' risk-averse selection strategy. These results highlight the difficulties in real estate curriculum design (e.g., learning methods and coverage) to suit different cohorts of student quality. Borrowing from portfolio theory, an implication to educators is that diversification through admitting nonlocal students (from places with low correlations with the local property market) can reduce the volatility in student quality.en_HK
dc.languageengen_US
dc.publisherAmerican Real Estate Society. The Journal's web site is located at http://www.aresnet.org/ARES/pubs/jrepe/JREPE.htmlen_HK
dc.relation.ispartofJournal of Real Estate Practice and Educationen_HK
dc.titleDoes student quality fluctuate with real estate prices?en_HK
dc.typeArticleen_HK
dc.identifier.emailWong, SK: kelvin.wong@hku.hken_HK
dc.identifier.emailWong, KC: wongkc@hku.hken_HK
dc.identifier.emailChau, KW: hrrbckw@hku.hken_HK
dc.identifier.emailYiu, CY: ecyyiu@hkucc.hku.hken_HK
dc.identifier.emailHo, DCW: danielho@hku.hken_HK
dc.identifier.authorityWong, SK=rp01028en_HK
dc.identifier.authorityWong, KC=rp01027en_HK
dc.identifier.authorityChau, KW=rp00993en_HK
dc.identifier.authorityYiu, CY=rp01035en_HK
dc.identifier.authorityHo, DCW=rp01001en_HK
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-58049123867en_HK
dc.identifier.hkuros141432-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-58049123867&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume11en_HK
dc.identifier.issue2en_HK
dc.identifier.spage145en_HK
dc.identifier.epage158en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridWong, SK=7404591021en_HK
dc.identifier.scopusauthoridWong, KC=25928823900en_HK
dc.identifier.scopusauthoridChau, KW=24830082500en_HK
dc.identifier.scopusauthoridYiu, CY=9248825800en_HK
dc.identifier.scopusauthoridHo, DCW=12805583800en_HK

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