RESUME
PAUL K. ASABERE
Temple University
Department of Finance, FSBM
Philadelphia, PA 19122
(215) 204-1678 (O)
Email:
Education:
Ph.D., Finance, 1980, University of Illinois at Urbana-Champaign.
Major Field: Real Estate and Urban Economics.
M.S. 1977, University of Illinois, at Urbana-Champaign. Areas of Interest: Housing and Land Use (Urban Planning).
B.Sc. 1974, Urban Planning; University of Science and Technology, Kumasi, Ghana. Graduated with First Class Honors.
Scholarships: Fulbright Senior Research Scholar, Spring 2000. The African-American Institute/AID (Afgrad) Fellow (1975-1980).
Consulting: Consulted for the Comptroller of Public Accounts, State of Texas; and
The Pine Lands Commission, State of New Jersey.
Editorial Boards:
- Journal of Real Estate Research (JRER)
- Journal of Real Estate Finance and Economics (JREFE)
- Our Common Estates (RICS Foundation Publication, U.K.)
Teaching
Experience:
2000 to Present - Professor of Finance, Fox School of Business
And Management, Temple University, Philadelphia, PA
19122.
1992 to 2000 - Professor of Real Estate, School of Business and
Management, Temple University, Philadelphia, PA
19122.
1989 to 1992 - Tenured Associate Professor of Real Estate,
School of Business and Management,
Temple University, Philadelphia, PA 19122.
1988 to 1989 - Visiting Associate Professor of Finance,
University of Connecticut, Center for Real
Estate and Urban Economic Studies, Storrs, CT
06269.
1985 to 1988 - Tenured Associate Professor of Finance,
Bentley College, Waltham, MA 02154.
1983 to 1985 - Assistant Professor of Finance, Department of Finance
And Management Science, St. Mary's University,
Halifax, Canada.
1980 to 1983 - Assistant Professor of Finance, Bentley College, Waltham, MA 02154.
1979 to 1980 - Teaching and Research Assistant, University of
Illinois.
1974 to 1975 - Teaching and Research Assistant, University of
Science and Technology, U.S.T., Kumasi, Ghana.
Teaching Interests:
*Real Estate Investments/Finance
*Real Estate Valuation
*Real Estate Principles
*Corporate Finance
Areas of Research have included:
*Private Property Rights and Property Possession (Freehold versus Leasehold)
*Impacts of Zoning on Urban Land Values
* Impacts of Federal and Local Historic Zoning on House Values
*The Price Discounts Associated with Façade Easements
*The Failure of Rent Controls in
*The Failure of Public Rental Housing in Ghana
*Externality Studies (e.g. Proximity of Golf Courses and Cul-de-Sac Location)
*Hedonic Analysis of Urban Land Values
*Urban Land and Housing Modeling in Ghana
*Mortgage Financing
Working Papers:
”The State of the Art of Income-Property Valuation in Ghana”.
“The Relative Size Hypothesis: Further Evidence on House Size,”r: Forrest E. Huffman
Publications in Refereed Journals:
“ The Demise of the Rent-controlled Public Housing Programs of Ghana: The Story of the Tema Development Corporation.” Urban Studies, Vol.44, No.10, September 2007.
Book Review: Economics, Real Estate, and Supply of Land. Land Economics, By Alan Evans, August 2007.
“FHA/VA Financing and Price Discounts,” Forthcoming, Journal of Real Estate Research, 2008, Co-author: Forrest E. Huffman.
“The Relative Impacts of Trails and Greenbelts on Home Values,” Forthcoming, Journal of Real Estate Finance and Economics , 2008, Co-author, Forrest E Huffman.
“Capital Budgeting for a Rental Property Investment in an Environment Prone to Exchange Rate Risk,” Forthcoming, The Reader Journal.
“The Pricing of the Emergent Leasehold (Possessory) Estates of Ghana,” Real Estate Economic,
32, 2004.
“Permit Policy and Land Price Distortions” Journal of Housing Economics ,10, 2001, Co-
Author. Forrest E. Huffman.
“Discount Point Concessions: Reply and Further Evidence,” The Journal of Real Finance and Economics, Vol. 19, No. 3, 1999. Co-author: Forrest E. Huffman.
"Discount Point Concessions and the Value of Homes with Conventional Versus Non-conventional Mortgage Financing," Journal of Real Estate Finance and Economics, Vol. 15, No. 3, 1997, co-author: Forrest E. Huffman.
"Hierarchical Zoning, Incompatible Uses and Price Discounts," Real Estate Economics: Journal of the American Real Estate and Urban Economics Association, Vol. 25, No. 3, 1997, co-author: Forrest E. Huffman.
"Contract Expiration and Sales Price," Journal of Real Estate Finance and Economics, Vol. 13, No. 3, 1997, co-authors: Forrest Huffman and Rose Johnson.
"Thoroughfares and Apartment Values," Journal of Real Estate Research, Vol. 12, No. 2, 1996, and co-author: Forrest E. Huffman.
"Negative as Well as Positive Impacts of Golf Course Proximity on Home Prices," Appraisal Journal, October, 1996, Vol. LXIV, No. 4, co-author: Forrest Huffman.
"The Adverse Impacts of Local Historic Designation: The Case of Small Apartment Buildings in Philadelphia," Journal of Real Estate Finance and Economics, 8, No. 3, 1994, co-authors: Forrest E. Huffman and Seyed Mehdian.
"Federal Historic Designation and Residential Market Values," The Appraisal Journal, July 1994, co-author: Forrest E. Huffman.
"The Emerging Land-Tenure Systems of Africa (Ghana): Public Policy Choices," J. Black Studies, Vol. 24, No. 3, March 1994.
"The Value Discounts Associated with Historic Facade Easements," The Appraisal Journal, April 1994, co-author: Forrest E. Huffman.
“Price Determinants of Foreclosed Urban Land,” Urban Studies, Vol. 29,No. 5, 1992, Co-author: Forrest E. Huffman.
"Price Determinants of Foreclosed Urban Land: A Discussion," Urban Studies, Vol. 31, No. 10, 1994, co-authors: Allan W. Evans and Forrest E. Huffman.
"The Impact of Settlement Period on Sales Price," Journal of Real Estate Finance and Economics 7, 1993, co-author: Forrest E. Huffman.
"Price Concessions, Time on the Market, and the Actual Sale Price of Homes," The Journal of Real Estate Finance and Economics, 6, 1993, co-author: Forest E. Huffman.
"Mispricing and Optimal Time on the Market," Journal of Real Estate Research, Vol. 8, No. 1, winter 1993, co-authors: Forrest E. Huffman and Seyed Mehdian.
"Limitations of Using Foreign Exchange Rate Hedges to Cover Foreign Stock Investments," Financial Practice and Education, fall, 1993, co-authors: Carl McGowan and Henry W. Collier.
"Macro-Determinants of Time on the Market (TOM)", Real Estate Issues, published by the American Society of Real Estate Counselors of the National Association of Realtors, Vol. 17,
No. 1, Spring/Summer 1992, co-author: Forrest E. Huffman.
"The Price Effects of Cash Versus Mortgage Transactions," Journal of American Real Estate and Urban Economics Association (now Journal of Real Estate Economics), Vol. 20, No. 1, 1992, co-authors: Forrest E. Huffman, and Seyed Mehdian.
"Price Determinants of Foreclosed Urban Land", Urban Studies, Vol. 29, No. 5, 1992, co-author: Forrest E. Huffman.
"Zoning and Industrial Land Values: the Case of Philadelphia", Journal of American Real Estate and Urban Economics Association (now Journal of Real Estate Economics), Vol. 19, No. 2, 1991 co-author: Forrest E. Huffman.
"Historic Districts and Land Values", Journal of Real Estate Research, Vol. 6, No. 1, Spring 1991 co-author: Forrest E. Huffman (lead article). Reprinted in: The Real Estate Reader, Austin J. Jaffee, ed. (Cambridge: Blackwell Publishers; 1995).
"The Risk-Return Attributes of International Real Estate Equities," Journal of Real Estate Research, Vol. 6, No. 2, Summer 1991, co-authors: Robert Kleiman and Carl McGowan. This article has been featured in two major professional journals, namely: CFA Digest (1992) and International CFA (1992).
"The Value of a Neighborhood Street with Reference to the Cul-de-Sac", the Journal of Real Estate Finance and Economics, Vol. 3, No. 2, June 1990.
"Architecture, Historic Zoning, and the Value of Homes", The Journal of Real Estate Finance and Economics, Vol. 2, 181-195, 1989, co-authors: George Hachey and Steven Grubaugh.
"Limitations of Using Foreign Exchange Rate Hedges to Cover Foreign Real Estate Investments," International Real Estate Journal, Vol. 13, No. 1, 1987, co-authors: Carl McGowan.
"Some Factors Explaining Variations in Rents of Downtown Apartments for 49 Cities of the World", Urban Studies, Vol. 24, 1987, and co-author: Carl McGowan.
"Factors Influencing the Value of Urban Land: Evidence from Halifax-Dartmouth, Canada," Journal of American Real Estate and Urban Economics Association, (now Journal of Real Estate Economics), Vol. 13, No. 4, 1985, and co-author: Barrie Harvey.
"The Relative Lot Size Hypothesis: An Empirical Note", Urban Studies, Vol. 22, 1985, and co-author: Peter F. Colwell.
"Zoning and the Value of Urban Land", Real Estate Issues, published by the American Society of Real Estate Counselors of the National Association of Realtors, spring/summer 1984, co-author: Peter F. Colwell.
"Population Density Functions for Ghanaian (African) Cities: An Empirical Note", Journal of Urban Economics, Vol. 14, 1983, and co-author: K. Owusu-Banahene.
"The Intensity of Residential Land Use in Accra, Ghana", Journal of Urban Economics, Vol. 11, No. 2, March 1982, co-authors: C.F. Sirmans and Peter F. Colwell.
"The Price of Urban Land in a Chiefdom: Empirical Evidence on a Traditional African City, Kumasi", Journal of Regional Science, Vol. 21, No. 4, November 1981.
"The Determinants of Land Values in an African City", Land Economics, Vol. 57, No. 3, August 1981.
Other Publications/Citations:
"Historic Preservation in the U.S.", Illinois Real Estate Letter, Published by the Office of Real Estate Research, University of Illinois at Urbana-Champaign, Summer/Fall 1995.
"Cash Buyers Get a Better Price, Study Says," The Philadelphia Inquirer, September 1, 1991, D1.
"Cash Sales Result in Discounts, Study Says," Philadelphia Inquirer, August 25, 1991, pp. J1-J4.
"Location of Nite Clubs in Ghana", The Eviron, Published by the Faculty of Environmental and Development Studies (formerly Faculty of Architecture), 1995.
Dissertation:
"The Determinants of Land Values in Accra, Ghana." Ph.D., University of Illinois at Urbana-Champaign, 1980.
Honors, Grants and Membership in Professional Associations:
* Temple University, Merit Award, 1996, 1995, 1994, 1993, 1992, 1991.
* Obtained Research Grant from Pennsylvania Real Estate Education
Foundation of the Pennsylvania Association of Realtors (1990).
* Allied Social Sciences Association of Canada (Learned Societies) conference
Of 1984. Won prestigious "Best Paper Award" in the Real Estate and Urban
Economics
* AID Research Grant for a study in Ghana (1979/80)
* Member of American Real Estate Society (ARES)
* Member of American Real Estate and Urban Economics Association
(AREUEA)
* Associate Member of American Institute of Planners (AIP)
* Obtained several Summer Research Grants from Bentley College
* Obtained Summer Research Grant (1984) from St. Mary's University
* Obtained two Summer Research Grants (1988 and 1989) from
University of Connecticut
* Obtained Summer Research Grants from Temple University (1989 and 1990)
Conference Participation:
Have attended and presented papers at scores of conferences at AREUEA, ARES, FMA, African Finance and Economics Association, and so forth.
Other Editorial Work:
* Book Review: Essentials of Corporate Finance, Fifth Edition, 2005.
* Ad hoc Referee for the Land Economics
* Ad hoc Referee for the Journal of Real Estate Research (JRER)
* Ad hoc Referee for the Journal of Real Estate Finance and
Economics (JREFE).
* Ad hoc Referee for the Journal of American Real Estate and
* Book Review: Real Estate Priniciples, First Edition: McGraw-Hill.
Urban Economics Association (AREUEA).
* Book Review: Strategy for Personal Finance, 3/3, McGraw Book co.
* Book Review: Real Estate Principles and Practices, Prentice Hall, 1993.
* Book Review: Real Estate Perspectives, Irwin, 1997.
Committee Membership:
* Promotion and Tenure Committee, School of Business and Management,
Temple University, 1996.
* Dissertation Committee Membership: Young Dan Inyan (1993), School of
Communication, Temple University. Kris Feder (1992) Department of
Economics, Temple University.
* Founding Member of African Finance and Economics Association (AFEA).
* Departmental Representative of Graduate Affairs Committee, SBM, Temple
University (1991/92)
Committee Membership: (Continued)
* Member of Academic Standards Committee, Bentley College (1987/88)
* Member of Adamian Award Committee, Bentley College (1987/88)
* Member of Departmental Curriculum Committee, Bentley College (1987/88)
* Member of Departmental Research Committee, Bentley College (1986/87)
* Member of ad hoc Committee of Internationalizing Bentley College
(1986/87)
* Was a member of an ad hoc committee for recruiting Affirmative?
Action's Officer Bentley College (1980/81)
* Was a member of Strategic Planning Committee for the College Of?
Commerce (St. Mary's University, Canada 1985)
* Was a member of Curriculum Committee (St. Mary's University, Canada?
1984/85)
Personal:
Date of Birth: December 10, 1948
Marital Status: Married with Children
U.S.A.: Citizenship by naturalization
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