{"id":"https://openalex.org/W2185926752","doi":null,"title":"Default Risk of Securitized Commercial Mortgages: Do Sustainability Property Features Matter?","display_name":"Default Risk of Securitized Commercial Mortgages: Do Sustainability Property Features Matter?","publication_year":2015,"publication_date":"2015-01-01","ids":{"openalex":"https://openalex.org/W2185926752","mag":"2185926752"},"language":"en","primary_location":{"id":"mag:2185926752","doi":null,"is_oa":false,"landing_page_url":"http://capla.arizona.edu/sites/default/files/faculty_papers/Default%20Risk%20of%20Securitized%20Commercial%20Mortgages%20and%20Sustainability%20Features%2C%202015.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101502803","display_name":"Xudong An","orcid":"https://orcid.org/0000-0001-5804-7897","observed_orcids":["https://orcid.org/0000-0001-5804-7897"]},"institutions":[{"id":"https://openalex.org/I26538001","display_name":"San Diego State University","ror":"https://ror.org/0264fdx42","country_code":"US","type":"education","lineage":["https://openalex.org/I26538001"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Xudong An","raw_affiliation_strings":["San Diego State University#TAB#"],"raw_orcid":"https://orcid.org/0000-0001-5804-7897","affiliations":[{"raw_affiliation_string":"San Diego State University#TAB#","institution_ids":["https://openalex.org/I26538001"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5066935485","display_name":"Gary Pivo","orcid":"https://orcid.org/0000-0002-3393-0074","observed_orcids":["https://orcid.org/0000-0002-3393-0074"]},"institutions":[{"id":"https://openalex.org/I138006243","display_name":"University of Arizona","ror":"https://ror.org/03m2x1q45","country_code":"US","type":"education","lineage":["https://openalex.org/I138006243"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Gary Pivo","raw_affiliation_strings":["University of Arizona"],"raw_orcid":"https://orcid.org/0000-0002-3393-0074","affiliations":[{"raw_affiliation_string":"University of Arizona","institution_ids":["https://openalex.org/I138006243"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":4.3432,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.94519779,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9643999934196472,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9643999934196472,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.00839999970048666,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11988","display_name":"Sustainable Building Design and Assessment","score":0.007699999958276749,"subfield":{"id":"https://openalex.org/subfields/2215","display_name":"Building and Construction"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/commercial-mortgage-backed-securities","display_name":"commercial mortgage-backed securities","score":0.9570000171661377},{"id":"https://openalex.org/keywords/mortgage-default-risk","display_name":"mortgage default risk","score":0.8270000219345093},{"id":"https://openalex.org/keywords/building-sustainability","display_name":"building sustainability","score":0.671999990940094},{"id":"https://openalex.org/keywords/walkability","display_name":"walkability","score":0.847000002861023},{"id":"https://openalex.org/keywords/transit-oriented-development","display_name":"transit-oriented development","score":0.9049999713897705},{"id":"https://openalex.org/keywords/sustainable-construction","display_name":"sustainable construction","score":0.8960000276565552},{"id":"https://openalex.org/keywords/leed","display_name":"LEED","score":0.8550000190734863},{"id":"https://openalex.org/keywords/energy-star","display_name":"ENERGY STAR","score":0.9779999852180481},{"id":"https://openalex.org/keywords/green-infrastructure","display_name":"green infrastructure","score":0.7099999785423279},{"id":"https://openalex.org/keywords/traffic-related-air-pollution","display_name":"traffic-related air pollution","score":0.8840000033378601},{"id":"https://openalex.org/keywords/open-space","display_name":"open space","score":0.5839999914169312},{"id":"https://openalex.org/keywords/property-type","display_name":"property type","score":0.6069999933242798},{"id":"https://openalex.org/keywords/sustainable-urbanism","display_name":"sustainable urban design","score":0.7850000262260437},{"id":"https://openalex.org/keywords/loan-performance","display_name":"loan performance","score":0.42500001192092896}],"concepts":[{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.6398944854736328},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5689091682434082},{"id":"https://openalex.org/C138090074","wikidata":"https://www.wikidata.org/wiki/Q572079","display_name":"Ceteris paribus","level":2,"score":0.5373271107673645},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.5111542344093323},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.28073692321777344},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.19267341494560242},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2185926752","doi":null,"is_oa":false,"landing_page_url":"http://capla.arizona.edu/sites/default/files/faculty_papers/Default%20Risk%20of%20Securitized%20Commercial%20Mortgages%20and%20Sustainability%20Features%2C%202015.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.9333000183105469,"display_name":"Sustainable cities and communities","id":"https://metadata.un.org/sdg/11"},{"score":0.5351999998092651,"display_name":"Climate action","id":"https://metadata.un.org/sdg/13"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W181895983","https://openalex.org/W183055784","https://openalex.org/W596639289","https://openalex.org/W657953670","https://openalex.org/W1527775453","https://openalex.org/W1583550201","https://openalex.org/W1586154453","https://openalex.org/W1673119280","https://openalex.org/W1897378287","https://openalex.org/W1907462124","https://openalex.org/W1967360446","https://openalex.org/W1977108564","https://openalex.org/W1980636958","https://openalex.org/W1981400938","https://openalex.org/W1995998303","https://openalex.org/W1997635670","https://openalex.org/W2000262719","https://openalex.org/W2016271958","https://openalex.org/W2018776143","https://openalex.org/W2019828136","https://openalex.org/W2024859208","https://openalex.org/W2030516572","https://openalex.org/W2051026221","https://openalex.org/W2051674515","https://openalex.org/W2067767107","https://openalex.org/W2088526371","https://openalex.org/W2102850806","https://openalex.org/W2103948805","https://openalex.org/W2119812316","https://openalex.org/W2169988107","https://openalex.org/W2174749562","https://openalex.org/W2185669562","https://openalex.org/W2464456278","https://openalex.org/W3121152331","https://openalex.org/W3121238722","https://openalex.org/W3121343782","https://openalex.org/W3121685890","https://openalex.org/W3123256822","https://openalex.org/W3124378774"],"related_works":["https://openalex.org/W2174749562","https://openalex.org/W2770200350","https://openalex.org/W1673119280","https://openalex.org/W4289699995","https://openalex.org/W4285282973","https://openalex.org/W1599080548","https://openalex.org/W1516810050","https://openalex.org/W2972948290","https://openalex.org/W2986132045","https://openalex.org/W2247455218"],"abstract_inverted_index":{"This":[0],"is":[1,105],"the":[2,8,28,167,217,221,239,273,295],"first":[3],"study":[4],"to":[5,111,147,162,243,261,285],"empirically":[6],"examine":[7,24],"relationship":[9],"between":[10],"building":[11],"sustainability":[12,43,76,171,205,225],"features":[13,44,77,172],"and":[14,31,63,68,151,184,186,195,252,264,282,287,290,300],"performance":[15],"of":[16,37,42,95,101,119,122,137,259,275,294],"corresponding":[17],"commercial":[18],"mortgages":[19],"across":[20,246],"property":[21,232,247],"types.":[22],"We":[23,72,214],"22,813":[25],"loans":[26],"in":[27],"CMBS":[29],"universe":[30],"more":[32],"than":[33,131,149],"664,000":[34],"quarterly":[35],"observations":[36],"loan":[38],"performance.":[39],"Two":[40],"types":[41],"are":[45,51,78,142,157,173,212,227],"considered:":[46],"smart":[47],"growth":[48],"locations":[49,187],"that":[50,74,188,199,236,298],"walkable,":[52],"transit-":[53],"oriented,":[54],"near":[55,153],"green":[56,64,210],"infrastructure,":[57],"or":[58],"avoid":[59,189],"traffic-related":[60,190],"air":[61,191],"pollution;":[62],"buildings,":[65],"including":[66,179],"LEED":[67],"Energy":[69,139],"Star":[70,140],"properties.":[71],"find":[73,216,235],"several":[75],"strongly":[79],"associated":[80,174],"with":[81,115,133,175,204],"lower":[82,128],"default":[83,93,129,148,177,218,244,276],"risk":[84,89,94,130,245],"after":[85],"controlling":[86],"for":[87,209,280],"standard":[88],"factors.":[90],"The":[91,207],"mortgage":[92],"buildings":[96],"within":[97],"a":[98,116,125,134,291],"quarter":[99],"mile":[100],"fixed-rail":[102],"transit":[103,251],"stations":[104],"reduced":[106],"by":[107,231,250],"30.1":[108],"percent":[109,127,144,159],"compared":[110],"other":[112,168],"locations,":[113],"properties":[114,132,141,152],"Walk":[117,135],"Score":[118,136],"77":[120],"(out":[121],"100)":[123],"have":[124],"13.5":[126],"45,":[138],"20":[143],"less":[145,160],"likely":[146,161],"others":[150],"protected":[154],"open":[155],"space":[156],"3":[158],"default,":[163],"ceteris":[164],"paribus.":[165],"On":[166],"hand,":[169],"some":[170],"increased":[176],"risk,":[178,277,289],"jobs-worker":[180],"balance":[181],"(for":[182,193],"office":[183,194],"retail)":[185],"pollution":[192],"multifamily":[196],"housing),":[197],"suggesting":[198],"market":[200],"signals":[201],"can":[202],"conflict":[203],"goals.":[206],"results":[208,256],"infrastructure":[211],"ambiguous.":[213],"also":[215],"model":[219],"fits":[220],"data":[222],"better":[223,292],"when":[224],"variables":[226],"included.":[228],"When":[229],"examined":[230],"type":[233],"we":[234],"walkability":[237],"has":[238],"most":[240],"consistent":[241],"benefit":[242],"types,":[248],"followed":[249],"energy":[253],"efficiency.":[254],"Our":[255],"will":[257],"be":[258],"interest":[260],"academics,":[262],"professionals,":[263],"policy":[265],"makers":[266],"because":[267],"they":[268],"give":[269],"new":[270,278],"insights":[271],"into":[272],"geography":[274],"ways":[279],"lenders":[281],"debt":[283],"investors":[284],"predict":[286],"manage":[288],"understanding":[293],"financial":[296],"dynamics":[297],"support":[299],"deter":[301],"sustainable":[302],"urbanism.":[303]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
