{"id":"https://openalex.org/W2291234151","doi":"https://doi.org/10.1111/jfir.12089","title":"THE IMPACT OF REAL ESTATE LENDING ON THRIFTS' FRANCHISE VALUES DURING THE 2007\u20132009 CRISIS: A COMPARISON WITH COMMERCIAL BANKS","display_name":"THE IMPACT OF REAL ESTATE LENDING ON THRIFTS' FRANCHISE VALUES DURING THE 2007\u20132009 CRISIS: A COMPARISON WITH COMMERCIAL BANKS","publication_year":2016,"publication_date":"2016-03-01","ids":{"openalex":"https://openalex.org/W2291234151","doi":"https://doi.org/10.1111/jfir.12089","mag":"2291234151"},"language":"en","primary_location":{"id":"doi:10.1111/jfir.12089","doi":"https://doi.org/10.1111/jfir.12089","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jfir.12089","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jfir.12089","source":{"id":"https://openalex.org/S74917840","display_name":"The Journal of Financial Research","issn_l":"0270-2592","issn":["0270-2592","1475-6803"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jfir.12089","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5001432785","display_name":"Valentina Salotti","orcid":"https://orcid.org/0000-0002-6652-9033","observed_orcids":["https://orcid.org/0000-0002-6652-9033"]},"institutions":[{"id":"https://openalex.org/I173911158","display_name":"Iowa State University","ror":"https://ror.org/04rswrd78","country_code":"US","type":"education","lineage":["https://openalex.org/I173911158"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Valentina Salotti","raw_affiliation_strings":["Iowa State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Iowa State University","institution_ids":["https://openalex.org/I173911158"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5044045309","display_name":"Natalya A. Schenck","orcid":"https://orcid.org/0000-0002-8149-8730","observed_orcids":["https://orcid.org/0000-0002-8149-8730"]},"institutions":[{"id":"https://openalex.org/I1308613035","display_name":"Office of the Comptroller of the Currency","ror":"https://ror.org/0188dhg98","country_code":"US","type":"government","lineage":["https://openalex.org/I1300891529","https://openalex.org/I1308613035"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Natalya A. Schenck","raw_affiliation_strings":["The Office of the Comptroller of the Currency"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Office of the Comptroller of the Currency","institution_ids":["https://openalex.org/I1308613035"]}]},{"author_position":"last","author":{"id":null,"display_name":"John H. Thornton","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I149910238","display_name":"Kent State University","ror":"https://ror.org/049pfb863","country_code":"US","type":"education","lineage":["https://openalex.org/I149910238"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John H. Thornton","raw_affiliation_strings":["Kent State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kent State University","institution_ids":["https://openalex.org/I149910238"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3470,"currency":"USD","value_usd":3470},"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":"39","issue":"1","first_page":"35","last_page":"62"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9916999936103821,"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"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9916999936103821,"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/T10632","display_name":"Housing Market and Economics","score":0.002899999963119626,"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/T14154","display_name":"finance, banking, and market dynamics","score":0.0010000000474974513,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/thrift","display_name":"thrift","score":0.671999990940094},{"id":"https://openalex.org/keywords/real-estate-loans","display_name":"real estate lending","score":0.7059999704360962},{"id":"https://openalex.org/keywords/franchise-value","display_name":"franchise value","score":0.7760000228881836},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.9480000138282776},{"id":"https://openalex.org/keywords/commercial-real-estate","display_name":"commercial real estate","score":0.6940000057220459},{"id":"https://openalex.org/keywords/residential-real-estate","display_name":"residential real estate","score":0.8700000047683716},{"id":"https://openalex.org/keywords/loan-portfolio-diversification","display_name":"loan portfolio diversification","score":0.8930000066757202},{"id":"https://openalex.org/keywords/housing-bubble","display_name":"housing bubble","score":0.6010000109672546}],"concepts":[{"id":"https://openalex.org/C2778440429","wikidata":"https://www.wikidata.org/wiki/Q171947","display_name":"Franchise","level":2,"score":0.7800577282905579},{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.735454261302948},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6690181493759155},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.6281786561012268},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.5707218050956726},{"id":"https://openalex.org/C2777596936","wikidata":"https://www.wikidata.org/wiki/Q727002","display_name":"Charter","level":2,"score":0.5611016154289246},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.556127667427063},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5279335379600525},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.42578640580177307},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.42294448614120483},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3465251326560974},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.29405122995376587},{"id":"https://openalex.org/C178550888","wikidata":"https://www.wikidata.org/wiki/Q2043282","display_name":"Business administration","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/jfir.12089","doi":"https://doi.org/10.1111/jfir.12089","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jfir.12089","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jfir.12089","source":{"id":"https://openalex.org/S74917840","display_name":"The Journal of Financial Research","issn_l":"0270-2592","issn":["0270-2592","1475-6803"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:jfnres:v:39:y:2016:i:1:p:35-62","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/jfir.12089","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1111/jfir.12089","doi":"https://doi.org/10.1111/jfir.12089","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jfir.12089","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jfir.12089","source":{"id":"https://openalex.org/S74917840","display_name":"The Journal of Financial Research","issn_l":"0270-2592","issn":["0270-2592","1475-6803"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Research","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320308931","display_name":"U.S. Department of the Treasury","ror":"https://ror.org/028t43p77"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2291234151.pdf","grobid_xml":"https://content.openalex.org/works/W2291234151.grobid-xml"},"referenced_works_count":51,"referenced_works":["https://openalex.org/W84692971","https://openalex.org/W1513599996","https://openalex.org/W1522479808","https://openalex.org/W1524157767","https://openalex.org/W1569833439","https://openalex.org/W1605239083","https://openalex.org/W1688027101","https://openalex.org/W1983355754","https://openalex.org/W1994294864","https://openalex.org/W1995834279","https://openalex.org/W2000329324","https://openalex.org/W2002869541","https://openalex.org/W2029023465","https://openalex.org/W2039987590","https://openalex.org/W2042007842","https://openalex.org/W2044913161","https://openalex.org/W2053483294","https://openalex.org/W2061364641","https://openalex.org/W2072183341","https://openalex.org/W2084894276","https://openalex.org/W2097660935","https://openalex.org/W2108491286","https://openalex.org/W2110483188","https://openalex.org/W2115929984","https://openalex.org/W2126250308","https://openalex.org/W2133864799","https://openalex.org/W2136120210","https://openalex.org/W2146616257","https://openalex.org/W2151666457","https://openalex.org/W2153183704","https://openalex.org/W2153207190","https://openalex.org/W2154046419","https://openalex.org/W2183130252","https://openalex.org/W2183844092","https://openalex.org/W3022626953","https://openalex.org/W3121193531","https://openalex.org/W3121519315","https://openalex.org/W3121998573","https://openalex.org/W3122008670","https://openalex.org/W3122018621","https://openalex.org/W3122914324","https://openalex.org/W3123042789","https://openalex.org/W3123113335","https://openalex.org/W3123268248","https://openalex.org/W3123733961","https://openalex.org/W3124150409","https://openalex.org/W3124579857","https://openalex.org/W3124640004","https://openalex.org/W3125096960","https://openalex.org/W3125688476","https://openalex.org/W3126083903"],"related_works":["https://openalex.org/W4207084817","https://openalex.org/W2157340623","https://openalex.org/W3008940248","https://openalex.org/W3124579857","https://openalex.org/W7095374603","https://openalex.org/W4414856195","https://openalex.org/W4412939267","https://openalex.org/W7037562048","https://openalex.org/W2229761904","https://openalex.org/W198451690"],"abstract_inverted_index":{"Abstract":[0],"The":[1],"real":[2,31,56,65],"estate":[3,32,66],"bubble":[4],"and":[5,19,41,45],"2007\u20132009":[6],"financial":[7],"crisis":[8],"revived":[9],"the":[10,13,16,28,47,73,82,90,98],"debate":[11],"about":[12],"viability":[14],"of":[15,30,37],"thrift":[17,99],"charter":[18],"its":[20],"imposed":[21],"limits":[22],"on":[23,34,84,92],"lending":[24],"diversification.":[25],"We":[26,79],"compare":[27],"impact":[29],"exposure":[33],"franchise":[35,77],"values":[36],"publicly":[38],"traded":[39],"thrifts":[40,50],"size\u2010matched":[42],"banks":[43,58],"during":[44],"after":[46],"crisis.":[48],"Whereas":[49],"are":[51,94],"mostly":[52],"exposed":[53],"to":[54,97],"residential":[55],"estate,":[57],"have":[59],"a":[60],"higher":[61],"concentration":[62],"in":[63,75],"commercial":[64],"(CRE),":[67],"which":[68],"is":[69],"significantly":[70],"associated":[71],"with":[72],"decline":[74],"their":[76],"values.":[78],"conclude":[80],"that":[81],"constraints":[83],"loan":[85],"portfolio":[86],"diversification,":[87],"such":[88],"as":[89],"one":[91],"CRE,":[93],"not":[95],"detrimental":[96],"charter.":[100]},"counts_by_year":[{"year":2024,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
