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J Sa Aaudu
Professor and Interim DEO, Department of Economics
Chester A. Phillips Professor of Business Finance and Real Estate
Contact
319-335-0930
Office
S220 Pappajohn Business Building (PBB)
Academic history 
PhD in Finance and Real Estate, University of Wisconsin-Madison, 1980
MBA in Finance and Real Estate, University of Wisconsin-Madison, 1976
BS in Economics, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana, 1973
Expertise 
Fixed Income Securities
Mortgage Choice and Mortgage Pricing
Real Estate Finance and Investments
Real Estate Investment Trust (REITs)
Structured Finance/Asset-backed securitization
Awards 
Regents Award for Faculty Excellence, University of Iowa, August 2006
Dean's Teaching Award, Henry B. Tippie College of Business, May 2006
Editor of Special Issue of Journal of Real Estate Research, The American Real Estate Society, April 1998
Outstanding Contribution as Co-Editor, American Real Estate Society, March 1996
Homer Hoyt Post Doctoral Award, Weimer School for Advanced Studies in Real Estate, January 1989
Old Gold Fellowship, University of Iowa, June 1987
Louisiana State Research Grant, Louisiana State University, September 1986
Old Gold Fellowship, University of Iowa, August 1983
Old Gold Fellowship, University of Iowa, August 1982
Selected publications 

Optimal Mortgage Contract Choice in the Presence of Pay Option Adjustable Rate Mortgage and Balloon Mortgage. Jay Sa-Aadu, Chen Yao Min, Journal of Real Estate Finance and Economics (forthcoming)

On the Portfolio Properties of Real Estate in Good Times and Bad Times. Jay Sa-Aadu, James D. Shilling, Ashish Tiwari, Real Estate Economics, 2010, vol 38, 529-565

The Role of Real Estate in an Institutional Investor's Portfolio Revisited. Jay Sa-Aadu, Gregory Chun, James Shilling, Journal of Real Estate Finance and Economics, 2004, vol 29, 295-320

Is Real Estate Becoming Important Again? A Neo-Recardian Model of Land Rent. Jay Sa-Aadu, David R. Barker, Real Estate Economics, 2004, vol 32, 33-54

A Test of Integration and Cointegration of Commercial Mortgage Rates. Jay Sa-Aadu, James D. Shilling, George Wang, Journal of Financial Services Research, 2000, vol 18, 45-61

The Determinats of Real Estate Asset Allocations in Private and Public Pension Plans. Jay Sa-Aadu, Brian Ciochetti, James D. Shilling, Journal of Real Estate Finance and Economics, 1999, vol 19, 193 - 210

Working papers 

Market Liquidity, Funding Liquidity, and Hedge Fund Performance. Mahmut Ilerisoy, Jay Sa-Aadu, Ashish Tiwari

Auctions with Right of First Refusal and the Bid Chilling Hypothesis: Evidence for Taiwan Land Auctions. Jay Sa-Aadu

Unconventional Monetary Policy and U.S. Housing Markets Dynamics. Jay Sa-Aadu

REIT Stock Volatility during the Financial Crisis. Yuichiro Kawaguchi, Jay Sa-Aadu, James Shilling

Other work 

A Decade of Living Dangerously: The Causes and Consequences of the Subprime Mortgage Financial Crises. Jon Garfinkel, Jay Sa-Aadu, John Wiley and Sons, Kolb Series in Finance, 2010, 103-107

Current and prior positions 
Visiting Professor of Finance, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana, 2006 - Present
Professor of Finance, The University of Iowa, 1994 - Present
Associate Dean, School of Management, Henry B. Tippie College of Business, The University of Iowa, June 2008 - May 2013
Visiting Professor of Finance and Real Estate, Hanken School of Bsuiness, Helsinki, Finland, 2004 - 2011
Visiting Professior of Finance and Real Estate, City University of Hong Kong, 2000 - 2006
DEO, Department of Finance, The University of Iowa, July 1982 - June 2004
Associate Professor, The University of Iowa, August 1988 - July 1994
Associate Professor of Finance and Real Estate, University of Florida, Gainesville, FL, August 1988 - August 1990
Visiting Assistant Professor of Finance, Louisiana State University, Baton Rouge, LA, August 1986 - May 1987
Assistant Professor of Finance, The University of Iowa, August 1981 - May 1987
Business Specialist, Small Business Development Center, University of Wisconsin, Madison, WI, August 1979 - July 1981
Research Assistant, University of Wisconsin, Madison, WI, August 1977 - July 1979
Teaching Assistant, University of Science and Technology, Kumasi, Ghana, September 1973 - July 1974
Review and editorial work 

Referee, Real Estate Economics, 2003 - Current

Editorial Board Member, Journal of Housing Studies, 2001 - Current

Editorial Board Member, Journal of Housing Research, 1998 - Current

Editorial Board Member, Real Estate Economics, 1992 - Current

Review Panels, Journal of Real Estate Finance and Economics, 1982 - Current

Review Panels, Cornel University, February 2015 - March 2015

Referee, Journal of Money Credt and Banking, January 2014 - February 2015

Referee, Journal of Financial Intermediation, May 2014 - November 2014

Referee, National Science Foundation, 2006 - 2006

Presentations 

National Taiwan Univesity, October 2014

REIT Stock Volatility during the Financial Crisis. Allied Social Sciences Association (ASSA)/American Real Estate and Urban Economics Association (AREUEA), January 2013, San Diego, San Diego, California, January 2013

The Future of Global Real Estate Investments in the Next decade. National Chenghu University Real Estate Conference, Taipei, Taiwan, July 2012

Explaining REIT Stock Price Volatility. Asian Real Estate Society and American Real Estate and Urban Economics Association Joint International Conference, Jeju, South Korea, July 2011, Jeju, South Korea, July 2011

Developing Financial Stability in Turbulent Real Estate Markets. Asian Finance Association Annual Meeting, Macau, SAR, Macau, SAR, July 2010

A Decade of Living Dangerously: The Causes and Consequences of the Subprime Mortgage Financial Crisis., Kumasi, Ghana, June 2009

A Decade of Living Dangerously: The Causes and Consequences of the Mortgage and Financial Crises. Allied Social Science Association Meetings, San Francisco, CA, January 2009

A Decade of Living Dangerously: The Causes and Consequences of the Mortgage and Financial Crises. Subprime Housing Crisis Symposium, Iowa City, IA, October 2008

Perspective on the U.S. Subprime Mortgage Crisis and the Financial Contagion: Lessons and Implications for Mortgage and Financial Markets Development in Africa. The Annual General Meetings of Shelter Afrique, Lome, Togo, June 2008

Committees and professional service 
Deans Advisory Council, 2015 - Current
Dean Advisory Committee, 2006 - Current
Diversity Committee, 2006 - Current
Honorary Degree Selection Committee, 2006 - Current
Commitee on the Selction of Central Academic Officials, 2005 - Current
Proposal for Master of Science in Finance, 2014 - 2015
Faculty Senate, 2005 - 2008
Presidential Search Committee, 2007