Professor, Finance

Visiting Professor, Finance Department, Kwame Nkrumah University of Science and Technology

Chester A. Phillips Professor of Business Finance and Real Estate, Finance

PhD in Finance and Real Estate, University of Wisconsin-Madison

MBA in Finance and Real Estate, University of Wisconsin-Madison

BS in Economics, Kwame Nkrumah University of Science and Technology

Mortgage Choice, Mortgage Pricing, Real Estate Asset Pricing, Unconventional Monetary Policy, REITs, ESG

Dean's Teaching Award - Tippie College of Business, 2006

Outstanding Contribution as Co-Editor - American Real Estate Society, 1996

Homer Hoyt Post Doctoral Award - Weimer School for Advanced Studies in Real Estate, 1989

Old Gold Fellowship - University of Iowa, 1987

Research Grant - Louisiana State University, 1986

Old Gold Fellowship - University of Iowa, 1983

Old Gold Fellowship - University of Iowa, 1982

Best Paper Award - Asian Real Estate Society Conference, 2016

Kawaguchi, Y., Sa-Aadu, J., & Shilling, J. (2017). REIT Stock Volatility and the effects of leverage. Real Estate Economics. 45 (2) pp. 452-477.

Chiang, Y. & Sa-Aadu, J. (In Press). (2014). Optimal Mortgage Contract Choice in the Presence of Pay Option Adjustable Rate Mortgage and Balloon Mortgage. The Journal of Real Estate Finance and Economics. 48 (#4) pp. 709-753.

Garfinkel, J. & Sa-Aadu, J. (2010). A Decade of Living Dangerously: The Causes and Consequences of the Subprime Mortgage Financial Crises In Kolb Series in Finance. pp. 103-107. John Wiley and Sons.

Sa-Aadu, J., Shilling, J. D., & Tiwari, A. (2010). On the Portfolio Properties of Real Estate in Good Times and Bad Times. Real Estate Economics. 38 (3) pp. 529-565.

Sa-Aadu, J., Chun, G., & Shilling, J. (2004). The Role of Real Estate in an Institutional Investor's Portfolio Revisited. The Journal of Real Estate Finance and Economics. 29 (No. 3) pp. 295-320.

Sa-Aadu, J. & Barker, D. R. (2004). Is Real Estate Becoming Important Again? A Neo-Recardian Model of Land Rent. Real Estate Economics. 32 pp. 33-54.

Sa-Aadu, J., Shilling, J. D., & Wang, G. (2000). A Test of Integration and Cointegration of Commercial Mortgage Rates. Journal of Financial Services Research. 18 (No. 1) pp. 45-61.

Sa-Aadu, J., Ciochetti, B., & Shilling, J. D. (1999). The Determinats of Real Estate Asset Allocations in Private and Public Pension Plans. The Journal of Real Estate Finance and Economics. 19 (No. 3) pp. 193 - 210.

Agoba, A. M., Abor, J. Y., Osei, K., Sa-Aadu, J., Amoah, B., & Dzeha, G. C. (2019). Central Bank Independence, Elections and Fiscal Policy in Africa: Examining the Moderating Role of Political Institutions. International Journal of Emerging Markets. DOI: 10.1108IJOEM-08-2018-0423.

Agoba, A. M., Abor, J. Y., Osei, K. A., & Sa-Aadu, J. (2019). DO INDEPEDENT CENTRAL BANKS EXHBIT VARIED BEHAVIOR IN ELECTION AND NON-ELECTION YEARS?: THE CASE OF FISCAL POLICY IN AFRICA. Journal of African Business. ONLINE pp. 1-20.

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

"The Future of Global Real Estate Investments in the Next decade," Guest/Invited Speaker at National Chenghu University, Taipei, Taiwan, July 2012.

"Explaining REIT Stock Price Volatility," Guest/Invited Speaker at Asian Real Estate Society and American Real Estate and Urban Economics Association Joint Internation, Jeju, Korea, Republic of, July 2011.

"UNVENTIONAL MONETARY POLICY AND HOUSING INVESTMENTS," Guest/Invited Speaker at Kwame Nkrumah University of Science and Technology, Kumasi, Ghana, August 2021.

"Unconventional Monetyary Policy and Housing Investments," Guest/Invited Speaker at University of Ghana, Legon, Ghana, August 2021.

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

"A Decade of Living Dangerously: The Causes and Consequences of the Subprime Mortgage Financial Crisis," Guest/Invited Speaker at Kwame Nkrumah University of Science and Technology, Kumasi, Ghana, June 2009.

"A Decade of Living Dangerously: The Causes and Consequences of the Mortgage and Financial Crises," Guest/Invited Speaker at Allied Social Science Association Meetings, San Francisco, California, January 2009.

"A Decade of Living Dangerously: The Causes and Consequences of the Mortgage and Financial Crises," Guest/Invited Speaker at Subprime Housing Crisis Symposium, Iowa City, Iowa, 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," Keynote/Plenary Address at The Annual General Meetings of Shelter Afrique, Lome, Togo, June 2008.

Ilerisoy, M., Sa-Aadu, J., & Tiwari, A. (2017). Market Liquidity, Funding Liquidity, and Hedge Fund Performance.

Sa-Aadu, J. (2015). Auctions with Right of First Refusal and the Bid Chilling Hypothesis: Evidence for Taiwan Land Auctions.

Sa-Aadu, J. (2015). Unconventional Monetary Policy and U.S. Housing Markets Dynamics.

Editorial Board Member, Journal of Housing Studies, January 2001 - July 2017.

Editorial Board Member, Journal of Housing Research, January 1998 - July 2005.

Editorial Board Member, International Real Estate Review, January 2020.