A University of Aberdeen professor’s internationally renowned work on property economics and finance has been recognised with a top American award.
Professor Patric H. Hendershott, a half-time Chair in Property Economics and Finance at the University's Business School, was recently presented with the David Ricardo Medal from the American Real Estate Society (ARES). The award represents the highest recognition of scholarly work in the real estate discipline.
According to ARES, the medal is given to "a person who has created a significant body of published research in academic and refereed professional journals, spanning at least two decades, that includes multiple important, influential writings in journals and/or books."
Awardees are considered to be recognised thought leaders, as evidenced by extensive citations of their scholarly research in recognised textbooks, treatises and articles. They are also expected to have "profoundly influenced" the research direction, teaching, public policy and practice of the real estate discipline.
Professor Hendershott, one of the top three most cited real estate authors in the world, was presented with his medal at the ARES annual meeting in San Francisco on April 12. He is its fourth recipient.
Professor Bryan MacGregor, Vice-Principal and Head of the College of Arts and Social Sciences, said he was delighted to have such a distinguished academic working at the University.
"Pat Hendershott is an international leader in property economics and finance and it is a source of considerable pride that he continues to teach and conduct research within the College of Arts and Social Science," he said.
As well as being a half-time Chair in Property Economics and Finance at the University of Aberdeen, Professor Hendershott is currently a visiting half-time chair at San Diego State University. He is also a research associate at the National Bureau of Economic Research, has formerly taught at Northwestern, Purdue and Ohio State Universities and has had visiting professorships at Stanford University, New York University, University of Florida, University of Melbourne and Bond University in Australia. He received his Ph.D. in Economics from Purdue University.
He is a prolific writer with five books and over 140 articles published in journals such as Real Estate Economics, Journal of Real Estate Research, and Journal of Real Estate Finance and Economics. He is also a recipient of the George Bloom Award for Outstanding Contributions to the Field of Real Estate from the American Real Estate and Urban Economics Association.