Rose Neng Lai

University of Macau

Professor in Finance

Av. Da Universidade, Taipa

Macau, Nil

Macau

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 19,218

SSRN RANKINGS

Top 19,218

in Total Papers Downloads

2,537

SSRN CITATIONS
Rank 20,095

SSRN RANKINGS

Top 20,095

in Total Papers Citations

7

CROSSREF CITATIONS

32

Ideas:
“  FinTech Financing and financial stability; Impact of Fintech financing on property markets; Further on housing bubbles;  ”

Scholarly Papers (30)

1.

The Role of Liquidity in Value at Risk - The Case of Hong Kong

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 45 Posted: 24 Aug 2007
Cass Cheng Po Lei and Rose Neng Lai
affiliation not provided to SSRN and University of Macau
Downloads 457 (63,197)
Citation 1

Abstract:

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2.

On the Effectiveness of Housing Purchase Restriction Policy in China: A Difference in Difference Approach

Number of pages: 46 Posted: 25 Mar 2015
Jerry Cao, Bihong Huang and Rose Neng Lai
Independent, University of Macau - Department of Finance and Business Economics and University of Macau
Downloads 443 (65,579)
Citation 2

Abstract:

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housing purchase restriction policy, housing bubble, China, difference in difference

3.

A Regime Shift Model of the Recent Housing Bubble in the United States

Ross School of Business Paper No. 1084
Number of pages: 55 Posted: 13 Aug 2007
Robert Van Order and Rose Neng Lai
University of Michigan - Stephen M. Ross School of Business and University of Macau
Downloads 306 (100,474)
Citation 1

Abstract:

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Bubbles, House Prices, Regime Shift

4.

Herding and Trading Volume

Number of pages: 40 Posted: 22 Aug 2011
Qing Qing Lan and Rose Neng Lai
University of Macau - Faculty of Business Administration and University of Macau
Downloads 176 (173,646)
Citation 1

Abstract:

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5.

Momentum and House Price Growth in the U.S.: Anatomy of a 'Bubble'

Ross School of Business Paper No. 1124
Number of pages: 45 Posted: 21 Jan 2009
Rose Neng Lai and Robert Van Order
University of Macau and University of Michigan - Stephen M. Ross School of Business
Downloads 157 (191,551)

Abstract:

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Price Bubble, House Prices, Regime Shift

6.

On an Efficient Design of Reverse Mortgages: A Possible Solution for Aging Asian Populations

Number of pages: 37 Posted: 24 Nov 2017
Robert C. Merton and Rose Neng Lai
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Macau
Downloads 122 (235,759)
Citation 3

Abstract:

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Retirement, Reverse Mortgage, Securitization, Tranching, Core Capital

7.

Liquidity, Fragility and the Credit Crunch: A Theoretical Explanation and the Introduction of Contingent Convertible Bonds

25th Australasian Finance and Banking Conference 2012
Number of pages: 24 Posted: 22 Aug 2012
Robert A. Van Order and Rose Neng Lai
George Washington University and University of Macau
Downloads 121 (235,759)

Abstract:

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Fragility, Liquidity, CoCo bonds

8.

Shadow Banking and the Property Market in China

Lai, Rose Neng, and Robert Van Order (2019). Shadow Banking and the Property Market in China, International Real Estate Review, Forthcoming
Number of pages: 44 Posted: 02 Jun 2016 Last Revised: 13 Aug 2019
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 118 (240,303)

Abstract:

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Chinese housing market, shadow banking, pooled mean group estimation

9.

Risk Taking, Guarantees, Securitization and the Option to Change Strategy: The Economics of Pulling a Fast One

Ross School of Business Paper No. 1123
Number of pages: 30 Posted: 21 Jan 2009
Rose Neng Lai and Robert Van Order
University of Macau and University of Michigan - Stephen M. Ross School of Business
Downloads 115 (244,840)

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Securitization, Financial Institutions, Risk-taking

10.

Intraday Herding on Cross-Listed Stocks ─ Spillover and Abnormal Return

Number of pages: 38 Posted: 08 Sep 2015
Rose Neng Lai and Yang Zhang
University of Macau and University of Macau
Downloads 110 (252,732)
Citation 1

Abstract:

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Intraday herding, Cross-listing, Information spillover

11.

Housing Bubble and Government Regulation: Evidence from China

Narodowy Bank Polski Workshop: Recent Trends in the Real Estate Market and Its Analysis (2015 Edition) , NBP Working Paper No. 243, Volume 2
Number of pages: 63 Posted: 23 Sep 2016
Jerry Cao, Bihong Huang and Rose Neng Lai
Independent, University of Macau - Department of Finance and Business Economics and University of Macau
Downloads 92 (284,931)

Abstract:

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Home Purchase Restriction Policy, Housing Bubble, China, Difference In

U.S. House Prices Over the Last 30 Years: Bubbles, Regime Shifts and Market (In)Efficiency

Number of pages: 48 Posted: 22 Nov 2014 Last Revised: 25 Mar 2015
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 69 (341,888)
Citation 1

Abstract:

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Housing Bubbles; Pooled Mean Group Estimation; Supply Elasticities

U.S. House Prices Over the Last 30 Years: Bubbles, Regime Shifts and Market (In)Efficiency

Real Estate Economics, Vol. 45, Issue 2, pp. 259-300, 2017
Number of pages: 42 Posted: 19 Apr 2017
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 1 (695,089)
Citation 1
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13.

A Model of Securitization When Bank Optimism and Liquidity Matter

Number of pages: 53 Posted: 26 Nov 2016
Nicole Xu and Rose Neng Lai
The People's Bank of China (PBC) and University of Macau
Downloads 58 (369,364)

Abstract:

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Securitization, Information Asymmetry, Liquidity, Optimism, Financial Crisis, Tranching

14.

Retention Requirements and Incentives for Controlling Inefficient Risk-Taking -- Bridging Banking, Securitization and Capital Requirements

Number of pages: 15 Posted: 22 Nov 2014
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 57 (372,470)

Abstract:

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Financial Institutions, Contingent Convertible Bonds, Management Incentives, Risk-Taking, Dodd-Frank Act

15.

The Envelope Theorem and Identification: Implications for Some Empirical Work in Economics and Finance

Number of pages: 13 Posted: 22 Nov 2014 Last Revised: 10 Feb 2015
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 51 (392,055)

Abstract:

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Envelope Theorem; endogeneity; identification problem

16.

A Tale of Two Countries: Comparing the US and Chinese Housing Markets

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 47 Posted: 04 Aug 2018
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 40 (432,201)
Citation 2

Abstract:

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Chinese Housing Market, US Housing Market, Bubbles, Momentum, (Pooled) Mean Group Estimation

17.

Construction and Sale Decisions of Real Estate Developers Under Heterogeneous Beliefs

Number of pages: 54 Posted: 26 Nov 2016
Nicole Xu and Rose Neng Lai
The People's Bank of China (PBC) and University of Macau
Downloads 22 (519,674)

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Uncertainty, Heterogeneous Beliefs, Real Estate Developer, Optimism

18.

Optimism-Driven Decisions of Real Estate Developers Under Demand Uncertainty

Journal of Real Estate Research, Forthcoming
Number of pages: 53 Posted: 14 Aug 2018
Nicole Xu and Rose Neng Lai
The People's Bank of China (PBC) and University of Macau
Downloads 15 (561,295)

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Optimism, Demand Uncertainty, Heterogeneous Beliefs, Real Estate Developers

19.

Research for the 'Exciting, Dynamic and Unique' Asian Markets: A Commentary on 'Future Research Opportunities for Asian Real Estate'

Lai, Rose Neng (2019). Research for the “Exciting, Dynamic and Unique” Asian Markets: A Commentary on “Future Research Opportunities for Asian Real Estate”, International Journal of Urban Sciences, Forthcoming
Number of pages: 9 Posted: 16 Aug 2019 Last Revised: 18 Sep 2019
Rose Neng Lai
University of Macau
Downloads 4 (633,211)

Abstract:

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Asian real estate markets; big data; disruptive technologies; emerging markets

20.

Momentum and House Price Growth in the United States: Anatomy of a Bubble

Real Estate Economics, Vol. 38, No. 4, pp. 753-773, 2010
Number of pages: 21 Posted: 03 Jan 2011
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 2 (650,375)
Citation 2
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21.

Spillover and Profitability of Intraday Herding on Cross-listed Stocks

Lai, Rose Neng and Yang Zhang (2019). Spillover and Profitability of Intraday Herding on Cross-listed Stocks The Chinese Economy, Chinese Economy, forthcoming.
Number of pages: 53 Posted: 16 Aug 2019
Rose Neng Lai and Yang Zhang
University of Macau and University of Macau
Downloads 1 (662,228)

Abstract:

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Herding; Cross-listing; A-shares; H-shares; Chinese stock markets; Hong Kong stock market

22.

Herding and Positive Feedback Trading on Property Stocks

Journal of Property Investment & Finance, Vol. 26 Issue: 2, pp.110-131
Posted: 30 Mar 2018
Tingyu Zhou and Rose Neng Lai
Florida State University and University of Macau

Abstract:

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23.

Herding and Information Based Trading

Journal of Empirical Finance, Vol. 16, No. 3, 2009
Posted: 26 Mar 2018
Tingyu Zhou and Rose Neng Lai
Florida State University and University of Macau

Abstract:

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24.

Fintech Finance and Financial Fragility ― Focusing on China

Posted: 27 Nov 2017
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University

Abstract:

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Fintech, Shadow Banking, Contagion, Financial Fragility, Interconnectedness

25.

Securitization, Risk‐Taking and the Option to Change Strategy

Real Estate Economics, Vol. 42, Issue 2, pp. 343-362, 2014
Number of pages: 20 Posted: 20 May 2014
Rose Neng Lai and Robert A. Van Order
University of Macau and George Washington University
Downloads 0 (679,174)
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26.

Pricing Relocation–Redevelopment Projects for City Expansion: The Case in China

Real Estate Economics, Vol. 41, Issue 4, pp. 925-957, 2013
Number of pages: 33 Posted: 17 Dec 2013
Jiajin Chen and Rose Neng Lai
CUNY Baruch College and University of Macau
Downloads 0 (679,174)
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27.

Risk-Taking, Securitization and the Option to Change Strategy

Real Estate Economics, Forthcoming
Posted: 27 Nov 2012
Robert Van Order and Rose Neng Lai
University of Michigan - Stephen M. Ross School of Business and University of Macau

Abstract:

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Securitization, financial institutions, risk-taking

28.

Pricing Relocation-Redevelopment Projects for City Expansion - The Case in China

Real Estate Economics, Forthcoming
Posted: 16 May 2012
JiaJin Chen and Rose Neng Lai
affiliation not provided to SSRN and University of Macau

Abstract:

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sequential options, relocation, demolition, redevelopment, government policy

29.

Momentum and House Price Growth in the US: Anatomy of a Bubble

Real Estate Economics, Forthcoming
Posted: 23 Aug 2010 Last Revised: 30 Sep 2010
Rose Neng Lai and Robert Van Order
University of Macau and University of Michigan - Stephen M. Ross School of Business

Abstract:

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Price Bubble, House Prices, Regime Shift

30.

Stickiness of Rental Rates and Developers' Option Exercise Strategies

Journal of Real Estate Finance and Economics, Vol. 34, No. 1, 2007
Posted: 18 Aug 2006
Rose Neng Lai, Ko Wang and Jing Yang
University of Macau, City University of New York (CUNY) - Baruch College - Zicklin School of Business and California State University, Fullerton - Department of Finance

Abstract:

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sticky rents, overbuilding, real options