Crocker Herbert Liu

Cornell University - School of Hotel Administration

435B Statler Hall

Ithaca, NY 14853-6902

United States

  • Cornell University - School of Hotel Administration

SCHOLARLY PAPERS

21

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Top 27,189

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35

Scholarly Papers (21)

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1.

Asset Management and Investment Banking

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 46 Posted: 15 Feb 2013 Last Revised: 14 May 2014
Janis Berzins, Crocker Herbert Liu and Charles Trzcinka
BI Norwegian Business School, Cornell University - School of Hotel Administration and Indiana University - Kelley School of Business - Department of Finance
Downloads 686 (81,647)
Citation 7

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investment bank, Institutional funds, hedge funds, mutual funds, performance evaluation

2.

A New Lease on Firm Behavior

Downloads 608 (95,678)
Citation 2

A New Lease on Firm Behavior

Number of pages: 81 Posted: 23 Sep 2020 Last Revised: 06 Feb 2025
Matteo Binfarè, Robert A. Connolly, Fotis Grigoris and Crocker Herbert Liu
University of Missouri at Columbia - Department of Finance, University of Florida, University of Iowa - Department of Finance and Cornell University - School of Hotel Administration
Downloads 534 (111,049)
Citation 2

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ASC 842, Capital Structure, Discount Rate, Operating Lease, Secured Debt

A New Lease on Firm Behavior

Number of pages: 81 Posted: 23 Mar 2024 Last Revised: 08 Apr 2025
Matteo Binfarè, Crocker Herbert Liu, Fotis Grigoris and Robert Connolly
University of Missouri at Columbia - Department of Finance, Cornell University - School of Hotel Administration, University of Iowa and University of Florida
Downloads 74 (699,807)

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ASC 842, Capital Structure, Discount Rate, Lease, Secured Debt

3.

Financial Decision Making When Buying and Owning a Home

Number of pages: 40 Posted: 21 Sep 2014
Sumit Agarwal, Crocker Herbert Liu, Walter N. Torous and Vincent Yao
National University of Singapore, Cornell University - School of Hotel Administration, Massachusetts Institute of Technology and Georgia State University - J. Mack Robinson College of Business
Downloads 489 (124,945)
Citation 5

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Household Finance, Mortgages, Refinance, Option Value, Financial Crisis

4.

The Mistakes People Make: Financial Decision Making when Buying and Owning a Home

MIT Center for Real Estate Research Paper No. 21/09
Number of pages: 56 Posted: 17 Feb 2021
Sumit Agarwal, Crocker Herbert Liu, Walter N. Torous and Vincent Yao
National University of Singapore, Cornell University - School of Hotel Administration, Massachusetts Institute of Technology and Georgia State University - J. Mack Robinson College of Business
Downloads 424 (147,978)

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Household Finance, Mortgages, Refinance, Option Value, Financial Crisis

5.

Assessing Proxies for Market Prices of Thinly Traded Assets with Scheduled Cash Flows

Downloads 229 (284,647)

Assessing Proxies for Market Prices of Thinly Traded Assets with Scheduled Cash Flows

MIT Center for Real Estate Research Paper No. 22/09, SMU Cox School of Business Research Paper No. 22-21
Number of pages: 37 Posted: 05 Oct 2022
Wally Boudry, Crocker Herbert Liu, Tobias Muhlhofer and Walter N. Torous
Southern Methodist University (SMU) - Real Estate, Insurance, & Business Law Department, Cornell University - School of Hotel Administration, Southern Methodist University (SMU) - Finance Department and Massachusetts Institute of Technology
Downloads 185 (346,913)

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Assessing Proxies for Market Prices of Thinly Traded Assets with Scheduled Cash Flows

SMU Cox School of Business Research Paper No. 23-21
Number of pages: 36 Posted: 08 Nov 2023
Wally Boudry, Crocker Herbert Liu, Tobias Muhlhofer and Walter Torous
Southern Methodist University (SMU) - Real Estate, Insurance, & Business Law Department, Cornell University - School of Hotel Administration, Southern Methodist University (SMU) - Finance Department and Massachusetts Institute of Technology (MIT)
Downloads 44 (905,507)

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Pseudo PricesMarket Price ProxiesCommercial Real EstateCommercial Mortgage-Backed Securities

6.

Real Assets, Liquidation Value and Choice of Financing

Downloads 0 (301,063)

Real Assets, Liquidation Value and Choice of Financing

Real Estate Economics, Forthcoming
Posted: 20 Mar 2015
Crocker Herbert Liu, Peng Liu and Zhipeng Zhang
Cornell University - School of Hotel Administration, Cornell University and Boston College

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Financing, REITs, Tenant Quality, Firesale Discount, Industry Diversification, Liquidation Value, Cap Rate, Capital Structure

7.

Professional Sports Events, Concerts, and Urban Place Based Policy: Evidence from the Staples Center

Number of pages: 24 Posted: 27 Nov 2017
Yulia Chikish, Brad R. Humphreys, Crocker Herbert Liu and Adam Nowak
West Virginia University - Department of Economics, West Virginia University - Department of Economics, Cornell University - School of Hotel Administration and West Virginia University
Downloads 209 (310,569)
Citation 2

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place based policy, hotel operating performance, professional sports

8.

Asymmetric or Incomplete Information about Asset Values?

Number of pages: 96 Posted: 17 Oct 2018 Last Revised: 14 Mar 2019
Crocker Herbert Liu, Adam Nowak and Patrick S. Smith
Cornell University - School of Hotel Administration, West Virginia University and UNC Charlotte
Downloads 205 (316,321)
Citation 13

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Asset pricing, Asymmetric Information, Omitted variable bias, Textual analysis

9.

The Chinese Trading Halt Puzzle

Swiss Finance Institute Research Paper No. 23-62, Kelley School of Business Research Paper No. 2023-4352503
Number of pages: 60 Posted: 10 Feb 2023 Last Revised: 18 Nov 2024
Crocker Herbert Liu, Charles Trzcinka and Ziwei Zhao
Cornell University - School of Hotel Administration, Indiana University - Kelley School of Business - Department of Finance and University of Lausanne
Downloads 174 (367,290)

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feedback, trading, halts, fundamentals, noise traders, liquidity

10.

RETurning to REITs

Number of pages: 47 Posted: 17 May 2022
Thomas J. Emmerling, Eunkyu Lee, Crocker Herbert Liu and Yildiray Yildirim
Paramax Corporation, Zicklin School of Business, Baruch College - The City University of New York, Cornell University - School of Hotel Administration and Zicklin School of Business, Baruch College - The City University of New York
Downloads 155 (408,132)

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Great Depression, Great Recession, Real Estate Trusts, REITs

11.

Performing Up to Par? Hospitality Firms After ASU 2016-02

Number of pages: 34 Posted: 27 Aug 2023 Last Revised: 13 Jan 2024
Youngki Jang, Crocker Herbert Liu, David Weinbaum and Nir Yehuda
University of Delaware, Cornell University - School of Hotel Administration, Syracuse University and University of Delaware - Accounting & MIS
Downloads 154 (408,132)

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leases, recognition, hospitality industry

12.

A Theory of Durable Asset Leasing

Number of pages: 42 Posted: 11 Dec 2022 Last Revised: 01 Nov 2023
Soon Hyeok Choi and Crocker Herbert Liu
Rochester Institute of Technology (RIT) - Saunders College of Business and Cornell University - School of Hotel Administration
Downloads 138 (448,516)

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Durable Asset, Leasing, Collateral Channel, Real Estate

13.

Using Cash Flow Dynamics to Price Thinly Traded Assets: The Case of Commercial Real Estate

Number of pages: 46 Posted: 02 Nov 2014
Walter Boudry, Crocker Herbert Liu, Tobias Muhlhofer and Walter N. Torous
Cornell University, Cornell University - School of Hotel Administration, University of Miami - Department of Finance and Massachusetts Institute of Technology
Downloads 123 (491,849)

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Thinly traded assets, asset pricing, panel vector autoregression, commercial real estate

14.

On the Price Comovement of U.S. Residential Real Estate Markets

Downloads 0 (514,421)

On the Price Comovement of U.S. Residential Real Estate Markets

Real Estate Economics, Forthcoming
Posted: 07 Aug 2012
Jarl G. Kallberg, Crocker Herbert Liu and Paolo Pasquariello
New York University (NYU) - Department of Finance, Cornell University - School of Hotel Administration and University of Michigan, Stephen M. Ross School of Business

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Real Estate, Correlation, Contagion, Housing Bubble, Credit Crisis

15.

School Quality as a Catalyst for Bidding Wars and New Housing Development

Number of pages: 82 Posted: 17 Jun 2019 Last Revised: 01 Dec 2022
Crocker Herbert Liu and Patrick S. Smith
Cornell University - School of Hotel Administration and UNC Charlotte
Downloads 95 (593,870)

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bidding wars, construction, housing demand, housing development, school quality

16.

Using Cash Flow Dynamics to Price Thinly Traded Assets

Number of pages: 49 Posted: 27 Nov 2017 Last Revised: 09 Jul 2019
Walter Boudry, Crocker Herbert Liu, Tobias Muhlhofer and Walter N. Torous
Cornell University, Cornell University - School of Hotel Administration, University of Miami - Department of Finance and Massachusetts Institute of Technology
Downloads 92 (601,710)
Citation 1

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asset pricing, thinly traded assets, panel vector autoregression, fixed income, commercial mortgage-backed securities

17.

Is What's Bad for the Goose (Tenant), Bad for the Gander (Landlord)? A Retail Real Estate Perspective

Journal of Real Estate Research, Vol. 35, No. 3, 2013
Number of pages: 34 Posted: 15 Jan 2014
Crocker Herbert Liu and Peng Liu
Cornell University - School of Hotel Administration and Cornell University
Downloads 65 (733,630)
Citation 5

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bankruptcy announcement, bankruptcy, retail lease, growth option

18.

Pricing the Upside Potential to Downside Risk

Number of pages: 51 Posted: 15 Apr 2025
Soon Hyeok Choi, Robert A. Jarrow, Crocker Herbert Liu and Daniel Lebret
Rochester Institute of Technology (RIT) - Saunders College of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management, Cornell University - School of Hotel Administration and Cornell SC Johnson College of Business - The Hotel School
Downloads 21 (1,143,658)

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Real Estate, Credit Risk, Arbitrage Pricing, Financial Stability, Option Pricing

19.

Determinants of Hotel Property Prices

Journal of Real Estate Finance and Economics, Vol. 51, No. 3, 2015
Posted: 22 Aug 2015
John B. Corgel and Crocker Herbert Liu
Cornell University and Cornell University - School of Hotel Administration

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Commercial real estate; Hedonic model; Hotel

20.

On Indexing Commercial Real Estate Properties and Portfolios

Journal of Real Estate Finance and Economics, Vol. 47, No. 4, 2013
Posted: 06 Nov 2013
Walter Boudry, N. Edward Coulson and Crocker Herbert Liu
Cornell University, University of California, Irvine - Paul Merage School of Business and Cornell University - School of Hotel Administration

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Indexing; Basis risk; Real estate portfolios

21.

On the Hybrid Nature of REITs

Journal of Real Estate Finance and Economics, Vol. 44, No. 1/2, 2012
Posted: 25 Jan 2012
Walter Boudry, N. Edward Coulson, Jarl G. Kallberg and Crocker Herbert Liu
Cornell University, University of California, Irvine - Paul Merage School of Business, New York University (NYU) - Department of Finance and Cornell University - School of Hotel Administration

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REITs, Cointegration