Peng Liu

Cornell University

Associate Professor

465B Statler Hall

Ithaca, NY 14853

United States

http://www.professorliu.net

SCHOLARLY PAPERS

21

DOWNLOADS
Rank 8,202

SSRN RANKINGS

Top 8,202

in Total Papers Downloads

4,644

CITATIONS
Rank 19,392

SSRN RANKINGS

Top 19,392

in Total Papers Citations

16

Scholarly Papers (21)

1.

Real Earnings Management and Dividend Payout Signals: A Study for U.S. Real Estate Investment Trusts

(CAAA) 2008 Annual Conference Paper
Number of pages: 40 Posted: 03 Jan 2008
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics, Cornell University and McGill University - Desautels Faculty of Management
Downloads 847 (17,192)
Citation 1

Abstract:

Keywords: Real Estate Investment Trusts (REITs), Regulation, Dividend Payout, Real Earnings Management, Taxable Income

2.

Economic Linkages, Relative Scarcity, and Commodity Futures Returns

Number of pages: 50 Posted: 26 Nov 2008 Last Revised: 31 Jul 2012
Jaime Casassus, Peng Liu and Ke Tang
Pontificia Universidad Catolica de Chile, Cornell University and Institute of Economics, School of Social Science, Tsinghua University
Downloads 621 (34,730)
Citation 1

Abstract:

commodity futures, economic linkages, relative scarcity, correlation term structure, convenience yields, spread options

3.

Rational Herding in Microloan Markets: Online Appendix

Management Science, Vol. 58, No. 5, May 2012
Number of pages: 10 Posted: 19 Sep 2011 Last Revised: 06 Jun 2012
Juanjuan Zhang and Peng Liu
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Cornell University
Downloads 501 (33,256)
Citation 8

Abstract:

Rational Herding, Observational Learning, Bayesian Inference, Microloan Markets, Peer-to-Peer Lending, Prosper.com

4.

The Stochastic Behavior of Commodity Prices with Heteroskedasticity in the Convenience Yield

Journal of Empirical Finance, Forthcoming
Number of pages: 26 Posted: 25 Mar 2008 Last Revised: 18 Dec 2010
Peng Liu and Ke Tang
Cornell University and Institute of Economics, School of Social Science, Tsinghua University
Downloads 476 (46,689)
Citation 3

Abstract:

commodity, convenience yield, heteroskedasticity, affine models, volatility smile

5.

Financial-Demand Based Commodity Pricing: A Theoretical Model for Financialization of Commodities

Number of pages: 36 Posted: 19 Oct 2011 Last Revised: 08 Sep 2012
Peng Liu, Zhigang Qiu and Ke Tang
Cornell University, Renmin University of China and Institute of Economics, School of Social Science, Tsinghua University
Downloads 393 (51,906)

Abstract:

commodities, financial demand, demand based asset pricing, convenience yield

SEC Intervention and Industry Guidance: The Effect on Non-GAAP Financial Disclosures

CAAA Annual Conference 2009 Paper
Number of pages: 51 Posted: 14 Jan 2009
Steve Fortin, Peng Liu and Desmond Tsang
McGill University - Desautels Faculty of Management, Cornell University and McGill University - Desautels Faculty of Management
Downloads 163 (154,706)

Abstract:

Non-GAAP Reporting, Regulation G, Sarbanes-Oxley, Industry Guidance, Funds from Operations, REIT

SEC Intervention and Industry Guidance: The Effect on Non-GAAP Financial Disclosures

Number of pages: 50 Posted: 18 Sep 2008 Last Revised: 08 Dec 2014
Steve Fortin, Peng Liu and Desmond Tsang
McGill University - Desautels Faculty of Management, Cornell University and McGill University - Desautels Faculty of Management
Downloads 105 (219,944)

Abstract:

Non-GAAP reporting, Regulation G, Sarbanes-Oxley, Industry Guidance, Funds from Operations, REIT

Mortgage Prepayment and Default Behavior with Embedded Forward Contract Risks in China's Housing Market

Number of pages: 39 Posted: 06 Aug 2008
Yongheng Deng and Peng Liu
National University of Singapore, Business School and the School of Design and Environment and Cornell University
Downloads 255 (100,281)
Citation 2

Abstract:

Mortgage, Prepayment, Default, Credit Risk, Forward Contract, Pre-sale

Mortgage Prepayment and Default Behavior with Embedded Forward Contract Risks in China's Housing Market

Journal of Real Estate Finance and Economics, Vol. 38, No. 3, 2009
Posted: 09 Nov 2008
Yongheng Deng and Peng Liu
National University of Singapore, Business School and the School of Design and Environment and Cornell University

Abstract:

mortgage, prepayment, default, credit risk, forward contract, pre-sale

8.

The Markets for Real Estate Presales: A Theoretical Approach

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 29 Posted: 24 Mar 2008 Last Revised: 20 Sep 2011
Cornell University, University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and Citadel LLC
Downloads 191 (106,486)

Abstract:

Presale, Hedge Real Estate Risks, Housing, Heterogeneous Beliefs

Real Assets, Liquidation Value and Choice of Financing

Number of pages: 47 Posted: 08 Dec 2010
Cornell University, Arizona State University and Boston College
Downloads 131 (185,878)

Abstract:

Capital Structure, Financing Choice, Liquidation Value, Real Estate

Real Assets, Liquidation Value and Choice of Financing

Real Estate Economics, Forthcoming
Posted: 20 Mar 2015
Cornell University - School of Hotel Administration, Cornell University and Boston College

Abstract:

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

10.

Does (and What) Illiquidity Matter for Real Estate Prices? Measure and Evidence

Number of pages: 38 Posted: 21 Jan 2012
Wenlan Qian and Peng Liu
National University of Singapore - NUS Business School and Cornell University
Downloads 126 (160,467)

Abstract:

liquidity, real estate, price impact, search cost, flight-to-liquidity, crisis

Foreclosure of Securitized Commercial Mortgages - A Model of the Special Servicer

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 26 Posted: 15 Aug 2011 Last Revised: 15 Nov 2011
Peng Liu and Daniel C. Quan
Cornell University and Cornell University - School of Hotel Administration
Downloads 110 (212,601)
Citation 1

Abstract:

CMBS, Special Servicer, Foreclosure, Optimal Contract Design, First-loss Bond

Foreclosure of Securitized Commercial Mortgages - A Model of the Special Servicer

Journal of Real Estate Finance and Economics, Vol. 46, No. 2, 2013
Posted: 13 Feb 2013
Peng Liu and Daniel C. Quan
Cornell University and Cornell University - School of Hotel Administration

Abstract:

CMBS, Special servicer, Foreclosure, Optimal contract design, First-loss bond

12.

Maximal Affine Models for Multiple Commodities: A Note

Number of pages: 17 Posted: 09 Sep 2012
Jaime Casassus, Peng Liu and Ke Tang
Pontificia Universidad Catolica de Chile, Cornell University and Institute of Economics, School of Social Science, Tsinghua University
Downloads 98 (210,219)

Abstract:

maximal affine models, multiple commodities, futures prices

List Price Information in the Negotiation of Commercial Real Estate Transactions: Is Silence Golden?

Number of pages: 27 Posted: 13 Jun 2012
Dean H. Gatzlaff and Peng Liu
Florida State University and Cornell University
Downloads 73 (278,255)

Abstract:

commercial real estate sales, negotiation, listing price, anchoring, signaling

14.

Pricing Reservations: A General Equilibrium Approach

Number of pages: 21 Posted: 23 Sep 2012
Peng Liu
Cornell University
Downloads 40 (305,742)

Abstract:

reservation, hotel demand, revenue management, service

15.

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 7 (499,093)

Abstract:

bankruptcy announcement, bankruptcy, retail lease, growth option

16.

The Economics of Commercial Real Estate Preleasing

Journal of Real Estate Finance and Economics, Vol. 53, No. 2, 2016
Posted: 23 Jun 2016
Robert H. Edelstein and Peng Liu
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and Cornell University

Abstract:

Prelease, Rental price risk; Leasing, Commercial real estate, Capitalization rate

17.

A Direct Test of the Free Cash Flow Hypothesis: Evidence from Real Estate Transactions

Journal of Real Estate Finance and Economics, Vol. 52, No. 4, 2016
Posted: 15 Apr 2016
Yongqiang Chu and Peng Liu
University of South Carolina - Darla Moore School of Business and Cornell University

Abstract:

Free Cash Flow Hypothesis; Real Estate Transactions; Corporate Governance

18.

Is California More Energy Efficient than the Rest of the Nation? Evidence from Commercial Real Estate

USC-INET Research Paper No. 16-08
Posted: 23 Mar 2016
Matthew E. Kahn, Nils Kok and Peng Liu
University of Southern California, University of Maastricht - Limburg Institute of Financial Economics (LIFE) and Cornell University

Abstract:

Energy Efficiency, Durable Capital, Hotels, and Carbon Mitigation

19.

Is California More Energy Efficient than the Rest of the Nation? Evidence from Commercial Real Estate

NBER Working Paper No. w21912
Number of pages: 28 Posted: 25 Jan 2016
Matthew E. Kahn, Nils Kok and Peng Liu
University of Southern California, University of Maastricht - Limburg Institute of Financial Economics (LIFE) and Cornell University
Downloads 0 (537,638)
  • Add to Cart

Abstract:

20.

The Market for Real Estate Presales: A Theoretical Approach

Journal of Real Estate Finance and Economics, Vol. 45, No. 1, 2012
Posted: 26 Jun 2012
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics, Cornell University and Citadel LLC

Abstract:

Presale, Hedge real estate risks, Housing, Heterogeneous beliefs

21.

The Relationship between Tenant Quality and REIT Risk & Performance

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
Crocker H. Liu and Peng Liu
Arizona State University and Cornell University

Abstract: