Peng Liu

Cornell University - S.C. Johnson College of Business - School of Hotel Administration

Associate Professor in Real Estate and STB Distinguished Professor in Asian Hospitality Management

448 Statler Hall

Ithaca, NY 14853

United States

  • Cornell University - S.C. Johnson College of Business - School of Hotel Administration

SCHOLARLY PAPERS

23

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Top 6,249

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89

CROSSREF CITATIONS

122

Scholarly Papers (23)

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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
Robert H. Edelstein, Peng Liu and Desmond Tsang
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics, Cornell University - S.C. Johnson College of Business - School of Hotel Administration and McGill University - Desautels Faculty of Management
Downloads 1,290 (21,577)
Citation 9

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

2.

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 - S.C. Johnson College of Business - School of Hotel Administration
Downloads 791 (43,305)
Citation 57

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

3.

Economic Linkages, Relative Scarcity, and Commodity Futures Returns

Number of pages: 50 Posted: 26 Nov 2008 Last Revised: 31 Mar 2020
Jaime Casassus, Peng Liu and Ke Tang
Pontificia Universidad Catolica de Chile, Cornell University - S.C. Johnson College of Business - School of Hotel Administration and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 679 (53,093)
Citation 10

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

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 - S.C. Johnson College of Business - School of Hotel Administration and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 530 (72,730)
Citation 2

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

5.

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

Downloads 324 (128,401)
Citation 1

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
University of Waterloo - School of Accounting and Finance, Cornell University - S.C. Johnson College of Business - School of Hotel Administration and McGill University - Desautels Faculty of Management
Downloads 204 (202,717)

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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
University of Waterloo - School of Accounting and Finance, Cornell University - S.C. Johnson College of Business - School of Hotel Administration and McGill University - Desautels Faculty of Management
Downloads 120 (314,493)
Citation 1

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

6.

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
Peng Liu, Robert H. Edelstein and Fang Wu
Cornell University - S.C. Johnson College of Business - School of Hotel Administration, University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and Citadel LLC
Downloads 307 (135,773)

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Presale, Hedge Real Estate Risks, Housing, Heterogeneous Beliefs

7.

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

Downloads 273 (153,242)
Citation 4

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
Wisconsin School of Business, University of Wisconsin-Madison and Cornell University - S.C. Johnson College of Business - School of Hotel Administration
Downloads 273 (152,586)
Citation 4

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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
Wisconsin School of Business, University of Wisconsin-Madison and Cornell University - S.C. Johnson College of Business - School of Hotel Administration

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

8.

Real Assets, Liquidation Value and Choice of Financing

Downloads 178 (228,795)
Citation 2

Real Assets, Liquidation Value and Choice of Financing

Number of pages: 47 Posted: 08 Dec 2010
Peng Liu, Crocker H. Liu and Zhipeng Zhang
Cornell University - S.C. Johnson College of Business - School of Hotel Administration, Arizona State University and Blackstone Group LLC
Downloads 178 (228,904)
Citation 2

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Capital Structure, Financing Choice, Liquidation Value, Real Estate

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 - S.C. Johnson College of Business - School of Hotel Administration and Boston College

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

9.

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 - S.C. Johnson College of Business - School of Hotel Administration and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 127 (301,941)

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maximal affine models, multiple commodities, futures prices

10.

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

Downloads 121 (311,110)

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 - S.C. Johnson College of Business - School of Hotel Administration and Cornell University - School of Hotel Administration
Downloads 121 (312,612)
Citation 5

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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 - S.C. Johnson College of Business - School of Hotel Administration and Cornell University - School of Hotel Administration

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

11.

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

Downloads 81 (403,307)
Citation 1

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 - S.C. Johnson College of Business - School of Hotel Administration
Downloads 81 (407,452)
Citation 1

Abstract:

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

12.

Pricing Reservations: A General Equilibrium Approach

Number of pages: 21 Posted: 23 Sep 2012
Peng Liu
Cornell University - S.C. Johnson College of Business - School of Hotel Administration
Downloads 73 (427,641)

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reservation, hotel demand, revenue management, service

13.

Are Government Owned Investment Funds Created Equal? Evidence From Sovereign Wealth Fund Real Estate Acquisitions

Journal of Real Estate Finance and Economics, 2019
Number of pages: 53 Posted: 13 Feb 2020
Peng Liu, Nathan Mauck and S. McKay Price
Cornell University - S.C. Johnson College of Business - School of Hotel Administration, University of Missouri - Kansas City and Lehigh University - Perella Department of Finance
Downloads 63 (461,738)
Citation 1

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Sovereign Wealth Funds, Real Estate Investment, International Real Estate, Foreign Investment, Cross-Border Investment, Public Pension Funds

14.

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 - S.C. Johnson College of Business - School of Hotel Administration
Downloads 32 (603,393)
Citation 2

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bankruptcy announcement, bankruptcy, retail lease, growth option

15.

Introducing 'Focused Firms': Implications from REIT Prime Operating Revenue

The Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 43 Posted: 13 May 2021 Last Revised: 26 Aug 2021
Zifeng Feng and Peng Liu
The University of Texas at El Paso and Cornell University - S.C. Johnson College of Business - School of Hotel Administration
Downloads 27 (634,488)
Citation 1

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Prime Operating Revenue, Business Focus, Performance, Risk, REIT

16.

Guide to Using the Free Rent Calculator

Number of pages: 6 Posted: 12 Jan 2021
Peng Liu, Luoyi Su and Jan deRoos
Cornell University - S.C. Johnson College of Business - School of Hotel Administration, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 21 (677,211)

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free rent, concessions, commercial lease

17.

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 Last Revised: 16 May 2022
Matthew E. Kahn, Nils Kok and Peng Liu
University of Southern California, University of Maastricht - Limburg Institute of Financial Economics (LIFE) and Cornell University - S.C. Johnson College of Business - School of Hotel Administration
Downloads 8 (785,084)

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18.

Real Assets, Liquidation Value and Choice of Financing

Real Estate Economics, Vol. 47, Issue 2, pp. 478-508, 2019
Number of pages: 31 Posted: 16 Apr 2019
Crocker H. Liu, Peng Liu and Zhipeng Zhang
Arizona State University, Cornell University - S.C. Johnson College of Business - School of Hotel Administration and Barclays - Barclays Global Investors (BGI)
Downloads 1 (857,558)
Citation 7

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19.

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 - S.C. Johnson College of Business - School of Hotel Administration

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

20.

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
Belk College of Business, UNC Charlotte and Cornell University - S.C. Johnson College of Business - School of Hotel Administration

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Free Cash Flow Hypothesis; Real Estate Transactions; Corporate Governance

21.

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 - S.C. Johnson College of Business - School of Hotel Administration

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Energy Efficiency, Durable Capital, Hotels, and Carbon Mitigation

22.

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
Robert H. Edelstein, Peng Liu and Fang Wu
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics, Cornell University - S.C. Johnson College of Business - School of Hotel Administration and Citadel LLC

Abstract:

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Presale, Hedge real estate risks, Housing, Heterogeneous beliefs

23.

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 - S.C. Johnson College of Business - School of Hotel Administration

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