Peng Liu

Cornell University

Professor, Real Estate and Finance

448 Statler Hall

Ithaca, NY 14853

United States

Cornell SC Johnson College of Business

Ithaca, NY 14850

United States

  • Cornell University

  • Cornell SC Johnson College of Business

SCHOLARLY PAPERS

26

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Top 17,207

in Total Papers Downloads

6,241

TOTAL CITATIONS
Rank 6,964

SSRN RANKINGS

Top 6,964

in Total Papers Citations

168

Ideas:
“  real estate private equity  ”

  • Cornell University

  • Cornell SC Johnson College of Business

Scholarly Papers (26)

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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 and McGill University - Desautels Faculty of Management
Downloads 1,427 (29,839)
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
Downloads 866 (60,924)
Citation 101

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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 and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 738 (75,513)
Citation 17

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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 and Institute of Economics, School of Social Sciences, Tsinghua University
Downloads 593 (99,841)
Citation 9

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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 391 (164,708)
Citation 3

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 and McGill University - Desautels Faculty of Management
Downloads 245 (269,039)
Citation 2

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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 and McGill University - Desautels Faculty of Management
Downloads 146 (434,199)
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, University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and Citadel LLC
Downloads 390 (165,167)

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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 316 (208,053)
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
Downloads 316 (206,346)
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

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

8.

Real Assets, Liquidation Value and Choice of Financing

Downloads 217 (304,710)
Citation 3

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, Arizona State University and Blackstone Group LLC
Downloads 217 (303,244)
Citation 3

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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 and Boston College

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

9.

Investor Networks and Fund Performance in Private Equity Real Estate Funds

Forthcoming, The Journal of Real Estate Finance and Economics
Number of pages: 63 Posted: 02 Mar 2023 Last Revised: 02 Jan 2025
Bobby Yu, Peng Liu and Prashant Das
Cornell University - S.C. Johnson College of Business - Nolan School of Hotel Administration, Cornell University and Indian Institute of Management Ahmedabad - Indian Institute of Management - Finance & Accounting Area
Downloads 176 (369,782)
Citation 2

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Investor Networks, Investor Cliques, Fund Performance, Bayesian Update, Private Equity, Real Estate Fund, Reinvestment Score

10.

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 Sciences, Tsinghua University
Downloads 165 (391,433)

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maximal affine models, multiple commodities, futures prices

11.

Pricing Reservations: A General Equilibrium Approach

Number of pages: 21 Posted: 23 Sep 2012
Peng Liu
Cornell University
Downloads 151 (421,993)

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reservation, hotel demand, revenue management, service

12.

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

Downloads 151 (421,993)
Citation 5

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 151 (422,279)
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 and Cornell University - School of Hotel Administration

Abstract:

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

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, University of Missouri - Kansas City and Lehigh University - Perella Department of Finance
Downloads 123 (497,457)
Citation 2

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

14.

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

Downloads 114 (527,202)
Citation 4

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 114 (530,550)
Citation 4

Abstract:

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

15.

Volatility Forecasts by Clustering: Applications for VAR Estimation

Number of pages: 44 Posted: 23 Mar 2023
Zijin Wang, Peimin Chen, Peng Liu and Chunchi Wu
Southwestern University of Finance and Economics (SWUFE), Shanghai Business School, Cornell University and The State University of New York (SUNY) at Buffalo - School of Management
Downloads 84 (648,057)

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Volatility forecasts, Fisher's optimal dissection, value-at-risk

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, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 68 (730,456)

Abstract:

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free rent, concessions, commercial lease

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 66 (742,295)
Citation 5

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bankruptcy announcement, bankruptcy, retail lease, growth option

18.

Competition, Agglomeration, and Tenant Composition in Shopping Malls

Leung, D., Liu, P., & Zhou, T. (2023). Competition, agglomeration, and tenant composition in shopping malls. Real Estate Economics, 00, 1–25. https://doi.org/10.1111/1540-6229.12442
Number of pages: 33 Posted: 02 Feb 2024
David Leung, Peng Liu and Tingyu Zhou
National Taiwan University, Cornell University and Florida State University
Downloads 62 (773,612)

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Agglomeration and Competition, Anchor Stores, Tenant Composition, Rents, Shopping Malls, Retail

19.

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
Downloads 59 (786,851)
Citation 4

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

20.

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: 17 May 2023
Matthew E. Kahn, Nils Kok and Peng Liu
University of Southern California, School of Business and Economics, Maastricht University and Cornell University
Downloads 58 (793,758)

Abstract:

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21.

Social Network Learning Efficiency in the Principal–Agent Relationship

Number of pages: 41 Posted: 15 Sep 2023
Chuan Ding, Yilin Hong, Yang Li and Peng Liu
School of Economic Mathematics, Southwestern University of Finance and Economics (SWUFE), Southwestern University of Finance and Economics (SWUFE) and Cornell University
Downloads 26 (1,092,139)

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Simulation, Social network learning, Principal-agent, Reaching consensus, Learning efficiency

22.

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

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

23.

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

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Free Cash Flow Hypothesis; Real Estate Transactions; Corporate Governance

24.

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, School of Business and Economics, Maastricht University and Cornell University

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Energy Efficiency, Durable Capital, Hotels, and Carbon Mitigation

25.

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 and Citadel LLC

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Presale, Hedge real estate risks, Housing, Heterogeneous beliefs

26.

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

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