Gang-Zhi Fan

School of Management, Guangzhou University

Professor

230 Wai Huan Xi Road

Guangzhou Higher Education Mega Center

Guangzhou, Guangdong 510006

China

  • School of Management, Guangzhou University

SCHOLARLY PAPERS

22

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5

Scholarly Papers (22)

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1.

The Relationships between Real Estate Price and Expected Financial Asset Risk and Return: Theory and Empirical Evidence

Journal of Real Estate Finance and Economics, 2013, 46 (4), 568-595
Number of pages: 38 Posted: 01 Aug 2009 Last Revised: 04 Jan 2017
Gang-Zhi Fan, Zsuzsa R. Huszar, Zsuzsa R. Huszar and Weina Zhang
School of Management, Guangzhou University, Central European UniversityNational University of Singapore and Department of Finance, National University of Singapore
Downloads 253 (167,817)

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Comovement, Indifference Pricing, Incomplete Market, Real Estate, Risk and Return

2.

Price Bubbles and Policy Interventions in the Chinese Housing Market

Journal of Housing and the Built Environment, Forthcoming
Number of pages: 43 Posted: 04 Nov 2014 Last Revised: 25 Jan 2016
Dayong Zhang, Ziyin Liu, Gang-Zhi Fan and Nicholas Horsewood
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, School of Management, Guangzhou University and University of Birmingham
Downloads 201 (208,497)

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Rational Bubble, Price-Rent Ratio, House Price, Policy Intervention, Club Convergence

3.

Default Clustering and Credit Risks in Commercial Mortgage-Backed Securities

Number of pages: 27 Posted: 24 May 2011
Gang-Zhi Fan, Tien Foo Sing and Seow Eng Ong
School of Management, Guangzhou University, National University of Singapore (NUS) - Department of Real Estate and National University of Singapore (NUS) - Department of Real Estate
Downloads 150 (267,472)

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Default cluster, counterparty risk, intensity model, subordination structure

4.

Breakeven Determination of Loan Limits for Reverse Mortgages under Information Asymmetry

Downloads 141 (280,888)

Breakeven Determination of Loan Limits for Reverse Mortgages under Information Asymmetry

Number of pages: 48 Posted: 06 Mar 2011 Last Revised: 28 Dec 2012
Ming Pu, Gang-Zhi Fan and Yongheng Deng
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, School of Management, Guangzhou University and Wisconsin School of Business, University of Wisconsin-Madison
Downloads 141 (281,867)
Citation 4

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Reverse Mortgages, Heterogeneous Beliefs, Information Asymmetry, Loan Limits

Breakeven Determination of Loan Limits for Reverse Mortgages Under Information Asymmetry

Journal of Real Estate Finance and Economics, Vol. 48, No. 3, 2014
Posted: 26 Mar 2014
Ming Pu, Gang-Zhi Fan and Yongheng Deng
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, School of Management, Guangzhou University and Wisconsin School of Business, University of Wisconsin-Madison

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Reverse mortgages; Heterogeneous beliefs; Information asymmetry; Loan limits

5.

The Pricing of Mortgage Insurance Premiums under Systematic and Idiosyncratic Shocks

Downloads 124 (309,563)
Citation 1

The Pricing of Mortgage Insurance Premiums under Systematic and Idiosyncratic Shocks

Journal of Risk and Insurance, Forthcoming
Number of pages: 36 Posted: 15 Dec 2012 Last Revised: 20 May 2015
Ming Pu, Gang-Zhi Fan and Chunsheng Ban
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, School of Management, Guangzhou University and The Ohio State University - Department of Mathematics
Downloads 124 (310,979)

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mortgage insurance, default loss, default clustering, systematic shocks, portfolio diversification

The Pricing of Mortgage Insurance Premiums Under Systematic and Idiosyncratic Shocks

Journal of Risk and Insurance, Vol. 83, Issue 2, pp. 447-474, 2016
Number of pages: 28 Posted: 23 May 2016
Ming Pu, Gang-Zhi Fan and Chunsheng Ban
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, School of Management, Guangzhou University and The Ohio State University - Department of Mathematics
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Citation 1

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6.

The Helping Hand of the State in Chinese Real Estate Firms: Anti-corruption and Liberalization

International Real Estate Review, 2016, Vol 19 (1), 51-97.
Number of pages: 47 Posted: 21 Apr 2014 Last Revised: 04 Jan 2017
Gang-Zhi Fan, Zsuzsa R. Huszar, Zsuzsa R. Huszar and Weina Zhang
School of Management, Guangzhou University, Central European UniversityNational University of Singapore and Department of Finance, National University of Singapore
Downloads 119 (319,019)
Citation 1

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Corporate Governance, Executive Compensation, Emerging Market, Agency Issues, Real Estate Company, China

7.

Risk-Aversion and Urban Land Development Options

Number of pages: 30 Posted: 16 Apr 2012 Last Revised: 21 Dec 2020
Gang-Zhi Fan, Ming Pu, Tien Foo Sing and Xiaoyu Zhang
School of Management, Guangzhou University, Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, National University of Singapore (NUS) - Department of Real Estate and National University of Singapore (NUS) - Department of Real Estate
Downloads 112 (332,782)

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Optimal Development Timing, Investment Threshold, Real Option Value, Risk-Aversion, Markov-Switching ARCH, Urban Land Development

8.

House Price and Co-Residence with Older Parents: Evidence from China

Downloads 96 (368,513)

House Price and Co-Residence with Older Parents: Evidence from China

Number of pages: 46 Posted: 09 Dec 2015 Last Revised: 18 Feb 2018
Daichun Yi, Xiaoying Deng, Gang-Zhi Fan and Seow Eng Ong
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, Shanghai University of Finance and Economics - School of Public Economics & Administration, School of Management, Guangzhou University and National University of Singapore (NUS) - Department of Real Estate
Downloads 87 (395,255)

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CHFS, House Price, Housing Consumption, Intergenerational Co-residence, Elderly Parents

House Price and Co-Residence With Older Parents: Evidence From China

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 47 Posted: 11 Mar 2018
Daichun Yi, Xiaoying Deng, Gang-Zhi Fan and Seow Eng Ong
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, Shanghai University of Finance and Economics - School of Public Economics & Administration, School of Management, Guangzhou University and National University of Singapore (NUS) - Department of Real Estate
Downloads 9 (819,128)

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CHFS, House Price, Housing Consumption, Intergenerational Co-Residence, Elderly Parents

9.

Social Capital and Housing Affordability: Evidence from China

Number of pages: 43 Posted: 12 Apr 2015 Last Revised: 07 May 2015
Daichun Yi, Gang-Zhi Fan and Yuhong Huang
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, School of Management, Guangzhou University and Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management
Downloads 89 (386,167)

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Chinese household finance, Housing affordability, Social capital, Housing demand

10.

The Relationships between Real Estate Price and Expected Financial Asset Risk and Return: Theory and Empirical Evidence

Journal of Real Estate Finance and Economics, Vol. 46, No. 4, 2013
Number of pages: 38 Posted: 20 Mar 2013 Last Revised: 23 Jul 2013
Gang-Zhi Fan, Zsuzsa R. Huszar, Zsuzsa R. Huszar and Weina Zhang
School of Management, Guangzhou University, Central European UniversityNational University of Singapore and Department of Finance, National University of Singapore
Downloads 78 (417,450)

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comovement, indifference pricing, incomplete market, real estate, risk and return

11.

Overbuilding and Development Cascades under Irrational Expectations

International Journal of Strategic Property Management, Vol. 19, No. 4, 2015
Number of pages: 42 Posted: 25 Oct 2011 Last Revised: 24 Dec 2015
Xiu-Mei Lv and Gang-Zhi Fan
Chongqing Technology and Business University and School of Management, Guangzhou University
Downloads 75 (426,809)
Citation 2

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real options, irrational expectations, strategic investment, overbuilding, development cascade

12.

Extreme Events and the Copula Pricing of Commercial Mortgage-Backed Securities

Journal of Real Estate Finance and Economics, Vol. 38, No. 3, 2009
Number of pages: 32 Posted: 12 Nov 2008 Last Revised: 14 Nov 2013
Zhanyong Simon Liu, Gang-Zhi Fan and Kian-Guan Lim
affiliation not provided to SSRN, School of Management, Guangzhou University and Singapore Management University - Lee Kong Chian School of Business
Downloads 71 (439,687)

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CMBS, copula model, extreme events, heavy tail, tail dependence

13.

Heterogeneous Agents and the Indifference Pricing of Property Index Linked Swaps

Number of pages: 41 Posted: 31 Oct 2010
Ming Pu, Gang-Zhi Fan and Seow Eng Ong
affiliation not provided to SSRN, School of Management, Guangzhou University and National University of Singapore (NUS) - Department of Real Estate
Downloads 66 (456,777)

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Total Return Swap, Indifference Pricing, Reservation Swap Spread, Heterogeneous Beliefs, Market Clearing Spread

14.

Home-Purchase Limits and Housing Prices: Evidence from China

Number of pages: 35 Posted: 07 Jul 2017
Shijun Jia, Yourong Wang and Gang-Zhi Fan
Guangzhou University, Central University of Finance and Economics (CUFE) and School of Management, Guangzhou University
Downloads 65 (460,256)
Citation 1

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Home-purchase limits, housing prices, policy uncertainty, redevelopment option, Guangzhou

15.

Aging and Family Entrepreneurship: Evidence from Urban China

Number of pages: 34 Posted: 19 Nov 2020 Last Revised: 14 May 2021
Hongjun Liao and Gang-Zhi Fan
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management and School of Management, Guangzhou University
Downloads 46 (537,711)

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Aging, Entrepreneurship, Risk Attitude, China

16.

Corporate Fraud, Risk Avoidance, and Housing Investment in China

Number of pages: 46 Posted: 03 Jun 2019
Geng Niu, Li Yu, Gang-Zhi Fan and Donghao Zhang
Southwestern University of Finance and Economics, Southwestern University of Finance and Economics (SWUFE), School of Management, Guangzhou University and Southwestern University of Finance and Economics (SWUFE)
Downloads 46 (537,711)

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Corporate fraud, negative externality, household finance, Housing investment, China

17.

Optimal Portfolio Choices, House Risk Hedging and the Pricing of Forward House Transactions

Downloads 45 (542,373)

Optimal Portfolio Choices, House Risk Hedging and the Pricing of Forward House Transactions

Number of pages: 39 Posted: 14 Oct 2009 Last Revised: 16 Nov 2010
Gang-Zhi Fan, Ming Pu and Seow Eng Ong
School of Management, Guangzhou University, Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management and affiliation not provided to SSRN
Downloads 45 (553,028)

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House Risk, Optimal Portfolio, Forward Transactions, Utility Maximization, Incomplete Markets

Optimal Portfolio Choices, House Risk Hedging and the Pricing of Forward House Transactions

Journal of Real Estate Finance and Economics, Vol. 45, No. 1, 2012
Posted: 26 Jun 2012
Gang-Zhi Fan, Ming Pu and Seow Eng Ong
School of Management, Guangzhou University, Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management and National University of Singapore (NUS) - Department of Real Estate

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House risk, Optimal portfolio, Forward transactions, Utility maximization, Incomplete markets

18.

Dependent Structures of Urban Housing Markets Under Excessive Boom：Evidence from Three Main Economic Circles of China

Number of pages: 40 Posted: 17 Nov 2020
Genhua Hu and Gang-Zhi Fan
affiliation not provided to SSRN and School of Management, Guangzhou University
Downloads 12 (761,183)

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Housing Markets, Regular Vine Copulas, Dependence Structure, Tail Dependence, Economic Circles

19.

Housing Property Rights, Collateral, and Entrepreneurship: Evidence from China

Posted: 19 Jun 2019
Gang-Zhi Fan, Li Han, Jiangyi Li and Jian Zhang
School of Management, Guangzhou University, affiliation not provided to SSRN, Sichuan University - School of Economics and The University of Hong Kong - Faculty of Business and Economics

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property rights, homeownership, entrepreneurship, collateral channel

20.

Home-Purchase Limits and Housing Prices: Evidence From China

Journal of Real Estate Finance and Economics, Vol. 56, No. 3, 2018
Posted: 14 Mar 2018 Last Revised: 13 May 2018
Shijun Jia, Yourong Wang and Gang-Zhi Fan
Guangzhou University, Central University of Finance and Economics (CUFE) and School of Management, Guangzhou University

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Home-Purchase Limits; Housing Prices; Policy Uncertainty; Redevelopment Option; Guangzhou

21.

Default Clustering Risks in Commercial Mortgage Backed Securities

Journal of Real Estate Finance and Economics, Vol. 45, No. 1, 2012
Posted: 29 Jun 2012
Gang-Zhi Fan, Tien Foo Sing and Seow Eng Ong
School of Management, Guangzhou University, National University of Singapore (NUS) - Department of Real Estate and National University of Singapore (NUS) - Department of Real Estate

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Default cluster, Counterparty risk, Intensity model, Subordination structure

22.

Heterogeneous Agents and the Indifference Pricing of Property Index Linked Swaps

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 28 Mar 2012
Ming Pu, Gang-Zhi Fan and Seow Eng Ong
Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, School of Management, Guangzhou University and National University of Singapore (NUS) - Department of Real Estate

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Total return swap, Indifference pricing, Reservation swap spreads, Heterogeneous agents, Market clearing spreads