معرفی
Peng Liu is a Full Professor in Real Estate and Finance at Cornell University's S.C. Johnson College of Business, jointly appointed in the Nolan School of Hotel Administration and the Paul Rubacha Department of Real Estate. He holds the Singapore Tourism Board Distinguished Professorship in Asian Hospitality Management and serves as Editor of the Journal of Real Estate Portfolio Management.
Education:
- PhD in Finance and Real Estate, Haas School of Business, University of California, Berkeley (2007)
- MS in Financial Economics, Peking University (2000)
- BS in Engineering, Tsinghua University (1994)
His research spans real estate finance, securitization, REITs, commodity pricing, and hospitality economics. He investigates the interplay between financial markets and real assets, with applications in commercial real estate, tourism, and retail. His work combines empirical finance with economic modeling to address practical investment and policy questions.
The recent publications reflect a consistent focus on real estate valuation, market structure, and financial innovation. Key themes include optimal contract design in brokerage, CMBS pricing under liquidity risk, sovereign wealth fund behavior, and the economic implications of green certifications in hospitality. His earlier work on commodity futures and herding behavior in microloans demonstrates interdisciplinary depth.
Scientific Awards:
- INFORMS Society Long Term Impact Award Finalist (2022)
- INFORMS Research Award on Real Estate Finance (2021)
- China Academy of Financial Research Best Paper Award (2020)
- Tourism Tribune Outstanding Achievement (2019)
- William N. Kinnard Scholar Award (2014)
Liu has advised industry and government bodies including the Shenzhen Stock Exchange and China Insurance Asset Management Association. His industry experience at Goldman Sachs and Deloitte enriches his academic work. He teaches courses such as HADM 4235 (Cornell Real Estate Case Competition), HADM 6065 (Industry Immersion I), and HADM 6200 (Principles of Real Estate), mentoring the next generation of real estate and hospitality leaders.
He is actively involved in academic and industry roundtables, including the Cornell Retail Real Estate Roundtable, and contributes to public discourse on real estate and tourism trends.
