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About Peng Liu

Peng Liu is an associate professor of real estate and finance at the Cornell University School of Hotel Administration. Liu’s research focuses on the interaction between financial innovations and real economy, with a specific interest in real estate finance and investment, securitization, commodity pricing, and market analysis and operational research in retail, airline, hospitality, and recreational industries.
Before coming to Cornell, Liu was a Fisher Center of Real Estate and Finance Research Fellow at the University of California, Berkeley, and an instructor at U.C. Berkeley’s Haas Business School, Tsinghua University, Shanghai Jiaotong University, and Renmin University. Prior to his academic career, Liu worked for Goldman Sachs Asset Management in New York City and held the position of senior consultant at Deloitte Consulting in Beijing.
Liu is the editor of the Journal of Real Estate Portfolio Management, associate editor of the Cornell Hospitality Quarterly and the International Real Estate Review, on the board of directors for the Global Chinese Real Estate Congress and the American Real Estate Society, and an overseas reviewer for the Research Grant Council of Hong Kong. He chaired the 2014 Cornell Retail Real Estate Roundtable and has published extensively in top-tier journals, including Review of Financial Studies, Management Science, Journal of Real Estate Finance and Economics, Journal of Banking and Finance, Journal of Empirical Finance, Cornell Hospitality Quarterly, Journal of Real Estate Research, and Journal of Housing Economics.
Liu has received the William N. Kinnard Scholar Award from the American Real Estate Society, the Homer Hoyt Post-Doctoral Honoree from the Weimer School of Advanced Studies, and the Center for Hospitality Research Industry Relevance Award from Cornell University. He received a best paper award from the American Real Estate Society and the Eurasia Business and Economists and was named teacher of the year at the Haas School of Business.
Liu earned a PhD in finance and real estate and an MS in finance from the Haas School of Business at the University of California, Berkeley; an MS in economics (agriculture and resources) from the University of California, Berkeley; an MA in financial economics from the School of Economics, Peking University, China; and a BS in engineering from Tsinghua University, China.

Positions

2015 Present Distinguished Visiting Professor in Finance, Tsinghua University
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2015 Present Research Fellow at National Institute of Financial Research, Tsinghua University
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2015 Present Academic Director, Cornell University School of Hotel Administration
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2013 Present Associate Professor with Tenure, Cornell University School of Hotel Administration
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Present Singapore Tourism Board Distinguished Professor in Asian Hospitality Management, Cornell University School of Hotel Administration
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20072013 Assistant Professor, Cornell University School of Hotel Administration
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20022007 Research Fellow, University of California, Berkeley ‐ Haas School of Business
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Curriculum Vitae


Disciplines



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Honors and Awards

  • China Securitization Forum Senior Advisor and Deal of the Year Award Committee Chair 2015 – Present
  • Hong Kong Institute for Monetary Research Fellowship, Hong Kong Monetary Authority 2014 – 2015
  • The William N. Kinnard Scholar Award, American Real Estate Society 2014 a recognition of early career high quality research contributions in the real estate discipline.
  • Homer Hoyt Post-Doctoral Award 2014 Weimer School of Advanced Studies in Real Estate and Land Economics Post-Doctoral Honoree
  • 2013 Industry Relevance Research Award, Connell University, Center for Hospitality Research May 2013 Optimizing Hotel Pricing: A New Approach to Hotel Reservations, Ithaca, NY
  • 2012 Best Paper Award, American Real Estate Society Annual Meeting Best Paper Competition April 2012 The Economics of Commercial Real Estate Preleasing, (with Robert Edelstein) Sponsored by International Council of Shopping Centers (ICSC). St. Petes, FL
  • 2012 Best Paper Award, American Real Estate Society Annual Meeting Best Paper Competition April 2012
  • List Price Information in the Negotiation of Commercial Real Estate Transactions: Is Silence Golden? Sponsored by CoStar Group. St. Petes, FL, (with Dean Gatzlaff).
  • 2012 Best Paper Award, Eurasia Business and Economists Society (EBES) Conference May 2012
  • Economic Linkages, Relative Scarcity, and Commodity Futures Returns. (with Casassus and Tang) Sponsored by John P. Rust, Professor of Finance at University of Maryland.
  • 2011 Best Paper Award, American Real Estate Society Annual Meeting Best Paper Competition April 2011
  • Is What’s Bad for the Goose (Tenant), Bad for the Gander (Landlord)?:a Retail Real Estate Perspective Sponsored by International Council of Shopping Centers (ICSC). (with Crocker Liu), Seattle, WA.
  • Best Paper Award (second runner-up), Global Chinese Real Estate Congress Annual Conference, 2011
  • Semifinalist, Financial Management Association award competition, New York 2010
  • Teaching Award, Best Graduate Student Instructor, MFE program, U.C. Berkeley – Hass 2006
  • Distinguished student, ranked the first in Master Program in Finance, Peking University 1998 – 2000


Education

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2007 M.S., University of California, Berkeley ‐ Haas School of Business
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2007 Ph.D., University of California, Berkeley ‐ Haas School of Business
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2002 M.S., University of California, Berkeley ‐ Agricultural and Resource Economics
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2000 M.A., Peking University ‐ School of Economics
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1994 B.S., Tsinghua University ‐ Materials Science and Engineering
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Contact Information

Real Estate
465B Statler Hall
Phone: 607.254.2960

Email:


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