Real Estate Investment and Finance, Securitization, Commodity Pricing, Energy and Sustainability, Tourism, Retail, Recreation and Hospitality Management
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.
- HADM 4200 - Principles of Real Estate
- HADM 4250 - Securitization and Structured Financial Products
- HADM 6200 - Principles of Real Estate
- HADM 6250 - Securitization and Structured Financial Products
- Ph D, University of California at Berkeley, Haas School of Business
- MS, University of California at Berkeley, Haas School of Business
- MS, University of California at Berkeley, Agricultural and Resource Economics
- MA, Peking University, School of Economics
- BS, Tsinghua University, Materials Science and Engineering