Pipelines
Working Papers
"Granular Risks and Stock Returns: Evidence From Commercial Real Estate" Revise & Resubmit, Real Estate Economics
with David C. Ling and Tingyu Zhou
Description: We propose a novel geographic instrumental variable (GIV) that helps establish a causal link between private and public commercial real estate returns.
Toronto Metropolitan University
2024 Real Estate Economics Special Issue Symposium on Commercial Real Estate Finance and Investment
2024 ARES
2023 AsRES
2023 AREUEA-ASSA Conference
2022 AREUEA-AsRES Joint Tokyo Conference
First Stage
Exogeneity
with Rose Neng Lai and Martin Roesli
Description: Real estate portfolios less resilient to brown energy shocks are more likely to be victims of the energy crisis caused by the war.
2024 AREUEA-ASSA Conference
2023 AsRES
with Mingming Qiu and Jian Zhang
Description: We show that religion-induced risk-taking tendency is positively associated with mortgage default risk, gauged by default likelihood or the subsequent loss given default.
Florida State University
The University of Tulsa
with Jeffrey P. Cohen, David C. Ling, and Andy Naranjo
Description: We show how firms' overlapping real asset networks affect their investment decisions.
2025 AREUEA-ASSA Conference (expected)
"Flight to Healthy Buildings in the Post-COVID-19 Pandemic Era"
with Siu Kei Wong, and Tingyu Zhou
(Partially funded by HK$522,167 ECS from the Research Grants Council and by $20,000 FYAP from FSU)
Description: We document a significant paradigm shift in the commercial real estate market, with a growing emphasis on health-oriented attributes.
"Impact of Generative AI on Tenant-Driven Commercial Real Estate Valuation"
with Jingfang Wang and Tingyu Zhou
Description: To be added.
"Are Mass Shootings a Risk Factor? Evidence from Commercial Property Markets"
with Ke Xu and Tingyu Zhou
Description: To be added.
"Agency Cost of Choosing Green"
with Mariya Letdin, Cayman Seagraves and Tingyu Zhou
Description: To be added.
2023 ARES
WIPs (Updating...)
"Commercial Mortgage Debt Overhang and Intent to Default"
with Daniel Broxterman, Mariya Letdin, and Tingyu Zhou
(Partially funded by a $15,000 competitive research grant from the Real Estate Research Institute)
Description: To be added.
"Advanced Technologies in the Workplace and Corporate Real Estate"
with Jingfang Wang and Tingyu Zhou
Description: To be added.
"Sustainability, Office Leasing, and the Work-From-Home Era"
with Avis Devine
(Partially funded by a $15,000 competitive research grant from the Real Estate Research Institute)
Description: To be added.
* Presented by coauthor