Peng Liu

Cornell University, SC Johnson College of Business, School of Hote Administration,

Singapore Tourism Board Distinguished Professor in Asian Hospitality Management,
Editor, Journal of Real Estate Portfolio Management


Peng Liu is the STB distinguished chair professor in Asian hospitality management at Cornell University’s SC Johnson College of Business, School of Hotel Administration. Dr. Liu is an active researcher, and an editor of the Journal of Real Estate Portfolio Management, the official journal of the American Real Estate Society.

Liu’s research focuses on the interaction between financial innovations and real economy, with a specific interest in real estate finance and investment, securitization, REITs, commodity pricing, and market analysis and operational research in retail, airline, hospitality, and recreational industries. Liu has published extensively in top-tier journals, including Review of Financial Studies, Management Science, Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Banking and Finance, Journal of Empirical Finance, among others.


Liu worked for Goldman Sachs Asset Management in New York City and held the position of senior consultant at Deloitte Consulting in Beijing. Prof. Liu is also a respectful securitization expert in China. He funded the Global Asset Allocation and Securitization Annual Conference in China. He currently serves as the expert advisor to Shenzhen Security Exchange, China Insurance Asset Management Association and the China Securitization Forum.


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 numerous best research awards. He was named teacher of the year at the U.C. Berkeley’s master program in financial engineering. Prof Liu also taught the executive programs (EMBA) at top university in China including Tsinghua, Zhejiang, Shanghai Jiaotong, and Hong Kong Chinese University.


Liu earned a PhD co-majoring in Finance and Real Estate from Haas School of Business, U. C. Berkley and an MA in Financial Economics from Peking University and a BS in Engineering from Tsinghua University, China.