Jianping Mei is
an associate professor of finance at the Stern
School of Business, New York University. His major areas of research
include international finance, asset pricing, and real asset finance. He has
published over 30 articles in American Economic Review, Journal of Finance,
Review of Financial Studies, Real Estate Economics, and other academic
journals. He has taught a highly popular MBA course on Emerging Market
Finance based on his recent book with Burton Malkiel (Global Bargain
Hunting). He has developed a Fine Art Price Index with Michael Moses. He
has received several "Best Research Paper Award" from various
academic organizations. His research has been covered extensively by the
major news media in the U.S., U.K., China, India, Italy, Germany, Netherland,
Japan, Canada, Hong Kong, Korea, and Singapore.
Emerging Financial Markets (B40.3384)
Topics in Emerging Financial Markets (C15.0023)
Investment Strategies and New Financial Products (C15.0042)
Real Estate Finance,
Asset Pricing &
Semi-autoregression Approach to the Arbitrage Pricing Theory", Journal of Finance,
1993, 48, 599-620.
Do Betas Come From? Asset Pricing Dynamics and the Sources of Systematic
Risk", (with J. Campbell), Review of Financial Studies,
1993, 6, 567-592
- “Explaining the Cross-Section of Returns via a Multi-Factor
APT Model”, Journal
of Financial and Quantitative Analysis, Vol. 28, No. 3. (Sep.,
1993), pp. 331-345.
International Economic Linkage with Stock Market Data", (with J.
Ammer), Journal of Finance, 1996, 51, 1743-1764
- "Return Generating Process, Expected Returns and Term
Premiums", (with E. Elton and M. Gruber), Journal of Banking
and Finance, 1996, 20, 1251-1269.
U.S. Financial Institutions' Real Estate Investments Exhibited
'Trend-Chasing' Behavior?" (with A. Saunders), Review of
Economics and Statistics, 1997, 79, 248-258
Spreads: The Market for Highly Leveraged Transaction Loans", (with
L. Angbazo and A. Saunders), Journal of Banking and Finance,
1998, 22, 1249-82
with the Enemy: an Analysis of Japanese Experience with Foreign
Investment", (with Y. Hamao), Journal of International
Money and Finance, 2001,715-735
- "What Makes the Stock Market Jump?---An Analysis of
Political Risk on the Hong Kong Stock Returns", (with H. Kim), Journal
of International Money and Finance, 2001, 1003-1016.
- Art as
Investment and the Underperformance of Masterpieces: Evidence from 1875-2002,
(With M. Moses), American Economic Review,2002,
Interests and Biased Price Estimates: Evidence from An Auction Market
(with M. Moses), Journal of
Finance, 2005, 60, 2409-2436.
- Market manipulation: A
comprehensive study of stock pools, (with G. Jiang and P. Mahoney) Journal
of Financial Economics, 2005, 77, 147-170
- Idiosyncratic risk and creative
destruction in Japan(with Y. Hamao & Y. Xu). Journal of
Money, Credit and Banking, 2005, Forthcoming.
- Speculative Trading
and Stock Prices: An Analysis of Chinese A-B Share Premia (with
José Scheinkman and Wei Xiong).
- Turning Over Turnover
(with M. Cremers)
- Behavior Based
Manipulation (with Chunsheng Zhou)
Mei/Moses Fine Art
INFORMATION AVAILABLE:Indices, Graphs,
Numerical Values, Research Reports, Press Reports and Seasonal Updates
1. Art as Investment and the
Underperformance of Masterpieces: Evidence from 1875-2002, (With M. Moses), American Economic Review,92,1656-1668
2. Vested Interests and
Biased Price Estimates: Evidence from An Auction Market (with M. Moses), Journal
of Finance, forthcoming
- "The Predictability of Returns on Equity REITs and
Their Co- movement with Other Assets", (with C. Liu) Journal of
Real Estate Finance & Economics, 1992, 5, 401-418.
- "An Analysis of Real Estate Risk Using the Present
Value Model", (with C. Liu), Journal of Real Estate Finance &
Economics, 1994, 8, 5-20, included in "The CFA Digest", 1994.
- "Predictability of Real Estate Returns and Market Timing",
(with C. Liu), Journal of Real Estate Finance & Economics, 1994, 8,
115-135, included in "The CFA Digest", 1994.
Time Variation of Risk for Life Insurance Companies", (with A.
Saunders), Journal of Risk & Insurance, 1994, 61, 12-32.
- "Is There a Real Estate Factor Premium?" (with A.
Lee), Journal of Real Estate Finance & Economics, 1994, 9, 113-126,
included in "The CFA Digest", Winter 1995.
- "Bank Risk and Real Estate: An Asset Pricing Perspective",
(with A. Saunders), Journal of Real Estate Finance & Economics,
1995, 10, 199-224.
- "The Present Value Model with Time-Varying Discount
Rates: Implications for Commercial Property Valuation and Investment
Decisions", (with D. Geltner), Journal of Real Estate Finance &
Economics, 1995, 11, 119-135.
- "Price Reversal, Transaction Costs, and Arbitrage
Profits in Real Estate Market", (with B. Gao), Journal of Real
Estate Finance & Economics, 1995, 11, 153-165.
the "Santa Claus" approach to asset allocation: Implications
for commercial real estate investment”, Real Estate Finance. New York:
Summer 1996. Vol. 13, Iss. 2.
On the Integration of International Markets and Benefits of
Diversification", (with C. Liu), Real Estate Economics, 1998, 26,
- "Risk Attributes of
Real Estate Related Securities”, with (H. Liao), Journal of Real Estate
Research, Vol. 16, No. 3, pp.279-290
- “A risk
adjustment model for REIT evaluation”, with J. Litt, Real Estate
Finance. Spring 1999. Vol.
16, Iss. 1.
real estate in a portfolio context: Long-term opportunities”, Real
Estate Finance, Winter 1999. Vol. 15, Iss. 4.
Risk Premium in Asian Real Estate Properties", with (J. Hu),
Journal of Real Estate Finance and Economics, 2000, 3, 295-311.
China Housing Consulting Project
Reform in China
Research Project on Asian Financial Crisis
Mutual Fund Lecture Series based on the Vanguard Case:
Management Philosophy, Product Strategy, Performance Evaluation, Client
Service and Marketing
Research for NCH Capital on Russian Stocks.
project for REIT Evaluation
Book Publication Global Bargain Hunting
(With Burton Malkiel, Author of A Random Walk Down Wall Street)
China Stern-NYU Scholar Exchange Program
Personal: Antique Bond Collection