Jianping Mei's Home page

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., Japan, Canada, Korea, China, and Singapore.

Teaching:

Emerging Financial Markets  (B40.3384)

Topics in Emerging Financial Markets   (C15.0023)

Emerging Market Initiative (B50.3312.30)

 

Emerging Market Finance links: Emerging Market Finance

Emerging Market Data Sources: Emerging Market Data Sources

 

Mei/Moses Fine Art Price Indices

 

INFORMATION AVAILABLE:Indices, Graphs, Numerical Values, Research Reports, Press Reports and Seasonal Updates

 

Art as Investment and the Underperformance of Masterpieces: Evidence from 1875-2002, (With M. Moses), American Economic Review,92,1656-1668

 

Asset Pricing:

 

  1. "A Semi-autoregression Approach to the Arbitrage Pricing Theory", Journal of Finance, 1993, 48, 599-620.
  2. "Where Do Betas Come From? Asset Pricing Dynamics and the Sources of Systematic Risk", (with J. Campbell), Review of Financial Studies, 1993, 6, 567-592.
  3. "Measuring International Economic Linkage with Stock Market Data", (with J. Ammer), Journal of Finance, 1996, 51, 1743-1764.
  4. "Return Generating Process, Expected Returns and Term Premiums", (with E. Elton and M. Gruber), Journal of Banking and Finance, 1996, 20, 1251-1269.
  5. "The Japanese Investment Race", (with S. Foresi and Y. Hamao), Japan and World Economy, 1998, 10, 393-407.
  6. "Living with the Enemy: an Analysis of Japanese Experience with Foreign Investment", (with Y. Hamao), Journal of International Money and Finance, 2001,715-735.
  7. "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.
  8. "Credit Spreads: The Market for Highly Leveraged Transaction Loans", (with L. Angbazo and A. Saunders), Journal of Banking and Finance, 1998, 22, 1249-82.
  9. Art as Investment and the Underperformance of Masterpieces: Evidence from 1875-2002, (With M. Moses), American Economic Review,92,1656-1668
  10. Measuring Private Information Trading in Emerging Markets, Olesya Grishchenko, Lubomir P. Litov, Stern Working Paper.
  11.  Idiosyncratic risk and creative destruction in Japan(with Y. Hamao & Y. Xu).
  12. Are Investors Credulous? Some Preliminary Evidence from Art Auction (with Moses)

 

Real Estate: 

 

  1. "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.
  2. "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.
  3. "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.
  4. "The Time Variation of Risk for Life Insurance Companies", (with A. Saunders), Journal of Risk & Insurance, 1994, 61, 12-32.
  5. "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.
  6. "Bank Risk and Real Estate: An Asset Pricing Perspective", (with A. Saunders), Journal of Real Estate Finance & Economics, 1995, 10, 199-224.
  7. "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.
  8. "Price Reversal, Transaction Costs, and Arbitrage Profits in Real Estate Market", (with B. Gao), Journal of Real Estate Finance & Economics, 1995, 11, 153-165.
  9. "Have U.S. Financial Institutions' Real Estate Investments Exhibited 'Trend-Chasing' Behavior?" (with A. Saunders), Review of Economics and Statistics, 1997, 79, 248-258.
  10. "Evidence On the Integration of International Markets and Benefits of Diversification", (with C. Liu), Real Estate Economics, 1998, 26, 3-29.
  11. "Excess Risk Premium in Asian Banks", International Review of Finance, Volume 1, 2000, pp143-159.
  12. "Conditional 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

 Financial 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. 

 Consulting 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:Self Portrait, Antique Bond Collection

jmei@stern.nyu.edu