Location:   Faculty & Research > Faculty > Finance > MEI Jianping
Jianping Mei  梅建平
 

  • Phone:010-85188858*3322
  • Fax:010-85186800
  • E-mail:jpmei@ckgsb.edu.cn
  • Office Hours:by appointment - schedule by email
  • Professor of Finance at Cheung Kong 
  •  
  • Ph.D., Princeton University
  • Research Areas: Global Finance, Real Estate Finance, Asset Pricing

Introduction

Mei is a professor of finance at Cheung Kong and director of the CCFR Real Estate Research Program at Tsinghua University. His major areas of research include international asset pricing and real asset finance.

Mei earned a Ph.D. in Economics from Princeton University and B.S. in Mathematics from Fudan University. He has taught at the University of Chicago, Princeton University, Tsinghua University, University of Amsterdam, Bocconi University, and Hong Kong University of Science and Technology.

He has published over 30 articles in the American Economic Review, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Real Estate Economics, Journal of Real Estate Finance and Economics, and other academic journals. He has received several "Best Research Paper" awards from various academic organizations. His research has been covered extensively by major news media in China, the U.S., U.K., Germany, Italy, Netherlands, Japan, Canada, Korea, Taiwan, and Singapore.

Mei has served as a consultant and financial advisor to some of the largest financial institutions in the world, including Prudential Insurance of America, Fidelity Investment, UBS Warburg, Asia Development Bank, NCH capital, Koo’s Group, and W.P. Carey. He provides international asset allocation and real estate investment research to top decision makers and their clients. He has advised several major Chinese asset management companies as well as the Yunan Investment Trust Company.

Mei has acted as faculty director for New York University’s numerous international residency programs. He served as an organizer for several investment conferences, including a post as chairman of the Greater China real estate investment session for the American Real Estate and Urban Economics Association. He is also a faculty sponsor of U.S.-China exchange program at the Stern Business School at New York University. The program has trained over 100 senior Chinese government officials and investment professionals.

Mei was a principal developer of the Mei Moses Fine Art Price Indices, which have been covered in the New York Times, Wall Street Journal, Financial Times, Barron’s, Los Angels Times, Business Week, Time, Forbes, and other world news media. The indices have been emplyed by several major U.S. and overseas banks in private banking transactions.

Selected Publications

"Turning Over Turnover", (with M. Cremers), Review of Financial Studies, forthcoming, 2008

"Idiosyncratic risk and creative destruction in Japan", (with Y. Hamao & Y. Xu). Journal of Money, Credit and Banking, 2007, 4, 901-924.

"Large Investors, Price Manipulation, and Market Breakdown - An Anatomy of Market Corners", (with Franklin Allen and Lubomir Litov), Review of Finance, 2006,10: 645-693

"Market manipulation: A comprehensive study of stock pools", (with G. Jiang and P. Mahoney) Journal of Financial Economics, 2005, 77, 147-170

"Conditional Risk Premium in Asian Real Estate Properties", with (J. Hu), Journal of Real Estate Finance and Economics, 2000, 3, 295-311.

Vested Interests and Biased Price Estimates: Evidence from An Auction Market (with M. Moses), Journal of Finance, 2005, 60, 2409-2436.

Art as Investment and the Underperformance of Masterpieces: Evidence from 1875-2000, (With M. Moses), American Economic Review, 2002, December, 1656-1668.

"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.

"Living with the Enemy: an Analysis of Japanese Experience with Foreign Investment", (with Y. Hamao), Journal of International Money and Finance, 2001, 715-735.

"Have U.S. Financial Institutions' Real Estate Investments Exhibited 'Trend-Chasing' Behavior?" with A. Saunders, Review of Economics and Statistics, 79, 248-258, 1997.

"Measuring International Economic Linkage with Stock Market Data" with J. Ammer, Journal of Finance, 51, 1743-1764, 1996.

"Explaining the Cross-section of Returns under a Multi-Factor Model", Journal of Financial and Quantitative Analysis, 28, 331-345, 1993.

"Where Do Betas Come From? Asset Pricing Dynamics and the Sources of Systematic Risk" with J. Campbell, Review of Financial Studies, 6, 567-592, 1993.

"A Semi-autoregression Approach to the Arbitrage Pricing Theory", Journal of Finance, 48, 599-620, 1993.

Working Papers

1. Speculative Trading and Stock Prices: An Analysis of Chinese A-B Share Premia (with José Scheinkman and Wei Xiong)

2. Behavior Based Manipulation (with Chunsheng Zhou)

3. Mandatory vs. contractual disclosure in securities markets:Evidence from the 1930s (with P. Mahoney)

Books and Monographs

1. From Wall Street to Great Wall, (with B Malkiel, P. Taylor, and R. Yang), Norton, 2007.

2. Global Bargain Hunting, (with B. Malkiel), Simon & Schuster, 1998, 1999. Also published by Penguin, 1999. An International Best Seller.

3. Principles of Real Estate Finance, jointly with H. Liao and A. Lee, Rentai Publishing Company, 1995, 570 pages, Third Edition (in Chinese)

4. New Methods for the Arbitrage Pricing Theory and the Present Value Model, World Scientific Publishing Ltd., 1994, 111 pages

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