Qingqing Chang
PhD StudentProfessional Summary
Qingqing Chang is the Ph.D student in Finance at University of Cincinnati. She also serves as the Research Assistant and teaching assistant. Prior to attending Ph.D program in University of Cincinnati, Qingqing obtained a master’s and a bachelor's degree in Real Estate Finance from Renmin University of China.
Contact Information
Phone:
513-556-9108
Fax:
513-556-0979
Teaching Interest
- Business Finance
Research Interest
- Investment Analysis and Performance, Corporate Finance and Financial Markets, REITs, Microstructure
Organization:
University of Cincinnati
Name:
University Graduate Scholarship
Year Received:
2008
Organization:
Renmin Univesity of China
Name:
Outstanding Master Student Scholarship (First Tier),
Year Received:
2006
Organization:
Renmin University of China
Name:
Scholarship for Volunteer Work (First Tier)
Year Received:
2006
Organization:
Renmin University of China
Name:
Outstanding Student Leader
Year Received:
2005
Organization:
Renmin Univestiy of China
Name:
Outstanding Student Scholarship (Second Tier)
Year Received:
2004
Organization:
University of Cincinnati
Location:
Cincinnati, Ohio
Major:
Finance
Completed:
2013
Degree:
Ph D
Organization:
Renmin University of China
Location:
Beijing, China
Major:
Real Estate Finance
Dissertation:
The Effects of Urban Transportation on Houseing Prices
Completed:
2008
Degree:
MA
Organization:
Renming University of China
Location:
Beijing, China
Major:
Real Estate Management
Completed:
2006
Degree:
BA
Published Contributions
Research in progress
Title:
Dynamics of China's External Capital Structure
Status:
Writing Results
Research Type:
Scholarly
Title:
Liquidity Dynamics across Public and Private Markets: The Case of Real Estate
Description:
In this paper we investigate cross-asset liquidity between equity markets and REITs and between REITs and private real estate markets. While many studies have investigated REIT liquidity, and there is an emerging interest in liquidity in the private real estate markets, there appears to be little knowledge of the dynamics of cross-market liquidity. We find lower levels of liquidity for REITs compared to a set of control firms matched on size and book to market ratios. Commonality in liquidity is also lower for REITs than the controls and the overall market. However, we do find an important difference in share turnover for REITs, which appears to have a higher level of commonality than found in other studies. We suggest that this may be due to the financial crisis. Additionally we find evidence of similar time-series variation in liquidity for public and private real estate markets. We also find significant directional causality for most liquidity proxies from the public to private real estate markets. Finally our results show that there is strong contemporaneous correlation between both public and private real estate market liquidity and the term spread and real investment and consumption spending. REIT liquidity also appears sensitive to credit spreads but no association was found to private market liquidity.
Status:
Writing Results
Research Type:
Scholarly
Title:
The Supply Side Story: REITs’ Financing and Investment Decision in Response to the 2007-2009 Credit Crunch
Organization:
AREUEA, ASSA
Location:
Chicago
Year:
2012
Title:
• Why do firms decide to go private? The case of Buyout Offer with Squeeze-Out (BOSO)
Location:
Chicago
Year:
2011
Title:
Information in Order Backlog: Change versus Level
Location:
New York
Year:
2010
