Shiawee Yang

Position: Associate Professor Degree(s): PhD in Finance

Phone: 617-373-8209 Office: 413 Hayden Hall Email: Shiawee Yang CV: Download as PDF

Education PhD in Finance and Real Estate, Penn State University 
MS, Penn State University 
MS and BS, Tsinghua University, China Research and Teaching Interests Professor Yang has teaching and research interests in real estate, financial economics, and investment management. Her current research concerns financial issues of the US real estate capital market, the REIT industry, and the Asian financial and real estate markets.

Awards and Honors

• Rieseman Research Professorship, Northeastern University (2000-2001).



• Homer Hoyt Advanced Studies Institute Post Doctoral Research Award, Homer Hoyt Advanced Studies Institute. (2000).

Selected Publications

• Yang, S., Mooradian, R., Li, J. (2009). "The Information Content of the NCREIF Index." Journal of Real Estate Research, 31(1), 93-116.
• Yang, S., Mooradian, R. (2002). Commercial Real Estate Leasing, Asymmetric Information and Monopolistic Competition. Real Estate Economics, 30(2), 293-315.
• Yang, S., Jaffe, A. (2002). Adverse Selection in Real Estate Leasing. Real Estate Finance, 19(4), 20-26.
• Yang, S. (2001). Is Bigger Better? A Re-examination of the Scale Economies of REITs. Journal of Real Estate Portfolio Management, 7(1), 67-78.
• Yang, S., Mooradian, R. (2001). Dividend Policy and Firm Performance: Hotel REITs versus Non-REIT Hotel Companies. Journal of Real Estate Portfolio Management, 7(1), 79-87.
• Yang, S., Mooradian, R. (2000). Cancellation Strategies in Corporate Real Estate Leasing, Real Estate Economics, 28(1): 65-88.
• Yang, S., Yavas, A. (1995). The Strategic Role of Listing Price in Marketing Real Estate: Theory and Evidence, Real Estate Economics, 23(3): 347-368.

Work in Progress

• Conditional Expectation and the Variability of Equity REIT Returns.
• Economic Growth and Real Estate Investment Potentials in China
• Macroeconomic Indicators and Real Estate Development in China
• The Information Contents of the NCREIF Index.

Selected Presentations

• "Economic Growth and Real Estate Investment Potentials in China," Asian Real Estate Society, Macau, China.



• "Economic Growth and Real Estate Investment Potentials in China," American Real Estate Society, San Francesco, CA.



• Yang, S., Academic Conference, "Economic Forces, Asset Pricing and REIT Returns," American Real Estate Society, Monterrey, CA.



• Yang, S., Academic Conference, "Economic Forces, Asset Pricing and REIT Returns," American Real Estate and Urban Economics Association, Washington, DC.



• Yang, S., Annual Conference, "The Information Contents of the NCREIF Index as a Benchmark," American Real Estate Society, Naples, FL.



• Yang, S., Annual Conference, "Contract Length and the Flexibility in Leasing under Double sided Asymmetric Information," American Real Estate and Urban Economics Association, Atlanta.



• Yang, S., 6th Annual Conference, "Dividend Policy and Firm Performance: Hotel REITs Versus Non-REIT Hotel Companies," Asian Real Estate Society, Tokyo, Japan.



• Yang, S., Investors Forum Conference, "Dividend Policy and Firm Performance: Hotel REITs Versus Non-REIT Hotel Companies," NAREIT, San Francisco.



• Yang, S., Investors Forum Conference, "Is Bigger Better? A reexamination of the Scale Economies of REITS," NAREIT, San Francisco, CA.



• Yang, S., Annual International Conference, "Housing Demand in China," American Real Estate and Urban Economics Association, Cancun, Mexico.



• Yang, S., 2001 Annual Meeting, "Commercial Real Estate Leasing, Asymmetric Information and Monopolistic Competition," AREUEA, New Orleans, LA.



• Yang, S., 5th Annual Conference, "Reform of Housing system in Urban China and Implications on Mortgages," Asian Real Estate Society, Beijing, China.



• Yang, S., American Real Estate Society Meeting, "Reexamining the Scale Economies of REITs," American Real Estate Society, Santa Barbara, CA.



• Yang, S., Post Doctoral Research Award Presentation, "Commercial Real Estate Leasing, Asymmetric Information and Monopolistic Competition," Homer Hoyt Advanced Studies Institute, Weimer School of Advanced Studies, North Palm Beach ,FL.

Industry and Academic Experience Professor Yang worked as Senior Economist in the Boston area for several companies, including Property & Portfolio Research and Torto Wheaton Research, a CB Richard Ellis company. She also held Senior Consultant positions for China Merchant Property Holding and China Wanke Co Ltd, both located in Shenzhen, China.

Professional Services Professor Yang is an active member of the American Real Estate and Urban Economics Association and the American Real Estate Society, and a Board Director of the Asian Real Estate Society. She also serves as editorial board member for the Real Estate Review and Journal of Real Estate Literature.