Subject groups/Research projects
Research Interests
Real Estate Finance
Corporate Finance
Macroeconomics
Teaching
RM02 – Further topics in quantitative methods
Key Publications
Banerji, S., Ventouri, A., Wang, Z., 2014. The sovereign spread in Asian emerging economies: The significance of external versus internal factors. Economic Modelling 36 566-576.
Ambrose, B., Fuerst, F., Mansley, N., Wang, Z., 2019. Size effects and economies of scale in European real estate companies. Global Finance Journal, Forthcoming
Zhang, W., Sun, T., Wang, Z., Kumar, V.R., Ma, Y., 2019. Does Faith Has Impact on Investment Return: Evidence From REITs. International Journal of Strategic Property Management, Forthcoming
Other Publications
Funded Project
Property index modelling. NewRock Capital Investment
Long-term value methodologies in real estate lending analysis. Investment Property Forum
Performance of specialist funds versus generalists funds. The European Association of Investors in Non-listed Real Estate Vehicles (INREV), 2018
Managing Currency risk in real estate investment, Investment Property Forum
Currency risk management for investors in Asia Pacific non-listed real estate funds, The Asian Association of Investors in Non-listed Real Estate Vehicles (ANREV)
An analysis of real estate risk modelling. Grosvenor
Accessing Size Effect and Economies of Scale in European Real Estate Companies, European Public Real Estate Association (EPRA)
Banerji, S., Gangopadhyay, K., Thampy, A., Wang, Z., 2013. Constraints and Prospects of Financing via Municipal Bonds in India: An Analysis with Case Studies. International Growth Centre (IGC)
Working in progress
Limit of Arbitrage and the Distress Risk.
Corporate Diversification and Downsizing decisions: International Evidence from Macro and Micro-Level Shocks. (under review of Socio-Economic Review)
The Information content of Model Free Implied Volatility: Evidence from US. (under review of Romanian Journal of Economic Forecasting)
Debt Equity Swap and Restructuring of Sovereign Debt Under Incentive and Austerities.
IMF Lending and Sovereign Debt Rescheduling: Theory and Empirical Evidence.
M&A Announcements’ wealth effect in the real estate industry
Does specialisation lead to improved investment performance of nonlisted real estate funds?
Corporate productivity, economic policy uncertainty and China's foreign direct investment model.
Distress Risk and Stock Return: Evidence from REITs
Local Official Competition and House Price.
Bank expectation and business cycle fluctuation in China.