Maggie Hu

Maggie Hu

Asst Professor

Zicklin School of Business

Department: W. Newman Dept of Real Estate

Areas of expertise: Empirical Research in Real Estate Finance and Economics

Email Address: rong.hu@baruch.cuny.edu

> View CV

Prof. Maggie Rong Hu is currently an Assistant Professor at the W. Newman Department of Real Estate, Zicklin School of Business, Baruch College. Her primary research interests include real estate finance and economics, household finance, FinTech, and empirical corporate finance. Her research has been published in leading journals such as American Economic ReviewManagement Science, Information Systems Research, Journal of Financial and Quantitative Analysis, Review of Financeand Real Estate Economics. Her research has received multiple Best Paper Awards at leading international conferences and has won several competitive research grants. She holds a PhD in Finance and a Bachelor’s degree in Industrial and Systems Engineering from the National University of Singapore.

Personal Website: https://sites.google.com/view/maggiehu-academic 

Education

Ph.D., Finance, National University of Singapore Singapore

B.Eng, Industrial and Systems Engineering, National University of Singapore Singapore

Journal Articles

(2026). Cyberloafing at Work: A Comprehensive Meta-Analysis of Antecedents, Consequences, and Contextual Moderators. Revise and Resubmit at Information Systems Research,

Agarwal, S., Chau, K., Hu, M., & Wan, W. (2026). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Management Science,

(2026). Managing Risk Through Presale Strategies: Pricing and Timing Dynamics of Real Estate Developments. Revise and Resubmit at Journal of Financial Stability,

Hu, M., Jiang, C., John, K., & Ju, M. (2026). Fiduciary Duty of Loyalty and Corporate Culture. Review of Corporate Finance Studies,

Hu, M., Tsang, D., & Wan, W. (2025). Corporate Relocation and Housing Market Spillovers. Management Science, 71(5). 4344–4376.

Hong, H., Hu, M., Lin, Y., & Zhang, M. (2025). Gender Difference in Conformity to Social Influence: Evidence from Review Behavior. Revise and Resubmit at Management Information Systems Quarterly ,

Hu, M., Kuang, W., Li, X., & Shi, Y. (2025). Is the More Always the Merrier? Buyers’ Onsite Viewing Activities and Housing Search Outcomes. Journal of Banking and Finance, volume 180, 107543.

Hu, M., Wan, W., & Xu, K. (2025). Cross-market Spillovers of Real Estate Speculation. Revise and Resubmit at Real Estate Economics,

Chen, Z., Hu, M., Jin, G. Z., & Zhou, Q. (2025). Haste or Waste? The Role of Presale in Residential Housing. Revise and Resubmit at American Economic Journal: Microeconomics,

Agarwal, S., Hu, M., & Lee, A. (2025). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. Reject and Resubmit at Journal of Banking and Finance,

He, Z., Hu, M., Wang, Z., & Yao, V. (2024). Valuing Long-Term Property Rights with Anticipated Political Regime Shifts. American Economic Review, 114(9). 2701–47.

Hu, M. R., Li, X., Shi, Y., & Zhang, X. (2023). Numerological Heuristics and Credit Risk in Peer-to-Peer Lending. Information Systems Research, 34(4). 1744-1760.

Fan, Y., Hu, M. R., Wan, W. X., & Wang, Z. (2023). A Tale of Two Cities: Mainland Chinese Buyers in the Hong Kong Housing Market. Review of Finance, 27(6). 2205–2232.

Cheng, M., Hu, M. R., & Lee, A. D. (2023). A Global Perspective on the Impact of Covid-19 on Peer-to-peer Accommodation: Human Mobility, Case Number and Lockdown Policies. International Journal of Contemporary Hospitality Management, 35(8). 2838-2867.

Gan, Q., Hu, M., & Wan, W. X. (2022). Contract Rescission in Real Estate Presale Market. Real Estate Economics, 50(4). 1054-1106.

Agarwal, S., Hu, M. R., & Lee, A. D. (2022). Street Name Fluency and Housing Prices. Journal of Real Estate Finance and Economics, 65. 181–229.

Deng, Y., Hu, M. R., & Lee, A. D. (2021). Melting Pot or Salad Bowl: Cultural Distance and Housing Investments. Real Estate Economics, 49(S1). 235-267.

Hu, M. R., Lee, A. D., & Zou, D. (2021). COVID-19 and Housing Prices: Australian Evidence with Daily Hedonic Returns. Finance Research Letters, 43(101960).

He, W., Hu, M. R., Mi, L., & Yu, J. (2021). How Stable are Corporate Capital Structures? International Evidence. Journal of Banking and Finance, 126.

Hu, M. R., & Lee, A. D. (2020). Outshine to Outbid: Weather-Induced Sentiment and the Housing Market. Management Science, 66(3). 1440-1472.

Fang, Y., Hu, M. R., & Yang, Q. (2018). Do Executives Benefit from Shareholder Disputes? Evidence from Multiple Large Shareholders in Chinese Listed Firms. Journal of Corporate Finance, 51. 275–315.

Deng, Y., Hu, M. R., & Srinivasan, A. (2017). Information Asymmetry and Organizational Structure: Evidence from REITs. Journal of Real Estate Finance and Economics, 55(1). 32–64.

He, W., & Hu, M. R. (2016). Religion and Bank Loan Terms. Journal of Banking and Finance, 64. 205-215.

An, X., Deng, Y., Fisher, J. D., & Hu, M. R. (2016). Commercial Real Estate Rental Index: A Dynamic Panel Data Model Estimation. Real Estate Economics, 44(2). 378-410.

He, W., & Hu, M. R. (2014). Aggregate Earnings and Market Returns: International Evidence. Journal of Financial and Quantitative Analysis, 49(4). 879-901.

Presentations

Hu, M., Wang, K., Yu, M., & Zhang, B. (2026, January 20). Credit Access and Customer Satisfaction: Evidence from China’s Three-Red-Lines Policy. AREUEA Annual Conference (jointly with ASSA).

Hu, M., Wu, Y., & Zhou, T. (2026, January 20). Is Beauty Productive? The Sales and Fees of Real Estate Agents. AREUEA Annual Conference (jointly with ASSA).

Agarwal, S., Hu, M., & Zhao, Y. (2026, April 20). Fake Bidders, Real Consequences: Shill Bidding and Price Manipulation in Judicial Housing Auctions. Seminar at Stevens Institute of Technology.

Hu, M., Jiang, Y., & Yildirim, Y. (2026, April 20). Paying More for Less: Racial Disparities in Rental Housing Quality. AREUEA Virtual Seminar.

Chen, Z., Hu, M., Jin, G., & Zhou, Q. (2026, January 20). Haste or Waste? The Role of Presale in Residential Housing. AREUEA-ASSA Conference. Philadelphia

Hu, M., Jiang, Y., & Yildirim, Y. (2026, March 20). Paying More for Less: Racial Disparities in Rental Housing Quality. Housing Economics Research Conference at University of Notre Dame.

Agarwal, S., Hu, M., & Zhao, Y. (2026, February 20). Fake Bidders, Real Consequences: Shill Bidding and Price Manipulation in Judicial Housing Auctions. Seminar at University of Wisconsin Madison.

Agarwal, S., Hu, M., & Zhao, Y. (2026, April 20). Fake Bidders, Real Consequences: Shill Bidding and Price Manipulation in Judicial Housing Auctions. Seminar at Penn State University, April 2026.

Agarwal, S., Hu, M., & Zhao, Y. (2026, May 20). Fake Bidders, Real Consequences: Shill Bidding and Price Manipulation in Judicial Housing Auctions. NYC Metro Real Estate Conference, Baruch College, 2026 May 8.

Hu, M., Jiang, Y., & Yildirim, Y. (2026, April 20). Paying More for Less: Racial Disparities in Rental Housing Quality. Seminar at Fordham University, 2026 Apr 17th.

Hu, M., & Yip, W. (2026, March 20). Cultural Proximity and Housing Investment . Housing Economics Research Conference at University of Notre Dame.

Hu, M., Peng, L., & Zhao, Y. (2026, March 20). Weathering the Storm: The Impact of Natural Disasters on Household Financial Decisions and the Role of Government Safety Nets. Fourth Annual Cross-College Faculty Research Symposium, CUNY.

Hu, M., Wang, K., Yu, M., & Zhang, B. (2026, December 20). Credit Access and Customer Satisfaction: Evidence from China’s Three-Red-Lines Policy. Jinan-SMU Conference on Urban and Regional Economics.

Hu, M., & Zhao, Y. (2026, May 20). Shill Bidding in Online Housing Auctions. Webinar at Southwestern University of Finance and Economics. Virtual

Hu, M., Zhao, Y., & Agarwal, S. (2026, May 20). Shill Bidding in Online Housing Auctions. AREUEA National Conference. Washington, D.C.

Hu, M., & Zhao, Y. (2026, January 20). Shill Bidding in Online Housing Auctions. Seminar at Beijing Normal University & HKBU United International College.

Hu, M., & Zhao, Y. (2026, January 20). Shill Bidding in Online Housing Auctions. Seminar at Jinan University.

Hu, M., Peng, L., & Zhao, Y. (2026, July 20). Weathering the Storm: The Impact of Natural Disasters on Household Financial Decisions and the Role of Government Safety Nets. CES (Chinese Economist Society) Annual Conference. Guangzhou, China

Hu, M., & Zhao, Y. (2026, June 20). Shill Bidding in Online Housing Auctions. The 3rd Summer Meeting in Urban Economics, Peking University HSBC Business School.

Hu, M., Li, Z., Yang, X., & Zhang, B. (2026, July 20). Government Information Disclosure and Implicit Bond Pricing. China International Conference in Finance (CICF).

Hu, M., & Zhao, Y. (2026, July 20). Shill Bidding in Online Housing Auctions. China Financial Research Conference (CFRC).

Hu, M., Jiang, Y., & Yildirim, Y. (2026, May 20). Paying More for Less: Racial Disparities in Rental Housing Quality. Brownbag Seminar at Department of Real Estate, Baruch College.

Hu, M., Peng, L., & Zhao, Y. (2026, February 20). Weathering the Storm: The Impact of Natural Disasters on Household Financial Decisions and the Role of Government Safety Nets. Brownbag Seminar at Department of Finance, Baruch College.

Hu, M., Peng, L., & Zhao, Y. (2026, May 20). Weathering the Storm: The Impact of Natural Disasters on Household Financial Decisions and the Role of Government Safety Nets. Baruch–SWUFE Research Symposium, Baruch College.

Hu, M., Jiang, Y., & Yildirim, Y. (2026, December 20). Paying More for Less: Racial Disparities in Rental Housing Quality. Jinan-SMU Conference on Urban and Regional Economics.

Hu, M., & Yip, W. (2026, October 20). Cultural Proximity and Housing Investment . CUNY Marxe School of Public and International Affairs (MSPIA) Seminar Series.

Gan, Q., Hu, M., Shi, Y., & Zhang, A. Q. (2026, January 20). Presale Discounts and Risk Sharing: Evidence from the Hong Kong Real Estate Market. 2024 AREUEA-ASSA Annual Conference. San Antonio, Texas

Chen, Z., Hu, M., Jin, G. Z., & Zhao, Q. (2026, May 20). Haste or Waste? The Role of Presale in Residential Housing. NYC Real Estate Conference. : NYU.

Chen, Z., Hu, M., Jin, G. Z., & Zhou, Q. (2026, June 20). Haste or Waste? The Role of Presale in Residential Housing. Asian Finance Association Annual Conference 2024. Macau

Hu, M., & Zhao, Y. (2026, December 20). Shill Bidding in Online Housing Auctions. SMU-Jinan Conference on Urban and Regional Economics. Singapore

Chen, Z., Hu, M., Jin, G., & Zhou, Q. (2026, September 20). Haste or Waste? The Role of Presale in Residential Housing. North American Meeting of the Urban Economics Association (UEA). Washington, D.C.: Urban Economics Association.

Hu, M. R., Xu, K., & Wan, X. (2026, September 20). Cross-market Spillovers of Real Estate Speculation. 2024 North American Meeting of the Urban Economics Association (UEA). Washington, D.C.

Hu, M., & Zhao, Y. (2026, July 20). Natural Disaster Experiences and Household Risk Taking. ESG Workshop at Tianjin University.

Hu, J., Hu, M., Li, S., Zhang, Y., & Zhang, Z. (2026, March 20). Horizon Risk in Renting: Evidence from a PropTech Rental Platform. 2023 European Meeting of the Urban Economics Association (UEA) Conference. Milan

Chen, X., Hu, M., & Zhang, B. (2026, July 20). Monitoring Fintech Firms: Evidence from the Collapse of Peerto-Peer Lending Platforms. 2023 IFABS (International Finance and Banking Society) Conference. UK: Oxford University.

Hu, J., Hu, M., Li, S., Zhang, Y., & Zhang, Z. (2026, April 20). Horizon Risk in Renting: Evidence from a PropTech Rental Platform. Seminar at Penn State University. Virtual

Agarwal, S., Chau, K., Hu, M., & Wan, W. X. (2026, January 20). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. 2023 AREUEA-ASSA Conference. New Orleans

Hu, J., Hu, M., Li, S., Zhang, Y., & Zhang, Z. (2026, July 20). Horizon Risk in Renting: Evidence from a PropTech Rental Platform. 2023 AREUEA International Conference. UK: University of Cambridge.

Agarwal, S., Chau, K., Hu, M., & Wan, W. (2026, August 20). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at Tsinghua University.

Hu, M., Kuang, W., Li, X., & Shi, Y. (2026, January 20). Seeing is Believing: The Impact of Buyers’ Onsite Viewing Activities on Housing Transactions. 2023 AREUEA-ASSA Conference. New Orleans

Hu, M., Wan, W. X., & Xu, K. (2026, January 20). Cross-Market Spillovers of Real Estate Speculation. 2023 AREUEA-ASSA Conference. New Orleans

Chen, X., Hu, M., & Zhang, B. (2026, December 20). Monitoring Fintech Firms: Evidence from the Collapse of Peer-to-Peer Lending Platforms. Sydney Banking and Financial Stability Conference. : University of Sydney.

Hu, M., Li, X., Shi, Y., & Zhang, M. (2026, September 20). Numerological Heuristics and Credit Risk in P2P Lending. Digital Finance Seminar at Goethe University / Leibniz Institute SAFE. Virtual: Goethe University.

Agarwal, S., Chau, K., Hu, M., & Wan, W. (2026, August 20). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at Hong Kong Baptist University.

Chen, Z., Hu, M., Jin, G., & Zhou, Q. (2026, December 20). Haste or Waste? The Role of Presale in Residential Housing. Jinan-SMU Conference on Urban and Regional Economics. Guangzhou, China

Agarwal, S., Hu, M., & Lee, A. (2026, April 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. Western Economic Association International Conference. Melbourne

Agarwal, S., Hu, M., & Lee, A. (2026, June 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AsianFA Conference. PolyU HK

Agarwal, S., Hu, M., & Lee, A. (2026, August 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AsRES-AREUEA Joint Conference,. Tokyo, Japan

Agarwal, S., Hu, M., & Lee, A. (2026, December 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. FMA Asia Pacific Conference. Melbourne

Agarwal, S., Hu, M., & Lee, A. (2026, January 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AREUEA/ASSA Conference, Virtual.

Agarwal, S., Chau, K., Hu, M., & Wan, W. X. (2026, November 20). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at University of Florida.

Agarwal, S., Chau, K., Hu, M., & Wan, W. (2026, May 20). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. 2022 ABFER 9th Annual Conference (Real Estate & Urban Economics). Singapore

Hu, M., Tsang, D., & Wan, X. (2026, October 20). Corporate Relocation and Housing Market Spillovers. Seminar at University of Hong Kong, 2022 Oct.

Agarwal, S., Chau, K., Hu, M., & Wan, W. X. (2026, November 20). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at Florida State University.

Hu, M., Agarwal, S., & Lee, A. (2026, July 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AREUEA International Conference. Singapore

Hu, M., Agarwal, S., & Lee, A. (2026, December 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. Jinan-SMU-ABFER Conference on Urban and Regional Economics.

Hu, M., Agarwal, S., & Lee, A. (2026, October 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. Urban Economic Association Virtual Conference. Virtual

Agarwal, S., Hu, M., & Lee, A. (2026, November 20). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. The 12th ReCapNet Conference. Mannheim and Virtual

He, Z., Hu, M., Wang, Z., & Yao, V. (2026, December 20). Valuation of Long-Term Property Rights under Political Uncertainty. NBER Chinese Economy Working Group Meeting. Virtual

Research Currently in Progess

Hu, M., Yildirim, Y., & Jiang, Y.(n.d.). Paying More for Less: Racial Disparities in Rental Housing Quality. In Progress.

Hu, M., & Yildirim, Y.(n.d.). Cultural Proximity and Housing Investment . In Progress.

Hu, M., Li, Z., Yang, X., & Zhang, B.(n.d.). Government Information Disclosure and Implicit Bond Pricing. In Progress.

Chen, X., Hu, M., & Zhang, B.(n.d.). Monitoring Fintech Firms: Evidence from the Collapse of Peer-to-Peer Lending Platforms. In Progress.

Hu, M., Li, X., Shi, Y., & Zhang, M.(n.d.). Adverse Selection and Credit Certificates: Evidence from a P2P Platform. In Progress.

Hu, M., Lee, A., & Putnin, T.(n.d.). Evading Capital Controls via Cryptocurrencies: Evidence from the Blockchain. In Progress.

Hu, M., Peng, L., & Zhao, Y.(n.d.). Weathering the Storm: The Impact of Natural Disasters on Household Financial Decisions and the Role of Government Safety Nets. In Progress.

Agarwal, S., Hu, M., & Zhao, Y.(n.d.). Fake Bidders, Real Consequences: Shill Bidding and Price Manipulation in Judicial Housing Auctions. In Progress.

Hu, J., Hu, M., Li, S., Zhang, Y., & Zhang, Z.(n.d.). Horizon Risk in Renting: Evidence from a PropTech Rental Platform. In Progress.

Honor / AwardOrganization SponsorDate ReceivedDescription
Interdisciplinary Innovative Seed GrantBaruch College2025-12-02Baruch College Interdisciplinary Innovative Seed Grant Award, 2025-2026
ARES Conference Real Estate Brokerage/Agency AwardAmerican Real Estate Society2025-04-30
PSC CUNY Research Award University Committee on Research Award, CUNY2025-04-15PSC-CUNY Research Award # 68499-00 56 for $6000 from Jul 2025-Jul 2026
Research Impact AwardCUNY2025-03-31Research Impact Award at 2025 CUNY Cross-College Faculty Research Symposium
Best Paper Award2022 Asian Financial Association Conference2022-06-30Pacific-Basin Finance Journal (PBFJ) Best Paper Award
Best Paper Award2022 Academy of Finance Conference2022-03-30"Tobin Tax Policy, Housing Speculation, and Property Market Dynamics" won the Best Paper Award in Real Estate Track
Best Paper Award2022 Academy of Finance Conference2022-03-30"Evading Capital Controls via Cryptocurrencies: Evidence from the Blockchain" received the Best Paper Award in Global Finance Track
Research GrantAlrov Institute for Real Estate Research2021-07-01Research Grant from Alrov Institute for Real Estate Research, Tel Aviv University, Total Grant Value 30,000 NIS, 2021-2022
Best Paper Award2021 Academy of Finance Conference2021-03-30"Corporate Relocation and Housing Market Spillover" won the Best Paper Award in Real Estate Track
Rising Star Award in Real Estate ResearchThe 2019 Shanghai Real Estate Finance Symposium 2019-11-01Rising Star Award in Real Estate Research, Shanghai Real Estate Finance Symposium, 2019
Best Paper AwardIndonesian Financial Management Association (IFMA) International Conference, 20162016-07-01Best Paper Award at Indonesian Financial Management Association (IFMA) International Conference, 2016
Best Paper AwardGlobal Real Estate Summit (AsRES joint with GCREC) 20152015-12-20"Melting Pot or Salad bowl: Culture Distance and Housing Investments” won the Best Paper Award (3rd Place)

College

Committee NamePosition RoleStart DateEnd Date
Graduate Curriculum CommitteeCommittee MemberPresent
Graduate Thesis CommitteeCommittee MemberPresent
Recruitment CommitteeCommittee MemberPresent

Professional

OrganizationPosition RoleOrganization StateOrganization CountryStart DateEnd DateAudience
2025 FMA Annual Meeting Program CommitteeReviewer, Conference PaperCanada4/15/20255/15/2025International
2024 Sydney Banking and Financial Stability Conference (SBFC)Reviewer, Conference PaperAustralia9/23/20249/30/2024International
Paper Review Committee for Academy of Finance Conference Committee MemberIllinoisUnited States2/1/20223/15/2022International
Organizing Committee for Financial Management Association Conference (FMA) Asian PacificCommittee MemberAustralia6/1/20167/31/2016International
Organizing Committee, Australasian Finance and Banking Conference (AFBC)Committee MemberAustralia10/1/201312/31/2015International