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

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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 Economics ReviewManagement Science, Information Systems Research, Journal of Financial and Quantitative Analysis, Review of Financeand Real Estate Economics. Her papers have received multiple Best Paper Awards at leading international conferences and have 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

SemesterCourse PrefixCourse NumberCourse Name
Spring 2025RES3200Real Estate Fin and Investment
Fall 2024RES3200Real Estate Fin and Investment

Journal Articles

Hu, M., Jiang, C., John, K., & Ju, M. (2025). Fiduciary Duty of Loyalty and Corporate Culture. Revise and Resubmit at Review of Corporate Finance Studies,

Agarwal, S., Chau, K., Hu, M., & Wan, W. (2025). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Accepted at Management Science,

Hu, M., Lee, A., & Putnin, T. (2025). Evading Capital Controls via Cryptocurrencies: Evidence from the Blockchain. Revise and Resubmit at Journal of Financial and Quantitative Analysis,

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

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,

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

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,

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.

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.

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.

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.

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

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).

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., & Zhao, Y. (2025, April 24). Fake Bidders, Real Consequences: Shill Bidding in Online Housing Auctions. Seminar at Penn State University, April 2026.

Chen, Z., Hu, M., Jin, G., & Zhou, Q. (2025, January 24). Haste or Waste? The Role of Presale in Residential Housing. AREUEA-ASSA Conference. Philadelphia

Hu, M., Peng, L., & Zhao, Y. (2025, February 24). 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., & Zhao, Y. (2025, May 24). Shill Bidding in Online Housing Auctions. Webinar at Southwestern University of Finance and Economics. Virtual

Hu, M., Jiang, Y., & Yildirim, Y. (2025, May 24). Paying More for Less: Racial Disparities in Rental Housing Quality. Brownbag Seminar at Department of Real Estate, Baruch College.

Hu, M., & Zhao, Y. (2025, July 24). Shill Bidding in Online Housing Auctions. China Financial Research Conference (CFRC). : Tsinghua University PBC School of Finance.

Hu, M., Li, Z., Yang, X., & Zhang, B. (2025, July 24). Government Information Disclosure and Implicit Bond Pricing. 2025 China International Conference in Finance (CICF).

Hu, M., & Zhao, Y. (2025, May 24). Shill Bidding in Online Housing Auctions. 2025 AREUEA National Conference. Washington, D.C.

Hu, M., Peng, L., & Zhao, Y. (2025, March 24). 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. New York City: CUNY.

Hu, M., & Zhao, Y. (2025, June 24). Shill Bidding in Online Housing Auctions. The 3rd Summer Meeting in Urban Economics, Peking University HSBC Business School.

Hu, M., & Zhao, Y. (2025, July 24). Shill Bidding in Online Housing Auctions. 2025 CES (Chinese Economist Society) Annual Conference. Guangzhou, China

Hu, M., Peng, L., & Zhao, Y. (2025, May 24). Weathering the Storm: The Impact of Natural Disasters on Household Financial Decisions and the Role of Government Safety Nets. Baruch–SWUFE Research Symposium. NYC

Hu, M., & Zhao, Y. (2025, January 24). Shill Bidding in Online Housing Auctions. Seminar at Jinan University.

Hu, M., & Zhao, Y. (2025, January 24). Shill Bidding in Online Housing Auctions. Seminar at Beijing Normal University & HKBU United International College.

Hu, M., Yildirim, Y., & Yip, W. (2025, October 24). 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. (2025, January 24). Presale Discounts and Risk Sharing: Evidence from the Hong Kong Real Estate Market. 2024 AREUEA-ASSA Annual Conference. San Antonio, Texas

Hu, M., & Zhao, Y. (2025, July 24). Natural Disaster Experiences and Household Risk Taking. ESG Workshop at Tianjin University.

Hu, M., & Zhao, Y. (2025, December 24). Shill Bidding in Online Housing Auctions. SMU-Jinan Conference on Urban and Regional Economics. Singapore

Hu, M. R., Xu, K., & Wan, X. (2025, September 24). Cross-market Spillovers of Real Estate Speculation. 2024 North American Meeting of the Urban Economics Association (UEA). Washington, D.C.

Chen, Z., Hu, M., Jin, G. Z., & Zhou, Q. (2025, June 24). Haste or Waste? The Role of Presale in Residential Housing. Asian Finance Association Annual Conference 2024. Macau

Chen, Z., Hu, M., Jin, G. Z., & Zhao, Q. (2025, May 24). Haste or Waste? The Role of Presale in Residential Housing. NYC Real Estate Conference. : NYU.

Chen, Z., Hu, M., Jin, G., & Zhou, Q. (2025, September 24). 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.

Agarwal, S., Hu, M., & Lee, A. (2025, April 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. Western Economic Association International Conference. Melbourne

Hu, M., Wan, W. X., & Xu, K. (2025, January 24). Cross-Market Spillovers of Real Estate Speculation. 2023 AREUEA-ASSA Conference. New Orleans

Hu, M., Kuang, W., Li, X., & Shi, Y. (2025, January 24). Seeing is Believing: The Impact of Buyers’ Onsite Viewing Activities on Housing Transactions. 2023 AREUEA-ASSA Conference. New Orleans

Agarwal, S., Chau, K., Hu, M., & Wan, W. X. (2025, January 24). 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. (2025, April 24). Horizon Risk in Renting: Evidence from a PropTech Rental Platform. Seminar at Penn State University. Virtual

Chen, X., Hu, M., & Zhang, B. (2025, July 24). 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. (2025, March 24). Horizon Risk in Renting: Evidence from a PropTech Rental Platform. 2023 European Meeting of the Urban Economics Association (UEA) Conference. Milan

Agarwal, S., Chau, K., Hu, M., & Wan, W. (2025, August 24). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at Tsinghua University.

Hu, J., Hu, M., Li, S., Zhang, Y., & Zhang, Z. (2025, July 24). 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. (2025, August 24). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at Hong Kong Baptist University.

Hu, M., Li, X., Shi, Y., & Zhang, M. (2025, September 24). Numerological Heuristics and Credit Risk in P2P Lending. Digital Finance Seminar at Goethe University / Leibniz Institute SAFE. Virtual: Goethe University.

Chen, X., Hu, M., & Zhang, B. (2025, December 24). Monitoring Fintech Firms: Evidence from the Collapse of Peer-to-Peer Lending Platforms. Sydney Banking and Financial Stability Conference. : University of Sydney.

Chen, Z., Hu, M., Jin, G., & Zhou, Q. (2025, December 24). 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. (2025, August 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AsRES-AREUEA Joint Conference,. Tokyo, Japan

Agarwal, S., Hu, M., & Lee, A. (2025, December 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. FMA Asia Pacific Conference. Melbourne

Agarwal, S., Hu, M., & Lee, A. (2025, January 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AREUEA/ASSA Conference, Virtual.

Hu, M., Tsang, D., & Wan, X. (2025, October 24). Corporate Relocation and Housing Market Spillovers. Seminar at University of Hong Kong, 2022 Oct.

Agarwal, S., Chau, K., Hu, M., & Wan, W. (2025, May 24). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. 2022 ABFER 9th Annual Conference (Real Estate & Urban Economics). Singapore

Agarwal, S., Chau, K., Hu, M., & Wan, W. X. (2025, November 24). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at University of Florida.

Agarwal, S., Chau, K., Hu, M., & Wan, W. X. (2025, November 24). Tobin Tax Policy, Housing Speculation, and Property Market Dynamics. Seminar at Florida State University.

Agarwal, S., Hu, M., & Lee, A. (2025, June 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AsianFA Conference. PolyU HK

Hu, M., Agarwal, S., & Lee, A. (2025, July 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. AREUEA International Conference. Singapore

Hu, M., Agarwal, S., & Lee, A. (2025, December 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. Jinan-SMU-ABFER Conference on Urban and Regional Economics.

Agarwal, S., Hu, M., & Lee, A. (2025, November 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. The 12th ReCapNet Conference. Mannheim and Virtual

Hu, M., Agarwal, S., & Lee, A. (2025, October 24). Market Impacts and Unintended Consequences of Housing Assistance Policies with Price Threshold. Urban Economic Association Virtual Conference. Virtual

He, Z., Hu, M., Wang, Z., & Yao, V. (2025, December 24). 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., & Yip, W.(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., 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.

Hu, M., & Zhao, Y.(n.d.). Shill Bidding in Online 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
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