About Dayin
Professor Zhang earned his Ph.D. in Finance and Real Estate at the Haas School of Business, University of California-Berkeley. His dissertation was awarded honorable mention of the Homer Hoyt Doctoral Dissertation Award, and CES Gregory Chow Best Paper Award.
Selected Published Journal Articles
Zhang, D. & Phalippou, L. (2023). The Cost of Mass Gatherings During a Pandemic Social Science & Medicine – Population Health
Zhang, D. & Zhang, C. & Breece, J. (2011). Financial crisis, monetary policy, and stock market volatility in China Annals of Economics and Finance
Presentations
AEA Annual Meeting (2024) Does Political Power Concentration Kill Private Investment? Evidence from China
AEA Annual Meeting (2024) Imperfect Flood Insurance Enforcement and Business Misallocation
PSU-FRB Conference on Frictions in Real Estate and Infrastructure Investment (2023) The Importance of Immigrant Workers for American Homebuilding
2023 FMA Annual Meeting (2023) Mortgage Lenders’ Diversity Policies and Mortgage Lending to Minorities
FHLBanks Congressional Staff Briefing (2023) Government-Sponsored Wholesale Funding and the Industrial Organization of Bank Lending
2023 Summer Real Estate Research Symposium (Pre-WFA) (2023) How Do Labor Shortages Affect Residential Construction and Housing Affordability?
SFS Cavalcade North America 2023 (2023) Flood Risk, Insurance and Business Relocation
FHLBanks Directors Conference (2023) Government-Sponsored Wholesale Funding and the Industrial Organization of Bank Lending
Federal Reserve-Dallas Research Seminar (2023) Imperfect Flood Insurance Enforcement and Business Misallocation
Freddie Mac Research Seminar (2023) Flood Risk, Insurance and Business Relocation
ASSA-AREUEA (2023) How Detrimental is the Unrelieved Debt During the Pandemic? The Case of Commercial Mortgages
FHFA Research Seminar (2022) Government-Sponsored Wholesale Funding and the Industrial Organization of Bank Lending
Undergraduate Courses
Real Estate Finance (RES 410), Spring 2024. Download Syllabus
Fundamentals of real estate finance and investment. Qualitative and quantitative characteristics of commercial real estate. Developing and analyzing commercial property cash flow projections. Introduction to three approaches to valuation with emphasis on investing in commercial real estate. In-depth exposure to debt and equity investor returns.
Graduate Courses
Real Estate Research Seminar (RES 978), Fall 2022. Download Syllabus
Explore cutting-edge research on urban economics and real estate being conducted across different universities. Invited speakers will describe current or past research, identify challenges involved in their work, and highlight research conceptualization, approaches, methods, and/or data analysis, to better understand how to execute a research project.
Advanced Real Estate Finance Theory (RES 870), Spring 2024. Download Syllabus
A Ph.D. seminar intended to provide an overview of theoretical and empirical research on real estate, with a focus on real estate finance. The topics covered in the course are intended to expose students to some of the major contributions in real estate research as well as a consideration of the current trends and methodological advances in recent papers.
The course will start from the global financial crisis, and study the causes, mechanisms, and consequences of large-scale mortgage defaults during the crisis. Then we move to public policies targeting mortgage borrowers and learn how government interventions panned out. Lastly, we study the different features of the current mortgage market, including financial intermediation, GSEs, brokerage, racial disparities, and market powers.
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