Dragana Cvijanovic

Associate Professor of Applied Economics and Policy at School of Hotel Administration

Assistant Professor of Finance at Kenan-Flagler Business School

Schools

  • Kenan-Flagler Business School
  • School of Hotel Administration

Links

Biography

School of Hotel Administration

Education

  • PhD London School of Economics and Political Science (2006 — 2011)
  • MSc Finance University of Belgrade (2005 — 2006)
  • BSc (Hons) University College London (2000.09 — 2003.07)

Companies

  • Associate Professor of Applied Economics and Policy (Real Estate) Cornell SC Johnson College of Business (2020)
  • Associate Professor Of Finance University of Warwick - Warwick Business School (2019)
  • Fellow Leonard W. Wood Center for Real Estate Studies (2014 — 2019)
  • Assistant Professor of Finance University of North Carolina at Chapel Hill (2012 — 2019)
  • Visiting Assistant Professor of Finance The London School of Economics and Political Science (LSE) (2014 — 2015)
  • Assistant Professor of Finance HEC Paris (2011 — 2012)
  • Analyst Reech AiM Group and CBRE (2007 — 2008)
  • Researcher Centre for Advanced Economic Studies (CEVES) Belgrade (2005 — 2007)
  • Business Analyst Finsoft Ltd. (2003 — 2005)

Research

Publications and working papers

  • “We’ll Always Have Paris”: Out-of-Country Buyers in the Housing Market (with Christophe Spaenjers), Management Science, forthcoming.

  • Preferences of Institutional Investors in Commercial Real Estate (with Stani Milcheva and Alex van de Minne), Journal of Real Estate Finance and Economics, forthcoming.

  • Within-Bank Spillovers of Real Estate Shocks (with Vicente Cunat and Kathy Yuan), Review of Corporate Finance Studies, 7(2) 2018.
    2019 Review of Corporate Finance Studies Best Paper Award
    2018 SFS Cavalcade Keynote Paper

  • Ties that bind: how business connections affect mutual fund activism (with Amil Dasgupta and Kostas Zachariadis), Journal of Finance, 71(6) 2016.
    LSE Business Review Entry

  • Real Estate Prices and Firm Capital Structure, Review of Financial Studies, 27(9) 2014.

  • CEO Compensation and Real Estate Prices: Pay for Luck or Pay for Action? (with Ana Albuquerque, Benjamin Bennett and Claudia Custodio), revise and resubmit (4th round).

  • CEO Succession Roulette (with Nick Gantchev and Rachel Li), revise and resubmit (3rd round).

  • The Wall Street Stampede: Exit as Governance with Interacting Blockholders (with Amil Dasgupta and Kostas Zachariadis), revise and resubmit.

  • Opioid Crisis and Real Estate Prices (with Claudia Custodio and Moritz Wiedemann).

  • Does Climate Change Affect Investment Performance? Evidence From Commercial Real Estate (with Alex van de Minne).

  • Information Asymmetries, Financial Constraints and Institutional Investment: Evidence from the Real Estate Market (with Stani Milcheva and Alex van de Minne).

  • Impact of Insitutional Investors on Real Estate Risk (with Stani Milcheva and Alex van de Minne).

  • Free-riders and Underdogs: Participation in Corporate Voting (with Moqi Groen-Xu and Kostas Zachariadis).
    Harvard Law School Forum on Corporate Governance and Financial Regulation Entry

  • Intergenerational Wealth Transfer: the Effect of Parental Housing Equity on Children’s Financial Outcomes. Email me for a copy.

  • New in town: demographics, immigration, and the price of real estate (with Jack Favilukis and Christopher Polk). Email me for a copy.

Kenan-Flagler Business School

Dragana Cvijanovic’s research interests lie in the areas of empirical corporate finance and real estate finance.

Her current research focuses on the impact of real estate market spill overs on corporate and institutional financing and investment decision making.

Prior to joining UNC Kenan-Flagler, she served on the faculty at HEC Paris.

Dr. Cvijanovic also worked as a research analyst in the property hedge fund industry in the United Kingdom.

She received a PhD in finance from the London School of Economics, where she was also affiliated with the Financial Markets Group. She holds a master’s degree in quantitative finance from the University of Belgrade (SECCF) and a BSc in computer science from University College London.

### Areas of Expertise

  • finance
  • finance - corporate
  • finance - real-estate
  • real estate finance and development
  • corporate finance

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