List of Faculty Research Publications

Finance Journals

Authors in bold are affiliated with HKUST at the time of publication

  • Journal of Finance
  • Review of Financial Studies
  • Journal of Financial Economics
  • Journal of Financial and Quantitative Analysis
  • Journal of Business
  • Management Science
  • Review of Finance
  • Journal of Corporate Finance
  • Journal of Empirical Finance
  • Journal of Financial Intermediation
  • Journal of Financial Markets
  • Journal of Banking and Finance
  • Others

Journal of Finance

Lemmon, Michael, Liu, Laura Xiaolei, Mao Mike Qinghao and Nini, Greg, 2014, Securitization and Capital Structure in Nonfinancial Firms: An Empirical Investigatio, Journal of Finance, v. 69, (4), August 2014, p. 1787-1825.

I. Babenko, M. Lemmon and Yuri Tserlukevich, 2011, Employee Stock Options and Investment, Journal of Finance, vol. 66, issue 3, pages 981-1009.

Mark S. Seasholes and N. Zhu, 2010, Individual Investors and Local Bias, Journal of Finance, 65(5) October, 1987-2011.

C. Comerton-Forde, T. Hendershott, C. Jones, P. Moulton, and Mark Seasholes, 2010, Time Variation in Liquidity: The Role of Market Maker Inventories and Revenues, Journal of Finance, 65 (1), 295-331.

Chui, Andy C.W., Sheridan Titman, and K.C. John Wei, 2010, Individualism and momentum around the world, Journal of Finance 65, 361-392.

Kee-Hong Bae and Vidhan Goyal, 2009, Creditor rights, Enforcement and Bank Loans, Journal of Finance, 64, 823-860.

Sudipto Dasgupta and Xin Chang, 2009, Target Behavior and Financing: How Conclusive is the Evidence? Journal of Finance 64 (4), 1767-1796(30).

Ilona Babenko and Yuri Tserlukevich, 2009, Analyzing the Tax Benefits from Employee Stock Options, Journal of Finance, Volume 64: Issue 4, 1797-1825.

Ilona Babenko, 2009, Share Repurchases and Pay-Performance Sensitivity of Employee Compensation Contracts, Journal of Finance 64, p. 117-151.

Sophie X. Ni, Jun Pan, and Allen M. Poteshman, 2008, Volatility Information Trading in Option Market, Journal of Finance 63, 1059 - 1091.

Shantanu Banerjee, Sudipto Dasgupta and Yungsan Kim, 2008, Buyer-Supplier Relationships and the Stakeholder Theory of Capital Structure, Journal of Finance 63 (5), 2507-2552.

Kalok Chan, Albert J. Menkveld and Zhishu Yang, 2008, Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount, Journal of Finance, 159-196.

Joshua Pollet and Mungo Wilson, 2008, How Does Size Affect Mutual Fund Behavior? Journal of Finance, Vol 63 (6), 2941-2969.

Tim Adam, Sudipto Dasgupta and Sheridan Titman, 2007, Financial Constraints, Competition, and Hedging in Industry Equilibrium, Journal of Finance, Vol 62 (5), 2445 - 2473.

Peter Mackay and Sara Moeller, 2007, The Value of Corporate Risk Management, Journal of Finance, Vol 62(3), 1379-141.

Harrison Hong, Jeremy Stein and Jialin Yu, 2007, Simple Forecasts and Paradigm Shifts, Journal of Finance, Vol. LXII, No. 3, pp. 1207-1242.

Sudipto Dasgupta, Chang Xin and Gilles Hilary, 2006, Analyst Coverage and Financing Decisions, Journal of Finance, Vol 61 (6), 3009-3048.

Kalok Chan, Vicentiu Covrig, and Lilian Ng, 2005, What determines the domestic bias and foreign bias? Evidence from mutual fund equity allocations worldwide, Journal of Finance, Vol 60 (3), 1495-1534.

Thomas J. George and Chuan-yang Hwang, 2004, The 52-Week High and Momentum Investing, Journal of Finance, Vol 59(5), 2145- 2176.

L. Feng and Mark Seasholes, 2004, Correlated Trading and Location, Journal of Finance, LIX, 5, October, 2117-2144.

Chan, Kalok, Hameed, Allaudeen and Ting Lau, Sie, 2003, What if Trading Location Is Different from Business Location? Evidence from the Jardine Group,  Journal of Finance 58 (3), 1221-1246.

Claessens, Stijn, Djankov, Simeon, Fan, Joseph P. H. and Lang, Larry H. P, 2002, Disentangling the Incentive and Entrenchment Effects of Large Shareholdings, Journal of Finance 57 (6), 2741-2771.

Kent Daniel, Sheridan Titman  andK.C. John Wei, 2001, Explaining the Cross-Section of Stock Returns in Japan: Factors or Characteristics? Journal of Finance 56 (2), 743-766.

Ahn, Hee-Joon, Bae, Kee-Hong and Chan, Kalok, 2001, Limit Orders, Depth, and Volatility: Evidence from the Stock Exchange of Hong Kong, Journal of Finance 56 (2), 767-788.

Bailey, Warren, Chan, Kalok and Chung, Y. Peter, 2000, Depositary Receipts, Country Funds, and the Peso Crash: The Intraday Evidence, Journal of Finance 55 (6), 2693-2717.

Park, Cheol, 2000, Monitoring and Structure of Debt Contracts, Journal of Finance 55 (5), 2157-2195.

Kan, R. and Zhang, C. , 1999, Two-pass tests of asset pricing models with useless factor, Journal of Finance, 54, 203-235. Nominated for Smith Breeden Prize.

Kang, Jun-Koo, Shivdasani, Anil and Yamada, Takeshi, 2000, The Effect of Bank Relations on Investment Decisions: An Investigation of Japanese Takeover Bids, Journal of Finance 55 (5), 2197-2218.

He, Jia and Ng, Lilian K, 1998, The Foreign Exchange Exposure of Japanese Multinational Corporations, Journal of Finance 53 (2), 733-753.

Ravi Jagannathan and Zhenyu Wang, 1996, The Conditional CAPM and the Cross-Section of Expected Returns, Journal of Finance 51 (1), 3-53.

K. C. Chan, Silverio Foresi, Larry H. P. Lang, 1996, Does Money Explain Asset Returns? Theory and Empirical Analysis, Journal of Finance 51 (1), 345-361.

Nai-fu Chen, Charles J. Cuny and Robert A. Haugen, 1995, Stock Volatility and the Levels of the Basis and Open Interest in Futures Contracts, Journal of Finance 50 (1), 281-300.

Tim Opler and Sheridan Titman, 1993, The Determinants of Leveraged Buyout Activity: Free Cash Flow vs. Financial Distress Costs, Journal of Finance 48 (5), 1985-1999.

Nai-Fu Chen, Raymond Kan and Merton H. Miller, 1993, Are the Discounts on Closed-End Funds a Sentiment Index?, Journal of Finance 48 (2), 795-800.

Narasimhan Jegadeesh and Sheridan Titman, 1993, Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency, Journal of Finance 48 (1), 65-91.

Mark Grinblatt and Sheridan Titman, 1992, The Persistence of Mutual Fund Performance, Journal of Finance 47 (5), 1977-1984.

K. C. Chan and Nai-Fu Chen, 1991, Structural and Return Characteristics of Small and Large Firms, Journal of Finance 46 (4), 1467-1484.

Nai-Fu Chen, 1991, Financial Investment Opportunities and the Macroeconomy, Journal of Finance 46 (2), 529-554.

Review of Financial Studies

Xin Chang, Sudipto Dasgupta, Jiaquan Yao, and George Wong, 2014, Cash Flow Sensitivities and the Allocation of Internal Cash Flow, Review of Financial Studies, v27, (12), p. 3628-3657

Babenko, Ilona and Sen, Rik, 2014, Money Left on the Table: An Analysis of Participation in Employee Stock Purchase Plans, Review of Financial Studies, v.27, (12), 2014, Dec, p. 3658-3698

Hengjie Ai, Mariano M. and Kai Li, 2013, Toward a Quantitative General Equilibrium Asset Pricing Model with Intangible Capital, Review of Financial Studies, 26(2)

S. Andersen and Kasper Meisner Nielsen, Ability or finances as constraints to entrepreneurship? Evidence from survival rates in a natural experiment, Review of Financial Studies, 25 (12), 3685-3710. December 2012.

Kasper Meisner Nielsen and S. Andersen, Participation constraints in the stock market: Evidence from unexpected inheritance due to sudden death, Review of Financial Studies, (2011) 24 (5): 1667-1697.

Darwin Choi, Mila Getmansky, Brian Henderson, and Heather Tookes, 2010, Convertible Bond Arbitrageurs as Suppliers of Capital, Review of Financial Studies 23 (6): 2492-2522.

Jie Gan, 2010, Housing Wealth and Consumption Growth: Evidence from a Large Panel of Households, Review of Financial Studies, 23 (6): 2229-2267.

Laura Xiaolei Liu and Zhang, Lu, Momentum Profits, Factor Pricing, and Macroeconomic Risk, Review of Financial Studies, 2008 21: 2417-2448.

Jie Gan and Tim Riddiough, Monopoly and Information Advantage in the Residential Mortgage Market, Review of Financial Studies, 2008, pp. 2677-2703.

Jie Gan, 2007, The Real Effects of Asset Market Bubbles: Loan- and Firm-Level Evidence of a Lending Channel, Review of Financial Studies 20, 1941-1973

Peter MacKay and Gordon Phillips, 2005, How Does Industry Affect Firm Financial Structure?" Review of Financial Studies, 18(4), 1433-1466.

Antonio E. Bernardo, Hongbin Cai, and Jiang Luo, 2004, Capital Budgeting in Multidivision Firms: Information, Agency, and Incentives, Review of Financial Studies, Vol.17 (3): 739-767.

Kalok Chan, Y. Peter Chung, and Wai-Ming Fong, 2002, The Informational Role of Stock and Option Volume, Review of Financial Studies, Vol.15 (4): 1049-1075.

Thomas J. George and Chuan-Yang Hwang, 2001, Information Flow and Pricing Errors: A Unified Approach to Estimation and Testing, Review of Financial Studies, Vol.14 (4): 979-1020.

Sudipto Dasgupta and Sheridan Titman, 1998, Pricing strategy and financial policy, Review of Financial Studies, Vol.11 (4): 705-737.

CB Cadsby, M Frank and V Maksimovic, 1998, Equilibrium dominance in experimental financial markets, Review of Financial Studies, Vol.11 (3): 189-232.

J Cai, KC Chan, and T Yamada, 1997, The performance of Japanese mutual funds, Review of Financial Studies, Vol.10 (2): 237-274.

Journal of Financial Economics

Sen, Rik and Tumarkin, Robert, 2015, Stocking up: Executive optimism, option exercise, and share retention, Journal of Financial Economics, v. 118, (2), November 2015, Article number 2570, Pages 399-430

Kalok Chan and Chan, Yue-Cheong,2014, Price informativeness and stock return synchronicity: Evidence from the pricing of seasoned equity offerings, Journal of Financial Economics, v. 114, (1), October 2014, p. 36-53

George Panayotov, Gurdip Bakshi, 2013, Predictability of Currency Carry Trades and Asset Pricing Implications, Journal of Financial Economics, Volume 110, 139-163.

Mario Daniele Amore, Cédric Schneider and Alminas Žaldokas, 2013, Credit Supply and Corporate Innovation, Journal of Financial Economics, Volume 109, 835–855.

Gang Li and Chu Zhang, 2013, Diagnosing affine models of options pricing: Evidence from VIX, Journal of Financial Economics, Volume 107, 199-219.

Mark S. Seasholes, R. Burlacu, P. Fontaine and S. Jimenez-Garces, 2012, Risk and the Cross-Section of Stock Returns,  Journal of Financial Economics,  v. 105, (3), p. 511-522.

Jialin Yu, 2011, Disagreement and Return Predictability of Stock Portfolios, Journal of Financial Economics, Vol. 99, 162-183.

Xuewen Liu and A. Mello, 2011, The Fragile Capital Structure of Hedge Funds and the Limits to Arbitrage, Journal of Financial Economics, Volume 102, Issue:3, Pages: 491-506.

Lam, Eric F.Y.C., and K.C. John Wei, 2011, Limits-to-arbitrage, investment frictions, and the asset growth anomaly, Journal of Financial Economics 102, 127-149.

Du Du, General Equilibrium Pricing of options with habit formation and event risks, Journal of Financial Economics, Volume 99, Issue 2, February 2011, Pages 400-426.

Bang Dang Nguyen and Kasper Meisner Nielsen, The Value of Independent Directors: Evidence from Sudden Deaths, Journal of Financial Economics, Volume 98, Issue 3, December 2010, Pages 550-567.

Joshua Pollet and Mung Wilson, 2010, Average correlation and stock market returns, Journal of Financial Economics, vol. 96, issue 3, pages 364-380.

S. Andrade, C. Chang and Mark Seasholes, 2008, Trading Imbalances, Predictable Reversals, and Cross-Stock Price Pressure, Journal of Financial Economics, 88 (2), May, 406-423.

Harrison Hong,  Jiang Wang and Jialin Yu, 2008, Firms as Buyers of Last Resort, Journal of Financial Economics, Vol. 88, Issue 1, pp. 119-145, April 2008.

Jie Gan, 2007, Collateral, Debt Capacity, and Corporate Investment: Evidence from a Natural Experiment,  Journal of Financial Economics 85, 709-734.

J. Sagi and Mark Seasholes, 2007, Firm Specific Attributes and the Cross-Section of Momentum, Journal of Financial Economics 84 (2), 389-434.

Gurdip Bakshi, Nengjiu Ju and Hui Ou-Yang, 2006, Estimation of continuous-time models with an application to equity volatility dynamics, Journal of Financial Economics 82 (1), 227-249.

Antonio E. Bernardo, Jiang Luo and James J.D. Wang, 2006, A theory of socialistic internal capital markets,  Journal of Financial Economics 80 (3), 485-509.

Kalok Chan and Allaudeen Hameed, 2006,  Stock Price Synchronicity and Analyst Coverage in Emerging  Markets, Journal of Financial Economics 80, 115-147.

Sophie Xiaoyan Ni, Neil D. Pearson, and Allen M. Poteshman, 2005, Stock Price Clustering on Option Expiration Dates,  Journal of Financial Economics 78, 49–87.

Yi-Lin Wu, 2004, The choice of equity-selling mechanisms, Journal of Financial Economics 74, 93-119.

Jie Gan, 2004, Banking market structure and financial stability: Evidence from the Texas real estate crisis in the 1980s, Journal of Financial Economics 73, 567-601.

Kee-Hong Bae, Kalok Chan and Angela Ng, 2004,  Investibility and return volatility, Journal of Financial Economics 71, 239-263.

François Degeorge, Dirk Jenter and Alberto Moel, and  Peter Tufano, 2004, Selling company shares to reluctant  employees: France Telecom's experience, Journal of Financial Economics 71, 169-202.

Murray Z. Frank, and Vidhan K. Goyal, 2003, Testing the pecking order theory of capital structure, Journal of Financial Economics 67, 217-248.

John Y. Campbell, Yeung Lewis Chan, and Luis M. Viceirac, 2003, A multivariate model of strategic asset allocation, Journal of Financial Economics 67, 41-80.

Kee-Hong Bae, Jun-Koo Kang, and Chan-Woo Lim, 2002, The value of durable bank relationships: evidence from Korean banking shocks, Journal of Financial Economics 64, 181-214.

Vidhan K. Goyal, Kenneth Lehn, and Stanko Racic, 2002, Growth opportunities and corporate debt policy: the case of the U.S. defense industry, Journal of Financial  Economics 64, 35-59.

Antonio E. Bernardo, Hongbin Cai and Jiang Luo, 2001, Capital budgeting and compensation with asymmetric information and moral hazard, Journal of Financial Economics 61, 311-344.

Kalok Chan and Wai-Ming Fong, 2000, Trade size, order imbalance, and the volatility–volume relation, Journal of Financial Economics 57, 247-273.

Raymond Kan and Chu Zhang, 1999, GMM tests of stochastic discount factor models with useless factors, Journal of Financial Economics 54, 103-127.

Journal of Financial and Quantitative Analysis

Tai-Yuan Chen, Sudipto Dasgupta, and Yangxin Yu, 2014, Transparency and Financing Choices of Family Firms,  Journal of Financial and Quantitative Analysis. v. 49, (2), 2014 March, p. 381-408

Cen, Ling, Hilary, Gilles and K.C. John Wei, 2013, The Role of Anchoring Bias in the Equity Market: Evidence from Analysts' Earnings Forecasts and Stock Returns, Journal of Financial and Quantitative Analysis, v. 48, (1), 2013, February, p. 47-76

Vidhan K., Goyal and Wei Wang, 2013. Debt Maturity and Asymmetric Information: Evidence from Default Risk Changes, Journal of Financial and Quantitative Analysis,  v. 48, (3), 789-817.

Zhihong Chen, Yuan Huang and K.C. John Wei , 2013, Executive Pay Disparity and the Cost of Equity Capital, Journal of Financial and Quantitative Analysis, v. 48, (3), 2013, June, p. 849-885

TITMAN, Sheridan, XIE, Feixue and K.C. John Wei, 2013, Market development and the asset growth effect: International evidence, Journal of Financial and Quantitative Analysis, v. 48, (5), 2013, Oct, p. 1405-1432

Sudipto Dasgupta, Thomas Noe and Zhen Wang, October 2011, Where Did All the Dollars Go? The Effect of Cash Flows on Capital and Asset Structure, Journal of Financial and Quantitative Analysis 46, pp 1259-1294.

Li, G. and Chu Zhang, 2011, Why are derivative warrants more expensive than options? an empirical study, Journal of Financial and Quantitative Analysis 46, pp 275-297.

Chen, Kevin C.W., Zhihong Chen, and K.C. John Wei, 2011, Agency costs of free cash flows and the effect of shareholder rights on the implied cost of capital, Journal of Financial and Quantitative Analysis 46, 171-207.

Sudipto Dasgupta, Jie Gan and Ning Gao, 2010, Transparency, Stock Return Synchronicity, and the Informativeness of Stock Prices: Theory and Evidence, Journal of Financial and Quantitative Analysis, 45: 1189-1220.

Chu Zhang, 2010, A re-examination of the causes of time-varying stock return volatilities, Journal of Financial and Quantitative Analysis, 45, 663-684.

Gady Jacoby, Chuan Liao and Jonathan Batten, 2009, Testing for the Elasticity of Corporate Yield Spreads, Journal of Financial and Quantitative Analysis, 44: 641-656.

Evrim Akdoğu and Peter Mackay 2008, Investment and Competition, Journal of Financial and Quantitative Analysis, 43 (2), 299-330.

Nengjiu Ju, Robert Parrino, Allen M Poteshman and Michael S Weisbach, 2005, Horses and Rabbits? Trade-Off Theory and Optimal Capital Structure, Journal of Financial and Quantitative Analysis, Vol. 40 (2), 259-282.

Kevin Q Wang, 2005, Multifactor Evaluation of Style Rotation, Journal of Financial and Quantitative Analysis, Vol. 40(2), 349-372.

Sheridan Titman, K. C. John Wei, Feixue Xie, 2004 Capital Investments and Stock Returns, Journal of Financial and Quantitative Analysis, Vol. 39 (4), 677-700.

Kalok Chan; Allaudeen Hameed and Wilson Tong, 2000, Profitability of Momentum Strategies in the International Equity Markets, The Journal of Financial and Quantitative Analysis, Vol. 35(2), 153-172.

Chang-Soo Kim; David C. Mauer and Ann E. Sherman, 1998, The Determinants of Corporate Liquidity: Theory and Evidence, The Journal of Financial and Quantitative Analysis, Vol. 33(3), 335-359.

Thomas J. George and Chuan-Yang Hwang, 1995, Transitory Price Changes and Price-Limit Rules: Evidence from the Tokyo Stock Exchange, The Journal of Financial and Quantitative Analysis, Vol. 30(2), 313-327

Eric C. Chang, J. Michael Pinegar and R. Ravichandran, 1993, International Evidence on the Robustness of the Day-of-the-Week Effect, The Journal of Financial and Quantitative Analysis, Vol. 28(4), 497-513

Carolyn Carroll; Paul, D. Thistle and K. C. John Wei, 1992, The Robustness of Risk-Return Nonlinearities to the Normality Assumption, The Journal of Financial and Quantitative Analysis, Vol. 27(3), 419-435

Journal of Business

Hameed, Allaudeen and Yuanto Kusnadi, 2006, Stock Return Cross-Autocorrelations and Market Conditions in Japan, Journal of Business, Vol. 79 (6), 3029-3056

Kee-Hong Bae, Chanwoo Lim and K. C. John Wei, 2006, Corporate Governance and Conditional Skewness in the World's Stock Markets. Journal of Business, Vol. 79 (6), 2999-3028

Wei, S.X. and Zhang, C., 2006, Why did individual stocks become more volatile? Journal of Business, 79, 259-292

Nengjiu Ju and Hui Ou-Yang, 2006, Capital Structure, Debt Maturity, and Stochastic Interest Rates, Journal of Business, Vol. 79 (5), 2469-2502

Joseph P. H. Fan and Vidhan K. Goyal, 2006, On the Patterns and Wealth Effects of Vertical Mergers, Journal of Business, Vol.79 (2), 877-902

Gurdip Bakshi and Nengjiu Ju, 2005, A Refinement to Aït-Sahalia's (2002) Maximum Likelihood Estimation of Discretely Sampled Diffusions: A Closed-Form Approximation Approach, Journal of Business, Vol.78 (5), 2037-2052

Geert Bekaert, Campbell R. Harvey, and Angela Ng, 2005, Market Integration and Contagion, Journal of Business, Vol.78 (1), 39-70

S. Viswanathan and James J. D. Wang, 2004, Inter-Dealer Trading in Financial Markets, Journal of Business, Vol.77 (4), 987-1040

Vidhan K. Goyal and Takeshi Yamada, 2004, Asset Price Shocks, Financial Constraints, and Investment: Evidence from Japan, Journal of Business, Vol.77 (1), 175-199

Joseph P. H. Fan and Larry H. P. Lang, 2000, The Measurement of Relatedness: An Application to Corporate Diversification, Journal of Business, Vol.73 (4), 629-660

Nai-fu Chen and Feng Zhang, 1998, Risk and Return of Value Stocks, Journal of Business, Vol.71 (4), 501-535

K. C. Chan, William G. Christie and Paul H. Schultz, 1995, Market Structure and the Intraday Pattern of Bid-Ask Spreads for NASDAQ Securities, Journal of Business, Vol.68 (1), 35-60

Eric C. Chang, Prem C. Jain and  Peter R. Locke, 1995, Standard & Poor's 500 Index Futures Volatility and Price Changes Around the New York Stock Exchange Close, Journal of Business, Vol.68 (1), 61-84

Mark Grinblatt and Sheridan Titman, 1993, Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns, Journal of Business, Vol.66 (1), 47-68

Management Science

Babenko, Ilona and Sen, Rik, 2016, Do Nonexecutive Employees Have Valuable Information? Evidence from Employee Stock Purchase Plans, Management Science, v. 62, (7), July 2016, p. 1878-1898

Mao, Qinghao Mike, and K.C. John Wei, 2016, Cash flow news and the investment effect in the cross-section of stock returns, Management Science 62, 2504-2519.

Liu, Laura Xiaolei, Sherman, Ann E.and Zhang, Yong, 2014, The Long-Run Role of the Media: Evidence from Initial Public Offerings, Management Science, v. 60, (8), August 2014, p. 1945-1964

Michael Lemmon and Sophie X Ni, 2014, Differences in Trading and Pricing between Stock and Index Options, Management Science, Articles in Advance, pp. 1-17.

Cen, Ling ,Kalok Chan, Dasgupta Sudipto and Gao, Ning, 2013, When the Tail Wags the Dog: Industry Leaders, Limited Attention, and Spurious Cross-Industry Information Diffusion, Management Science, v. 59, (11), November 2013, p. 2566-2585

Nengjiu Ju and Xuhu Wan, 2012, Optimal Compensation and Pay-Performance Sensitivity in a Continuous-Time Principal-Agent Model, Management Science, 58, 641-657

Bruno Solnik and Luo Zuo, February 2012, A Global Equilibrium Asset Pricing Model with Home Preference, Management Science, Vol. 58, No. 2, pp. 273–292

Yuk Ying Chang, Sudipto Dasgupta and Gilles Hilary, October 2010, CEO Ability, Pay, and Firm Performance, Management Science, Vol. 56, No. 10, pp. 1633-1652

G. Li and Chu Zhang, 2010, On the number of state variables in options pricing, Management Science, 55, 2058-2075.

Chu Zhang, 2009, Testing the APT with the maximum Sharpe ratio of extracted factors, Management Science, 55, 1255-1266.

Review of Finance

Tim R. Adam, 2002, Do Firms Use Derivatives to Reduce their Dependence on External Capital Market?, European Finance Review, rename Review of Finance,6, 163-187

He, J., Ng, L. and Zhang, C. , 1999, Asset pricing specification errors and performance evaluation, European Finance Review, renamed Review of Finance, 3, 205-232

Journal of Corporate Finance

M. Bennedsen, Kasper Meisner Nielsen and T.V. Nielsen, 2012, Private contracting and corporate governance: Evidence from the provision of tag-along rights in Brazil, Journal of Corporate Finance 18 (4), 904-918.

Kusnadi, Yuanto and K.C. John Wei, 2011, The determinants of corporate cash management policies: Evidence from around the world, Journal of Corporate Finance 17, 725-740.

Winnie Peng, K.C. John Wei, and Zhishu Yang, 2011, Tunneling or propping: Evidence from connected transactions in China, Journal of Corporate Finance 17, 306-325.

Fan, Joseph, P.H., K.C. John Wei, and Xinzhong Xu, 2011, Corporate finance and governance in emerging markets: A selective review and an agenda for future research, Journal of Corporate Finance 17, 207-214.

Bae, Kee-Hong, and Vidhan K. Goyal, 2010, Corporate Governance and Stock Market Liberalization, Journal of Corporate Finance 16, 609-621 (lead article).

Laura Xiaolei LIU, 2009, Historical market-to-book in a partial adjustment model of leverage, Journal of Corporate Finance 15, 602-612.

Chen, Kevin C.W., Zhihong Chen, and K.C. John Wei, 2009, Legal protection of investors, corporate governance, and the cost of equity capital, Journal of Corporate Finance 15, 273-289 (lead article).

K.C. John Wei and Yi Zhang, 2008, Ownership structure, cash flow, and corporate investment: Evidence from East Asian economies before the financial crisis, Journal of Corporate Finance 14, 118-132.

Sudipto Dasgupta and Yuk Ying Chang, 2007, Beyond Internal Capital Markets: The In-House Transmission of Adverse Sales Shocks and the Collateral Channel, Journal of Corporate Finance 13 (5), 743-770.

W.K. Adrian Cheung and K.C. John Wei, 2006, Insider ownership and corporate performance: Evidence from the adjustment cost approach, Journal of Corporate Finance, Vol. 12, (5), 906-925

Kalok Chan, Junbo Wang, and K. C. John Wei, 2004, Underpricing and long-term performance of IPOs in China, Journal of Corporate Finance, Vol10 (3), 409-430

Yi-Lin Wu, 2004, The impact of public opinion on board structure changes, director career progression, and CEO turnover: evidence from CalPERS' corporate governance program, Journal of Corporate Finance, Vol10 (1), 199-227

Vidhan K. Goyal and Chul W. Park, 2002, Board leadership structure and CEO turnover, Journal of Corporate Finance, Vol8 (1), 49-66

Joseph P. H. Fan, 2000, Price uncertainty and vertical integration: an examination of petrochemical firms, Journal of Corporate Finance, Vol6 (4), 345-376

Vidhan K. Goyal, Neela Gollapudi and Joseph P. Ogden, 1998, A corporate bond innovation of the 90s: The clawback provision in high-yield debt, Journal of Corporate Finance, Vol 4 (4), 301-320

Bhagwan Chowdhry and Ann Sherman, 1996, International differences in oversubscription and underpricing of IPOs, Journal of Corporate Finance, Vol 2 (4), 359-381

Joseph Aharony, Haim Falk and Chan-Jane Lin, 1996, Changes in ownership structure and the value of the firm: The case of mutual-to-stock converting thrift institutions, Journal of Corporate Finance, Vol 2 (3), 301-316

Journal of Empirical Finance

Mao, Qinghao Mike, and K.C. John Wei, 2014, Price and earnings momentum: An explanation using return decomposition, Journal of Empirical Finance 28, 332-351.

Yan He, Junbo Wang, and K.C. John Wei, 2011, “Do bond rating changes affect information risk of stock trading? Journal of Empirical Finance 18, 103-116.

Zhang, C., 2009, On the explanatory power of firm-specific variables in cross-sections of expected returns, Journal of Empirical Finance, 16, 206-317

Pin-Huang Chou, K.C. John Wei, and Huimin Chung, 2007, Sources of contrarian profits in the Japanese market, Journal of Empirical Finance 14, 261-286 (lead article).

Mark Seasholes and G. Wu, 2007, Predictable Behavior, Profits, and Attention, Journal of Empirical Finance, 14, 590-610.

Steven X. Wei, 2002, A censored–GARCH model of asset returns with price limits, Journal of Empirical Finance, Vol 9 (2), 197-223 

Jin-Chuan Duan and Jean-Guy Simonato, 2002, Maximum likelihood estimation of deposit insurance value with interest rate risk, Journal of Empirical Finance, Vol 9 (1),109-132 

Yin-Wong Cheung and Lilian K. Ng, 1998, International evidence on the stock market and aggregate economic activity, Journal of Empirical Finance, Vol 5 (3), 281-296  

Journal of Financial Intermediation

Sudipto Dasgupta and Kunal Sengupta, 2007, Corporate Liquidity, Investment and Financial Constraints: Implications from a Multi-Period Model, Journal of Financial Intermediation 16, 151-174 (lead article).

Vidhan K. Goyal, 2005, Market discipline of bank risk: Evidence from subordinated debt contracts, Journal of Financial Intermediation, Vol 14(3), 318-350

Sudipto Dasguptaand Kevin Tsui, 2003, A "matching auction" for targets with heterogeneous bidders, Journal of Financial Intermediation, Vol 12(4), Pages 331-364

Jhinyoung Shin, 1996, The Optimal Regulation of Insider Trading, Journal of Financial Intermediation, Vol 5(1), Pages 49-73

Tim S. Campbell, Yuk-Shee Chan and Anthony M. Marino, 1992, An incentive-based theory of bank regulation, Journal of Financial Intermediation, Vol 2(3), Pages 255-276 

Journal of Financial Markets

Yan He, Junbo Wang, and K.C. John Wei, 2014, A comprehensive study of liquidity before and after SEOs and SEO underpricing, Journal of Financial Markets, Vol 20, 61-78.

Kenjin Kang, Kalok Chan and Allaudeen Hameed, 2013, Stock Price Synchronicity and Liquidity, Journal of Financial Markets, Vol 16, 416-438.

Harrison Hong and Jialin Yu, 2009, Gone Fishin’: Seasonality in Trading Activity and Asset Prices, Journal of Financial Markets, Vol. 12, 672–702.

Kalok Chan, Albert J. Menkveld and Zhishu Yang, 2006, Are Domestic Investors Better Informed than Foreign Investors? Evidence from the Perfectly Segmented Market in China, Journal of Financial Markets, 10(4), 391-415.

Andy C. W. Chui, Sheridan Titman and K. C. John Wei, 2003, Intra-industry momentum: the case of REITs, Journal of Financial Markets, Vol 6(3), 363-387

Ranjan D'Mello, Stephen P. Ferris and Chuan Yang Hwang, 2003, The tax-loss selling hypothesis, market liquidity, and price pressure around the turn-of-the-year, Journal of Financial Markets, Vol 6(1), 73-98

Thomas J. George and Chuan-Yang Hwang, 1998, Endogenous market statistics and security pricing: An empirical investigation, Journal of Financial Markets, Vol 1(3-4), 285-319

Journal of Banking and Finance

Yuan Huang, Eric F.Y.C. Lam, and K.C. John Wei, 2014, The q-theory explanation for the external financing effect: New evidence, Journal of Banking and Finance 49, 68-81.

Hendershott, Terrence and Mark S. Seasholes, 2014, Liquidity provision and stock return predictability, Journal of Banking & Finance, v. 45, (1), August 2014, p. 140-151

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