G****n
发帖数: 145 | 1 here we count only full time finance professors, not dually affiliated, with
100+ citation papers
CKGSB. He Hua, H. Henry Cao, Mei Jianping, Zhou Chunsheng, Chen Long
Beida, Xu Xingzhong, Liu Yu Jan, liu qiao
Tsinghua, Li Daokui
Shanghai advanced institute of finance, Chang Chun, Zhu Ning
Fudan U, Sun Qian | G****n
发帖数: 145 | 2 sun qian 100+ citation papers
How does government ownership affect firm performance? Evidence from China's
privatization experienceQ Sun, WHS Tong… - Journal of Business Finance &
…, 2002 - papers.ssrn.com
Privatization shifts ownership and control of public assets to private
investors. Many governments
use it as an important means to invigorate their state-owned enterprises (
SOEs). However, it
is not clear how changes in government ownership affect firm performance.
Some ...
Cited by 123 - Related articles - BL Direct - All 8 versions
Determinants of foreign direct investment across ChinaQ Sun, W Tong… -
Journal of International Money and Finance, 2002 - Elsevier
We analyze the spatial and temporal variation in foreign direct investment (
FDI) among China's
30 provinces from 1986 to 1998. Motivated by Naughton (Brooklings Pap Econo
Activ 2
(1996) 273), we distinguish our study from similar studies by examining
changes in ...
Cited by 188 - Related articles - BL Direct - All 11 versions
The effect of market segmentation on stock prices: The China syndrome[PDF]
from uni-hamburg.deQ Sun… - Journal of Banking & Finance, 2000 - Elsevier
China has an A-share market that is open only to local investors and a B-
share market that is
open only to foreign investors. Contrary to what has been observed in other
markets with a similar
segmented structure, the China B shares trade at a discount relative to the
A shares. We ...
Cited by 134 - Related articles - All 12 versions
China share issue privatization: the extent of its success* 1[PDF] from uri.
eduQ Sun… - Journal of Financial Economics, 2003 - Elsevier
... The recent line of research on law and finance highlights the fact that
financial securities are
defined not by their implied cash flows but ... share market, and both B-
share and H-share prices
are deeply discounted relative to their A-share counterparts ([Bailey 1994];
[Sun and Tong ...
Cited by 373 - Related articles - All 9 versions | G****n
发帖数: 145 | 3 100+ citation articles of Li Daokui
A Multitask Theory of State Enterprise Reform* 1psu.edu 中的 [PDF]
Carnegie Mellon FulltextCE Bai, DD Li, Z Tao… - Journal of Comparative
Economics, 2000 - Elsevier
... The Socialist System: The Political Economy of Communism, Princeton Univ
. Press, Princeton
(1992). 15. Li, David, D, Government Control During Transition: Theory and
Evidence from China,
unpublished manuscript, Ann Arbor, MI, Department of Economics, University
of ...
被引用次数：112 - 相关文章 - 图书馆搜索 - 所有 31 个版本
A theory of ambiguous property rights in transition economies: The case of
the Chinese non-state sectorumich.edu 中的 [PDF]DD Li - 1996 - deepblue.lib.
umich.edu
... Copyright 1996, David D. Li. Published with the author's permission by
the William Davidson
Institute. Page 2. ... Page 3. 1. Introduction A widely held belief in
economics is that institutions of
clearly-defined property rights are preconditions for economic prosperity. .
..
被引用次数：211 - 相关文章 - 所有 15 个版本 | G****n
发帖数: 145 | 4 Chang Chun 100+ papers
Human capital investment under asymmetric information: The Pigovian
conjecture revisited[PDF] from ceibs.eduC Chang… - Journal of Labor
Economics, 1996 - JSTOR
This article investigates how human capital investment, labor turnover, and
wages are jointly
determined when the current employer knows more about a worker's
productivity than potential
employers. Results derived are quite different from, or unexplored by, the
standard ...
Cited by 205 - Related articles - BL Direct - All 8 versions
[PDF] The Nature of the Township-Village Enterprise1[PDF] from tsinghua.edu.
cnC Chang… - Journal of Comparative Economics, 1994 - cms.sem.tsinghua.edu.
cn
TOWNSHIP-VILLAGE ENTERPRISE 435 TVEs produced about 40% of the nation's
total industrial
product and pro- vided employment to 112 million people.2 Questions have
been raised re- garding
the nature of township-village enterprises: Are they private firms or state-
owned ...
Cited by 190 - Related articles - BL Direct - All 6 versions | G****n
发帖数: 145 | 5 Zhu Ning 100+ papers
Efficiency and the bear: Short sales and markets around the world[PDF] from
stashbox.org…, WN Goetzmann, N Zhu - The Journal of Finance, 2007 - Wiley
Online Library
We analyze cross-sectional and time-series information from 46 equity
markets around the world
to consider whether short sales restrictions affect the efficiency of the
market and the distributional
characteristics of returns to individual stocks and market indices. We find
some evidence ...
Cited by 174 - Related articles - BL Direct - All 13 versions
The costs of bankruptcy: Chapter 7 liquidation versus Chapter 11
reorganization[PDF] from fullerton.edu…, I Welch, N Zhu - The Journal of
Finance, 2006 - Wiley Online Library
Our paper's primary objective is to measure how the two available bankruptcy
procedures
differ, especially but not only in terms of cost. We explore four variables,
namely: the change
in the estate's value during bankruptcy (a measure of indirect costs), the
time spent in ...
Cited by 128 - Related articles - BL Direct - All 14 versions
Systematic noise[PDF] from afajof.org…, T Odean, N Zhu - Journal of
Financial Markets, 2009 - Elsevier
... those patterns. For example, individual investors tend to hold on to
losing common
stock positions and sell their winners (Shefrin and Statman, 1985; Odean,
1998;
Shapira and Venezia, 2001; Dhar and Zhu, 2006). They also ...
Cited by 149 - Related articles - All 26 versions
Up close and personal: An individual level analysis of the disposition
effect[PDF] from yale.edu…, N Zhu - Management Science, 2006 - papers.ssrn.
com
... Ravi Dhar Yale School of Management Ning Zhu Yale School of Management .
.. portfolio
theory. Theorists in behavior finance have shown how systematic biases in ..
. each investor's
PGR and PLR: n Dispositio PLR PGR DE Effect − = )( (3) ...
Cited by 139 - Related articles - All 10 versions
The local bias of individual investors[PDF] from ucdavis.eduN Zhu -
unpublished paper, Yale University, 2002 - papers.ssrn.com
... I am responsible for all remaining errors. Correspondence: Ning Zhu, 135
Prospect Street,
Ph.D. Office, New Haven, CT 06511; E-mail: n******[email protected] Page 3. ... 1
The finance literature
has documented that investors have a strong preference for domestic
investments over ...
Cited by 150 - Related articles - All 11 versions | G****n
发帖数: 145 | 6 Xu Xingzhong 100+ papers
The incremental volatility information in one million foreign exchange
quotations…, X Xu - Journal of Empirical Finance, 1997 - Elsevier
The volatility information found in high-frequency exchange rate quotations
and in implied volatilities
is compared by estimating ARCH models for DM/$ returns. Reuters quotations
are used to calculate
five-minute returns and hence hourly and daily estimates of realised
volatility that can be ...
Cited by 186 - Related articles - All 10 versions
Understanding the equity home bias: Evidence from survey data…, X Xu -
Review of Economics and Statistics, 2003 - MIT Press
Page 1. UNDERSTANDING THE EQUITY HOME BIAS: EVIDENCE FROM SURVEY DATA Norman
Strong and Xinzhong Xu* ... Coval, JD, and TJ Moskowitz, “Home Bias at Home
Preference in Domestic Portfolios,” Journal of Finance 54 (1999), 2045–
2073. ...
Cited by 110 - Related articles - All 12 versions | G****n
发帖数: 145 | 7 Liu Yu-Jane 100+ papers
Just how much do individual investors lose by trading?[PDF] from
martinsewell.comBM Barber, YT Lee, YJ Liu… - Review of Financial …, 2009 -
Soc Financial Studies
Individual investor trading results in systematic and economically large
losses. Using a complete
trading history of all investors in Taiwan, we document that the aggregate
portfolio of individuals
suffers an annual performance penalty of 3.8 percentage points. Individual
investor ...
Cited by 114 - Related articles - All 18 versions | G****n
发帖数: 145 | 8 Liu Qiao 100+ papers
Corporate governance and market valuation in China[PDF] from umich.eduCE Bai
, Q Liu, J Lu, FM Song… - … of Comparative Economics, 2004 - Elsevier
... Journal of Comparative Economics 32 (4) (2004) 599–616. ... of the firm
market valuations, we use
various measures of corporate governance to determine Tobin's q values for .
.. highlighted by Berle
and Means led to the development of the agency approach to corporate finance
. ...
Cited by 209 - Related articles - Library Search - All 32 versions | G****n
发帖数: 145 | 9 He H 100 + papers
Convergence from discrete-to continuous-time contingent claims prices[PDF]
from yale.eduH He - Review of Financial Studies, 1990 - Soc Financial
Studies
Convergence of Contingent Claims Prices stocks and one bond available for
trading, markets
cannot be com- pleted by dynamic trading, and options cannot be priced by
arbitrage. This is
not the case in the continuous-time model, in which markets can be completed
by ...
Cited by 174 - Related articles - Library Search - All 13 versions
Differential informational and dynamic behavior of stock trading volume[PDF]
from yale.eduH He… - Review of Financial Studies, 1995 - Soc Financial
Studies
Differential Information and Dynamic Behavior of Stock Trading Volume Hua He
University of
California at Berkeley Jiang Wang Massachusetts Institute of Technology This
article develops
a muüiperiod rational ex- pectations model of stock trading in which in-
vestors have ...
Cited by 284 - Related articles - Library Search - BL Direct - All 23
versions
Consumption and portfolio policies with incomplete markets and short-sale
constraints: The infinite dimensional case* 1H He… - Journal of Economic
Theory, 1991 - Elsevier
We employ a martingale approach to study a dynamic consumption-portfolio
problem in continuous
time with incomplete markets and short-sale constraints. We introduce a
notion of minimax local
martingale and transform the dynamic problem into a static problem of
maximizing ...
Cited by 304 - Related articles - All 10 versions
On equilibrium asset price processes[PDF] from yale.eduH He… - Review of
Financial Studies, 1993 - Soc Financial Studies
Page 1. On Equilibrium Asset Price Processes Hua He Hayne Leland University
of California,
Berkeley In this article we derive necessary and sufficient conditions that
must be satisfied
by equilibrium asset price processes in apure exchange economy. ...
Cited by 148 - Related articles - Library Search - BL Direct - All 14
versions
Labor income, borrowing constraints, and equilibrium asset pricesH He… -
Economic Theory, 1993 - Springer
Summary. We develop a duality approach to study an individual's optimal
consumption and portfolio
policy when the individual has limited opportunities to borrow against
future labor income and
cannot totally insure the risk of income fluctuations. The individual's
intertemporat ...
Cited by 101 - Related articles - All 6 versions
Investments in flexible production capacity[PDF] from mit.eduH He… -
Journal of Economic Dynamics and Control, 1992 - Elsevier
... North-Holland Investments in flexible production capacity* Hua He
University of California,
Berkeley, CA ... We 598 H. He and RS Andyck, Investments inflexible
production capacity also
ignored ... value of flexibility: Reducing the ability to compromise,
American Economic Review 78 ...
Cited by 101 - Related articles - Library Search - All 9 versions
Consumption and Portfolio Policies With Incomplete Markets and Short‐Sale
Constraints: the Finite‐Dimensional Case1H He… - Mathematical Finance,
1991 - Wiley Online Library
Page 1. Mathematical Finance, Vol. 1, No. 3 (July 1991), I - 10 CONSUMPTION
AND PORTFOLIO POLICIES WITH INCOMPLETE MARKETS AND SHORT-SALE
CONSTRAINTS: THE FINITE-DIMENSIONAL CASE HUA HE ...
Cited by 110 - Related articles - Library Search - All 7 versions
Market frictions and consumption-based asset pricing[PDF] from cenet.org.cnH
He… - The Journal of Political Economy, 1995 - JSTOR
A fundamental equilibrium condition underlying most utility-based asset
pricing models is the
equilibration of intertemporal marginal rates of substitution (IMRS).
Previous empirical
research, however, has found that the comovements of consumption and asset
return ...
Cited by 163 - Related articles - Library Search - BL Direct - All 11
versions | G****n
发帖数: 145 | 10 Huining Cao 100 + papers
International portfolio investment flows…, HH Cao - The Journal of Finance,
1997 - JSTOR
DESPITE THE APPARENT advantages of the international diversification of
equity portfolios,
demonstrated by Grubel (1968), Levy and Sarnat (1970) and Solnik (1974), and
despite the general
relaxation of controls on foreign portfolio investments by developed
countries that took ...
Cited by 684 - Related articles - Library Search - BL Direct - All 11
versions
Imperfect competition among informed tradersK Back, CH Cao… - The journal
of finance, 2000 - Wiley Online Library
ABSTRACT We analyze competition among informed traders in the continuous-
time Kyle
~1985! model, as Foster and Viswanathan ~1996! do in discrete time. We
explic- itly describe
the unique linear equilibrium when signals are imperfectly cor- related and
confirm the ...
Cited by 163 - Related articles - BL Direct - All 12 versions
Inventory information[PDF] from psu.eduHH Cao, RK Lyons… - 2003 - nber.org
... a permanent effect from inventory information that ranges between 15 and
30 percent of that
from public information. H. Henry Cao Richard K. Lyons University Of North
Carolina-Chapel
Hill Haas School of Business, UC Berkeley Department of Finance ...
Cited by 106 - Related articles - Library Search - BL Direct - All 23
versions
Information, trade, and derivative securities[PDF] from nsd.edu.cn…, HH Cao
- Review of Financial Studies, 1996 - Soc Financial Studies
Information, Trade, and Derivative Securities Michael J. Brennan University
of California, Los
Angeles, and London Business School H. Henry Cao University of California,
Los Angeles
Hellwig's (1980) model is used to analyze the value of improving trading
opportunities by ...
Cited by 107 - Related articles - Library Search - BL Direct - All 11
versions | | | G****n
发帖数: 145 | 11 mei jp 100+ papers
Art as an investment and the underperformance of masterpieces[TXT] from nyu.
eduJ Mei… - The American Economic Review, 2002 - JSTOR
... of Masterpieces By JIANPING MEI AND MICHAEL MOSES* Two major obstacles
in analyzing the
art mar- ket are heterogeneity of artworks and infre- quency of trading. ...
4-Purchase --Sale 1658
DECEMBER 2002 Page 4. MEI AND MOSES: ART AS AN INVESTMENT ...
Cited by 111 - Related articles - BL Direct - All 24 versions
Where do betas come from? Asset price dynamics and the sources of systematic
risk[PDF] from harvard.edu…, J Mei - Review of Financial Studies, 1993 -
Soc Financial Studies
... grant. Address correspondence to Jianping Mei, Department of Finance,
Stern School
of Business, New York University, 44 West 4th Street, New York, NY 10012.
The
Review of Financial Studies 1993 Volume 6, number 3, pp. ...
Cited by 153 - Related articles - Library Search - BL Direct - All 13
versions
Measuring international economic linkages with stock market data[PDF] from
nyu.edu…, J Mei - The Journal of Finance, 1996 - JSTOR
ABSTRACT This article develops a new framework for measuring financial and
real economic
linkages between countries. Using United States and United Kingdom data from
1957 to
1989, we find closer financial linkages after the Bretton Woods currency
arrangement was ...
Cited by 132 - Related articles - Library Search - BL Direct - All 16
versions
The predictability of returns on equity REITs and their co-movement with
other assets…, J Mei - The Journal of Real Estate Finance and Economics,
1992 - Springer
... CROCKER H. LIU AND JIANPING MEI ... Second, it makes no assumptions
about the observability
of systematic factors in the economy. ... expected excess return on asset i,
conditional on information
known to market participants at the end of time period t. We assume that Et[
J~,t+l ...
Cited by 189 - Related articles - Library Search - All 5 versions
Turning over turnover[PDF] from nyu.edu…, J Mei - Review of Financial
Studies, 2007 - Soc Financial Studies | G****n
发帖数: 145 | 12 Zhou Chunsheng 100+ papers
The term structure of credit spreads with jump risk[PDF] from psu.eduC Zhou
- Journal of Banking & Finance, 2001 - Elsevier
Default risk analysis is important for valuing corporate bonds, swaps, and
credit derivatives and
plays a critical role in managing the credit risk of bank loan portfolios.
This paper offers a theory
to explain the observed empirical regularities on default probabilities,
recovery rates, and ...
Cited by 330 - Related articles - All 15 versions
An analysis of default correlations and multiple defaults[PDF] from lingnan.
netC Zhou - Review of Financial Studies, 2001 - Soc Financial Studies
... Chunsheng Zhou University of California, Riverside ... passage-time
model of credit evaluation is
now widely used in the academic literature [Black and Cox (1976), Longstaff
and Schwartsz
(1995), Leland and Toft (1996), Leland (1998), Zhou (2001a), and many others
]. ...
Cited by 208 - Related articles - BL Direct - All 20 versions
[BOOK] A jump-diffusion approach to modeling credit risk and valuing
defaultable securities[PDF] from psu.eduC Zhou… - 1997 - papers.ssrn.com
Page 1. A Jump-Di usion Approach to Modeling Credit Risk and Valuing
Defaultable
Securities Chunsheng Zhou y March 1997 ... ln(X ti) = ln(X ti-1) +xi +yi i
for i = 1; ; n. c) Find
the smallest integer in such that ln(X ti) 0.10 If such an i exists, let
Cited by 293 - Related articles - Library Search - BL Direct - All 10
versions
The illusory nature of momentum profits* 1[PDF] from ntu.edu.tw…, MJ Schill
, C Zhou - Journal of Financial Economics, 2004 - Elsevier
Our paper re-examines the profitability of relative strength or momentum
trading strategies (buying
past strong performers and selling past weak performers). We find that
standard relative strength
strategies require frequent trading in disproportionately high cost
securities such that ...
Cited by 270 - Related articles - All 19 versions
Credit derivatives in banking: Useful tools for managing risk?* 1[PDF] from
psu.edu…, C Zhou - Journal of Monetary Economics, 2001 - Elsevier
We model the effects on banks of the introduction of a market for credit
derivatives; in
particular, credit-default swaps. A bank can use such swaps to temporarily
transfer credit risks
of their loans to others, reducing the likelihood that defaulting loans
trigger the bank's ...
Cited by 181 - Related articles - Library Search - BL Direct - All 30
versions | G****n
发帖数: 145 | 13 chen long 100+ cite papers
Corporate yield spreads and bond liquidity[PDF] from psu.eduL Chen, DA
Lesmond… - The Journal of Finance, 2007 - Wiley Online Library
We find that liquidity is priced in corporate yield spreads. Using a battery
of liquidity measures
covering over 4,000 corporate bonds and spanning both investment grade and
speculative
categories, we find that more illiquid bonds earn higher yield spreads, and
an ...
Cited by 292 - Related articles - BL Direct - All 19 versions
On the relation between the credit spread puzzle and the equity premium
puzzle[PDF] from psu.eduL Chen, P Collin-Dufresne… - … of Financial
Studies, 2009 - Soc Financial Studies
Structural models of default calibrated to historical default rates,
recovery rates, and Sharpe ratios
typically generate Baa–Aaa credit spreads that are significantly below
historical values.
However, this “credit spread puzzle” can be resolved if one accounts for
the fact that ...
Cited by 123 - Related articles - All 27 versions | G****n
发帖数: 145 | | e*********e
发帖数: 243 | 15 CKGSB has a few decent people. Those you listed at other schools are all
noobs. They cannot find top70 US faculty jobs. | G****n
发帖数: 145 | 16 SAIF:
Chang chun was a charied professor at Minnesota
Zhu Ning was a tenured associate Professor at UC Davis
in addition, Yan Hong was a tenured Associate Professor at u South Carolina
Chen Songnan was a tenured Professor at U of Maryland
Tsinghua, Li daokui got a tenured offer at USC
Guanghua, Xu Xingzhong was an Associate Professor at Manchester University | e*********e
发帖数: 243 | 17 Well, I acknowledge it. SAIF has a few serious people too. CKGSB, SAIF,
and maybe CEIBS has some decent people because they offer salaries that
exceeds their US counterparts in nominal terms (300k USD).
Qinghua and Beida? No. Li daokui is a econ guy disguised in a finance
coat, only possible in China where finance phds are extremely scarce. He
was scholar at Harvard Kennedy and Stanford Hoover, and had several papers
in Journal of Comparative Economics, clearly a sign that he
is NOT a finance guy. Manchester University is outside top100. | d**o
发帖数: 5158 | 18 guess most of them are not active now. | D**o
发帖数: 2653 | 19 不愧是stanford finance的，说话就是牛气，希望在job market上也牛一把。
【在 e*********e 的大作中提到】
: CKGSB has a few decent people. Those you listed at other schools are all
: noobs. They cannot find top70 US faculty jobs.
| k***5
发帖数: 856 | 20 张春原来不是大陆的吗 ？为啥搞个台巴子的拼音名字 ？ | | | t*******i
发帖数: 255 | 21 同疑问
张春原来不是大陆的吗 ？为啥搞个台巴子的拼音名字 ？
【在 k***5 的大作中提到】
: 张春原来不是大陆的吗 ？为啥搞个台巴子的拼音名字 ？
| G****n
发帖数: 145 | 22 chang chun came in the US in the early 80s and many people used the old
spelling system. For example, Li Lode, an Operations Professor at CKGSB (at
Yale originally), should be Li Lede according to the pingying system.
It was changed to the new pingying system later. in the 80s, Beijing was
called Peking for a long time | t*******i
发帖数: 255 | 23 Even in the 80s, i think chinese passports issued by the
chinese authorities had already been uniformly using pinyin to spell all han
chinese names.
so i think this is merely his personal choice to stick with the Wade-Giles
system.
chang chun came in the US in the early 80s and many people used the old
spelling system. For example, Li Lode, an Operations Professor at CKGSB (at
Yale originally), should be Li Lede according to the pingying system.
It was changed to the new pingying system later. in the 80s, Beijing was
called Peking for a long time
【在 G****n 的大作中提到】
: chang chun came in the US in the early 80s and many people used the old
: spelling system. For example, Li Lode, an Operations Professor at CKGSB (at
: Yale originally), should be Li Lede according to the pingying system.
: It was changed to the new pingying system later. in the 80s, Beijing was
: called Peking for a long time
| G****n
发帖数: 145 | 24 The switch occured sometime later in the 80s so Professor Chang Chun and Professor
Li Lode must have come earlier. See the following article on http://www.logoi.com/notes/peking-beijing.html
Peking and Beijing - Why and when did Peking change its name to Beijing?
Peking and Beijing
Peking and Beijing - Why and when did Peking change its name to Beijing?
Our readers often ask the questions: Why did Peking change its name to
Beijing? When did this happen? Whose decision was this? And if the city
changed its name, why is Beijing still sometimes referred to as Peking?
The answer to all these puzzling questions is really quite simple. The
Chinese capital did not change its name but Chinese words became spelled in
English differently. In Chinese, the name stayed exactly the same and most
Chinese people are not even aware that some Westerners think that there has
been a name change. The old spelling has been Peking, this is how the city
appeared in most earlier discourse. After the establishment of the People's
Republic of China in 1949, the government adopted the pinyin transliteration
method and used this to write all of the proper names (including place
names, people's names, etc) using the Latin alphabet. Theoretically, this
was when Peking became known in the West as Beijing. In reality, however,
the West has been using the old spelling long after it has been replaced in
China. It is only sometime in the 1980s that China started to enforce its
official name on all flights, sea routes and official documents. This is why
the name Peking is still echoing in our minds and people continue to use it
even today. Needless to say, it is easier to pronounce than Beijing, which
is an important factor too.
Both the old and new spelling are approximations of the Chinese sound,
pronounced something like "pay-cheeng." The same pseudo-change is seen in
the name of Nanking which is now written as Nanjing. Or remember the movie
Chunking Express? Chunking in mainland China (where it is located anyway) is
written as Chongqing -- it is the same thing under different spellings.
A number of names did not change their spelling. Shanghai has always been
Shanghai but this is because both the old and new spelling systems
transcribe it the same way. The change from Peking to Beijing is perhaps the
most dramatic because 1) it is the capital of China and thus one of the
best known Chinese cities, 2) the change is relatively big. Tianjin, one of
the main naval entry ports to China used to be written as Tientsin but since
then the area lost its importance and few people remember its days of glory
. |
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