CCFin publications and working papers

2023

Chhaochharia, V., Kumar, A., Motahari, M. and Rantala, V. (2023) “Star firms, information externalities, and predictability.” Social Science Research Network Working Paper (available online via the SSRN)

Chen, S. and Xu, H. (2020) “Industry dynamics and capital structure (non)commitment.” Social Science Research Network Working Paper (available online via the SSRN)

Dybvig, P. and Hou, X. (2023) “Gambling for redemption or ripoff, and the impact of superpriority.” Social Science Research Network Working Paper (available online via the SSRN)

Gallo, E., Lee, J., Riyanto, Y.E. and Wong, E.C. (2023) “Cooperation and cognition in social networks.” (available online via arXiv)

Guernsey, S. (2023) “Intellectual property rights protection, investment, and firm growth.”

Hou, X. (2023) “Limited liability and investment.” Social Science Research Network Working Paper (available online via the SSRN)

Hwang, S. and Lee, B. (2023) “Labor-management relational capital.” Social Science Research Network Working Paper (available online via the SSRN)

Lambrecht, B.M. and Tse, A.S.L. (2023) “Liquidation, bailout, and bail-in: insolvency resolution mechanisms and bank lending.” Journal of Financial and Quantitative Analysis, 58(1): 175-216 (DOI: 10.1017/S0022109022000813) (also available online via the SSRN)

Ohneberg, E. and Saffi, P. (2023) “Satisfied employees, satisfied investors: how employee well-being impacts mutual fund returns.” Social Science Research Network Working Paper (available online via the SSRN)

Tweedie, D., Cook, A. and Whittington, G. (2023) The UK Accounting Standards Board, 1990-2000: restoring honesty and trust in accounting.. Abingdon: Taylor and Francis.

Zou, Y. (2023) “Why do investment companies abandon sustainability?”

2022

Andrade, S.C., Ekponon, A. and Jeanneret, A. (2022) “Sovereign risk premia and global macroeconomic conditions.” Journal of Financial Economics, 147(1): 172-197 (DOI: 10.1016/j.jfineco.2022.07.003)

Bik, O., Bouwens, J., Knechel, W.R. and Zou, Y. (2022) “Regulatory scrutiny and the evolution of performance measurement, career development, and compensation schemes for audit partners.”

Chu, J., Li, X. and Zou, Y. (2022) “Corporate social responsibility committees: international evidence.”

Guernsey, S., Sepe, S.M. and Serfling, M. (2022) “Blood in the water: the value of antitakeover provisions during market shocks.” Journal of Financial Economics, 143(3): 1070-1096 (DOI: 10.1016/j.jfineco.2021.12.009)

Hirst, S., Karakas, O. and Yu, T. (2022) “Proxy contests and the value of voting rights.”

Meirowitz, A. and Pi, S. (2022) “Voting and trading: the shareholder’s dilemma.” Journal of Financial Economics, 146(3): 1073-1096 (DOI: 10.1016/j.jfineco.2022.05.001)

Pi, S. (2022) “Communication among shareholders before voting.”

Pi, S. (2022) “Why can blockholdings increase cash holdings?” 

Yago, N. (2022) “Monetary transmission under heterogeneous exchange rate exposure.”

Yago, N. (2022) “Disaster risk, flight to safety, and UIP premium.”

Zou, Y. (2022) “Why do investment companies abandon sustainability?”

2021

Bae, K.H., Bailey, W. and Kang, J. (2021) “Why is stock market concentration bad for the economy?” Journal of Financial Economics, 140(2): 436-459 (DOI: 10.1016/j.jfineco.2021.01.002)

Chen, S. and Lambrecht, B.M. (2021) “Do capital structure models square with the dynamics of payout?” Annual Review of Financial Economics,13(1): 271-299 (DOI: 10.1146/annurev-financial-010421-085556)

Chen, S. and Lambrecht, B.M. (2021) “Do capital structure models square with the dynamics of payout?” Annual Review of Financial Economics, 13: 271-299 (DOI: 10.1146/annurev-financial-010421-085556)

Dybvig, P.H. and Hou, X. (2021) “Gambling for redemption or ripoff, and the impact of superpriority.”

Hou, X. (2021) “Direct transfer and guanxi in resolving contractual failure.”

Hou, X. (2021) “Limited liability and scale (JMP).”

Zou, Y. (2021) “Responsible investment motives.”

2018

George, T.J., Hwang, C.-Y. and Li, Y. (2018) “The 52-week high, q theory and the cross-section of stock returns.” Journal of Financial Economics, 128(1): 148-163 (DOI: 10.1016/j.jfineco.2018.01.005)

Hwang, C.-Y. and Li, Y. (2018) “Analysts’ reputational concerns, self-censoring, and the international dispersion effect.” Management Science, 64(5): 1975-2471 (10.1287/mnsc.2016.2642)

2017

Hwang, C.Y. and Li, Y. (2017) “Analysts’ reputational concerns, self-censoring, and the international dispersion effect.” Management Science, 64(5): 1975-2471 (DOI: 10.1287/mnsc.2016.2642)

Lambrecht, B.M. and Myers, S.C. (2017) “The dynamics of investment, payout and debt.” Review of Financial Studies, 30(11): 3759–3800 (DOI: 10.1093/rfs/hhx081) (also available online via the SSRN)

Whittington, G. (2017) Value and profit: an introduction to measurement in financial reporting. Cambridge: Cambridge University Press.

2016

Bali, T.G., Brown, S., Peng, Q. and Tang, Y. (2016) “Is economic uncertainty priced in the cross-section of stock returns?” Social Science Research Network Working Paper (available online via the SSRN)

Bae, K., Bhattacharya, U., Kang, J. and Rhee, S. (2016) “Nominal stock price anchors: a global phenomenon?” Social Science Research Network Working Paper.

Henderson, V., Hobson, D. and Tse, A.S.L. (2016) “Can probability weighting help prospect theory explain the disposition effect?” Social Science Research Network Working Paper (available online via the SSRN)

Peng, Q. (2016) “Noisy rational bubbles.” Social Science Research Network Working Paper (available online via the SSRN)

Peng, Q. (2016) “Financial frictions, entry and growth: a study of China.” Social Science Research Network Working Paper (available online via the SSRN)

2015

Henderson, V., Hobson, D. and Tse, A.S.L. (2015) “Randomised strategies and prospect theory in a dynamic context.” Social Science Research Network Working Paper (available online via the SSRN)

Kang, J. (2015) “Stock market concentration, entrepreneurship, and economic growth.” Social Science Research Network Working Paper.

2013

Kang, J. and Shum, P. (2013) “Leveraged and inverse ETF performance during the financial crisis.” Managerial Finance, 39(5): 476-508 (DOI: 10.1108/03074351311313825)

2009

So, M.K.P. and Tse, A.S.L. (2009) “Dynamic modeling of tail risk: applications to China, Hong Kong and other Asian markets.” Asia-Pacific Financial Markets, 16(3): 183-210 (DOI: 10.1007/s10690-009-9092-6)

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