Publications Since 1998
 
"Stock Market Mispricing: Money Illusion or Resale Option," with P. Lung and A. Wang. Journal of Financial and Quantitative Analysis, 2008 forthcoming.

"Pedigree or Placement? An Analysis of Research Productivity in Finance," with K. Chan and H. Fung. Financial Review, 2008 forthcoming.

"The Relationship between Executives Option-Based Compensation and Risk-Taking in the Property/Liability Insurance Companies: A Simultaneous Equation Approach," with M. Wen. Journal of Insurance Regulation, 2008 forthcoming.

"Hourly Index Return Autocorrelation and Conditional Volatility in an EAR-GJR-GARCH Model with Generalized Error Distribution," with Y. Su and Y. Huang. Journal of Empirical Finance, 2008 (15), pp. 789-798.

"Determinants of Japanese Yen Interest Rate Swap Spreads: Evidence from a Smooth Transition Vector Autoregressive Model," with Y. Huang and M. Camacho.  Journal of Futures Markets, 2008 (28), pp. 82-107.

"Author Affiliation Index, Finance Journal Ranking, and the Pattern of Authorship," with Y. Huang.  Journal of Corporate Finance, 2007 (13), pp. 1008-1026.

"The Effect of Fed Monetary Policy Regimes on the US Interest Rate Swap Spreads," with Y. Huang. Review of Financial Economics, 2007 (16), pp. 375-399.

"The Impact of the Sarbanes-Oxley Act on Firms Going Private," with N. Mohan. Research in Accounting Regulation, 2007 (19), pp. 119-134.

"One-and-a-Half Decades of Global Research Output in Finance:1990-2004," with K. Chan and P. Lung. Review of Quantitative Finance and Accounting, 2007 (28), pp. 417-439.

"Global Ranking of Accounting Programmes and the Elite Effect in Accounting Research," with K. Chan and L. Cheng.  Accounting and Finance, 2007 (47), pp. 187-220.

"Expected P/E, Residual P/E, and Stock Return Reversal: Time-Varying Fundamentals or Investor Overreaction?" with Y. Huang and C. Tsai.  International Journal of Business and Economics, 2007 (6), 11-28.

"A Ranking of Accounting Research Output in the European Region," with K. Chan and L. Cheng. Accounting and Business Research, 2006 (36), pp. 3-18.

"Does Stock Option-Based Executive Compensation Induce Risk-Taking? An Analysis of the Banking Industry,"  with T. Steiner and A. Whyte. Journal of Banking and Finance,2006 (30), pp. 915-946.

"Corporate Value, Managerial Stockholdings and Investments of Japanese Firms," with W. Guo and V. Mande. Journal of International Financial Management & Accounting, 2006 (17), pp.29-51.

"Ranking of Finance Programs in the Asia-Pacific Region: An Update," with K. Chan and P. Lung. Pacific-Basin Finance Journal, 2005 (13), pp.584-600.

"Ranking Research Productivity in Accounting for Asia-Pacific Universities," with K. Chan and L. Cheng. Review of Quantitative Finance and Accounting, 2005 (24), pp. 47-64. 

“Information Flow between the Stock and Option Markets: Where Do Informed Traders Trade?" with P. Lung and N. Tay.  Review of Financial Economics, 2005 (14-1)  pp. 1-23.

"Are IPOs Priced Differently Based upon Gender?" with N. Mohan, Journal of Behavior Finance, 2004, pp. 57-65.

"Who is Publishing? An Analysis of Finance Research Productivity in the European Region," with K. Chan and T. Steiner, Journal of Business Finance and Accounting, April/May 2004, pp. 177-213.

"Managerial Ownership and Tobin’s Q: Japanese Evidence,” with W. Guo and M. Vivek,  Pacific Basin Finance Journal, 2003, pp. 267-284.

"Production in Finance Literature, Institutional Reputation, and Labor Mobility in the Academia: A Global Perspective," with K. Chan and T. Steiner, Financial Management, Winter 2002, pp. 131-156.

"Are All Security Analysts Equal?" with K. Chan and T. Steiner, Journal of Financial Research, 2002, pp. 415-430.

"Underwriter Spread, Underwriter Reputation, and IPO Underpricing: a Simultaneous Equation Analysis," with N. Mohan, Journal of Business Finance and Accounting, 2002, pp. 521-540.

"Research Productivity of the Finance Profession in the Asia-Pacific Region," with K. Chan and T. Steiner, Pacific-Basin Finance Journal, 2001, pp. 265-280.

"Information Content of Lock-Up Provisions in Initial Public Offerings," with N. Mohan, International Review of Economics and Finance, 2001, pp. 41-59.

"Risk Taking Behavior and Managerial Ownership in the United States Life Insurance Industry," with T. Steiner and A. M. Whyte. Applied Financial Economics, 2000, pp. 165-171.

"Tobin's q, Managerial Ownership, and Analyst Coverage: a Non-linear Simultaneous Equation Model," with T. Steiner, Journal of Economics and Business, 2000, pp. 365 - 382.

"An Agency Analysis of Firm Diversification: The Consequences of Discretionary Cash and Managerial Risk Considerations," with T. Steiner, Review of Quantitative Finance and Accounting, May 2000, pp. 247-262.

"Discount Rate Changes, Stock Market Returns, Volatility, and Trading Volume: Evidence from Intraday Data and Implications for Market Efficiency," with N. Mohan and T. Steiner, Journal of Banking and Finance, June 1999, pp. 897-924.

"Managerial Ownership and Agency Conflicts: A Nonlinear Simultaneous Equation Analysis of Managerial Ownership, Risk Taking, Debt Policy, and Dividend Policy," with T. Steiner, Financial Review, February 1999, pp. 119-136.

"Mutual Fund Managers' Efforts and Performance," with J. Ang and J. Lin, Journal of Investing, Winter 1998, pp. 68-75.

"Risk Aversion, Market Segmentation, and the Firm Size Effects: Some Empirical Evidence," with J. Lin, Advances in Investment Analysis and Portfolio Management, 1998.

"Risk-Taking Behavior and Management Ownership in Depository Institutions," with T. Steiner and A. M. Whyte. Journal of Financial Research, Spring 1998, pp. 1-16.

"Optimism Biases Among Brokerage and Non-Brokerage Firms' Equity Recommendations: Agency Costs in the Investment Industry," with W. Carleton and T. Steiner, Financial Management, Spring 1998, pp. 17-30.