Selected Publications
The Impacts of Registration Regime Implementation on IPO Pricing Efficiency (with Q. Deng, M. Hussein, et al.), International Review of Financial Analysis 93, 2024.
The Impacts of Regulation Regime Changes on ChiNext IPOs: Effects of 2013 and 2020 Reforms on Initial Return, Fair Value and Overreaction (with Q. Deng, M. Hussein, et al.), International Review of Financial Analysis 89, 2023.
Does Information Disclosed in “Use of Proceeds” from Prospectuses Affect IPO Initial Underpricing? (with W. Tang), Asia-Pacific Journal of Financial Studies 51, 2023, 828-858.
Strategic Behavior of Insiders in Initial Underpricing and Long-run Underperformance (with B. Yang and L. Zhou), Emerging Markets Review 53, 2022.
ChiNext IPOs’ Initial Returns before and after the 2013 Stock Market Reform: What Can We Learn? (with M. Hussein and Q. Deng), Emerging Markets Review 48, 2021.
Executive Compensation Incentives, Risk Level and Corporate Innovation (with B. Zhou, Y. Li, and F. Sun), Emerging Markets Review 47, 2021.
Does Risk Disclosure in Prospectus Matter in ChiNext IPOs’ Initial Underpricing? (with M. Hussein and Q. Deng). Review of Quantitative Finance and Accounting 54, 2020, 957-979.
IPO Pricing Efficiency in China: A ChiNext Board Focus (with Q. Deng). Frontiers of Economics in China 12, 2017, 280-308.
Overreaction in ChiNext IPOs' Initial Returns: How Much and What Caused It (with Q. Deng)? Emerging Markets Review 29, 2016, 82-103.
The Pricing of First Day Opening Price Returns for ChiNext IPOs (with Q. Deng). Review of Quantitative Finance and Accounting 47, 2016, 249-271.
Offline Oversubscription, Issue Size, and Market Momentum: The Driving Forces for ChiNext IPOs’ Initial Underpricing (with Q. Deng). The Chinese Economy 48, 2015, 114-129.
The Initial Return and Its Conditional Return Volatility: Evidence from the Chinese IPO Market (with M. Hussein). Review of Pacific Basin Financial Markets and Policies 17, 2014, 1450022-1-1450022-32.
The Opening Price Performance of Initial Public Offerings in China. The Chinese Economy 47, 2014, 94-109.
The Pricing of Time-Varying Exchange Rate Risk in the Stock Market: A Nonparametric Approach (with P. Chung). Studies in Nonlinear Dynamics & Econometrics 16, 2012, 1-31.
Chinese IPO Market Cycles (with J. Zhou). The Chinese Economy 44, 2011, 55-71.
The High Volume Return Premium: Evidence from the Chinese Stock Market. Review of Quantitative Finance and Accounting 35, 2010, 295-313.
Chinese IPO Activity, Pricing, and Market Cycles (with J. Zhou). Review of Quantitative Finance and Accounting 34, 2010, 483-503.
Rise and Fall of the First Financial Futures Market in China: The Case of Chinese Government Bond Futures (with C. Chen). China & World Economy 17, 2009, 110-124.
Stock Returns, Volatility, and Cointegration among Chinese Stock Markets (with J. Zhou). China & World Economy 13, 2005, 106-122.
Portfolio Returns, Market Volatility, and Seasonality (with C. Chen). Review of Quantitative Finance and Accounting 17, 2001, 27-43.
Stock Returns, Volatility, and Trading Volume: Evidence from Chinese Stock Markets (with C. Chen). International Journal of Business 6, 2001, 67-86.
Time-Varying Expected Stock Returns and Information in Home Prices (with Y. Li). Journal of Real Estate Portfolio Management 6, 2000, 61-74.
Forecasting Sales and Price of Existing Single-Family Homes: A VAR Model with Error Correction. Journal of Real Estate Research 14, 1997, 155-167.
The Predictability of Stock Returns: A Nonparametric Approach (with P. Chung). Econometric Reviews 15, 1996, 299-330. The abstract of the paper was published in the July 1995 issue of Journal of Finance, page 963.
