F.Y. Eric C. Lam

Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

Assistant Professor

Kowloon Tong, Kowloon

Hong Kong

SCHOLARLY PAPERS

12

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CITATIONS

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Scholarly Papers (12)

The Role of Limits to Arbitrage and the Asset Growth Anomaly

Number of pages: 61 Posted: 17 Mar 2009 Last Revised: 17 Sep 2017
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 302 (83,300)

Abstract:

Asset growth, Capital investment, Cross-section of stock returns, Limits to arbitrage

The Asset Growth Anomaly and the Role of Limits to Arbitrage

Number of pages: 49 Posted: 11 Feb 2009 Last Revised: 17 Sep 2017
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 268 (95,187)

Abstract:

Asset growth, Capital investment, Limits to arbitrage

2.

Ex-Ante Expection Errors and the Asset Growth Effect

AFA 2013 San Diego Meetings Paper
Number of pages: 40 Posted: 20 Jan 2012 Last Revised: 19 Mar 2017
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 487 (34,188)

Abstract:

total asset growth; capital investment; corporate profitability; stock returns

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

Number of pages: 53 Posted: 12 Aug 2014 Last Revised: 14 Mar 2016
F.Y. Eric C. Lam, Shujing Wang and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Shanghai Lixin University of Accounting and Finance and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 282 (90,017)

Abstract:

Profitability premium, Macroeconomic Risks, Expectation errors, Investor sentiment

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

Number of pages: 53 Posted: 03 Feb 2016
F.Y. Eric C. Lam, Shujing Wang and K. C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Shanghai Lixin University of Accounting and Finance and Hong Kong University of Science & Technology (HKUST)
Downloads 3 (563,520)

Abstract:

Profitability premium, Macroeconomic risks, Expectation errors, Investor sentiment

4.

Limits-to-Arbitrage, Investment Frictions, and the Asset Growth Anomaly

Journal of Financial Economics 102 (2011) 127-149
Posted: 10 Apr 2011 Last Revised: 09 Mar 2016
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance

Abstract:

Asset growth, Capital investment, Stock returns, Investment frictions, Limits-to-arbitrage

5.

What is the Real Relation between Cash Holdings and Stock Returns?

26th Australasian Finance and Banking Conference 2013
Number of pages: 39 Posted: 16 Mar 2013 Last Revised: 24 Sep 2016
F.Y. Eric C. Lam, Tai Ma, Shujing Wang and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, National Sun Yat-sen University, Shanghai Lixin University of Accounting and Finance and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 134 (125,446)

Abstract:

Cash holdings; Accruals; Profitability; Net operating assets; Limits to arbitrage

Is the Growth-Value Anomaly Related to the Asset Growth Anomaly?

Number of pages: 42 Posted: 24 Sep 2016 Last Revised: 31 Oct 2016
Hung Wan Kot and F.Y. Eric C. Lam
University of Macau - Department of Finance and Business Economics and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 34 (396,008)

Abstract:

Market-to-book equity ratio, total asset growth, expectation errors, bankruptcy risk, gross profitability, limits to arbitrage

Is the Growth-Value Anomaly Related to the Asset Growth Anomaly?

Number of pages: 42 Posted: 30 Jan 2017
Hung Wan Kot and F.Y. Eric C. Lam
University of Macau - Department of Finance and Business Economics and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1 (583,556)

Abstract:

Market-to-book equity ratio, total asset growth, expectation errors, bankruptcy risk; gross profitability, limits to arbitrage

7.

How Pervasive and Investable is the Asset Growth Anomaly?

Number of pages: 41 Posted: 28 Sep 2017
Hung Wan Kot, F.Y. Eric C. Lam and K.C. John Wei
University of Macau - Department of Finance and Business Economics, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 0 (457,401)

Abstract:

asset growth; corporate investments; stock returns

8.

An Empirical Analysis of Factor Seasonalities

Posted: 31 Jan 2017 Last Revised: 10 Oct 2017
F.Y. Eric C. Lam, Ya LI and Gordon Y. N. Tang
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Hang Seng Management College-Department of Economics and Finance and Hong Kong Baptist University

Abstract:

Asset pricing factors; Return seasonality; January effect; Halloween effect; Same calendar month effect

9.

Understanding the Firm-Productivity Effect in Stock Returns

Asian Finance Association (AsianFA) 2017 Conference
Number of pages: 61 Posted: 20 Jan 2017
Tze Chuan 'Chewie' Ang, F.Y. Eric C. Lam and K.C. John Wei
Deakin University - Department of Finance, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 0 (407,520)

Abstract:

Firm-Level Productivity, Extrapolation, Limits-To-Arbitrage, Distress Risk, Adjustment Cost

10.

Dissecting Arbitrage Costs

Asian Finance Association (AsianFA) 2017 Conference
Number of pages: 65 Posted: 24 Sep 2016 Last Revised: 20 Mar 2017
F.Y. Eric C. Lam, Chishen Wei and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Singapore Management University - Lee Kong Chian School of Business and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 0 (452,082)

Abstract:

Arbitrage costs; arbitrage risk; information uncertainty; transaction costs; mispricing

11.

An Integrated and Comprehensive Investigation of Investment and Profitability Effects: Q-Theory or Mispricing?

Number of pages: 55 Posted: 14 Mar 2016 Last Revised: 25 Jan 2017
F.Y. Eric C. Lam, Wikrom Prombutr and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, California State University, Long Beach and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 0 (259,109)

Abstract:

Investment effect; Profitability effect; q-theory of investment; Investment frictions; Mispricing; Limits to arbitrage

12.

The Q-theory Explanation for the External Financing Effect: New Evidence

Journal of Banking & Finance 49 (2014) 69-81
Posted: 17 Mar 2009 Last Revised: 09 Mar 2016
Yuan Huang, F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance

Abstract:

Cross-section of stock returns, External financing, Total profitability, q-theory of investment, R&D, Total asset growth

Other Papers (1)

Total Downloads: 1    Citations: 0
1.

External Financing, Access to Debt Markets, and Stock Returns

Number of pages: 52 Posted: 15 Jan 2010 Last Revised: 17 Sep 2017
K.C. John Wei and F.Y. Eric C. Lam
Hong Kong University of Science & Technology (HKUST) - Department of Finance and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 0

Abstract: