Xinlei Shelly Zhao

Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

250 E Street, SW

Washington, DC 20219

United States

SCHOLARLY PAPERS

20

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12,621

CITATIONS
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276

Scholarly Papers (20)

1.

On the Relation between the Market-to-Book Ratio, Growth Opportunity, and Leverage Ratio

AFA 2005 Philadelphia Meetings
Number of pages: 19 Posted: 05 Mar 2004
Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 3,332 (2,984)
Citation 21

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Capital structure, target leverage ratio, pecking order theory, market timing hypothesis, market-to-book ratio, growth opportunity

2.

Profitability, Mean Reversion of Leverage Ratios, and Capital Structure Choices

Number of pages: 47 Posted: 15 Oct 2004
Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 2,396 (5,217)
Citation 41

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Capital structure, tradeoff theory, pecking order theory, profitability

3.

What Drives Stock Price Movement?

Number of pages: 53 Posted: 18 Apr 2008 Last Revised: 24 Mar 2012
Long Chen, Zhi Da and Xinlei Shelly Zhao
Cheung Kong Graduate School of Business, University of Notre Dame - Mendoza College of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 1,760 (8,803)
Citation 64

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Expected return, discount rate news, cash flow news, predictability, analyst forecast

4.
Downloads 1,101 ( 18,481)

Return Decomposition

AFA 2007 Chicago Meetings Paper
Number of pages: 45 Posted: 10 Sep 2005 Last Revised: 25 May 2008
Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 1,101 (18,135)
Citation 101

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Return decomposition, discount rate news, cash flow news, value stock, growth stock

Return Decomposition

Review of Financial Studies, Forthcoming
Posted: 07 Sep 2008
Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

Abstract:

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return decomposition, discount rate, cash flow, value stock, growth stock

Return Decomposition

The Review of Financial Studies, Vol. 22, Issue 12, pp. 5213-5249, 2009
Posted: 24 Nov 2009
Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

Abstract:

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G11, G12

5.

Myopic Extrapolation, Price Momentum, and Price Reversal

Number of pages: 50 Posted: 04 Jul 2009 Last Revised: 10 Nov 2009
Long Chen, Claudia E. Moise and Xinlei Shelly Zhao
Cheung Kong Graduate School of Business, Duke University, The Fuqua School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 764 (31,278)
Citation 1

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Momentum, reversal, analyst forecast, earnings, expected return, realized return

6.

Propensity Score Matching and Abnormal Performance after Seasoned Equity Offerings

AFA 2004 San Diego Meetings, Forthcoming
Number of pages: 43 Posted: 26 Nov 2003
Xianghong Li and Xinlei Shelly Zhao
York University - Department of Economics and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 710 (34,525)
Citation 15

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Seasoned equity offering, long-run performance, propensity score matching

7.

Corporate Boards and the Leverage and Debt Maturity Choices

Number of pages: 36 Posted: 16 Mar 2006
Jarrad Harford, Kai Li and Xinlei Shelly Zhao
University of Washington, University of British Columbia (UBC) - Sauder School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 604 (42,913)
Citation 12

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leverage, debt maturity, board effectiveness, incentive alignment, director power, governance

8.

Do Voting Rights Affect Institutional Investment Decisions? Evidence from Dual-Class Firms

Number of pages: 58 Posted: 08 Dec 2006 Last Revised: 08 Sep 2009
Kai Li, Hernan Ortiz-Molina and Xinlei Shelly Zhao
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 502 (54,356)
Citation 17

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corporate governance, dual-class firms, institutional investors, ownership structure, unification, voting rights

9.

Halloween or January? Yet Another Puzzle

IIIS Discussion Paper Series
Number of pages: 23 Posted: 07 Mar 2006
Brian M. Lucey and Xinlei Shelly Zhao
Trinity Business School, Trinity College Dublin and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 419 (67,910)
Citation 5

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January Effect, Halloween Effect, USA, Market Efficiency, Seasonality

10.

Bank Exposure to Interest Rate Risks During Financial Liberalization: Evidence from South Korea

Asia-Pacific Financial Markets, Forthcoming
Number of pages: 35 Posted: 25 Aug 2006
Raj Aggarwal and Xinlei Shelly Zhao
University of Akron and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 248 (121,643)
Citation 4

Abstract:

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Banking, Financial Liberalization, Interest Rate Risk, Korea

11.

Asymmetric Information and Dividend Policy

Number of pages: 35 Posted: 09 Feb 2007
Kai Li and Xinlei Shelly Zhao
University of British Columbia (UBC) - Sauder School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 232 (130,144)
Citation 26

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asymmetric information, dividend initiation, dividend increase, dividend payout, repurchase, information environment

12.

Dynamic Debt Structure, Market Value of Firm, and Recovery Rate

Number of pages: 54 Posted: 08 Mar 2010 Last Revised: 17 Mar 2010
Min Qi and Xinlei Shelly Zhao
Office of the Comptroller of the Currency - Credit Risk Analysis Division and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 138 (206,567)
Citation 3

Abstract:

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recovery rate, loss given default (LGD), industry conditions, economic conditions, expected loss, credit risk, debt structure

13.

Role Modesl in Finance: Lessons from Life Cycle Productivity of Prolific Scholars

Review of Quantitative Finance and Accounting, Forthcoming
Number of pages: 37 Posted: 25 Aug 2006
Raj Aggarwal, David Schirm and Xinlei Shelly Zhao
University of Akron, John Carroll University - Boler School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 131 (215,419)
Citation 1

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Scholarly Publishing, Finance Careers, Role Models, Lotka's Power Law, Academic Life Cycles

14.

Modeling Loss Given Default

FDIC Center for Financial Research Paper No. 2018-03
Number of pages: 51 Posted: 09 Aug 2018 Last Revised: 22 Aug 2018
Phillip Li, Xiaofei Zhang and Xinlei Shelly Zhao
Federal Deposit Insurance Corporation, Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 75 (312,951)

Abstract:

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loss given default, bi-modal distribution, simulation, predicted distribution, stress testing

15.

Ownership Structure and Performance Among Entrepreneurial Firms: The Growth-Control Trade-Off

Number of pages: 48 Posted: 18 Mar 2015
Zilong Liu, Xiaoling Pu and Xinlei Shelly Zhao
Kent State University, Kent State University - Department of Finance and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 66 (335,609)

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ownership-performance relation, change in ownership structure, propensity score matching, difference-in-difference regression

16.

Borrowing from Suppliers versus Borrowing from Banks

Number of pages: 43 Posted: 18 Mar 2015
Zilong Liu and Xinlei Shelly Zhao
Kent State University and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 61 (349,348)

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trade credit, bank credit, credit rationing, financially constrained, substitution between bank credit and trade credit

17.

What Determines Creditor Recoveries?

Number of pages: 52 Posted: 18 Mar 2011
Xinlei Shelly Zhao
Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 42 (411,590)

Abstract:

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18.

Risks of Long-Term Auto Loans

Number of pages: 43 Posted: 03 Dec 2018
Zhengfeng Guo, Yan Zhang and Xinlei Shelly Zhao
Government of the United States of America - Office of the Comptroller of the Currency (OCC), Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 31 (456,754)

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auto loans; loan terms; long-term auto loans; loan pricing

19.

The Information Content of Insider Call Options Trading

Financial Management, Vol. 34, No. 2, Summer 2005
Number of pages: 20 Posted: 13 Oct 2005
Robert Chen and Xinlei Shelly Zhao
University of Toronto - Rotman School of Management and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 9 (580,548)
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20.

Strategic Defaults Induced by Loan Modifications

Posted: 29 Mar 2015 Last Revised: 31 Jan 2019
Xianghong Li and Xinlei Shelly Zhao
York University - Department of Economics and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

Abstract:

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Loan modification, mortgage modification program, strategic default

Other Papers (2)

Total Downloads: 137
1.

Unobservable Systematic Risk Factor and Default Prediction

Posted: 26 Mar 2010
Min Qi, Zhang Xiaofei and Xinlei Shelly Zhao
Office of the Comptroller of the Currency - Credit Risk Analysis Division, affiliation not provided to SSRN and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 137 (113,744)

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Observable systematic risk factors, unobservable systematic risk factor, default prediction, rank order, predictive accuracy

2.

Correlation in Credit Risk

Number of pages: 46 Posted: 24 Mar 2009
Xinlei Shelly Zhao and Xiaoling Pu
Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division and Kent State University - Department of Finance
Downloads 0

Abstract:

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Correlations, credit risk, credit spread, macroeconomic conditions, industry effect