Baixiao Liu

Peking University HSBC Business School

Associate Professor of Finance

SCHOLARLY PAPERS

17

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7,197

SSRN CITATIONS
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Top 16,322

in Total Papers Citations

61

CROSSREF CITATIONS

7

Scholarly Papers (17)

The Role of the Media in Corporate Governance: Do the Media Influence Managers’ Capital Allocation Decisions?

Number of pages: 52 Posted: 14 Feb 2012 Last Revised: 16 Apr 2013
Baixiao Liu and John J. McConnell
Peking University HSBC Business School and Purdue University
Downloads 1,076 (26,138)
Citation 28

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Acquisition, Abandon, Capital allocation, Corporate governance, Media attention, Media tone, Reputational capital

The Role of the Media in Corporate Governance: Do the Media Influence Managers’ Decisions to Abandon Acquisition Attempts?

AFA 2013 San Diego Meetings Paper
Number of pages: 61 Posted: 18 Mar 2012 Last Revised: 06 Dec 2012
Baixiao Liu and John J. McConnell
Peking University HSBC Business School and Purdue University
Downloads 440 (85,441)
Citation 1

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Acquisition, Abandon, Capital allocation, Corporate governance, Media attention, Media tone, Reputational capital

2.

The Emergence of 'Social Executives' and Its Consequences for Financial Markets

Number of pages: 45 Posted: 31 Aug 2013 Last Revised: 20 Jan 2022
HKU Business School, The University of Hong Kong, Nanyang Business School, Nanyang Technological University and Peking University HSBC Business School
Downloads 1,299 (20,103)
Citation 8

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Social executives, Social Media, Investors, Stock Markets

3.

Short Squeezes

Number of pages: 30 Posted: 15 Mar 2012 Last Revised: 07 Oct 2021
Baixiao Liu, Andrew Schrowang and Wei Xu
Peking University HSBC Business School, Florida State University - Department of Finance and Peking University - HSBC School of Business
Downloads 1,056 (27,269)

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Short Squeeze, Price Reversal, Limits to Arbitrage

4.
Downloads 851 ( 36,975)
Citation 2

'Consistent' Earnings Surprises

Number of pages: 52 Posted: 15 Mar 2010 Last Revised: 09 Sep 2014
Byoung-Hyoun Hwang, Baixiao Liu and Dong Lou
Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and London School of Economics & Political Science (LSE)
Downloads 658 (51,624)
Citation 2

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Stock recommendations, Biased earnings forecasts, Career concerns

'Consistent' Earnings Surprises

Number of pages: 52 Posted: 16 Mar 2011 Last Revised: 09 Sep 2014
Byoung-Hyoun Hwang, Baixiao Liu and Dong Lou
Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and London School of Economics & Political Science (LSE)
Downloads 193 (203,255)
Citation 1

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Stock recommendations, Biased earnings forecasts, Career concerns

5.

Short Sellers' Trading on Anomalies

Number of pages: 46 Posted: 30 Aug 2012 Last Revised: 18 Dec 2014
Byoung-Hyoun Hwang and Baixiao Liu
Nanyang Business School, Nanyang Technological University and Peking University HSBC Business School
Downloads 844 (37,398)

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Arbitrageurs, Short Sellers, Incentive Effects of Contracts, Market Efficiency

6.

Media Partisanship and Fundamental Corporate Decisions

Journal of Financial and Quantitative Analysis, forthcoming
Number of pages: 44 Posted: 21 Jun 2018 Last Revised: 22 Oct 2021
Florida State University College of Business, Peking University HSBC Business School and Purdue University
Downloads 379 (102,457)
Citation 1

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Media Slant, Partisanship, Corporate Decision-making

7.

Arbitrage Involvement and Security Prices

Management Science, Forthcoming
Number of pages: 45 Posted: 25 Feb 2013 Last Revised: 03 Aug 2017
Byoung-Hyoun Hwang, Baixiao Liu, Wei Xu and Wei Xu
Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and Purdue UniversityHSBC School of Business, Peking University
Downloads 225 (176,424)
Citation 3

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Hedge Funds, Short-Selling, Market Efficiency

8.

The Disciplinary Role of Failed Takeover Attempts

Number of pages: 48 Posted: 06 Feb 2012 Last Revised: 28 Jul 2015
Baixiao Liu
Peking University HSBC Business School
Downloads 180 (216,280)
Citation 2

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Failed takeover attempt, CEO turnover, Corporate restructuring, Active investor

9.

The Power of the Pen Reconsidered: The Media, CEO Human Capital, and Corporate Governance

Number of pages: 53 Posted: 05 Mar 2014 Last Revised: 26 Jul 2016
Baixiao Liu, John J. McConnell and Wei Xu
Peking University HSBC Business School, Purdue University and Peking University - HSBC School of Business
Downloads 163 (235,230)
Citation 3

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Media; Human Capital; CEO Retirement; Outside Directorships

10.

When Is Good News Bad and Vice Versa? The Fortune Rankings of America's Most Admired Companies

Number of pages: 58 Posted: 24 Jul 2015 Last Revised: 28 Jan 2017
Florida State University - College of Business, Peking University HSBC Business School, Purdue University and Florida State University - Department of Finance
Downloads 139 (267,966)

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Corporate Media Ranking; Corporate Value; CEO Compensation; CEO Turnover; Acquisitions

11.

Ease-of-processing Heuristics and Asset Prices: Evidence from the Exchange-traded Repo Market in China

Number of pages: 62 Posted: 01 Mar 2019 Last Revised: 27 Apr 2021
China Life Asset Management Company Ltd., Florida State University, College of Business, Department of Finance, Peking University HSBC Business School, Purdue University and Southwestern University of Finance and Economics (SWUFE)
Downloads 129 (283,585)

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Cognitive Biases, Asset Prices, Exchange Repo

12.

The ICO Rating Game: Biased Ratings of Crypto Experts in Initial Coin Offerings

Number of pages: 40 Posted: 04 Feb 2021 Last Revised: 06 May 2021
Baixiao Liu, John J. McConnell and Jingfang Wang
Peking University HSBC Business School, Purdue University and Florida State University
Downloads 117 (304,667)

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Initial Coin Offering, Wisdom of Crowds, Crypto Experts, Incentives, Ratings, Optimism

13.

Media Attention and Regulatory Efficiency of Corporate Violations: Evidence from China

Number of pages: 54 Posted: 20 Jan 2020 Last Revised: 10 Nov 2021
Florida State University, College of Business, Department of Finance, Peking University HSBC Business School, Tsinghua University and Sichuan University
Downloads 109 (320,037)

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Media Attention, Regulatory Efficiency, and Corporate Violations

14.

The Influence of Media Slant on Short Sellers

Number of pages: 43 Posted: 08 Jun 2021 Last Revised: 27 Dec 2021
Florida State University College of Business, Peking University HSBC Business School, Purdue University and Florida State University, Department of Finance, Students
Downloads 76 (403,855)

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Media Slant, Short Seller, Investment Decisions

15.

Guilty by Political Association: The Impact of Political Scandals on Connected Firms

Number of pages: 59 Posted: 18 Oct 2021 Last Revised: 21 Dec 2021
Florida State University College of Business, Peking University HSBC Business School, Purdue University and Department of Finance, College of Business, Florida State University
Downloads 59 (457,379)

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Political Scandals, Political Connections, Contributions, Reputation

16.

Do Managers Learn from Short Sellers? Evidence from Corporate Acquisitions

Number of pages: 42 Posted: 08 Dec 2020 Last Revised: 22 Jul 2021
Peking University HSBC Business School, Purdue University and Florida State University - Department of Finance
Downloads 55 (472,510)

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Corporate Acquisition, Short Selling, Regulation SHO, Pilot Program

17.

Activist Investors and Open Market Share Repurchases

Journal of Banking and Finance, Vol. 107, No. October, 2019
Posted: 27 Jul 2017 Last Revised: 05 Sep 2019
Don M. Autore, Nicholas Clarke and Baixiao Liu
Florida State University - College of Business, Middle Tennessee State University - Department of Economics and Finance and Peking University HSBC Business School

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Activist Investors, Open Market Share Repurchases