Baixiao Liu

Peking University HSBC Business School

Associate Professor of Finance

SCHOLARLY PAPERS

19

DOWNLOADS
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9,649

SSRN CITATIONS
Rank 7,714

SSRN RANKINGS

Top 7,714

in Total Papers Citations

220

CROSSREF CITATIONS

8

Scholarly Papers (19)

1.

Tweeting Away Firm Value: How Investors Evaluate CEOs' Use of Social Media

Number of pages: 47 Posted: 31 Aug 2013 Last Revised: 23 May 2023
HKU Business School, The University of Hong Kong, Nanyang Business School, Nanyang Technological University, Peking University HSBC Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 1,777 (18,659)
Citation 7

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Social Media Usage, Information Environment, Agency Cost, Strategic Leadership, Corporate Governance

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 1,154 (34,924)
Citation 28

Abstract:

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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 505 (105,033)
Citation 2

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

3.

Short Squeezes

Number of pages: 41 Posted: 15 Mar 2012 Last Revised: 14 Nov 2023
Xiamen University - School of Management, Peking University HSBC Business School, Florida State University - Department of Finance and Peking University - HSBC School of Business
Downloads 1,437 (25,786)

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Short Selling; Short Squeeze; Short Sale Constraint; Price Reversals

4.
Downloads 948 (46,903)
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 725 (66,445)
Citation 2

Abstract:

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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 223 (255,240)
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 878 (52,152)

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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
University of South Carolina - Darla Moore School of Business, Peking University HSBC Business School and Purdue University
Downloads 574 (90,603)
Citation 1

Abstract:

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Media Slant, Partisanship, Corporate Decision-making

7.

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

Number of pages: 63 Posted: 18 Oct 2021 Last Revised: 03 Jan 2024
University of South Carolina - Darla Moore School of Business, Peking University HSBC Business School, Purdue University and Department of Finance, College of Business, Florida State University
Downloads 318 (179,416)
Citation 2

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Political Scandal, Political Connection, Reputational Spillover, Reduced Connection Effectiveness, Firm Valuation

The Influence of Media Slant on Short Sellers

Number of pages: 56 Posted: 08 Jun 2021 Last Revised: 30 Nov 2023
University of South Carolina - Darla Moore School of Business, Peking University HSBC Business School, Purdue University and Florida State University
Downloads 222 (256,351)

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Media Slant, Short Seller, Investment Decisions

9.

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 250 (229,476)
Citation 10

Abstract:

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Hedge Funds, Short-Selling, Market Efficiency

10.

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

Number of pages: 41 Posted: 04 Feb 2021 Last Revised: 26 Jul 2023
Baixiao Liu, John J. McConnell and Jingfang Wang
Peking University HSBC Business School, Purdue University and Florida State University
Downloads 245 (234,018)

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

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., Xiamen University - School of Management, Peking University HSBC Business School, Purdue University and Southwestern University of Finance and Economics (SWUFE)
Downloads 213 (268,620)

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Cognitive Biases, Asset Prices, Exchange Repo

12.

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 200 (283,289)
Citation 2

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

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
Xiamen University - School of Management, Peking University HSBC Business School, Sichuan University - Business School and Sichuan University
Downloads 199 (284,664)
Citation 7

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Media Attention, Regulatory Efficiency, and Corporate Violations

14.

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 193 (292,542)
Citation 9

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Media; Human Capital; CEO Retirement; Outside Directorships

15.

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 191 (295,255)
Citation 6

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

16.

Media Sentiment on Foreign Countries and International Asset Allocation

Number of pages: 53 Posted: 09 May 2023 Last Revised: 02 Apr 2024
Baixiao Liu and Linlin Ma
Peking University HSBC Business School and Peking University HSBC Business School
Downloads 136 (397,770)

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Media Sentiment, International Asset Allocation, International Mutual Funds, Fund Flows

17.

The Effect of Short Sale Restrictions on Corporate Managers

Number of pages: 42 Posted: 08 Dec 2020 Last Revised: 08 Nov 2023
Peking University HSBC Business School, Purdue University and Florida State University - Department of Finance
Downloads 117 (440,840)

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Short Sale Restrictions, Short Selling, Regulation SHO, Pilot Program

18.

Culture and Stock Lending

Number of pages: 45 Posted: 23 Jun 2023 Last Revised: 03 Apr 2024
Danling Jiang, Baixiao Liu and Steven Chong Xiao
College of Business, Stony Brook University, Peking University HSBC Business School and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 92 (520,942)

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Culture, Religiosity, Blockholder, Stock Lending, Short-Sale Constraints

19.

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, University of Alabama in Huntsville and Peking University HSBC Business School

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Activist Investors, Open Market Share Repurchases