Clark Liu

Tsinghua University - PBC School of Finance

No. 43, Chengdu Road

Haidian District

Beijing 100083

China

  • Tsinghua University - PBC School of Finance

SCHOLARLY PAPERS

13

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Top 17,528

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58

CROSSREF CITATIONS

15

Scholarly Papers (13)

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1.

Is the Chinese Anti-Corruption Campaign Authentic? Evidence from Corporate Investigations

29th Annual Conference on Financial Economics & Accounting 2018, Finance Down Under 2019 Building on the Best from the Cellars of Finance, Paris December 2018 Finance Meeting EUROFIDAI - AFFI, PBCSF-NIFR Research Paper
Number of pages: 108 Posted: 20 May 2016 Last Revised: 23 Apr 2021
John M. Griffin, Clark Liu and Tao Shu
University of Texas at Austin - Department of Finance, Tsinghua University - PBC School of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,594 (20,093)
Citation 42

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Anti-Corruption Campaign, China, Corrupt Managers, Corrutpion Measures, Corporate Culture

2.

Life is Too Short? Bereaved Managers and Investment Decisions

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC, 27th Annual Conference on Financial Economics and Accounting Paper
Number of pages: 61 Posted: 12 Sep 2015 Last Revised: 25 Feb 2022
Clark Liu, Tao Shu, Johan Sulaeman and P. Eric Yeung
Tsinghua University - PBC School of Finance, The Chinese University of Hong Kong (CUHK) - CUHK Business School, National University of Singapore (NUS) - Department of Finance and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 785 (55,438)
Citation 3

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Life Experience, Bereavement, Investment Decisions, Mutual Fund, Public Firms, Risk Taking, Endogenous Matching

3.

Alternative Data, Shareholder Monitoring, and Dividend Policy

PBCSF-NIFR Research Paper Forthcoming
Number of pages: 57 Posted: 02 Mar 2022 Last Revised: 24 May 2023
Clark Liu, Yancheng Qiu, Tao Shu and Shujing Wang
Tsinghua University - PBC School of Finance, The University of Sydney, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Tongji University
Downloads 367 (141,275)

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Alternative Data; Satellite Imagery Data; Dividend Policy; Agency Theory; Corporate Governance

4.

Demand Curves for Stocks Slope Down in the Long Run: Evidence from the Chinese Split-Share Structure Reform

Critical Finance Review forthcoming, PBCSF-NIFR Research Paper
Number of pages: 53 Posted: 10 Aug 2016 Last Revised: 24 Feb 2021
Clark Liu and Baolian Wang
Tsinghua University - PBC School of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 315 (166,065)
Citation 2

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Long-Term Demand Curve; Divergence of Opinion; Split-Share Structure Reform; A/B Share; Lack of Substitutes

5.

Trading Imbalances and the Relative Prices of Stock Pairs

Number of pages: 26 Posted: 18 Mar 2011
Mark S. Seasholes and Clark Liu
Arizona State University (ASU) and Tsinghua University - PBC School of Finance
Downloads 315 (166,065)

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Liquidity, Dual-Class Stocks

6.

Demand Shock, Speculative Beta, and Asset Prices: Evidence from the Shanghai-Hong Kong Stock Connect Program

PBCSF-NIFR Research Paper
Number of pages: 69 Posted: 01 Feb 2016 Last Revised: 27 Feb 2021
Clark Liu, Shujing Wang and K.C. John Wei
Tsinghua University - PBC School of Finance, Tongji University and Hong Kong Polytechnic University
Downloads 184 (279,634)
Citation 11

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Demand shock; Speculative beta; Heterogeneous beliefs; Short-sale constraints; Market liberalization

7.

Trading Imbalances, Liquidity, and the Law of One Price

Number of pages: 29 Posted: 19 Mar 2010
Mark S. Seasholes and Clark Liu
Arizona State University (ASU) and Tsinghua University - PBC School of Finance
Downloads 141 (349,854)
Citation 1

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Law of One Price, Cross-Listings, Order Imbalances

8.

Information Production, Volume, and Return Dynamics

Number of pages: 48 Posted: 02 Dec 2015 Last Revised: 11 Jan 2016
Clark Liu, Lei Mao and Mark S. Seasholes
Tsinghua University - PBC School of Finance, The Chinese University of Hong Kong, Shenzhen and Arizona State University (ASU)
Downloads 135 (361,816)
Citation 1

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information content of volume, high volume return premium, cross-sectional returns

9.

The Demand Effect of Yield-Chasing Retail Investors: Evidence from the Chinese Enterprise Bond Market

Downloads 87 (492,691)
Citation 9

The Demand Effect of Yield-Chasing Retail Investors: Evidence from the Chinese Enterprise Bond Market

First Annual Volatility Institute at NYU Shanghai (VINS) Conference - 2015, PBCSF-NIFR Research Paper
Number of pages: 57 Posted: 14 Jun 2016 Last Revised: 29 Oct 2020
Clark Liu, Shujing Wang, K.C. John Wei and Ninghua Zhong
Tsinghua University - PBC School of Finance, Tongji University, Hong Kong Polytechnic University and Tongji University - School of Economics and Management
Downloads 57 (631,590)
Citation 1

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Enterprise bonds; Yield-chasing; Demand and supply effects; Limits to arbitrage; The law of one price

The Demand Effect of Yield-Chasing Retail Investors: Evidence from the Chinese Enterprise Bond Market

Journal of Empirical Finance, Vol. 50, 2019, First Annual Volatility Institute at NYU Shanghai (VINS) Conference - 2015
Number of pages: 57 Posted: 14 Jun 2016
Clark Liu, Shujing Wang, K.C. John Wei and Ninghua Zhong
Tsinghua University - PBC School of Finance, Tongji University, Hong Kong Polytechnic University and Tongji University - School of Economics and Management
Downloads 30 (817,860)
Citation 11

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Enterprise bonds; Yield-chasing; Demand and supply effects; Limits to arbitrage; The law of one price

10.

Factors and Anomalies in the Vietnamese Stock Market

PBCSF-NIFR Research Paper Forthcoming
Number of pages: 68 Posted: 01 Sep 2023
Xiangqian (Sharon) Huang, Clark Liu and Tao Shu
The Chinese University of Hong Kong, Shenzhen - School of Management and Economics, Tsinghua University - PBC School of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 71 (554,755)

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Vietnamese four-factor model, the VN-4 model, Vietnamese stock market, factors, anomalies, turnove

11.

Investment, Idiosyncratic Risk, and Growth Options

Journal of Empirical Finance, Forthcoming
Number of pages: 51 Posted: 24 Feb 2021
Clark Liu and Shujing Wang
Tsinghua University - PBC School of Finance and Tongji University
Downloads 51 (652,741)

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Investment; Idiosyncratic Risk; Growth Options; Agency Problem; Managerial Risk Aversion

12.

Big Data Availability and Asymmetric Voluntary Disclosures

PBCSF-NIFR Research Paper Forthcoming
Posted: 12 Aug 2022 Last Revised: 30 Mar 2023
Clark Liu, Yancheng Qiu, Shujing Wang and P. Eric Yeung
Tsinghua University - PBC School of Finance, The University of Sydney, Tongji University and Cornell University - Samuel Curtis Johnson Graduate School of Management

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satellite data, big data availability, voluntary disclosure, management forecasts, earnings targets

13.

Dual-Listed Shares and Trading

Posted: 15 Mar 2012
Clark Liu and Mark S. Seasholes
Tsinghua University - PBC School of Finance and Arizona State University (ASU)

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Dual-Listed Shares, Trading Imbalances, Cost of a Short-Sale Ban