Liang Ma

University of South Carolina - Darla Moore School of Business

Assistant Professor

1014 Greene Street

Columbia, SC 29208

United States

http://sites.google.com/site/liangmaweb/

SCHOLARLY PAPERS

9

DOWNLOADS
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Top 14,639

in Total Papers Downloads

3,409

SSRN CITATIONS
Rank 23,781

SSRN RANKINGS

Top 23,781

in Total Papers Citations

14

CROSSREF CITATIONS

18

Scholarly Papers (9)

The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies

Journal of Finance, Forthcoming
Number of pages: 62 Posted: 01 Dec 2015 Last Revised: 02 Dec 2019
Belk College of Business, UNC Charlotte, University of California, Irvine - Paul Merage School of Business and University of South Carolina - Darla Moore School of Business
Downloads 947 (24,026)

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Limits to Arbitrage, Anomalies, Short Sale Constraints, Regulation SHO

The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies

NBER Working Paper No. w24144
Number of pages: 61 Posted: 28 Dec 2017
Belk College of Business, UNC Charlotte, University of California, Irvine - Paul Merage School of Business and University of South Carolina - Darla Moore School of Business
Downloads 23 (540,527)
Citation 1

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Multifactor Models and Their Consistency with the APT

Number of pages: 55 Posted: 12 Dec 2016 Last Revised: 28 Dec 2019
BI Norwegian Business School, University of South Carolina - Darla Moore School of Business, Hanken School of Economics - Department of Finance and Statistics and Durham University - Department of Economics and Finance
Downloads 651 (40,505)
Citation 4

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asset pricing; linear multifactor models; APT; equity risk factors; stock market anomalies; cross-section of stock returns; principal components

Multifactor Models and Their Consistency with the APT

Number of pages: 55 Posted: 27 May 2016 Last Revised: 28 Dec 2019
BI Norwegian Business School, University of South Carolina - Darla Moore School of Business, Hanken School of Economics - Department of Finance and Statistics and Durham University - Department of Economics and Finance
Downloads 272 (115,995)
Citation 1

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asset pricing; linear multifactor models; APT; equity risk factors; stock market anomalies; cross-section of stock returns; principal components

3.

Industry Competition, Winner's Advantage, and Cash Holdings

Number of pages: 55 Posted: 11 Aug 2013 Last Revised: 26 Nov 2015
University of South Carolina - Darla Moore School of Business, University of Wisconsin - Madison - Department of Finance, Investment and Banking and University of Oregon - Lundquist College of Business
Downloads 451 (65,688)
Citation 14

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Cash holdings, Innovation, Competition, Winner's Advantage

4.

What Does the Cross-Section Tell About Itself? Explaining Equity Risk Premia with Stock Return Moments

Number of pages: 79 Posted: 01 Mar 2007 Last Revised: 22 Dec 2019
Ilan Cooper, Liang Ma and Paulo F. Maio
BI Norwegian Business School, University of South Carolina - Darla Moore School of Business and Hanken School of Economics - Department of Finance and Statistics
Downloads 368 (83,564)

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asset pricing, stock market anomalies, linear multifactor models, CAPM, cross-section of stock returns, realized return variance, realized return skewness, cross-sectional return moments, ICAPM

5.

First Mover Advantage, Time to Finance, and Cash Holdings

Journal of Corporate Finance, Forthcoming
Number of pages: 66 Posted: 25 May 2017 Last Revised: 30 Jan 2020
University of South Carolina - Darla Moore School of Business, University of Wisconsin - Madison - Department of Finance, Investment and Banking and University of Oregon - Lundquist College of Business
Downloads 198 (159,401)
Citation 3

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cash holding, first-mover advantage, time to finance, financing friction, product market competition, R&D

6.

Costly Arbitrage and the Closed-End Fund Puzzle: Evidence from a Natural Experiment

Number of pages: 39 Posted: 23 Jun 2015 Last Revised: 11 May 2016
Yongqiang Chu and Liang Ma
Belk College of Business, UNC Charlotte and University of South Carolina - Darla Moore School of Business
Downloads 167 (185,493)

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Costly Arbitrage, Mispricing, Closed-End Fund Puzzle, Short Sale Constraints, Regulation SHO

7.

Financial Reporting Quality and Noise in Stock Returns: Evidence from Chinese A-B Twin Shares

Number of pages: 55 Posted: 15 Nov 2016 Last Revised: 27 Aug 2019
Liang Ma, Tao Ma and Henry L. Friedman
University of South Carolina - Darla Moore School of Business, Texas Tech University and University of California, Los Angeles (UCLA) - Accounting Area
Downloads 141 (213,733)

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Financial Reporting Quality, Noise in Stock Returns, Stock Market Efficiency, A-B Twin Shares, Chinese Stock Market

8.

A Model of Momentum and Market States: Theory and Evidence

Number of pages: 55 Posted: 02 Nov 2014 Last Revised: 28 Mar 2019
Liang Ma
University of South Carolina - Darla Moore School of Business
Downloads 106 (264,520)

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momentum, long-run reversals, overconfidence, self-attribution bias, market states

9.

(Presentation Slides) The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies

Number of pages: 28 Posted: 21 Aug 2018
Belk College of Business, UNC Charlotte, University of California, Irvine - Paul Merage School of Business and University of South Carolina - Darla Moore School of Business
Downloads 85 (305,412)

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Limits to Arbitrage, Anomalies, Short Sale Constraints, Regulation SHO

Other Papers (1)

Total Downloads: 1
1.

New Factor Models and the APT

Number of pages: 54 Posted: 01 Oct 2018
BI Norwegian Business School, University of South Carolina - Darla Moore School of Business, Hanken School of Economics - Department of Finance and Statistics and Durham University - Department of Economics and Finance
Downloads 1

Abstract:

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asset pricing; linear multifactor models; APT; equity risk factors; stock market anomalies; cross-section of stock returns; principal components