Liang Ma

University of South Carolina - Darla Moore School of Business

SCHOLARLY PAPERS

12

DOWNLOADS
Rank 13,185

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Top 13,185

in Total Papers Downloads

7,023

SSRN CITATIONS
Rank 8,014

SSRN RANKINGS

Top 8,014

in Total Papers Citations

201

CROSSREF CITATIONS

16

Scholarly Papers (12)

1.

The Factor Multiverse: The Role of Interest Rates in Factor Return Measurement

Number of pages: 71 Posted: 28 Sep 2022 Last Revised: 30 Jan 2024
University of Pennsylvania - The Wharton School, University of South Carolina - Darla Moore School of Business and AQR Arbitrage, LLC
Downloads 1,511 (23,899)

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anomalies, factor zoo, duration, excess returns, interest rates

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 Southern California - Marshall School of Business - Finance and Business Economics Department and University of South Carolina - Darla Moore School of Business
Downloads 1,350 (27,725)
Citation 3

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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 Last Revised: 22 Jun 2023
Belk College of Business, UNC Charlotte, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of South Carolina - Darla Moore School of Business
Downloads 89 (536,237)
Citation 49

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3.

Multifactor Models and Their Consistency with the APT

Review of Asset Pricing Studies (forthcoming)
Number of pages: 51 Posted: 27 May 2016 Last Revised: 31 Dec 2020
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 Business School
Downloads 1,171 (34,672)
Citation 69

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

4.

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 584 (88,541)
Citation 14

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Cash holdings, Innovation, Competition, Winner's Advantage

5.

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

Journal of Money, Credit and Banking (forthcoming)
Number of pages: 67 Posted: 01 Mar 2007 Last Revised: 16 Feb 2021
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 501 (107,077)
Citation 8

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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

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 372 (151,228)

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

7.

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 324 (175,642)
Citation 7

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

8.

What Drives Closed-End Fund Discounts? Evidence from COVID-19

Financial Management, Forthcoming
Number of pages: 49 Posted: 01 Mar 2021 Last Revised: 13 Jan 2024
Liang Ma
University of South Carolina - Darla Moore School of Business
Downloads 313 (182,057)

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Closed-End Funds, COVID-19, Mispricing, Sentiment

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 Southern California - Marshall School of Business - Finance and Business Economics Department and University of South Carolina - Darla Moore School of Business
Downloads 273 (209,893)

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

10.

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

Journal of Financial Reporting, Forthcoming https://doi.org/10.2308/JFR-2019-0019
Number of pages: 57 Posted: 15 Nov 2016 Last Revised: 13 Aug 2020
Liang Ma, Tao Ma and Henry L. Friedman
University of South Carolina - Darla Moore School of Business, Texas Tech University - Area of Accounting and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 257 (222,881)
Citation 1

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

11.

Overconfidence, Macro Information, and Momentum

Number of pages: 51 Posted: 02 Nov 2014 Last Revised: 22 Sep 2022
Liang Ma
University of South Carolina - Darla Moore School of Business
Downloads 171 (325,051)

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

12.

Less is More: Lender Distraction and Workplace Safety

Number of pages: 41 Posted: 23 Feb 2024 Last Revised: 27 Mar 2024
University of California, Irvine - Paul Merage School of Business, University of South Carolina - Darla Moore School of Business and University of California, Irvine
Downloads 107 (470,011)

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Limited Attention; Distraction; Lender Monitoring; Workplace Safety; ESG; Renegotiation Pressure; Employee Workload