Wuyang Zhao

University of Texas at Austin - Department of Accounting

Assistant Professor

Austin, TX 78712

United States

  • University of Texas at Austin - Department of Accounting

SCHOLARLY PAPERS

14

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8,452

SSRN CITATIONS
Rank 16,152

SSRN RANKINGS

Top 16,152

in Total Papers Citations

69

CROSSREF CITATIONS

12

Scholarly Papers (14)

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1.

Activist Short-Selling and Corporate Opacity

Number of pages: 52 Posted: 19 Oct 2016 Last Revised: 26 May 2020
Wuyang Zhao
University of Texas at Austin - Department of Accounting
Downloads 2,780 (8,291)
Citation 2

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Activist Short-Selling, Corporate Opacity, Information, Manipulation, Short-Interest, Price Reversals

2.

Post-Apocalyptic: The Real Consequences of Activist Short-Selling

Marshall School of Business Working Paper No. 17-25
Number of pages: 49 Posted: 26 Mar 2017
Yu Ting Forester Wong and Wuyang Zhao
University of Southern California - Leventhal School of Accounting and University of Texas at Austin - Department of Accounting
Downloads 881 (47,317)
Citation 5

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Activism, Short-Selling, Real Effects, Diff-in-Diff, Channel, Investment Efficiency

3.

Stock-based Compensation, Financial Analysts, and Equity Overvaluation

Review of Accounting Studies, Forthcoming
Number of pages: 55 Posted: 21 Aug 2019 Last Revised: 16 Apr 2020
Partha S. Mohanram, Brian J. White and Wuyang Zhao
Rotman School of Management, University of Toronto, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Texas at Austin - Department of Accounting
Downloads 861 (48,830)
Citation 13

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stock-based compensation, financial analysts, overvaluation, non-GAAP, free cash flow, discounted cash flow (DCF)

4.

Cost of Negative Disclosure: Short Squeezes After Short-Selling Attacks

Number of pages: 55 Posted: 23 May 2021 Last Revised: 19 Apr 2023
Lorien Stice-Lawrence, Yu Ting Forester Wong and Wuyang Zhao
University of Southern California - Marshall School of Business, University of Southern California - Leventhal School of Accounting and University of Texas at Austin - Department of Accounting
Downloads 701 (64,500)

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negative information dissemination, short attacks, short squeezes, financial disclosure

5.

Blockholder Exit Threats in the Presence of Private Benefits of Control

Downloads 699 (64,634)
Citation 9

Blockholder Exit Threats in the Presence of Private Benefits of Control

Review of Accounting Studies, Forthcoming, Rotman School of Management Working Paper No. 2572724, HEC Paris Research Paper No. ACC-2016-1180
Number of pages: 50 Posted: 04 Mar 2015 Last Revised: 11 Feb 2023
Ole-Kristian Hope, Han Wu and Wuyang Zhao
University of Toronto - Rotman School of Management, HEC Paris and University of Texas at Austin - Department of Accounting
Downloads 519 (92,907)
Citation 5

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Exit-Threat Theory, Private Benefits of Control, Liquidity, China, Split-Share Structure Reform, Operating Performance, Quasi-Experiment

Blockholder Exit Threats in the Presence of Private Benefits of Control

Review of Accounting Studies, Forthcoming, Rotman School of Management Working Paper No. 2884812, HEC Paris Research Paper No. ACC-2016-1180
Number of pages: 50 Posted: 14 Dec 2016 Last Revised: 14 Apr 2017
Ole-Kristian Hope, Han Wu and Wuyang Zhao
University of Toronto - Rotman School of Management, HEC Paris and University of Texas at Austin - Department of Accounting
Downloads 180 (284,479)
Citation 3

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Exit-Threat Theory, Private Benefits of Control, Liquidity, China, Split-Share Structure Reform, Operating Performance, Quasi-Experiment

6.

Third-Party Consequences of Short-Selling Threats: The Case of Auditor Behavior

Forthcoming, Journal of Accounting and Economics, 2016 Canadian Academic Accounting Association (CAAA) Annual Conference
Number of pages: 49 Posted: 13 Jan 2016 Last Revised: 09 Oct 2016
Ole-Kristian Hope, Danqi Hu and Wuyang Zhao
University of Toronto - Rotman School of Management, Guanghua School of Management, Peking University and University of Texas at Austin - Department of Accounting
Downloads 640 (72,349)
Citation 31

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Short Selling, Audit Fees, Regulation SHO, Bankruptcy Risk, CEO Overconfidence

7.

Market Reactions to the Closest Peer Firm's Analyst Revisions

Forthcoming, Accounting and Business Research
Number of pages: 47 Posted: 23 Jul 2016 Last Revised: 31 Oct 2017
Ole-Kristian Hope and Wuyang Zhao
University of Toronto - Rotman School of Management and University of Texas at Austin - Department of Accounting
Downloads 459 (108,876)
Citation 2

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Peer Firms, Analyst Revisions, Market Reactions, Information Transfer

8.

Pessimistic Target Prices by Short Sellers

HEC Paris Research Paper No ACC-2021-1445
Number of pages: 58 Posted: 06 Dec 2021 Last Revised: 22 Dec 2022
Alexandre Madelaine, Luc Paugam, Hervé Stolowy and Wuyang Zhao
Rotterdam School of Management, Erasmus University, HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and University of Texas at Austin - Department of Accounting
Downloads 327 (159,409)

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target price; short-selling attacks; pessimistic bias; price impact; informativeness; reversals; retail investors

9.

Supply Constraints and Limits to Arbitrage in the ETF Loan Market

Number of pages: 53 Posted: 10 Jun 2021
Sanjeev Bhojraj and Wuyang Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Texas at Austin - Department of Accounting
Downloads 287 (182,835)

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ETF; Lending fee; Create-to-lend; Ownership structure; Lendable shares

10.

Analysts’ Stock Ownership and Stock Recommendations

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 56 Posted: 22 Aug 2018
Jesse Chan, Steve Lin, Yong Yu and Wuyang Zhao
Boston University - Department of Accounting, University of Memphis, University of Texas at Austin and University of Texas at Austin - Department of Accounting
Downloads 262 (200,442)
Citation 10

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Analyst, Stock Ownership, Stock Recommendation, Conflict of Interest, Credibility

11.

In Search of Shares: Passive Ownership, Short Covering, and Price Efficiency

Number of pages: 56 Posted: 09 Apr 2021 Last Revised: 07 Oct 2022
Sanjeev Bhojraj and Wuyang Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Texas at Austin - Department of Accounting
Downloads 219 (239,499)

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short-selling, short covering, passive ownership, earnings announcements, short squeezes

12.

Analysts’ EPS-decreasing exclusions and target price forecasts

Number of pages: 52 Posted: 04 Jan 2021 Last Revised: 09 Nov 2023
Stephannie Larocque, Yong Yu and Wuyang Zhao
University of Notre Dame - Mendoza College of Business, University of Texas at Austin and University of Texas at Austin - Department of Accounting
Downloads 173 (294,808)

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Analysts; EPS-decreasing exclusions; Target prices; Growth; Strategic incentives

13.

Exposure to Superstar Firms and Financial Distress

Number of pages: 60 Posted: 19 Jul 2023 Last Revised: 06 Sep 2023
Stephanie F. Cheng, Dushyantkumar Vyas, Regina Wittenberg Moerman and Wuyang Zhao
Tulane University - A.B. Freeman School of Business, University of Toronto - Rotman School of Management, University of Southern California and University of Texas at Austin - Department of Accounting
Downloads 163 (310,026)

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Superstar Firms, Financial Distress, Bankruptcy, Financial Performance, Innovation, Access to Credit

14.

Identification of Analyst Coverage Initiations

Posted: 09 Jul 2021
Jay Jung, Yong Yu and Wuyang Zhao
City, University of London - Bayes Business School, University of Texas at Austin and University of Texas at Austin - Department of Accounting

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analyst, coverage initiation, measurement error, research implications