Wuyang Zhao

McGill University - Desautels Faculty of Management

1001 Sherbrooke St W

Montreal, Quebec h3A 1G5

  • McGill University - Desautels Faculty of Management

SCHOLARLY PAPERS

14

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9,637

TOTAL CITATIONS
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Top 14,506

in Total Papers Citations

89

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
McGill University - Desautels Faculty of Management
Downloads 3,031 (8,666)
Citation 2

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

2.

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 McGill University - Desautels Faculty of Management
Downloads 1,052 (43,912)
Citation 19

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

3.

Short Squeezes After Short-Selling Attacks

Journal of Accounting Research, Forthcoming
Number of pages: 63 Posted: 23 May 2021 Last Revised: 25 Nov 2024
Lorien Stice-Lawrence, Yu Ting Forester Wong and Wuyang Zhao
University of Southern California - Marshall School of Business, City University of Hong Kong (CityU) and McGill University - Desautels Faculty of Management
Downloads 1,041 (44,566)
Citation 1

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

4.

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
City University of Hong Kong (CityU) and McGill University - Desautels Faculty of Management
Downloads 1,015 (46,184)
Citation 6

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

5.

Blockholder Exit Threats in the Presence of Private Benefits of Control

Downloads 743 (70,604)
Citation 12

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 McGill University - Desautels Faculty of Management
Downloads 539 (104,797)
Citation 9

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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 McGill University - Desautels Faculty of Management
Downloads 204 (301,953)
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, Peking University - Guanghua School of Management and McGill University - Desautels Faculty of Management
Downloads 673 (80,111)
Citation 35

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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 McGill University - Desautels Faculty of Management
Downloads 477 (123,052)
Citation 2

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Peer Firms, Analyst Revisions, Market Reactions, Information Transfer

8.

Investors’ Quantitative Disclosure: Target Prices by Short Sellers

HEC Paris Research Paper No ACC-2021-1445
Number of pages: 58 Posted: 06 Dec 2021 Last Revised: 28 Dec 2023
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 McGill University - Desautels Faculty of Management
Downloads 416 (144,714)

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target price; short sellers; short-selling attacks; information quality; price adjustment; processing costs; retail investors

9.

Exposure to Superstar Firms and Financial Distress

Accepted at Review of Accounting Studies
Number of pages: 77 Posted: 19 Jul 2023 Last Revised: 11 Aug 2024
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, Northwestern University and McGill University - Desautels Faculty of Management
Downloads 330 (186,999)

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Superstar Firms, Financial Distress, Bankruptcy, Financial Performance, Innovation, Product Market Exposure

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 - Questrom School of Business, University of Memphis, University of Texas at Austin and McGill University - Desautels Faculty of Management
Downloads 302 (205,597)
Citation 12

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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: 46 Posted: 09 Apr 2021 Last Revised: 12 Aug 2024
Sanjeev Bhojraj, Yong Yu and Wuyang Zhao
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Texas at Austin and McGill University - Desautels Faculty of Management
Downloads 281 (221,602)

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passive ownership, short covering, earnings announcements, price pressure

12.

Analysts’ EPS-decreasing exclusions and target price forecasts

Accepted at Management Science.
Number of pages: 53 Posted: 04 Jan 2021 Last Revised: 30 Nov 2024
Stephannie Larocque, Yong Yu and Wuyang Zhao
University of Notre Dame - Mendoza College of Business, University of Texas at Austin and McGill University - Desautels Faculty of Management
Downloads 234 (266,091)

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

13.

Verifiable Content in Social Media Stock-Analysis Articles: The Long and Short of It

Accepted at Journal of Business Finance & Accounting 
Number of pages: 65 Posted: 23 Sep 2024
Lei Chen, Shuping Chen, Tian Gao and Wuyang Zhao
Southwestern University of Finance and Economics (SWUFE), University of Texas at Austin - McCombs School of Business, Southwestern University of Finance and Economics (SWUFE) and McGill University - Desautels Faculty of Management
Downloads 42 (839,188)

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SeekingAlpha, social media, asymmetry, credibility, verifiable content, SEC filings, hyperlinks, trading volume, abnormal returns, return reversal, misleading information JEL Code: G11

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 McGill University - Desautels Faculty of Management

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analyst, coverage initiation, measurement error, research implications