Shujing Wang

Tongji University

Associate Professor

1239 Siping Road

Shanghai, 200092

China

  • Tongji University

SCHOLARLY PAPERS

12

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SSRN CITATIONS
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Top 23,994

in Total Papers Citations

40

CROSSREF CITATIONS

7

Scholarly Papers (12)

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1.

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

Downloads 643 (72,178)
Citation 6

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

Financial Management Association (FMA) 2014 conference
Number of pages: 53 Posted: 12 Aug 2014 Last Revised: 05 Mar 2020
FY Eric Lam, Shujing Wang and K.C. John Wei
Independent Researcher, Tongji University and Hong Kong Polytechnic University
Downloads 469 (105,427)
Citation 8

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Profitability premium, Macroeconomic Risks, Expectation errors, Investor sentiment

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

Financial Management Association (FMA) 2014 conference
Number of pages: 53 Posted: 03 Feb 2016 Last Revised: 05 Mar 2020
FY Eric Lam, Shujing Wang and K. C. John Wei
Independent Researcher, Tongji University and Hong Kong University of Science & Technology (HKUST)
Downloads 174 (293,729)
Citation 2

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Profitability premium, Macroeconomic risks, Expectation errors, Investor sentiment

2.

Fundamental Anomalies

Number of pages: 122 Posted: 24 Feb 2021 Last Revised: 10 May 2023
Erica X. N. Li, Guoliang Ma, Shujing Wang and Cindy Yu
Cheung Kong Graduate School of Business, Iowa State University, Tongji University and Iowa State University
Downloads 468 (106,526)

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q-theory, Bayesian MCMC estimation, Anomalies, Investment, Profitability

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 (140,939)

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

4.

Corporate Payout Policy and Credit Risk: Evidence from CDS Markets

Forthcoming at Management Science
Number of pages: 46 Posted: 15 Sep 2017 Last Revised: 28 Sep 2020
Chengzhu Sun, Shujing Wang and Chu Zhang
The Hong Kong Polytechnic University, Tongji University and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 336 (155,076)

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Dividend announcements; Credit default swaps; Industrial firms; Financial firms; Troubled Asset Relief Program

5.

Macroeconomic Risks and Asset Pricing: Evidence from a Dynamic Stochastic General Equilibrium Model

Number of pages: 47 Posted: 08 Jun 2017 Last Revised: 26 Jan 2018
Erica X. N. Li, Haitao Li, Shujing Wang and Cindy Yu
Cheung Kong Graduate School of Business, Cheung Kong Graduate School of Business, Tongji University and Iowa State University
Downloads 267 (197,082)
Citation 2

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DSGE model, Bayesian MCMC estimation, stock returns, neutral technology shock, investment-specific technology shock, monetary policy shock, risk shock

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 (279,779)
Citation 11

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

7.

The Indirect Effects of Trading Restrictions

Number of pages: 47 Posted: 04 Mar 2019 Last Revised: 12 May 2022
Shujing Wang, Hongjun Yan, Ninghua Zhong and Yizhou Tang
Tongji University, DePaul University, Tongji University - School of Economics and Management and Tongji University
Downloads 180 (285,285)

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Margin; Short selling; Informativeness; Quasi-natural experiment; China.

8.

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

Downloads 87 (492,965)
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 (631,935)
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 (818,254)
Citation 11

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

9.

Heterogeneous Beliefs, Investor Holding Horizon and the Neoclassical Q-Theory of Investment

Number of pages: 35 Posted: 13 Aug 2012
Shujing Wang
Tongji University
Downloads 79 (522,410)

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Q-theory of investment, Investment-related asset pricing anomalies, Heterogeneous beliefs, Investor holding horizon

10.

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 (653,079)

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

11.

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

12.

What is the Real Relation between Cash Holdings and Stock Returns?

International Review of Economics and Finance 64 (2019) 513-528
Posted: 16 Mar 2013 Last Revised: 12 May 2022
Tze Chuan 'Chewie' Ang, FY Eric Lam, Tai Ma, Shujing Wang and K.C. John Wei
Deakin University - Department of Finance, Independent Researcher, National Sun Yat-sen University, Tongji University and Hong Kong Polytechnic University

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Cash holdings; Accruals; Profitability; Net operating assets; Limits to arbitrage