Warren Bailey

Cornell University

Professor of Finance

S. C. Johnson Graduate School of Management

387 Sage Hall

Ithaca, NY 14853-6201

United States

http://courses.cit.cornell.edu/wbb1/

Fudan University - Fanhai International School of Finance and China Institute of Economics and Finance

China

SCHOLARLY PAPERS

24

DOWNLOADS
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Top 5,184

in Total Papers Downloads

10,042

SSRN CITATIONS
Rank 3,437

SSRN RANKINGS

Top 3,437

in Total Papers Citations

207

CROSSREF CITATIONS

189

Scholarly Papers (24)

1.

Behavioral Biases of Mutual Fund Investors

Journal of Financial Economics (JFE), Forthcoming, AFA 2009 San Francisco Meetings Paper
Number of pages: 69 Posted: 20 Mar 2008 Last Revised: 19 Jul 2010
Warren Bailey, Alok Kumar and David T. Ng
Cornell University, University of Miami - Miami Herbert Business School and Johnson College of Business
Downloads 2,393 (7,081)
Citation 19

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Individual investors, behavioral biases, disposition effect, narrow framing, mutual fund investments

The Economic Consequences of Increased Disclosure: Evidence from International Cross-Listings

Dice Center Working Paper No. 2002-4; AFA 2003 Washington, DC Meetings
Number of pages: 66 Posted: 27 Mar 2002
Cornell University, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Neuchatel
Downloads 1,265 (19,209)
Citation 70

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International cross-listing, earnings announcements, trading volume, volatility

The Economic Consequences of Increased Disclosure: Evidence from International Cross-Listings

Journal of Financial Economics, Forthcoming
Posted: 13 Sep 2005
Cornell University, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Neuchatel

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International cross-listing, earnings announcements, trading volume, volatility

3.
Downloads 1,186 ( 21,553)
Citation 2

What Makes the VIX Tick?

Number of pages: 61 Posted: 09 Sep 2012 Last Revised: 27 Feb 2014
Warren Bailey, Lin Zheng and Yinggang Zhou
Cornell University, City University of New York, CUNY City College of New York - Department of Economics and Business and Xiamen University - Department of Finance
Downloads 1,002 (27,145)
Citation 2

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VIX, implied volatility, volatility risk premium, macroeconomic news, policy uncertainty

What Makes the VIX Tick?

HKIMR Working Paper No.22/2012
Number of pages: 61 Posted: 03 Nov 2012 Last Revised: 27 Feb 2014
Warren Bailey, Lin Zheng and Yinggang Zhou
Cornell University, City University of New York, CUNY City College of New York - Department of Economics and Business and Xiamen University - Department of Finance
Downloads 184 (200,647)

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VIX, implied volatility, volatility risk premium, macroeconomic news, policy uncertainty

Regulation Fair Disclosure and Earnings Information: Market, Analyst, and Corporate Responses

Number of pages: 50 Posted: 01 Apr 2003
Warren Bailey, Haitao Li, Connie X. Mao and Rui Zhong
Cornell University, University of Michigan - Stephen M. Ross School of Business, Temple University - Fox School of Business and Management and Cheung Kong Graduate School of Business and University of Texas at Arlington
Downloads 885 (32,364)
Citation 52

Abstract:

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Regulation Fair Disclosure, Reg FD, earnings announcements, market reaction, event study

Regulation Fair Disclosure and Earnings Information: Market, Analyst, and Corporate Responses

Posted: 01 Apr 2003
Warren Bailey, Haitao Li, Connie X. Mao and Rui Zhong
Cornell University, University of Michigan - Stephen M. Ross School of Business, Temple University - Fox School of Business and Management and Cheung Kong Graduate School of Business and University of Texas at Arlington

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Regulation Fair Disclosure, Reg FD, earnings announcements, market reaction, event study

5.

Foreign Investments of U'S' Individual Investors: Causes and Consequences

AFA 2007 Chicago Meetings Paper
Number of pages: 33 Posted: 03 Jan 2005
Warren Bailey, Alok Kumar and David T. Ng
Cornell University, University of Miami - Miami Herbert Business School and Johnson College of Business
Downloads 721 (43,484)
Citation 23

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Individual investors, diversification, home bias, local bias, over-confidence

6.

Bank Loans with Chinese Characteristics: Some Evidence on Inside Debt in a State-Controlled Banking System

Journal of Financial and Quantitative Analysis (JFQA), Vol 46, No. 6, 2011
Number of pages: 64 Posted: 19 Sep 2008 Last Revised: 01 Sep 2012
Warren Bailey, Wei Huang and Zhishu Yang
Cornell University, University of Hawaii at Manoa - Shidler College of Business and Tsinghua University - School of Economics & Management
Downloads 552 (61,486)
Citation 9

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bank loans, state ownership, China

7.

Regulation Fd and Market Behavior Around Earnings Announcements: Is the Cure Worse than the Disease?

Number of pages: 30 Posted: 28 May 2002
Warren Bailey, Haitao Li, Connie X. Mao and Rui Zhong
Cornell University, University of Michigan - Stephen M. Ross School of Business, Temple University - Fox School of Business and Management and Cheung Kong Graduate School of Business and University of Texas at Arlington
Downloads 543 (62,742)
Citation 5

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Regulation FD, Fair Disclosure, earnings announcements, market reaction, event study

8.

Why is Stock Market Concentration Bad for the Economy?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 60 Posted: 22 Aug 2020 Last Revised: 04 Jan 2021
Kee-Hong Bae, Warren Bailey and Jisok Kang
York University - Schulich School of Business, Cornell University and John Carroll University - Department of Economics & Finance
Downloads 331 (112,429)
Citation 1

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Stock Market Concentration, Capital Allocation, IPO, Innovation, Economic Growth

9.

The Latin Monetary Union: Some Evidence on Europe's Failed Common Currency

Review of Development Finance, Vol. 1, pp. 131-149, 2011
Number of pages: 53 Posted: 05 Aug 2003 Last Revised: 25 May 2011
Kee-Hong Bae and Warren Bailey
York University - Schulich School of Business and Cornell University
Downloads 303 (123,570)
Citation 2

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Currency union, European Monetary Union, EMU, Latin Monetary Union

How Important Was Silver? Some Evidence on Exchange Rate Fluctuations and Stock Returns in Colonial-Era Asia

Cornell University Johnson Graduate School of Management Working Paper
Number of pages: 42 Posted: 16 Mar 2002
Warren Bailey and Kirida Bhaopichitr
Cornell University and The World Bank Office in Bangkok
Downloads 292 (127,804)

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Exchange rates, exchange rate exposures, equity market risk premiums

How Important Was Silver? Some Evidence on Exchange Rate Fluctuations and Stock Returns in Colonial-Era Asia

Posted: 28 Apr 2002
Warren Bailey and Kirida Bhaopichitr
Cornell University and The World Bank Office in Bangkok

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Exchange rates, exchange rate exposures, equity market risk premiums

11.

Stock Market Liberalization and the Information Environment

Number of pages: 51 Posted: 17 May 2004
Kee-Hong Bae, Warren Bailey and Connie X. Mao
York University - Schulich School of Business, Cornell University and Temple University - Fox School of Business and Management
Downloads 287 (130,845)
Citation 73

Abstract:

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Stock market liberalization, international portfolio flows, emerging markets

Investment Restrictions and the Cross-Border Flow of Information: Some Empirical Evidence

Number of pages: 38 Posted: 18 Apr 2001
Warren Bailey, Connie X. Mao and Kulpatra Sirodom
Cornell University, Temple University - Fox School of Business and Management and Thammasat University
Downloads 171 (214,018)
Citation 5

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international asset pricing, capital barriers, segmentation, earnings

Investment Restrictions and the Cross-Border Flow of Information: Some Empirical Evidence

Journal of International Money and Finance, Forthcoming
Number of pages: 38 Posted: 04 May 2005
Warren Bailey, Connie X. Mao and Kulpatra Sirodom
Cornell University, Temple University - Fox School of Business and Management and Thammasat University
Downloads 69 (405,938)
Citation 1

Abstract:

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international asset pricing, capital barriers, segmentation, earnings

13.

Incorporation in Offshore Financial Centers: Naughty or Nice?

Number of pages: 55 Posted: 21 Nov 2013 Last Revised: 12 Nov 2020
Warren Bailey and Edith X. Liu
Cornell University and Board of Governors of the Federal Reserve System
Downloads 227 (165,346)
Citation 6

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Offshore financial center, law and finance, corporate governance, regulatory arbitrage

14.

The Aftermath of Corporate Default with Chinese Characteristics

Number of pages: 43 Posted: 19 Apr 2017 Last Revised: 12 Nov 2020
Jing Ai, Warren Bailey, Haoyu Gao, Xiaoguang Yang and Lin Zhao
University of Hawaii at Manoa - Shidler College of Business, Cornell University, Renmin University of China, Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science and Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science
Downloads 202 (184,547)
Citation 5

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bank loans, corporate default, default resolution, China, state-owned enterprises, government controlled banks

15.

Banks, Bears, and the Financial Crisis

Bailey, W., Zheng, L. Banks, Bears, and the Financial Crisis. J Financ Serv Res 44, 1–51 (2013). https://doi.org/10.1007/s10693-012-0148-9
Number of pages: 66 Posted: 21 Oct 2010 Last Revised: 30 Jun 2020
Warren Bailey and Lin Zheng
Cornell University and City University of New York, CUNY City College of New York - Department of Economics and Business
Downloads 187 (197,868)
Citation 4

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Short Selling, Banks, Financial Crisis, speculation, predatory trading

16.

Familiarity, Convenience, and Commodity Money: Spanish and Mexican Silver Dollars in Qing and Republican China

Number of pages: 37 Posted: 28 Jun 2009
Warren Bailey and Bin Zhao
Cornell University and Thammasat Business School
Downloads 183 (201,659)
Citation 1

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China, silver, silver dollar, Spanish piece of eight, international trade

17.

Locals, Foreigners, and Multi-Market Trading of Equities: Some Intraday Evidence

Johnson School Research Paper Series No. 28-06
Number of pages: 41 Posted: 15 Nov 2005
Warren Bailey, Connie X. Mao and Kulpatra Sirodom
Cornell University, Temple University - Fox School of Business and Management and Thammasat University
Downloads 137 (256,748)
Citation 5

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segmented markets, dual class shares, foreign ownership restrictions

18.

On the Expected Earnings Hypothesis Explanation of the Aggregate Returns-Earnings Association Puzzle

Forthcoming Journal of Financial and Quantitative Analysis
Number of pages: 52 Posted: 03 Jan 2019 Last Revised: 16 Aug 2019
Warren Bailey and Huiwen Lai
Cornell University and Hong Kong Polytechnic University
Downloads 108 (305,289)
Citation 1

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aggregate returns-earnings association, return news hypothesis, expected earnings hypothesis, earnings predictability, macroeconomic forecasting

19.

Investing like Conglomerates? When Local Governments Diversify Beyond Public Services

Posted: 10 Jun 2021 Last Revised: 06 Jul 2021
Warren Bailey, Jianchao Fan, Jing Liu and Yinggang Zhou
Cornell University, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), HSBC Ltd. and Xiamen University - Department of Finance

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local government financing vehicle, diversified investment, government debt, conglomerate

20.

Who Leads and Who Follows? The Cross-Border Peer Effect in Investment by Chinese and US Firms

Posted: 07 Apr 2021
Warren Bailey, Xiaping Cao, Zhenyi Yang and Sili Zhou
Cornell University, SUN YAT-SEN UNIVERSITY, Sun Yat-sen University and Fudan University - Fanhai International School of Finance (FISF)

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Peer effect, US, China, investment, WTO

21.

Foreign Investments of U.S. Individual Investors: Causes and Consequences

Management Science, Forthcoming
Posted: 07 Sep 2007
Warren Bailey, Alok Kumar and David T. Ng
Cornell University, University of Miami - Miami Herbert Business School and Johnson College of Business

Abstract:

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Individual investors, diversification, home bias, local bias, over-confidence

22.

Investment Restrictions and the Pricing of Korean Convertible Eurobonds

Posted: 20 Dec 1998
Warren Bailey, Y. Peter Chung and Jun-Koo Kang
Cornell University, University of California at Riverside and Nanyang Business School, Nanyang Technological University

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23.

Foreign Ownership Restrictions and Equity Price Premiums: Some Evidence on Demand, Sentiment, and Information

UC Riverside Working Paper No. 98-02
Posted: 26 Jun 1998
Warren Bailey, Y. Peter Chung and Jun-Koo Kang
Cornell University, University of California at Riverside and Nanyang Business School, Nanyang Technological University

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Exchange Rate Fluctuations, Political Risk, and Stock Returns: Some Evidence from an Emerging Market

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, Volume 30 No. 4, December 1995
Posted: 04 Oct 1995
Warren Bailey and Y. Peter Chung
Cornell University and University of California at Riverside

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Exchange Rate Fluctuations, Political Risk, and Stock Returns: Some Evidence from an Emerging Market

Posted: 10 Oct 1994
Warren Bailey and Y. Peter Chung
Cornell University and University of California at Riverside

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