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

China

  • Cornell University

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    • Tel: 607-255-4627
    • Fax: 607-254-4590

  • Fudan University - Fanhai International School of Finance

SCHOLARLY PAPERS

27

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Top 3,484

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278

CROSSREF CITATIONS

186

Scholarly Papers (27)

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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 2,629 (8,796)
Citation 19

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

2.

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

Downloads 1,291 (26,551)
Citation 88

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
Warren Bailey, George Andrew Karolyi and Carolina Salva
Cornell University, Cornell University - SC Johnson College of Business and University of Neuchatel - Institute of Financial Analysis
Downloads 1,291 (26,097)
Citation 88

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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
Warren Bailey, George Andrew Karolyi and Carolina Salva
Cornell University, Cornell University - SC Johnson College of Business and University of Neuchatel - Institute of Financial Analysis

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

3.

What Makes the VIX Tick?

Downloads 1,074 (26,856)
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 1,074 (34,176)
Citation 2

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

4.

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

Downloads 915 (43,505)
Citation 52

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 915 (42,876)
Citation 52

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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 758 (56,175)
Citation 24

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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 580 (79,273)
Citation 30

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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 558 (83,216)
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: 24 Jan 2022
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 492 (97,110)
Citation 7

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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 322 (157,300)
Citation 2

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

10.

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 313 (162,068)
Citation 6

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

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 312 (162,588)
Citation 73

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Stock market liberalization, international portfolio flows, emerging markets

12.

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

Downloads 309 (164,280)

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 309 (163,229)

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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

13.

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 (AMSS) and Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science (AMSS)
Downloads 283 (180,162)
Citation 7

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

14.

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

Downloads 269 (189,622)
Citation 22

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 189 (264,823)
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 80 (507,841)
Citation 6

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international asset pricing, capital barriers, segmentation, earnings

15.

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 261 (195,491)
Citation 1

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

16.

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 226 (224,967)
Citation 4

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

17.

Does the Threat of Securities Class Actions Add Value for Shareholders? Evidence from China’s Adoption of Securities Class Actions

Number of pages: 1 Posted: 06 Apr 2022 Last Revised: 21 Aug 2023
Warren Bailey, Hui Ma, Rongli Yuan and Hong Zou
Cornell University, Shanghai University of Finance and Economics, Renmin University of China and The University of Hong Kong - Faculty of Business and Economics
Downloads 203 (248,512)

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18.

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 152 (319,592)
Citation 5

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segmented markets, dual class shares, foreign ownership restrictions

19.

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 142 (337,597)
Citation 1

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

20.

The Salience Effect and Market Responses to Earnings News

Number of pages: 48 Posted: 18 Jun 2023
Warren Bailey, Huiwen Lai and Kevin Zhu
Cornell University, Hong Kong Polytechnic University and Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou
Downloads 69 (546,026)

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Salience theory; Earnings announcements; Market reactions; Investor attention; Overreaction; Underreaction

21.

Foreign Investors, Firm Level Productivity, and European Economic Integration

Posted: 19 Apr 2023
Warren Bailey, Yaz Gulnur Muradoglu, Yaz Gulnur Muradoglu, Ceylan Onay and Kate Phylaktis
Cornell University, City University London - The Business SchoolQueen Mary University of London, University of Brighton and City University London - The Business School

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foreign direct investment, FDI, European Union, productivity, employment

22.

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

23.

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

Posted: 07 Apr 2021
Warren Bailey, Jerry Cao, Zhenyi Yang and Sili Zhou
Cornell University, Hang Seng Business School, Sun Yat-sen University and University of Macau - Faculty of Business Administration

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Peer effect, US, China, investment, WTO

24.

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

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

25.

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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26.

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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27.

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

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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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