Qiao Liu

The University of Hong Kong - School of Economics and Finance

Associate Professor of Finance

School of Economics and Finance

Pokfulam

Hong Kong

Hong Kong

Peking University - Guanghua School of Management

Peking University

Beijing, Beijing 100871

China

SCHOLARLY PAPERS

29

DOWNLOADS
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Top 1,906

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CITATIONS
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SSRN RANKINGS

Top 2,760

in Total Papers Citations

203

Scholarly Papers (29)

1.

Corporate Governance and Firm Valuations in China

Number of pages: 35 Posted: 10 Jul 2003
The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - School of Business, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance
Downloads 2,330 (4,142)
Citation 11

Abstract:

Corporate governance, firm valuation, China, the G index

2.

Earnings Management to Tunnel: Evidence from China's Listed Companies

EFMA 2004 Basel Meetings Paper
Number of pages: 46 Posted: 30 Apr 2004
Qiao Liu and Joe Zhou Lu
The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Business
Downloads 1,566 (8,070)
Citation 20

Abstract:

earnings management, tunneling, corporate governance, Chinese listed companies

3.
Downloads 1,555 ( 8,744)
Citation 56

Corporate Governance and Market Valuation in China

William Davidson Institute Working Paper No. 564
Number of pages: 45 Posted: 25 May 2003
The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - School of Business, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance
Downloads 1,555 (8,585)
Citation 56

Abstract:

Corporate governance mechanisms, market valuation, corporate governance index, corporate governance premium

Corporate Governance and Market Valuation in China

Journal of Comparative Economics, Vol. 32, No. 4, pp. 599-825, December 2004
Posted: 27 Jan 2005
The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - School of Business, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance

Abstract:

Corporate governance, market for corporate control, ownership, market valuation

Predicting Stock Market Returns with Aggregate Discretionary Accruals

Journal of Accounting Research, Forthcoming
Number of pages: 52 Posted: 09 Mar 2010
Qiang Kang, Qiao Liu and Rong Qi
Florida International University (FIU) - Department of Finance, The University of Hong Kong - School of Economics and Finance and St. John's University
Downloads 633 (33,304)
Citation 11

Abstract:

Aggregate Discretionary Accruals, Return Predictive Regressions, ICAPM-Motivated Risk Premium Proxies, Managerial Market Timing

Predicting Stock Market Returns with Aggregate Discretionary Accruals

EFA 2006 Zurich Meetings Paper
Number of pages: 53 Posted: 22 Jun 2006
Qiang Kang, Qiao Liu and Rong Qi
Florida International University (FIU) - Department of Finance, The University of Hong Kong - School of Economics and Finance and ING Aeltus Asset Management
Downloads 498 (45,592)
Citation 11

Abstract:

aggregate discretionary accruals, time-varying risk premium, predictive regressions, managerial market timing

5.

The Rise and Fall of Internet Stocks: Should Finanical Analysts be Blamed?

Number of pages: 36 Posted: 12 Mar 2001
Qiao Liu and Frank M. Song
The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance
Downloads 1,058 (15,307)
Citation 8

Abstract:

Internet stocks, bubbles, finanical analysts, forecast bias, conflict of interests

6.

The Value of Corporate Control: Evidence from China's Distressed Firms

Number of pages: 31 Posted: 19 Jun 2002
Chong-En Bai, Qiao Liu and Frank M. Song
The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance
Downloads 976 (17,005)
Citation 7

Abstract:

private benefits of control, tunneling, corporate governance, special treatment, China

7.

Information Production, Cash Flow and Corporate Investment

AFA 2003 Washington, DC Meetings
Number of pages: 48 Posted: 08 Dec 2001
Qiao Liu and Rong Qi
The University of Hong Kong - School of Economics and Finance and ING Aeltus Asset Management
Downloads 726 (27,458)
Citation 3

Abstract:

Information, investment-cash flow sensitivity, financial analyst, Market Microstructure

8.

Growth Opportunities, Knowledge Capital, and Leverage: Evidence from US Biotech Firms

Number of pages: 39 Posted: 27 Dec 2000
Qiao Liu
The University of Hong Kong - School of Economics and Finance
Downloads 598 (34,702)
Citation 1

Abstract:

9.

The Parent Company Puzzle: When is the Whole Worth Less Than One of Its Parts

The Anderson School at UCLA Finance Working Paper #7-00
Number of pages: 41 Posted: 08 Nov 2000
Bradford Cornell and Qiao Liu
California Institute of Technology and The University of Hong Kong - School of Economics and Finance
Downloads 450 (48,352)
Citation 19

Abstract:

10.

Information Production, Analyst Following and Diversification Discount: A Market Microstructure Approach

Number of pages: 46 Posted: 17 Aug 2001
Qiao Liu and Rong Qi
The University of Hong Kong - School of Economics and Finance and ING Aeltus Asset Management
Downloads 441 (52,191)
Citation 3

Abstract:

Information, Financial Analyst, Diversification Discount, Market Microstructure

11.

Credit Rating Changes and CEO Incentives

Number of pages: 41 Posted: 16 Mar 2007
Qiang Kang and Qiao Liu
Florida International University (FIU) - Department of Finance and The University of Hong Kong - School of Economics and Finance
Downloads 391 (55,249)
Citation 2

Abstract:

credit rating changes, CEO incentives, corporate governance

12.

Intellectual Capital and Financing Decisions: Evidence from the U.S. Patent Data

Number of pages: 33 Posted: 12 Mar 2009
Qiao Liu and Kit Pong Wong
The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance
Downloads 378 (55,409)
Citation 2

Abstract:

capital structure, intellectual capital, patent-based metrics, bankruptcy

13.

How Good is Good News? Technology Depth, Book-to-Market Ratios, and Innovative Events

Number of pages: 48 Posted: 27 Dec 2000
Qiao Liu
The University of Hong Kong - School of Economics and Finance
Downloads 339 (71,843)
Citation 10

Abstract:

Innovative events, abnormal returns, long-term anomaly, technology depth, size, book-to-market ratios, expectation errors, and firm-specific fundamentals

14.

The Sarbanes-Oxley Act and Corporate Investment: A Structural Assessment

Journal of Financial Economics, Forthcoming
Number of pages: 37 Posted: 07 Mar 2007 Last Revised: 10 Mar 2010
Qiang Kang, Qiao Liu and Rong Qi
Florida International University (FIU) - Department of Finance, The University of Hong Kong - School of Economics and Finance and St. John's University
Downloads 263 (86,750)
Citation 12

Abstract:

Sarbanes-Oxley Act, investment Euler equation, investment-implied discount rate, corporate governance

15.

Stock Market Information Production and Executive Incentives

Journal of Corporate Finance, Vol. 14, pp. 484-498, 2008
Number of pages: 29 Posted: 21 Mar 2005 Last Revised: 15 Mar 2011
Qiang Kang and Qiao Liu
Florida International University (FIU) - Department of Finance and The University of Hong Kong - School of Economics and Finance
Downloads 255 (96,391)
Citation 8

Abstract:

Market microstructure, Pay-performance sensitivity, Probability of informed trading (PIN), Analysts' earnings forecasts

16.

Institutions, Financial Development, and Corporate Investment: Evidence from an Implied Return on Capital in China

Number of pages: 55 Posted: 27 Feb 2007
Qiao Liu and Alan Siu
The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance
Downloads 243 (96,018)
Citation 5

Abstract:

institutions and financial development, implied return on capital, investment Euler equation model, Chinese economy

17.

Stock Trading, Information Production and Incentive Pay

Number of pages: 40 Posted: 12 Oct 2003
Qiang Kang and Qiao Liu
The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance
Downloads 171 (145,856)

Abstract:

Information, optimal contract, market microstructure, pay-for-performance sensitivity

18.

Making Markets: Reforms to Strengthen Asia's Debt Capital Markets

HKIMR Working Paper No. 13/2004
Number of pages: 55 Posted: 23 Aug 2007
The University of Hong Kong - Faculty of Law, University of Hong Kong - Faculty of Law and The University of Hong Kong - School of Economics and Finance
Downloads 157 (143,675)
Citation 3

Abstract:

19.

Two Accrual Anomalies: A Dichotomy of Accrual-Return Relations

Number of pages: 46 Posted: 16 Feb 2009 Last Revised: 26 Mar 2010
Qiang Kang, Qiao Liu and Rong Qi
Florida International University (FIU) - Department of Finance, The University of Hong Kong - School of Economics and Finance and ING Aeltus Asset Management
Downloads 142 (162,198)

Abstract:

Accrual anomalies, market-wide and firm-specific components of (discretionary) accruals, asset pricing, hedge strategy

20.

Asia's Debt Capital Markets: Appraisal and Agenda for Policy Reform

HKIMR Working Paper No. 19/2003
Number of pages: 37 Posted: 24 Aug 2007
The University of Hong Kong - Faculty of Law, University of Hong Kong - Faculty of Law, The University of Hong Kong - School of Economics and Finance and affiliation not provided to SSRN
Downloads 105 (203,417)
Citation 3

Abstract:

21.

Trade Liberalization and Corporate Financing Decisions

Number of pages: 47 Posted: 15 Mar 2012
Qiao Liu, Hongbin Cai and Miaojie Yu
The University of Hong Kong - School of Economics and Finance, Peking University - Guanghua School of Management and Peking University - China Center for Economic Research (CCER)
Downloads 100 (198,265)
Citation 1

Abstract:

22.

Stakes and Stars: the Effect of Intellectual Human Capital on the Level and Variability of High-Tech Firms' Market Values

NBER Working Paper No. w7201
Number of pages: 48 Posted: 04 Aug 1999 Last Revised: 02 Nov 2012
University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area, The University of Hong Kong - School of Economics and Finance and University of California, Los Angeles (UCLA)
Downloads 85 (240,811)
Citation 9

Abstract:

23.

Information-Based Stock Trading, Executive Incentives, and the Principal-Agent Problem

Management Science, Forthcoming
Number of pages: 36 Posted: 15 Mar 2006 Last Revised: 10 Mar 2010
Qiang Kang and Qiao Liu
Florida International University (FIU) - Department of Finance and The University of Hong Kong - School of Economics and Finance
Downloads 78 (249,594)

Abstract:

Risk-incentive tradeoff, endogenous information-based trading, pay-performance sensitivity, adjusted PIN, calibration

24.

Competition and Corporate Tax Avoidance: Evidence from Chinese Industrial Firms

The Economic Journal, Vol. 119, Issue 537, pp. 764-795, April 2009
Number of pages: 32 Posted: 27 Apr 2009
Hongbin Cai and Qiao Liu
Peking University - Guanghua School of Management and The University of Hong Kong - School of Economics and Finance
Downloads 1 (537,420)
Citation 9
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Abstract:

25.

The Political Economy of Corporate Tax Avoidance

Number of pages: 56 Posted: 01 Jan 2016
Qiao Liu, Wei Luo and Pingui Rao
The University of Hong Kong - School of Economics and Finance, Peking University - Guanghua School of Management and Jinan University
Downloads 0 (150,520)

Abstract:

political turnovers; political cycles; corporate tax avoidance; tax enforcement

26.

Finance in Asia: Institutions, Regulation and Policy

Finance in Asia: Institutions, Regulation and Policy (Routledge, 2013), University of Hong Kong Faculty of Law Research Paper No. 2013/012
Posted: 16 Mar 2013 Last Revised: 07 May 2013
The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - Faculty of Law and University of Hong Kong - Faculty of Law

Abstract:

Asia, finance, financial crisis, regulation, development

27.

Do We Accept Accrual Profits at Our Peril?

Financial Analysts Journal, Vol. 62, No. 4, pp. 62-75, July/August 2006
Posted: 08 Aug 2006
Qiao Liu and Rong Qi
The University of Hong Kong - School of Economics and Finance and ING Aeltus Asset Management

Abstract:

Portfolio Management, Equity Strategies, Equity Investments, Fundamental Analysis and Valuation Models, Financial Statement Analysis, Accounting and Financial Reporting Issues

28.

Does Competition Encourage Unethical Behavior? The Case of Corporate Profit Hiding in China

Posted: 28 Feb 2005
Hongbin Cai, Qiao Liu and Geng Xiao
Peking University - Guanghua School of Management, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - School of Economics and Finance

Abstract:

competition, firm behavior, tax evasion, Chinese economy

29.

The Parent Company Puzzle: When is the Whole Worth Less Than One of the Parts?

Journal of Corporate Finance, Vol. 7, pp. 341-366, December 2001
Posted: 15 Apr 2002
Qiao Liu and Bradford Cornell
The University of Hong Kong - School of Economics and Finance and California Institute of Technology

Abstract:

parent company puzzle, taxes, mispricing

Other Papers (1)

Total Downloads: 97    Citations: 0
1.

Political Connection, Abnormal Investment, and Firm Performance

AAA 2013 Management Accounting Section (MAS) Meeting Paper
Number of pages: 63 Posted: 19 Aug 2012 Last Revised: 05 Jan 2016
Qiao Liu, Wei Luo and Nianhang Xu
The University of Hong Kong - School of Economics and Finance, Peking University - Guanghua School of Management and School of Business, Renmin University of China
Downloads 49

Abstract:

Political motivation, over-investment, corporate governance, firm performance