Chun Chang

Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

Shanghai Jiao Tong University

211 West Huaihai Road

Shanghai, 200030

China

  • Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

SCHOLARLY PAPERS

17

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82

Scholarly Papers (17)

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1.

Does Hedging Aggravate or Alleviate Agency Problems? A Managerial Theory of Risk Management

Number of pages: 36 Posted: 07 Jul 1997
Chun Chang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 1,304 (30,697)
Citation 6

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2.

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure

Downloads 1,251 (32,554)

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure

14th Annual Conference on Financial Economics and Accounting, Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 58 Posted: 27 Jan 2004 Last Revised: 14 May 2014
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 1,251 (32,000)

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capital structure, security design, allocative information, liquidity premium, under-leverage puzzle, corporate cash holdings

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Posted: 08 Aug 2008
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

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capital structure, information acquisition, security design, liquidity premium, under-leverage puzzle, corporate cash holdings

3.

Investment Opportunities, Liquidity Premium, and Conglomerate Mergers

Downloads 1,026 (43,237)
Citation 3

Investment Opportunities, Liquidity Premium, and Conglomerate Mergers

Number of pages: 42 Posted: 02 Jul 1999 Last Revised: 14 May 2014
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 887 (52,128)
Citation 5

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mergers and spinoffs, corporate diversification and focus, security design, allocative information, liquidity

Investment Opportunities, Liquidity Premium and Conglomerate Mergers

Journal of Business, Vol. 77, No. 1, 2004
Number of pages: 54 Posted: 07 Nov 2007
Chun Chang and Xiaoyun Yu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 139 (399,308)

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mergers and spinoffs, corporate diversification and focus, security design, allocative information

4.

Bookbuilding Vs. Fixed Price Revisited: The Effect of Aftermarket Trading

Downloads 991 (45,425)
Citation 21

Bookbuilding Vs. Fixed Price Revisited: The Effect of Aftermarket Trading

EFA 2003 Annual Conference Paper No. 694; AFA 2003 Washington, DC Meetings
Number of pages: 45 Posted: 17 Oct 2002 Last Revised: 20 Jan 2010
Walid Y. Busaba and Chun Chang
University of Western Ontario - Ivey Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 824 (57,742)
Citation 14

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Bookbuilding Vs. Fixed Price Revisited: The Effect of Aftermarket Trading

Journal of Corporate Finance, Forthcoming
Number of pages: 45 Posted: 15 Jan 2010 Last Revised: 07 Sep 2012
Walid Y. Busaba and Chun Chang
University of Western Ontario - Ivey Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 167 (342,673)
Citation 4

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Initial public offerings, Bookbuilding, Fixed price, Price discovery, Aftermarket trading

5.

Information from Relationship Lending: Evidence from Loan Defaults in China

Downloads 675 (75,972)
Citation 14

Information from Relationship Lending: Evidence from Loan Defaults in China

Journal of Money, Credit, and Banking, Forthcoming, European Banking Center Discussion Paper No. 2009-10S, CentER Discussion Paper Series No. 2009-39S
Number of pages: 86 Posted: 15 Mar 2009 Last Revised: 14 May 2014
Chun Chang, Guanmin Liao, Xiaoyun Yu and Zheng Ni
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Renmin University of China - School of Business, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Renmin University of China - Hanqing Advanced Institute of Economics and Finance
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Debt default, internal credit ratings, credit risk, relationship lending, soft information

Information from Relationship Lending: Evidence from Loan Defaults in China

Journal of Money, Credit and Banking (Forthcoming)
Number of pages: 86 Posted: 25 Jun 2013
Chun Chang, Guanmin Liao, Xiaoyun Yu and Zheng Ni
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Renmin University of China - School of Business, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Renmin University of China - Hanqing Advanced Institute of Economics and Finance
Downloads 90 (551,151)
Citation 2

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Debt default, internal credit ratings, credit risk, relationship information, relationship lending, hard and soft information

6.

Pre-Market Trading and IPO Pricing

Review of Financial Studies, Forthcoming
Number of pages: 47 Posted: 05 Mar 2014 Last Revised: 06 May 2016
Chun Chang, Yao-Min Chiang, Yiming Qian and Jay R. Ritter
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), National Taiwan University - Department of Finance, University of Connecticut - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 592 (89,674)
Citation 7

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initial public offering, pre-IPO market, IPO underpricing, agency problem, rent-seeking underwriter, bookbuilding theory, information asymmetry, Taiwan stock exchange

7.

What are the Reliably Important Determinants of Capital Structure in China?

Number of pages: 54 Posted: 30 Jan 2014 Last Revised: 26 Apr 2014
Chun Chang, Xin Chen and Guanmin Liao
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and Renmin University of China - School of Business
Downloads 425 (133,961)
Citation 11

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Capital structure, China, Financial constraints, State ownership, Leverage

8.

Contract Coordination and Uninformative Transfer Price as the Benefit and Cost of Vertical Integration

Number of pages: 45 Posted: 25 Feb 2002
Chun Chang and Sen Li
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 302 (195,059)

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9.

Trends and Cycles in China's Macroeconomy

Downloads 204 (198,438)
Citation 51

Trends and Cycles in China's Macroeconomy

FRB Atlanta Working Paper No. 2015-5
Number of pages: 74 Posted: 02 Jul 2015
Chun Chang, Kaiji Chen, Daniel F. Waggoner and Tao A. Zha
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Emory University - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 163 (349,955)

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reallocation, between-sector effect, total factor productivity growth, heavy versus light sectors, long-term versus short-term loans, labor share, lending frictions, incentive compatibility

Trends and Cycles in China's Macroeconomy

NBER Working Paper No. w21244
Number of pages: 75 Posted: 08 Jun 2015 Last Revised: 20 Jul 2023
Chun Chang, Kaiji Chen, Daniel F. Waggoner and Tao A. Zha
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Emory University - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 41 (821,377)
Citation 18

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10.

Abandonment Options and the Financial Boundaries of the Firm

Number of pages: 39 Posted: 28 Jul 1997
Chun Chang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 247 (238,980)

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11.

On the Popularity of and a Comparison of Convertible Preferred and Participating Preferred Equities in Venture Financing

Number of pages: 26 Posted: 30 Apr 2004
Chun Chang and Huiyan Qiu
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of Hong Kong - Faculty of Business and Economics
Downloads 218 (269,505)
Citation 1

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Venture financing, preferred equity, conversion

12.

Universal Banking, Optimal Financing Structure, and Banking Regulations

Number of pages: 49 Posted: 09 Jan 2021
Chun Chang, Xiaoming Li and Yiyao Wang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), University of International Business and Economics (UIBE) - School of International Trade and Economics (SITE) and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 180 (320,992)

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Universal Banking, Financing Structure, Banking Regulation, Capital Requirement, Agency Friction, Information Asymmetry

13.

Incentive Contracting Versus Ownership Reforms: Evidence from China's Township and Village Enterprises

Journal of Comparative Economics, Vol. 31, No. 3, pp. 387-594, September 2003
Posted: 03 Mar 2004
Chun Chang, Brian P. McCall and Yijiang Wang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management

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14.

New Security Offerings as an Incentive Mechanism

Posted: 10 Oct 1998
Chun Chang and Yijiang Wang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of Minnesota - Twin Cities - Carlson School of Management

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15.

What is the Relationship between Financial Leverage and the Expected Cash Flow?

Posted: 10 Oct 1998
Chun Chang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

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16.

Moral Hazard Under Commercial and Universal Banking

Journal of Money, Credit and Banking, Vol. 30, No. 3, Part 2, August 1998
Posted: 06 Apr 1998
John H. Boyd, Chun Chang and Bruce D. Smith
University of Minnesota - Twin Cities - Carlson School of Management, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of Texas at Austin (Deceased)

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17.

Human Capital Investment Under Asymmetric Information: The Pigovian Conjecture Revisited

JOURNAL OF LABOR ECONOMICS, Vol. 14, No. 3, July 1996
Posted: 07 Feb 1997
Chun Chang and Yijiang Wang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of Minnesota - Twin Cities - Carlson School of Management

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