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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87

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 1,257 (22,818)
Citation 4

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2.

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure

Downloads 1,229 ( 23,581)

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 Indiana University Kelley School of Business
Downloads 1,229 (23,190)

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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 Indiana University Kelley School of Business

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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 984 ( 32,515)
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 Indiana University Kelley School of Business
Downloads 863 (38,526)
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 Indiana University Kelley School of Business
Downloads 121 (316,595)

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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 919 ( 35,811)
Citation 20

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 776 (44,493)
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 143 (278,670)
Citation 2

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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 628 ( 59,526)
Citation 10

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, Indiana University Kelley School of Business and Renmin University of China - Hanqing Advanced Institute of Economics and Finance
Downloads 563 (67,630)

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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, Indiana University Kelley School of Business and Renmin University of China - Hanqing Advanced Institute of Economics and Finance
Downloads 65 (466,240)
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 and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 505 (78,290)
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 378 (109,900)
Citation 6

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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 279 (151,985)

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9.

Trends and Cycles in China's Macroeconomy

Downloads 230 (183,710)
Citation 30

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 138 (286,489)

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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

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2018
Number of pages: 76 Posted: 11 May 2018
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 67 (458,983)
Citation 6

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Reallocation, between-sector effect, TFP growth, heavy vs. light sectors, long-term vs. 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: 17 Jan 2022
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 25 (675,818)
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 227 (185,943)

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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 191 (218,059)
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), 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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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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