Zigan Wang

Tsinghua University

Beijing, 100084

China

The University of Hong Kong - School of Economics and Finance

Assistant Professor of Finance

8th Floor Kennedy Town Centre

23 Belcher's Street

Kennedy Town

Hong Kong

Columbia University

PhD Candidate

3022 Broadway

New York, NY 10027

United States

SCHOLARLY PAPERS

22

DOWNLOADS

5,322

SSRN CITATIONS

54

CROSSREF CITATIONS

6

Scholarly Papers (22)

1.

Technical Trading: Is it Still Beating the Foreign Exchange Market?

Journal of International Economics, Forthcoming
Number of pages: 54 Posted: 18 Apr 2016
Po-Hsuan Hsu, Mark P. Taylor and Zigan Wang
National Tsing Hua University - Department of Quantitative Finance, Washington University in St. Louis - John M. Olin Business School and Tsinghua University
Downloads 1,121 (32,612)
Citation 9

Abstract:

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Foreign exchange, technical analysis, trading rules, data-snooping bias

2.

The Power of the People: Labor Unions and Corporate Social Responsibility

Number of pages: 58 Posted: 12 Jan 2021 Last Revised: 21 Dec 2021
Amanda Heitz, Youan Wang and Zigan Wang
A.B. Freeman School of Business Tulane University, The University of Hong Kong and Tsinghua University
Downloads 465 (103,679)

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labor union, elections, corporate social responsibility

3.

Corporate Political Connections and Favorable Environmental Regulatory Enforcement

Management Science, Forthcoming
Number of pages: 39 Posted: 15 Nov 2019 Last Revised: 11 Feb 2021
Amanda Heitz, Youan Wang and Zigan Wang
A.B. Freeman School of Business Tulane University, The University of Hong Kong and Tsinghua University
Downloads 373 (133,784)
Citation 14

Abstract:

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political connections, elections, regulation

4.

Real Effects of Share Repurchases Legalization on Corporate Behaviors

Journal of Financial Economics 140, no.1 (2021): 197-219.
Number of pages: 23 Posted: 07 Dec 2020 Last Revised: 15 Mar 2021
Zigan Wang, Qie Ellie Yin and Luping Yu
Tsinghua University, Hong Kong Baptist University and Xiamen University - Department of Finance
Downloads 354 (141,734)
Citation 13

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Share repurchases, payout, investment, innovation, firm performance

The Out-of-Sample Performance of Carry Trades

Number of pages: 55 Posted: 26 Apr 2018 Last Revised: 20 Sep 2019
Po-Hsuan Hsu, Mark P. Taylor and Zigan Wang
National Tsing Hua University - Department of Quantitative Finance, Washington University in St. Louis - John M. Olin Business School and Tsinghua University
Downloads 343 (145,685)
Citation 1

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Foreign Exchange; Trading Rules; Carry Trade; Data-Snooping Bias

The Out-of-Sample Performance of Carry Trades

CEPR Discussion Paper No. DP15052
Number of pages: 56 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Po-Hsuan Hsu, Mark P. Taylor and Zigan Wang
National Tsing Hua University - Department of Quantitative Finance, Washington University in St. Louis - John M. Olin Business School and Tsinghua University
Downloads 1 (1,062,310)
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carry trade, Data-snooping bias, foreign exchange

6.

Evolution of Financial Studies Over Forty Years: What Can We Learn from Machine Learning?

Number of pages: 56 Posted: 27 Mar 2018
Po-Yu Liu and Zigan Wang
The University of Hong Kong - Faculty of Business and Economics and Tsinghua University
Downloads 302 (168,458)
Citation 1

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Textual Analysis, Machine Learning, Network Analysis, Evolution of Financial Studies

7.

Mandatory Pollution Abatement, Financial Constraint and Firm Investment

Number of pages: 1 Posted: 01 Oct 2018 Last Revised: 20 Dec 2020
Tri Vi Dang, Youan Wang and Zigan Wang
Columbia University - Department of Economics, The University of Hong Kong and Tsinghua University
Downloads 284 (179,028)
Citation 1

Abstract:

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Mandatory Pollution Abatement, Financial Constraint, R&D, Capital Expenditure

8.
Downloads 279 (182,299)
Citation 3

Bank Liquidity, Credit Supply and the Environment

Number of pages: 70 Posted: 28 Dec 2017 Last Revised: 20 Jan 2020
Ross Levine, Chen Lin, Zigan Wang and Wensi Xie
Stanford University, The University of Hong Kong - Faculty of Business and Economics, Tsinghua University and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 142 (337,306)
Citation 3

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Bank Liquidity Gains, Pollution, Toxic Emissions

Bank Liquidity, Credit Supply, and the Environment

NBER Working Paper No. w24375
Number of pages: 74 Posted: 06 Mar 2018 Last Revised: 06 Feb 2023
Ross Levine, Chen Lin, Zigan Wang and Wensi Xie
Stanford University, The University of Hong Kong - Faculty of Business and Economics, Tsinghua University and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 137 (347,020)

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9.

Foreign Exchange News and Currency Reversals

Number of pages: 64 Posted: 19 Jun 2020
Ilias Filippou, Mark P. Taylor and Zigan Wang
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School and Tsinghua University
Downloads 237 (214,196)

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FX News, Currency Risk Premium, Currency Reversals

Pollution and Human Capital Migration: Evidence from Corporate Executives

NBER Working Paper No. w24389
Number of pages: 50 Posted: 12 Mar 2018 Last Revised: 20 Feb 2023
Ross Levine, Chen Lin and Zigan Wang
Stanford University, The University of Hong Kong - Faculty of Business and Economics and Tsinghua University
Downloads 136 (349,078)
Citation 1

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Toxic Emissions and Executive Migration

Number of pages: 42 Posted: 09 Mar 2018
Ross Levine, Chen Lin and Zigan Wang
Stanford University, The University of Hong Kong - Faculty of Business and Economics and Tsinghua University
Downloads 96 (450,931)
Citation 1

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Pollution Costs, Spatial Labor Mobility, Executive Turnover

11.

Is Democracy Good for Corporate Investment?

Number of pages: 91 Posted: 06 Apr 2021 Last Revised: 21 Mar 2023
Yan Li, Youan Wang, Zigan Wang and Qie Ellie Yin
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong, Tsinghua University and Hong Kong Baptist University
Downloads 221 (229,117)

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political system, democracy, firm investment, firm performance

12.

Bank Networks and Acquisitions

Management Science, 2019
Number of pages: 46 Posted: 08 Aug 2019
Ross Levine, Chen Lin and Zigan Wang
Stanford University, The University of Hong Kong - Faculty of Business and Economics and Tsinghua University
Downloads 203 (247,802)
Citation 2

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Mergers and Acquisitions; Value Creation; Synergies

13.

Political Connections, Financial Constraints, and Corporate Taxation

Number of pages: 70 Posted: 17 Aug 2021 Last Revised: 29 Apr 2022
Cheung Kong Graduate School of Business, University of California-IrvineUniversity of California-Irvine, The University of Hong Kong and Tsinghua University
Downloads 196 (255,824)
Citation 1

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Political connections, corporate tax planning, financial constraints, external financing

14.

Global Share Repurchases Over the Business Cycle

Number of pages: 60 Posted: 25 Feb 2021
Zigan Wang, Qie Ellie Yin and Luping Yu
Tsinghua University, Hong Kong Baptist University and Xiamen University - Department of Finance
Downloads 196 (255,824)

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Share repurchases, business cycle, stock return, stock liquidity, firm investment

15.

Currency Volatility and Global Technological Innovation

Number of pages: 67 Posted: 22 Apr 2020 Last Revised: 27 Sep 2021
Po-Hsuan Hsu, Mark P. Taylor, Zigan Wang and Qi Xu
National Tsing Hua University - Department of Quantitative Finance, Washington University in St. Louis - John M. Olin Business School, Tsinghua University and Zhejiang University - School of Economics and Academy of Financial Research
Downloads 175 (282,852)
Citation 1

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Foreign Exchange Volatility, Technological Innovation, Patents, R&D

16.

Corporate Environmental, Social, and Governance Performance Under Economic Policy Uncertainty: International Evidence

Number of pages: 54 Posted: 18 Oct 2022
Yan Li, Zigan Wang and Qie Ellie Yin
The University of Hong Kong - Faculty of Business and Economics, Tsinghua University and Hong Kong Baptist University
Downloads 101 (432,794)

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Economic Policy Uncertainty, Corporate Social Responsibility, Cash Holdings, Precautionary Savings, Real Options

17.

Do Share Repurchases Facilitate Movement Towards Target Capital Structure? International Evidence

Number of pages: 53 Posted: 15 Jun 2021 Last Revised: 19 Jun 2021
Zigan Wang, Qie Ellie Yin and Luping Yu
Tsinghua University, Hong Kong Baptist University and Xiamen University - Department of Finance
Downloads 86 (479,786)
Citation 1

Abstract:

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Share repurchases, capital structure, target leverage

18.

American Housing Price in the 2000s

Journal of Accounting and Finance
Number of pages: 29 Posted: 19 Nov 2012 Last Revised: 06 Aug 2019
Zigan Wang and Youwei Zhu
Tsinghua University and affiliation not provided to SSRN
Downloads 83 (490,159)

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American housing market, housing price, securitization, simulation

19.

Acquiring Banking Networks

NBER Working Paper No. w23469
Number of pages: 67 Posted: 05 Jun 2017 Last Revised: 16 Feb 2023
Ross Levine, Chen Lin and Zigan Wang
Stanford University, The University of Hong Kong - Faculty of Business and Economics and Tsinghua University
Downloads 69 (544,374)
Citation 2

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20.

Media Sentiment and Currency Reversals

CEPR Discussion Paper No. DP16049
Number of pages: 55 Posted: 14 May 2021
Ilias Filippou, Mark P. Taylor and Zigan Wang
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School and Tsinghua University
Downloads 1 (1,019,497)
Citation 2
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21.

The Real Effects of Exchange Rate Risk on Corporate Investment: International Evidence

CEPR Discussion Paper No. DP15053
Number of pages: 69 Posted: 28 Jul 2020 Last Revised: 14 Jul 2021
Mark P. Taylor, Zigan Wang and Qi Xu
Washington University in St. Louis - John M. Olin Business School, Tsinghua University and Zhejiang University - School of Economics and Academy of Financial Research
Downloads 0 (1,028,065)
Citation 3
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22.

Stock market, Economic Performance and Presidential Elections

Journal of Business & Economics Research, Vol. 12(2), 2014, pp. 159-170.
Posted: 08 Dec 2012 Last Revised: 06 Mar 2018
Wen-Wen Chien, Roger Mayer and Zigan Wang
State University of New York College at Old Westbury, State University of New York College at Old Westbury and Tsinghua University

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Presidential election, Dow Jones Industrial Average, stock market, economic performance

Other Papers (2)

Total Downloads: 235
1.

The Effects of Legalizing Open Market Share Repurchases: International Evidence

Number of pages: 56 Posted: 19 Feb 2019 Last Revised: 09 Apr 2019
Zigan Wang and Luping Yu
Tsinghua University and Xiamen University - Department of Finance
Downloads 193

Abstract:

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stock repurchase, firm value, firm behavior, cash holding, payout policy

2.

Toxic Emissions and Executive Departures

31st Australasian Finance and Banking Conference 2018
Number of pages: 63 Posted: 30 Jul 2018 Last Revised: 22 Jun 2021
Ross Levine, Chen Lin and Zigan Wang
Stanford University, The University of Hong Kong - Faculty of Business and Economics and Tsinghua University
Downloads 42

Abstract:

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Pollution costs, Spatial labor mobility, Executive turnover