Zhangxin (Frank) Liu

The University of Western Australia - Department of Accounting and Finance

Associate Professor

Business School

35 Stirling Highway

Crawley, Western Australia 6009

Australia

  • The University of Western Australia - Department of Accounting and Finance

SCHOLARLY PAPERS

30

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5,369

TOTAL CITATIONS
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Top 20,554

in Total Papers Citations

59

Scholarly Papers (30)

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1.

Bitcoin Time-of-Day, Day-of-Week and Month-of-Year Effects in Returns and Trading Volume

Number of pages: 21 Posted: 19 Dec 2017 Last Revised: 21 Dec 2017
Dirk G. Baur, Daniel Cahill, Keith Godfrey and Zhangxin (Frank) Liu
University of Western Australia - Business School, University of Western Australia, Buiness School, The University of Western Australia - Department of Accounting and Finance and The University of Western Australia - Department of Accounting and Finance
Downloads 1,153 (40,051)
Citation 16

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Bitcoin; blockchain; day-of-week effects; January effect; Halloween effect; arbitrage; market efficiency

2.

Private Debt: Volatility, Credit Risk, and Returns

Asian Finance Association (AsianFA) 2016 Conference, 29th Australasian Finance and Banking Conference 2016
Number of pages: 42 Posted: 22 May 2015 Last Revised: 20 Aug 2016
Douglas J. Cumming, Grant Fleming and Zhangxin (Frank) Liu
Florida Atlantic University, Continuity Capital Partners and The University of Western Australia - Department of Accounting and Finance
Downloads 765 (70,681)
Citation 2

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Private debt, performance, trading strategies, excess returns, credit risk, liquidity, volatility

3.

I Am a Blockchain Too...

Downloads 650 (87,176)
Citation 17

I Am a Blockchain Too...

Number of pages: 28 Posted: 06 Jun 2018 Last Revised: 19 Dec 2020
Daniel Cahill, Dirk G. Baur, Zhangxin (Frank) Liu and Joey (Wenling) Yang
University of Western Australia, Buiness School, University of Western Australia - Business School, The University of Western Australia - Department of Accounting and Finance and The University of Western Australia
Downloads 340 (187,018)

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Blockchain; Bitcoin; announcement; event study; investor attention.

I Am a Blockchain Too: How Does the Market Respond to Companies’ Interest in Blockchain?

2019 Financial Markets & Corporate Governance Conference
Number of pages: 50 Posted: 22 Jan 2019 Last Revised: 24 Nov 2019
Daniel Cahill, Dirk G. Baur, Zhangxin (Frank) Liu and Joey (Wenling) Yang
University of Western Australia, Buiness School, University of Western Australia - Business School, The University of Western Australia - Department of Accounting and Finance and The University of Western Australia
Downloads 310 (206,679)
Citation 17

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Blockchain; Bitcoin; announcement; event study; investor attention

4.

Model-Free Risk-Neutral Moments and Proxies

Number of pages: 64 Posted: 10 Aug 2015 Last Revised: 06 Jul 2016
Zhangxin (Frank) Liu and Thijs van der Heijden
The University of Western Australia - Department of Accounting and Finance and University of Melbourne - Department of Finance
Downloads 350 (182,784)
Citation 8

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Risk-Neutral Moments, Skewness, Kurtosis, Implied Volatility Smirk, Skew, Curvature, VIX

5.

Hitting SKEW for SIX

2013 Financial Markets & Corporate Governance Conference, 27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 49 Posted: 19 Dec 2012 Last Revised: 03 Jun 2016
Zhangxin (Frank) Liu and Robert W. Faff
The University of Western Australia - Department of Accounting and Finance and Corvinus University Budapest
Downloads 318 (202,690)
Citation 3

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Skewness Index; Risk-Neutral Moments; SKEW; VIX; State-Preference Pricing

6.

The Returns to Private Debt: Primary Issuances Versus Secondary Acquisitions

Financial Analysts Journal, Forthcoming
Number of pages: 33 Posted: 05 Oct 2018
Douglas J. Cumming, Grant Fleming and Zhangxin (Frank) Liu
Florida Atlantic University, Continuity Capital Partners and The University of Western Australia - Department of Accounting and Finance
Downloads 278 (233,593)
Citation 2

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Private Debt, Performance, Trading Strategies, Excess Returns, Volatility, Credit Risk, Funding Liquidity

7.

SME performance and the US-China trade war: Evidence of China

Number of pages: 33 Posted: 16 Jan 2021
Feng Liu, Zhangxin (Frank) Liu and Grant Fleming
Shandong University, The University of Western Australia - Department of Accounting and Finance and Continuity Capital Partners
Downloads 275 (236,237)

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US–China trade war, Supply chain management, Major customers, Firm profitability, Sales growth, SMEs

8.

ESG Rating Divergence and Audit Fees: Evidence from China

Number of pages: 22 Posted: 18 Apr 2024
Shixian Ling, Hui Xia and Zhangxin (Frank) Liu
Shandong University at Weihai, Shandong University and The University of Western Australia - Department of Accounting and Finance
Downloads 173 (367,716)
Citation 4

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ESG rating divergence, audit fee, information asymmetry, business risks, cost of debt capital

9.

Share Pledging and Financial Constraints in China

Number of pages: 64 Posted: 08 Mar 2020 Last Revised: 02 Nov 2020
Zijian Cheng, Zhangxin (Frank) Liu and Yupu Sun
Shandong University - Department of Accounting, The University of Western Australia - Department of Accounting and Finance and affiliation not provided to SSRN
Downloads 173 (367,716)
Citation 4

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Share pledge, Financial constraint, Controlling shareholder

10.

Earnings Management in Australian Not-for-Profit Disability Services

AASB Research Centre Working Paper 1
Number of pages: 22 Posted: 31 Mar 2022 Last Revised: 27 Sep 2022
David Gilchrist, Dane Rees Etheridge and Zhangxin (Frank) Liu
The University of Western Australia - UWA Business School, Curtin University and The University of Western Australia - Department of Accounting and Finance
Downloads 155 (404,321)

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Earnings Management; Not for Profit; Charities

11.

Limitations of Imitation: Lessons from another Bitcoin Copycat

Journal of Corporate Finance, Forthcoming
Number of pages: 58 Posted: 09 Dec 2019 Last Revised: 25 May 2021
Daniel Cahill and Zhangxin (Frank) Liu
University of Western Australia, Buiness School and The University of Western Australia - Department of Accounting and Finance
Downloads 117 (505,633)

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Copycats, Imitation, Isomorphism, Blockchain

12.

Corporate Financial Portfolio and Distress Risk: Forewarned is Forearmed

Emerging Markets Finance & Trade, forthcoming
Number of pages: 28 Posted: 18 Feb 2021 Last Revised: 06 Dec 2022
Xuesheng Chen, Caixia Liu, Zhangxin (Frank) Liu and Yongkang Stanley Huang
Shandong University - School of Business, Shandong University - School of Business, The University of Western Australia - Department of Accounting and Finance and Columbia University - Columbia Business School, Accounting, Business Law & Taxation
Downloads 110 (529,610)

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financial assets; distress risk; financial expenses; investment income

13.

Short Interest and the Stock Market Relation with News Sentiment from Traditional and Social Media Sources

Australian Economic Papers, Volume 62, Issue 2, Pages 321-334
Number of pages: 15 Posted: 05 Oct 2022 Last Revised: 09 Mar 2024
Lee A. Smales, Zhangxin (Frank) Liu and Ben Chamberlain
University of Western Australia, The University of Western Australia - Department of Accounting and Finance and The University of Western Australia
Downloads 100 (567,716)

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Short Interest, Sentiment, News Analytics, Twitter, stock markets

14.

Reverse Merger Audit Fee Premium: Evidence from China

Downloads 95 (587,129)
Citation 2

Reverse Merger Audit Fee Premium: Evidence from China

Number of pages: 44 Posted: 12 Mar 2023
Zijian Cheng, Zhangxin (Frank) Liu, Isabel Wang and Xingju Zhao
Shandong University at Weihai, The University of Western Australia - Department of Accounting and Finance, affiliation not provided to SSRN and Shanghai University of Finance and Economics
Downloads 50 (848,806)

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Reverse mergers, IPOs, Audit fee, Performance Commitment

Reverse Merger Audit Fee Premium: Evidence from China

Number of pages: 48 Posted: 29 Jun 2023
Zijian Cheng, Zhangxin (Frank) Liu, Isabel Wang and Xingju Zhao
Shandong University at Weihai, The University of Western Australia - Department of Accounting and Finance, affiliation not provided to SSRN and Shanghai University of Finance and Economics
Downloads 45 (891,452)
Citation 2

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Reverse mergers, IPOs, Audit fee, Performance Commitment

15.

Are Investors Attentive Before a One-Off Holiday?

Number of pages: 21 Posted: 21 Feb 2024
Grant Fleming, Zhangxin (Frank) Liu, David Merrett and Simon Ville
Continuity Capital Partners, The University of Western Australia - Department of Accounting and Finance, University of Melbourne and University of Wollongong - School of Accounting, Economics & Finance
Downloads 79 (656,487)

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market efficiency, Holiday effect, Stock market anomaly, Sydney Stock Exchange

16.

Technical Talk in Bitcoin and Equity

Number of pages: 37 Posted: 13 Feb 2024
Daniel Cahill, Zhangxin (Frank) Liu and Lee A. Smales
University of Western Australia, Buiness School, The University of Western Australia - Department of Accounting and Finance and University of Western Australia
Downloads 78 (666,007)

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Textual analysis,cryptocurrency,equity markets,social media,Reddit.com

17.

Earnings Management in Australian Not-for-Profit Disability Services

Number of pages: 19 Posted: 22 Jun 2021 Last Revised: 24 Aug 2022
David Gilchrist, Dane Etheridge and Zhangxin (Frank) Liu
The University of Western Australia - UWA Business School, Curtin University and The University of Western Australia - Department of Accounting and Finance
Downloads 67 (718,513)
Citation 1

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Earnings Management; Not-for-profit; Charities; Human Services

18.

Reverse Takeovers and Environmental, Social, and Governance Performance: Empirical Evidence from China

Number of pages: 52 Posted: 23 Mar 2024
Zijian Cheng, He Gao, Zhangxin (Frank) Liu and SIRIMON TREEPONGKARUNA
Shandong University at Weihai, Shandong University at Weihai, The University of Western Australia - Department of Accounting and Finance and affiliation not provided to SSRN
Downloads 58 (773,395)

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Reverse takeover, IPO, ESG performance, Financing constraints, Performance commitment

19.

Gender(ed) Equity: The Growth of Female Shareholding in Australia, 1857-1937

Number of pages: 32 Posted: 07 Dec 2023
Grant Fleming, Zhangxin (Frank) Liu, David Merrett and Simon Ville
Continuity Capital Partners, The University of Western Australia - Department of Accounting and Finance, University of Melbourne and University of Wollongong - School of Accounting, Economics & Finance
Downloads 56 (786,771)

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20.

Financial Innovation in the Uranium Mining Sector: Analysis of an Exchange-Traded Fund and its Impact on Trading Characteristics of Uranium Stocks

Number of pages: 78 Posted: 12 Sep 2022
Zhangxin (Frank) Liu and James Bentley
The University of Western Australia - Department of Accounting and Finance and The University of Western Australia
Downloads 54 (800,924)

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Exchange-Traded Fund, ETFs, Uranium, Financial Innovation, Market Quality.

21.

One Session Options: Playing the Announcement Lottery?

Journal of Futures Markets, Forthcoming
Number of pages: 29 Posted: 22 Mar 2021 Last Revised: 16 Aug 2021
Lee A. Smales, Zhangxin (Frank) Liu and Cameron Robertson
University of Western Australia, The University of Western Australia - Department of Accounting and Finance and affiliation not provided to SSRN
Downloads 53 (808,076)

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Lottery-like assets, One Session Options, Trading Volume, Trading Behaviour

22.

Unveiling the Veil: Identifying Shell Firms Using Machine Learning Approaches

Number of pages: 141 Posted: 04 Nov 2024
Zijian Cheng, Tianze Li and Zhangxin (Frank) Liu
Shandong University at Weihai, Shandong University at Weihai and The University of Western Australia - Department of Accounting and Finance
Downloads 45 (870,946)

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Machine learning, Shell Firms, Reverse Mergers, IPO Control, Capital Market Regulation

23.

Navigating Climate Policy Uncertainty: Impacts on Continuous Innovation in Corporations

Number of pages: 22 Posted: 02 May 2024
Shixian Ling, Hui Xia, Zhangxin (Frank) Liu, SIRIMON TREEPONGKARUNA and Samara Haroon
Shandong University at Weihai, Shandong University, The University of Western Australia - Department of Accounting and Finance, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 43 (888,150)

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Climate policy uncertainty, Continuous innovation, Technological innovation, green transformation

24.

Unveiling the Veil: Predicting Potential Shell Firms Using Machine Learning Approach

Number of pages: 37 Posted: 04 Sep 2024
Zijian Cheng, Tianze Li and Zhangxin (Frank) Liu
Shandong University at Weihai, Shandong University at Weihai and The University of Western Australia - Department of Accounting and Finance
Downloads 34 (973,838)

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Machine Learning, Shell Firms, Reverse Mergers, IPO Control

25.

Holiday Spirits and Market Mood: Trading Patterns Around Public Holidays on the Sydney Stock Exchange 1901-1950

Number of pages: 20 Posted: 08 Jul 2023
Grant Fleming, Zhangxin (Frank) Liu, David Merrett and Simon Ville
Continuity Capital Partners, The University of Western Australia - Department of Accounting and Finance, University of Melbourne and University of Wollongong - School of Accounting, Economics & Finance
Downloads 24 (1,086,741)

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Holiday effect, Stock market anomaly, market efficiency, Sydney Stock Exchange

26.

Divine Dividends: How Religious Traditions Shape Corporate Payout Policies

Downloads 23 (1,099,014)

Divine Dividends: How Religious Traditions Shape Corporate Payout Policies

Number of pages: 50 Posted: 05 Mar 2025
Shixian Ling, Mengdi Jia and Zhangxin (Frank) Liu
Shandong University at Weihai, Shandong University at Weihai and The University of Western Australia - Department of Accounting and Finance
Downloads 18 (1,199,287)

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Religious traditions, Dividend policy, Informal institutions, Buddhism and Taoism, Corporate governance.

Divine Dividends: How Religious Traditions Shape Corporate Payout Policies

Number of pages: 50 Posted: 11 Mar 2025
Shixian Ling, Mengdi Jia and Zhangxin (Frank) Liu
Shandong University at Weihai, Shandong University at Weihai and The University of Western Australia - Department of Accounting and Finance
Downloads 5 (1,349,322)

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Religious traditions, Dividend Policy, Informal Institutions, Buddhism and Taoism, Corporate governance.

27.

ESG Rating and Management Earnings Forecasts: Evidence from China

Number of pages: 27 Posted: 28 Aug 2024
He Gao, Zijian Cheng and Zhangxin (Frank) Liu
Shandong University at Weihai, Shandong University at Weihai and The University of Western Australia - Department of Accounting and Finance
Downloads 23 (1,099,014)

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ESG ratings, management earnings forecasts, financial disclosure, corporate governance. audit fee, information asymmetry, business risks, cost of debt capital

28.

Gold Fever? How Legacy Effects Shaped Investor Experience and Behaviour During the Australian Gold Mining Booms, 1857-1886

Number of pages: 52 Posted: 12 Jun 2024
Simon Ville, Grant Fleming, Zhangxin (Frank) Liu and David Merrett
University of Wollongong - School of Accounting, Economics & Finance, Continuity Capital Partners, The University of Western Australia - Department of Accounting and Finance and University of Melbourne
Downloads 15 (1,198,958)

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Australia, goldmining, company booms, investor experience

29.

Contingent Payments in M&A and Green Innovation

Number of pages: 59 Posted: 07 Apr 2025
Tianze Li, Zijian Cheng, Zhangxin (Frank) Liu and Tairan (Kevin) Huang
Shandong University at Weihai, Shandong University at Weihai, The University of Western Australia - Department of Accounting and Finance and University of Wollongong
Downloads 5 (1,294,478)

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Green Innovation, Merger and Acquisition, Performance Commitment Agreement, Contingent Payment, Ethical Behavior, Management Myopia

30.

Tail Risk Hedging for Mutual Funds Using Equity Market State Prices

Australian Journal of Management, Vol. 41, No. 4, 2016
Posted: 04 Nov 2016
Michael O'Neill and Zhangxin (Frank) Liu
Bond University - Bond Business School and The University of Western Australia - Department of Accounting and Finance

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mutual fund, state price volatility