Kuo-Chiang (John) Wei

Hong Kong University of Science & Technology (HKUST) - Department of Finance

Professor/Director of The Center for Asian Financial Markets

Clear Water Bay, Kowloon

Hong Kong

SCHOLARLY PAPERS

40

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Top 1,024

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19,831

CITATIONS
Rank 1,082

SSRN RANKINGS

Top 1,082

in Total Papers Citations

500

Scholarly Papers (40)

1.

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Asia's Emerging Markets

Number of pages: 44 Posted: 03 Aug 2003
Kevin C. W. Chen, Kuo-Chiang (John) Wei and Zhihong Chen
Hong Kong University of Science and Technology, Hong Kong University of Science & Technology (HKUST) - Department of Finance and Hong Kong University of Science and Technology
Downloads 3,185 (2,045)
Citation 21

Abstract:

corporate governance, Cost of capital, Disclosure, Investor protection

2.
Downloads 1,918 ( 5,485)
Citation 165

Capital Investments and Stock Returns

Number of pages: 33 Posted: 09 May 2001
Kuo-Chiang (John) Wei, Feixue Xie and Sheridan Titman
Hong Kong University of Science & Technology (HKUST) - Department of Finance, Southern Connecticut State University - Department of Economics and Finance and University of Texas at Austin - Department of Finance
Downloads 1,744 (6,364)
Citation 165

Abstract:

Investment, stock returns, financial constraints, free cash flow

Capital Investments and Stock Returns

NBER Working Paper No. w9951
Number of pages: 40 Posted: 09 Sep 2003
Kuo-Chiang (John) Wei, Feixue Xie and Sheridan Titman
Hong Kong University of Science & Technology (HKUST) - Department of Finance, Southern Connecticut State University - Department of Economics and Finance and University of Texas at Austin - Department of Finance
Downloads 174 (135,033)
Citation 165

Abstract:

3.

Momentum, Legal Systems and Ownership Structure: An Analysis of Asian Stock Markets

Number of pages: 47 Posted: 25 Apr 2001
Andy C.W. Chui, Kuo-Chiang (John) Wei and Sheridan Titman
Hong Kong Polytechnic University, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 1,722 (5,722)
Citation 39

Abstract:

Momentum, legal systems, ownership structure, Asian stock markets

4.

Individualism and Momentum Around the World

Journal of Finance, Forthcoming
Number of pages: 71 Posted: 23 Jun 2008 Last Revised: 25 Feb 2009
Andy C.W. Chui, Sheridan Titman and Kuo-Chiang (John) Wei
Hong Kong Polytechnic University, University of Texas at Austin - Department of Finance and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 1,259 (9,443)
Citation 58

Abstract:

International momentum, Individualism, Overconfidence, Volatility, Trading volume

5.

Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 69 Posted: 09 Apr 2009
Kevin C. W. Chen, Zhihong Chen and Kuo-Chiang (John) Wei
Hong Kong University of Science and Technology, Hong Kong University of Science and Technology and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 1,050 (13,337)
Citation 8

Abstract:

Agency costs of free cash flow, Anti-takeover provisions, Shareholder rights, Cost of equity capital, Investment opportunities

6.

The Role of Anchoring Bias in the Equity Market: Evidence from Analysts’ Earnings Forecasts and Stock Returns

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 53 Posted: 02 Mar 2007 Last Revised: 22 Sep 2011
Ling Cen, Gilles Hilary and Kuo-Chiang (John) Wei
University of Toronto - Rotman School of Management, Georgetown University - Department of Accounting and Business Law and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 876 (17,469)
Citation 2

Abstract:

Anchoring, Cognitive biases, Analysts’ earnings forecasts, Cross-sectional stock returns

7.

The Cross-Section of Expected REIT Returns

University of Texas at Austin Working Paper
Number of pages: 37 Posted: 27 May 2003
Andy C.W. Chui, Kuo-Chiang (John) Wei and Sheridan Titman
Hong Kong Polytechnic University, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 839 (19,357)
Citation 9

Abstract:

REITs, Momentum, Expected returns

8.

Intra-Industry Momentum: The Case of REITs

Number of pages: 32 Posted: 24 Oct 2001
Andy C.W. Chui, Kuo-Chiang (John) Wei and Sheridan Titman
Hong Kong Polytechnic University, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 646 (28,705)
Citation 16

Abstract:

REITs, momentum, behavioral finance

9.

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 09 Apr 2009
Kevin C. W. Chen, Zhihong Chen and Kuo-Chiang (John) Wei
Hong Kong University of Science and Technology, Hong Kong University of Science and Technology and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 627 (27,998)
Citation 22

Abstract:

governance, Cost of equity, Legal protection of investors

10.

Earnings Management, Corporate Investments, and Stock Returns

Number of pages: 41 Posted: 18 Mar 2005
Feixue Xie and Kuo-Chiang (John) Wei
University of Texas at El Paso - College of Business Administration - Department of Economics and Finance and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 584 (32,746)

Abstract:

Discretionary accruals, earnings management, abnormal capital investment, market efficiency

The Role of Limits to Arbitrage and the Asset Growth Anomaly

Number of pages: 61 Posted: 17 Mar 2009 Last Revised: 09 Apr 2011
F.Y. Eric C. Lam and Kuo-Chiang (John) Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 295 (78,736)
Citation 3

Abstract:

Asset growth, Capital investment, Cross-section of stock returns, Limits to arbitrage

The Asset Growth Anomaly and the Role of Limits to Arbitrage

Number of pages: 49 Posted: 11 Feb 2009 Last Revised: 20 Feb 2009
F.Y. Eric C. Lam and Kuo-Chiang (John) Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 265 (88,817)
Citation 3

Abstract:

Asset growth, Capital investment, Limits to arbitrage

12.

Ex-Ante Expection Errors and the Asset Growth Anomaly

AFA 2013 San Diego Meetings Paper
Number of pages: 52 Posted: 20 Jan 2012 Last Revised: 09 Nov 2016
F.Y. Eric C. Lam and Kuo-Chiang (John) Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 487 (34,269)

Abstract:

total asset growth; capital investment; ex-ante expectation errors; mispricing; stock returns

13.

Do Bond Rating Changes Affect Information Risk of Stock Trading?

Number of pages: 41 Posted: 01 Mar 2007
Yan He, Kuo-Chiang (John) Wei and Junbo Wang
Indiana University Southeast - School of Business, Hong Kong University of Science & Technology (HKUST) - Department of Finance and affiliation not provided to SSRN
Downloads 379 (58,182)

Abstract:

Bond rating changes; Information asymmetry; Information risk

14.

Corporate Groups, Capital Investments and Stock Returns in Japan

University of Texas at Austin Working Paper
Number of pages: 26 Posted: 09 Jun 2003
Kuo-Chiang (John) Wei, Feixue Xie and Sheridan Titman
Hong Kong University of Science & Technology (HKUST) - Department of Finance, Southern Connecticut State University - Department of Economics and Finance and University of Texas at Austin - Department of Finance
Downloads 367 (59,091)
Citation 32

Abstract:

Capital expenditures, Stock returns, Corporate groups, Financial constraints

15.

Liquidity Risk and Stock Returns Around the World

Journal of Banking and Finance, 2012, Vol. 36, No. 12, pp. 3274-3288
Number of pages: 48 Posted: 17 Feb 2005 Last Revised: 15 Jan 2015
Samuel Xin Liang and Kuo-Chiang (John) Wei
Schulich School of Business York University and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 329 (61,772)
Citation 5

Abstract:

Liquidity risk, Risk premium, International markets

16.

On the Demand Elasticity of Initial Public Offerings: An Analysis of Discriminatory Auctions

AFA 2001 New Orleans Meetings
Number of pages: 45 Posted: 14 Sep 2000
Gwohorng Liaw, Kuo-Chiang (John) Wei and Yu-Jane Liu
National Chung Cheng University - Department of Finance, Hong Kong University of Science & Technology (HKUST) - Department of Finance and National Chengchi University (NCCU) - Department of Finance and Banking
Downloads 324 (68,763)
Citation 16

Abstract:

17.

Corporate Governance and Conditional Skewness in the World's Stock Markets

Asian Institute of Corporate Governance at Korea University Working Paper
Number of pages: 47 Posted: 24 Jul 2003
Kee-Hong Bae, Kuo-Chiang (John) Wei and Chan-Woo Lim
York University - Schulich School of Business, Hong Kong University of Science & Technology (HKUST) - Department of Finance and Korea University Business School (KUBS)
Downloads 298 (72,519)
Citation 8

Abstract:

skewness, risk sharing, discretionary disclosure

18.

Executive Pay Disparity and the Cost of Equity Capital

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 62 Posted: 02 Jan 2013 Last Revised: 10 May 2013
Zhihong Chen, Yuan Huang and Kuo-Chiang (John) Wei
Hong Kong University of Science and Technology, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 272 (74,700)

Abstract:

executive pay disparity, CEO pay slice, implied cost of capital, succession risk, entrenchment

19.

Disagreement, Underreaction, and Stock Returns

Management Science, Forthcoming
Number of pages: 51 Posted: 15 Nov 2012 Last Revised: 04 Nov 2015
Ling Cen, Kuo-Chiang (John) Wei and Liyan Yang
University of Toronto - Rotman School of Management, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Toronto - Rotman School of Management
Downloads 260 (55,139)

Abstract:

Disagreement, short-sale constraints, underreaction, cross-section of stock returns

20.

Limits-to-Arbitrage, Investment Frictions, and the Asset Growth Anomaly

Journal of Financial Economics 102 (2011) 127-149
Posted: 10 Apr 2011 Last Revised: 09 Mar 2016
F.Y. Eric C. Lam and Kuo-Chiang (John) Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance

Abstract:

Asset growth, Capital investment, Stock returns, Investment frictions, Limits-to-arbitrage

21.

Managerial Flexibility, Uncertainty, and Corporate Investment: The Real Options Effect

Number of pages: 37 Posted: 17 Mar 2006
Kuo-Chiang (John) Wei and Feixue Xie
Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Texas at El Paso - College of Business Administration - Department of Economics and Finance
Downloads 241 (95,733)

Abstract:

Managerial Flexibility, Uncertainty, Corporate Investment, Real Options

22.

Determinants of Disposition and Reverse Disposition Effects

Number of pages: 35 Posted: 27 Mar 2009
Andreas Krause, Kuo-Chiang (John) Wei and Zhishu Yang
University of Bath, Hong Kong University of Science & Technology (HKUST) - Department of Finance and Tsinghua University - School of Economics & Management
Downloads 220 (101,694)

Abstract:

Behavioral bias, Disposition effect, Investor characteristics

23.

Momentum Life Cycle around the World and Beyond

Asian Finance Association (AsianFA) 2015 Conference Paper
Number of pages: 72 Posted: 16 Feb 2015 Last Revised: 25 Sep 2016
Frank Weikai Li and Kuo-Chiang (John) Wei
Hong Kong University of Science and Technology - Department of Finance and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 194 (71,217)

Abstract:

Momentum life cycle; International; ETFs; Individualism; Limits to arbitrage; Momentum profits

24.

Intangible Information and Analyst Behavior

Number of pages: 45 Posted: 09 Mar 2011
Lei Sun and Kuo-Chiang (John) Wei
School of Finance, Shanghai University of Finance and Economics and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 185 (115,981)

Abstract:

intangible information, overconfidence bias, analyst stock recommendations, earnings per share (EPS) forecasts

25.

Tunneling or Propping: Evidence from Connected Transactions in China

Journal of Corporate Finance, Vol. 17, 2011
Number of pages: 56 Posted: 19 Mar 2008 Last Revised: 27 Jan 2011
Qian Peng, Kuo-Chiang (John) Wei and Zhishu Yang
Hong Kong University of Science & Technology (HKUST) - Department of Finance, Hong Kong University of Science & Technology (HKUST) - Department of Finance and Tsinghua University - School of Economics & Management
Downloads 174 (116,543)
Citation 11

Abstract:

Connected transactions, Tunneling, Propping, Chinese listed firms

26.

Legal Protection, Equity Dependence and Corporate Investment: Evidence from Around the World

EFA 2006 Zurich Meetings
Number of pages: 50 Posted: 13 Mar 2006
Kuo-Chiang (John) Wei and Yuanto Kusnadi
Hong Kong University of Science & Technology (HKUST) - Department of Finance and Singapore Management University - School of Accountancy
Downloads 172 (129,648)
Citation 2

Abstract:

Legal protection, Equity dependence, Corporate investment

27.

Volatility Risk Factors and Stock Returns around the World: Implications for Multinational Corporations

Number of pages: 51 Posted: 10 May 2006 Last Revised: 05 Dec 2016
Samuel Xin Liang and Kuo-Chiang (John) Wei
Schulich School of Business York University and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 139 (490,516)

Abstract:

Volatility risk factor; global volatility risk; total market volatility; idiosyncratic market volatility; market portfolio return; cost of capital

28.

Cash Flow News and the Investment Effect in the Cross-Section of Stock Returns

Management Science, Forthcoming
Number of pages: 41 Posted: 29 Jul 2014 Last Revised: 28 May 2015
Mike Qinghao Mao and Kuo-Chiang (John) Wei
Erasmus University Rotterdam and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 137 (103,504)

Abstract:

Investment effect; q-theory; cash flow news; return decomposition.

29.

What is the Real Relation between Cash Holdings and Stock Returns?

26th Australasian Finance and Banking Conference 2013
Number of pages: 39 Posted: 16 Mar 2013 Last Revised: 24 Sep 2016
F.Y. Eric C. Lam, Tai Ma, Shujing Wang and Kuo-Chiang (John) Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, National Sun Yat-sen University, Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 134 (129,648)

Abstract:

Cash holdings; Accruals; Profitability; Net operating assets; Limits to arbitrage

30.

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

Number of pages: 53 Posted: 12 Aug 2014 Last Revised: 14 Mar 2016
F.Y. Eric C. Lam, Shujing Wang and Kuo-Chiang (John) Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 124 (106,223)

Abstract:

Profitability premium, Macroeconomic Risks, Expectation errors, Investor sentiment

31.

What Drives the Liquidity Premium: Factors or Characteristics?

Number of pages: 40 Posted: 20 Feb 2011
Pin-Huang Chou, Kuan-Cheng Ko and Kuo-Chiang (John) Wei
National Central University, National Chi Nan University - College of Management and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 119 (170,610)

Abstract:

Liquidity Premium, Factor Model, Characteristic-Based Model

32.

Volatility Risk Factors and Stock Returns around the World: Implications for Multinational Corporations

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 51 Posted: 14 Feb 2013 Last Revised: 18 Dec 2016
Samuel Xin Liang and Kuo-Chiang (John) Wei
Schulich School of Business York University and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 91 (215,547)

Abstract:

Volatility risk factor; global volatility risk; total market volatility, idiosyncratic market volatility; market portfolio return; cost of capital

33.

Explaining the Cross-Section of Stock Returns in Japan: Factors or Characteristics?

NBER Working Paper No. w7246
Number of pages: 31 Posted: 28 Apr 2000
Kent D. Daniel, Kuo-Chiang (John) Wei and Sheridan Titman
Columbia Business School - Finance and Economics, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 73 (243,744)
Citation 83

Abstract:

34.

The Real Effect of the Initial Enforcement of Insider Trading Laws

Number of pages: 51 Posted: 22 Jul 2014 Last Revised: 21 Dec 2016
Zhihong Chen, Yuan Huang, Yuanto Kusnadi and Kuo-Chiang (John) Wei
Hong Kong University of Science and Technology, Hong Kong Polytechnic University - School of Accounting and Finance, Singapore Management University - School of Accountancy and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 70 (179,162)

Abstract:

Enforcement; Insider trading laws; Capital allocation efficiency; Investment; Transparency; Market frictions

35.

On the Explanations for the Gross Profitability Effect: Insights from International Equity Markets

Asian Finance Association (AsianFA) 2014 Conference Paper
Number of pages: 57 Posted: 10 Feb 2014 Last Revised: 06 Jan 2015
Lei Sun, Kuo-Chiang (John) Wei and Feixue Xie
School of Finance, Shanghai University of Finance and Economics, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Texas at El Paso - College of Business Administration - Department of Economics and Finance
Downloads 65 (155,551)

Abstract:

Gross profitability, Cross-sectional returns, International equity markets, Q-theory, Mispricing

36.

The Bright Side of Cash Holdings: Innovation Efficiency

27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 58 Posted: 18 Aug 2014 Last Revised: 28 Jan 2016
Zhen Wang, Kuo-Chiang (John) Wei and Wei Zhang
Shanghai University of Finance and Economics, Hong Kong University of Science & Technology (HKUST) - Department of Finance and Shanghai University of Finance and Economics
Downloads 42 (206,859)

Abstract:

Cash holdings; Innovation; Tolerance for failure; Patents; Patent citations

37.

Dissecting Arbitrage Costs

Posted: 24 Sep 2016
F.Y. Eric C. Lam, Chishen Wei and Kuo-Chiang (John) Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Nanyang Technological University (NTU) - Division of Banking & Finance and Hong Kong University of Science & Technology (HKUST) - Department of Finance

Abstract:

arbitrage costs; idiosyncratic volatility; asymmetric information; transaction costs; mispricing

38.

The Q-theory Explanation for the External Financing Effect: New Evidence

Journal of Banking & Finance 49 (2014) 69-81
Posted: 17 Mar 2009 Last Revised: 09 Mar 2016
Yuan Huang, F.Y. Eric C. Lam and Kuo-Chiang (John) Wei
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Hong Kong University of Science & Technology (HKUST) - Department of Finance

Abstract:

Cross-section of stock returns, External financing, Total profitability, q-theory of investment, R&D, Total asset growth

39.

Accruals, Capital Investments, and Stock Returns

Financial Analysts Journal, Vol. 64, No. 5, 2008
Posted: 24 Sep 2008
Kuo-Chiang (John) Wei and Feixue Xie
Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Texas at El Paso - College of Business Administration - Department of Economics and Finance

Abstract:

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

40.

Linear Conditional Expectation, Return Distributions, and Capital Asset Pricing Theories

The Journal of Financial Research
Posted: 20 Aug 1999
Cheng-Few Lee, Kuo-Chiang (John) Wei and Alice C. Lee
Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics, Hong Kong University of Science & Technology (HKUST) - Department of Finance and PriceWaterhouseCoopers LLP - Arlington Office

Abstract: