Guohao Tang

Hunan University - College of Finance and Statistics

Associate Professor of Finance

Lushan Road (S), Yuelu District

Changsha, Hunan 410006

China

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 7,815

SSRN RANKINGS

Top 7,815

in Total Papers Downloads

12,239

TOTAL CITATIONS
Rank 11,623

SSRN RANKINGS

Top 11,623

in Total Papers Citations

128

Ideas:
“  I am working on empirical asset pricing, cross-sectional returns, and Chinese stock market.  ”

Scholarly Papers (20)

1.

Investor Attention and Stock Returns

Number of pages: 52 Posted: 26 Jun 2018 Last Revised: 24 Aug 2020
Jian Chen, Guohao Tang, Jiaquan Yao and Guofu Zhou
Xiamen University - School of Economics, Hunan University - College of Finance and Statistics, Jinan University - Management School and Washington University in St. Louis - John M. Olin Business School
Downloads 3,781 (6,449)
Citation 88

Abstract:

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Investor Attention, Stock Return Predictability, Partial Least Square (PLS), Principal Component Analysis (PCA), Out-of-sample Forecast

2.

ChatGPT and Deepseek: Can They Predict the Stock Market and Macroeconomy?

Olin Business School Center for Finance & Accounting Research Paper No. 2023/18
Number of pages: 79 Posted: 20 Dec 2023 Last Revised: 30 Apr 2025
Jian Chen, Guohao Tang, Guofu Zhou and Wu Zhu
Xiamen University - School of Economics, Hunan University - College of Finance and Statistics, Washington University in St. Louis - John M. Olin Business School and Tsinghua University - School of Economics & Management
Downloads 2,829 (10,159)
Citation 7

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LLMs, ChatGPT, DeepSeek, Textual Analysis, Return Predictability

3.
Downloads 1,352 (32,320)
Citation 8

Employee Sentiment and Stock Returns

Journal of Economic Dynamics and Control, 2023
Number of pages: 53 Posted: 22 Jun 2020 Last Revised: 09 Mar 2023
Jian Chen, Guohao Tang, Jiaquan Yao and Guofu Zhou
Xiamen University - School of Economics, Hunan University - College of Finance and Statistics, Jinan University - Management School and Washington University in St. Louis - John M. Olin Business School
Downloads 1,181 (38,790)
Citation 8

Abstract:

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Employee Sentiment, Glassdoor, Return Predictability, Extrapolative Expectation

Employee Sentiment and Stock Returns

Number of pages: 55 Posted: 18 Oct 2022
Jian Chen, Guohao Tang, Jiaquan Yao and Guofu Zhou
Xiamen University - School of Economics, Hunan University - College of Finance and Statistics, Jinan University and Washington University in St. Louis - John M. Olin Business School
Downloads 171 (379,055)

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Employee Sentiment, Glassdoor, Return Predictability, Extrapolative Expectation

4.

Q-Theory, Mispricing, and Profitability Premium: Evidence from China

Asian Finance Association (AsianFA) 2017 Conference
Number of pages: 54 Posted: 04 Aug 2015 Last Revised: 17 Jan 2017
Fuwei Jiang, Xinlin Qi and Guohao Tang
Xiamen University, Industrial and Commercial Bank of China (ICBC), Global Market Dept. and Hunan University - College of Finance and Statistics
Downloads 628 (92,789)
Citation 21

Abstract:

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Profitability premium, Chinese stock market, Investment frictions, Q-theory, Mispricing

5.

A New Firm-level Investor Sentiment

Number of pages: 55 Posted: 28 Sep 2022 Last Revised: 22 Apr 2024
Guohao Tang, Yiyong Wu and Fuwei Jiang
Hunan University - College of Finance and Statistics, Hunan University - College of Finance and Statistics and Xiamen University
Downloads 482 (129,051)

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Firm-Level Sentiment, Speculative demand, Noise Trader

6.

Global Mispricing Matters

Number of pages: 76 Posted: 10 Mar 2023 Last Revised: 17 Apr 2023
Fuwei Jiang, Hongkui Liu, Guohao Tang and Jiasheng Yu
Xiamen University, Chinese Academy of Social Sciences (CASS) - Institute of Economics, Hunan University - College of Finance and Statistics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 413 (154,911)

Abstract:

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Long-short anomaly portfolio return, International stock markets, Return predictability, Global mispricing, Sentiment

7.

Taming the Global Factor Zoo *

Number of pages: 56 Posted: 13 Dec 2024
Jian Chen, Yufeng Han, Guohao Tang and Yifeng Zhu
Xiamen University - School of Economics, University of North Carolina (UNC) at Charlotte - Finance, Hunan University - College of Finance and Statistics and School of Finance, Central University of Finance and Economics
Downloads 382 (169,610)

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JEL classifications: G12, G14 Global Factor Models, Machine Learning, International Asset Pricing, Anomalies

8.

Intangible Assets Aligned: In Search of Return Predictability

Number of pages: 90 Posted: 29 Sep 2020 Last Revised: 12 Jun 2023
Cunfei Liao, Fuwei Jiang, Fujing Jin and Guohao Tang
Nanjing University of Science and Technology - School of Economics and Management, Xiamen University, Beijing Jiaotong University, School of Economics and Management and Hunan University - College of Finance and Statistics
Downloads 374 (173,211)

Abstract:

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Intangible assets, I-SCORE, Partial least squares, Risk-based theory, Sentiment

9.

Firm Characteristics and Chinese Stocks

Number of pages: 41 Posted: 19 Jul 2018
Fuwei Jiang, Guohao Tang and Guofu Zhou
Xiamen University, Hunan University - College of Finance and Statistics and Washington University in St. Louis - John M. Olin Business School
Downloads 328 (200,009)
Citation 2

Abstract:

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Partial Least Square, Firm Characteristics, Systematic Factor, Chinese Stock Market

10.

Firm-level Investor Sentiment and Stock Returns *

Number of pages: 54 Posted: 07 Nov 2024
Yiyong Wu, Guohao Tang, Wentao Guo and Fuwei Jiang
Hunan University - College of Finance and Statistics, Hunan University - College of Finance and Statistics, Central University of Finance and Economics (CUFE) - Center for China Fiscal Development and Xiamen University
Downloads 252 (263,417)

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Firm-Level Sentiment, Speculative demand, Noise Trader

11.

Does U.S. Academic Research Destroy the Predictability of Global Stock Returns?

Number of pages: 48 Posted: 16 Jan 2024
Guohao Tang, Yuwei Xie and Lin Zhu
Hunan University - College of Finance and Statistics, Hunan University - School of Finance and Statistics and Guangdong University of Finance & Economics
Downloads 231 (287,130)

Abstract:

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Anomalies; Global stock markets; Publication effect; Mispricing

12.

From Macro to Micro: Sparse Macroeconomic Risks and the Cross-section of Stock Returns

Number of pages: 60 Posted: 13 May 2023 Last Revised: 22 Apr 2024
Lin Zhu, Fuwei Jiang, Guohao Tang and Fujing Jin
Guangdong University of Finance & Economics, Xiamen University, Hunan University - College of Finance and Statistics and Beijing Jiaotong University, School of Economics and Management
Downloads 207 (318,855)

Abstract:

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Sparse Macroeconomic Risks; Cross-sectional stock returns; Sparse PCA; Mispricing

13.

Smart Money or Chasing Stars: Evidence from Northbound Trading in China

Number of pages: 54 Posted: 05 May 2022 Last Revised: 31 Oct 2022
Nanjing University of Science and Technology - School of Economics and Management, Hunan University - College of Finance and Statistics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 155 (413,112)

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Abnormal holding value ratio, Stock Connect Mechanism, Chinese Stock Market, Firm Quality

14.

Extrapolation beyond Peers: An Asset Pricing Perspective

Number of pages: 47 Posted: 15 Oct 2022 Last Revised: 14 Jul 2023
Guohao Tang, Yiyong Wu and Guanyu Lou
Hunan University - College of Finance and Statistics, Hunan University - College of Finance and Statistics and Hunan University - School of Finance and Statistics
Downloads 153 (417,655)
Citation 1

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Biased belief, Market Beta, Industry Beta, Extrapolative Expectation

15.

Media Abnormal Tone and Cross-Section of Stock Returns: Evidence from China

Accounting and Finance, forthcoming
Number of pages: 46 Posted: 20 Oct 2022 Last Revised: 27 Mar 2024
Lu Yan, Yong Ma, Chang-Shuai Li and Guohao Tang
Hunan University - School of Finance and Statistics, Hunan University - School of Finance and Statistics, Hunan University - School of Finance and Statistics and Hunan University - College of Finance and Statistics
Downloads 147 (431,580)

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Media abnormal tone, Mispricing, Firm abnormal performance, Overreaction, Media following suit

16.
Downloads 132 (473,748)

Macro Tail Risk and Stock Returns

Number of pages: 50 Posted: 09 Jan 2025
Jian Chen, Xiaowei Li, Yangshu Liu and Guohao Tang
Xiamen University - School of Economics, Wenzhou Business College, Xiamen University - School of Management and Hunan University - College of Finance and Statistics
Downloads 94 (615,453)

Abstract:

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Macro Tail Risk, Return Predictability, Out-of-sample, Partial Least Squares (PLS)

Macro Tail Risk and Stock Returns

Number of pages: 57 Posted: 08 Apr 2025
Jian Chen, Xiaowei Li, Yangshu Liu and Guohao Tang
Xiamen University - School of Economics, Wenzhou Business College, Xiamen University - School of Management and Hunan University - College of Finance and Statistics
Downloads 38 (986,044)

Abstract:

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Macro Tail Risk, Return Predictability, Out-Of-Sample, Partial Least Squares (PLS)

17.

Aggregate Liquidity Premium and Cross-Sectional Returns: Evidence from China

Economic Modelling, Vol. 104, 2021
Number of pages: 43 Posted: 12 Nov 2020 Last Revised: 21 Sep 2021
Cunfei Liao, Qianlin Luo and Guohao Tang
Nanjing University of Science and Technology - School of Economics and Management, affiliation not provided to SSRN and Hunan University - College of Finance and Statistics
Downloads 112 (534,642)
Citation 1

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Aggregate Liquidity Premium, Information Aggregation, Partial Least Squares, Mispricing, New-Factor Model

18.

Does Generative AI Impact Stock Price Crash Risk? Evidence from China

Number of pages: 17 Posted: 08 Oct 2024
Yiyong Wu, Min Tian and Guohao Tang
Hunan University - College of Finance and Statistics, Hunan University of Technology and Business and Hunan University - College of Finance and Statistics
Downloads 105 (560,976)

Abstract:

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LLMs, Stock price crash, Chinese financial market, Generative artificial intelligence

19.

Price Limits and Overreacted Trading: Evidence from China

Number of pages: 37 Posted: 24 Dec 2022 Last Revised: 15 Nov 2024
ZhaoXiang Zeng and Guohao Tang
Hunan University and Hunan University - College of Finance and Statistics
Downloads 101 (577,033)

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Price Limits Hitting Effect, Investor Attention, Overreacted Trading

20.

Does Generative Ai Impact Stock Price Crash Risk? Evidence from China

Number of pages: 19 Posted: 19 Sep 2024
Yiyong Wu, Min Tian and Guohao Tang
Hunan University, Hunan University of Technology and Business and Hunan University - College of Finance and Statistics
Downloads 75 (697,646)

Abstract:

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Generative artificial intelligence, LLMs, Stock price crash, Chinese financial market