Chuan-Yang Hwang

Nanyang Technological University (NTU)

Professor

Singapore, 639798

Singapore

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 6,712

SSRN RANKINGS

Top 6,712

in Total Papers Downloads

7,453

SSRN CITATIONS
Rank 9,901

SSRN RANKINGS

Top 9,901

in Total Papers Citations

23

CROSSREF CITATIONS

98

Scholarly Papers (31)

1.

A Resolution of the Distress Risk and Leverage Puzzles in the Cross Section of Stock Returns

Journal of Financial Economics, Vol. 96, pp. 56-79, 2010
Number of pages: 55 Posted: 25 Mar 2008 Last Revised: 06 Jul 2010
Thomas J. George and Chuan-Yang Hwang
University of Houston - Department of Finance and Nanyang Technological University (NTU)
Downloads 1,021 (24,748)
Citation 11

Abstract:

Loading...

2.

Anchoring, the 52-Week High and Post Earnings Announcement Drift

Number of pages: 68 Posted: 07 Feb 2014 Last Revised: 10 Feb 2017
Thomas J. George, Chuan-Yang Hwang and Yuan Li
University of Houston - Department of Finance, Nanyang Technological University (NTU) and Aarhus University - Department of Economics and Business Economics
Downloads 850 (32,160)
Citation 5

Abstract:

Loading...

earnings drift, anchoring, 52-week high, anomalies

3.

Mutual Fund Herding and Dispersion of Analysts' Earnings Forecasts

Number of pages: 41 Posted: 02 Mar 2005
Kalok Chan, Chuan-Yang Hwang and G. Mujtaba Mian
CUHK Business School, Nanyang Technological University (NTU) and Zayed University
Downloads 800 (34,881)
Citation 14

Abstract:

Loading...

herding, forecast dispersion, mutual funds, analysts

Is Information Risk Priced? Evidence from the Price Discovery of Large Trades

AFA 2011 Denver Meetings Paper
Number of pages: 68 Posted: 02 Apr 2010 Last Revised: 20 Sep 2011
Xiaolin Qian and Chuan-Yang Hwang
Eastspring Investment and Nanyang Technological University (NTU)
Downloads 253 (138,883)
Citation 1

Abstract:

Loading...

Information Risk, Large Trade, VECM

Is Information Risk Priced?: Evidence from the Price Discovery of Large Trades

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 68 Posted: 26 Aug 2008 Last Revised: 15 Oct 2010
Chuan-Yang Hwang and Xiaolin Qian
Nanyang Technological University (NTU) and Eastspring Investment
Downloads 202 (172,842)
Citation 1

Abstract:

Loading...

Information Risk, Price Discovery, Trade Size

Is Information Risk Priced? Evidence from the Price Discovery of Large Trades

Number of pages: 66 Posted: 12 Mar 2009
Chuan-Yang Hwang and Xiaolin Qian
Nanyang Technological University (NTU) and Eastspring Investment
Downloads 178 (193,895)
Citation 1

Abstract:

Loading...

Information risk, Price discovery, Trade size

Price Discovery Function of Large Trades and the Cross-Section of Expected Stock Returns

Number of pages: 64 Posted: 07 Oct 2010 Last Revised: 21 Sep 2011
Chuan-Yang Hwang and Xiaolin Qian
Nanyang Technological University (NTU) and Eastspring Investment
Downloads 150 (224,523)

Abstract:

Loading...

Price Discovery, Information Risk, Large Trade, VECM

5.

The Impact of Tick Size on Market Quality: An Empirical Investigation of the Stock Exchange of Hong Kong

Number of pages: 22 Posted: 30 Nov 1998
K.C. Chan and Chuan-Yang Hwang
Hong Kong University of Science & Technology (HKUST) - Department of Finance and Nanyang Technological University (NTU)
Downloads 611 (50,190)
Citation 6

Abstract:

Loading...

6.

The 52-Week High, q Theory and the Cross-Section of Stock Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 24 Sep 2014 Last Revised: 10 Feb 2017
Thomas J. George, Chuan-Yang Hwang and Yuan Li
University of Houston - Department of Finance, Nanyang Technological University (NTU) and Aarhus University - Department of Economics and Business Economics
Downloads 565 (55,401)
Citation 3

Abstract:

Loading...

Anchoring, 52-Week High, Investment, Anomalies, Asset Growth, SEOs

7.

Investor Tastes, Corporate Behavior and Stock Returns: An Analysis of Corporate Social Responsibility

Number of pages: 43 Posted: 17 Feb 2015
Chuan-Yang Hwang, Sheridan Titman and Ying Wang
Nanyang Technological University (NTU), University of Texas at Austin - Department of Finance and Central University of Finance and Economics (CUFE)
Downloads 389 (87,295)
Citation 5

Abstract:

Loading...

Corporate Social Responsibility, institutional ownership

8.

Analyst Coverage and Two Puzzles in the Cross Section of Returns

AFA 2012 Chicago Meetings Paper
Number of pages: 69 Posted: 18 Mar 2011 Last Revised: 04 Feb 2013
Thomas J. George and Chuan-Yang Hwang
University of Houston - Department of Finance and Nanyang Technological University (NTU)
Downloads 332 (104,641)
Citation 6

Abstract:

Loading...

Idiosyncratic Volatility, Turnover Volatility, Disagreement, Mispricing

Sentiment Contagion, Corporate Governance, Information and Legal Environments

Number of pages: 49 Posted: 14 Mar 2009
Yuk Ying (Candie) Chang, Robert W. Faff and Chuan-Yang Hwang
Massey University, University of Queensland and Nanyang Technological University (NTU)
Downloads 168 (203,900)

Abstract:

Loading...

Investor Sentiment, Financial Contagion, Information Environment, Legal Environment, Corporate Governance

Sentiment Contagion, Corporate Governance, Information and Legal Environments

Number of pages: 49 Posted: 03 Mar 2009
Yuk Ying (Candie) Chang, Robert W. Faff and Chuan-Yang Hwang
Massey University, University of Queensland and Nanyang Technological University (NTU)
Downloads 144 (232,050)
Citation 1

Abstract:

Loading...

Investor Sentiment, Financial Contagion, Information Environment, Legal Environment, Corporate Governance

10.

Disclosure Policies of Investment Funds

Quarterly Journal of Finance, Forthcoming
Number of pages: 57 Posted: 09 Aug 2007 Last Revised: 07 Oct 2014
Thomas J. George and Chuan-Yang Hwang
University of Houston - Department of Finance and Nanyang Technological University (NTU)
Downloads 284 (123,704)

Abstract:

Loading...

disclosure, mutual funds, hedge funds, dynamic, information

11.

Local and Global Sentiment Effects, and the Role of Legal, Information and Trading Environments

Number of pages: 50 Posted: 15 Mar 2012
Yuk Ying (Candie) Chang, Robert W. Faff and Chuan-Yang Hwang
Massey University, University of Queensland and Nanyang Technological University (NTU)
Downloads 240 (146,847)
Citation 3

Abstract:

Loading...

Local Sentiment, Global Sentiment, Contagion, Legal Environment, Trading Environment, Information Environment

12.

Information Risk and Momentum Anomalies

Number of pages: 61 Posted: 06 Oct 2010 Last Revised: 20 Sep 2011
Chuan-Yang Hwang and Xiaolin Qian
Nanyang Technological University (NTU) and Eastspring Investment
Downloads 216 (162,394)

Abstract:

Loading...

Information risk, momentum anomalies, idiosyncratic volatility

13.

Are Analysts Whose Forecast Revisions Correlate Less with Prior Stock Price Changes Better Information Producers and Monitors?

AFA 2012 Chicago Meetings Paper
Number of pages: 54 Posted: 15 Mar 2011 Last Revised: 31 Jan 2020
Chuan-Yang Hwang, Yuan Li and Yen H. Tong
Nanyang Technological University (NTU), Aarhus University - Department of Economics and Business Economics and Nanyang Technological University (NTU) - Nanyang Business School
Downloads 191 (182,074)
Citation 4

Abstract:

Loading...

Analysts, Earnings forecasts, Analyst ability, Analysts' private information, Investment sensitivity, Earnings management

14.

Is it Who You Know or What You Know? Evidence from IPO Allocations and Mutual Fund Performance

Number of pages: 49 Posted: 20 Jan 2016 Last Revised: 01 Feb 2016
Chuan-Yang Hwang, Sheridan Titman and Yuxi Wang
Nanyang Technological University (NTU), University of Texas at Austin - Department of Finance and Shanghai Jiao Tong University - Antai College of Economics and Management
Downloads 169 (202,711)
Citation 3

Abstract:

Loading...

Social connection, IPO allocation, mutual fund performance, mutual funds

15.

Analyst Coverage and the Glamour Discount

Number of pages: 30 Posted: 17 Mar 2008 Last Revised: 18 Mar 2009
Chuan-Yang Hwang and Thomas J. George
Nanyang Technological University (NTU) and University of Houston - Department of Finance
Downloads 149 (225,274)

Abstract:

Loading...

analyst coverage, glamour discount

16.

Information Asymmetry and Momentum Anomalies

24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 61 Posted: 21 Aug 2011
Xiaolin Qian and Chuan-Yang Hwang
Eastspring Investment and Nanyang Technological University (NTU)
Downloads 146 (229,013)

Abstract:

Loading...

Information Asymmetry, Price Discovery, Momentum Anomalies

17.

Local and Global Sentiment Effects, and the Role of Legal, Trading and Information Environments

Number of pages: 50 Posted: 02 Apr 2011 Last Revised: 19 Mar 2012
Yuk Ying (Candie) Chang, Robert W. Faff and Chuan-Yang Hwang
Massey University, University of Queensland and Nanyang Technological University (NTU)
Downloads 101 (300,812)

Abstract:

Loading...

Local Sentiment, Global Sentiment, Contagion, Legal Environment, Trading Environment, Information Environment

18.

Analysts’ Reputational Concerns, Self-censoring and the International Dispersion Effect

Management Science Forthcoming
Number of pages: 36 Posted: 02 Jul 2012 Last Revised: 14 Feb 2017
Chuan-Yang Hwang and Yuan Li
Nanyang Technological University (NTU) and Aarhus University - Department of Economics and Business Economics
Downloads 83 (340,457)

Abstract:

Loading...

analysts’ incentives; analysts’ reputational concerns; self-censoring; the dispersion effect; international markets

19.

Bootstrap Refinements in Tests of Microstructure Frictions

Review of Quantitative Finance and Accounting, Vol. 35, pp. 47-79, 2010
Number of pages: 34 Posted: 10 Mar 2008 Last Revised: 06 Jul 2010
Thomas J. George, Chuan-Yang Hwang and Tavy Ronen
University of Houston - Department of Finance, Nanyang Technological University (NTU) and Rutgers Business School -Newark and New Brunswick, Department of Finance & Economics
Downloads 77 (355,770)

Abstract:

Loading...

bootstrap, microstructure, variance ratios

20.

What Happens After a Fund Family Begins to Offer ETFs?

Number of pages: 49 Posted: 10 Apr 2020
National Chengchi University (NCCU), National Chengchi University, Nanyang Technological University (NTU) and HSBC Global Asset Management
Downloads 59 (409,639)

Abstract:

Loading...

ETFs, brand name, mutual fund performance, fund flow-performance sensitivity

21.

Industry Knowledge and School Tie Spillover

Number of pages: 53 Posted: 25 Mar 2020
National Chengchi University, Nanyang Technological University (NTU), National Chengchi University (NCCU) - Department of Finance and HSBC Global Asset Management
Downloads 31 (526,142)

Abstract:

Loading...

Financial Analysts, School Ties, Industry Information, Forecast Accuracy, Analyst Recommendations, Regulation Fair Disclosure

22.

Analysts’ Reputational Concerns, Self-Censoring and the International Dispersion Effect

Number of pages: 36 Posted: 06 Jan 2017
Chuan-Yang Hwang and Yuan Li
Nanyang Technological University (NTU) and Loughborough University
Downloads 29 (537,022)
Citation 4

Abstract:

Loading...

analysts’ incentives; analysts’ reputational concerns; self-censoring; the dispersion effect; international markets

23.

Float, Speculation, and Stock Price: Evidence from the Share Structure Reform in China

The Singapore Economic Review, Vol. 63, No. 3 (2018) 701–729., Asian Finance Association (AsFA) 2013 Conference
Number of pages: 40 Posted: 22 Jan 2013 Last Revised: 28 Oct 2020
Chuan-Yang Hwang, Shaojun Zhang and Yanjian Zhu
Nanyang Technological University (NTU), Hong Kong Polytechnic University and Zhejiang University
Downloads 15 (626,668)

Abstract:

Loading...

Bubble, Float, Heterogeneous beliefs, Split Share Structure Reform in China, Speculative trading

24.

Voluntary Disclosure and Corporate Innovation

Posted: 16 Jan 2019
National Chengchi University, National Taiwan Normal University, Nanyang Technological University (NTU) and National Taiwan University - Department of Finance

Abstract:

Loading...

Innovation; Patent; Voluntary Disclosure; SOX

25.

Signalling and the Pricing of New Issues

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Mark Grinblatt and Chuan-Yang Hwang
University of California, Los Angeles (UCLA) - Finance Area and Nanyang Technological University (NTU)

Abstract:

Loading...

Signaling, Startups, Initial public offerings (IPO), Stock offerings, Underpricing, Valuation, Market value, Prices, Shareholders, Information asymmetry

26.

Long-Term Reversals: Overreaction or Taxes?

Journal of Finance, Vol. 62, No. 6, pp. 2865-2896, 2007
Posted: 10 Mar 2008
Chuan-Yang Hwang and Thomas J. George
Nanyang Technological University (NTU) and University of Houston - Department of Finance

Abstract:

Loading...

Reversals, overreaction, contrarian

27.

The 52-Week High and Momentum Investing

Journal of Finance, Vol. 59, No. 5, pp. 2145-2176
Posted: 10 Mar 2008
Chuan-Yang Hwang and Thomas J. George
Nanyang Technological University (NTU) and University of Houston - Department of Finance

Abstract:

Loading...

52-week high, momentum, return prediction

28.

Endogenous Market Statistics and Security Pricing: An Empirical Investigation

Journal of Financial Markets, Vol. 1, pp. 285-319, 1998
Posted: 09 Mar 2008
Chuan-Yang Hwang and Thomas J. George
Nanyang Technological University (NTU) and University of Houston - Department of Finance

Abstract:

Loading...

29.

Information Flow and Pricing Errors: A Unified Approach to Estimation and Testing

Review of Financial Studies, Vol. 14, pp. 979-1020, 2001
Posted: 13 Sep 2001 Last Revised: 06 Jul 2010
Chuan-Yang Hwang and Thomas J. George
Nanyang Technological University (NTU) and University of Houston - Department of Finance

Abstract:

Loading...

30.

Transitory Price Changes and Price-Limit Rules: Evidence from the Tokyo Stock Exchange

Journal of Financial and Quantitative Analysis (JFQA), Vol. 30, No. 2, June 1995
Posted: 10 Oct 1998 Last Revised: 12 Mar 2008
Thomas J. George and Chuan-Yang Hwang
University of Houston - Department of Finance and Nanyang Technological University (NTU)

Abstract:

Loading...

31.

Underwriter Analyst Recommendations: Conflict of Interest or Rush to Judgement

Posted: 25 Mar 1997
Craig G. Dunbar, Chuan-Yang Hwang and Kuldeep Shastri
Ivey Business School, Western University, Nanyang Technological University (NTU) and University of Pittsburgh - Finance Group

Abstract:

Loading...

Other Papers (1)

Total Downloads: 0
1.

What Explains the Dispersion Effect? Evidence from Exogenous Variation in Institutional Ownership

Posted: 25 Jan 2018 Last Revised: 18 Jan 2020
Chuan-Yang Hwang, Kit Pong Wong and Long Yi
Nanyang Technological University (NTU), University of Hong Kong and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

Abstract:

Loading...

Dispersion Effect, Analyst Self-Censoring, Short-Sale Constraint, Russell Index, Endogeneity