Chuan-Yang Hwang

Nanyang Technological University (NTU)

Professor

Singapore, 639798

Singapore

SCHOLARLY PAPERS

27

DOWNLOADS
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Top 6,171

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5,897

CITATIONS
Rank 7,426

SSRN RANKINGS

Top 7,426

in Total Papers Citations

64

Scholarly Papers (27)

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 873 (21,539)
Citation 41

Abstract:

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
University of Macau and Nanyang Technological University (NTU)
Downloads 239 (107,290)
Citation 3

Abstract:

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 University of Macau
Downloads 194 (131,730)
Citation 3

Abstract:

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 University of Macau
Downloads 166 (152,064)
Citation 3

Abstract:

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 University of Macau
Downloads 138 (178,041)
Citation 3

Abstract:

Price Discovery, Information Risk, Large Trade, VECM

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 702 (27,290)
Citation 7

Abstract:

herding, forecast dispersion, mutual funds, analysts

4.

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 560 (37,592)
Citation 3

Abstract:

5.

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 278 (83,388)
Citation 1

Abstract:

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 143 (172,947)

Abstract:

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 130 (186,827)

Abstract:

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

7.

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 228 (100,247)
Citation 3

Abstract:

disclosure, mutual funds, hedge funds, dynamic, information

8.

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 University of Cambridge - Judge Business School
Downloads 201 (55,862)

Abstract:

earnings drift, anchoring, 52-week high, anomalies

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

Asian Finance Association (AsianFA) 2016 Conference
Number of pages: 45 Posted: 22 Aug 2015 Last Revised: 30 Jan 2016
Chuan-Yang Hwang, Sheridan Titman and Yuxi Wang
Nanyang Technological University (NTU), University of Texas at Austin - Department of Finance and Nanyang Technological University (NTU)
Downloads 88 (247,799)

Abstract:

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

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 Nanyang Technological University (NTU)
Downloads 88 (247,799)

Abstract:

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

10.

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: 04 Oct 2011
Chuan-Yang Hwang, Yuan Li and Yen H. Tong
Nanyang Technological University (NTU), University of Cambridge - Judge Business School and Nanyang Technological University (NTU) - Nanyang Business School
Downloads 167 (151,221)
Citation 1

Abstract:

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

11.

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 University of Macau
Downloads 162 (133,205)
Citation 1

Abstract:

Information risk, momentum anomalies, idiosyncratic volatility

12.

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 124 (178,578)

Abstract:

analyst coverage, glamour discount

13.

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 118 (152,002)

Abstract:

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

14.

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 117 (99,843)

Abstract:

Corporate Social Responsibility, institutional ownership

15.

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
University of Macau and Nanyang Technological University (NTU)
Downloads 115 (183,935)
Citation 1

Abstract:

Information Asymmetry, Price Discovery, Momentum Anomalies

16.

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 University of Cambridge - Judge Business School
Downloads 106 (110,096)

Abstract:

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

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 75 (251,275)

Abstract:

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

18.

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 University, Newark - School of Business - Department of Finance & Economics
Downloads 72 (273,059)
Citation 1

Abstract:

bootstrap, microstructure, variance ratios

19.

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 University of Cambridge - Judge Business School
Downloads 54 (290,850)

Abstract:

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

20.

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 0 (472,605)

Abstract:

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

21.

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:

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

22.

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:

52-week high, momentum, return prediction

23.

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:

Reversals, overreaction, contrarian

24.

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:

25.

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:

26.

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:

27.

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: