Zheng Wang

City University of Hong Kong (CityU) - Department of Economics & Finance

83 Tat Chee Avenue

Kowloon

Hong Kong

SCHOLARLY PAPERS

9

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SSRN CITATIONS
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Top 14,070

in Total Papers Citations

10

CROSSREF CITATIONS

87

Scholarly Papers (9)

Equity Financing in a Myers-Majluf Framework with Private Benefits of Control

Journal of Corporate Finance 11 (2005) 915– 945
Number of pages: 47 Posted: 05 May 2004 Last Revised: 26 Aug 2012
Xueping Wu and Zheng Wang
City University of Hong Kong (CityU) - Department of Economics & Finance and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 805 (52,772)
Citation 1

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Equity financing, Private benefits of control, Underinvestment, Overinvestment, Announcement effect

Equity Financing in a Myers-Majluf Framework with Private Benefits of Control

Number of pages: 47 Posted: 08 Dec 2004
Xueping Wu and Zheng Wang
City University of Hong Kong (CityU) - Department of Economics & Finance and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 422 (118,941)
Citation 5

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Equity financing, Private benefits of control, Underinvestment, Overinvestment, Announcement effect

2.

An Adverse-Selection Model of Equity Financing with Private Benefits of Control

Number of pages: 42 Posted: 05 Sep 2001
Xueping Wu and Zheng Wang
City University of Hong Kong (CityU) - Department of Economics & Finance and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 553 (86,719)

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Equity Financing, Adverse Selection, Private Benefits of Control, Under- and Over-investment, Announcement Effect

3.

Ownership Concentration, Asymmetric Information, and the Positive Announcement Effect of New Equity Placements

Number of pages: 48 Posted: 11 Mar 2002
Xueping Wu and Zheng Wang
City University of Hong Kong (CityU) - Department of Economics & Finance and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 544 (88,508)
Citation 3

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Equity Placement, Announcement Effect, Asymmetric Information, Investment Opportunities, Ownership Structure

4.

Why Do Firms Choose Value-Destroying Rights Offerings? Theory and Evidence from Hong Kong

Number of pages: 52 Posted: 21 Mar 2002
Xueping Wu and Zheng Wang
City University of Hong Kong (CityU) - Department of Economics & Finance and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 493 (99,937)
Citation 10

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Flotation Method, Rights Offering, Announcement Effect, Signaling, Private Benefits of Control, Control Value

5.

Subsequent Excess Returns after Loss Warning Announcement in China's Stock Market

Number of pages: 26 Posted: 05 May 2002
Li Liu, Zheng Wang and Zheng Zhang
Peking University - Department of Accounting, City University of Hong Kong (CityU) - Department of Economics & Finance and Peking University - Department of Applied Economics
Downloads 378 (136,178)
Citation 3

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announcement effects, loss warning, underreaction, overreaction

6.

Private Benefits of Control and the Choice of Seasoned Equity Flotation Method

Number of pages: 47 Posted: 18 Mar 2005
Xueping Wu and Zheng Wang
City University of Hong Kong (CityU) - Department of Economics & Finance and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 331 (157,274)
Citation 6

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Private Benefits, Control, Asymmetric information, Flotation Method, Rights Offer, SEO

7.

Seasoned Equity Issues and Ownership Concentration in a Closely Held Market: An Alignment Effect Test Free from the Unobserved Firm Heterogeneity Problem

Number of pages: 37 Posted: 09 Mar 2005
Xueping Wu and Zheng Wang
City University of Hong Kong (CityU) - Department of Economics & Finance and City University of Hong Kong (CityU) - Department of Economics & Finance
Downloads 269 (195,228)
Citation 8

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Insider Ownership, Private Benefits, Unobserved Firm Heterogeneity, SEO Flotation Method

A Rent Protection Explanation for SEO Flotation Method Choice

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 58 Posted: 10 Sep 2014
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityU) - Department of Economics & Finance, City University of Hong Kong (CityU) - Department of Economics & Finance and Hong Kong Polytechnic University
Downloads 78 (531,146)
Citation 4

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Rights Issue, SEO, Flotation Method Choice, Private Benefits of Control, Rent Protection

A Rent Protection Explanation for SEO Flotation Method Choice

Number of pages: 58 Posted: 22 Jun 2014
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityU) - Department of Economics & Finance, City University of Hong Kong (CityU) - Department of Economics & Finance and Hong Kong Polytechnic University
Downloads 59 (619,450)
Citation 2

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Rights Issue, SEO, Flotation Method Choice, Private Benefits of Control, Rent Protection

A Rent-Protection Explanation for SEO Flotation-Method Choice

Journal of Financial and Quantitative Analysis (JFQA), Vol. 51, No. 3, 2016
Posted: 30 Aug 2016
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityU) - Department of Economics & Finance, City University of Hong Kong (CityU) - Department of Economics & Finance and Hong Kong Polytechnic University

Abstract:

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9.

Understanding the Positive Announcement Effects of Private Equity Placements: New Insights from Hong Kong Data

Review of Finance, Vol. 9, No. 3, pp. 385-414, September 2005
Posted: 29 Sep 2005
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityU) - Department of Economics & Finance, City University of Hong Kong (CityU) - Department of Economics & Finance and Deakin University

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SEO, placement, ownership structure, asymmetric information, growth