Ashley Wang

Federal Reserve Board

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

12

DOWNLOADS
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Top 5,749

in Total Papers Downloads

6,270

CITATIONS
Rank 3,509

SSRN RANKINGS

Top 3,509

in Total Papers Citations

155

Scholarly Papers (12)

1.

Intertemporal Capital Asset Pricing and the Fama-French Three-Factor Model

University of Pennsylvania Working Paper
Number of pages: 55 Posted: 17 Aug 2001
Michael J. Brennan, Ashley Wang and Yihong Xia
University of California, Los Angeles (UCLA) - Finance Area, Federal Reserve Board and University of California, Los Angeles (Deceased)
Downloads 1,704 (6,626)
Citation 12

Abstract:

Intertemporal capital asset pricing model, Fama-French three factor model, stochastic investment opportunity set, time-varying Sharpe ratio, time-varying risk premia

2.

The Road Less Traveled: Strategy Distinctiveness and Hedge Fund Performance

AFA 2010 Atlanta Meetings Paper
Number of pages: 68 Posted: 04 Feb 2009 Last Revised: 09 Apr 2011
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Federal Reserve Board and University of California, Irvine - Paul Merage School of Business
Downloads 859 (19,188)
Citation 24

Abstract:

Strategy Distinctiveness, Hedge Fund

3.

Estimation and Test of a Simple Model of Intertemporal Capital Asset Pricing

AFA 2003 Washington, DC Meetings; 5th Annual Texas Finance Festival
Number of pages: 62 Posted: 13 Oct 2002
Michael J. Brennan, Ashley Wang and Yihong Xia
University of California, Los Angeles (UCLA) - Finance Area, Federal Reserve Board and University of California, Los Angeles (Deceased)
Downloads 609 (32,694)
Citation 88

Abstract:

4.

Asset Pricing and Mispricing

Number of pages: 44 Posted: 10 Jul 2006
Michael J. Brennan and Ashley Wang
University of California, Los Angeles (UCLA) - Finance Area and Federal Reserve Board
Downloads 522 (41,512)
Citation 3

Abstract:

Only Winners in Tough Times Repeat: Hedge Fund Performance Persistence over Different Market Conditions

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 41 Posted: 13 Apr 2013 Last Revised: 10 Nov 2016
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Federal Reserve Board and University of California, Irvine - Paul Merage School of Business
Downloads 294 (85,960)

Abstract:

Hedge funds, Conditional performance, Performance persistence

Only Winners in Tough Times Repeat: Hedge Fund Performance Persistence Over Different Market Conditions

FEDS Working Paper No. 2016-030
Number of pages: 42 Posted: 20 Apr 2016
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Federal Reserve Board and University of California, Irvine - Paul Merage School of Business
Downloads 82 (259,399)

Abstract:

Conditional performance, Hedge funds, Performance Persistence

6.

The Mispricing Return Premium

Number of pages: 43 Posted: 19 Aug 2008 Last Revised: 19 Feb 2009
Michael J. Brennan and Ashley Wang
University of California, Los Angeles (UCLA) - Finance Area and Federal Reserve Board
Downloads 360 (65,187)
Citation 11

Abstract:

Jensen's Inequality, Asset Pricing Test

7.

Aggregate Hedge Fund Flows and Asset Returns

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 37 Posted: 20 Aug 2008 Last Revised: 16 Sep 2009
Ashley Wang and Lu Zheng
Federal Reserve Board and University of California, Irvine - Paul Merage School of Business
Downloads 356 (61,168)
Citation 10

Abstract:

Hedge Fund Flow, Hedge Fund Performance

8.

Institutional Ownership and Credit Spreads: An Information Asymmetry Perspective

Journal of Empirical Finance, Vol. 16, 2009
Number of pages: 34 Posted: 22 Mar 2007 Last Revised: 02 Nov 2009
Ashley Wang and Gaiyan Zhang
Federal Reserve Board and University of Missouri at St. Louis - College of Business Administration
Downloads 315 (75,584)
Citation 5

Abstract:

Institutional ownership, credit spreads, information asymmetry, corporate governance

9.

Institutional Equity Investment, Asymmetric Information and Credit Spreads

Number of pages: 42 Posted: 30 Jun 2006
Ashley Wang and Gaiyan Zhang
Federal Reserve Board and University of Missouri at Saint Louis - College of Business Administration
Downloads 281 (86,440)
Citation 1

Abstract:

Credit Spread, Institutional Equity Ownership, Information Asymmetry

10.

Institutional Investor Preferences for Analyst Forecast Accuracy: Does Investment Strategy Matter?

CAAA Annual Conference 2011
Number of pages: 43 Posted: 17 Jan 2011
University of Cincinnati - Department of Accounting, University of Missouri at Saint Louis, University of Missouri at St. Louis - College of Business Administration and Federal Reserve Board
Downloads 175 (119,841)
Citation 1

Abstract:

11.

The Help that May Hurt: On the Link between Institutional Ownership and Cost of Debt Capital

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 34 Posted: 19 Aug 2008 Last Revised: 09 Nov 2008
Ashley Wang and Gaiyan Zhang
Federal Reserve Board and University of Missouri at Saint Louis - College of Business Administration
Downloads 123 (188,722)

Abstract:

Cost of Debt, Institutional Equity Ownership, Information Asymmetry

12.

Dynamic Liquidity Management by Corporate Bond Mutual Funds

Number of pages: 41 Posted: 08 May 2016
Hao Jiang, Dan Li and Ashley Wang
Michigan State University, Federal Reserve Board and Federal Reserve Board
Downloads 0 (138,103)

Abstract:

Liquidity, Mutual funds, Asset Managers, Corporate Bond Funds, Run risks