Ashley Wang

Federal Reserve Board

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Federal Reserve Board

SCHOLARLY PAPERS

13

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7,565

SSRN CITATIONS
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Top 7,557

in Total Papers Citations

102

CROSSREF CITATIONS

58

Scholarly Papers (13)

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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 1,961 (8,686)
Citation 20

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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 1,069 (22,365)
Citation 42

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Strategy Distinctiveness, Hedge Fund

3.

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

Downloads 731 ( 38,219)
Citation 1

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: 47 Posted: 13 Apr 2013 Last Revised: 04 Oct 2018
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 594 (49,755)
Citation 1

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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 137 (235,235)

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Conditional performance, Hedge funds, Performance Persistence

4.

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

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 666 (43,366)
Citation 70

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5.

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 583 (51,646)
Citation 9

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6.

Dynamic Liquidity Management by Corporate Bond Mutual Funds

Number of pages: 42 Posted: 08 May 2016 Last Revised: 30 Oct 2017
Hao Jiang, Dan Li and Ashley Wang
Michigan State University, Federal Reserve Board and Federal Reserve Board
Downloads 558 (54,532)
Citation 19

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

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 450 (71,330)
Citation 3

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Hedge Fund Flow, Hedge Fund Performance

8.

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 398 (82,447)
Citation 6

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Jensen's Inequality, Asset Pricing Test

9.

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 357 (93,489)
Citation 3

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Institutional ownership, credit spreads, information asymmetry, corporate governance

10.

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 315 (107,622)
Citation 3

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Credit Spread, Institutional Equity Ownership, Information Asymmetry

11.

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

CAAA Annual Conference 2011
Number of pages: 43 Posted: 17 Jan 2011
Natalia M. Mintchik, Pamela S. Stuerke, Gaiyan Zhang and Ashley Wang
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 245 (139,999)
Citation 1

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12.

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 138 (233,192)

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Cost of Debt, Institutional Equity Ownership, Information Asymmetry

13.

Does Mutual Fund Illiquidity Introduce Fragility into Asset Prices? Evidence from the Corporate Bond Market

Number of pages: 60 Posted: 31 Dec 2019 Last Revised: 03 Sep 2020
Hao Jiang, Yi Li, Zheng Sun and Ashley Wang
Michigan State University, Federal Reserve Board, University of California, Irvine - Paul Merage School of Business and Federal Reserve Board
Downloads 94 (309,081)
Citation 3

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Corporate bond mutual fund, liquidity transformation, fragility, volatility