Bing Han

University of Toronto, Rotman School of Management

Professor of Finance

Toronto, Ontario M5S 3E6

Canada

SCHOLARLY PAPERS

38

DOWNLOADS
Rank 1,138

SSRN RANKINGS

Top 1,138

in Total Papers Downloads

28,455

SSRN CITATIONS
Rank 3,015

SSRN RANKINGS

Top 3,015

in Total Papers Citations

299

CROSSREF CITATIONS

139

Scholarly Papers (38)

1.

Prospect Theory, Mental Accounting, and Momentum

Number of pages: 38 Posted: 09 Nov 2001
Bing Han and Mark Grinblatt
University of Toronto, Rotman School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 5,710 (1,565)
Citation 75

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prospect theory, mental accounting, disposition effect, momentum

2.

Option Return Predictability

Review of Financial Studies accepted, 27th Annual Conference on Financial Economics and Accounting Paper, Rotman School of Management Working Paper No. 2698267
Number of pages: 80 Posted: 06 Dec 2015 Last Revised: 15 Mar 2021
Jie Cao, Bing Han, Xintong Zhan and Qing Tong
The Chinese University of Hong Kong (CUHK) - CUHK Business School, University of Toronto, Rotman School of Management, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Shanghai LiLi Technology Co.,Ltd.
Downloads 2,517 (6,375)
Citation 15

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Cross-section of equity options; delta-hedged options; return predictability; stock characteristics; option factor model

3.

Cross-Section of Option Returns and Idiosyncratic Stock Volatility

AFA 2012 Chicago Meetings Paper, Journal of Financial Economics (JFE), Vol. 108, No. 1, 2013, McCombs Research Paper Series No. FIN-15-09
Number of pages: 48 Posted: 17 Mar 2011 Last Revised: 27 Nov 2016
Jie Cao and Bing Han
The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Toronto, Rotman School of Management
Downloads 2,370 (7,032)
Citation 16

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Option return; Idiosyncratic volatility; Market imperfections; Limits to arbitrage

4.

Term Structure of Credit Default Swap Spreads and Cross-Section of Stock Returns

McCombs Research Paper Series No. FIN-01-11, AFA 2012 Chicago Meetings Paper
Number of pages: 43 Posted: 07 Jan 2011 Last Revised: 18 Jun 2011
Bing Han and Yi Zhou
University of Toronto, Rotman School of Management and San Francisco State University
Downloads 1,506 (14,546)
Citation 17

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credit default swap, term structure, cross-section of stock return, default risk premium, slow information diffusion

5.
Downloads 1,326 ( 17,743)

Investor Sentiment and Option Prices

Dice Center Working Paper No. 2004-2, AFA 2006 Boston Meetings
Number of pages: 34 Posted: 19 Mar 2005
Bing Han
University of Toronto, Rotman School of Management
Downloads 1,326 (17,417)
Citation 25

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sentiment, pricing kernel, skewness, limits to arbitrage, index option smile

Investor Sentiment and Option Prices

The Review of Financial Studies, Vol. 21, No. 1, pp. 387-414, 2008
Posted: 26 Jun 2008
Bing Han
University of Toronto, Rotman School of Management

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G12, G13, G14

6.

Aggregate Implied Volatility Spread and Stock Market Returns

Rotman School of Management Working Paper No. 3047528, Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 59 Posted: 04 Oct 2017 Last Revised: 28 Jul 2020
Bing Han and Gang Li
University of Toronto, Rotman School of Management and The Chinese University of Hong Kong, CUHK Business School
Downloads 1,126 (22,674)
Citation 1

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stock return predictability, implied volatility spread, macroeconomic forecasts, informed trading in options, limits to arbitrage

7.
Downloads 1,119 ( 22,873)
Citation 15

Investor Overconfidence and the Forward Premium Puzzle

Number of pages: 58 Posted: 27 Mar 2008 Last Revised: 31 Mar 2010
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 873 (32,238)
Citation 1

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investor overconfidence, forward discount puzzle, inflation differential, exchange rate overshooting, market efficiency, Purchasing Power Parity

Investor Overconfidence and the Forward Premium Puzzle

Economic Research Initiatives at Duke (ERID) Working Paper No. 47, McCombs Research Paper Series No. FIN-03-10
Number of pages: 61 Posted: 27 Apr 2010 Last Revised: 08 Oct 2010
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 213 (171,774)
Citation 15

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Investor Overconfidence and the Forward Premium Puzzle

NBER Working Paper No. w15866
Number of pages: 61 Posted: 05 Apr 2010 Last Revised: 15 Oct 2010
Duke University - Department of Economics, University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 33 (549,757)

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8.

Social Networks, Information Acquisition, and Asset Prices

Management Science, 2013, 59(6), 1444-1457
Number of pages: 43 Posted: 18 Mar 2011 Last Revised: 21 Jun 2016
Bing Han and Liyan Yang
University of Toronto, Rotman School of Management and University of Toronto - Rotman School of Management
Downloads 1,000 (26,958)
Citation 20

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social communication, price informativeness, information acquisition, asset prices, liquidity, volume, welfare

9.

Speculative Retail Trading and Asset Prices

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 02 Apr 2009 Last Revised: 20 Apr 2012
Bing Han and Alok Kumar
University of Toronto, Rotman School of Management and University of Miami - Miami Herbert Business School
Downloads 992 (27,280)
Citation 48

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10.

Institutional Investment Constraints and Stock Prices

Journal of Financial and Quantitative Analysis (JFQA), Vol. 52, 2017, Dice Center Working Paper No. 2004-24
Number of pages: 60 Posted: 08 Dec 2004 Last Revised: 04 May 2017
Jie Cao, Bing Han and Qinghai Wang
The Chinese University of Hong Kong (CUHK) - CUHK Business School, University of Toronto, Rotman School of Management and University of Central Florida - College of Business Administration
Downloads 969 (28,162)
Citation 10

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Institutional investors, investment constraints, market efficiency, momentum, tracking-error constraints, relative performance evaluation

11.

Investor Trading Behavior and Performances: Evidence from Taiwan Stock Index Options

McCombs Research Paper Series No. FIN-06-09
Number of pages: 41 Posted: 16 Feb 2009 Last Revised: 27 May 2010
Bing Han, Yi-Tsung Lee and Yu-Jane Liu
University of Toronto, Rotman School of Management, Peking University - Guanghua School of Management and National Chengchi University (NCCU) - Department of Finance and Banking
Downloads 772 (38,708)

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investor behavior, trading performance, index options

12.

Sentiment Trading and Hedge Fund Returns

Journal of Finance, Forthcoming
Number of pages: 66 Posted: 14 Jan 2016 Last Revised: 01 Apr 2021
Yong Chen, Bing Han and Jing Pan
Texas A&M University - Department of Finance, University of Toronto, Rotman School of Management and Southern Methodist University (SMU)
Downloads 753 (40,176)
Citation 7

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Hedge funds, investor sentiment, sentiment beta, sentiment timing

Insider Ownership and Firm Value: Evidences from Real Estate Investment Trusts

Dice Center Working Paper No. 2004-1
Number of pages: 33 Posted: 03 Mar 2004
Bing Han
University of Toronto, Rotman School of Management
Downloads 705 (43,172)
Citation 17

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insiderer ownersip, firm value, REIT, UPREIT, tax, conflicts of interests , capital gains tax lock-in

Insider Ownership and Firm Value: Evidences from Real Estate Investment Trusts

Journal of Real Estate Finance and Economics, Vol. 32, No. 4, 2006
Posted: 13 Oct 2005
Bing Han
University of Toronto, Rotman School of Management

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REITs, UPREITs, ownership structure, firm value, tax, conflict of interests

14.

Idiosyncratic Risk, Costly Arbitrage, and the Cross-Section of Stock Returns

Journal of Banking and Finance (JBF), Vol. 73, 2016
Number of pages: 42 Posted: 30 Oct 2008 Last Revised: 28 Nov 2016
Jie Cao and Bing Han
The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Toronto, Rotman School of Management
Downloads 679 (46,087)
Citation 9

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Costly arbitrage; Idiosyncratic risk; Mispricing

15.

Stochastic Volatilities and Correlations of Bond Yields

Dice Center Working Paper No. 2003-27
Number of pages: 42 Posted: 04 Jan 2004
Bing Han
University of Toronto, Rotman School of Management
Downloads 602 (53,955)
Citation 18

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Stochastic volatility, stochastic correlation, unspanned volatility, string model, relative valuation of swaptions and caps

16.

The Disposition Effect and Momentum

NBER Working Paper No. w8734
Number of pages: 45 Posted: 24 Jan 2002 Last Revised: 15 May 2021
Bing Han and Mark Grinblatt
University of Toronto, Rotman School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 599 (54,298)

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17.

Understanding the Term Structure of Credit Default Swap Spreads

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 44 Posted: 18 Sep 2012 Last Revised: 22 Jan 2013
Bing Han and Yi Zhou
University of Toronto, Rotman School of Management and San Francisco State University
Downloads 594 (54,890)
Citation 4

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term structure, credit default swap, credit risk, structural models

18.

The Term Structure of Credit Spreads and the Cross-Section of Stock Returns

Journal of Financial Economics (JFE), Forthcoming, Rotman School of Management Working Paper No. 2560693
Number of pages: 49 Posted: 06 Feb 2015 Last Revised: 27 Apr 2016
University of Toronto, Rotman School of Management, University of California, Los Angeles (UCLA) - Finance Area and San Francisco State University
Downloads 576 (57,127)
Citation 1

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cross-section of stock return, credit spreads, term structure, slow information diffusion, limited attention, default risk premium

19.

Fear of the Unknown: Familiarity and Economic Decisions

Number of pages: 48 Posted: 10 May 2007 Last Revised: 16 Sep 2009
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Toronto, Rotman School of Management, University of Texas at Dallas - Naveen Jindal School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 539 (61,989)
Citation 34

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familiarity, model uncertainty, status quo, home bias, diversification, inertia

20.

Forecast Accuracy Uncertainty and Momentum

EFA 2006 Zurich Meetings
Number of pages: 31 Posted: 22 May 2006 Last Revised: 13 Nov 2013
Bing Han, Dong Hong and Mitch Warachka
University of Toronto, Rotman School of Management, Singapore Management University - Lee Kong Chian School of Business and Argyros School of Business and Economics
Downloads 501 (67,776)

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Forecast Accuracy, Uncertainty, Momentum, Bounded Rationality, Appearance of Behavioral Biases

21.

Self-Enhancing Transmission Bias and Active Investing

Number of pages: 57 Posted: 02 Apr 2012 Last Revised: 05 Jun 2015
Bing Han and David A. Hirshleifer
University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 416 (84,835)
Citation 21

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social interactions, self-enhancement, active investing, behavioral finance, behavioral economics, social networks, cultural evolution

22.

Idiosyncratic Volatility and the Intertemporal Capital Asset Pricing Model

Number of pages: 49 Posted: 17 Nov 2019 Last Revised: 30 Mar 2021
Bing Han and Gang Li
University of Toronto, Rotman School of Management and The Chinese University of Hong Kong, CUHK Business School
Downloads 391 (91,622)

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idiosyncratic volatility, conditional covariance, stock return predictability, intertemporal capital asset pricing model, tail risk

23.

Do Analysts Gain an Informational Advantage by Visiting Listed Companies?

Contemporary Accounting Research, Forthcoming
Number of pages: 43 Posted: 21 Aug 2017
Bing Han, Dongmin Kong and Shasha Liu
University of Toronto, Rotman School of Management, Department of Finance, Huazhong University of Science and Technology and School of Management, Jinan University
Downloads 333 (109,358)
Citation 5

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Analyst Visit, Forecast Accuracy, Informational Advantage; Geography

24.

Does Disclosure Improve Efficiency?

Number of pages: 40 Posted: 15 Mar 2012 Last Revised: 12 Sep 2014
Bing Han, Yu-Jane Liu, Ya Tang and Lifeng Yu
University of Toronto, Rotman School of Management, National Chengchi University (NCCU) - Department of Finance and Banking, Peking University - Guanghua School of Management and Peking University - Guanghua School of Management
Downloads 315 (116,178)

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Noise Trading, Disclosure, Informational Efficiency, Allocative Efficiency, Informational Feedback Effect

Promotion Tournaments and Capital Rationing

Review of Financial Studies, Forthcoming , Dice Center Working Paper No. 2005-20
Number of pages: 47 Posted: 16 Nov 2005 Last Revised: 19 Oct 2008
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and Independent
Downloads 281 (130,386)
Citation 1

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promotion, tournaments, capital rationing, conglomerate, career concerns, managerial overconfidence

Promotion Tournaments and Capital Rationing

The Review of Financial Studies, Vol. 22, No. 1, pp. 219-255, 2009
Posted: 03 Jan 2009
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and Independent

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G30, G31, G39

26.

Social Transmission Bias and Investor Behavior

Forthcoming Journal of Financial and Quantitative Analysis
Number of pages: 42 Posted: 22 Sep 2015 Last Revised: 29 Jul 2020
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Lausanne
Downloads 273 (135,099)
Citation 12

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social interaction, transmission bias, active investing, networks, thought contagion, behavioral finance

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving

Rotman School of Management Working Paper No. 2798638
Number of pages: 64 Posted: 23 Jun 2016 Last Revised: 02 Nov 2020
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Lausanne
Downloads 227 (161,622)
Citation 3

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visibility bias, overconsumption, saving, behavioral economics, social influence, social learning

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving

NBER Working Paper No. w25566
Number of pages: 65 Posted: 19 Feb 2019 Last Revised: 10 May 2021
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Lausanne
Downloads 8 (731,420)
Citation 1

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28.

Two Trees with Heterogeneous Beliefs: Spillover Effect of Disagreement

Rotman School of Management Working Paper No. 2493831
Number of pages: 47 Posted: 11 Sep 2014 Last Revised: 19 Nov 2017
Bing Han, Lei Lu and Yi Zhou
University of Toronto, Rotman School of Management, Asper School of Business, University of Manitoba and San Francisco State University
Downloads 231 (159,350)
Citation 1

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Heterogeneous beliefs, disagreements; spillover effect; peer effect; expected return; volatility

29.

Taking the Road Less Traveled by: Does Conversation Eradicate Pernicious Cascades?

Merage School of Business Working Paper, University of California, Irvine
Number of pages: 28 Posted: 22 Aug 2003 Last Revised: 31 Jul 2018
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 215 (170,589)
Citation 4

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information cascades, herding, conversation, imitation, information externality

30.

Social Transmission Bias and Active Investing

HKUST Finance Symposium 2016: Active Investing and Arbitrage Capital, Rotman School of Management Working Paper No. 2897801
Number of pages: 59 Posted: 11 Jan 2017
Bing Han and David A. Hirshleifer
University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 174 (206,558)

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capital markets, active investing, thought contagion, transmission bias, behavioral contagion, social in uence, behavioral nance, sending schedule, receiving schedule, popular models, memes

31.

Institutional Investors and Equity Prices: Information, Behavioral Bias, and Arbitrage

Rotman School of Management Working Paper No. 2926401
Number of pages: 54 Posted: 06 Mar 2017
Bing Han and Dongmin Kong
University of Toronto, Rotman School of Management and Department of Finance, Huazhong University of Science and Technology
Downloads 169 (211,743)
Citation 1

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Institutional/Individual Investors, Chinese stock market, Split–share Reform, Disposition Effect, Arbitrage

Housing Price and Fundamentals in a Transition Economy: The Case of the Beijing Market

Rotman School of Management Working Paper No. 2664817
Number of pages: 69 Posted: 25 Sep 2015 Last Revised: 26 Mar 2017
Bing Han, Lu Han and Guozhong Zhu
University of Toronto, Rotman School of Management, University of Toronto - Rotman School of Management and University of Alberta - Alberta School of Business
Downloads 161 (220,932)
Citation 7

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housing price, fundamentals, transition economy, dynamic equilibrium, life-cycle overlapping generations model

Housing Price and Fundamentals in a Transition Economy: The Case of the Beijing Market

International Economic Review, Vol. 59, Issue 3, pp. 1653-1677, 2018
Number of pages: 25 Posted: 20 Aug 2018
Bing Han, Lu Han and Guozhong Zhu
University of Toronto, Rotman School of Management, University of Toronto - Rotman School of Management and University of Alberta - Department of Marketing, Business Economics & Law
Downloads 1 (799,867)
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33.

Cross-Border Equity Flows and Information Transmission: Evidence from Chinese Stock Markets

Number of pages: 56 Posted: 20 Apr 2020 Last Revised: 02 Jan 2021
University of International Business and Economics (UIBE), CUHK Business School, University of Toronto, Rotman School of Management and Shanghai Stock Exchange
Downloads 122 (274,909)

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Cross-Border Equity Trading, Shanghai-Hong Kong Stock Connect

34.

Social Transmission Bias and Investor Behavior

NBER Working Paper No. w24281
Number of pages: 43 Posted: 05 Feb 2018 Last Revised: 07 May 2021
University of Toronto, Rotman School of Management, University of California, Irvine - Paul Merage School of Business and University of Lausanne
Downloads 81 (359,826)

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35.

Option Price Implied Information and REIT Returns

Rotman School of Management Working Paper No. 3788744
Number of pages: 48 Posted: 23 Feb 2021 Last Revised: 31 Mar 2021
The Chinese University of Hong Kong (CUHK) - CUHK Business School, University of Toronto, Rotman School of Management, The Chinese University of Hong Kong (CUHK) - CUHK Business School and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 59 (426,525)

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informed trading in options; stock return predictability; real estate investment trusts

36.

Housing Market and Entrepreneurship: Micro Evidence from China

Number of pages: 35 Posted: 25 Aug 2020
Bing Han, Lu Han and Zhengyi Zhou
University of Toronto, Rotman School of Management, University of Toronto - Rotman School of Management and Shanghai University of Finance and Economics
Downloads 43 (488,978)

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Entrepreneurship; Housing Market; Extrapolative Belief

37.

Informed Bank Debt and Stock Returns

Posted: 22 Apr 2020
Lifeng Gu, Bing Han and Tong Li
The University of Hong Kong, University of Toronto, Rotman School of Management and The University of Hong Kong

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nonpublic information, term loans, relationship banking, stock returns

38.

Estimating the Negative Impact of 'Noise' on the Returns of Cap-Weighted Portfolios in Various Segments of the Equity Markets

Journal of Investment Management (JOIM), Third Quarter 2012
Posted: 13 Oct 2012
affiliation not provided to SSRN, University of Toronto, Rotman School of Management and affiliation not provided to SSRN

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Market efficiency, fair game efficiency, valuation efficiency, cap-weighted portfolios, negative impact of noise, crosssectional dispersion of returns, Capital market theory