Bing Han

University of Toronto, Rotman School of Management

Professor of Finance

Toronto, Ontario M5S 3E6

Canada

SCHOLARLY PAPERS

30

DOWNLOADS
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Top 1,010

in Total Papers Downloads

21,156

CITATIONS
Rank 1,973

SSRN RANKINGS

Top 1,973

in Total Papers Citations

284

Scholarly Papers (30)

1.

Prospect Theory, Mental Accounting, and Momentum

Yale ICF Working Paper No. 00-71; UCLA Anderson School Finance Working Paper No. 01-18; AFA 2003 Washington, DC Meetings
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 4,944 (1,034)
Citation 93

Abstract:

prospect theory, mental accounting, disposition effect, momentum

2.

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
Chinese University of Hong Kong - Department of Finance and University of Toronto, Rotman School of Management
Downloads 1,667 (5,853)
Citation 6

Abstract:

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

3.
Downloads 1,178 ( 13,548)
Citation 33

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 1,178 (13,284)
Citation 33

Abstract:

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

Abstract:

G12, G13, G14

4.
Downloads 1,063 ( 15,919)
Citation 17

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 831 (22,549)
Citation 17

Abstract:

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 202 (126,020)
Citation 17

Abstract:

Investor Overconfidence and the Forward Premium Puzzle

NBER Working Paper No. w15866
Number of pages: 61 Posted: 05 Apr 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 30 (411,062)
Citation 17

Abstract:

5.

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 975 (12,896)
Citation 4

Abstract:

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

6.

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 - School of Business Administration
Downloads 791 (21,275)
Citation 9

Abstract:

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 652 (31,734)
Citation 14

Abstract:

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

Abstract:

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

8.

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 629 (29,784)
Citation 1

Abstract:

investor behavior, trading performance, index options

9.

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 598 (26,122)
Citation 3

Abstract:

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

10.

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
Chinese University of Hong Kong - Department of Finance and University of Toronto, Rotman School of Management
Downloads 597 (36,258)
Citation 4

Abstract:

Costly arbitrage; Idiosyncratic risk; Mispricing

11.

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 579 (37,075)
Citation 20

Abstract:

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

12.

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
Chinese University of Hong Kong - Department of Finance, University of Toronto, Rotman School of Management and University of Central Florida - College of Business Administration
Downloads 572 (23,858)
Citation 8

Abstract:

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

13.

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 University of San Diego
Downloads 472 (47,247)
Citation 2

Abstract:

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

14.

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 460 (46,028)
Citation 12

Abstract:

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

15.

The Disposition Effect and Momentum

NBER Working Paper No. w8734
Number of pages: 45 Posted: 24 Jan 2002
Bing Han and Mark Grinblatt
University of Toronto, Rotman School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 391 (48,105)
Citation 41

Abstract:

16.

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 367 (46,149)
Citation 1

Abstract:

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

17.
Downloads 274 ( 92,746)
Citation 1

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 Ohio State University (OSU) - Department of Finance
Downloads 274 (92,240)
Citation 1

Abstract:

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 Ohio State University (OSU) - Department of Finance

Abstract:

G30, G31, G39

18.

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: 16 Sep 2010
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 187 (128,753)
Citation 7

Abstract:

information cascades, herding, conversation, imitation, information externality

19.

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 180 (107,534)
Citation 1

Abstract:

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

20.

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 179 (54,969)
Citation 4

Abstract:

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

21.

Two Trees with Heterogeneous Beliefs: Spillover Effect of Disagreement

Rotman School of Management Working Paper No. 2493831, Asian Finance Association (AsianFA) 2015 Conference Paper
Number of pages: 36 Posted: 11 Sep 2014 Last Revised: 10 Feb 2015
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 63 (206,074)

Abstract:

Heterogeneous Beliefs, Disagreement, Multiple Stocks, Size, Expected Return, Volatility

22.

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 24 (126,318)
Citation 3

Abstract:

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

23.

Social Transmission Bias and Investor Behavior

Number of pages: 59 Posted: 22 Sep 2015 Last Revised: 13 Aug 2016
Bing Han and David A. Hirshleifer
University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 8 (131,772)

Abstract:

capital markets, active investing, thought contagion, transmission bias, behavioral contagion, social influence, behavioral finance, sending schedule, receiving schedule, popular models, memes

24.

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 2 (210,124)

Abstract:

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

25.

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, School of Finance, Zhongnan University of Economics and Law and School of Management, Jinan University
Downloads 0 (257,437)

Abstract:

Analyst Visit, Forecast Accuracy, Informational Advantage; Geography

26.

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 School of Finance, Zhongnan University of Economics and Law
Downloads 0 (271,565)

Abstract:

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

27.

Visibility Bias in the Transmission of Consumption Norms and Undersaving

Rotman School of Management Working Paper No. 2798638
Number of pages: 38 Posted: 23 Jun 2016 Last Revised: 19 Sep 2016
Bing Han and David A. Hirshleifer
University of Toronto, Rotman School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 0 (388,593)

Abstract:

social influence, social norm, visibility bias, availability heuristic, consumption, savings, behavioral contagion

28.

Sentiment Risk, Sentiment Timing, and Hedge Fund Returns

Mays Business School Research Paper No. 2714580, Rotman School of Management Working Paper No. 2714580
Number of pages: 61 Posted: 14 Jan 2016
Yong Chen, Bing Han and Jing Pan
Texas A&M University - Department of Finance, University of Toronto, Rotman School of Management and University of Utah - David Eccles School of Business
Downloads 0 (81,286)

Abstract:

Hedge funds, sentiment risk, sentiment timing, alpha, limits to arbitrage

29.

Option Return Predictability

27th Annual Conference on Financial Economics and Accounting Paper, Rotman School of Management Working Paper No. 2698267
Number of pages: 60 Posted: 06 Dec 2015 Last Revised: 06 Apr 2017
Jie Cao, Bing Han, Qing Tong and Xintong Zhan
Chinese University of Hong Kong - Department of Finance, University of Toronto, Rotman School of Management, Singapore Management University - Lee Kong Chian School of Business and Erasmus University Rotterdam
Downloads 0 (12,214)

Abstract:

Equity option returns; delta-neutral call writing; predictability; stock characteristics

30.

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

Abstract:

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