Hui Ou-Yang

Cheung Kong Graduate School of Business

Professor

Hong Kong

China

SCHOLARLY PAPERS

19

DOWNLOADS
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Top 13,727

in Total Papers Downloads

6,768

SSRN CITATIONS
Rank 10,996

SSRN RANKINGS

Top 10,996

in Total Papers Citations

88

CROSSREF CITATIONS

61

Scholarly Papers (19)

1.

Asset Substitution and Underinvestment: A Dynamic View

EFA 2006 Zurich Meetings
Number of pages: 37 Posted: 19 Mar 2005
Nengjiu Ju and Hui Ou-Yang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Cheung Kong Graduate School of Business
Downloads 833 (55,939)
Citation 13

Abstract:

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Asset Substitution, Underinvestment, Growth Options, Dynamic Models

2.

Explicit Incentives, Implicit Incentives, and Performance: Evidence from Academic Tenure

Number of pages: 45 Posted: 18 Mar 2005 Last Revised: 20 Feb 2015
Si Li and Hui Ou-Yang
Wilfrid Laurier University - School of Business & Economics and Cheung Kong Graduate School of Business
Downloads 692 (71,512)
Citation 2

Abstract:

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Explicit incentives, implicit incentives, academic tenure, faculty productivity

3.

China Bond Market Overview

Quantitative Portfolio Strategies, June 2010
Number of pages: 39 Posted: 11 Jul 2010
Gigi Liu, Hui Ou-Yang and Jessica Zhang
Nomura International Hong Kong, Cheung Kong Graduate School of Business and Nomura International Hong Kong
Downloads 590 (87,385)

Abstract:

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China Bond Market, Fixed Income Assets

4.

Informationally Efficient Markets in Grossman and Stiglitz (1980)

Number of pages: 38 Posted: 08 May 2014
Hui Ou-Yang and Weili Wu
Cheung Kong Graduate School of Business and Central University of Finance and Economics (CUFE)
Downloads 575 (90,239)
Citation 2

Abstract:

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Informationally efficient markets; Grossman-Stiglitz paradox; Competitive markets

5.

A Model of Asset Pricing and Portfolio Delegation

Number of pages: 61 Posted: 05 Jan 2002
Navneet Arora and Hui Ou-Yang
American Century Investments and Cheung Kong Graduate School of Business
Downloads 552 (95,023)
Citation 5

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6.
Downloads 525 (101,178)
Citation 11

An Equilibrium Model of Asset Pricing and Moral Hazard

Number of pages: 49 Posted: 23 Oct 2002
Hui Ou-Yang
Cheung Kong Graduate School of Business
Downloads 351 (160,066)
Citation 10

Abstract:

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An Equilibrium Model of Asset Pricing and Moral Hazard

Number of pages: 54 Posted: 08 Nov 2004
Hui Ou-Yang
Cheung Kong Graduate School of Business
Downloads 174 (320,084)

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An Equilibrium Model of Asset Pricing and Moral Hazard

The Review of Financial Studies, Vol. 18, Issue 4, pp. 1253-1303, 2005
Posted: 29 Feb 2008
Hui Ou-Yang
Cheung Kong Graduate School of Business

Abstract:

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brain metastases, HRQoL, stereotactic radiosurgery

7.

Capital Structure, Debt Maturity, and Stochastic Interest Rates

Number of pages: 45 Posted: 23 Mar 2005
Nengjiu Ju and Hui Ou-Yang
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Cheung Kong Graduate School of Business
Downloads 501 (107,121)
Citation 1

Abstract:

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Optimal Capital Structure, Optimal Debt Maturity, Stochastic Interest Rates

8.

Estimation of Continuous-Time Models with an Application to Equity Volatility Dynamics

Number of pages: 28 Posted: 19 Mar 2005
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Temple University - Fox School of Business and ManagementFox School of Business and Cheung Kong Graduate School of Business
Downloads 489 (110,244)

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Continuous-time models, Maximum-likelihood estimation, Density approximation

9.
Downloads 403 (137,085)
Citation 15

Prospect Theory and Liquidation Decisions

Number of pages: 30 Posted: 19 May 2005
Albert S. Kyle, Hui Ou-Yang and Wei Xiong
University of Maryland, Cheung Kong Graduate School of Business and Princeton University - Department of Economics
Downloads 403 (136,992)
Citation 15

Abstract:

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Loss aversion, disposition effect; break-even effect

Prospect Theory and Liquidation Decisions

Journal of Economic Theory, Forthcoming
Posted: 21 May 2005
Albert S. Kyle, Hui Ou-Yang and Wei Xiong
University of Maryland, Cheung Kong Graduate School of Business and Princeton University - Department of Economics

Abstract:

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Loss aversion, disposition effect; break-even effect

10.

Differences of Opinion of Public Information and Speculative Trading in Stocks and Options

Number of pages: 46 Posted: 03 Feb 2005
H. Henry Cao and Hui Ou-Yang
University of North Carolina (UNC) at Chapel Hill - Finance Area and Cheung Kong Graduate School of Business
Downloads 395 (141,479)
Citation 30

Abstract:

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High Confidence, Low Confidence, Differential Interpretation of Public Information

11.

A Model of Portfolio Delegation and Strategic Trading

Number of pages: 47 Posted: 17 Mar 2009 Last Revised: 16 Jul 2010
Albert S. Kyle, Hui Ou-Yang and Bin Wei
University of Maryland, Cheung Kong Graduate School of Business and Federal Reserve Bank of Atlanta
Downloads 365 (154,510)
Citation 9

Abstract:

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Portfolio Delegation, Information Acquisition, Strategic Trading, Price Informativeness

12.

Bubbles and Panics in a Frictionless Market with Heterogeneous Expectations

Number of pages: 37 Posted: 10 Apr 2005
H. Henry Cao and Hui Ou-Yang
University of North Carolina (UNC) at Chapel Hill - Finance Area and Cheung Kong Graduate School of Business
Downloads 287 (199,528)
Citation 12

Abstract:

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Bubble, Overconfidence, Heterogeneous Expectations

13.

Estimation of Continuous-Time Models with an Application to Equity Volatility Dynamics

Journal of Financial Economics, Forthcoming, Robert H. Smith School Research Paper No. RHS 06-017
Number of pages: 29 Posted: 27 Jan 2006
Hui Ou-Yang, Gurdip Bakshi and Gurdip Bakshi
Cheung Kong Graduate School of Business and Temple University - Fox School of Business and ManagementFox School of Business
Downloads 184 (304,774)
Citation 11

Abstract:

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Continuous-time models, Maximum-likelihood estimation, Density approximation, Market volatility dynamics

14.
Downloads 176 (318,770)

Speculative Financial Innovation

Number of pages: 35 Posted: 21 Feb 2014
Huining Henry Cao, Hui Ou-Yang and Dongyan Ye
Cheung Kong Graduate School of Business, Cheung Kong Graduate School of Business and Cheung Kong Graduate School of Business
Downloads 105 (479,708)

Abstract:

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Speculative Financial Innovation

Number of pages: 41 Posted: 03 Mar 2023 Last Revised: 26 Feb 2024
Cheung Kong Graduate School of Business, Cheung Kong Graduate School of Business, Cheung Kong Graduate School of Business and Cheung Kong Graduate School of Business
Downloads 71 (620,229)

Abstract:

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Financial Innovation, Heterogeneous Belief, Hedging Demand

15.

Negative Bubbles Under Short-Sales Constraints and Heterogeneous Beliefs

Number of pages: 31 Posted: 18 Nov 2016
Huining Henry Cao, Hui Ou-Yang and Dongyan Ye
Cheung Kong Graduate School of Business, Cheung Kong Graduate School of Business and Cheung Kong Graduate School of Business
Downloads 76 (583,882)

Abstract:

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Negative Bubbles, Short-Sales Constraints, Heterogeneous Beliefs

16.

Risk Premiums, Liquidities, and Bubbles under Heterogeneous Beliefs

Number of pages: 48 Posted: 17 Aug 2016 Last Revised: 17 Nov 2016
Huining Henry Cao, Hui Ou-Yang and Dongyan Ye
Cheung Kong Graduate School of Business, Cheung Kong Graduate School of Business and Cheung Kong Graduate School of Business
Downloads 58 (672,069)
Citation 2

Abstract:

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Heterogeneous beliefs; Risk premiums; Liquidities; Bubbles

17.

Endogenous Acquisition of Multi-Dimensional Information in a Strategic Trading Model

Number of pages: 63 Posted: 05 Mar 2021
Hui Ou-Yang and Weili Wu
Cheung Kong Graduate School of Business and Central University of Finance and Economics (CUFE)
Downloads 43 (765,715)

Abstract:

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Strategic Trading, Endogenous Information Acquisition, Multi-Dimensional Information, Multiplicity and Nonexistence of Equilibria, Symmetry Breaking Equilibrium

18.

Bubbles Under Heterogeneous Beliefs Without Short-Sales Constraints

Number of pages: 40 Posted: 13 Mar 2024
Huining Henry Cao, Hui Ou-Yang and Dongyan Ye
Cheung Kong Graduate School of Business, Cheung Kong Graduate School of Business and Cheung Kong Graduate School of Business
Downloads 24 (921,986)

Abstract:

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Heterogeneous beliefs, Risk premiums, Bubbles, Cryptocurrency

19.

Differences of Opinion of Public Information and Speculative Trading in Stocks and Options

The Review of Financial Studies, Vol. 22, Issue 1, pp. 299-335, 2009
Posted: 03 Jan 2009
H. Henry Cao and Hui Ou-Yang
affiliation not provided to SSRN and Cheung Kong Graduate School of Business

Abstract:

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