Sandy Lai

University of Hong Kong

Associate Professor of Finance

Faculty of Business and Economics

K.K. Leung Building, Pokfulam Road

Hong Kong, Pokfulam HK

Hong Kong

SCHOLARLY PAPERS

11

DOWNLOADS
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Top 11,928

in Total Papers Downloads

3,321

CITATIONS
Rank 10,753

SSRN RANKINGS

Top 10,753

in Total Papers Citations

39

Scholarly Papers (11)

1.

International Diversification with Large- and Small-Cap Stocks

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 49 Posted: 27 Sep 2006
Wei Huang, Cheol S. Eun and Sandy Lai
University of Hawaii at Manoa - Shidler College of Business, Georgia Institute of Technology - Finance Area and University of Hong Kong
Downloads 1,018 (15,403)
Citation 16

Abstract:

international diversification, portfolio optimization, mean variance spanning, small-cap stocks

The Role of Equity Funds in the Financial Crisis Propagation

Swiss Finance Institute Research Paper No. 11-35 , WFA 2012 Las Vegas Meetings Paper
Number of pages: 45 Posted: 17 Jan 2011 Last Revised: 20 Jan 2016
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 590 (36,586)
Citation 8

Abstract:

Financial Crisis, Crisis Spillover Effect, Mutual Fund Ownership

The Role of Equity Funds in the Financial Crisis Propagation

CEPR Discussion Paper No. DP8819
Number of pages: 49 Posted: 01 Mar 2012
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 1 (583,556)
Citation 8
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Abstract:

Financial Crisis Propagation, Fire Sales, Mutual Funds

3.
Downloads 321 ( 78,289)
Citation 1

Does PIN Affect Equity Prices Around the World?

Forthcoming Journal of Financial Economics, European Finance Association (EFA), EFA 2009 Bergen Meetings
Number of pages: 39 Posted: 30 Jan 2013 Last Revised: 23 Dec 2013
Sandy Lai, Lilian K. Ng and Bohui Zhang
University of Hong Kong, York University - Schulich School of Business and University of New South Wales (UNSW) - School of Banking and Finance
Downloads 262 (97,438)
Citation 1

Abstract:

International Markets, Information Asymmetry, PIN, Asset Pricing

Does PIN Affect Equity Prices Around the World?

Journal of Financial Economics (JFE), Forthcoming, EFA 2009 Bergen Meetings Paper
Number of pages: 39 Posted: 23 Dec 2008 Last Revised: 10 Oct 2014
Sandy Lai, Lilian K. Ng and Bohui Zhang
University of Hong Kong, York University - Schulich School of Business and University of New South Wales (UNSW) - School of Banking and Finance
Downloads 59 (312,491)
Citation 1

Abstract:

International Markets, Information Asymmetry, PIN, Asset Pricing

4.
Downloads 273 ( 93,805)
Citation 3

Real Effects of Stock Underpricing

Journal of Financial Economics (JFE), (Forthcoming) , Swiss Finance Institute Research Paper No. 11-59, EFA 2012 Copenhagen Meetings Paper
Number of pages: 51 Posted: 29 Nov 2011 Last Revised: 06 Feb 2014
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 267 (95,560)
Citation 3

Abstract:

market inefficiency, fire sales, mutual funds, investment, employment

Real Effects of Stock Underpricing

CEPR Discussion Paper No. DP8820
Number of pages: 39 Posted: 01 Mar 2012
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 6 (547,203)
Citation 3
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Abstract:

employment, fire sales, investment, market inefficiency, mutual funds

Asset Allocation and Monetary Policy: Evidence from the Eurozone

Swiss Finance Institute Research Paper No. 13-39, EFA 2013 Cambridge Meetings Paper, AFA 2014 Philadelphia Meetings Paper
Number of pages: 43 Posted: 17 Jul 2013 Last Revised: 25 Sep 2014
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 178 (142,934)

Abstract:

Monetary Policy, Asset Price In‡ation, Risk Seeking, Taylor Rule Residuals

Asset Allocation and Monetary Policy: Evidence from the Eurozone

CESifo Working Paper Series No. 5005
Number of pages: 44 Posted: 22 Oct 2014
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 87 (249,831)

Abstract:

monetary policy, asset price inflation, risk seeking, Taylor rule residuals

Asset Allocation and Monetary Policy: Evidence from the Eurozone

CEPR Discussion Paper No. DP9581
Number of pages: 45 Posted: 13 Aug 2013
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 0
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Abstract:

asset price inflation, monetary policy, risk seeking, Taylor rule residuals

6.

Mutual Fund Flows, Performance Persistence, and Board Quality

Number of pages: 38 Posted: 16 Mar 2010
Sandy Lai, Ashish Tiwari and Zhe Zhang
University of Hong Kong, University of Iowa and Singapore Management University
Downloads 196 (130,814)
Citation 1

Abstract:

Mutual fund flows, Short-term performance persistence, Fund board quality

7.

International Diversification with Factor Funds

Management Science, Forthcoming
Number of pages: 34 Posted: 11 Jun 2010
Georgia Institute of Technology - Finance Area, University of Hong Kong, Tilburg University - Department of Finance and Singapore Management University
Downloads 160 (141,571)
Citation 6

Abstract:

International diversification, Local factors, Factor funds

Technological Progress and Ownership Structure

Swiss Finance Institute Research Paper No. 15-39
Number of pages: 55 Posted: 20 Sep 2015
Heng Geng, Harald Hau and Sandy Lai
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 141 (175,096)

Abstract:

Patents, holdup Problems, Innovation, Institutional Ownership

Technological Progress and Ownership Structure

CEPR Discussion Paper No. DP11064
Number of pages: 57 Posted: 27 Jan 2016
Heng Geng, Harald Hau and Sandy Lai
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute and University of Hong Kong
Downloads 0
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Abstract:

hold-up problems, innovation, institutional ownership, patents

9.

Effective Fair Pricing of International Mutual Funds

Number of pages: 52 Posted: 17 Mar 2005 Last Revised: 03 Jun 2012
Choong Tze Chua, Sandy Lai and Yangru Wu
Singapore Management University, University of Hong Kong and Rutgers University, Newark - School of Business - Department of Finance & Economics
Downloads 126 (176,692)
Citation 2

Abstract:

Stale pricing, Fair pricing, International mutual funds, Stepwise regression

10.

Home Biased Analysts in Emerging Markets

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 45 Posted: 15 Sep 2005 Last Revised: 15 Nov 2013
Sandy Lai and Melvyn Teo
University of Hong Kong and Singapore Management University - Lee Kong Chian School of Business
Downloads 102 (204,846)
Citation 1

Abstract:

home bias, analyst recommendation, optimism, investment banking, emerging market

11.

Are the Gains from Foreign Diversification Diminishing? Assessing the Impact with Cross-Listed Stocks

NBER Working Paper No. w18627
Number of pages: 77 Posted: 22 Dec 2012
Karen K. Lewis and Sandy Lai
University of Pennsylvania - Finance Department and University of Hong Kong
Downloads 3 (518,682)

Abstract:

Other Papers (1)

Total Downloads: 10    Citations: 1
1.

Mutual Fund Flows, Performance Persistence, and Board Quality

Number of pages: 40 Posted: 22 Mar 2009
Sandy Lai, Ashish Tiwari and Zhe Zhang
University of Hong Kong, University of Iowa and Singapore Management University
Downloads 0 (130,814)
Citation 1

Abstract:

mutual fund flows, performance persistence, fund board quality