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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in Total Papers Downloads

3,506

CITATIONS
Rank 9,768

SSRN RANKINGS

Top 9,768

in Total Papers Citations

56

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 1,117 (18,056)
Citation 21

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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 (GFRI) and University of Hong Kong
Downloads 617 (41,086)
Citation 6

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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 (GFRI) and University of Hong Kong
Downloads 1 (675,099)
Citation 9
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Financial Crisis Propagation, Fire Sales, Mutual Funds

3.
Downloads 354 ( 82,758)
Citation 25

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 The Chinese University of Hong Kong, Shenzhen
Downloads 286 (104,241)
Citation 20

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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 The Chinese University of Hong Kong, Shenzhen
Downloads 68 (334,139)
Citation 5

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International Markets, Information Asymmetry, PIN, Asset Pricing

4.
Downloads 289 (103,611)
Citation 10

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 (GFRI) and University of Hong Kong
Downloads 283 (105,422)

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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 (GFRI) and University of Hong Kong
Downloads 6 (625,698)
Citation 30
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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: 07 Dec 2018
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 188 (158,591)
Citation 9

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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 (GFRI) and University of Hong Kong
Downloads 91 (280,415)

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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 (GFRI) and University of Hong Kong
Downloads 0
Citation 3
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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 205 (146,426)
Citation 2

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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 199 (150,485)
Citation 19

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International diversification, Local factors, Factor funds

8.
Downloads 170 (173,595)
Citation 7

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 (GFRI) and University of Hong Kong
Downloads 170 (173,721)
Citation 8

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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 (GFRI) and University of Hong Kong
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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 145 (198,458)
Citation 4

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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 121 (228,715)
Citation 4

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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 9 (580,223)

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Other Papers (1)

Total Downloads: 10
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 10

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mutual fund flows, performance persistence, fund board quality