Danling Jiang

College of Business, Stony Brook University

Associate Professor of Finance

306 Harriman Hall

Stony Brook, NY 11794

United States

http://sites.google.com/site/danlingjiang

SCHOLARLY PAPERS

22

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CITATIONS
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44

Ideas:
“  What is the impact of investor mood on stock markets?  ”

Scholarly Papers (22)

1.

Corporate Policies of Republican Managers

AFA 2011 Denver Meetings Paper, Journal of Financial and Quantitative Analysis (JFQA), 2014, 49(5/6), 1279-1310
Number of pages: 76 Posted: 17 Mar 2010 Last Revised: 14 Apr 2015
Irena Hutton, Danling Jiang and Alok Kumar
Florida State University - College of Business, College of Business, Stony Brook University and University of Miami - School of Business Administration
Downloads 1,333 (12,257)
Citation 13

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Political values, financial conservatism, corporate culture, capital structure, dividend policy, investments

2.

A Financing-Based Misvaluation Factor and the Cross Section of Expected Returns

Review of Financial Studies, Vol. 23, No. 9, pp. 3401-3436, 2010 , AFA 2008 New Orleans Meetings Paper, WFA 2009 San Diego Meetings Paper
Number of pages: 59 Posted: 20 Mar 2007 Last Revised: 22 Jun 2011
David A. Hirshleifer and Danling Jiang
University of California, Irvine - Paul Merage School of Business and College of Business, Stony Brook University
Downloads 703 (26,649)
Citation 8

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Misvaluation, financing, new issues, repurchase, factor models, market efficiency, behavioral finance

3.

Call-Put Implied Volatility Spreads and Option Returns

Review of Asset Pricing Studies, 2013(3): 258-290
Number of pages: 49 Posted: 15 Jul 2010 Last Revised: 14 Jan 2014
James Doran, Andy Fodor and Danling Jiang
Implied Capital Advisors, Ohio University and College of Business, Stony Brook University
Downloads 603 (20,874)

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Implied Volatility Spread, Stock Returns, Option Returns, Option Demand

4.

Political Values, Culture, and Corporate Litigation

Management Science, 2015, 61(12): 2905-2925.
Number of pages: 67 Posted: 04 Mar 2012 Last Revised: 18 Dec 2015
Irena Hutton, Danling Jiang and Alok Kumar
Florida State University - College of Business, College of Business, Stony Brook University and University of Miami - School of Business Administration
Downloads 546 (26,357)

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Political values, culture, litigation, managerial misconduct, Corporate Misconduct

5.

Political Contributions and Analyst Behavior

Review of Accounting Studies, 2016, 21(1): 37-88
Number of pages: 57 Posted: 03 Oct 2010 Last Revised: 08 Mar 2016
Danling Jiang, Alok Kumar and Kelvin Law
College of Business, Stony Brook University, University of Miami - School of Business Administration and Nanyang Technological University (NTU)
Downloads 504 (29,064)
Citation 1

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Equity Analysts, Political Contribution, Conservative Analysts, Forecasting Style, Market Reaction

6.

Short-Sale Constraints and the Idiosyncratic Volatility Puzzle: An Event Study Approach

Journal of Empirical Finance, 2014 (28): 36-59
Number of pages: 56 Posted: 24 Sep 2007 Last Revised: 16 Jul 2014
Danling Jiang, David R. Peterson and James Doran
College of Business, Stony Brook University, Florida State University - Department of Finance and Implied Capital Advisors
Downloads 468 (49,022)
Citation 3

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Idiosyncratic Volatility, Short-Sale Constraints, IPO Lockup, Option Introduction, Short-Sale Ban

7.

A Cross-Cultural Study of Reference Point Adaptation: Evidence from China, Korea, and the US

Organizational Behavior and Human Decision Processes, Vol. 112, No. 2, pp. 99-111, July 2010
Number of pages: 31 Posted: 12 Jul 2007 Last Revised: 11 Jun 2010
Ohio State University - Department of Psychology, University of California, Irvine - Paul Merage School of Business, College of Business, Stony Brook University and DePaul University - Department of Finance
Downloads 373 (66,430)
Citation 2

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Prospect theory, cross-cultural differences, reference point adaptation, mental accounting, security trading

8.

The Second Moment Matters! Cross-Sectional Dispersion of Firm Valuations and Expected Stock Returns

Journal of Banking and Finance, 2013, 37(10), 3974-3992
Number of pages: 55 Posted: 03 Apr 2007 Last Revised: 02 Aug 2013
Danling Jiang
College of Business, Stony Brook University
Downloads 309 (76,358)

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Return Predictability, Dispersion, Overconfidence, Sentiment, Business Cycle

9.

Reference Point Adaptation: Tests in the Domain of Security Trading

Organizational Behavior and Human Decision Processes, Vol. 105, No. 1, pp. 67-81, January 2008
Number of pages: 32 Posted: 28 Jun 2006 Last Revised: 19 Oct 2008
Ohio State University - Department of Psychology, University of California, Irvine - Paul Merage School of Business, College of Business, Stony Brook University and DePaul University - Department of Finance
Downloads 269 (83,436)
Citation 11

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Prospect theory, Reference point, Asset pricing, Security trading

10.

Gambling Preference and the New Year Effect of Assets with Lottery Features

Review of Finance, 2012, 16(3), 685-731.
Number of pages: 63 Posted: 04 Feb 2008 Last Revised: 26 Nov 2012
James Doran, Danling Jiang and David R. Peterson
Implied Capital Advisors, College of Business, Stony Brook University and Florida State University - Department of Finance
Downloads 244 (91,978)
Citation 3

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January effect, Gambling, Preference for skewness, Out-of-the-money options, China

11.

The UMO (Undervalued Minus Overvalued) Factor

Number of pages: 6 Posted: 03 Aug 2011
David A. Hirshleifer and Danling Jiang
University of California, Irvine - Paul Merage School of Business and College of Business, Stony Brook University
Downloads 210 (89,588)
Citation 1

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Misvaluation Factor, New Issues, Repurchases, External Financing, Return Predictability

12.

The Human Capital That Matters: Expected Returns and High-Income Households

Review of Financial Studies, 2016, 29(9): 2523-2563
Number of pages: 56 Posted: 15 Sep 2007 Last Revised: 15 Oct 2016
U.S. Division of Monetary Affairs, University of Miami - Department of Finance, College of Business, Stony Brook University and University of Miami
Downloads 202 (87,016)

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human capital, income risk, affluent investors, stock returns

13.

Short Interest as a Signal to Issue Equity

Journal of Corporate Finance, Vol. 48, 797-815
Number of pages: 46 Posted: 22 Jan 2012 Last Revised: 06 Mar 2018
Florida State University - College of Business, Florida State University - College of Business, College of Business, Stony Brook University and Hofstra University - Frank G. Zarb School of Business
Downloads 187 (97,784)

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Real effects of arbitrage activities; short interest; seasoned equity offer; litigation; insider trading

14.

Investor Overreaction, Cross-Sectional Dispersion of Firm Valuations, and Expected Stock Returns

Number of pages: 67 Posted: 14 Mar 2006 Last Revised: 29 May 2014
Danling Jiang
College of Business, Stony Brook University
Downloads 149 (167,818)

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Overreaction, overconfidence, aggregate, cross-section, arbitrage

15.

Trust and Household Debt

Review of Finance, Forthcoming
Number of pages: 43 Posted: 05 Nov 2011 Last Revised: 16 Sep 2016
Danling Jiang and Sonya S. Lim
College of Business, Stony Brook University and DePaul University - Department of Finance
Downloads 146 (106,174)

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Trust, Trustworthiness, Household Debt, Culture, Early-Life Experiences

16.
Downloads 522 ( 46,675)

Lawyer CEOs

Number of pages: 42 Posted: 25 Feb 2017 Last Revised: 07 Mar 2018
University of Chicago - Law School, Florida State University - College of Business, College of Business, Stony Brook University and Florida State University
Downloads 522 (46,098)

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CEOs, litigation risk, corporate finance

17.

Cultural New Year Holidays and Stock Returns Around the World

Financial Management, 2016, 45(1), 3-35
Number of pages: 48 Posted: 11 Dec 2012 Last Revised: 08 Mar 2016
Kelley Bergsma and Danling Jiang
Ohio University and College of Business, Stony Brook University
Downloads 82 (175,338)

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Cultural New Year, Investor Mood, Individual Investors, Stock Returns, Cash Infusion

18.

The Preholiday Corporate Announcement Effect

Number of pages: 59 Posted: 09 Nov 2014 Last Revised: 22 Sep 2017
Don M. Autore and Danling Jiang
Florida State University - College of Business and College of Business, Stony Brook University
Downloads 44 (154,363)

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Corporate announcements, market reaction, preholiday effect, mood

19.

Is A Better than B? How Affect Influences the Marketing and Pricing of Financial Securities

Financial Analysts Journal, Vol. 66, No. 6, pp. 40-54, November/December 2010
Number of pages: 29 Posted: 16 Apr 2010 Last Revised: 26 Oct 2015
James S. Ang, Ansley Chua and Danling Jiang
Florida State University, Kansas State University and College of Business, Stony Brook University
Downloads 30 (424,959)

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Dual-Class Shares, Affect, Consumer Psychology, Initial Public Offering (IPO), IPO Underpricing, Behavioral Finance, Behavioral Biases, Representativeness and Affect Heuristics

20.

Individual Investors

Chapter 3 of Financial Behavior: Players, Services, Products, and Markets, edited by H. Kent Baker, Greg Filbeck, and Victor Ricciardi, Oxford University Press USA, New York, 2017
Posted: 26 May 2017 Last Revised: 07 Jun 2017
Henrik Cronqvist and Danling Jiang
University of Miami - Department of Finance and College of Business, Stony Brook University

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Individual investors, investor behavior, modern finance, holistic view

21.

The No-Short Return Premium

Number of pages: 46 Posted: 24 Jan 2017 Last Revised: 12 Feb 2018
Danling Jiang and Xiaoming Li
College of Business, Stony Brook University and Massey University - School of Economics and Finance (Albany)
Downloads 0 (179,324)

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Short-Sale Regulation; Return Comovement; Limits to Arbitrage; Mispricing

22.

Mood Beta and Seasonalities in Stock Returns

Number of pages: 60 Posted: 07 Dec 2016 Last Revised: 26 Mar 2018
David A. Hirshleifer, Danling Jiang and Yuting Meng
University of California, Irvine - Paul Merage School of Business, College of Business, Stony Brook University and University of South Florida - Department of Finance
Downloads 0 (28,505)

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Return Seasonality, Investor Mood, Mood Beta, Weather, Daylight Saving Time, Preholiday

Other Papers (2)

Total Downloads: 16    Citations: 0
1.

In Practice: Short Sale Restrictions Imply Higher Returns

CFA Institute, Asia-Pacific Research Exchange (ARX), April 2017
Number of pages: 3 Posted: 12 May 2017
Danling Jiang and Xiaoming Li
College of Business, Stony Brook University and Massey University - School of Economics and Finance (Albany)
Downloads 0

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Short-Sale Regulation, Return Comovement, Limits to Arbitrage, Mispricing

2.

In Practice: Paying Attention to Stock Ranking

CFA Institute, Asia-Pacific Research Exchange (ARX), April 2017
Number of pages: 3 Posted: 12 May 2017
Danling Jiang and Jingyu Cui
College of Business, Stony Brook University and State University of New York (SUNY), Stony Brook
Downloads 0

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Attention, Ranking, China Stock Market, Price Limit