Wenlan Qian

National University of Singapore - NUS Business School

Associate Professor of Finance

15 Kent Ridge Drive

Singapore 117592, 119245

Singapore

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

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 3,158

SSRN RANKINGS

Top 3,158

in Total Papers Downloads

12,572

SSRN CITATIONS
Rank 5,407

SSRN RANKINGS

Top 5,407

in Total Papers Citations

108

CROSSREF CITATIONS

109

Scholarly Papers (34)

1.

The Impact of the COVID-19 Pandemic on Consumption: Learning from High Frequency Transaction Data

Number of pages: 51 Posted: 06 Apr 2020 Last Revised: 29 Apr 2020
Haiqiang Chen, Wenlan Qian and Qiang Wen
Xiamen University, National University of Singapore - NUS Business School and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 2,645 (5,059)
Citation 7

Abstract:

Loading...

COVID-19, coronavirus, pandemic, consumption, economic impact, policy response, fiscal stimulus, transaction data

2.
Downloads 1,505 ( 12,756)
Citation 18

How Constraining Are Limits to Arbitrage?

Institute of Global Finance Working Paper No. 7
Number of pages: 69 Posted: 20 Nov 2013 Last Revised: 06 May 2016
Alexander Ljungqvist and Wenlan Qian
Stockholm School of Economics and National University of Singapore - NUS Business School
Downloads 1,433 (13,542)
Citation 2

Abstract:

Loading...

Informational arbitrage, limits to arbitrage, short sale constraints, mispricing, short selling, activist short sellers, trading strategies, behavioral finance, market efficiency

How Constraining are Limits to Arbitrage? Evidence from a Recent Financial Innovation

NBER Working Paper No. w19834
Number of pages: 52 Posted: 25 Jan 2014 Last Revised: 05 Feb 2014
Alexander Ljungqvist and Wenlan Qian
Stockholm School of Economics and National University of Singapore - NUS Business School
Downloads 72 (353,504)
Citation 2

Abstract:

Loading...

3.

The Real Impact of FinTech: Evidence from Mobile Payment Technology

Number of pages: 56 Posted: 13 Apr 2020
National University of Singapore, National University of Singapore - NUS Business School, National University of Singapore (NUS) - NUS Business School, National University of Singapore (NUS), Department of Economics and National University of Singapore - Business School
Downloads 800 (32,794)
Citation 3

Abstract:

Loading...

FinTech, Mobile payment, Cash, Credit card, Real effect, Small business, Business creation, Entrepreneurship, Consumption, Banking, Digital economy, Transaction cost, Inclusive growth

4.

Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission

Number of pages: 57 Posted: 27 Dec 2018 Last Revised: 16 Jul 2019
National University of Singapore, Wisconsin School of Business, University of Wisconsin-Madison, Peking University, Nankai University, National University of Singapore - NUS Business School and National University of Singapore (NUS) - NUS Business School
Downloads 793 (33,007)
Citation 1

Abstract:

Loading...

Consumption, Monetary Policy, Disposable Income Shocks, MPC, Mortgage, Housing, Policy, Constraints, Credit Access, Wealthy Hand-to-Mouth, Debt, Deleverage, Credit Cards, Household Finance, China

5.

Consumption and Debt Response to Unanticipated Income Shocks: Evidence from a Natural Experiment in Singapore

Number of pages: 77 Posted: 04 Apr 2013 Last Revised: 24 Jul 2014
Sumit Agarwal and Wenlan Qian
National University of Singapore and National University of Singapore - NUS Business School
Downloads 645 (43,749)
Citation 43

Abstract:

Loading...

Consumption, Spending, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Fiscal Policy, Tax Rebates, Liquidity Constraints, Credit Constraints, Precautionary Savings, Anticipated and Unanticipated Income Shocks, Announcement Effects.

6.

Mobile Wallet and Entrepreneurial Growth

Number of pages: 30 Posted: 27 Dec 2018
National University of Singapore, National University of Singapore - NUS Business School, National University of Singapore - Business School and Hong Kong Baptist University (HKBU)
Downloads 589 (49,290)
Citation 4

Abstract:

Loading...

mobile wallet, cashless payment, entrepreneurship, small business, sales growth, credit card, debit card, banking, fintech, digital economy

7.

Competition of the Informed: Does the Presence of Short Sellers Affect Insider Selling?

Journal of Financial Economics (JFE), Forthcoming, INSEAD Working Paper No. 2014/63/FIN
Number of pages: 51 Posted: 10 Dec 2014 Last Revised: 11 Dec 2014
Massimo Massa, Wenlan Qian, Weibiao Xu and Hong Zhang
INSEAD - Finance, National University of Singapore - NUS Business School, National University of Singapore (NUS) and Tsinghua University - PBC School of Finance
Downloads 523 (57,196)
Citation 8

Abstract:

Loading...

Short Selling, Insider Trading, Informed Trader, Market Efficiency

8.

Access to Home Equity and Consumption: Evidence from a Policy Experiment

Number of pages: 47 Posted: 19 Jun 2013 Last Revised: 30 Sep 2015
Sumit Agarwal and Wenlan Qian
National University of Singapore and National University of Singapore - NUS Business School
Downloads 521 (57,452)
Citation 13

Abstract:

Loading...

Consumption, Spending, Debt, Credit Cards, Home Equity, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Precautionary Savings, Credit Constraints

9.

Age of Decision: Pension Savings Withdrawal and Consumption and Debt Response

Number of pages: 56 Posted: 28 Aug 2014 Last Revised: 24 Apr 2018
Sumit Agarwal, Jessica Pan and Wenlan Qian
National University of Singapore, National University of Singapore (NUS) and National University of Singapore - NUS Business School
Downloads 510 (59,016)
Citation 6

Abstract:

Loading...

Aging, Pension Savings, Consumption, Spending, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Liquidity Constraints, Credit Constraints

10.

Disaggregated Sales and Stock Returns

Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 55 Posted: 09 Jan 2017 Last Revised: 28 May 2020
Sumit Agarwal, Wenlan Qian and Xin Zou
National University of Singapore, National University of Singapore - NUS Business School and Hong Kong Baptist University (HKBU)
Downloads 490 (62,051)
Citation 1

Abstract:

Loading...

return predictability, informed investors, disaggregated sales, customer demand, credit cards, consumption, household finance, financial institution, big data

11.

Disguised Corruption: Evidence from Consumer Credit in China

Number of pages: 68 Posted: 13 Apr 2018 Last Revised: 06 Dec 2018
Sumit Agarwal, Wenlan Qian, Amit Seru and Jian Zhang
National University of Singapore, National University of Singapore - NUS Business School, Stanford University and The University of Hong Kong - Faculty of Business and Economics
Downloads 474 (64,704)
Citation 10

Abstract:

Loading...

Corruption, Credit Cards, Credit, Debt, Household Finance, Government, Bureaucrats, Banking, Political Connections, China

12.

Thy Neighbor’s Misfortune: Peer Effect on Consumption

Number of pages: 77 Posted: 19 May 2016 Last Revised: 23 Jun 2020
Sumit Agarwal, Wenlan Qian and Xin Zou
National University of Singapore, National University of Singapore - NUS Business School and Hong Kong Baptist University (HKBU)
Downloads 368 (87,362)
Citation 11

Abstract:

Loading...

Peer Effect, Social Multiplier, Consumption, Spending, Bankruptcy, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending

13.

Housing Booms and Shirking

Number of pages: 60 Posted: 19 Jun 2018 Last Revised: 06 May 2020
Quanlin Gu, Jia He and Wenlan Qian
Peking University, Nankai University and National University of Singapore - NUS Business School
Downloads 336 (96,818)

Abstract:

Loading...

housing booms, house wealth, incentive cost, shirking, effort, productivity, credit card, household finance, land auction, China

Tax Differential and Cross-Border Shopping: Evidence from Singapore

Number of pages: 49 Posted: 08 May 2013 Last Revised: 02 Mar 2017
National University of Singapore, Office of the Comptroller of the Currency (OCC), National University of Singapore - NUS Business School and National University of Singapore (NUS)
Downloads 231 (143,079)
Citation 2

Abstract:

Loading...

Consumption, Spending, Credit Cards, Household Finance, Banks, Discretionary Spending, Fiscal Policy, Tax

Tax Differential and Cross-Border Shopping: Evidence from Singapore

Georgetown McDonough School of Business Research Paper No. 3038550
Number of pages: 41 Posted: 19 Sep 2017 Last Revised: 12 Apr 2018
National University of Singapore, Office of the Comptroller of the Currency (OCC), National University of Singapore - NUS Business School and Nankai University - School of Finance
Downloads 80 (332,289)
Citation 2

Abstract:

Loading...

Cross Border Shopping, Consumption, Spending, Credit Cards, Household Finance, Banks, Discretionary Spending, Fiscal Policy, Taxation

15.

Speculative Investors and Transactions Tax: Evidence from the Housing Market

Number of pages: 51 Posted: 19 Sep 2011 Last Revised: 22 Apr 2015
Yuming Fu, Wenlan Qian and Bernard Yin Yeung
National University of Singapore, National University of Singapore - NUS Business School and National University of Singapore - Business School
Downloads 293 (112,481)
Citation 1

Abstract:

Loading...

transaction tax, volatility, speculators, informed traders, noise traders, housing market

16.

Golf Buddies and Board Diversity

Number of pages: 17 Posted: 13 Dec 2015
National University of Singapore, National University of Singapore - NUS Business School, National University of Singapore and National University of Singapore (NUS) - Department of Real Estate
Downloads 291 (113,306)
Citation 1

Abstract:

Loading...

Board of Directors, Golf, Gender, Board Diversity

17.

The Composition Effect of Consumption around Retirement: Evidence from Singapore

Number of pages: 18 Posted: 01 Nov 2014
Sumit Agarwal, Jessica Pan and Wenlan Qian
National University of Singapore, National University of Singapore (NUS) and National University of Singapore - NUS Business School
Downloads 237 (140,015)
Citation 6

Abstract:

Loading...

Life Cycle, Aging, Pension Savings, Consumption, Spending, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Liquidity Constraints, Credit Constraints

18.

Does (and What) Illiquidity Matter for Real Estate Prices? Measure and Evidence

Number of pages: 38 Posted: 21 Jan 2012
Wenlan Qian and Peng Liu
National University of Singapore - NUS Business School and Cornell University - S.C. Johnson College of Business
Downloads 197 (166,873)
Citation 6

Abstract:

Loading...

liquidity, real estate, price impact, search cost, flight-to-liquidity, crisis

19.

Dragon Babies

Georgetown McDonough School of Business Research Paper No. 3032575
Number of pages: 54 Posted: 08 Sep 2017 Last Revised: 27 Jan 2019
National University of Singapore, National University of Singapore - NUS Business School, National University of Singapore (NUS) - Department of Real Estate and National University of Singapore (NUS) - Lee Kuan Yew School of Public Policy
Downloads 195 (168,427)
Citation 3

Abstract:

Loading...

Cohort Size, Cohort Effect, Superstition, Fertility, Education, Income, Consumption, Consumer Behavior, Household Finance

20.

The Effectiveness of Housing Collateral Tightening Policy

Number of pages: 46 Posted: 15 Feb 2017 Last Revised: 12 Apr 2018
National University of Singapore, National University of Singapore (NUS) and National University of Singapore - NUS Business School
Downloads 161 (199,350)
Citation 4

Abstract:

Loading...

credit supply, mortgage market, household finance

21.

The Hidden Peril: The Role of the Condo Loan Market in the Recent Financial Crisis

Number of pages: 48 Posted: 08 Nov 2012 Last Revised: 07 May 2014
National University of Singapore, Wisconsin School of Business, University of Wisconsin-Madison, National University of Singapore (NUS) - Department of Real Estate and National University of Singapore - NUS Business School
Downloads 128 (239,936)

Abstract:

Loading...

Financial Crisis, Condo Market, Default, Mortgages, Household Finance, Investors, Speculators, Subprime Mortgages

22.

Short Term Buyers and Housing Market Dynamics

Number of pages: 45 Posted: 12 Sep 2008 Last Revised: 01 Feb 2012
Robert H. Edelstein and Wenlan Qian
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and National University of Singapore - NUS Business School
Downloads 122 (248,687)

Abstract:

Loading...

transaction cost, trading volume, return predictability, housing market, short term investors

Speculators and Price Overreaction in the Housing Market

Number of pages: 42 Posted: 18 Mar 2011 Last Revised: 23 Oct 2012
Yuming Fu and Wenlan Qian
National University of Singapore and National University of Singapore - NUS Business School
Downloads 104 (280,525)

Abstract:

Loading...

short-term speculators, price overreaction, momentum trading, housing market

Speculators and Price Overreaction in the Housing Market

Real Estate Economics, Vol. 42, Issue 4, pp. 977-1007, 2014
Number of pages: 31 Posted: 28 Nov 2014
Yuming Fu and Wenlan Qian
National University of Singapore and National University of Singapore - NUS Business School
Downloads 1 (734,429)
Citation 3
  • Add to Cart

Abstract:

Loading...

Speculators and Price Overreaction in the Housing Market

Real Estate Economics, Forthcoming
Posted: 17 Apr 2013
Yuming Fu and Wenlan Qian
National University of Singapore and National University of Singapore - NUS Business School

Abstract:

Loading...

short-term speculators, price overreaction, momentum trading, housing market

Why Do Sellers Hold Out in the Housing Market? An Option-Based Explanation

Number of pages: 44 Posted: 24 Jul 2010 Last Revised: 31 Jan 2012
Wenlan Qian
National University of Singapore - NUS Business School
Downloads 85 (320,139)
Citation 1

Abstract:

Loading...

trading volume, real estate liquidity, housing market, real options

Why Do Sellers Hold Out in the Housing Market? An Option‐Based Explanation

Real Estate Economics, Vol. 41, Issue 2, pp. 384-417, 2013
Number of pages: 34 Posted: 18 Jun 2013
Wenlan Qian
National University of Singapore - NUS Business School
Downloads 0
Citation 1
  • Add to Cart

Abstract:

Loading...

Why Do Sellers Hold Out in the Housing Market? An Option-Based Explanation

Real Estate Economics, Forthcoming
Posted: 22 Feb 2012
Wenlan Qian
National University of Singapore - NUS Business School

Abstract:

Loading...

trading volume, liquidity, housing market, real options

25.

The Ownership Complaint Gap: Mutual vs. Stock Intermediaries

Number of pages: 46 Posted: 16 Feb 2019
Jiang Cheng, Wenlan Qian and David M. Reeb
Lingnan University, National University of Singapore - NUS Business School and National University of Singapore
Downloads 69 (357,791)
Citation 1

Abstract:

Loading...

Organizational Structure; Insurance; Regulation; Consumer Complaints; Financial Intermediary; Ownership; Consumer Financial Protection; Property-Casualty; Claim Delay; Claim Denial

26.

Consumption Response to Temporary Price Shock: Evidence from Singapore's Annual Sale Event

Georgetown McDonough School of Business Research Paper No. 3035787
Number of pages: 42 Posted: 14 Sep 2017 Last Revised: 07 Oct 2017
Sumit Agarwal, Kang Mo Koo and Wenlan Qian
National University of Singapore, Deakin University-Department of Finance and National University of Singapore - NUS Business School
Downloads 55 (400,872)
Citation 2

Abstract:

Loading...

Consumption, Great Singapore Sale, credit card, debit card, household finance, spending, transitory shocks, fiscal stimulus program

27.
Downloads 47 (429,193)
Citation 5

How Constraining Are Limits to Arbitrage?

27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 57 Posted: 22 Aug 2014
Alexander Ljungqvist and Wenlan Qian
Stockholm School of Economics and National University of Singapore - NUS Business School
Downloads 41 (462,349)
Citation 2

Abstract:

Loading...

Informational arbitrage, limits to arbitrage; short sale constraints; mispricing; short selling; activist short sellers; trading strategies; behavioral finance; market efficiency

How Constraining are Limits to Arbitrage?

Number of pages: 58 Posted: 29 Jul 2014
Alexander Ljungqvist and Wenlan Qian
Stockholm School of Economics and National University of Singapore - NUS Business School
Downloads 6 (684,170)
Citation 5

Abstract:

Loading...

informational arbitrage; limits to arbitrage; short sale constraints; mispricing; short selling; activist short sellers; trading strategies; behavioral finance; market efficiency

28.

Unintended Consequences of Demand-Side Housing Policies: Evidence from Capital Reallocation

Number of pages: 58 Posted: 15 Apr 2020
Wenlan Qian, Hong Tu, Jing Wu and Weibiao Xu
National University of Singapore - NUS Business School, School of Finance,Nankai University, Tsinghua University - Hang Lung Center for Real Estate and Nankai University - School of Finance
Downloads 34 (483,673)

Abstract:

Loading...

housing market, housing demand, housing policies, expectation formation, extrapolative belief, stock market participation, investment choice, resource allocation

29.

Speculative Investors and Tobin's Tax in the Housing Market

NBER Working Paper No. w19400
Number of pages: 44 Posted: 06 Sep 2013
Yuming Fu, Wenlan Qian and Bernard Yin Yeung
National University of Singapore, National University of Singapore - NUS Business School and National University of Singapore - Business School
Downloads 20 (561,897)

Abstract:

Loading...

30.

Consumption Response to Permanent Tax Increase: A Ricardian Equivalence Response to Re-distribution

Number of pages: 52 Posted: 24 Apr 2020
National University of Singapore, National University of Singapore - NUS Business School, National University of Singapore - Business School and National University of Singapore
Downloads 14 (600,577)

Abstract:

Loading...

Income Tax, Consumption, Richardian Equivalence, Redistributive Policy, Fiscal Policy

31.

Supporting Seniors: How Low-Income Elderly Individuals Respond to a Retirement Support Program

Number of pages: 50
National University of Singapore, National University of Singapore - NUS Business School, National University of Singapore (NUS) - Department of Finance and National University of Singapore - Business School
Downloads 5

Abstract:

Loading...

retirement support, cash transfer, consumption, liquidity constraints

32.

Does E-Commerce Crowd in Consumer Spending Offline?

Number of pages: 47 Posted: 29 Jun 2020
Haiqiang Chen and Wenlan Qian
Xiamen University - Wang Yanan Institute for studies in Economics and National University of Singapore - NUS Business School
Downloads 4 (670,168)

Abstract:

Loading...

Spending, Consumption, E-Commerce, Online, Offline, Redistributive Effect, Stimulus Program, Credit Card, Debit Card, Household Finance, Shopping Holiday, Singles Day, China

33.

Short-Term Buyers and Housing Market Dynamics

Journal of Real Estate Finance and Economics, Vol. 49, No. 4, 2014
Posted: 15 Nov 2014
Robert H. Edelstein and Wenlan Qian
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and National University of Singapore - NUS Business School

Abstract:

Loading...

Trading volume; Return predictability; Housing markets; Short term buyers

34.

Smart Institutions: The Sell Side of It

Posted: 29 Mar 2010 Last Revised: 15 Jan 2019
Wenlan Qian
National University of Singapore - NUS Business School

Abstract:

Loading...

institutional investors, return predictability, information advantage, market efficiency