Wai-Man (Raymond) Liu

School of Finance, Actuarial Studies & Statistics, Australian National University

Associate Professor

Building 26c College of Business & Economics

Australian National University

Acton, Canberra ACT, Australian Capital Territory 2601

Australia

http://https://researchers.anu.edu.au/researchers/liu-wm

SCHOLARLY PAPERS

15

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CITATIONS
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17

Scholarly Papers (15)

1.

Strategic Order Submission and Cancellation in Pre-Opening Periods: The Case of IPO Firms

Number of pages: 52 Posted: 22 Mar 2009 Last Revised: 22 May 2016
Joseph Kuk, Wai-Man (Raymond) Liu and Peter K. Pham
Colonial First State Global Asset Management, School of Finance, Actuarial Studies & Statistics, Australian National University and Australian School of Business - University of New South Wales
Downloads 365 (66,859)
Citation 2

Abstract:

Pre-opening periods, initial public offerings, price discovery, market manipulation

2.

Effects of Political Monopoly of the Ruling Elite on the Extent of the Market, Income Distribution, and Development

Number of pages: 32 Posted: 30 May 2001
Wai-Man (Raymond) Liu and Xiaokai Yang
School of Finance, Actuarial Studies & Statistics, Australian National University and Monash University - Department of Economics
Downloads 277 (89,664)
Citation 1

Abstract:

Network effect of division of labor, specialization, the extent of the market, income distribution, political monopoly

3.

Limit Order Revisions

Number of pages: 33 Posted: 14 Mar 2006 Last Revised: 16 Dec 2009
Kingsley Y. L. Fong and Wai-Man (Raymond) Liu
University of New South Wales - School of Banking and Finance and School of Finance, Actuarial Studies & Statistics, Australian National University
Downloads 240 (100,737)
Citation 5

Abstract:

market microstructure, limit orders, free trading option risk, non-execution risk

4.

Monitoring and Limit Order Submission Risks

Journal of Financial Markets, Forthcoming
Number of pages: 41 Posted: 01 Aug 2007
Wai-Man (Raymond) Liu
School of Finance, Actuarial Studies & Statistics, Australian National University
Downloads 194 (116,058)
Citation 9

Abstract:

Limit orders, Free trading option, Non-execution risk, News monitoring

5.

Migration of Trading and the Introduction of Single Stock Futures on the Underlying U.S. Stocks

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 34 Posted: 25 Aug 2008 Last Revised: 08 Sep 2009
André Gygax, Thomas Henker, Wai-Man (Raymond) Liu and Kok Wen Loong
University of Melbourne - Department of Finance, Bond University, School of Finance, Actuarial Studies & Statistics, Australian National University and affiliation not provided to SSRN
Downloads 159 (151,703)

Abstract:

Migration of trading, Liquidity Trading, Informed Trading

6.

Elections, Political Competition and Bank Failure

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 14 Dec 2012 Last Revised: 28 Aug 2014
Wai-Man (Raymond) Liu and Phong T. H. Ngo
School of Finance, Actuarial Studies & Statistics, Australian National University and Australian National University (ANU)
Downloads 131 (124,386)

Abstract:

bank failure, elections, political competition/control

7.

Harnessing media attention: Strategic press releases around earnings announcements

Paris December 2014 Finance Meeting EUROFIDAI - AFFI Paper
Number of pages: 52 Posted: 29 Aug 2014 Last Revised: 31 Aug 2017
Wai-Man (Raymond) Liu, Phong T. H. Ngo and Qiaoqiao Zhu
School of Finance, Actuarial Studies & Statistics, Australian National University, Australian National University (ANU) and Australian National University (ANU) - College of Business and Economics
Downloads 104 (162,778)

Abstract:

strategic press releases, media coverage, earnings announcements

8.

The Impact of Strategic Order Activity During Trading Halts

Number of pages: 58 Posted: 15 Oct 2011
Wai-Man (Raymond) Liu, James Panaust and Bohui Zhang
School of Finance, Actuarial Studies & Statistics, Australian National University, JP Morgan and University of New South Wales (UNSW) - School of Banking and Finance
Downloads 84 (227,517)

Abstract:

strategic order submission, order cancellation, trading halt, price discovery, order book manipulation

9.

Voting with Your Feet: Political Competition and Internal Migration in the United States

Number of pages: 48 Posted: 23 Oct 2012
Wai-Man (Raymond) Liu and Phong T. H. Ngo
School of Finance, Actuarial Studies & Statistics, Australian National University and Australian National University (ANU)
Downloads 40 (327,978)

Abstract:

political competition, internal migration, welfare, voting rights act

10.

Preface to: Inframarginal Economics

Increasing Returns and Inframarginal Economics, Vol. 4, 2008
Number of pages: 4 Posted: 22 Apr 2010
Xiaokai Yang and Wai-Man (Raymond) Liu
Monash University - Department of Economics and School of Finance, Actuarial Studies & Statistics, Australian National University
Downloads 24 (380,382)

Abstract:

Inframarginal Economics, Inframarginal Analysis, Division of Labor, Specialization, Network Effects, Smithian Framework, Transaction Costs

11.

Effects of Political Monopoly on Economic Development

Pacific Economic Review, Vol. 12, No. 1, pp. 69-78, February 2007
Number of pages: 10 Posted: 07 Feb 2007
Wai-Man (Raymond) Liu and Xiaokai Yang
School of Finance, Actuarial Studies & Statistics, Australian National University and Monash University - Department of Economics
Downloads 17 (464,725)
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Abstract:

12.

General Equilibrium Analysis of Hold‐Up Problem and Non‐Exclusive Franchise Contract

Pacific Economic Review, Vol. 15, Issue 5, pp. 674-684, 2010
Number of pages: 11 Posted: 01 Jan 2011
Chihning Chu and Wai-Man (Raymond) Liu
Chung Yuan Christian University and School of Finance, Actuarial Studies & Statistics, Australian National University
Downloads 1 (550,765)
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Abstract:

13.

The Impact of Broker Market Structure on Stock Liquidity

Number of pages: 47 Posted: 12 Jul 2016 Last Revised: 29 Sep 2016
Wai-Man (Raymond) Liu, Joshua Iyn Zhou Soo and Geoff Warren
School of Finance, Actuarial Studies & Statistics, Australian National University, Deloitte Australia and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics
Downloads 0 (372,977)

Abstract:

Market liquidity, Stockbroking, Industrial organization

14.

Price Dynamics in Global Crude Oil Markets

Journal of Futures Markets, Forthcoming
Posted: 13 Oct 2012 Last Revised: 12 Feb 2014
Wai-Man (Raymond) Liu, Emma Schultz and John Swieringa
School of Finance, Actuarial Studies & Statistics, Australian National University, Australian National University (ANU) and Australian National University (ANU)

Abstract:

Price Dynamics, Crude Oil, Brent, WTI

15.

Public Information Arrival and Volatility of Intraday Stock Returns

Journal of Banking and Finance, Vol. 28, 2004
Posted: 26 Jun 2003 Last Revised: 14 Feb 2014
Petko S. Kalev, Wai-Man (Raymond) Liu, Peter K. Pham and Elvis Jarnecic
La Trobe Business School, School of Finance, Actuarial Studies & Statistics, Australian National University, Australian School of Business - University of New South Wales and The University of Sydney

Abstract:

ARCH, Public Information Arrival, Mixture of Distribution Hypothesis, Trading Volume, Volatility Persistence