Hao Wang

Tsinghua University

Associate Professor of Finance

318 Weilun Building

Tsinghua University

Beijing, 100084

China

  • Tsinghua University

    • Email
    • Tel: 86 10 62797482
    • Fax: 86 10 62794554
SCHOLARLY PAPERS

16

DOWNLOADS
Rank 6,180

SSRN RANKINGS

Top 6,180

in Total Papers Downloads

7,260

SSRN CITATIONS
Rank 10,420

SSRN RANKINGS

Top 10,420

in Total Papers Citations

30

CROSSREF CITATIONS

66

Scholarly Papers (16)

Actions:
Email selected abstracts
1.

Can Structural Models Price Default Risk? New Evidence from Bond and Credit Derivative Markets

EFA 2005 Moscow Meetings Paper
Number of pages: 40 Posted: 27 Jan 2005 Last Revised: 16 Oct 2008
Jan Ericsson, Joel Reneby and Hao Wang
McGill University, Stockholm School of Economics - Department of Finance and Tsinghua University
Downloads 1,863 (8,583)
Citation 55

Abstract:

Loading...

Credit risk, credit derivatives, corporate bonds, structural models

2.

Shadow Banking: China's Dual-Track Interest Rate Liberalization

Number of pages: 61 Posted: 14 May 2015 Last Revised: 07 Oct 2019
Hao Wang, Honglin Wang, Lisheng Wang and Hao Zhou
Tsinghua University, Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), The Chinese University of Hong Kong (CUHK) - Department of Economics and Tsinghua University - PBC School of Finance
Downloads 1,285 (15,521)
Citation 15

Abstract:

Loading...

Shadow banking, interest rate liberalization, dual-track reform, Kaldor-Hicks improvement, Pareto improvement

3.

Credit Default Swap Spreads and Variance Risk Premia

Downloads 795 ( 28,268)
Citation 8

Credit Default Swap Spreads and Variance Risk Premia

Number of pages: 42 Posted: 25 Oct 2009 Last Revised: 12 Jun 2011
Hao Wang, Hao Zhou and Yi Zhou
Tsinghua University, Tsinghua University - PBC School of Finance and San Francisco State University
Downloads 481 (60,041)
Citation 1

Abstract:

Loading...

variance risk premia, credit default swap spreads, option-implied variance, expected variance, realized variance

Credit Default Swap Spreads and Variance Risk Premia

AFA 2011 Denver Meetings Paper
Number of pages: 42 Posted: 11 Mar 2010 Last Revised: 05 Sep 2010
Hao Wang, Hao Zhou and Yi Zhou
Tsinghua University, Tsinghua University - PBC School of Finance and San Francisco State University
Downloads 314 (99,291)
Citation 4

Abstract:

Loading...

Variance Risk Premia, Credit Default Swap Spreads, Option-Implied Variance, Expected Variance, Realized Variance

4.

Stock Return Volatility and Capital Structure Decisions

PBCSF-NIFR Research Paper No. 13-04
Number of pages: 42 Posted: 29 Oct 2013 Last Revised: 19 Feb 2016
Hui Chen, Hao Wang and Hao Zhou
Massachusetts Institute of Technology, Tsinghua University and Tsinghua University - PBC School of Finance
Downloads 584 (47,459)
Citation 8

Abstract:

Loading...

Stock Return Volatility, Leverage Ratio, Surprise Shocks, Idiosyncratic Volatility, Uncertainty

5.

Managerial Entrenchment, Equity Payout and Capital Structure

Journal of Banking and Finance, Vol. 35, No. 1, 2011
Posted: 15 Mar 2006 Last Revised: 21 Jan 2020
Hao Wang
Tsinghua University
Downloads 569 (49,134)

Abstract:

Loading...

Managerial Entrenchment, Equity Payout, Capital Structure, Bivariate Lattice Model, Security Valuation

6.

China's Secondary Privatization: Perspectives from the Split-Share Structure Reform

Journal of Financial Economics (JFE), Forthcoming, PBCSF-NIFR Research Paper No. 12-01
Number of pages: 56 Posted: 09 Apr 2012 Last Revised: 18 May 2016
Li Liao, Bibo Liu and Hao Wang
Tsinghua University - School of Economics & Management, Tsinghua University - PBC School of Finance and Tsinghua University
Downloads 515 (55,698)
Citation 11

Abstract:

Loading...

The Split-Share Structure Reform, privatization, state-owned enterprise, financial reform, market mechanism

7.

Downside Risk and Corporate Policies: A Text-Based Analysis

Number of pages: 59 Posted: 15 Feb 2016 Last Revised: 13 May 2018
Doron Avramov, Minwen Li and Hao Wang
Interdisciplinary Center (IDC) Herzliyah, Tsinghua Universitiy - School of Economics and Management and Tsinghua University
Downloads 332 (93,892)
Citation 2

Abstract:

Loading...

risk shock, corporate policies, texual analysis

8.

Information Discovery in Share Lockups: Evidence from the Split-share Structure Reform in China

Financial Management, Forthcoming., PBCSF-NIFR Research Paper No. 08-01
Number of pages: 41 Posted: 16 Oct 2008 Last Revised: 18 Feb 2016
Li Liao, Bibo Liu and Hao Wang
Tsinghua University - School of Economics & Management, Tsinghua University - PBC School of Finance and Tsinghua University
Downloads 288 (109,699)
Citation 2

Abstract:

Loading...

Information Discovery, Lockup Expiration, Split-share Structure Reform, Institutional Investors, Abnormal Stock Returns

9.

What Risks Do Corporate Bond Put Features Insure Against?

Number of pages: 43 Posted: 16 Mar 2007 Last Revised: 21 Jan 2020
Jan Ericsson, Redouane Elkamhi and Hao Wang
McGill University, University of Toronto - Rotman School of Management and Tsinghua University
Downloads 254 (125,192)

Abstract:

Loading...

Putable Bonds, Credit Risk, Liquidity Premium, Bivariate Lattice

10.

The Value of Shareholder Activism: New Evidence from the Split-Share Structure Reform in China

Number of pages: 32 Posted: 17 Dec 2008
Li Liao, Meijuan Shi and Hao Wang
Tsinghua University - School of Economics & Management, Tsinghua University and Tsinghua University
Downloads 233 (136,500)
Citation 1

Abstract:

Loading...

11.

Risk Shocks, Uncertainty Shocks, and Corporate Policies

Number of pages: 55 Posted: 15 Dec 2014 Last Revised: 30 Jun 2015
Doron Avramov, Minwen Li and Hao Wang
Interdisciplinary Center (IDC) Herzliyah, Tsinghua Universitiy - School of Economics and Management and Tsinghua University
Downloads 204 (154,923)
Citation 2

Abstract:

Loading...

risk, uncertainty, leverage, investment, employment, payoutS, cash holdings, textual analysis

12.

Return Ambiguity, Portfolio Choice, and Asset Pricing

Number of pages: 32 Posted: 28 Nov 2017 Last Revised: 12 Nov 2018
Yu Liu, Hao Wang and Lihong Zhang
Tsinghua University, Tsinghua University and Tsinghua University - School of Economics & Management
Downloads 120 (242,039)

Abstract:

Loading...

Return ambiguity, model robustness, ambiguity preferences, portfolio choice, asset pricing

13.

What Affects Credit Rating Informativeness in China? Evidence from Upgrades in the Banking Sector

Number of pages: 44 Posted: 22 Aug 2018 Last Revised: 26 Nov 2019
Shida Liu and Hao Wang
Tsinghua University - School of Economics & Management and Tsinghua University
Downloads 98 (278,961)

Abstract:

Loading...

Rating informativeness, rating standard, rating inflation, regulatory arbitrage, Interbank Negotiable Certificate of Deposit

14.

Competitive Trading and Endogenous Learning of Asymmetrically Informed Investors

Number of pages: 46 Posted: 25 Jan 2014 Last Revised: 13 Feb 2014
Yu Liu, Hao Wang and Lihong Zhang
Tsinghua University, Tsinghua University and Tsinghua University - School of Economics & Management
Downloads 85 (305,328)

Abstract:

Loading...

private information asymmetry, strategic trading, endogenous learning, market micro-structure, information disclosure

15.

An Option Pricing Model with Probability Measure Ambiguity

Number of pages: 48 Posted: 12 Feb 2020 Last Revised: 23 Feb 2020
Yu Liu, Hao Wang and Lihong Zhang
Tsinghua University, Tsinghua University and Tsinghua University - School of Economics & Management
Downloads 21 (535,459)

Abstract:

Loading...

probability measure ambiguity, pricing kernel, equivalent martingale measure, call-put parity, ambiguity premium, volatility smile

16.

Volatility Ambiguity, Consumption and Asset Prices

Number of pages: 48 Posted: 08 Feb 2020
Yu Liu, Hao Wang, Tan Wang and Lihong Zhang
Tsinghua University, Tsinghua University, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Tsinghua University - School of Economics & Management
Downloads 14 (578,701)

Abstract:

Loading...

Volatility ambiguity, ambiguity aversion, ambiguity index, ambiguity measure, ambiguity penalty