Zhiyao Chen

The Chinese University of Hong Kong (CUHK) - Department of Finance

Shatin, N.T.

Hong Kong

SCHOLARLY PAPERS

7

DOWNLOADS
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Top 19,676

in Total Papers Downloads

2,384

CITATIONS
Rank 29,869

SSRN RANKINGS

Top 29,869

in Total Papers Citations

13

Scholarly Papers (7)

1.

Operating Leverage, Profitability and Capital Structure

CICF 2013 Shanghai, China; EFA 2013, Cambridge UK; 24th CFEA (Kenan-Flagler Business School)
Number of pages: 41 Posted: 31 Jan 2013 Last Revised: 22 Oct 2017
Zhiyao Chen, Jarrad Harford and Avraham Kamara
The Chinese University of Hong Kong (CUHK) - Department of Finance, University of Washington and University of Washington - Michael G. Foster School of Business
Downloads 1,287 (14,534)
Citation 4

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operating leverage, capital structure, financial leverage, trade-off theory,profitability, default risk

2.

Strategic Risk Shifting and the Idiosyncratic Volatility Puzzle

Rock Center for Corporate Governance at Stanford University Working Paper No. 182
Number of pages: 67 Posted: 31 Mar 2014 Last Revised: 26 Apr 2018
The Chinese University of Hong Kong (CUHK) - Department of Finance, Stanford University - Graduate School of Business, Rice University and Tsinghua University - PBC School of Finance
Downloads 450 (62,347)
Citation 5

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risk-shifting, idiosyncratic volatility puzzle, profitability, agency conflict

3.

Is the Size Premium Really Driven by Firm Size

Number of pages: 47 Posted: 17 Jan 2017 Last Revised: 30 May 2019
Zhiyao Chen, Jun Li and Huijun Wang
The Chinese University of Hong Kong (CUHK) - Department of Finance, University of Texas at Dallas and University of Melbourne
Downloads 232 (130,178)
Citation 1

Abstract:

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Firm Size, Size Premium, Decomposition

4.

A Unified Model of Distress Risk Puzzles

Stanford University Graduate School of Business Research Paper No. 19-9
Number of pages: 72 Posted: 16 Dec 2018 Last Revised: 28 Jan 2019
The Chinese University of Hong Kong (CUHK) - Department of Finance, Boston University - Department of Finance & Economics and Stanford University - Graduate School of Business
Downloads 174 (171,056)
Citation 2

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financial distress, distress risk premium, failure probability, structural model

5.

Macroeconomic Risk and Idiosyncratic Risk-Taking

Review of Financial Studies, Forthcoming
Number of pages: 73 Posted: 21 Oct 2017 Last Revised: 26 Apr 2018
Zhiyao Chen and Ilya A. Strebulaev
The Chinese University of Hong Kong (CUHK) - Department of Finance and Stanford University - Graduate School of Business
Downloads 172 (171,918)

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risk-shifting, macroeconomic risk, business cycle, agency conflicts, bankruptcy, financial leverage, simulated method of moments, idiosyncratic volatility puzzle

6.

Do Nonfinancial Firms Use Financial Assets to Risk-Shift? Evidence from the 2014 Oil Price Crisis

Number of pages: 51 Posted: 08 Dec 2018 Last Revised: 25 May 2019
Zhiyao Chen and Ran Duchin
The Chinese University of Hong Kong (CUHK) - Department of Finance and University of Washington - Michael G. Foster School of Business
Downloads 50 (383,511)
Citation 1

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risky financial assets, risk-shifting, debt maturity, collateral

7.

A Simplified Pricing Model for Volatility Futures

Journal of Future Markets, Volume 31, Issue 4, April 2011, Pages 307-339
Number of pages: 39 Posted: 23 May 2019
Florida International University - College of Business Administration - Finance, Florida International University (FIU) - Department of Finance and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 19 (521,053)
Citation 7

Abstract:

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volatility, VIX futures