Tao Shu

The Chinese University of Hong Kong (CUHK) - CUHK Business School

Cheng Yu Tung Building

12 Chak Cheung Street

Shatin, N.T.

Hong Kong

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 3,105

SSRN RANKINGS

Top 3,105

in Total Papers Downloads

21,222

SSRN CITATIONS
Rank 4,784

SSRN RANKINGS

Top 4,784

in Total Papers Citations

308

CROSSREF CITATIONS

71

Scholarly Papers (29)

1.

Who Drove and Burst the Tech Bubble?

Journal of Finance, Forthcoming
Number of pages: 145 Posted: 24 Oct 2003 Last Revised: 17 Nov 2010
University of Texas at Austin - Department of Finance, American University - Department of Finance and Real Estate, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Queen's University - Smith School of Business
Downloads 3,162 (7,421)
Citation 23

Abstract:

Loading...

Stock Market Bubbles, Institutional Trading, Individual Trading

2.

Price Impact or Trading Volume: Why is the Amihud (2002) Measure Priced?

Number of pages: 73 Posted: 10 Jul 2013 Last Revised: 14 Mar 2017
Xiaoxia Lou and Tao Shu
University of Delaware - Alfred Lerner College of Business and Economics and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 2,104 (14,220)
Citation 22

Abstract:

Loading...

Amihud illiquidity measure, trading volume, price impact, liquidity premium

3.

Is the Chinese Anti-Corruption Campaign Authentic? Evidence from Corporate Investigations

29th Annual Conference on Financial Economics & Accounting 2018, Finance Down Under 2019 Building on the Best from the Cellars of Finance, Paris December 2018 Finance Meeting EUROFIDAI - AFFI, PBCSF-NIFR Research Paper
Number of pages: 108 Posted: 20 May 2016 Last Revised: 23 Apr 2021
John M. Griffin, Clark Liu and Tao Shu
University of Texas at Austin - Department of Finance, Tsinghua University - PBC School of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,614 (21,458)
Citation 45

Abstract:

Loading...

Anti-Corruption Campaign, China, Corrupt Managers, Corrutpion Measures, Corporate Culture

4.

Does Positive-Feedback Trading by Institutions Contribute to Stock Return Momentum?

AFA 2007 Chicago Meetings Paper
Number of pages: 46 Posted: 03 Nov 2005 Last Revised: 02 Jan 2012
Tao Shu
The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,288 (30,101)
Citation 11

Abstract:

Loading...

institutions, postive-feedback trading, momentum

5.

Patent Quality, Firm Value, and Investor Underreaction: Evidence from Patent Examiner Busyness

PBCSF-NIFR Research Paper
Number of pages: 64 Posted: 11 Mar 2018 Last Revised: 04 Aug 2021
Tao Shu, Xuan Tian and Xintong Zhan
The Chinese University of Hong Kong (CUHK) - CUHK Business School, Tsinghua University - PBC School of Finance and Department of Finance, School of Management, Fudan University
Downloads 1,137 (35,943)
Citation 2

Abstract:

Loading...

patent quality, examiner busyness, stock returns, investor underreaction.

6.

The Convergence and Divergence of Investors’ Opinions around Earnings News: Evidence from a Social Network

Asian Finance Association (AsFA) 2013 Conference, Finance Down Under 2014 Building on the Best from the Cellars of Finance
Number of pages: 64 Posted: 08 Mar 2012 Last Revised: 30 Nov 2018
Citadel, Neeley School of Business and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 941 (47,027)
Citation 30

Abstract:

Loading...

investor disagreement, earnings announcements, Twitter, trading volume, convergence of opinion, divergence of opinion

7.

Risks in Mergers and Acquisitions

Number of pages: 73 Posted: 19 Mar 2021 Last Revised: 01 Dec 2022
Iowa State University - Department of Accounting and Finance, Iowa State University, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of South Florida
Downloads 924 (48,266)
Citation 1

Abstract:

Loading...

Mergers and Acquisitions, Risk-factor disclosure, Risks in M&As, Technology and product, Valuation and fairness, Accounting information, Ownership and dilution, Merger outcomes

8.

Can Managers Use Discretionary Accruals to Ease Financial Constraints? Evidence from Discretionary Accruals Prior to Investment

Accounting Review, Forthcoming
Number of pages: 52 Posted: 22 Mar 2010 Last Revised: 20 Oct 2015
Southern Methodist University (SMU) - Finance Department, Department of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 908 (49,472)
Citation 15

Abstract:

Loading...

Financial constraints, discretionary accruals, investment, signaling, valuation, external financing

9.

Examining the Dark Side of Financial Markets: Do Institutions Trade on Information from Investment Bank Connections?

Review of Financial Studies, Forthcoming
Number of pages: 50 Posted: 22 Mar 2009 Last Revised: 29 Mar 2012
University of Texas at Austin - Department of Finance, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Queen's University - Smith School of Business
Downloads 888 (50,993)
Citation 6

Abstract:

Loading...

Institution, Informed, Trading, Short-Term, connections, earnings announcement, takeover

10.

Local Religious Beliefs and Mutual Fund Risk-Taking Behaviors

Number of pages: 34 Posted: 20 Dec 2009 Last Revised: 22 Nov 2011
The Chinese University of Hong Kong (CUHK) - CUHK Business School, National University of Singapore (NUS) - Sustainable & Green Finance Institute (SGFIN) and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 818 (57,028)
Citation 55

Abstract:

Loading...

Mutual funds, Geographic Location, Religion

11.

Life is Too Short? Bereaved Managers and Investment Decisions

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC, 27th Annual Conference on Financial Economics and Accounting Paper
Number of pages: 61 Posted: 12 Sep 2015 Last Revised: 25 Feb 2022
Tsinghua University - PBC School of Finance, The Chinese University of Hong Kong (CUHK) - CUHK Business School, National University of Singapore (NUS) - Sustainable & Green Finance Institute (SGFIN) and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 812 (57,554)
Citation 3

Abstract:

Loading...

Life Experience, Bereavement, Investment Decisions, Mutual Fund, Public Firms, Risk Taking, Endogenous Matching

12.

Expectation Management in Mergers and Acquisitions

Management Science, Volume 66, Issue 3, Pages 1205-1226, 2020
Number of pages: 49 Posted: 15 Oct 2014 Last Revised: 24 May 2021
University of Georgia - Department of Finance, Iowa State University, Department of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 742 (65,024)
Citation 10

Abstract:

Loading...

Expectation management, stock-for-stock mergers, acquisition costs, conflicts of interest, earnings surprises

13.

The Role of External Regulators in Mergers and Acquisitions: Evidence from SEC Comment Letters

Number of pages: 60 Posted: 07 Oct 2019 Last Revised: 14 Feb 2022
Iowa State University, The Chinese University of Hong Kong (CUHK) - CUHK Business School, University of Georgia and University of Virginia
Downloads 593 (86,379)
Citation 3

Abstract:

Loading...

Information asymmetry; M&A; SEC; Comment letters; Shareholder welfare; Corporate governance; Deal outcomes

14.

The Disappearing IPO Puzzle: New Insights from Proprietary U.S. Census Data on Private Firms

Number of pages: 63 Posted: 26 Mar 2020 Last Revised: 13 Aug 2023
Boston College - Carroll School of Management, University of Georgia - Department of Finance, The Chinese University of Hong Kong, Shenzhen and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 589 (87,103)
Citation 3

Abstract:

Loading...

Exit Choices, Disappearing IPOs, Private Equity, Weak Economy, Product Market Competition

15.

The Employee Clientele of Corporate Leverage: Evidence from Family Labor Income Diversification

Number of pages: 59 Posted: 05 Dec 2016 Last Revised: 14 Sep 2023
Jie He, Xiao Ren, Tao Shu and Huan Yang
University of Georgia - Department of Finance, The Chinese University of Hong Kong, Shenzhen, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Massachusetts Amherst - Department of Finance
Downloads 583 (88,462)

Abstract:

Loading...

clientele effect, family labor income diversification, employee job risk aversion, capital structure, persistent leverage, corporate risk-taking

16.

Nonlocal Disadvantage: An Examination of Social Media Sentiment

Number of pages: 60 Posted: 17 Jun 2011 Last Revised: 27 Apr 2017
Citadel, Neeley School of Business and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 543 (96,501)

Abstract:

Loading...

Twitter, Social Network, Individual Investors, Nonlocal Disadvantage, Public News, Overpricing

17.

Institutional Investor Participation and Stock Market Anomalies

Number of pages: 38 Posted: 14 Mar 2006 Last Revised: 30 Oct 2012
Tao Shu
The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 427 (128,741)

Abstract:

Loading...

Institutional Trading Volume, Anomalies, Price Efficiency

18.
Downloads 416 (132,664)
Citation 29

Default Risk, Shareholder Advantage and Stock Returns

McCombs Research Paper Series No. FIN-05-06
Number of pages: 59 Posted: 21 Mar 2006
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 416 (131,378)
Citation 29

Abstract:

Loading...

Default Risk, Stock Returns, Debt Renegotiation, Bankruptcy, Liquidation

Default Risk, Shareholder Advantage, and Stock Returns

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2743-2778, 2008
Posted: 15 Dec 2008
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

Abstract:

Loading...

G12, G14, G33

19.

Alternative Data, Shareholder Monitoring, and Dividend Policy

PBCSF-NIFR Research Paper Forthcoming
Number of pages: 57 Posted: 02 Mar 2022 Last Revised: 24 May 2023
Tsinghua University - PBC School of Finance, The University of Sydney, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Tongji University
Downloads 414 (133,393)

Abstract:

Loading...

Alternative Data; Satellite Imagery Data; Dividend Policy; Agency Theory; Corporate Governance

20.

Similarity Breeds Trust: Political Homophily and CEO-Board Communication

European Corporate Governance Institute – Finance Working Paper No. 808/2021
Number of pages: 63 Posted: 14 Dec 2021 Last Revised: 29 May 2024
Chinese University of Hong Kong, ABFER, CEPR, and ECGI, China-ASEAN Institution of Financial Cooperation, The Chinese University of Hong Kong, Shenzhen and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 386 (144,461)

Abstract:

Loading...

friendly board, CEO-board communication, political homophily, crash risk, external governance

21.

Unique Bidder-Target Relatedness and Synergies Creation in Mergers and Acquisitions

Number of pages: 68 Posted: 01 Oct 2018 Last Revised: 13 Oct 2021
Iowa State University, University of Georgia - Department of Finance, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Georgia Institute of Technology
Downloads 377 (148,268)
Citation 3

Abstract:

Loading...

Distinct Relatedness, Synergies, Mergers and Acquisitions, Conditional Dependence, Lasso, Stock return comovement

22.

Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement

Number of pages: 59 Posted: 02 Nov 2021 Last Revised: 12 Oct 2023
Tingting Liu, Tao Shu and Jasmine Wang
Iowa State University, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Virginia
Downloads 327 (173,098)

Abstract:

Loading...

Mergers and acquisitions, winner’s curse, valuation disagreement, acquisition premiums, bidder returns, merger synergies, CEO overconfidence

23.

Default Risk, Shareholder Advantage, and Stock Returns*

8th Annual Texas Finance Festival
Number of pages: 56 Posted: 07 Apr 2006
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 289 (197,149)

Abstract:

Loading...

Default Risk, Stock Returns, Debt Renegotiatin, Bankruptcy, Liquidation

24.

Moderated Confidence and Under- and Overreactions to Related Firm's News

Number of pages: 39 Posted: 16 Mar 2011 Last Revised: 24 Jan 2012
University of Georgia - Terry College of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 286 (199,261)
Citation 3

Abstract:

Loading...

Moderated Confidence, Underreaction, Overreaction, Information Transfers

25.

Market-Based Innovation Policy: Evidence from High-Tech Incubators in China

Number of pages: 59 Posted: 28 Sep 2022 Last Revised: 16 Dec 2022
Xiamen University - School of Economics, The Chinese University of Hong Kong (CUHK) - CUHK Business School, Georgia State University - J. Mack Robinson College of Business and Sun Yat-sen University (SYSU)
Downloads 182 (306,364)

Abstract:

Loading...

Entrepreneurship, Incubators, High-tech startups, Industrial policy, Innovation

26.

A Game of Disclosing “Other Events”: Insights for Retail Investors

Number of pages: 57 Posted: 20 Sep 2023 Last Revised: 29 Apr 2024
Sean Cao, Zhongling Qin and Tao Shu
University of Maryland - Robert H. Smith School of Business, Auburn University - Department of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 161 (340,925)

Abstract:

Loading...

Retail Investors, Disclosure Sentiment, Strategic Disclosure, 8-Ks, Other News, LDA Modeling, ChatGPT

27.

The Price of Health: Paid Sick Leave Mandates and Corporate Innovation

Number of pages: 59 Posted: 16 Nov 2023 Last Revised: 29 Feb 2024
The Chinese University of Hong Kong, Shenzhen - School of Management and Economics and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 136 (390,702)

Abstract:

Loading...

paid sick leave, PSL mandates, corporate innovation, skilled labor, inventor employment, inventor productivity, inventor coordination

28.

Factors and Anomalies in the Vietnamese Stock Market

PBCSF-NIFR Research Paper Forthcoming
Number of pages: 68 Posted: 01 Sep 2023
The Chinese University of Hong Kong, Shenzhen - School of Management and Economics, Tsinghua University - PBC School of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 100 (493,842)

Abstract:

Loading...

Vietnamese four-factor model, the VN-4 model, Vietnamese stock market, factors, anomalies, turnove

29.

Nonlocal Disadvantage: An Examination of Social Media Sentiment

Number of pages: 66 Posted: 17 Jun 2011
Citadel, Neeley School of Business and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 75 (585,489)
Citation 23

Abstract:

Loading...

Twitter, Social Network, Individual Investors, Nonlocal Disadvantage, Public News, Overpricing

Other Papers (1)

Total Downloads: 300
1.

Workplace Inequality in the U.S. and Managerial Rent Extraction: Evidence from Pay Growth Gaps

European Corporate Governance Institute – Finance Working Paper No. 834/2022
Number of pages: 59 Posted: 21 Aug 2020 Last Revised: 08 May 2024
Jie He, Lei Li and Tao Shu
University of Georgia - Department of Finance, Board of Governors of the Federal Reserve System and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 300 (188,734)

Abstract:

Loading...

within-firm pay inequality, pay growth gap, managerial rent extraction, corporate disclosure, corporate hierarchy, Longitudinal Employer-Household Dynamics database