Tse-Chun Lin

The University of Hong Kong - Faculty of Business and Economics

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

84

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44,726

SSRN CITATIONS

552

CROSSREF CITATIONS

105

Scholarly Papers (84)

1.

Alternative Investments in the Fintech Era: The Risk and Return of Non-fungible Token (NFT)

Number of pages: 80 Posted: 01 Sep 2021 Last Revised: 26 Jun 2023
De-Rong Kong and Tse-Chun Lin
National Taiwan University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 9,134 (1,210)
Citation 40

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Non-Fungible Tokens, Rarity, Alternative investments, Risk and return, Fintech, Blockchain

A New Method to Estimate Risk and Return of Non-traded Assets from Cash Flows: The Case of Private Equity Funds

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, EFA 2007 Ljubljana Meetings Paper, AFA 2008 New Orleans Meetings Paper, Swedish Institute for Financial Research Conference on The Economics of the Private Equity Market
Number of pages: 50 Posted: 27 Feb 2007 Last Revised: 13 Jan 2015
Joost Driessen, Tse-Chun Lin and Ludovic Phalippou
Tilburg University - Tilburg University School of Economics and Management, The University of Hong Kong - Faculty of Business and Economics and University of Oxford - Said Business School
Downloads 4,095 (4,676)
Citation 2

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Risk exposure, Abnormal return, Private equity

A New Method to Estimate Risk and Return of Non-Traded Assets from Cash Flows: The Case of Private Equity Funds

Netspar Discussion Paper No. 02/2011-121
Number of pages: 51 Posted: 25 May 2012
Joost Driessen, Tse-Chun Lin and Ludovic Phalippou
Tilburg University - Tilburg University School of Economics and Management, The University of Hong Kong - Faculty of Business and Economics and University of Oxford - Said Business School
Downloads 344 (159,918)
Citation 39

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Risk exposure, abnormal return, private equity

A New Method to Estimate Risk and Return of Non-Traded Assets from Cash Flows: The Case of Private Equity Funds

NBER Working Paper No. w14144
Number of pages: 53 Posted: 30 Jun 2008 Last Revised: 26 Aug 2022
Joost Driessen, Tse-Chun Lin and Ludovic Phalippou
Tilburg University - Tilburg University School of Economics and Management, The University of Hong Kong - Faculty of Business and Economics and University of Oxford - Said Business School
Downloads 171 (318,255)
Citation 37

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3.

Why Does the Option to Stock Volume Ratio Predict Stock Returns?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 22 Jul 2014 Last Revised: 17 Aug 2015
Li Ge, Tse-Chun Lin and Neil D. Pearson
Monash Business School, The University of Hong Kong - Faculty of Business and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 1,948 (15,651)
Citation 58

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Option trading volume, stock return predictability, information, leverage

4.

How the 52-Week High and Low Affect Option-Implied Volatilities and Stock Return Moments

Review of Finance, Forthcoming
Number of pages: 47 Posted: 22 Mar 2010 Last Revised: 09 Jul 2011
Joost Driessen, Tse-Chun Lin and Otto Van Hemert
Tilburg University - Tilburg University School of Economics and Management, The University of Hong Kong - Faculty of Business and Economics and Man AHL
Downloads 1,381 (26,605)
Citation 3

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52-week high, 52-week low, implied volatility, beta, volatility, anchoring, prospect theory, investor attention, barrier, support level, resistance level

5.

Why Do Options Prices Predict Stock Returns?

Netspar Discussion Paper No. 07/2013-079
Number of pages: 49 Posted: 25 Feb 2014
Tse-Chun Lin, Xiaolong Lu and Joost Driessen
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Tilburg University - Tilburg University School of Economics and Management
Downloads 1,338 (27,854)
Citation 3

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Informed traders, corporate events, implied volatility spread, implied volatility skew, short-sale constraint

6.

A one-two punch to the economy: Climate vulnerability and corporate innovation strategies

Number of pages: 73 Posted: 01 Mar 2021 Last Revised: 02 Jun 2023
Fengfei Li, Chen Lin and Tse-Chun Lin
Deakin University - Deakin Business School, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 1,186 (33,269)
Citation 6

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climate vulnerability; patents; innovation; R&D; climate risk; climate change

7.

Do Superstitious Traders Lose Money?

Forthcoming: Management Science
Number of pages: 80 Posted: 10 Aug 2014 Last Revised: 14 Oct 2016
HKUST Business School, National Chengchi University (NCCU) - Department of International Business, The University of Hong Kong - Faculty of Business and Economics and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 1,146 (34,894)
Citation 6

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superstition, limit order clustering, investment performance, individual investors

8.

Does Short-selling Threat Discipline Managers in Mergers and Acquisitions Decisions?

Journal of Accounting & Economics (JAE), Vol. 67, No. 1, 2019, Finance Down Under 2015 Building on the Best from the Cellars of Finance Paper
Number of pages: 42 Posted: 04 Nov 2013 Last Revised: 08 Dec 2018
Eric C. Chang, Tse-Chun Lin and Xiaorong Ma
University of Hong Kong - School of Business, The University of Hong Kong - Faculty of Business and Economics and University of Macau, Faculty of Business Administration
Downloads 1,067 (38,644)
Citation 6

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mergers and acquisitions, short-selling threat, external corporate governance, lending supply, announcement returns

9.

Why Do Options Prices Predict Stock Returns? Evidence from Analyst Tipping

Journal of Banking and Finance, Forthcoming, EFA 2013 Cambridge Meetings Paper, WFA 2013 Lake Tahoe Meetings Paper, CICF 2012 Chongqing Meetings Paper
Number of pages: 42 Posted: 31 Oct 2012 Last Revised: 23 Nov 2014
Tse-Chun Lin and Xiaolong Lu
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 1,041 (39,997)
Citation 5

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Informed traders, analyst tipping, implied volatility spread, implied volatility skew, market liquidity

10.

Do Individual Investors Treat Trading as a Fun and Exciting Gambling Activity? Evidence from Repeated Natural Experiments

Forthcoming, Review of Financial Studies
Number of pages: 59 Posted: 09 Jun 2010 Last Revised: 23 Sep 2014
Xiaohui Gao and Tse-Chun Lin
Fox School of Business, Temple University and The University of Hong Kong - Faculty of Business and Economics
Downloads 915 (48,010)
Citation 24

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Natural experiments, lottery, stock trading, substitution effect, fun and excitement

11.

The Disutility of Stock Market Losses: Evidence From Domestic Violence

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 103 Posted: 21 Jan 2018 Last Revised: 10 Feb 2022
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 836 (54,287)
Citation 1

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domestic violence, intimate partner violence, stock market losses, disutility, financial stress

Contractual Managerial Incentives with Stock Price Feedback

American Economic Review (Forthcoming)
Number of pages: 44 Posted: 30 Jun 2017 Last Revised: 16 Mar 2019
Tse-Chun Lin, Qi Liu and Bo Sun
The University of Hong Kong - Faculty of Business and Economics, Peking University - Department of Finance and University of Virginia Darden School of Business
Downloads 440 (120,741)
Citation 3

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Feedback effect, CEO compensation, Financial market frictions, Reg-SHO Pilot program, Managerial learning from the market

Contracting with Feedback

FRB International Finance Discussion Paper No. 1143
Number of pages: 65 Posted: 28 Aug 2015
Tse-Chun Lin, Qi Liu and Bo Sun
The University of Hong Kong - Faculty of Business and Economics, Peking University - Department of Finance and University of Virginia Darden School of Business
Downloads 367 (148,959)
Citation 1

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Feedback effect, CEO compensation, Transaction costs, Reg-SHO Pilot program, Decimalization

13.

Psychological Barrier and Cross-Firm Return Predictability

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 76 Posted: 06 Feb 2018 Last Revised: 28 Sep 2020
Shiyang Huang, Tse-Chun Lin and Hong Xiang
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and The Hong Kong Polytechnic University
Downloads 800 (57,573)
Citation 20

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Cross-firm return predictability, Psychological barrier, 52-week high, Customer momentum

14.

Risk-neutral Skewness, Informed Trading, and the Cross-section of Stock Returns

Journal of Financial and Quantitative Analysis, forthcoming
Number of pages: 87 Posted: 01 Oct 2018 Last Revised: 30 Mar 2020
Tarun Chordia, Tse-Chun Lin and Vincent Xiang
Emory University - Department of Finance, The University of Hong Kong - Faculty of Business and Economics and Deakin University-Department of Finance
Downloads 793 (58,287)
Citation 13

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Risk-Neutral Skewness, Options Markets, Informed Trading, Earnings Announcements, Non-scheduled News Release

15.

Skewness, Individual investor preference, and the Cross-Section of Stock Returns

Review of Finance, Forthcoming
Number of pages: 63 Posted: 21 Oct 2015 Last Revised: 13 Mar 2017
Tse-Chun Lin and Xin Liu
The University of Hong Kong - Faculty of Business and Economics and School of Finance, Renmin University of China
Downloads 712 (67,220)
Citation 5

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MAX, lottery-like features, skewness, individual investor preference index, cross-sectional return predictability

16.

Informational Content of Options Trading on Acquirer Announcement Return

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 64 Posted: 15 Jul 2013 Last Revised: 02 Sep 2013
Konan Chan, Li Ge and Tse-Chun Lin
National Chengchi Unversity (NCCU) - Finance, Monash Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 628 (78,865)
Citation 27

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Merger and Acquisition, Acquirer, Informed Trading, Implied Volatility Spread, Implied Volatility Skew

17.

Attention Allocation and Return Co-Movement: Evidence from Repeated Natural Experiments

Second Annual Volatility Institute at NYU Shanghai (VINS) 2016, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 75 Posted: 20 Nov 2016 Last Revised: 04 Nov 2017
Shiyang Huang, Yulin Huang and Tse-Chun Lin
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 611 (81,613)
Citation 37

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limited attention, attention allocation, return co-movement, earnings surprises

18.

Salient Anchor and Analyst Recommendation Downgrade

Journal of Corporate Finance, 2021
Number of pages: 63 Posted: 01 Nov 2014 Last Revised: 20 Jul 2021
Fengfei Li, Chen Lin and Tse-Chun Lin
Deakin University - Deakin Business School, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 592 (84,915)
Citation 1

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salient anchor; 52-week high; analyst recommendation changes; limited attention; trading strategy

19.

Regional Social Capital and Moral Hazard in Crowdfunding

Number of pages: 83 Posted: 20 Dec 2017 Last Revised: 28 Mar 2022
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 567 (89,718)
Citation 19

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crowdfunding, social capital, formal and informal institutions, Kickstarter, moral hazard

20.

Informed Options Trading Prior to Bankruptcy Filings

28th Australasian Finance and Banking Conference, Asian Finance Association (AsianFA) 2016 Conference
Number of pages: 47 Posted: 01 Aug 2013 Last Revised: 11 May 2019
Monash Business School, Singapore Management University - Lee Kong Chian School of Business, University of New South Wales (UNSW)UNSW Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 466 (114,112)
Citation 3

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Bankruptcy, O/S, Informed Options Trading, Insider Trading

21.

Equity Short Selling and the Bank Loan Market

Journal of Money, Credit and Banking, forthcoming.
Number of pages: 50 Posted: 24 Sep 2015 Last Revised: 27 Apr 2021
Po-Hsin Ho, Chih-Yung Lin and Tse-Chun Lin
National Central University - Department of Finance, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 454 (117,629)
Citation 1

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Reg SHO Pilot program, short selling, bank loan spread, information asymmetry, non-price contract terms

22.

Cognitive Limitation and Investment Performance: Evidence from Limit Order Clustering

Review of Financial Studies, Forthcoming
Number of pages: 87 Posted: 19 Jan 2012 Last Revised: 17 Feb 2014
Weiyu Kuo, Tse-Chun Lin and Jing Zhao
National Chengchi University (NCCU) - Department of International Business, The University of Hong Kong - Faculty of Business and Economics and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 454 (117,629)
Citation 17

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cognitive limitation, cognitive abilities, limit order clustering, investment performance, individual investors, investor learning

23.

The role of options markets in corporate social responsibility

Journal of Financial Markets, Forthcoming
Number of pages: 70 Posted: 01 Mar 2021 Last Revised: 08 Mar 2024
Fengfei Li, Chen Lin, Tse-Chun Lin and Sichen Shen
Deakin University - Deakin Business School, The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong
Downloads 438 (122,694)
Citation 2

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Corporate Social Responsibility (CSR); options trading; shareholder activism; corporate governance; environmental performance; CSR investment

24.

Innovative firms’ cash holdings, tax policies, and institutional environments

Financial Management, forthcoming
Number of pages: 53 Posted: 15 Aug 2015 Last Revised: 06 Dec 2021
Fengfei Li and Tse-Chun Lin
Deakin University - Deakin Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 421 (128,499)
Citation 7

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innovation, cash holdings, patent box, repatriation tax, R&D tax credit, institutional environment

25.

Gender Differences in Reward-Based Crowdfunding

Number of pages: 71 Posted: 01 Oct 2017 Last Revised: 11 Oct 2022
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 413 (131,446)
Citation 4

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crowdfunding, fintech, gender differences, overconfidence, Kickstarter

26.

Attention Constraints and Financial Inclusion

Number of pages: 77 Posted: 15 Jun 2021 Last Revised: 28 Apr 2023
Renmin University of China - School of Finance, David Eccles School of Business, University of Utah, The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong, Faculty of Business and Economics and Hong Kong University of Science & Technology (HKUST)
Downloads 388 (141,017)
Citation 2

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Attention Constraint, Financial Inclusion, Diversity, Retail Lending

27.

Ex-Day Returns of Stock Distributions: An Anchoring Explanation

Management Science, Forthcoming.
Number of pages: 47 Posted: 11 Oct 2014 Last Revised: 09 Apr 2017
Eric C. Chang, Tse-Chun Lin, Yan Luo and Jinjuan Ren
University of Hong Kong - School of Business, The University of Hong Kong - Faculty of Business and Economics, Fudan University - School of Management and University of Macau
Downloads 374 (146,998)
Citation 3

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anchoring; ex-day return; splits; stock dividends

28.

The Financialization of Cryptocurrencies

Number of pages: 68 Posted: 25 Oct 2021 Last Revised: 13 Mar 2024
Lei Huang, Tse-Chun Lin, Fangzhou Lu and Jian Sun
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Department of Finance and Lee Kong Chian School of Business, Singapore Management University
Downloads 369 (149,238)

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Cryptocurrency, Bitcoin ETFs, Coinbase, GBTC, Sentiment

29.

What do stock price levels tell us about the firms?

Journal of Corporate Finance, Vol. 46, 2017
Number of pages: 49 Posted: 16 Mar 2012 Last Revised: 03 Aug 2017
Konan Chan, Fengfei Li, Tse-Chun Lin and Ji-Chai Lin
National Chengchi Unversity (NCCU) - Finance, Deakin University - Deakin Business School, The University of Hong Kong - Faculty of Business and Economics and Hong Kong PolyU
Downloads 364 (151,509)
Citation 4

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Stock price level, price informativeness, O/S, future earnings, stock splits

30.

Social Trust Distance in Mergers and Acquisitions

Number of pages: 58 Posted: 03 Sep 2017 Last Revised: 28 Jun 2023
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 350 (158,149)

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mergers and acquisitions, cultural difference, trust, social capital, synergies

31.

Overconfident Individual Day Traders: Evidence from the Taiwan Futures Market

Journal of Banking and Finance, Forthcoming, Paris December 2011 Finance Meeting EUROFIDAI - AFFI
Number of pages: 37 Posted: 14 Oct 2011 Last Revised: 22 Apr 2013
Weiyu Kuo and Tse-Chun Lin
National Chengchi University (NCCU) - Department of International Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 336 (165,239)
Citation 2

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overconfidence, index futures, day traders, individual investors, learning

32.

Firm Trustworthiness and Bank Loan Pricing

Number of pages: 57 Posted: 05 Mar 2020
Konan Chan, Weiyu Kuo, Chih-Yung Lin and Tse-Chun Lin
National Chengchi Unversity (NCCU) - Finance, National Chengchi University (NCCU) - Department of International Business, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 333 (166,901)
Citation 1

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bank loan pricing, firm trustworthiness, Pilot program, information asymmetry, textual analysis

33.

How Do Short-Sale Costs Affect Put Options Trading? Evidence from Separating Hedging and Speculative Shorting Demands

Review of Finance, Forthcoming
Number of pages: 59 Posted: 22 Jul 2014 Last Revised: 10 Sep 2015
Tse-Chun Lin and Xiaolong Lu
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 332 (167,430)
Citation 6

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Put options, short-sale costs, lending fee, short selling, 2008 Short-Sale Ban

34.

Earnings Management and Post-Split Drift

Journal of Banking and Finance, Forthcoming
Number of pages: 38 Posted: 24 Sep 2013 Last Revised: 15 Feb 2019
Konan Chan, Fengfei Li and Tse-Chun Lin
National Chengchi Unversity (NCCU) - Finance, Deakin University - Deakin Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 330 (168,561)
Citation 4

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earnings management, stock split, earnings surprise, post-split drift

35.

Stock Price Crashes and Short-Selling Cost

Number of pages: 63 Posted: 30 Mar 2016 Last Revised: 29 Aug 2023
Eric C. Chang, Tse-Chun Lin and Xiaorong Ma
University of Hong Kong - School of Business, The University of Hong Kong - Faculty of Business and Economics and University of Macau, Faculty of Business Administration
Downloads 328 (169,646)

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stock price crash risk, short selling risk, lending fee, fee risk, information uncertainty, short interest

36.

Endogenous Social Effects on Corporate Research and Development

Number of pages: 50 Posted: 02 Jul 2019 Last Revised: 17 Aug 2021
Yuan Ze University, National Taiwan University, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 323 (172,438)

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R&D; endogenous social effects; peer effect, trade secret legal protection, high-tech firms, capital expenditure

37.

Intra-Family Relationship and Female Entrepreneurship

Number of pages: 64 Posted: 03 Nov 2020 Last Revised: 02 Feb 2022
Tse-Chun Lin and Mingzhu Tai
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong, Faculty of Business and Economics
Downloads 299 (187,021)
Citation 1

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Female Entrepreneurship, Intra-household Bargaining Power, Marriage Law

38.

Local Information Advantage and Stock Returns: Evidence from Social Media

Contemporary Accounting Research, Forthcoming
Number of pages: 55 Posted: 27 Sep 2014 Last Revised: 16 Jan 2024
Yuqin Huang, Feng Li, Tong Li and Tse-Chun Lin
Central University of Finance and Economics (CUFE), Central University of Finance and Economics (CUFE), Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and The University of Hong Kong - Faculty of Business and Economics
Downloads 296 (189,047)

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Local Information Advantage, Social Media, Topical Analysis, Sentiment Analysis, Return Predictability

39.

The Unintended Externalities of an Environmental Regulation: Evidence from the NOx Budget Trading Program

Number of pages: 53 Posted: 13 Apr 2022 Last Revised: 23 Aug 2022
Tse-Chun Lin, Zoey Yiyuan Zhou and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Hong Kong University of Science & Technology (HKUST) and The University of Hong Kong - Faculty of Business and Economics
Downloads 293 (191,096)
Citation 2

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Emissions; Unintended Externalities; Supply Chain; Managerial Short-termism; NOx Budget Trading Program; Pass-through; Pollution Inequality.

40.

Lottery Jackpot Winnings and Retail Trading around Neighborhoods

Number of pages: 66 Posted: 08 Jun 2021 Last Revised: 24 Sep 2023
Yuan Ze University, The University of Hong Kong, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 282 (198,764)

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Lottery winnings, feeling lucky, feeling envious, keeping up with the Joneses, trading turnover rate, investment performance, retail investors.

41.

Financial Statement Disaggregation and Bank Loan Pricing

Number of pages: 51 Posted: 07 Feb 2018 Last Revised: 10 Mar 2019
Chih-Yung Lin, Tse-Chun Lin and Bin Miao
National Yang Ming Chiao Tung University, The University of Hong Kong - Faculty of Business and Economics and The Chinese University of Hong Kong, Shenzhen
Downloads 278 (201,645)
Citation 1

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disaggregation quality, bank loan spread, total cost of borrowing, disclosure quality, default risk

42.

Behavioral Bias, Distorted Stock Prices, and Stock Splits

Number of pages: 71 Posted: 05 Mar 2020 Last Revised: 15 Jun 2023
Fengfei Li, Ji-Chai Lin, Tse-Chun Lin and Longfei Shang
Deakin University - Deakin Business School, Hong Kong PolyU, The University of Hong Kong - Faculty of Business and Economics and Hong Kong Polytechnic University
Downloads 277 (202,410)
Citation 2

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Distorted prices; Anchoring bias; Stock split; Information production; Investment-price sensitivity

43.

Domestic Violence and Marijuana: Evidence from Retail Marijuana Law

Number of pages: 45 Posted: 15 Jan 2020
Tse-Chun Lin and Runtong Lin
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 277 (203,919)
Citation 2

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Domestic violence; Cannabis; Recreational marijuana legalization; Marijuana use; Retail marijuana law

44.

Natural Disasters and Creative Destruction: Evidence from the Universe of Firms in China

Number of pages: 39 Posted: 09 Aug 2021 Last Revised: 20 Jun 2022
Hua Cheng, Tse-Chun Lin and Liangfei Qiu
University of Texas at Austin, The University of Hong Kong - Faculty of Business and Economics and University of Florida - Warrington College of Business Administration
Downloads 272 (206,203)
Citation 2

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creative destruction; firm creation; typhoon; natural disaster; innovation; patent; risk-sharing

45.

Information Cherry-Picking: When Confirmation Bias Met Anchoring Bias

Number of pages: 59 Posted: 04 Dec 2022
Shiyang Huang, Tse-Chun Lin, Yan Luo and Ningyu Zhou
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics, Fudan University - School of Management and Fudan University - School of Management
Downloads 258 (217,342)

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EDGAR implementation, Confirmation bias, Anchoring bias, 52-week highs, Information cherry-picking, Information uncertainty

46.

Managerial Learning from Decoding Noisy Stock Prices: New(s) Evidence from Billions of Internet Article Reads

Number of pages: 81 Posted: 23 Oct 2022 Last Revised: 15 Feb 2024
Alan Kwan, Tse-Chun Lin and Po-Yu Liu
The University of Hong Kong, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 246 (228,703)

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big data, managerial learning, market feedback effects, financial news, R&D.

47.

Governance Through Trading on Acquisitions of Public Firms

WFA 2013 Lake Tahoe Meetings Paper, Journal of Corporate Finance, Forthcoming
Number of pages: 53 Posted: 12 May 2013 Last Revised: 17 Oct 2020
Eric C. Chang, Tse-Chun Lin and Xiaorong Ma
University of Hong Kong - School of Business, The University of Hong Kong - Faculty of Business and Economics and University of Macau, Faculty of Business Administration
Downloads 245 (228,703)
Citation 3

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governance through trading, corporate investments, mergers and acquisitions, wealth performance sensitivity, Decimalization

48.

The Correlated Trading and Investment Performance of Individual Investors

Number of pages: 50 Posted: 30 Aug 2014 Last Revised: 05 Sep 2018
Weiyu Kuo, Tse-Chun Lin and Jing Zhao
National Chengchi University (NCCU) - Department of International Business, The University of Hong Kong - Faculty of Business and Economics and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 234 (239,213)

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herding, trading correlation, investment performance, individual investors, learning

49.

Foreign Bank Entry Deregulation and Stock Market Stability: Evidence from Staggered Regulatory Changes

Number of pages: 61 Posted: 06 Sep 2019 Last Revised: 15 Mar 2022
Tse-Chun Lin, Jinyu Liu and Xiaoran Ni
The University of Hong Kong - Faculty of Business and Economics, University of International Business and Economics (UIBE) - School of Banking and Finance and Xiamen University - School of Economics
Downloads 228 (245,165)

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Foreign Bank Entry Deregulation; Stock Price Crash; Regulatory Change; Corporate Governance; Monitoring Spillover Effect; Stock Market Stability

50.

Domestic Violence and Marijuana: Evidence from Recreational Marijuana Legalization

Number of pages: 39 Posted: 23 Oct 2021 Last Revised: 06 Sep 2022
Runtong Lin and Tse-Chun Lin
The University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 222 (251,423)

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Domestic violence, intimate partner violence, Cannabis, Recreational marijuana legalization, Alcohol co-use

51.

Salience Theory and Corporate Bond Pricing

Number of pages: 36 Posted: 30 Sep 2022 Last Revised: 23 Oct 2022
Tse-Chun Lin and Yaoyuan Zhang
The University of Hong Kong - Faculty of Business and Economics and HKU Business School
Downloads 218 (255,808)

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Salience theory, Limited attention, Downside returns, Corporate bond pricing, Cross-sectional return predictability

52.

Alternative Stars: Do Key Opinion Leaders on Social Media Move the Market?

Number of pages: 48 Posted: 21 Nov 2022
Henry Leung, Tse-Chun Lin and Ruiqi Mao
University of Sydney Business School, The University of Hong Kong - Faculty of Business and Economics and University of Sussex Business School
Downloads 214 (260,293)

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Social Media, Key Opinion Leaders, StockTwits, Market Efficiency

53.

CEO Anchoring and Financial Decision Consistency under Uncertainty

Number of pages: 77 Posted: 28 Sep 2016 Last Revised: 19 Oct 2023
Fengfei Li, Chen Lin and Tse-Chun Lin
Deakin University - Deakin Business School, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 212 (262,550)

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behavioral consistency; anchoring CEO; insider trading; seasoned equity offerings; mergers and acquisitions; 52-week high; uncertainty

54.

Risk-taking of bank CEOs and corporate innovation

Journal of International Money and Finance, Forthcoming
Number of pages: 62 Posted: 25 Jan 2017 Last Revised: 27 Apr 2021
Yuan Ze University, National Taiwan University, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 208 (267,241)
Citation 3

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CEO risk-taking attitude, corporate innovation, bank syndicate loan, R&D, Tobin’s q

55.

The Information Content of 10-K’s Disaggregation Quality on Future Firm Performance

Number of pages: 67 Posted: 09 Oct 2018
Yulin Huang and Tse-Chun Lin
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 206 (270,822)

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10-K, disaggregation quality, profitability, Tobin’s Q, stock returns

56.

The Round Number Heuristic and Entrepreneur Crowdfunding Performance

Journal of Corporate Finance, Forthcoming
Number of pages: 62 Posted: 16 Aug 2018 Last Revised: 07 Jan 2021
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 202 (274,477)
Citation 1

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crowdfunding performance, round number heuristic, Kickstarter, fintech, entrepreneur

57.

Do short sellers exploit the persistent risk culture of banks? Evidence from two banking crises

Journal of Financial Stability, Vol. 46, 2020
Number of pages: 58 Posted: 20 May 2016 Last Revised: 05 Dec 2020
Dien Giau Bui, Chih-Yung Lin and Tse-Chun Lin
Yuan Ze University, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 185 (296,997)
Citation 1

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Short selling; short interest; financial crisis; predictability; persistent risky business models

58.

Credit Reallocation Effects of the Minimum Wage

Number of pages: 44 Posted: 11 Apr 2022
Tse-Chun Lin, Xiaoran Ni and Yuchao Peng
The University of Hong Kong - Faculty of Business and Economics, Xiamen University - School of Economics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 178 (307,419)

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Minimum wage; credit allocation; labor intensity; bank loan

59.

Tradin’ in the Rain: Attention Allocation and Investment Performance

Number of pages: 73 Posted: 08 Jul 2021
Yuan Ze University, The University of Hong Kong - Faculty of Business and Economics, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 175 (312,001)

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Attention allocation, investment performance, rational inattention, return co-movement, retail investors

60.

Does better liquidity for large orders attract institutional investors and analysts?

Number of pages: 57 Posted: 04 Apr 2022
Mengdie Deng, Tse-Chun Lin and Jiayu Zhou
HKU Business School, The University of Hong Kong, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 162 (333,643)

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tick size pilot program; institutional investors; liquidity for large orders; analyst coverage; forecast accuracy; earnings conference calls

61.

Tacit Collusion among Dominant Banks: Evidence from Round-Yard Loan Pricing

Number of pages: 53 Posted: 16 Aug 2021 Last Revised: 30 Oct 2023
Yu-Ju Chan, Chih-Yung Lin and Tse-Chun Lin
The University of Hong Kong, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 159 (340,685)

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Tacit collusion, dominant banks, round-yard pricing, bargaining power, loan spreads, round up

62.

The Tradeoff between Risk Sharing and Information Production in Financial Markets: Evidence from Stock Splits

Number of pages: 44 Posted: 17 Sep 2015
Eric C. Chang, Tse-Chun Lin and Xiaorong Ma
University of Hong Kong - School of Business, The University of Hong Kong - Faculty of Business and Economics and University of Macau, Faculty of Business Administration
Downloads 158 (340,685)

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risk sharing, stock price informativeness, stock split, long run stock returns, post-split return drifts

63.

In Victory or Defeat: Consumption Responses to Wealth Shocks

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-141
Number of pages: 53 Posted: 20 Oct 2022
Alex Imas, Tse-Chun Lin, Yan Luo and Xiaohuan Wang
University of Chicago - Booth School of Business, The University of Hong Kong - Faculty of Business and Economics, Fudan University - School of Management and Shanghai National Accounting Institute
Downloads 157 (342,462)

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Wealth shocks, Consumption responses, Behavioral finance, Individual investors, Financial retail therapy, Digital payment data

64.

Monetary Policy Shocks and Corporate Financing Decisions

Number of pages: 53 Posted: 04 Apr 2022 Last Revised: 23 Mar 2023
Chih-Yung Lin, Tse-Chun Lin and Chien-Lin Lu
National Yang Ming Chiao Tung University, The University of Hong Kong - Faculty of Business and Economics and National Ilan University
Downloads 145 (365,584)

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Bank loans; Capital structure; Federal Funds Rate; R&D expenses; Firm efficiency

65.

Overconfident Rivals and Corporate R&D

Number of pages: 60 Posted: 18 Aug 2021
Yuan Ze University, National Taiwan University, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 134 (388,839)

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CEO overconfidence; rival firms; research and development expenditure; keeping-up-with-Joneses; innovation.

66.

Trust of the Crowd and Audit Pricing

Number of pages: 54 Posted: 14 Aug 2020
Konan Chan, Jianxin Cui, Weiyu Kuo and Tse-Chun Lin
National Chengchi Unversity (NCCU) - Finance, The University of Hong Kong - Faculty of Business and Economics, National Chengchi University (NCCU) - Department of International Business and The University of Hong Kong - Faculty of Business and Economics
Downloads 127 (405,416)

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audit pricing, trustworthiness, social media, natural language processing, textual analysis

67.

Dynamic Short-Sales Constraints, Price Limits and Price Delays

Number of pages: 47 Posted: 13 Jan 2009 Last Revised: 12 Sep 2010
Tse-Chun Lin
The University of Hong Kong - Faculty of Business and Economics
Downloads 126 (407,917)

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Short-sales constraints, price limits, price delay

68.

Current Expected Credit Loss Standard and Bank Lending Procyclicality: Evidence from the US Housing Market

Number of pages: 54 Posted: 17 Apr 2023
Yi-Chun Chen, Tse-Chun Lin and Donghe Yang
City University of Hong Kong (CityU), The University of Hong Kong - Faculty of Business and Economics and Renmin University of China
Downloads 124 (412,834)

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Bank loans, CECL, House prices, Mortgage, Loss recognition, Procyclicality

69.

Color, Loan Approval, and Crimes: The Dark Side of Mortgage Market Deregulation

Number of pages: 30 Posted: 12 Jul 2021
Tse-Chun Lin, Mingzhu Tai and Jiayu Zhou
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong, Faculty of Business and Economics and The University of Hong Kong - The University of Hong Kong Faculty of Business and Economics, Students
Downloads 123 (415,282)

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discrimination; credit expansion; housing price; crime

70.

Windfall Gains and Stock Market Participation: Evidence from Shopping Receipt Lottery

Number of pages: 39 Posted: 11 Feb 2022 Last Revised: 21 Nov 2022
National Central University - Department of Economics, Washington University in St. Louis - Department of Economics, The University of Hong Kong - Faculty of Business and Economics, Academia Sinica - Institute of Economics and Fu Jen Catholic University - Department of Economics
Downloads 119 (425,559)

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71.

Collective Reputations, the Trust Premium, and Corporate Misconduct

Number of pages: 59 Posted: 09 Jul 2021 Last Revised: 06 Oct 2022
Konan Chan, De-Rong Kong and Tse-Chun Lin
National Chengchi Unversity (NCCU) - Finance, National Taiwan University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 117 (431,076)

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Collective reputation, country trustworthiness, trust premium, corporate misconduct, imperfect information

72.

Catering to Environmental Premium in Green Venture Financing: Evidence from a Bert-Based Deep Learning Approach

Number of pages: 45 Posted: 29 Jul 2023 Last Revised: 11 Oct 2023
Macquarie University, Macquarie Business School, University of Sydney Business School, The University of Hong Kong - Faculty of Business and Economics and The University of Sydney, Business School, Discipline of Finance, Students
Downloads 94 (502,786)

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Catering, Environmental premium, Green ventures, BERT, Deep learning, Pre-IPO investors

73.

Information from Inaction: Vested Options Unexercised and Firm Performance

Number of pages: 47 Posted: 04 Oct 2022
Dien Giau Bui, Chih-Yung Lin and Tse-Chun Lin
Yuan Ze University, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 94 (506,290)

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private information, vested options, in-the-money, operating performance, stock underpricing, alpha

74.

The World Price of Reference-dependent Preferences

Number of pages: 61 Posted: 23 Nov 2021 Last Revised: 06 Jun 2022
Tse-Chun Lin and Zhaobo Zhu
The University of Hong Kong - Faculty of Business and Economics and Shenzhen University
Downloads 94 (502,786)
Citation 1

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Reference-dependent preferences, National culture, Individualism, Capital gains overhang, Volatility-related anomalies, Skewness-related anomalies

75.

Cultural Biases in the Syndicated Loan Market

Number of pages: 72 Posted: 28 Mar 2022 Last Revised: 29 Apr 2022
National Chengchi Unversity (NCCU) - Finance, National Yang Ming Chiao Tung University, The University of Hong Kong - Faculty of Business and Economics and National Yang Ming Chiao Tung University
Downloads 88 (524,182)

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Cultural biases, trust biases, loan spread, syndicated loans, international loan market.

76.

The Effect of Stock Market Indexing on Option Price Efficiency

Number of pages: 40 Posted: 14 May 2023 Last Revised: 26 Feb 2024
Eric C. Chang, Li Ge, Tse-Chun Lin and Xiaorong Ma
University of Hong Kong - School of Business, Monash Business School, The University of Hong Kong - Faculty of Business and Economics and University of Macau, Faculty of Business Administration
Downloads 87 (527,862)

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Stock indexing effect, Option price efficiency, Options market liquidity, Russell index reconstitution, Local linear regressions

77.

Wisdom of Crowds Before the 2007-2009 Global Financial Crisis

Journal of Financial Stability, Forthcoming
Number of pages: 46 Posted: 22 Apr 2020
Michael Chau, Chih-Yung Lin and Tse-Chun Lin
The University of Hong Kong, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 81 (551,249)
Citation 1

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Social Media; Textual Analysis; Financial Crisis; Predictability; Seeking Alpha

78.

Does Better Liquidity for Large Orders Attract Institutional Investors and Analysts?Evidence from the Tick Size Pilot Program

Number of pages: 60 Posted: 15 Feb 2023
Mengdie Deng, Tse-Chun Lin and Jiayu Zhou
HKU Business School, The University of Hong Kong, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 80 (555,338)

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tick size pilot program, institutional investors, liquidity for large orders, analyst coverage, forecast accuracy

79.

Does Geopolitical Risk Exposure Lead to Higher Cost of Debt? Evidence from Multinational Companies

Number of pages: 53 Posted: 28 Dec 2023
Fang Hu, Tse-Chun Lin, Weiqiang Tan and Jian Zhang
Griffith University - The Department of Accounting, Finance & Economics, The University of Hong Kong - Faculty of Business and Economics, The Education University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 70 (598,631)
Citation 1

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Geopolitical Risk, Multinational Company, Cost of Debt, Bank Financing, Loan Contracting

80.

The Invisible Hand in the Dark: The Disciplinary Effect of Dark Trading on Firm Overinvestment

Number of pages: 53 Posted: 09 Sep 2023
Mengdie Deng, Tse-Chun Lin and Jiayu Zhou
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 64 (627,466)

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dark trading venues; tick size pilot program; informed trading; short selling; disciplinary effects; overinvestment

81.

Momentum in Machine Learning: Evidence from the Taiwan Stock Market

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 63 Posted: 03 Nov 2023
Yuan Ze University, National Taiwan University - Department of Finance, National Yang Ming Chiao Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 63 (632,398)
Citation 1

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Momentum, Asset pricing anomalies, Stock return predictability, Machine learning, Variable importance

82.

Green Bond Issuance and Air Quality Improvement: Chinese and International Evidence

Number of pages: 57 Posted: 30 Oct 2023
Tse-Chun Lin, Yan Luo, Grace Tian and Hao Yang
The University of Hong Kong - Faculty of Business and Economics, Fudan University - School of Management, Asian Development Bank and Fudan University - School of Management
Downloads 63 (632,398)

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Green bonds, air quality, transboundary effect, Chinese markets, international evidence

83.

Happy App Happy Tip: The Return Predictability from Amusement Apps Downloads Around the World

Number of pages: 94 Posted: 15 Mar 2024
Tse-Chun Lin, Yican Liu and Fangzhou Lu
The University of Hong Kong - Faculty of Business and Economics, HKU Business School, The University of Hong Kong and The University of Hong Kong - Department of Finance
Downloads 54 (681,077)

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Amusement Apps, Investor Sentiment, Behavioral Finance

84.

Salience Theory and Momentum Everywhere

Number of pages: 73 Posted: 17 May 2023 Last Revised: 15 Feb 2024
Jiaqi Guo, Peng Li, Tse-Chun Lin and Jinyu Liu
Birmingham Business School, University of Bath, School of management, The University of Hong Kong - Faculty of Business and Economics and University of International Business and Economics (UIBE) - School of Banking and Finance
Downloads 53 (686,824)

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Salience theory; Momentum; Investor attention; Retail investor trading; International markets

Other Papers (1)

Total Downloads: 108
1.

Behavioral Consistency in Green Lifestyle and Green Investment

Number of pages: 43 Posted: 03 Nov 2023
Chuwen Chen, Tse-Chun Lin and Xingguo Luo
Zhejiang University, The University of Hong Kong - Faculty of Business and Economics and Zhejiang University, College of Economics and Academy of Financial Research
Downloads 108 (480,603)

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Pro-environmental behavior; Green investment; Retail investors; Behavioral consistency theory; Fintech App