Tse-Chun Lin

The University of Hong Kong - Faculty of Business and Economics

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

75

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Top 1,115

in Total Papers Downloads

36,418

SSRN CITATIONS

156

CROSSREF CITATIONS

99

Scholarly Papers (75)

1.

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

Number of pages: 63 Posted: 01 Sep 2021 Last Revised: 17 Nov 2022
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 7,385 (1,382)

Abstract:

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

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 3,884 (4,078)
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 284 (162,140)
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 125 (338,851)
Citation 6

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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 University - Monash Business School, The University of Hong Kong - Faculty of Business and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 1,699 (15,879)
Citation 13

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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 1,301 (23,700)
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 1,264 (24,727)
Citation 2

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

6.

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 1,063 (31,861)
Citation 6

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superstition, limit order clustering, investment performance, individual investors

7.

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 996 (34,960)
Citation 5

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

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 984 (35,552)
Citation 6

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

9.

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 829 (45,003)
Citation 24

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

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 Board of Governors of the Federal Reserve System
Downloads 402 (110,874)
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 Board of Governors of the Federal Reserve System
Downloads 328 (139,324)
Citation 1

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

11.

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

Number of pages: 70 Posted: 01 Mar 2021 Last Revised: 17 Nov 2022
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 722 (54,274)
Citation 1

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

12.

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 684 (58,203)

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

13.

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 671 (59,703)
Citation 5

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

14.

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 670 (59,820)

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

15.

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 659 (61,117)
Citation 2

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

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 University - Monash Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 605 (68,218)
Citation 11

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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 560 (75,329)
Citation 9

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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 548 (77,197)
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 522 (82,067)
Citation 14

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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 University - 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 430 (103,437)
Citation 3

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

21.

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 412 (108,705)
Citation 4

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

22.

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 410 (109,337)
Citation 1

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

23.

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 371 (122,576)
Citation 5

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

24.

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 365 (124,818)
Citation 4

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crowdfunding, fintech, gender differences, overconfidence, Kickstarter

25.

Attention Constraints and Financial Inclusion

Number of pages: 76 Posted: 15 Jun 2021 Last Revised: 19 Oct 2022
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 The University of Hong Kong - Faculty of Business and Economics
Downloads 338 (135,829)

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Attention Constraint, Financial Inclusion, Diversity, Retail Lending

26.

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 337 (136,276)
Citation 3

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

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 312 (147,790)
Citation 3

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anchoring; ex-day return; splits; stock dividends

28.

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 304 (151,915)
Citation 1

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

29.

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 301 (153,487)

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

30.

Social Trust Distance in Mergers and Acquisitions

Number of pages: 44 Posted: 03 Sep 2017 Last Revised: 18 Sep 2019
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of St. Gallen
Downloads 300 (154,018)

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

31.

Walk the talk: The role of options markets in corporate social responsibility

Number of pages: 56 Posted: 01 Mar 2021 Last Revised: 23 Nov 2022
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 293 (158,381)

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CSR; options trading; shareholder activism; informational efficiency; CSR investment

32.

Stock Price Crashes and Equity Lending Market Condition: Evidence from Lending Fees and Fee Risk

Number of pages: 59 Posted: 30 Mar 2016 Last Revised: 09 Dec 2016
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 290 (159,519)

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

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 285 (163,050)
Citation 3

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

34.

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 283 (163,643)
Citation 2

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

35.

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 268 (173,033)
Citation 1

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

36.

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, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 240 (192,934)

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

37.

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 232 (199,419)

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

38.

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 229 (201,876)
Citation 1

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

39.

Do You Feel Lucky? Lottery Jackpot Winnings and Retail Trading around Neighborhoods

Number of pages: 52 Posted: 08 Jun 2021
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 218 (211,535)

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Lottery winnings, feeling lucky, trading turnover rate, investment performance, retail investors

40.

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 215 (214,287)

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Female Entrepreneurship, Intra-household Bargaining Power, Marriage Law

41.

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 209 (220,082)

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

42.

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 205 (223,947)
Citation 1

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

43.

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 198 (231,026)

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

44.

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 - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 192 (237,444)

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

45.

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 187 (243,154)

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

46.

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 180 (251,362)
Citation 1

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

47.

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 178 (253,799)

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

48.

When Early Adopters Learn From the Followers: The Cryptocurrency Return Predictability of GBTC Discount and Premium

Number of pages: 52 Posted: 25 Oct 2021
Lei Huang, Tse-Chun Lin and Fangzhou Lu
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 - Department of Finance
Downloads 171 (262,730)

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Cryptocurrency, Bitcoin ETFs, Coinbase, GBTC, Sentiment

49.

Behavioral Bias, Distorted Stock Prices, and Stock Splits

Number of pages: 62 Posted: 05 Mar 2020 Last Revised: 17 Sep 2021
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 170 (264,090)

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

50.

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 159 (280,898)
Citation 1

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

51.

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 133 (322,332)

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

52.

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 129 (329,878)

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

53.

Managerial behavioral consistency: The imprint of CEO anchoring heuristic

Number of pages: 75 Posted: 28 Sep 2016 Last Revised: 07 Nov 2022
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 125 (337,633)

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

54.

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 National Taiwan University - Department of Economics
Downloads 113 (363,025)

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55.

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 105 (381,981)

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

56.

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 105 (384,514)

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

57.

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 104 (384,514)

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Short-sales constraints, price limits, price delay

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 - Wang Yanan Institute for Studies in Economics (WISE) and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 101 (392,246)

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Minimum wage; credit allocation; labor intensity; bank loan

59.

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 98 (400,143)

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

60.

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 94 (411,073)

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

61.

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

Number of pages: 56 Posted: 16 Aug 2021 Last Revised: 08 Nov 2022
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 94 (411,073)

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

62.

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 92 (416,907)

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discrimination; credit expansion; housing price; crime

63.

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 - The University of Hong Kong Faculty of Business and Economics, Students
Downloads 90 (422,791)

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

64.

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 82 (447,102)

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

65.

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 68 (496,242)

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

66.

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 65 (512,028)

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

67.

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 Sydney Business School
Downloads 64 (512,028)

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Social Media, Key Opinion Leaders, StockTwits, Market Efficiency

68.

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 63 (516,042)

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

69.

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 51 (574,295)

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

70.

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 51 (569,334)

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

71.

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 48 (584,233)

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

72.

Managerial Learning from Decoding Noisy Stock Prices: New(s) Evidence

Number of pages: 60 Posted: 23 Oct 2022
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 47 (589,325)

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

73.

Does Insider Trading Predict Market Returns? Evidence from Aggregate Opportunistic Insider Trades

Number of pages: 48 Posted: 06 Dec 2022
Shiyang Huang, Tse-Chun Lin and Weinan Zheng
The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong - Faculty of Business and Economics and Capital University of Economics and Business
Downloads 28 (704,999)

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C58, G12, G14, G17

74.

Windfall Gains and Stock Market Participation Evidence from Shopping Receipt Lottery

Number of pages: 40 Posted: 29 Jan 2023
National Central University, 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
Downloads 1 (960,850)

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D10, D81, G11, G12

75.

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

Posted: 28 Jun 2022 Last Revised: 29 Sep 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 - The University of Hong Kong Faculty of Business and Economics, Students

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

Other Papers (1)

Total Downloads: 93
1.

Monetary Policy Shocks and Corporate Financing Decisions

Number of pages: 49 Posted: 04 Apr 2022
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 93 (538,941)

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Bank loans; Capital structure; Federal funds rate; Firm efficiency; Public bonds