Tse-Chun Lin

The University of Hong Kong - Faculty of Business and Economics

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

43

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Top 1,698

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18,545

SSRN CITATIONS

90

CROSSREF CITATIONS

92

Scholarly Papers (43)

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 - Center and Faculty of Economics and Business Administration, The University of Hong Kong - Faculty of Business and Economics and University of Oxford - Said Business School
Downloads 3,556 (2,777)
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 - Center and Faculty of Economics and Business Administration, The University of Hong Kong - Faculty of Business and Economics and University of Oxford - Said Business School
Downloads 208 (150,761)
Citation 32

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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: 29 Oct 2014
Joost Driessen, Tse-Chun Lin and Ludovic Phalippou
Tilburg University - Center and Faculty of Economics and Business Administration, The University of Hong Kong - Faculty of Business and Economics and University of Oxford - Said Business School
Downloads 71 (340,697)

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2.

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 1,291 (15,261)
Citation 7

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Option trading volume, stock return predictability, information, leverage

3.

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 - Center and Faculty of Economics and Business Administration, The University of Hong Kong - Faculty of Business and Economics and Man AHL
Downloads 1,141 (18,436)
Citation 1

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

4.

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 - Center and Faculty of Economics and Business Administration
Downloads 1,046 (20,925)
Citation 2

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

5.

Do Superstitious Traders Lose Money?

Forthcoming: Management Science
Number of pages: 80 Posted: 10 Aug 2014 Last Revised: 14 Oct 2016
Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management, 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 926 (25,054)
Citation 4

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superstition, limit order clustering, investment performance, individual investors

6.

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 904 (25,954)
Citation 5

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

7.

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 Hong Kong - School of Business
Downloads 806 (30,507)
Citation 1

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

8.

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 Bakshi and Tse-Chun Lin
Fox School of Business, Temple University and The University of Hong Kong - Faculty of Business and Economics
Downloads 694 (37,401)
Citation 17

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

9.

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 University of Bath
Downloads 541 (51,860)
Citation 3

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

10.

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 535 (52,620)
Citation 4

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

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 - Division of International Finance
Downloads 262 (119,651)
Citation 2

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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 - Division of International Finance
Downloads 231 (136,099)
Citation 1

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

12.

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 437 (67,616)

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

13.

Salient Anchor, Limited Attention, and Analyst Recommendation Changes

Number of pages: 59 Posted: 01 Nov 2014 Last Revised: 08 May 2019
Fengfei Li, Chen Lin and Tse-Chun Lin
Deakin University - Faculty of Business and Law, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 412 (72,725)
Citation 1

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

14.

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, UNSW Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 352 (87,269)
Citation 2

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

15.

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 317 (98,075)
Citation 2

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

16.

Fund What You Trust? Social Capital and Moral Hazard in Crowdfunding

Number of pages: 65 Posted: 20 Dec 2017 Last Revised: 05 Aug 2018
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of Zurich - Department of Economics
Downloads 308 (101,172)
Citation 9

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crowdfunding, moral hazard, social capital, trust, kickstarter

17.

Innovative Firms’ Cash Needs and Country-level Institutional Environments

Number of pages: 65 Posted: 15 Aug 2015 Last Revised: 21 Oct 2019
Fengfei Li and Tse-Chun Lin
Deakin University - Faculty of Business and Law and The University of Hong Kong - Faculty of Business and Economics
Downloads 298 (104,929)
Citation 3

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innovation; cash holdings; patents; R&D

18.

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 - Faculty of Business and Law, The University of Hong Kong - Faculty of Business and Economics and Hong Kong PolyU
Downloads 286 (109,650)
Citation 1

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

19.

Equity Short Selling and the Bank Loan Market

Number of pages: 51 Posted: 24 Sep 2015 Last Revised: 02 Jul 2019
Chih-Yung Lin, Tse-Chun Lin and Po-Hsin Ho
National Chiao-Tung University, The University of Hong Kong - Faculty of Business and Economics and National Central University at Taiwan - Department of Finance
Downloads 274 (114,748)

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

20.

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 - Faculty of Business and Law and The University of Hong Kong - Faculty of Business and Economics
Downloads 252 (125,215)

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

21.

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 247 (127,831)

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

22.

When Paper Losses Get Physical: Domestic Violence and Stock Returns

Number of pages: 58 Posted: 21 Jan 2018 Last Revised: 14 Nov 2019
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of Zurich - Department of Economics
Downloads 237 (133,245)

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domestic violence, intimate partner violence, stress, household, behavior

23.

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 Hong Kong - School of Business
Downloads 237 (133,245)

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

24.

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 231 (136,605)
Citation 1

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

25.

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 and University of Macau
Downloads 224 (140,740)
Citation 1

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anchoring; ex-day return; splits; stock dividends

26.

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

Number of pages: 89 Posted: 01 Oct 2018 Last Revised: 04 Dec 2019
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 213 (147,702)

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

27.

Governance Through Trading on Acquisitions of Public Firms

WFA 2013 Lake Tahoe Meetings Paper
Number of pages: 46 Posted: 12 May 2013 Last Revised: 31 Jan 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 Hong Kong - School of Business
Downloads 195 (160,478)

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governance through trading, mergers and acquisitions, public targets, wealth performance sensitivity, Decimalization

28.

Gender Differences in Reward-Based Crowdfunding

Number of pages: 51 Posted: 01 Oct 2017 Last Revised: 01 Aug 2018
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of Zurich - Department of Economics
Downloads 185 (168,275)
Citation 3

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crowdfunding, fintech, gender differences, overconfidence, Kickstarter

29.

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 Zurich - Department of Economics
Downloads 162 (188,946)

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

30.

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 155 (196,288)

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

31.

Aggregate Opportunistic Insider Trading and Market Return Predictability

Number of pages: 52 Posted: 15 Nov 2018 Last Revised: 30 Jul 2019
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 The University of Hong Kong Faculty of Business and Economics
Downloads 149 (202,773)
Citation 14

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Aggregate Insider Trading; Market Return; Opportunistic Trades; Out-of-Sample Tests; Macroeconomic Fundamentals

32.

How Do Banks Facilitate Corporate Innovation? Evidence from Bank CEO Optimism

Number of pages: 62 Posted: 25 Jan 2017 Last Revised: 17 Jul 2017
National Taiwan University, Department of Finance, Students, National Taiwan University, National Chiao-Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 143 (209,746)

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CEO overconfidence, bank lending, R&D, patents and citations, Tobin’s q

33.

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

Number of pages: 56 Posted: 20 May 2016 Last Revised: 24 Jun 2017
Dien Giau Bui, Chih-Yung Lin and Tse-Chun Lin
National Taiwan University, Department of Finance, Students, National Chiao-Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 125 (233,228)
Citation 1

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short selling; financial crisis; predictability; risk culture

34.

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 Chiao-Tung University, The University of Hong Kong - Faculty of Business and Economics and Hong Kong Polytechnic University
Downloads 123 (236,075)

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

35.

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 120 (240,375)

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

36.

The Round Number Heuristic and Entrepreneur Crowdfunding Performance

Number of pages: 54 Posted: 16 Aug 2018 Last Revised: 17 Aug 2019
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and University of Zurich - Department of Economics
Downloads 116 (246,536)

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Crowdfunding Performance, Round Number Heuristic, Kickstarter, Fintech, Entrepreneur

37.

Psychological Barrier and Cross-Firm Return Predictability

Number of pages: 57 Posted: 06 Feb 2018 Last Revised: 22 May 2019
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 University of Hong Kong
Downloads 115 (248,060)

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

38.

Substitution between Short Selling and Options Trading in Predicting Aggregate Stock Returns

Number of pages: 50 Posted: 31 May 2019
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 The University of Hong Kong Faculty of Business and Economics
Downloads 102 (269,743)
Citation 1

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Aggregate Short Interest; Options Trading; Market Return; Out-of-Sample Tests; Informed Traders

39.

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 Hong Kong - School of Business
Downloads 94 (284,705)

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

40.

R&D Expenditure as a Response to Peer Influence

Number of pages: 51 Posted: 02 Jul 2019 Last Revised: 27 Dec 2019
National Taiwan University, Department of Finance, Students, National Taiwan University, National Chiao-Tung University and The University of Hong Kong - Faculty of Business and Economics
Downloads 93 (286,702)
Citation 1

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Peer effect; R&D; trade secret legal protection; managerial learning; relative wealth concerns

41.

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 83 (307,841)

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Short-sales constraints, price limits, price delay

42.

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

Number of pages: 55 Posted: 06 Sep 2019 Last Revised: 14 Nov 2019
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 37 (450,091)

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Foreign Bank Entry; Stock Market Stability; Stock Price Crash; Regulatory Change; Information Quality; Monitoring Spillover Effect

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 11 (594,328)

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