Tse-Chun Lin

The University of Hong Kong - Faculty of Business and Economics

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

35

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Top 1,958

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14,900

CITATIONS

32

Scholarly Papers (35)

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 3,400 (2,488)
Citation 20

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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 191 (143,645)
Citation 20

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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 63 (322,019)
Citation 20

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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 904 (17,471)
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

3.

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 708 (21,499)
Citation 1

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

4.

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 688 (24,605)

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

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 545 (24,289)

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superstition, limit order clustering, investment performance, individual investors

6.

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
University of Maryland - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 444 (35,946)
Citation 5

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

7.

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 417 (16,112)

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Option trading volume, stock return predictability, information, leverage

8.

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 University (NCCU), Monash University - Monash Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 329 (50,341)
Citation 4

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

9.

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

Finance Down Under 2015 Building on the Best from the Cellars of Finance Paper
Number of pages: 67 Posted: 04 Nov 2013 Last Revised: 05 May 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 229 (35,578)

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short selling threat, mergers and acquisitions, Tobin’s Q, ROA, Regulation SHO-PILOT Program, FAS 123R

10.

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 212 (97,839)

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

11.
Downloads 199 (138,279)

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 159 (169,391)

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

Contracting with Feedback

Number of pages: 21 Posted: 30 Jun 2017
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 40 (396,175)

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Feedback effect, CEO compensation, Financial market friction, Reg-SHO Pilot

12.

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 University (NCCU), Deakin University - Faculty of Business and Law, The University of Hong Kong - Faculty of Business and Economics and Hong Kong PolyU
Downloads 164 (109,762)

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

13.

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 151 (122,458)

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

14.

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 135 (151,012)

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

15.

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: 28 Jul 2016
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 130 (92,437)

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

16.

Earnings Management and Post-Split Drift

Number of pages: 38 Posted: 24 Sep 2013 Last Revised: 13 Mar 2018
Konan Chan, Fengfei Li and Tse-Chun Lin
National Chengchi University (NCCU), Deakin University - Faculty of Business and Law and The University of Hong Kong - Faculty of Business and Economics
Downloads 125 (132,720)

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

17.

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 99 (129,804)

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

18.

Salient Anchor, Limited Attention, and Analyst Recommendation Changes

Number of pages: 51 Posted: 01 Nov 2014 Last Revised: 21 Mar 2018
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 80 (77,281)

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

19.

The Correlated Trading and Investment Performance of Individual Investors

Number of pages: 42 Posted: 30 Aug 2014 Last Revised: 29 Jan 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 66 (212,249)

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herding, trading correlation, investment performance, individual investors

20.

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 60 (149,491)
Citation 1

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anchoring; ex-day return; splits; stock dividends

21.

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 60 (284,766)

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Short-sales constraints, price limits, price delay

22.

Innovative Firms’ Cash Needs and Heterogeneous Country Characteristics

Number of pages: 55 Posted: 15 Aug 2015 Last Revised: 05 Mar 2018
Po-Hsuan Hsu, Fengfei Li and Tse-Chun Lin
University of Hong Kong, Deakin University - Faculty of Business and Law and The University of Hong Kong - Faculty of Business and Economics
Downloads 52 (105,359)

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innovative firms, cash holdings, R&D, precautionary saving

23.

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 16 (280,490)

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

24.

Disaggregation Quality of Accounting Data and Bank Loan Pricing

Number of pages: 50 Posted: 07 Feb 2018
Chih-Yung Lin and Tse-Chun Lin
Yuan Ze University and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (339,827)

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

25.

Psychological Barrier and Cross-Firm Return Predictability

Number of pages: 47 Posted: 06 Feb 2018 Last Revised: 06 May 2018
Shiyang Huang, Tse-Chun Lin and Hong Xiang
The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - Faculty of Business and Economics and Renmin University of China
Downloads 0 (354,920)

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

26.

When Paper Losses Get Physical: Domestic Violence and Stock Returns

Number of pages: 43 Posted: 21 Jan 2018 Last Revised: 30 Jan 2018
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (315,341)

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

27.

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

Number of pages: 63 Posted: 20 Dec 2017 Last Revised: 10 Apr 2018
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (217,584)

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crowdfunding, moral hazard, social capital, trust, entrepreneurship, kickstarter

28.

Gender Differences in Crowdfunding - Entrepreneur Overconfidence and Campaign Outcomes

Number of pages: 46 Posted: 01 Oct 2017 Last Revised: 04 Jun 2018
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (295,937)

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crowdfunding, kickstarter, gender, overconfidence

29.

Regional Culture in Mergers and Acquisitions

Number of pages: 41 Posted: 03 Sep 2017 Last Revised: 24 Mar 2018
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (262,673)

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merger, acquisition, culture, trust, synergies

30.

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, National Taiwan University, Yuan Ze University and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (243,444)

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

31.

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 - School of Economics and Finance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (122,458)

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

32.

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, Yuan Ze University and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (223,277)

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short selling; financial crisis; predictability; risk culture

33.

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 0 (139,615)

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

34.

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 The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (63,721)

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

35.

Equity Short Selling and the Bank Loan Market

Number of pages: 68 Posted: 24 Sep 2015 Last Revised: 28 Sep 2016
Po-Hsin Ho, Chih-Yung Lin and Tse-Chun Lin
National Taipei University, Yuan Ze University and The University of Hong Kong - Faculty of Business and Economics
Downloads 0 (123,587)

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Pilot program, short selling, bank loan spread, information asymmetry, agency problem