Tse-Chun Lin

The University of Hong Kong - Faculty of Business and Economics

Pokfulam Road

Hong Kong

China

SCHOLARLY PAPERS

40

DOWNLOADS
Rank 1,743

SSRN RANKINGS

Top 1,743

in Total Papers Downloads

17,426

33

!

Under construction: SSRN citations while be offline until July when we will launch a brand new and improved citations service, check here for more details.

For more information

Scholarly Papers (40)

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 3,510 (2,647)

Abstract:

Loading...

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 196 (151,807)

Abstract:

Loading...

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 68 (332,481)

Abstract:

Loading...

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 1,248 (15,137)

Abstract:

Loading...

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 1,125 (17,750)

Abstract:

Loading...

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 1,018 (20,604)

Abstract:

Loading...

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 917 (24,008)

Abstract:

Loading...

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 883 (25,406)

Abstract:

Loading...

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 775 (30,451)

Abstract:

Loading...

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
University of Maryland - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 682 (36,281)

Abstract:

Loading...

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 519 (51,959)

Abstract:

Loading...

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 519 (51,824)

Abstract:

Loading...

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

11.

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 415 (68,285)

Abstract:

Loading...

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

12.
Downloads 392 ( 73,300)

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 215 (138,976)

Abstract:

Loading...

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

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 177 (167,543)

Abstract:

Loading...

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

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 389 (73,771)

Abstract:

Loading...

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 322 (91,626)

Abstract:

Loading...

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 311 (95,204)

Abstract:

Loading...

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

16.

Innovative Firms’ Cash Needs and Country-level Institutional Environments

Number of pages: 62 Posted: 15 Aug 2015 Last Revised: 21 Feb 2019
Po-Hsuan Hsu, Fengfei Li and Tse-Chun Lin
National Tsing Hua University - Department of Quantitative Finance, Deakin University - Faculty of Business and Law and The University of Hong Kong - Faculty of Business and Economics
Downloads 289 (103,070)

Abstract:

Loading...

innovation; cash holdings; patents; R&D

17.

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 281 (106,191)

Abstract:

Loading...

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

18.

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 259 (115,723)

Abstract:

Loading...

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

19.

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 Imperial College London
Downloads 245 (122,509)

Abstract:

Loading...

crowdfunding, moral hazard, social capital, trust, kickstarter

20.

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 239 (125,591)

Abstract:

Loading...

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

21.

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 238 (126,122)

Abstract:

Loading...

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

22.

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 229 (131,073)

Abstract:

Loading...

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

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 227 (132,808)

Abstract:

Loading...

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

24.

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 211 (141,858)

Abstract:

Loading...

anchoring; ex-day return; splits; stock dividends

25.

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 187 (158,627)

Abstract:

Loading...

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

26.

When Paper Losses Get Physical: Domestic Violence and Stock Returns

Number of pages: 51 Posted: 21 Jan 2018 Last Revised: 14 Feb 2019
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and Imperial College London
Downloads 184 (160,937)

Abstract:

Loading...

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

27.

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

Number of pages: 72 Posted: 01 Oct 2018 Last Revised: 13 Feb 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 159 (183,864)

Abstract:

Loading...

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

28.

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 146 (196,309)

Abstract:

Loading...

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

29.

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 Imperial College London
Downloads 145 (197,426)

Abstract:

Loading...

crowdfunding, fintech, gender differences, overconfidence, Kickstarter

30.

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 Imperial College London
Downloads 140 (203,073)

Abstract:

Loading...

merger, acquisition, culture, trust, synergies

31.

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 136 (207,850)

Abstract:

Loading...

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

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 121 (227,580)

Abstract:

Loading...

short selling; financial crisis; predictability; risk culture

33.

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
Yuan Ze University, The University of Hong Kong - Faculty of Business and Economics and Hong Kong Polytechnic University
Downloads 100 (264,008)

Abstract:

Loading...

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

34.

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 99 (262,306)

Abstract:

Loading...

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

35.

Aggregate Opportunistic Insider Trading and Market Return Predictability

Number of pages: 48 Posted: 15 Nov 2018
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 96 (267,574)

Abstract:

Loading...

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

36.

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 94 (271,193)

Abstract:

Loading...

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

37.

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 91 (276,902)

Abstract:

Loading...

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

38.

The Round Number Heuristic and Entrepreneur Crowdfunding Performance

Number of pages: 47 Posted: 16 Aug 2018 Last Revised: 13 Feb 2019
Tse-Chun Lin and Vesa Pursiainen
The University of Hong Kong - Faculty of Business and Economics and Imperial College London
Downloads 82 (295,337)

Abstract:

Loading...

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

39.

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 81 (297,518)

Abstract:

Loading...

Short-sales constraints, price limits, price delay

40.

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 58 (356,190)

Abstract:

Loading...

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