Alan Guoming Huang

University of Waterloo

Professor

School of Accounting and Finance

Waterloo, Ontario N2L 3G1

Canada

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 13,676

SSRN RANKINGS

Top 13,676

in Total Papers Downloads

7,480

TOTAL CITATIONS
Rank 11,827

SSRN RANKINGS

Top 11,827

in Total Papers Citations

68

Scholarly Papers (22)

1.

Accounting Conservatism and the Temporal Trends in Current Earnings’ Ability to Predict Future Cash Flows Versus Future Earnings: Evidence on the Trade-Off Between Relevance and Reliability

Contemporary Accounting Research, Volume 27, Issue 2, Summer 2010, pp. 413-460.
Number of pages: 55 Posted: 12 Jan 2008 Last Revised: 26 Jul 2022
University of Waterloo, University of Waterloo - School of Accounting and Finance, University of Waterloo and University of Waterloo - School of Accounting and Finance
Downloads 1,587 (24,667)
Citation 9

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accounting conservatism, relevance, reliability, earnings predictability, cash flow predictability

2.

Institutional Trading around Corporate News: Evidence from Textual Analysis

Robert H. Smith School Research Paper
Number of pages: 65 Posted: 05 Oct 2013 Last Revised: 05 Dec 2019
Alan Guoming Huang, Hongping Tan and Russ Wermers
University of Waterloo, McGill University - Desautels Faculty of Management and University of Maryland - Robert H. Smith School of Business
Downloads 980 (49,856)
Citation 42

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Institutional trading, Public news, Textual analysis

3.

Buy Slow and Sell Fast: Evidence from Institutional Trading on Conference Calls *

Number of pages: 71 Posted: 19 Nov 2020 Last Revised: 08 Jan 2025
Alan Guoming Huang and Russ Wermers
University of Waterloo and University of Maryland - Robert H. Smith School of Business
Downloads 569 (101,969)

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Institutional trading, Conference calls, Buy slow and sell fast, Information revelation, Textual tone

4.

'Buy the Rumor, Sell the News': Liquidity Provision by Bond Funds Following Corporate News Events

Proceedings of the EUROFIDAI-ESSEC Paris December Finance Meeting 2023, SMU Cox School of Business Research Paper No. 22-06
Number of pages: 59 Posted: 14 Feb 2022 Last Revised: 07 Mar 2024
Alan Guoming Huang, Russ Wermers and Jinming Xue
University of Waterloo, University of Maryland - Robert H. Smith School of Business and Southern Methodist University (SMU) - Finance Department
Downloads 548 (106,808)

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5.

Language and Domain Specificity: A Chinese Financial Sentiment Dictionary

Review of Finance
Number of pages: 76 Posted: 04 Mar 2021 Last Revised: 08 Dec 2021
Zijia Du, Alan Guoming Huang, Russ Wermers and Wenfeng Wu
Shanghai Jiao Tong University (SJTU), Antai College of Economics and Management, Students, University of Waterloo, University of Maryland - Robert H. Smith School of Business and Shanghai Jiao Tong University - Antai College of Economics & Management
Downloads 443 (138,313)

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Financial news; Chinese; Sentiment Dictionary; Media bias; Political words

6.

Cash Flow Volatility and Corporate Bond Yield Spreads

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 39 Posted: 23 Sep 2012 Last Revised: 21 Jan 2013
Alan V. S. Douglas, Alan Guoming Huang and Kenneth R. Vetzal
University of Waterloo - School of Accounting and Finance, University of Waterloo and University of Waterloo
Downloads 397 (156,832)
Citation 3

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Corporate bond yield spreads, cash flow volatility, equity return volatility, credit ratings, regime-switching

7.

Risk Disclosure and the Pricing of Corporate Debt Issues in Private and Public Markets

Georgetown McDonough School of Business Research Paper No. 3700162
Number of pages: 56 Posted: 20 Oct 2020 Last Revised: 24 Jan 2024
University of Michigan at Dearborn - School of Management, Lehigh University - College of Business, University of Waterloo and Georgetown University - McDonough School of Business
Downloads 368 (170,759)

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Debt IPO, Risk Factor, Topic Analysis, Credit Risk, Textual Analysis

8.

Bond Valuation Dispersion and ETF Creation

SMU Cox School of Business Research Paper No. 24-17
Number of pages: 47 Posted: 16 Dec 2024 Last Revised: 26 Feb 2025
Alan Guoming Huang, Russ Wermers, Jinming Xue and Xing (Alex) Zhou
University of Waterloo, University of Maryland - Robert H. Smith School of Business, Southern Methodist University (SMU) - Finance Department and Southern Methodist University (SMU) - Finance Department
Downloads 320 (198,569)

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corporate bond, creation basket, authorized participant, liquidity, valuation dispersion, ETF

9.

Risk Mitigation by Institutional Participants in the Secondary Market: Evidence from Foreign Rule 144A Debt Market

Journal of Banking and Finance, Vol. 99, 2019
Number of pages: 51 Posted: 23 Apr 2019
University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University, Wilfrid Laurier University - Financial Services Research Centre and University of Houston
Downloads 258 (248,460)

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foreign debt markets, 144A bonds, secondary bond market spreads, QIBs, risk exposure

10.

Do Analysts Read the News?

2014 Canadian Academic Accounting Association (CAAA) Annual Conference
Number of pages: 61 Posted: 15 Jan 2014 Last Revised: 24 May 2016
Alan Guoming Huang and Kaleab Mamo
University of Waterloo and Wilfrid Laurier University
Downloads 236 (271,369)

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Sell-side analysts, Business media, Public news, Earnings forecast revisions

11.

The Return Premiums to Accruals Quality

Review of Quantitative Finance and Accounting, Forthcoming
Number of pages: 31 Posted: 24 Oct 2015 Last Revised: 25 Oct 2015
University of Waterloo, University of Waterloo, St. John's University and University of Waterloo, Department of Statistics & Actuarial Science
Downloads 214 (298,126)
Citation 1

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Accruals quality, Stock returns, Return premium, Information uncertainty

The Effects of Analyst-Country Institutions on Biased Research: Evidence from Target Prices

Journal of Accounting Research, Forthcoming
Number of pages: 51 Posted: 12 Oct 2018
Mark T Bradshaw, Alan Guoming Huang and Hongping Tan
Boston College, University of Waterloo and McGill University - Desautels Faculty of Management
Downloads 211 (300,805)
Citation 5

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financial analyst, target price, optimism, analyst country, institutional infrastructure, investor protection, legal enforcement, self-serving behavior, stock returns

The Effects of Analyst‐Country Institutions on Biased Research: Evidence from Target Prices

Journal of Accounting Research, Vol. 57, No. 1, 2019
Posted: 13 Jun 2019
Mark T Bradshaw, Alan Guoming Huang and Hongping Tan
Boston College, University of Waterloo and McGill University - Desautels Faculty of Management

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financial analyst; target price; optimism; analyst country; institutional infrastructure; investor protection; legal enforcement; self-serving behavior; stock returns

13.

Idiosyncratic Return Volatility and the Information Quality Underlying Managerial Discretion

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 45 Posted: 30 Jul 2011
Alan Guoming Huang, Changling Chen and Ranjini Jha
University of Waterloo, University of Waterloo - School of Accounting and Finance and University of Waterloo - School of Accounting and Finance
Downloads 211 (302,102)
Citation 3

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Idiosyncratic return volatility, operating uncertainty, managerial discretion, information quality

14.

Role of Institutional Investors - Evidence from the Foreign “Rule 144A” Debt Market

Quarterly Journal of Finance (Forthcoming)
Number of pages: 51 Posted: 13 Dec 2015 Last Revised: 11 Dec 2020
University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University, Wilfrid Laurier University - Financial Services Research Centre and University of Houston
Downloads 190 (333,080)

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Foreign 144A issues, Yankee bonds, QIBs, financial crisis

15.

KPI Information Acquisition by Analysts: Evidence from Conference Calls

Forthcoming in the Journal of Business Finance and Accounting
Number of pages: 61 Posted: 29 Nov 2023 Last Revised: 11 Oct 2024
Qi Rachel Tang and Alan Guoming Huang
Grenoble Ecole de Management and University of Waterloo
Downloads 174 (360,429)

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KPIs, conference calls, financial analysts, information demand, voluntary disclosure

16.

Is China’s P/E Ratio Too Low? Examining the Role of Earnings Volatility

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 42 Posted: 01 Jul 2010 Last Revised: 01 Aug 2011
Tony S. Wirjanto and Alan Guoming Huang
University of Waterloo, Department of Statistics & Actuarial Science and University of Waterloo
Downloads 172 (364,119)
Citation 2

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P/E ratio, China, U.S., earnings volatility

17.

Information and Liquidity of OTC Securities: Evidence from Public Registration of Rule 144a Bonds

FEDS Working Paper No. 2018-061
Number of pages: 46 Posted: 17 Sep 2018 Last Revised: 21 Feb 2019
Song Han, Alan Guoming Huang, Madhu Kalimipalli and Ke Wang
Board of Governors of the Federal Reserve System, University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University and Board of Governors of the Federal Reserve System
Downloads 171 (366,026)
Citation 3

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Rule 144A bond, Public registration, Information disclosure, Broker-dealers, Liquidity

18.

Information and Liquidity of Over-the-Counter Securities: Evidence from Public Registration of Rule 144A Bonds

Journal of Financial Markets, Forthcoming
Number of pages: 56 Posted: 12 Jun 2017 Last Revised: 03 Jun 2021
Song Han, Alan Guoming Huang, Madhu Kalimipalli and Ke Wang
Board of Governors of the Federal Reserve System, University of Waterloo, Lazaridis School of Business and Economics, Wilfrid Laurier University and Board of Governors of the Federal Reserve System
Downloads 130 (458,683)

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Rule 144A bond, broker-dealers, public registration, liquidity, information disclosure

19.

Politically Smart: Political Sentiment Signaling of Private Enterprises

Number of pages: 45 Posted: 25 Sep 2023
Zijia Du, Alan Guoming Huang, Russ Wermers and Wenfeng Wu
Shanghai Jiao Tong University (SJTU), Antai College of Economics and Management, Students, University of Waterloo, University of Maryland - Robert H. Smith School of Business and Shanghai Jiao Tong University - Antai College of Economics & Management
Downloads 109 (524,441)

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political sentiment; signaling; China; private enterprises; mind politics; political connections

20.

Equity Financing Restrictions and the Asset Growth Effect: International vs. Asian Evidence

Pacific-Basin Finance Journal
Number of pages: 52 Posted: 24 May 2016 Last Revised: 26 Sep 2018
Alan Guoming Huang and Kevin Jialin Sun
University of Waterloo and St. John's University
Downloads 95 (577,053)

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Asset growth; stock returns; institutional restrictions; stock issuance; buyback; international markets; Asian; Korea; China

21.

Generational Asset Pricing, Equity Puzzles, and Cyclicality

Review of Economic Dynamics, Forthcoming
Number of pages: 47 Posted: 16 Mar 2012 Last Revised: 10 Jun 2016
Alan Guoming Huang, Eric N. Hughson and J. Chris Leach
University of Waterloo, Claremont McKenna College - Robert Day School of Economics and Finance and University of Colorado at Boulder - Department of Finance
Downloads 66 (709,964)

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generational uncertainty, pricing kernel domination, equity premium puzzles, boom-bust cycle

22.

Impatient Money: Japanese Mutual Fund IPOs

Number of pages: 51 Posted: 24 Feb 2025
University of Waterloo, University of Maryland - Robert H. Smith School of Business, Hitotsubashi University - Graduate School of International Corporate Strategy, Waseda University and Hitotsubashi University - Graduate School of International Corporate Strategy
Downloads 31 (977,995)

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Other Papers (3)

Total Downloads: 1,093
1.

The Pricing of Accrual Quality

Number of pages: 63 Posted: 05 Jul 2010 Last Revised: 14 Dec 2011
Sati P. Bandyopadhyay, Tony S. Wirjanto and Alan Guoming Huang
University of Waterloo, University of Waterloo, Department of Statistics & Actuarial Science and University of Waterloo
Downloads 730

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Accrual quality, Stock returns, Return premium, Pricing factor, Information uncertainty

2.

The Value of Long-Term Accrual Management

AAA 2010 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 47 Posted: 03 Sep 2009 Last Revised: 23 Apr 2011
Tony S. Wirjanto, Sati P. Bandyopadhyay and Alan Guoming Huang
University of Waterloo, Department of Statistics & Actuarial Science, University of Waterloo and University of Waterloo
Downloads 216

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value, earnings smoothing, accrual volatility, future returns

3.

Does Income Smoothing Really Create Value?

Number of pages: 54 Posted: 14 Mar 2011
Alan Guoming Huang, Sati P. Bandyopadhyay and Tony S. Wirjanto
University of Waterloo, University of Waterloo and University of Waterloo, Department of Statistics & Actuarial Science
Downloads 147

Abstract:

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Income Smoothing, Pre-Managed Earnings-Discretionary Accruals correlation, Accrual Volatility, Return, Value, Information Signaling