Xueping Wu

City University of Hong Kong (CityUHK) - Department of Economics & Finance

Dr.

83 Tat Chee Avenue

Kowloon

Hong Kong

http://personal.cityu.edu.hk/~efxpwu/

SCHOLARLY PAPERS

32

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CITATIONS
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84

Scholarly Papers (32)

Equity Financing in a Myers-Majluf Framework with Private Benefits of Control

Journal of Corporate Finance 11 (2005) 915– 945,
Number of pages: 47 Posted: 05 May 2004 Last Revised: 26 Aug 2012
Xueping Wu and Zheng Wang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 760 (24,803)
Citation 23

Abstract:

Equity financing, Private benefits of control, Underinvestment, Overinvestment, Announcement effect

Equity Financing in A Myers-Majluf Framework with Private Benefits of Control

Number of pages: 47 Posted: 08 Dec 2004
Xueping Wu and Zheng Wang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 347 (68,298)
Citation 23

Abstract:

Equity financing, Private benefits of control, Underinvestment, Overinvestment, Announcement effect

2.
Downloads 744 ( 25,942)
Citation 16

A Conditional Multifactor Analysis of Return Momentum

City U of HK, Dept. of Economics and Finance Working Paper No. 114
Number of pages: 35 Posted: 15 Feb 2001
Xueping Wu
City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 744 (25,529)
Citation 16

Abstract:

A Conditional Multifactor Analysis of Return Momentum

Journal of Banking and Finance, Vol. 26, No. 8, 2002
Posted: 20 Aug 2002
Xueping Wu
City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract:

Options on the Minimum or the Maximum of Two Average Prices

Number of pages: 37 Posted: 19 Sep 1998
Xueping Wu and Jin E. Zhang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Otago, Otago Business School, Department of Accountancy and Finance
Downloads 516 (41,930)
Citation 1

Abstract:

Options on the Minimum or the Maximum of Two Average Prices

Review of Derivatives Research, Vol. 3, No. 2, 1999
Posted: 23 Sep 1999
Xueping Wu and Jin E. Zhang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Otago, Otago Business School, Department of Accountancy and Finance

Abstract:

4.

An Adverse-Selection Model of Equity Financing with Private Benefits of Control

Number of pages: 42 Posted: 05 Sep 2001
Xueping Wu and Zheng Wang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 510 (42,664)

Abstract:

Equity Financing, Adverse Selection, Private Benefits of Control, Under- and Over-investment, Announcement Effect

5.

Ownership Concentration, Asymmetric Information, and the Positive Announcement Effect of New Equity Placements

Number of pages: 48 Posted: 11 Mar 2002
Xueping Wu and Zheng Wang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 505 (42,664)
Citation 2

Abstract:

Equity Placement, Announcement Effect, Asymmetric Information, Investment Opportunities, Ownership Structure

A New Stochastic Duration Based on the Vasicek and CIR Term Structure Theories

Journal of Business Finance and Accounting, Vol. 27, No. 7 & 8, September/October 2000
Number of pages: 31 Posted: 28 Dec 2000
Xueping Wu
City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 466 (47,738)
Citation 6

Abstract:

A New Stochastic Duration Based on the Vasicek and CIR Term Structure Theories

J of Business Finance and Accounting, Vol. 27, No. 7&8, September/October 2000
Posted: 27 Mar 2001
Xueping Wu
City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract:

Bond, One-Factor, Term Structure, Stochastic Duration, Immunization

7.

Keiretsu Membership, Firm Size, and Corporate Returns on Value and Cost

EFA 0564
Number of pages: 40 Posted: 22 Nov 2000
Xueping Wu, Piet Sercu and Charles J.P. Chen
City University of Hong Kong (CityUHK) - Department of Economics & Finance, FEB at KU Leuven and City University of Hong Kong (CityUHK) - Department of Accountancy
Downloads 419 (52,564)
Citation 2

Abstract:

Cost of Capital, Return on Investment, Value Added, Corporate Governance, keiretsu

8.

Why Do Firms Choose Value-Destroying Rights Offerings? Theory and Evidence from Hong Kong

Number of pages: 52 Posted: 21 Mar 2002
Xueping Wu and Zheng Wang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 411 (54,246)
Citation 2

Abstract:

Flotation Method, Rights Offering, Announcement Effect, Signaling, Private Benefits of Control, Control Value

Cross and Delta-Hedges: Regression versus Price-Based Hedge Ratios

Number of pages: 24 Posted: 24 May 1999
Piet Sercu and Xueping Wu
FEB at KU Leuven and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 376 (62,136)
Citation 3

Abstract:

Cross and Delta-Hedges: Regression versus Price-Based Hedge Ratios

Journal of Banking and Finance, Vol. 24, No. 5, pp. 735-757, 2000
Posted: 10 Nov 2002
Xueping Wu and Piet Sercu
City University of Hong Kong (CityUHK) - Department of Economics & Finance and FEB at KU Leuven

Abstract:

futures, heding, cross, delta, exchange rates

10.

Private Benefits of Control and the Choice of Seasoned Equity Flotation Method

Number of pages: 47 Posted: 18 Mar 2005
Xueping Wu and Zheng Wang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 274 (85,390)
Citation 4

Abstract:

Private Benefits, Control, Asymmetric information, Flotation Method, Rights Offer, SEO

The Value Information of Financing Decisions and Corporate Governance during and after the Japanese Deregulation

Number of pages: 48 Posted: 18 Mar 2003
Xueping Wu and Lily L. Xu
City University of Hong Kong (CityUHK) - Department of Economics & Finance and Fudan University - School of Business
Downloads 245 (100,767)
Citation 11

Abstract:

Firm value, Financing Decisions, Financial Deregulation, Keiretsu, Corporate Governance

The Value Information of Financing Decisions and Corporate Governance during and after the Japanese Deregulation

Journal of Business, Forthcoming
Posted: 18 Mar 2003
Xueping Wu and Lily L. Xu
City University of Hong Kong (CityUHK) - Department of Economics & Finance and Fudan University - School of Business

Abstract:

Firm value, Financing Decisions, Financial Deregulation, Keiretsu, Corporate Governance

12.

Understanding the Rise and Decline of the Japanese Main Bank System: The Real Effects of the Equity Market Boom during the Financial Deregulation

Number of pages: 49 Posted: 09 Mar 2005
Xueping Wu and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 227 (107,596)

Abstract:

Main bank, rent extraction, investment efficiency, financing, risk profile

13.

Seasoned Equity Issues and Ownership Concentration in a Closely Held Market: An Alignment Effect Test Free from the Unobserved Firm Heterogeneity Problem

Number of pages: 37 Posted: 09 Mar 2005
Xueping Wu and Zheng Wang
City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 208 (112,355)
Citation 4

Abstract:

Insider Ownership, Private Benefits, Unobserved Firm Heterogeneity, SEO Flotation Method

14.

Reexamining the Relation between Debt Mix and Growth in Japan

Number of pages: 44 Posted: 20 Jan 2002
Xueping Wu, Piet Sercu and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance, FEB at KU Leuven and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 174 (137,909)
Citation 4

Abstract:

Bank Loan, Monitoring, Outside Debt, Debt Choice, Growth

Understanding the Rise and Decline of the Japanese Main Bank System: The Changing Effects of Bank Rent Extraction

Number of pages: 51 Posted: 15 Mar 2007
Xueping Wu and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance and Hong Kong Polytechnic University
Downloads 102 (216,641)
Citation 2

Abstract:

Main Bank, Rent Extraction, Investment Efficiency, Financing, Bank Risk

Understanding the Rise and Decline of the Japanese Main Bank System: The Changing Effects of Bank Rent Extraction

Number of pages: 55 Posted: 15 Mar 2010
Xueping Wu and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance and Hong Kong Polytechnic University
Downloads 56 (309,859)
Citation 2

Abstract:

Main Bank, Rent Extraction, Investment Efficiency, Financing, Bank Risk

Understanding the Rise and Decline of the Japanese Main Bank System: The Changing Effects of Bank Rent Extraction

Journal of Banking and Finance, Vol. 36, No. 1, 2012
Posted: 31 Jul 2012
Xueping Wu and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance and Hong Kong Polytechnic University

Abstract:

financial deregulation, main bank, rent extraction, investment efficiency, bank risk

16.

Initial Growth Type and the Persistence of Corporate Capital Structure

Number of pages: 57 Posted: 27 Mar 2008
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 154 (151,516)

Abstract:

Capital Structure, Initial Growth Type, Persistence, Market Timing

Firm Growth Type and Capital Structure Persistence

Number of pages: 55 Posted: 31 Jul 2012 Last Revised: 26 Aug 2012
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 147 (163,229)

Abstract:

capital structure, persistence, growth type, compatibility, investment style, financing behavior

Firm Growth Type and Capital Structure Persistence

Journal of Banking and Finance, Forthcoming
Posted: 25 Aug 2012
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)

Abstract:

Capital structure, Persistence, Growth type, Investment style, Financing behavior, Growth type compatibility

18.

Understanding the Fundamental Persistence of Corporate Capital Structure

Number of pages: 60 Posted: 18 Mar 2010 Last Revised: 05 Aug 2010
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 143 (160,184)
Citation 1

Abstract:

Capital Structure, Persistence, Initial Determination, Fair Market Timing, Growth Type Compatibility

19.

A Growth Type Explanation for Capital Structure Persistence

Number of pages: 62 Posted: 12 Feb 2009 Last Revised: 09 Mar 2009
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 109 (198,926)
Citation 1

Abstract:

Capital Structure, Initial Growth Type, Persistence, External Finance, Market Timing

A Rent Protection Explanation for SEO Flotation Method Choice

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 58 Posted: 10 Sep 2014
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance and Hong Kong Polytechnic University
Downloads 46 (339,827)

Abstract:

Rights Issue, SEO, Flotation Method Choice, Private Benefits of Control, Rent Protection

A Rent Protection Explanation for SEO Flotation Method Choice

Number of pages: 58 Posted: 22 Jun 2014
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance and Hong Kong Polytechnic University
Downloads 36 (374,917)

Abstract:

Rights Issue, SEO, Flotation Method Choice, Private Benefits of Control, Rent Protection

A Rent-Protection Explanation for SEO Flotation-Method Choice

Journal of Financial and Quantitative Analysis (JFQA), Vol. 51, No. 3, 2016
Posted: 30 Aug 2016
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance and Hong Kong Polytechnic University

Abstract:

21.

A Growth Type Explanation for Persistence in Retained Earnings and Propensity to Pay

Number of pages: 40 Posted: 02 Apr 2009
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 75 (250,186)

Abstract:

Dividends, Propensity to Pay, Retained Earnings, Growth Type, Persistence

22.

Do Market Imperfections Give Rise to Financial Constraints? A Growth Type Explanation for the Sensitivity of Investment to Cash Flow

Number of pages: 49 Posted: 25 Aug 2012
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 68 (254,007)

Abstract:

Investment, Informational Imperfections, Growth Type, Financing Constraints

23.

A Growth Type Explanation for Persistence in Retained Earnings and Propensity to Pay Dividends

Number of pages: 49 Posted: 04 Aug 2010
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 68 (276,826)

Abstract:

Dividends, Propensity to Pay, Retained Earnings, Growth Type, Persistence

24.

Does Competition from New Equity Mitigate Bank Rent Extraction? Insights from Japanese Data

Journal of Banking and Finance, Forthcoming
Number of pages: 14 Posted: 14 Oct 2009
Xueping Wu, Piet Sercu and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance, FEB at KU Leuven and Hong Kong Polytechnic University
Downloads 37 (356,375)
Citation 1

Abstract:

debt mix, monitored debt, holdup, asymmetric information, growth, new equity

25.

Is the Forward Bias Economically Small? Evidence from European Rates

Journal of International Money and Finance, Vol. 27, pp. 1284–1302, 2008,
Number of pages: 19 Posted: 14 Oct 2009
FEB at KU Leuven, Katholieke Universiteit Leuven - Faculty of Business and Economics and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 27 (385,743)
Citation 1

Abstract:

Forward bias, Transaction costs, Trading rule, EMS, ERM

26.

The Sensitivity of Investment to Cash Flow: An Explanation Based on the Growth-Type-Aligned Financing Hierarchy

29th Australasian Finance and Banking Conference 2016
Number of pages: 53 Posted: 17 Aug 2016
Xueping Wu and Chau Kin Au Yeung
City University of Hong Kong (CityUHK) - Department of Economics & Finance and The Chinese University of Hong Kong (CUHK)
Downloads 0 (494,054)

Abstract:

Investment, Growth type, Informational imperfection, Agency Conflict, Financing Hierarchy, Financial constraint

27.

Advisor Lending to the Advised Acquirer During M&A: Conflict of Interest or Last Resort Financing?

29th Australasian Finance and Banking Conference 2016
Number of pages: 61 Posted: 16 Aug 2016
Chong Chen and Xueping Wu
City University of Hong Kong (CityUHK)- Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance
Downloads 0 (389,913)

Abstract:

M&A, Investment Banking, Advisor Lending, Conflict of Interest, Last Resort Financing

28.

Understanding the Positive Announcement Effects of Private Equity Placements: New Insights from Hong Kong Data

Review of Finance, Vol. 9, No. 3, pp. 385-414, September 2005
Posted: 29 Sep 2005
Xueping Wu, Zheng Wang and Jun Yao
City University of Hong Kong (CityUHK) - Department of Economics & Finance, City University of Hong Kong (CityUHK) - Department of Economics & Finance and City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract:

SEO, placement, ownership structure, asymmetric information, growth

29.

The Information Content in Bond Model Residuals: An Empirical Study on the Belgian Bond Market

Journal of Banking & Finance, Vol. 21, 1997
Posted: 16 Oct 1998
Piet Sercu and Xueping Wu
FEB at KU Leuven and City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract:

30.

Foreign Exchange Exposure, Risk and the Japan Market

WP 96-80
Posted: 25 Jun 1998
Jia He, Lilian K. Ng and Xueping Wu
The Chinese University of Hong Kong (CUHK) - Department of Finance, York University - Schulich School of Business and City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract:

31.

Foreign Exchange Exposure, Risk and the Japanese Stock Market

Posted: 07 May 1998
Jia He, Lilian K. Ng and Xueping Wu
The Chinese University of Hong Kong (CUHK) - Department of Finance, York University - Schulich School of Business and City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract:

32.

A New Stochastic Duration Measure by the Vasicek and CIR Term Structure Theories

City University of Hong Kong Working Paper No. 89
Posted: 13 Nov 1996
Xueping Wu
City University of Hong Kong (CityUHK) - Department of Economics & Finance

Abstract: