Kee H. Chung

State University of New York at Buffalo - School of Management

Louis M. Jacobs Chair of Financial Planning and Control

Buffalo, NY 14260

United States

http://mgt.buffalo.edu/faculty/academic-departments/finance/faculty/kee-chung.html

SCHOLARLY PAPERS

74

DOWNLOADS
Rank 649

SSRN RANKINGS

Top 649

in Total Papers Downloads

27,483

CITATIONS
Rank 819

SSRN RANKINGS

Top 819

in Total Papers Citations

638

Scholarly Papers (74)

1.

A Simple Approximation of Tobin's Q

Financial Management, Vol. 23, No. 3, 1994
Number of pages: 5 Posted: 13 Jan 2007
Kee H. Chung and Stephen W. Pruitt
State University of New York at Buffalo - School of Management and University of Missouri at Kansas City - Department of Finance, Information Management, and Strategy
Downloads 3,249 (1,943)
Citation 198

Abstract:

Tobin's q, Simple formula

Marketing of Stocks by Brokerage Firms: The Role of Financial Analysts

Number of pages: 31 Posted: 29 Oct 2000
Kee H. Chung
State University of New York at Buffalo - School of Management
Downloads 1,891 (5,894)
Citation 10

Abstract:

Marketing, Financial analysts, Stock rankings, Cognitive error

Marketing of Stocks by Brokerage Firms: The Role of Financial Analysts

Financial Management
Posted: 06 Oct 2000
Kee H. Chung
State University of New York at Buffalo - School of Management

Abstract:

Marketing, Financial analysts, Stock rankings, Cognitive error

3.
Downloads 1,885 ( 6,057)
Citation 16

Citation Patterns in the Finance Literature

Number of pages: 24 Posted: 20 Dec 2000
State University of New York at Buffalo - School of Management, Thompson Rivers University and Central Michigan University - Department of Finance and Law
Downloads 1,885 (5,925)
Citation 16

Abstract:

citations, concentration, stochastic process

Citation Patterns in the Finance Literature

Financial Management, Vol. 30, No. 3, Autumn 2001
Posted: 16 Aug 2001
State University of New York at Buffalo - School of Management, Thompson Rivers University and Central Michigan University - Department of Finance and Law

Abstract:

Journal citations, scholarly output, journal rankings

4.

Corporate Governance and Liquidity

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 42 Posted: 11 Jun 2008 Last Revised: 31 May 2009
Kee H. Chung, John Elder and Jang-Chul Kim
State University of New York at Buffalo - School of Management, Colorado State University and Northern Kentucky University - Haile/US Bank College of Business
Downloads 1,729 (5,707)
Citation 23

Abstract:

Corporate governance, Spreads, Price impact, Information-based trading, Liquidity

5.

Corporate Governance and Institutional Ownership

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 53 Posted: 25 May 2009
Kee H. Chung and Hao Zhang
State University of New York at Buffalo - School of Management and Rochester Institute of Technology (RIT) - Saunders College of Business
Downloads 1,518 (6,831)
Citation 18

Abstract:

Corporate governance, Institutional ownership, Fiduciary responsibility, Monitoring costs, Liquidity, Trading costs

6.

Trading Volume, Information, and Trading Costs: Empirical Evidence

Number of pages: 30 Posted: 09 Apr 2003
Kee H. Chung, Hoje Jo and Hersh Shefrin
State University of New York at Buffalo - School of Management, Santa Clara University and Santa Clara University - Leavey School of Business
Downloads 866 (20,425)

Abstract:

Trading volume, Information precision, Differential belief, Bid-ask spreads, Structural model

7.

Information-based Trading, Price Impact of Trades, and Trade Autocorrelation

Number of pages: 35 Posted: 27 May 2004
Kee H. Chung, Mingsheng Li and Thomas H. McInish
State University of New York at Buffalo - School of Management, Bowling Green State University - College of Business Administration and University of Memphis - Fogelman College of Business and Economics
Downloads 769 (23,906)
Citation 7

Abstract:

Quote revisions, asymmetric information, price impact, trade autocorrelation

Information Asymmetry and Corporate Cash Holdings

Number of pages: 49 Posted: 05 Mar 2011 Last Revised: 20 Nov 2015
State University of New York at Buffalo - School of Management, Northern Kentucky University - Haile/US Bank College of Business, Northern Kentucky University - Haile/US Bank College of Business and Rochester Institute of Technology (RIT) - Saunders College of Business
Downloads 748 (25,583)

Abstract:

Cash Holdings, Information Asymmetry, Corporate Governance, Firm Value

Information Asymmetry and Corporate Cash Holdings

Journal of Business Finance & Accounting, Vol. 42, Issue 9-10, pp. 1341-1377, 2015
Number of pages: 37 Posted: 20 Jan 2016
State University of New York at Buffalo - School of Management, Northern Kentucky University, Northern Kentucky University - Haile/US Bank College of Business and Rochester Institute of Technology (RIT) - Saunders College of Business
Downloads 0

Abstract:

cash holdings, information asymmetry, monitoring cost

9.

A Simple Approximation of Intraday Spreads Using Daily Data

Journal of Financial Markets, Forthcoming
Number of pages: 41 Posted: 28 Feb 2009 Last Revised: 27 May 2013
Kee H. Chung and Hao Zhang
State University of New York at Buffalo - School of Management and Rochester Institute of Technology (RIT) - Saunders College of Business
Downloads 673 (23,991)
Citation 5

Abstract:

Bid-ask spreads, TAQ, CRSP, Market liquidity, Information asymmetry, Low-frequency liquidity measures

Intraday Variation in the Bid-Ask Spread: Evidence After the Market Reform

Number of pages: 25 Posted: 06 Feb 2002
Kee H. Chung and Xin Zhao
State University of New York at Buffalo - School of Management and Pennsylvania State University (Erie) - The Behrend College
Downloads 552 (38,765)
Citation 1

Abstract:

Nasdaq, order handling rules, intraday pattern, spreads

Intraday Variation in the Bid-Ask Spread: Evidence After the Market Reform

Journal of Financial Research, Forthcoming
Posted: 01 Apr 2002
Kee H. Chung and Xin Zhao
State University of New York at Buffalo - School of Management and Pennsylvania State University (Erie) - The Behrend College

Abstract:

Nasdaq, order handling rules, intraday pattern, spreads

11.
Downloads 515 ( 42,931)
Citation 62

Limit orders and the bid-ask spread

Number of pages: 38 Posted: 03 Jun 2003
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance
Downloads 515 (42,408)
Citation 62

Abstract:

Limit order, Bid-ask spread, Specialists

Limit Orders and the Bid-Ask Spread

Journal of Financial Economics, Vol. 53, pp. 255-287, August 1999
Posted: 30 Oct 1998
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance

Abstract:

Order Preferencing and Market Quality on NASDAQ Before and After Decimalization

Number of pages: 43 Posted: 07 May 2003
State University of New York at Buffalo - School of Management, Indiana University Purdue University Fort Wayne and U.S. Securities and Exchange Commission
Downloads 513 (42,621)
Citation 31

Abstract:

Order Preferencing and Market Quality on NASDAQ Before and After Decimalization

Journal of Financial Economics, Forthcoming
Posted: 07 May 2003
State University of New York at Buffalo - School of Management, Indiana University Purdue University Fort Wayne and U.S. Securities and Exchange Commission

Abstract:

13.
Downloads 485 ( 46,341)
Citation 4

Tick Size and Quote Revisions on the NYSE

Number of pages: 28 Posted: 16 Aug 2001
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Indiana University Purdue University Fort Wayne
Downloads 485 (45,767)
Citation 4

Abstract:

Specialists, Spreads, Depths, Liquidity providers, Minimum price variation

Tick Size and Quote Revisions on the NYSE

Forthcoming in Journal of Financial Markets
Posted: 16 Aug 2001
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Indiana University Purdue University Fort Wayne

Abstract:

Specialists, Spreads, Depths, Liquidity providers, Minimum price variation

14.

Are Nasdaq Stocks More Costly to Trade than NYSE Stocks? Evidence After Decimalization

Number of pages: 33 Posted: 27 Jul 2001
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance
Downloads 479 (44,829)
Citation 8

Abstract:

liquidity, spreads, decimal pricing, quote clustering

15.
Downloads 463 ( 49,097)
Citation 1

Assets in Place, Growth Opportunities, and IPO Returns

Number of pages: 40 Posted: 04 Aug 2005
Kee H. Chung, Mingsheng Li and Linda Q. Yu
State University of New York at Buffalo - School of Management, Bowling Green State University - College of Business Administration and University of Wisconsin - Whitewater - Finance and Business Law
Downloads 443 (51,341)
Citation 1

Abstract:

IPO returns, growth opportunities, assets in place, risk, reservation price

Assets in Place, Growth Opportunities, and IPO Returns

Financial Management, Vol. 34, No. 3, pp. 65-88, Autumn 2005
Number of pages: 24 Posted: 23 Nov 2005
Kee H. Chung, Mingsheng Li and Linda Q. Yu
State University of New York at Buffalo - School of Management, Bowling Green State University - College of Business Administration and University of Wisconsin - Whitewater - Finance and Business Law
Downloads 20 (456,554)
Citation 1

Abstract:

16.

Tick Size and Trading Costs: NYSE vs. Nasdaq

Number of pages: 26 Posted: 21 Nov 2000
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Indiana University Purdue University Fort Wayne
Downloads 435 (52,163)

Abstract:

Spreads, depths, time precedence, minimum price variation

17.
Downloads 392 ( 60,198)
Citation 6

Security Analysis and Market Making

Number of pages: 42 Posted: 04 Nov 2003
Kee H. Chung and Seong-Yeon Cho
State University of New York at Buffalo - School of Management and Oakland University
Downloads 392 (59,598)
Citation 6

Abstract:

NASDAQ, Analyst following, Dealers, Market making, Earnings forecasts

Security Analysis and Market Making

Posted: 22 May 2004
Kee H. Chung and Seong-Yeon Cho
State University of New York at Buffalo - School of Management and Oakland University

Abstract:

NASDAQ, analyst following, dealers, market making, earnings forecasts

Can the Treatment of Limit Orders Reconcile the Differences in Trading Costs between NYSE and Nasdaq Issues?

Number of pages: 33 Posted: 11 Dec 2000
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance
Downloads 392 (59,598)
Citation 26

Abstract:

Limit order, bid-ask spread, collusion, NYSE specialists, Nasdaq dealers

Can the Treatment of Limit Orders Reconcile the Differences in Trading Costs between NYSE and Nasdaq Issues?

As published in Journal of Financial and Quantitative Analysis
Posted: 25 Jan 2001
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance

Abstract:

Limit order, bid-ask spread, collusion, NYSE specialists, Nasdaq dealers

19.

Information Disclosure and Market Quality: The Effect of Sec Rule 605 on Trading Costs

Number of pages: 44 Posted: 27 Jan 2006
Xin Zhao and Kee H. Chung
Pennsylvania State University (Erie) - The Behrend College and State University of New York at Buffalo - School of Management
Downloads 391 (56,976)
Citation 4

Abstract:

Execution costs, Market quality, Information disclosure, Market makers, Quote competition

20.

Spreads, Depths, and Quote Clustering on the NYSE and Nasdaq: Evidence After the 1997 Securities and Exchange Commission Rule Changes

Number of pages: 34 Posted: 13 Aug 2002
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance
Downloads 358 (65,475)
Citation 7

Abstract:

liquidity, spreads, depths, quote clustering, collusion

21.

Strategic Informed Trading and the Market Reaction to Earnings Announcements

Number of pages: 28 Posted: 15 Mar 2014 Last Revised: 01 Mar 2016
Kee H. Chung, Oliver Kim, Steve C. Lim and Sean Yang
State University of New York at Buffalo - School of Management, University of Maryland, Texas Christian University - M.J. Neeley School of Business and State University of New York at Buffalo - School of Management
Downloads 343 (39,615)

Abstract:

Strategic trading, Information asymmetry, Information precision, Liquidity demander, Liquidity provider, Order imbalance, Information content, Price impact

22.

Characteristics and Information Value of Credit Watches

Financial Management, Forthcoming
Number of pages: 69 Posted: 31 Dec 2008 Last Revised: 04 Jan 2012
Kee H. Chung, Carol Ann Frost and Myungsun Kim
State University of New York at Buffalo - School of Management, University of North Texas and SUNY at Buffalo
Downloads 330 (66,353)
Citation 4

Abstract:

Credit watches, Credit rating agencies (CRAs), Bond ratings, Market impact, Contracting, Information supply

Decimal Pricing and Information-Based Trading: Tick Size and Informational Efficiency of Asset Price

Number of pages: 24 Posted: 03 Dec 2005
Xin Zhao and Kee H. Chung
Pennsylvania State University (Erie) - The Behrend College and State University of New York at Buffalo - School of Management
Downloads 290 (84,629)
Citation 4

Abstract:

tick size, information-based trading, decimalization, PIN measure, information efficiency

Decimal Pricing and Information-Based Trading: Tick Size and Informational Efficiency of Asset Price

Journal of Business Finance & Accounting, Vol. 33, No. 5-6, pp. 753-766, June/July 2006
Number of pages: 14 Posted: 13 Aug 2006
Xin Zhao and Kee H. Chung
Pennsylvania State University (Erie) - The Behrend College and State University of New York at Buffalo - School of Management
Downloads 27 (417,689)
Citation 4

Abstract:

Trading Costs and Quote Clustering on the NYSE and NASDAQ after Decimalization

Number of pages: 31 Posted: 02 Oct 2003
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance
Downloads 312 (77,887)
Citation 19

Abstract:

Trading cost, Decimal pricing, Quote clustering, Averaging method

Trading Costs and Quote Clustering on the NYSE and NASDAQ After Decimalization

Journal of Financial Research, Forthcoming
Posted: 07 Dec 2003
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance

Abstract:

25.
Downloads 303 ( 80,943)
Citation 3

Making a Market with Spreads and Depths

Number of pages: 34 Posted: 09 Apr 2003
Kee H. Chung and Xin Zhao
State University of New York at Buffalo - School of Management and Pennsylvania State University (Erie) - The Behrend College
Downloads 279 (88,366)
Citation 3

Abstract:

Making a Market with Spreads and Depths

Journal of Business Finance & Accounting, Vol. 31, No. 7-8, pp. 1069-1097, September 2004
Number of pages: 28 Posted: 23 Sep 2004
Kee H. Chung and Xin Zhao
State University of New York at Buffalo - School of Management and Pennsylvania State University (Erie) - The Behrend College
Downloads 24 (433,652)
Citation 3

Abstract:

26.
Downloads 301 ( 81,534)
Citation 9

Tick Size, Order Handling Rules, and Trading Costs

Number of pages: 26 Posted: 09 Apr 2003
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Indiana University Purdue University Fort Wayne
Downloads 288 (85,305)
Citation 9

Abstract:

Tick Size, Order Handling Rules, and Trading Costs

Financial Management, Vol. 33, No. 1, Spring 2004
Number of pages: 16 Posted: 07 Jan 2005
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Indiana University Purdue University Fort Wayne
Downloads 13 (496,982)
Citation 9

Abstract:

Tick Size, Order Handling Rules, and Trading Costs

Financial Management, Forthcoming
Posted: 09 Apr 2003
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Indiana University Purdue University Fort Wayne

Abstract:

27.

Uncertainty, Market Structure, and Liquidity

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 58 Posted: 06 Dec 2013 Last Revised: 16 May 2014
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Kansas State University - Department of Finance
Downloads 279 (63,864)
Citation 1

Abstract:

Liquidity commonality, VIX, Volatility, Market makers, Uncertainty, Bid-ask spread, Market structure

28.

Reverse Stock Splits, Institutional Holdings, and Share Value

Number of pages: 59 Posted: 15 Mar 2011 Last Revised: 11 Oct 2014
Kee H. Chung and Sean Yang
State University of New York at Buffalo - School of Management and State University of New York at Buffalo - School of Management
Downloads 279 (75,215)

Abstract:

Reverse stock split, Institutional investment, Investor base, Prudent-person rule, Fiduciary responsibility

29.

Regulation NMS and Market Quality

Financial Management, Forthcoming
Number of pages: 55 Posted: 15 Nov 2010 Last Revised: 26 Sep 2011
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Kansas State University - Department of Finance
Downloads 276 (79,266)
Citation 1

Abstract:

regulation NMS, spreads, depths, market quality index, trading costs, price discovery, execution speed, execution probability, price impact, price improvement, return volatility, market share

30.

Liquidity and Returns to Target Shareholders in the Market for Corporate Control: Evidence from the U.S. Markets

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 49 Posted: 25 Mar 2008 Last Revised: 28 Nov 2012
Kaun Y. Lee and Kee H. Chung
Chung-Ang University and State University of New York at Buffalo - School of Management
Downloads 250 (93,243)

Abstract:

Mergers, Tender offers, Bid-ask spread, Liquidity premium, Abnormal returns

31.

Volatility, Market Structure, and the Bid-Ask Spread

Number of pages: 45 Posted: 11 Jun 2008
Kee H. Chung and Youngsoo Kim
State University of New York at Buffalo - School of Management and University of Regina
Downloads 245 (91,788)
Citation 3

Abstract:

Dealer, Specialist, Market structure, Bid-ask spreads, Fair and orderly markets

32.

Transparency and Market Quality: Evidence from SuperMontage

Journal of Financial Intermediation, Forthcoming
Number of pages: 38 Posted: 27 Dec 2007 Last Revised: 31 May 2009
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Kansas State University - Department of Finance
Downloads 235 (97,112)
Citation 4

Abstract:

Execution costs, Market quality, Liquidity, Market transparency, Market participants, Quote competition

33.

Corporate Governance and the Informational Efficiency of Prices

Financial Management, Forthcoming
Number of pages: 40 Posted: 16 Mar 2011 Last Revised: 11 Nov 2015
Choonsik Lee, Kee H. Chung and Sean Yang
Quinnipiac University, State University of New York at Buffalo - School of Management and State University of New York at Buffalo - School of Management
Downloads 229 (109,406)

Abstract:

Corporate governance, Transparency, Market efficiency, Liquidity

34.

Time Diversification: Definitions and Some Closed-Form Solutions

Journal of Banking and Finance, Forthcoming
Number of pages: 32 Posted: 27 Dec 2007 Last Revised: 19 Dec 2008
Kee H. Chung, William T. Smith and Tao L. Wu
State University of New York at Buffalo - School of Management, University of Memphis - Economics and Illinois Institute of Technology
Downloads 228 (102,076)

Abstract:

Time diversification, Portfolio choice, Asset allocation

35.

Penny Pricing and the Components of Spread and Depth Changes

Number of pages: 39 Posted: 31 Oct 2003
State University of New York at Buffalo - School of Management, Nanyang Technological University (NTU) and Singapore Management University - Lee Kong Chian School of Business
Downloads 228 (103,410)
Citation 7

Abstract:

binding constraint, tick size, stepping ahead, spreads, depths, decimal pricing

Price and Quantity Quotes on NASDAQ: A Study of Dealer Quotation Behavior

Number of pages: 34 Posted: 23 Sep 2003
Kee H. Chung and Xin Zhao
State University of New York at Buffalo - School of Management and Pennsylvania State University (Erie) - The Behrend College
Downloads 194 (128,171)
Citation 6

Abstract:

Spreads, Depths, Dealer quotes, NASDAQ, Liquidity providers

Price and Quantity Quotes on Nasdaq: A Study of Dealer Quotation Behavior

Journal of Financial Research, Forthcoming
Posted: 07 Dec 2003
Kee H. Chung and Xin Zhao
State University of New York at Buffalo - School of Management and Pennsylvania State University (Erie) - The Behrend College

Abstract:

37.

Investment Duration and Corporate Governance

Number of pages: 44 Posted: 17 Mar 2012 Last Revised: 29 Aug 2014
Youngjoo Lee and Kee H. Chung
University at Buffalo and State University of New York at Buffalo - School of Management
Downloads 176 (126,647)
Citation 1

Abstract:

institutional investors, corporate governance, investment duration, monitoring incentive

38.

Foreign and Local Institutional Ownership and the Speed of Price Adjustment

Number of pages: 44 Posted: 22 Feb 2007
Young K. Park and Kee H. Chung
Sungkyunkwan University and State University of New York at Buffalo - School of Management
Downloads 175 (134,970)
Citation 1

Abstract:

foreign ownership, institutional ownership, speed of price adjustment, information, local investors

39.

The Dynamics of Dealer Markets and Trading Costs

Number of pages: 31 Posted: 15 Nov 2004
Kee H. Chung and Youngsoo Kim
State University of New York at Buffalo - School of Management and University of Regina
Downloads 169 (141,943)

Abstract:

Dealer market, market concentration, competition, turbulence, market structure, bid-ask spreads

40.

Liquidity and Information Flow Around Monetary Policy Announcements

Journal of Money, Credit and Banking, Forthcoming
Number of pages: 49 Posted: 09 Nov 2010 Last Revised: 07 Aug 2012
Kee H. Chung, John Elder and Jang-Chul Kim
State University of New York at Buffalo - School of Management, Colorado State University and Northern Kentucky University - Haile/US Bank College of Business
Downloads 159 (137,060)

Abstract:

Monetary Policy, Liquidity, Spread, Depth, Event Study, Market Efficiency

41.

Can Sub-Penny Pricing Reduce Trading Costs?

Number of pages: 37 Posted: 22 Oct 2004
Bidisha Chakrabarty and Kee H. Chung
Saint Louis University - John Cook School of Business and State University of New York at Buffalo - School of Management
Downloads 159 (149,563)
Citation 1

Abstract:

Decimalization, Sub-penny Quotation, Markov Chain Monte Carlo, Quote Aggressiveness, Spreads, Electronic Communications Networks

42.

Quote-Based Competition, Market Share, and Execution Quality in NASDAQ-Listed Securities

Journal of Banking and Finance, Forthcoming
Number of pages: 43 Posted: 02 Jan 2007
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Indiana University Purdue University Fort Wayne
Downloads 157 (151,150)
Citation 1

Abstract:

Dealer market share, Quote aggressiveness, Order preferencing, Decimalization, SuperSOES, SuperMontage

43.

Insider Trading and the Bid-Ask Spread

Financial Review, August 1998
Number of pages: 20 Posted: 20 Jul 1998 Last Revised: 16 Dec 2009
Charlie Charoenwong and Kee H. Chung
Nanyang Technological University (NTU) and State University of New York at Buffalo - School of Management
Downloads 152 (141,943)
Citation 18

Abstract:

44.

Does Internalization Diminish the Impact of Quote Aggressiveness on Dealer Market Share?

Number of pages: 37 Posted: 24 Aug 2004
State University of New York at Buffalo - School of Management, Indiana University Purdue University Fort Wayne and U.S. Securities and Exchange Commission
Downloads 151 (157,874)
Citation 7

Abstract:

Dealer market share, Market concentration, Herfindahl-index, Internalization, Quote aggressiveness, Decimalization

45.

Liquidity and Quote Clustering in a Market with Multiple Tick Sizes

Journal of Financial Research, Forthcoming
Number of pages: 25 Posted: 04 May 2004
State University of New York at Buffalo - School of Management, SUNY at Buffalo - School of Management and Texas A&M International University - College of Business
Downloads 135 (160,620)
Citation 4

Abstract:

tick size, liquidity, spread, depth, quote clustering

46.

The Dynamics of Quote Adjustments

Journal of Banking and Finance, Forthcoming
Number of pages: 45 Posted: 27 Dec 2007 Last Revised: 22 Jul 2008
Kee H. Chung, Chairat Chuwonganant and Jing Jiang
State University of New York at Buffalo - School of Management, Kansas State University - Department of Finance and State University of New York (SUNY) - Financial & Managerial Economics
Downloads 134 (172,018)

Abstract:

Spreads, Depths, Market structure, Market efficiency, Tick size, Quote revision, Adverse- selection costs

47.

On the Relation Between Intellectual Collaboration and Intellectual Output: Evidence from the Finance Academe

Number of pages: 51 Posted: 26 May 2008
Kee H. Chung, Raymond A.K. Cox and Kenneth Kim
State University of New York at Buffalo - School of Management, Thompson Rivers University and SUNY at Buffalo - School of Management
Downloads 129 (179,244)
Citation 3

Abstract:

intellectual collaboration, coauthors, citation, Google Scholar, paper quality

48.

Information-Based Trading and the Bid-Ask Spread

Number of pages: 23 Posted: 15 Sep 2010
Kee H. Chung and Jing Jiang
State University of New York at Buffalo - School of Management and affiliation not provided to SSRN
Downloads 96 (211,468)
Citation 16

Abstract:

Spread, Specialist, Passive vs. Active Equilibrium, Informed Trading

49.

The Noninformation Cost of Trading and Its Relative Importance in Asset Pricing

Review of Asset Pricing Studies, Forthcoming
Number of pages: 59 Posted: 02 Aug 2015 Last Revised: 11 Feb 2016
Kee H. Chung and Sahn-Wook Huh
State University of New York at Buffalo - School of Management and State University of New York (SUNY) - Department of Finance
Downloads 80 (112,286)

Abstract:

Order Flows, Lee-Ready Method, Holden-Jacobsen Algorithm, Trading Costs, Order-Processing Cost, Inventory-Holding Cost, Non-Information Cost, Information Asymmetry, Adverse-Section Cost, Asset Pricing, Equilibrium Returns

Antitakeover Statutes and Internal Corporate Governance

Corporate Governance: An International Review, Forthcoming
Number of pages: 56 Posted: 10 Dec 2015
Choonsik Lee and Kee H. Chung
Quinnipiac University and State University of New York at Buffalo - School of Management
Downloads 76 (264,584)

Abstract:

Corporate Governance, Antitakeover Statutes, Internal Monitoring

Antitakeover Statutes and Internal Corporate Governance

Corporate Governance: An International Review, Vol. 24, Issue 5, pp. 468-489, 2016
Number of pages: 22 Posted: 06 Sep 2016
Choonsik Lee and Kee H. Chung
Quinnipiac University and State University of New York at Buffalo - School of Management
Downloads 0

Abstract:

Corporate Governance, Antitakeover Statutes, Internal Monitoring

51.

The Impact of Security Analysts' Monitoring and Marketing Functions on the Market Value of Firms

Journal of Financial and Quantitative Analysis (JFQA), December 1996
Number of pages: 21 Posted: 25 Nov 1996 Last Revised: 29 Nov 2009
Kee H. Chung and Hoje Jo
State University of New York at Buffalo - School of Management and Santa Clara University
Downloads 68 (252,288)
Citation 68

Abstract:

52.

Executive Ownership, Corporate Value, and Executive Compensation: A Unifying Framework

Journal of Banking and Finance, Vol. 20, 1996
Number of pages: 25 Posted: 15 Dec 2009
Kee H. Chung and Stephen W. Pruitt
State University of New York at Buffalo - School of Management and University of Missouri at Kansas City - Department of Finance, Information Management, and Strategy
Downloads 65 (276,913)
Citation 26

Abstract:

Executive ownership, Tobin's q, Executive compensation

53.

Foreign Ownership, Legal System, and Stock Market Liquidity

Number of pages: 48 Posted: 13 Feb 2015 Last Revised: 23 Jan 2016
Jieun Lee and Kee H. Chung
Bank of Korea and State University of New York at Buffalo - School of Management
Downloads 60 (167,217)

Abstract:

Foreign investors, Information asymmetry, Price impact, Spread, Adverse selection component, Non-information cost of trading, Illiquidity

54.

Security Analysis, Dealer-Analyst Collaboration, and Market Quality: Evidence from the Nasdaq Market in the USA

Journal of Business Finance & Accounting, Forthcoming
Number of pages: 43 Posted: 05 Jul 2012
Kee H. Chung, Mingsheng Li and Xin Zhao
State University of New York at Buffalo - School of Management, Bowling Green State University - College of Business Administration and Pennsylvania State University (Erie) - The Behrend College
Downloads 45 (302,878)

Abstract:

Analyst following, Dealers, Spreads, Depths, Execution quality, Price impact, Adverse selection cost, Quote aggressiveness, Trading costs, SEC Rule 605

Exit, Survival, and Competitive Equilibrium in Dealer Markets

Number of pages: 36 Posted: 11 Aug 2013
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Kansas State University - Department of Finance
Downloads 39 (366,733)

Abstract:

market structure, dealer competition, competitive advantages, quote aggressiveness, bid-ask spread, market share, survival probability, exit decision

Exit, Survival, and Competitive Equilibrium in Dealer Markets

Financial Review, Vol. 49, Issue 3, pp. 435-460, 2014
Number of pages: 26 Posted: 26 Jul 2014
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Kansas State University - Department of Finance
Downloads 1 (568,590)

Abstract:

market structure, dealer competition, competitive advantages, quote aggressiveness, bid‐ask spread, market share, survival probability, exit decision

56.

Is Informed Trading Different Across Investor Types?

Number of pages: 31 Posted: 25 Aug 2015
Hyejin Park, Kee H. Chung and In Joon Kim
Yonsei University - Yonsei University School of Business, State University of New York at Buffalo - School of Management and Yonsei University - School of Business
Downloads 22 (290,606)

Abstract:

Informed trading, Investor types, PIN, Trade initiator, Institutional investors, Foreign investors

57.

Foreign Ownership, Legal System and Stock Market Liquidity

Bank of Korea Working Paper No. 2015-15
Number of pages: 42 Posted: 05 Jun 2015 Last Revised: 04 Sep 2015
Jieun Lee and Kee H. Chung
Bank of Korea and State University of New York at Buffalo - School of Management
Downloads 16 (425,976)

Abstract:

Foreign investors, Information asymmetry, Price impact, Spread, Adverse selection component, Non-information cost of trading, Illiquidity

58.

The Concentration of Commercial Success in Popular Music: An Analysis of the Distribution of Gold Records

Journal of Cultural Economics, 1995, Vol. 19, No. 4, 333-340
Number of pages: 14 Posted: 24 Feb 2013
Raymond A.K. Cox, James Felton and Kee H. Chung
Thompson Rivers University, Central Michigan University - Department of Finance and Law and State University of New York at Buffalo - School of Management
Downloads 15 (389,052)
Citation 3

Abstract:

Lotka's Law, Generalized Lotka's Law, gold records, music industry, commercial success

59.

Foreign and Local Institutional Ownership and the Speed of Price Adjustment

Journal of Business Finance & Accounting, Vol. 34, Issue 9-10, pp. 1569-1595, November/December 2007
Number of pages: 27 Posted: 11 Dec 2007
Young K. Park and Kee H. Chung
affiliation not provided to SSRN and State University of New York at Buffalo - School of Management
Downloads 8 (502,643)
Citation 1

Abstract:

60.

Liquidity and Returns to Target Shareholders in the Market for Corporate Control: Evidence from the US Markets

Journal of Business Finance & Accounting, Vol. 40, Issue 1-2, pp. 142-171, 2013
Number of pages: 30 Posted: 27 Feb 2013
Kaun Y. Lee and Kee H. Chung
affiliation not provided to SSRN and State University of New York at Buffalo - School of Management
Downloads 1 (540,530)

Abstract:

 mergers, tender offers, bid‐ask spread, liquidity premium, abnormal returns

61.

Security Analysis, Dealer‐Analyst Collaboration, and Market Quality: Evidence from the NASDAQ Market in the USA

Journal of Business Finance & Accounting, Vol. 39, Issue 9‐10, pp. 1376-1402, 2012,
Number of pages: 27 Posted: 12 Jan 2013
Kee H. Chung, Mingsheng Li and Xin Zhao
State University of New York at Buffalo - School of Management, Bowling Green State University - College of Business Administration and University of International Business and Economics (UIBE)
Downloads 1 (540,530)

Abstract:

NASDAQ, analyst following, dealers, spreads, depths, execution quality, price impact, adverse selection cost, quote aggressiveness, trading costs, SEC Rule 605

62.

Information-Based Trading and Price Improvement

Journal of Business Finance & Accounting, Vol. 36, Issue 5-6, pp. 754-773, June/July 2009
Number of pages: 20 Posted: 13 Oct 2009
Kaun Y. Lee and Kee H. Chung
affiliation not provided to SSRN and State University of New York at Buffalo - School of Management
Downloads 1 (540,530)

Abstract:

63.

Market Volatility and Stock Returns: The Role of Liquidity Providers

Number of pages: 58 Posted: 04 Apr 2017
Kee H. Chung and Chairat Chuwonganant
State University of New York at Buffalo - School of Management and Kansas State University - Department of Finance
Downloads 0 (156,997)

Abstract:

Market Volatility, Risk Premium, VIX, Liquidity Shock, Bid-Ask Spread, Price Impact, Stock Returns, Market Structure

64.

High-Frequency Trading: Review of the Literature and Regulatory Initiatives Around the World

Asia-Pacific Journal of Financial Studies, Forthcoming
Number of pages: 40 Posted: 02 Dec 2015
Kee H. Chung and Albert J. Lee
State University of New York at Buffalo - School of Management and SUNY at Buffalo - School of Management
Downloads 0 (78,131)

Abstract:

High-frequency traders, Market quality, Market volatility, Market regulation, Algorithmic trading

65.

Investment Options, Assets in Place, and the Risk of Stocks

Financial Management, Vol. 20, No. 3, pp. 21-33, Autumn, 1991
Posted: 15 Dec 2009
Kee H. Chung and Charlie Charoenwong
State University of New York at Buffalo - School of Management and Nanyang Technological University (NTU)

Abstract:

66.

Output Decision Under Demand Uncertainty with Stochastic Production Function: A Contingent Claims Approach

Management Science, Vol. 36, No. 11, pp. 1311-1328, November 1990
Posted: 15 Dec 2009
Kee H. Chung
State University of New York at Buffalo - School of Management

Abstract:

67.

Risk in Inventory Models: The Case of the Newsboy Problem - Optimality Conditions

The Journal of the Operational Research Society, Vol. 41, No. 2, pp. 173-176, February 1990
Posted: 15 Dec 2009
Kee H. Chung
State University of New York at Buffalo - School of Management

Abstract:

finance, inventory, risk

68.

Investment Opportunities and Market Reaction To Capital Expenditure Decisions

Journal of Banking and Finance, Vol. 22, 1998
Posted: 15 Dec 2009
Kee H. Chung, Peter Wright and Charlie Charoenwong
State University of New York at Buffalo - School of Management, University of Memphis - Fogelman College of Business and Economics and Nanyang Technological University (NTU)

Abstract:

Investment opportunities, Tobin's q, Event study, Capital expenditure

69.

Patterns of Research Output and Author Concentration in the Economics Literature Capital

Review of Economics and Statistics, Vol. 73, No. 4, 1991
Posted: 15 Dec 2009
Raymond A.K. Cox and Kee H. Chung
Thompson Rivers University and State University of New York at Buffalo - School of Management

Abstract:

academic output, bibliometrics

70.

Production of Information, Information Asymmetry, and the Bid-Ask Spread: Empirical Evidence from Analysts’ Forecasts

Journal of Banking and Finance, Vol. 19, 1995
Posted: 14 Dec 2009
State University of New York at Buffalo - School of Management, University of Memphis - Fogelman College of Business and Economics, University of Memphis - Fogelman College of Business and Economics and affiliation not provided to SSRN

Abstract:

information asymmetry, bid-ask spread, analysts' forecast

71.

Corporate Ownership and the Value of a Vote in an Emerging Market

Journal of Corporate Finance, Vol. 5, No. 1, 1999
Posted: 12 Dec 2009
Kee H. Chung and Jeong-Kuk Kim
State University of New York at Buffalo - School of Management and affiliation not provided to SSRN

Abstract:

Voting right, Shapley value, Oceanic game, Ownership structure

72.

Specialists, Limit-Order Traders, and the Components of the Bid-Ask Spread

Financial Review, Vol. 39, No. 2, May 2004
Posted: 06 Feb 2004
State University of New York at Buffalo - School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance

Abstract:

Limit-order, bid-ask spread, NYSE specialists, spread components

73.

Quantity vs. Quality: Impact on Scholarly Contribution

Central Michigan University Working Paper No. 10/17/03
Number of pages: 17 Posted: 20 Dec 2003 Last Revised: 15 Apr 2016
State University of New York at Buffalo - School of Management, Thompson Rivers University and Central Michigan University - Department of Finance and Law
Downloads 0 (243,129)

Abstract:

Articles published, Citations, Relationship between publications and citations

74.

Adverse-selection Costs and the Probability of Information-based Trading

Financial Review, Vol. 38, No. 2, May 2003
Posted: 22 Jul 2003
Kee H. Chung and Mingsheng Li
State University of New York at Buffalo - School of Management and Bowling Green State University - College of Business Administration

Abstract: