Zhaodong Zhong

Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

Associate Professor of Finance

Department of Finance, Rutgers Business School

100 Rockafeller Road

Piscataway, NJ 08854

United States

SCHOLARLY PAPERS

24

DOWNLOADS
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SSRN RANKINGS

Top 6,622

in Total Papers Downloads

7,197

SSRN CITATIONS
Rank 11,003

SSRN RANKINGS

Top 11,003

in Total Papers Citations

72

CROSSREF CITATIONS

28

Scholarly Papers (24)

1.

Why Does Hedge Fund Alpha Decrease Over Time? Evidence from Individual Hedge Funds

Number of pages: 53 Posted: 25 Mar 2008
Zhaodong Zhong
Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 1,412 (14,284)
Citation 11

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hedge funds, performance, alpha, flows, capacity constraints, counter-factual analysis

2.

The Information Content of Option-Implied Volatility for Credit Default Swap Valuation

FDIC Center for Financial Research, Working Paper No. 2007-08
Number of pages: 38 Posted: 11 Mar 2006 Last Revised: 15 Nov 2012
Charles Cao, Zhaodong Zhong and Fan Yu
Pennsylvania State University, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 1,274 (16,699)
Citation 26

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Credit default swap spread, option-implied volatility, volatility risk premium, informed trading

3.

The Impact of Central Clearing on Counterparty Risk, Liquidity, and Trading: Evidence from the Credit Default Swap Market

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 57 Posted: 15 Nov 2012 Last Revised: 13 Nov 2013
Yee Cheng Loon and Zhaodong Zhong
Securities and Exchange Commission (SEC) and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 782 (33,957)
Citation 32

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Central Clearing, Counterparty Risk, Systemic Risk, Liquidity, Credit Default Swap

4.

Does Dodd-Frank Affect OTC Transaction Costs and Liquidity? Evidence from Real-Time CDS Trade Reports

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 62 Posted: 31 May 2014 Last Revised: 24 Sep 2015
Yee Cheng Loon and Zhaodong Zhong
Securities and Exchange Commission (SEC) and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 770 (34,675)
Citation 13

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Dodd-Frank Act, Over-the-Counter Markets, Liquidity, Real-Time Trade Reporting, Credit Default Swaps

5.

Investing in Chapter 11 Stocks: Trading, Value, and Performance

EFA 2009 Bergen Meetings Paper
Number of pages: 48 Posted: 17 Feb 2009 Last Revised: 21 Apr 2014
Zhaodong Zhong and Lily Li
Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and Temple University - Department of Finance
Downloads 658 (42,925)
Citation 1

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bankruptcy, option pricing, heterogeneous beliefs, limits to arbitrage

6.

Assessing Models of Individual Equity Option Prices

Number of pages: 34 Posted: 11 Apr 2012
Gurdip Bakshi, Charles Cao and Zhaodong Zhong
Fox School of Business, Pennsylvania State University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 365 (88,981)
Citation 6

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individual equity option-models, risk-neutral kurtosis, return-jumps, volatility-jumps, stochastic volatility, option-implied return distributions

7.

Funding Liquidity Shocks in a Quasi-Experiment: Evidence from the CDS Big Bang

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 45 Posted: 12 Feb 2016 Last Revised: 11 May 2020
Xinjie Wang, Yangru Wu, Hongjun Yan and Zhaodong Zhong
Southern University of Science and Technology, Rutgers University, Newark - School of Business - Department of Finance & Economics, DePaul University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 344 (95,187)
Citation 3

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funding liquidity, arbitrage, basis, CDS Big Bang, standardization, central clearing

Time Variation in Diversification Benefits of Commodity, REITs, and TIPS

Number of pages: 58 Posted: 17 Mar 2006 Last Revised: 24 Mar 2011
Jing-Zhi Huang and Zhaodong Zhong
Pennsylvania State University - University Park - Department of Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 293 (112,855)
Citation 11

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Diversification, Commodity, REITs, TIPS, DCC

Time Variation in Diversification Benefits of Commodity, REITs, and TIPS

Journal of Real Estate Finance and Economics, Vol. 46, No. 1, 2013, Forthcoming
Posted: 21 Dec 2012
Jing-Zhi Huang and Zhaodong Zhong
Pennsylvania State University - University Park - Department of Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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diversification, commodity, REITs, TIPS, DCC

9.

Do Hedge Funds Possess Private Information about IPO Stocks? Evidence from Post-IPO Holdings

Forthcoming, Review of Asset Pricing Studies
Number of pages: 73 Posted: 19 Jun 2014 Last Revised: 31 Aug 2017
Hong Qian and Zhaodong Zhong
Oakland University - Department of Accounting and Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 239 (140,085)
Citation 3

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Initial Public Offerings, Hedge Funds, Private Information, Underwriters, Prime Brokers

10.

Seasoned Equity Issuers’ R&D Investments: Signaling or Over-Optimism

Number of pages: 49 Posted: 23 Jun 2014 Last Revised: 22 Oct 2014
Hong Qian, Ke Zhong and Zhaodong Zhong
Oakland University - Department of Accounting and Finance, Central Washington University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 235 (142,415)

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Seasoned Equity Offerings, Research and Development, Information Asymmetry, Signaling, Over-optimism

11.

Are College Education and Job Experience Complements or Substitutes? Evidence from Hedge Fund Portfolio Performance

28th Australasian Finance and Banking Conference
Number of pages: 52 Posted: 18 Aug 2015
Byoung Uk Kang, Jin-Mo Kim, Oded Palmon and Zhaodong Zhong
The Hong Kong Polytechnic University - School of Accounting and Finance, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick, Rutgers Business School and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 170 (191,876)

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Education and Productivity, Education Area, Work Experience, Complementarity, Hedge Fund Performance

12.

Economic Policy Uncertainty, CDS Spreads, and CDS Liquidity Provision

Journal of Futures Markets, Forthcoming
Number of pages: 45 Posted: 26 Sep 2017 Last Revised: 08 Jul 2020
Xinjie Wang, Weike Xu and Zhaodong Zhong
Southern University of Science and Technology, Clemson University - Department of Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 124 (247,706)
Citation 2

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Policy uncertainty, Credit default swap, Liquidity provision, Market depth

13.

Post-Crisis Regulations, Market Making, and Liquidity in Over-the-Counter Markets

Number of pages: 38 Posted: 19 Jan 2019 Last Revised: 09 Apr 2020
Xinjie Wang and Zhaodong Zhong
Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 97 (294,315)

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Regulation, Basel III, capital requirement, liquidity, order rejection rate, price impact

14.

Corporate Social Responsibility and the Term Structure of CDS Spreads

Number of pages: 55 Posted: 18 Apr 2019 Last Revised: 16 Jul 2020
Feng Gao, Yubin Li, Xinjie Wang and Zhaodong Zhong
Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick, Harbin Institute of Technology, Shenzhen, Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 86 (317,641)
Citation 1

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corporate social responsibility (CSR), credit default swap (CDS), term structure

15.

Credit Default Swaps and Analyst Optimism

Number of pages: 42 Posted: 07 May 2019
Suresh Govindaraj, Yubin Li, Chen Zhao and Zhaodong Zhong
Rutgers University - Rutgers Business School - Newark and New Brunswick, Harbin Institute of Technology, Shenzhen, Rutgers University - Rutgers Business School - Newark and New Brunswick and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 73 (349,706)

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credit default swaps, analyst forecast, optimism

16.

Price Discrimination Against Retail Investors: Evidence from Mini Options

Number of pages: 55 Posted: 04 Jan 2018 Last Revised: 24 Apr 2020
Yubin Li, Chen Zhao and Zhaodong Zhong
Harbin Institute of Technology, Shenzhen, Rutgers University - Rutgers Business School - Newark and New Brunswick and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 51 (418,008)

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options, retail investors, liquidity, price discrimination, earnings announcements

17.

Does the FOMC Cycle Affect Credit Risk?

Number of pages: 42 Posted: 05 Feb 2020
Difang Huang, Yubin Li, Xinjie Wang and Zhaodong Zhong
Monash University, Harbin Institute of Technology, Shenzhen, Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 49 (425,253)

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FOMC, credit default swap, cycle, Fed, monetary policy

18.

The Roles of Institutional Investors in the Failure of Newly Public Stocks

Number of pages: 56 Posted: 12 Mar 2019
Hong Qian, Santhosh Ramalingegowda and Zhaodong Zhong
Oakland University - Department of Accounting and Finance, University of Georgia - Terry College of Business and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 49 (425,253)

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Newly Public Stocks, Institutional Investors, Monitoring, Investor Sentiment

19.

Dealer Inventory, Pricing, and Liquidity in the OTC Derivatives Markets: Evidence from Index CDSs

Number of pages: 38 Posted: 21 Dec 2018 Last Revised: 05 Jan 2020
Xinjie Wang and Zhaodong Zhong
Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 44 (444,336)

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Inventory, CDS Spread, Liquidity, Index CDS, Dealer, Index Basis, Bid-Ask Spread

20.

Public News and Market Liquidity: Evidence from the CDS Market

Number of pages: 41 Posted: 30 Dec 2019
Department of Economics, University of Reading, Southern University of Science and Technology, Southern University of Science and Technology, International Monetary Fund and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 37 (473,919)

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credit default swap, liquidity, news coverage, news sentiment, institutional investors

21.

The Co-Movements of Stock, Bond, and CDS Illiquidity Before, During and After the Global Financial Crisis

Number of pages: 50 Posted: 28 Dec 2018 Last Revised: 18 Sep 2019
Xinjie Wang, Yangru Wu and Zhaodong Zhong
Southern University of Science and Technology, Rutgers University, Newark - School of Business - Department of Finance & Economics and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 33 (492,447)

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22.

Temporal Effects in Index CDS Trading and Liquidity

Number of pages: 40 Posted: 16 Jun 2020
Weike Xu, Xinjie Wang and Zhaodong Zhong
Clemson University - Department of Finance, Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 12 (619,532)

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index CDSs, intraday pattern, interday pattern, trading cost, liquidity

23.

Biases in CDS Spreads after the CDS Big Bang

Journal of Fixed Income, Forthcoming
Posted: 05 Feb 2020 Last Revised: 27 Feb 2020
Xinjie Wang, Hongjun Yan and Zhaodong Zhong
Southern University of Science and Technology, DePaul University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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ISDA standard CDS model, CDS spread, bias, upfront payment, fixed coupon, term structure

24.

Pricing Credit Default Swaps with Option-Implied Volatility

Financial Analysts Journal, Vol. 67, No. 4, 2011
Posted: 09 Aug 2011 Last Revised: 11 Sep 2011
Charles Cao, Fan Yu and Zhaodong Zhong
Pennsylvania State University, Claremont McKenna College - Robert Day School of Economics and Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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Derivatives, Credit Derivatives Markets and Instruments, Modeling and Pricing Credit Derivatives, Options Markets and Instruments, Volatility Issues