Lu Zheng

University of California, Irvine - Paul Merage School of Business

Paul Merage School of Business

Irvine, CA California 92697-3125

United States

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 1,347

SSRN RANKINGS

Top 1,347

in Total Papers Downloads

25,371

SSRN CITATIONS
Rank 853

SSRN RANKINGS

Top 853

in Total Papers Citations

517

CROSSREF CITATIONS

777

Scholarly Papers (31)

1.
Downloads 4,010 ( 2,880)
Citation 170

Unobserved Actions of Mutual Funds

Review of Financial Studies, Forthcoming, Sixteenth Annual Utah Winter Finance Conference, EFA 2005 Moscow Meetings Paper, Sauder School of Business Working Paper
Number of pages: 58 Posted: 28 Feb 2005
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 3,931 (2,930)
Citation 6

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Mutual Funds, Performance Evaluation, Trading Strategies

Unobserved Actions of Mutual Funds

NBER Working Paper No. w11766
Number of pages: 49 Posted: 08 Feb 2006 Last Revised: 25 Feb 2021
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 79 (368,990)
Citation 48

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Unobserved Actions of Mutual Funds

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2379-2416, 2008
Posted: 15 Dec 2008
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business

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G11, G23

2.

Are Investors Moonstruck? - Lunar Phases and Stock Returns

Number of pages: 44 Posted: 18 Sep 2001
Lu Zheng, Kathy Yuan and Qiaoqiao Zhu
University of California, Irvine - Paul Merage School of Business, London School of Economics & Political Science (LSE) - Department of Finance and Australian National University (ANU) - College of Business and Economics
Downloads 3,309 (3,992)
Citation 38

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Behavioral Finance, Mood, Lunar Effect, Stock Return, Market Efficiency

On the Industry Concentration of Actively Managed Equity Mutual Funds

AFA 2005 Philadelphia Meetings, Journal of Finance, Forthcoming, Sauder School of Business Working Paper
Number of pages: 50 Posted: 10 Feb 2003
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 2,652 (5,712)
Citation 2

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On the Industry Concentration of Actively Managed Equity Mutual Funds

NBER Working Paper No. w10770
Number of pages: 49 Posted: 30 Sep 2004
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 56 (444,125)
Citation 44

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4.

Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows

Number of pages: 36 Posted: 03 May 2004
University of California, Davis, University of California, Berkeley - Haas School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 1,966 (9,533)
Citation 152

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mutual funds, investor behavior, operating expenses

5.

Institutional Trading and Stock Returns

EFMA 2001 Lugano Meetings, EFA 2001 Barcelona Meetings
Number of pages: 19 Posted: 15 Jan 2001
Fang Cai and Lu Zheng
Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 1,451 (15,442)
Citation 19

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Institutional Trading, Stock Returns, Stock Price

6.

Who Moves the Market? A Study of Stock Prices and Investment Cashflows

AFA 2003 Washington, DC Meetings
Number of pages: 36 Posted: 21 Nov 2002
Brian H. Boyer and Lu Zheng
Brigham Young University - J. Willard and Alice S. Marriott School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 1,148 (22,037)
Citation 14

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7.

The Road Less Traveled: Strategy Distinctiveness and Hedge Fund Performance

AFA 2010 Atlanta Meetings Paper
Number of pages: 68 Posted: 04 Feb 2009 Last Revised: 09 Apr 2011
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 1,086 (23,895)
Citation 47

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Strategy Distinctiveness, Hedge Fund

8.

The Frequency of Mutual Fund Portfolio Disclosure

Number of pages: 37 Posted: 21 Jun 2004
Weili Ge and Lu Zheng
University of Washington - Michael G. Foster School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 1,029 (25,919)
Citation 29

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Mutual fund; Portfolio disclosure; Fund performance; Fund cash flow; Agency cost; Information

9.

Is Money Smart? - an Investigation of Mutual Fund Investor's Fund Selection Ability

Number of pages: 33 Posted: 05 Nov 1996
Lu Zheng
University of California, Irvine - Paul Merage School of Business
Downloads 864 (33,178)
Citation 34

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Mutual Fund, Flow, Investment Ability, Performance

10.

The Good or the Bad? Which Mutual Fund Managers Join Hedge Funds?

Review for Financial Studies, Forthcoming, AFA 2010 Atlanta Meetings Paper
Number of pages: 22 Posted: 22 Mar 2009 Last Revised: 29 Jun 2011
Indian School of Business, University of Illinois at Urbana-Champaign - Department of Finance, University of Oregon - Charles H. Lundquist School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 836 (34,700)
Citation 3

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Mutual Funds, Hedge Funds, Managerial Turnover

11.

Family Values and the Star Phenomenon

AFA 2003 Washington, DC Meetings
Number of pages: 43 Posted: 26 Dec 2000
University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics, University of Oregon - Charles H. Lundquist School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 815 (35,900)
Citation 8

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Mutual Funds, Performance Evaluation, Cash Flow, Fund Complex, Fund Family, Investment

The Abcs of Mutual Funds: On the Introduction of Multiple Share Classes

EFA 2005 Moscow Meetings Paper
Number of pages: 40 Posted: 04 Mar 2005
University of Oregon - Charles H. Lundquist School of Business, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics and University of California, Irvine - Paul Merage School of Business
Downloads 620 (51,259)
Citation 4

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mutual fund, share class, performance, flow, expense

The ABCs of Mutual Funds: On the Introduction of Multiple Share Classes

Journal of Financial Intermediation, Vol. 18, No. 3, July 2009
Number of pages: 67 Posted: 06 Dec 2009
University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics, University of Oregon - Charles H. Lundquist School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 169 (211,922)
Citation 10

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Mutual Funds, Multiple Share Classes, Fund Flows, Investor Clienteles

13.

The Abcs of Mutual Funds: A Natural Experiment on Fund Flows and Performance

AFA 2005 Philadelphia Meetings
Number of pages: 41 Posted: 29 Feb 2004
University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics, University of Oregon - Charles H. Lundquist School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 784 (37,894)
Citation 8

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Only Winners in Tough Times Repeat: Hedge Fund Performance Persistence over Different Market Conditions

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 47 Posted: 13 Apr 2013 Last Revised: 04 Oct 2018
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 620 (51,259)
Citation 1

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Hedge funds, Conditional performance, Performance persistence

Only Winners in Tough Times Repeat: Hedge Fund Performance Persistence Over Different Market Conditions

FEDS Working Paper No. 2016-030
Number of pages: 42 Posted: 20 Apr 2016
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 146 (239,745)

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Conditional performance, Hedge funds, Performance Persistence

15.

Tax-Loss Selling and the January Effect: Evidence from Municipal Bond Closed-End Funds

AFA 2005 Philadelphia Meetings
Number of pages: 40 Posted: 22 Jun 2004
Laura T. Starks, Li Yong and Lu Zheng
University of Texas at Austin - Department of Finance, The University of Texas at Arlington and University of California, Irvine - Paul Merage School of Business
Downloads 651 (48,687)
Citation 8

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January effect, tax-loss-selling

16.

Active Fundamental Performance

Review of Financial Studies Forthcoming
Number of pages: 56 Posted: 14 Aug 2013 Last Revised: 04 Oct 2018
Hao Jiang and Lu Zheng
Michigan State University and University of California, Irvine - Paul Merage School of Business
Downloads 502 (67,597)
Citation 7

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Mutual Funds, Performance Evaluation, Skill, Earnings Announcement

Home Bias and Local Contagion: Evidence from Funds of Hedge Funds

AFA 2013 San Diego Meetings Paper
Number of pages: 60 Posted: 17 Mar 2012 Last Revised: 12 Aug 2019
Clemens Sialm, Zheng Sun and Lu Zheng
University of Texas at Austin - McCombs School of Business, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 474 (71,897)
Citation 10

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Hedge Funds, Funds of Funds, Home Bias, Informational Advantage, Contagion, Comovement

Home Bias and Local Contagion: Evidence from Funds of Hedge Funds

NBER Working Paper No. w19570
Number of pages: 60 Posted: 25 Oct 2013
Clemens Sialm, Zheng Sun and Lu Zheng
University of Texas at Austin - McCombs School of Business, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 18 (651,361)

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18.

Aggregate Hedge Fund Flows and Asset Returns

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 37 Posted: 20 Aug 2008 Last Revised: 16 Sep 2009
Ashley Wang and Lu Zheng
Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 456 (76,148)
Citation 2

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Hedge Fund Flow, Hedge Fund Performance

19.

Does Media Coverage of Stocks Affect Mutual Funds’ Trading and Performance?

Forthcoming in Review of Financial Studies
Number of pages: 42 Posted: 18 Mar 2010 Last Revised: 25 Sep 2014
Lily H. Fang, Joel Peress and Lu Zheng
INSEAD - Finance, INSEAD - Finance and University of California, Irvine - Paul Merage School of Business
Downloads 389 (91,622)
Citation 20

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mutual fund, performance, stock, media coverage, limited attention, investor behavior

20.

Investor Flows and Stock Market Returns

Journal of Empirical Finance, Vol. 16, No. 1, pp. 87-100, 2011
Number of pages: 35 Posted: 13 May 2011
Brian H. Boyer and Lu Zheng
Brigham Young University - J. Willard and Alice S. Marriott School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 250 (147,592)
Citation 3

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stock market, stock price, investor flow, mutual fund, pension fund, foreign investors

21.

When the Start Matters: Investor Sentiment and Hedge Fund Inceptions

Number of pages: 80 Posted: 24 Aug 2018 Last Revised: 24 Sep 2020
Lin Sun, Zheng Sun and Lu Zheng
George Mason University - Department of Finance, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 238 (154,810)
Citation 1

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Hedge fund, investor sentiment, inception, performance, money flow, delegated portfolio management

Side-by-Side Management of Hedge Funds and Mutual Funds

Number of pages: 58 Posted: 04 Dec 2009 Last Revised: 08 Dec 2009
Tom Nohel, Zhi Jay Wang and Lu Zheng
Loyola University of Chicago, University of Oregon - Charles H. Lundquist School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 93 (333,286)
Citation 14

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Hedge Funds, Mutual Funds, Conflicts of Interest

Side-by-Side Management of Hedge Funds and Mutual Funds

The Review of Financial Studies, Vol. 23, Issue 6, pp. 2342-2373, 2010
Posted: 17 May 2010
Tom Nohel, Z. Jay Wang and Lu Zheng
Loyola University of Chicago, University of Oregon and University of California, Irvine - Paul Merage School of Business

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G1, G2, G3, G23, G34

Tracking Biased Weights: Asset Pricing Implications of Value-Weighted Indexing

Number of pages: 58 Posted: 20 Jan 2021
Hao Jiang, Dimitri Vayanos and Lu Zheng
Michigan State University, London School of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 150 (234,475)

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Market efficiency, mutual funds, indexing, limits of arbitrage

Tracking Biased Weights: Asset Pricing Implications of Value-Weighted Indexing

CEPR Discussion Paper No. DP15563
Number of pages: 61 Posted: 23 Dec 2020
Hao Jiang, Dimitri Vayanos and Lu Zheng
Michigan State University, London School of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 11 (706,874)
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Tracking Biased Weights: Asset Pricing Implications of Value-Weighted Indexing

NBER Working Paper No. w28253
Number of pages: 59 Posted: 14 Mar 2021
Hao Jiang, Dimitri Vayanos and Lu Zheng
Michigan State University, London School of Economics and University of California, Irvine - Paul Merage School of Business
Downloads 3 (774,575)
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24.

Family Values and the Star Phenomenon: Strategies of Mutual Fund Families

Number of pages: 46 Posted: 10 Aug 2011
University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics, University of Oregon - Charles H. Lundquist School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 152 (231,451)
Citation 22

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Mutual Fund Families, Fund Flows, Performance

25.

Do Mutual Funds Walk the Talk? A Textual Analysis of Risk Disclosure by Mutual Funds

Number of pages: 44 Posted: 22 Mar 2021
Jinfei Sheng, Nan Xu and Lu Zheng
University of California, Irvine - Paul Merage School of Business, University of California, Irvine and University of California, Irvine - Paul Merage School of Business
Downloads 135 (256,232)

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Mutual funds, risk, disclosure, textual analysis, information, prospectus, performance, flow

26.

Information Transfer in the Common Shareholder Relationship: Does Shared Ownership Affect Fund Investments?

Number of pages: 37 Posted: 05 Apr 2014
Shu Lin, Shu Tian and Lu Zheng
Nanjing University - School of Business, Department of Accounting, Asian Development Bank and University of California, Irvine - Paul Merage School of Business
Downloads 78 (367,832)

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mutual funds, information advantage, stock returns, portfolio decisions

27.

Beware of Chasing Yield: Bond Fund Yield, Flows and Performance

Number of pages: 42 Posted: 15 Mar 2021
Hao Jiang, Lily Li and Lu Zheng
Michigan State University, Temple University - Department of Finance and University of California, Irvine - Paul Merage School of Business
Downloads 75 (381,835)

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Bond Fund, SEC Yield, Distribution Yield, Flows, Performance

28.

Religious Belief and Socially Responsible Investing

Number of pages: 55 Posted: 02 Oct 2019
John Bae, Zheng Sun and Lu Zheng
Elon University - Love School of Business, University of California, Irvine - Paul Merage School of Business and University of California, Irvine - Paul Merage School of Business
Downloads 68 (396,831)
Citation 1

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Religiosity, Corporate Social Responsibility, Fund CSR Preference

29.

Information Transfer in the Common Shareholder Relationship: Mutual Fund Company and Its Invested Firms

Number of pages: 39 Posted: 01 Feb 2017
Shu Lin, Grace Tian and Lu Zheng
Nanjing University - School of Business, Department of Accounting, Asian Development Bank and University of California, Irvine - Paul Merage School of Business
Downloads 67 (399,992)

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mutual funds, information advantage, stock returns, portfolio decisions

30.

Industry Concentration and Mutual Fund Performance

Journal of Investment Management, Vol. 5, No. 1, First Quarter 2007
Posted: 28 Mar 2007
Imperial College London - Accounting, Finance, and Macroeconomics, University of Texas at Austin - McCombs School of Business and University of California, Irvine - Paul Merage School of Business

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Industry concentration, mutual fund performance, active portfolio management

31.

Who Moves the Market? - a Study of Stock Prices and Investment Cashflows

Posted: 16 Jul 1999
Lu Zheng
University of California, Irvine - Paul Merage School of Business

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