Gaiyan Zhang

University of Missouri at St. Louis - College of Business Administration

Assistant Professor of Finance

One University Blvd

St. Louis, MO 63121

United States

SCHOLARLY PAPERS

19

DOWNLOADS
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Top 8,485

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4,214

CITATIONS
Rank 4,753

SSRN RANKINGS

Top 4,753

in Total Papers Citations

110

Scholarly Papers (19)

1.

Are the U.S. Stock Market and Credit Default Swap Market Related? Evidence from the CDX Indices

Journal of Alternative Investments, Summer 2008
Number of pages: 47 Posted: 07 Jul 2008 Last Revised: 02 Nov 2009
University of Missouri at Saint Louis - College of Business Administration, Southern Illinois University Edwardsville, Seattle University and University of Missouri at St. Louis - College of Business Administration
Downloads 471 (35,143)
Citation 10

Abstract:

credit default swap (CDS) index, information efficiency, price discovery

2.

Information Effects of Bond Rating Changes: The Role of the Rating Prior to the Announcement

Journal of Fixed Income, Spring 2007
Number of pages: 28 Posted: 01 Nov 2009
Philippe Jorion and Gaiyan Zhang
University of California, Irvine - Paul Merage School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 467 (36,018)
Citation 12

Abstract:

credit rating agencies, market reaction, event study, default probability

3.

Institutional Ownership and Credit Spreads: An Information Asymmetry Perspective

Journal of Empirical Finance, Vol. 16, 2009
Number of pages: 34 Posted: 22 Mar 2007 Last Revised: 02 Nov 2009
Ashley Wang and Gaiyan Zhang
Federal Reserve Board and University of Missouri at St. Louis - College of Business Administration
Downloads 315 (71,291)
Citation 5

Abstract:

Institutional ownership, credit spreads, information asymmetry, corporate governance

4.

Do Credit Default Swaps Predict Currency Values?

Applied Financial Economics, Forthcoming
Number of pages: 44 Posted: 01 Nov 2009
Gaiyan Zhang, Jot Yau and Hung-Gay Fung
University of Missouri at St. Louis - College of Business Administration, Seattle University and University of Missouri at Saint Louis - College of Business Administration
Downloads 313 (70,304)
Citation 1

Abstract:

Credit default Swaps, foreign exchange rates, lead-lag relationship, carry trade

5.

On the Relationship between Asian Sovereign Credit Default Swap Markets and Equity Markets

Journal of Asian Business Studies, Forthcoming
Number of pages: 31 Posted: 01 Nov 2009
Kam C. Chan, Hung-Gay Fung and Gaiyan Zhang
Western Kentucky University - Department of Accounting and Finance, University of Missouri at Saint Louis - College of Business Administration and University of Missouri at St. Louis - College of Business Administration
Downloads 258 (88,162)

Abstract:

Sovereign credit default swaps, capital structure arbitrage, price discovery, feedback effect

6.

Good and Bad Credit Contagion: Evidence from Credit Default Swaps

Journal of Financial Economics, Vol. 84, 2007
Number of pages: 39 Posted: 01 Nov 2009
Philippe Jorion and Gaiyan Zhang
University of California, Irvine - Paul Merage School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 250 (77,263)
Citation 67

Abstract:

credit default swaps, bankruptcy, contagion, market reaction, event study

7.
Downloads 244 ( 98,564)
Citation 8

Financial Firm Bankruptcy and Contagion

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 66 Posted: 26 Aug 2012 Last Revised: 19 Jun 2013
Jean Helwege and Gaiyan Zhang
UC Riverside and University of Missouri at St. Louis - College of Business Administration
Downloads 140 (165,162)
Citation 8

Abstract:

Banks, counterparty contagion, information contagion, bankruptcy

Financial Firm Bankruptcy and Contagion

Number of pages: 54 Posted: 15 Mar 2012 Last Revised: 01 Aug 2012
Jean Helwege and Gaiyan Zhang
UC Riverside and University of Missouri at St. Louis - College of Business Administration
Downloads 104 (207,451)
Citation 8

Abstract:

Banks, counterparty contagion, information contagion, bankruptcy

8.

On the Imbalances between the Real Estate Market and Stock Markets in China

Chinese Economy, Vol. 2, 2006
Number of pages: 22 Posted: 01 Nov 2009
Gaiyan Zhang and Hung-Gay Fung
University of Missouri at St. Louis - College of Business Administration and University of Missouri at Saint Louis - College of Business Administration
Downloads 209 (98,971)
Citation 3

Abstract:

China, Real estate market, stock market, granger-causality, financial development

9.

Market Impediments, Trade, and Foreign Direct Investment: Evidence from China's Round-Tripping

Number of pages: 43 Posted: 20 Mar 2007
Hung-Gay Fung, Jot Yau and Gaiyan Zhang
University of Missouri at Saint Louis - College of Business Administration, Seattle University and University of Missouri at St. Louis - College of Business Administration
Downloads 188 (121,275)

Abstract:

Trade flows, foreign direct investment, round-tripping, regulatory arbitrage

10.

Informational Efficiency of Credit Default Swap and Stock Markets: The Impact of Adverse Credit Events

International Review of Accounting, Banking and Finance, Vol. 1, 2009
Number of pages: 22 Posted: 01 Nov 2009
Gaiyan Zhang
University of Missouri at St. Louis - College of Business Administration
Downloads 184 (109,469)
Citation 1

Abstract:

Credit default swap, information efficiency, adverse credit events

11.

Institutional Investor Preferences for Analyst Forecast Accuracy: Does Investment Strategy Matter?

CAAA Annual Conference 2011
Number of pages: 43 Posted: 17 Jan 2011
University of Cincinnati, University of Missouri at Saint Louis, University of Missouri at St. Louis - College of Business Administration and Federal Reserve Board
Downloads 175 (118,471)
Citation 1

Abstract:

The Determinants of Global Bank Credit-Default-Swap Spreads

Bank of Finland Research Discussion Paper No. 33/2014
Number of pages: 45 Posted: 08 Jan 2015
Iftekhar Hasan, Liuling Liu and Gaiyan Zhang
Gabelli School of Business, Fordham University, Bowling Green State University - College of Business Administration and University of Missouri at St. Louis - College of Business Administration
Downloads 98 (216,258)

Abstract:

bank credit default swaps, structural models, CAMELS, global banks

The Determinants of Global Bank Credit-Default-Swap Spreads

Bank of Finland Research Discussion Paper No. 33/2014, Gabelli School of Business, Fordham University Research Paper No. 2770433
Number of pages: 45 Posted: 26 Apr 2016
Iftekhar Hasan, Liuling Liu and Gaiyan Zhang
Gabelli School of Business, Fordham University, Bowling Green State University - College of Business Administration and University of Missouri at St. Louis - College of Business Administration
Downloads 60 (290,555)

Abstract:

Information Transfer Effects of Bond Rating Downgrades

Financial Review, Forthcoming
Number of pages: 32 Posted: 31 Oct 2009
Philippe Jorion and Gaiyan Zhang
University of California, Irvine - Paul Merage School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 96 (219,406)
Citation 2

Abstract:

bond rating downgrades, industry information transfer, contagion effects, competition effects

Information Transfer Effects of Bond Rating Downgrades

Financial Review, Vol. 45, Issue 3, pp. 683-706, August 2010
Number of pages: 24 Posted: 13 Jul 2010
Philippe Jorion and Gaiyan Zhang
University of California, Irvine - Paul Merage School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 3 (533,667)
Citation 2

Abstract:

14.

Lock-In Effects in Relationship Lending: Evidence from Dip Loans

Number of pages: 33 Posted: 15 Mar 2011 Last Revised: 14 Nov 2012
Gabelli School of Business, Fordham University, Kennesaw State University - Michael J. Coles College of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 76 (230,642)

Abstract:

relationship lending, DIP financing, bank loans, lock-in effects, debtor-in-possession, financial intermediaries, lending practices

15.

Return Predictability in Corporate Bond Market Along the Supply Chain

Journal of Financial Markets, June 2016, Vol 29, 66-86
Number of pages: 52 Posted: 21 Apr 2014 Last Revised: 04 Jan 2017
Long Chen, Gaiyan Zhang and Weina Zhang
Cheung Kong Graduate School of Business, University of Missouri at St. Louis - College of Business Administration and Department of Finance, National University of Singapore
Downloads 67 (174,637)

Abstract:

Corporate Bonds; Cash Flow; Credit Rating; Credit Risk; Earnings; Information; Supply Chain; Return Predictability

16.

A Model of Price, Volume and Sequential Information

International Journal of Business and Economics, Vol. 6, 2007
Number of pages: 30 Posted: 01 Nov 2009
Gaiyan Zhang
University of Missouri at St. Louis - College of Business Administration
Downloads 61 (277,456)

Abstract:

Price, Volume, Sequential Information, Trading Strategy, Event Study

17.

Information Efficiency of the U.S. Credit Default Swap Market: Evidence from Earnings Surprises

Journal of Financial Stability, Forthcoming
Number of pages: 44 Posted: 28 Jan 2009 Last Revised: 24 Jun 2013
Gaiyan Zhang and Sanjian Bill Zhang
University of Missouri at St. Louis - College of Business Administration and California State University Long Beach
Downloads 59 (268,548)
Citation 1

Abstract:

Earnings surprise, cost of debt, credit derivative

18.

Bank Capital, Interbank Contagion, and Bailout Policy

Journal of Banking and Finance, Forthcoming
Number of pages: 47 Posted: 17 Apr 2013
Suhua Tian, Yunhong Yang and Gaiyan Zhang
Fudan University - School of Economics, Peking University - Guanghua School of Management and University of Missouri at St. Louis - College of Business Administration
Downloads 46 (307,032)

Abstract:

interbank linkages, optimal capital holding, contagion, bailout policy, regulatory capital requirement, takeover, liquidation

19.

CDS Pricing and Accounting Disclosures: Evidence from U.S. Bank Holding Corporations Around the Recent Financial Crisis

Journal of Financial Stability, Forthcoming
Number of pages: 47 Posted: 01 Feb 2016
York University - Schulich School of Business, University of Missouri at St. Louis - College of Business Administration and California State University Long Beach
Downloads 0 (291,574)

Abstract:

Credit default swaps; CAMELS; Credit crisis; Risk pricing; Accounting disclosures