Xing (Alex) Zhou

Southern Methodist University (SMU) - Finance Department

United States

  • Southern Methodist University (SMU) - Finance Department

SCHOLARLY PAPERS

24

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11,343

SSRN CITATIONS
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SSRN RANKINGS

Top 2,563

in Total Papers Citations

525

CROSSREF CITATIONS

106

Scholarly Papers (24)

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1.

Anatomy of a Liquidity Crisis: Corporate Bonds in the COVID-19 Crisis

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 62 Posted: 31 May 2020 Last Revised: 30 Sep 2020
Maureen O'Hara and Xing (Alex) Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 1,720 (17,291)
Citation 25

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Corporate bonds, liquidity crisis, COVID-19, PDCF, SMCCF, electronic trading, customer-to-customer, market maker of last resort.

2.

The Volcker Rule and Market-Making in Times of Stress

Downloads 1,387 (23,972)
Citation 152

The Volcker Rule and Market-Making in Times of Stress

Journal of Financial Economics (JFE), Forthcoming, Fourth Annual Conference on Financial Market Regulation
Number of pages: 50 Posted: 11 Sep 2016 Last Revised: 26 Jan 2018
Jack Bao, Maureen O'Hara and Xing (Alex) Zhou
University of Delaware - Department of Finance, Cornell University - Samuel Curtis Johnson Graduate School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 1,018 (36,886)
Citation 17

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Volcker Rule, Corporate Bond Illiquidity, Regulation, Capital Commitment, Dealer Inventory, Market-Making, Financial Crisis

The Volcker Rule and Market-Making in Times of Stress

FEDS Working Paper No. 2016-102
Number of pages: 46 Posted: 28 Dec 2016
Jack Bao, Maureen O'Hara and Xing (Alex) Zhou
University of Delaware - Department of Finance, Cornell University - Samuel Curtis Johnson Graduate School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 369 (134,886)
Citation 125

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Volcker Rule, Corporate Bond Illiquidity, Regulation, Capital Commitment, Dealer Inventory, Market-Making, Financial Crisis

3.

Liquidity Restrictions, Runs, and Central Bank Interventions: Evidence from Money Market Funds

Number of pages: 54 Posted: 26 May 2020 Last Revised: 18 Jun 2021
Lei Li, Yi Li, Marco Macchiavelli and Xing (Alex) Zhou
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Isenberg School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 1,084 (34,275)
Citation 5

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runs, money market funds, redemption gates and liquidity fees, strategic complementarities, COVID-19, MMLF

4.

Where Did All the Information Go? Trade in the Corporate Bond Market

Second Singapore International Conference on Finance 2008, EFA 2008 Athens Meetings Paper
Number of pages: 44 Posted: 23 Jan 2014 Last Revised: 28 May 2016
Tavy Ronen and Xing (Alex) Zhou
Rutgers Business School -Newark and New Brunswick, Department of Finance & Economics and Southern Methodist University (SMU) - Finance Department
Downloads 1,079 (34,490)
Citation 6

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Fixed Income, Credit Markets, Corporate Bond Prices, Informational Efficiency, Bond Market Liquidity, Institutional/Retail Investors

5.

Mutual Fund Fragility, Dealer Liquidity Provisions, and the Pricing of Municipal Bonds

Number of pages: 55 Posted: 13 Nov 2020 Last Revised: 27 Feb 2023
Yi Li, Maureen O'Hara and Xing (Alex) Zhou
Board of Governors of the Federal Reserve System, Cornell University - Samuel Curtis Johnson Graduate School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 701 (62,446)
Citation 7

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Municipal Bonds, Mutual Fund Fragility, Dealer, Liquidity, Pricing, COVID-19

6.

The Execution Quality of Corporate Bonds

Journal of Financial Economics (JFE), Vol. 130, No. 2, 2018
Number of pages: 53 Posted: 27 Oct 2015 Last Revised: 03 Jul 2023
Maureen O'Hara, Yihui Wang and Xing (Alex) Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management, Fordham University and Southern Methodist University (SMU) - Finance Department
Downloads 691 (63,577)
Citation 8

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Best execution, Corporate bonds, Market Microstructure, Dealer market, Trading Network, Transparency

7.

Funding Liquidity and Market Liquidity: The Broker-Dealer Perspective

Number of pages: 47 Posted: 10 Jan 2019 Last Revised: 07 Nov 2019
Marco Macchiavelli and Xing (Alex) Zhou
Isenberg School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 627 (71,982)
Citation 4

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funding liquidity, market liquidity, repos, broker-dealers, corporate bonds

8.

Informed Trading around Acquisitions: Evidence from Corporate Bonds

Number of pages: 40 Posted: 05 Feb 2009 Last Revised: 21 Mar 2011
Simi Kedia and Xing (Alex) Zhou
Rutgers Business School and Southern Methodist University (SMU) - Finance Department
Downloads 495 (96,481)
Citation 11

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Conflict of Interest, Investment Banking, Mergers and Acquisition, Insider Trading, Corporate Bonds

9.

Large Shareholders and Credit Ratings

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 28 May 2016
Simi Kedia, Shivaram Rajgopal and Xing (Alex) Zhou
Rutgers Business School, Columbia University - Columbia Business School, Accounting, Business Law & Taxation and Southern Methodist University (SMU) - Finance Department
Downloads 389 (128,062)
Citation 6

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Moody's; S&P; credit rating agencies; ownership structure; conflict of interest; difference-in-difference; corporate bond; CMBS

10.

Bond Market Illiquidity: Is Portfolio Trading the Solution?

Downloads 201 (137,605)

Bond Market Illiquidity: Is Portfolio Trading the Solution?

This paper subsumes Li (2022) "Frictional Intermediation, Inventory Hedging, and the Rise of Portfolio Trading in the Corporate Bond Market" (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4053987), SMU Cox School of Business Research Paper No. 23-09
Number of pages: 60 Posted: 03 Jul 2023
Jessica S. Li, Maureen O'Hara, Andreas C. Rapp and Xing (Alex) Zhou
University of Chicago - Booth School of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management, Board of Governors of the Federal Reserve System and Southern Methodist University (SMU) - Finance Department
Downloads 201 (251,869)

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Bond Portfolio Trading, Liquidity, Corporate Bonds, Corporate Bond Dealers, Financial Innovation

11.

The Electronic Evolution of Corporate Bond Dealers

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 04 Jun 2020
Maureen O'Hara and Xing (Alex) Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 360 (139,739)
Citation 25

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Electronic trading, Voice trading, RFQ, Corporate bond markets, Bond dealers, Transaction costs, Execution quality, Inter-dealer trade, Rating downgrade

12.

Credit Default Swaps and Bank Regulatory Capital

Review of Finance, forthcoming
Number of pages: 50 Posted: 09 Jun 2014 Last Revised: 14 Jul 2020
Chenyu Shan, Dragon Yongjun Tang, Hong Yan and Xing (Alex) Zhou
Shanghai University of Finance and Economics, The University of Hong Kong - Faculty of Business and Economics, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Southern Methodist University (SMU) - Finance Department
Downloads 320 (158,542)
Citation 8

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Credit Default Swaps, CDS, Regulatory capital, Risk-weighted assets

13.

Did Going Public Impair Moody's Credit Ratings?

Downloads 310 (163,874)
Citation 3

Did Going Public Impair Moody's Credit Ratings?

Number of pages: 61 Posted: 25 Oct 2013
Simi Kedia, Shivaram Rajgopal and Xing (Alex) Zhou
Rutgers Business School, Columbia University - Columbia Business School, Accounting, Business Law & Taxation and Southern Methodist University (SMU) - Finance Department
Downloads 310 (162,824)
Citation 3

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Did Going Public Impair Moody's Credit Ratings?

Journal of Financial Economics (JFE), Forthcoming
Posted: 26 May 2014
Simi Kedia, Shivaram Rajgopal and Xing (Alex) Zhou
Rutgers Business School, Columbia University - Columbia Business School, Accounting, Business Law & Taxation and Southern Methodist University (SMU) - Finance Department

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Credit ratings; Initial public offering (IPO); Moody’s

14.

Local Market Makers, Liquidity and Market Quality

Downloads 294 (173,339)
Citation 2

Local Market Makers, Liquidity and Market Quality

Journal of Financial Markets, Forthcoming
Number of pages: 40 Posted: 25 Mar 2008 Last Revised: 13 Jun 2011
Simi Kedia and Xing (Alex) Zhou
Rutgers Business School and Southern Methodist University (SMU) - Finance Department
Downloads 237 (214,240)

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Geography, Information advantages, Liquidity, Market Quality, Trading Costs

Local Market Makers, Liquidity and Market Quality

Number of pages: 46 Posted: 06 Mar 2008 Last Revised: 15 Jun 2011
Simi Kedia and Xing (Alex) Zhou
Rutgers Business School and Southern Methodist University (SMU) - Finance Department
Downloads 57 (612,908)
Citation 2

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Trading Costs, Liquidity, Geography, Information Advantages

15.

Informed Bond Trading, Corporate Yield Spreads, and Corporate Default Prediction

Number of pages: 34 Posted: 20 Mar 2011 Last Revised: 27 Apr 2013
Song Han and Xing (Alex) Zhou
Board of Governors of the Federal Reserve System and Southern Methodist University (SMU) - Finance Department
Downloads 262 (194,995)
Citation 14

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Corporate Bond Yield Spreads, Information Asymmetry, Information Risk Premium, Credit Risk, Corporate Default Prediction

16.

Informed Trading in Corporate Bonds Prior to Earnings Announcements

Number of pages: 49 Posted: 16 Mar 2012
Jason Zhanshun Wei and Xing (Alex) Zhou
University of Toronto - Rotman School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 252 (202,648)
Citation 4

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Informed trading, trade imbalance, corporate bond market, earnings surprises

17.

The Value of Value Investors

Number of pages: 52 Posted: 12 Jul 2022 Last Revised: 27 Feb 2023
Maureen O'Hara, Andreas C. Rapp and Xing (Alex) Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management, Board of Governors of the Federal Reserve System and Southern Methodist University (SMU) - Finance Department
Downloads 246 (207,458)

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Corporate Bond, Liquidity, Value Investor, Relationship, COVID-19, Insurance Company, Dealer, Mutual Fund.

18.

Secondary Market Liquidity and Primary Market Allocations in Corporate Bonds

Number of pages: 49 Posted: 19 Sep 2019 Last Revised: 12 Aug 2020
Thomas Flanagan, Simi Kedia and Xing (Alex) Zhou
Ohio State University (OSU) - Fisher College of Business, Rutgers Business School and Southern Methodist University (SMU) - Finance Department
Downloads 203 (248,841)
Citation 3

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Corporate Bond Issuance, Primary Markets, Underpricing, Overall Benefit from Initial Allocations, Secondary Market Liquidity, Lead Underwriters

19.

Investment Commonality Across Insurance Companies: Fire Sale Risk and Corporate Yield Spreads

FEDS Working Paper No. 2017-69
Number of pages: 56 Posted: 04 Jul 2017
Vikram K. Nanda, Wei Wu and Xing (Alex) Zhou
University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics, California State Polytechnic University, Pomona and Southern Methodist University (SMU) - Finance Department
Downloads 169 (292,667)
Citation 1

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Capital constraints, Corporate bonds, Credit rating, Fire sales, Insurance companies, Regulation, yield spreads

20.

Investment Commonality across Insurance Companies: Fire Sale Risk and Corporate Yield Spreads

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 31 Mar 2016 Last Revised: 27 Nov 2018
Vikram K. Nanda, Wei Wu and Xing (Alex) Zhou
University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics, Cal Poly Pomona and Southern Methodist University (SMU) - Finance Department
Downloads 147 (328,848)
Citation 1

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yield spread, fire sales, correlated investment strategies, regulation, credit rating, corporate bonds, insurance companies, capital constraints

21.

Assessing Gains from Primary Market Allocations in Corporate Bonds

Number of pages: 20 Posted: 03 Jun 2021 Last Revised: 07 Nov 2022
Thomas Flanagan, Simi Kedia and Xing (Alex) Zhou
Ohio State University (OSU) - Fisher College of Business, Rutgers Business School and Southern Methodist University (SMU) - Finance Department
Downloads 144 (334,288)
Citation 1

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Corporate Bond Issuance, Underpricing, Primary Market Allocation, Secondary Market Liquidity

22.

Things Fall Apart: Fixed Income Markets in the COVID Crisis

Number of pages: 21 Posted: 20 Oct 2022
Maureen O'Hara and Xing (Alex) Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management and Southern Methodist University (SMU) - Finance Department
Downloads 139 (343,759)

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Covid Crisis, Fixed Income Markets, Federal Reserve, Interventions, Treasury Securities, Corporate Bonds, Municipal Bonds, Fragility, Dealers, Mutual Funds, Hedge Funds, Insurance Companies.

23.

The Value of the Floor

Number of pages: 43 Posted: 23 Jun 2009
Daniel G. Weaver and Xing (Alex) Zhou
Rutgers Business School and Southern Methodist University (SMU) - Finance Department
Downloads 123 (377,214)

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Microstructure, Asymmetric Information, Trading Floor, Volatility, Transaction Costs

24.

The Corporate Bond Market Crises and the Government Response

FEDS Notes No. 2020-10-07-2 https://doi.org/10.17016/2380-7172.2769
Posted: 14 Oct 2020
Steven A. Sharpe and Xing (Alex) Zhou
Board of Governors of the Federal Reserve System and Southern Methodist University (SMU) - Finance Department

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