Xing (Alex) Zhou

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

14

DOWNLOADS
Rank 10,182

SSRN RANKINGS

Top 10,182

in Total Papers Downloads

4,705

SSRN CITATIONS
Rank 7,506

SSRN RANKINGS

Top 7,506

in Total Papers Citations

65

CROSSREF CITATIONS

73

Scholarly Papers (14)

1.

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 Board of Governors of the Federal Reserve System
Downloads 1,020 (21,715)
Citation 7

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

2.
Downloads 1,009 ( 22,072)
Citation 50

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 Board of Governors of the Federal Reserve System
Downloads 684 (37,501)
Citation 13

Abstract:

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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 Board of Governors of the Federal Reserve System
Downloads 325 (94,678)
Citation 20

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

3.

The Execution Quality of Corporate Bonds

Fordham University Schools of Business Research Paper No. 2680480
Number of pages: 50 Posted: 27 Oct 2015 Last Revised: 09 Jul 2016
Maureen O'Hara, Yihui Wang and Xing (Alex) Zhou
Cornell University - Samuel Curtis Johnson Graduate School of Management, Fordham University and Board of Governors of the Federal Reserve System
Downloads 596 (45,827)
Citation 8

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

4.

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 Board of Governors of the Federal Reserve System
Downloads 452 (64,932)
Citation 8

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

5.

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 Business School and Board of Governors of the Federal Reserve System
Downloads 293 (106,732)
Citation 1

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

6.
Downloads 265 (118,707)
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 Business School and Board of Governors of the Federal Reserve System
Downloads 265 (118,115)
Citation 3

Abstract:

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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 Business School and Board of Governors of the Federal Reserve System

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

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 Board of Governors of the Federal Reserve System
Downloads 199 (157,154)

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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 Board of Governors of the Federal Reserve System
Downloads 41 (442,160)

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Trading Costs, Liquidity, Geography, Information Advantages

8.

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 Board of Governors of the Federal Reserve System
Downloads 204 (153,683)
Citation 3

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

9.

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
Federal Reserve Board - Division of Research and Statistics and Board of Governors of the Federal Reserve System
Downloads 197 (158,835)
Citation 3

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

10.

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
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 114 (249,395)
Citation 3

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

11.

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 Board of Governors of the Federal Reserve System
Downloads 109 (257,408)
Citation 1

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

12.

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

FEDS Working Paper No. 2017-069
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 Board of Governors of the Federal Reserve System
Downloads 106 (262,496)

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Capital constraints, Corporate bonds, Credit rating, Fire sales, Insurance companies, Regulation, Yield spread

13.

The Value of the Floor

Number of pages: 43 Posted: 23 Jun 2009
Daniel G. Weaver and Xing (Alex) Zhou
Rutgers Business School and Board of Governors of the Federal Reserve System
Downloads 100 (273,215)

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

14.

Secondary Market Liquidity and Primary Market Allocations in Corporate Bonds

Posted: 19 Sep 2019 Last Revised: 06 Dec 2019
Thomas Flanagan, Simi Kedia and Xing (Alex) Zhou
University of Michigan, Stephen M. Ross School of Business, Rutgers Business School and Board of Governors of the Federal Reserve System
Downloads 0 (687,143)

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