Donghang Zhang

University of South Carolina

Professor of Finance

1014 Greene Street

Darla Moore Sch

Columbia, SC SC 29208

United States

http://https://sc.edu/study/colleges_schools/moore/directory/zhang_donghang.php

  • University of South Carolina

    • Email
    • Tel: 8037770242
    • Fax: 29208
SCHOLARLY PAPERS

25

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20,030

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Top 7,616

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189

CROSSREF CITATIONS

46

Scholarly Papers (25)

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1.

SPACs

The Review of Financial Studies, forthcoming
Number of pages: 50 Posted: 22 Feb 2021 Last Revised: 26 Jan 2023
Minmo Gahng, Jay R. Ritter and Donghang Zhang
Cornell SC Johnson College of Business, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina
Downloads 10,160 (1,065)
Citation 23

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Special Purpose Acquisition Company, SPAC, IPO, PIPE Returns, IPO

2.

IPOs and SPACs: Recent Developments

Downloads 1,109 (38,394)
Citation 16

IPOs and SPACs: Recent Developments

Number of pages: 42 Posted: 09 Jan 2023 Last Revised: 24 Oct 2023
Rongbing Huang, Jay R. Ritter and Donghang Zhang
Kennesaw State University - Michael J. Coles College of Business, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina
Downloads 1,109 (37,810)
Citation 16

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Initial Public Offering, IPO, Special Purpose Acquisition Company, SPAC, Unicorn, Confidential filing, Direct listing, Dual-class shares

3.

Informed Trading and Option Spreads

Number of pages: 34 Posted: 19 May 2004
Gautam Kaul, Mahendrarajah Nimalendran and Donghang Zhang
University of Michigan, Stephen M. Ross School of Business, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina
Downloads 980 (45,797)
Citation 26

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Options, spreads, informed trading

4.

Pre-IPO Analyst Coverage: Hype or Information Production?

Number of pages: 61 Posted: 12 Dec 2017 Last Revised: 28 Aug 2019
Chunxin Jia, Jay R. Ritter, Zhen Xie and Donghang Zhang
Peking University - Guanghua School of Management, University of Florida - Department of Finance, Insurance and Real Estate, Shanghai University of Finance and Economics and University of South Carolina
Downloads 973 (46,186)
Citation 8

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Analysts, IPOs, Primary Market, Offer Price Revision, Underpricing, China

5.

Lending Relationships and the Pricing of Syndicated Loans

Management Science, forthcoming
Number of pages: 52 Posted: 06 Feb 2020 Last Revised: 06 Mar 2023
Donghang Zhang, Yafei Zhang and Yijia (Eddie) Zhao
University of South Carolina, The University of Manchester - Alliance Manchester Business School and University of Massachusetts Boston
Downloads 717 (69,800)
Citation 3

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Syndicated Loan, Lending Relationship, Primary Market, Loan Underwriting, Originate-to-Distribute (OTD)

6.

Initial Public Offerings: Motives, Mechanisms, and Pricing

Number of pages: 63 Posted: 01 Mar 2022
Rongbing Huang and Donghang Zhang
Kennesaw State University - Michael J. Coles College of Business and University of South Carolina
Downloads 647 (79,568)

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Initial Public Offering, IPO, Special Purchase Acquisition Company, SPAC, Direct Listing, Confidential Filing, Draft Registration, Testing the Waters, Underpricing, Public-Private Market Arbitrage

7.

Bank Capital and Lending: Evidence from Syndicated Loans

Number of pages: 56 Posted: 04 Jul 2014 Last Revised: 19 Aug 2021
Yongqiang Chu, Donghang Zhang and Yijia (Eddie) Zhao
Belk College of Business, UNC Charlotte, University of South Carolina and University of Massachusetts Boston - College of Management
Downloads 634 (81,589)
Citation 15

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Bank Capital, Lending, Syndicated Loans, TARP

8.

Private Equity Firms’ Reputational Concerns and the Costs of Debt Financing

Number of pages: 63 Posted: 23 Jan 2013 Last Revised: 23 Feb 2014
Rongbing Huang, Jay R. Ritter and Donghang Zhang
Kennesaw State University - Michael J. Coles College of Business, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina
Downloads 590 (89,335)
Citation 15

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IPOs, Buyout Groups, Private Equity, Reputation, Agency Costs, Bond Offering

9.

Affiliated Mutual Funds and the Allocation of Initial Public Offerings

Downloads 443 (126,688)
Citation 43

Affiliated Mutual Funds and the Allocation of Initial Public Offerings

AFA 2006 Boston Meetings Paper
Number of pages: 47 Posted: 24 Apr 2005
Jay R. Ritter and Donghang Zhang
University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina
Downloads 443 (125,356)
Citation 43

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Initial public offerings, mutual funds, IPO allocations

Affiliated Mutual Funds and the Allocation of Initial Public Offerings

Journal of Financial Economics, Forthcoming
Posted: 10 Oct 2006
Donghang Zhang and Jay R. Ritter
University of South Carolina and University of Florida - Department of Finance, Insurance and Real Estate

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Initial public offerings, mutual funds, IPO allocations

10.

Bank Specialness, Credit Lines, and Loan Structure

Number of pages: 54 Posted: 26 Nov 2018 Last Revised: 14 Jan 2020
Allen N. Berger, Donghang Zhang and Yijia (Eddie) Zhao
University of South Carolina - Darla Moore School of Business, University of South Carolina and University of Massachusetts Boston - College of Management
Downloads 427 (132,268)
Citation 1

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Credit Lines, Institutional Term Loans, Syndicated Lending, Bank Specialness

11.

Do Today's Trades Affect Tomorrow's IPO Allocations?

AFA 2005 Philadelphia Meetings, Forthcoming
Number of pages: 36 Posted: 05 Jan 2005
Mahendrarajah Nimalendran, Jay R. Ritter and Donghang Zhang
University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina
Downloads 376 (152,856)
Citation 25

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IPOs, brokerage commissions

12.

Expanding the Bank Liquidity Creation Concept: Bank Capital and Secondary Market Loan Liquidity

Number of pages: 55 Posted: 09 Jun 2020 Last Revised: 07 Jul 2021
Allen N. Berger, Donghang Zhang and Yijia (Eddie) Zhao
University of South Carolina - Darla Moore School of Business, University of South Carolina and University of Massachusetts Boston - College of Management
Downloads 329 (176,758)

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Bank liquidity creation, bank capital, syndicated loans, secondary loan market

13.

Underwriting and Primary Market Price Discovery of Syndicated Loans: Theory and Evidence

Number of pages: 64 Posted: 27 Apr 2018 Last Revised: 21 Feb 2023
Donghang Zhang, Yafei Zhang and Yijia (Eddie) Zhao
University of South Carolina, The University of Manchester - Alliance Manchester Business School and University of Massachusetts Boston - College of Management
Downloads 329 (176,758)

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Syndicated loans, Universal banking, Loan underwriting, Underpricing, Bank capital

14.

Managing Underwriters and the Marketing of Seasoned Equity Offerings

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 43 Posted: 25 Jul 2009 Last Revised: 03 Aug 2009
Rongbing Huang and Donghang Zhang
Kennesaw State University - Michael J. Coles College of Business and University of South Carolina
Downloads 329 (176,758)
Citation 7

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Marketing of Securities, Price Pressure, SEOs, Investment Banks, Managing Underwriters, Investor Networks, Offer Price Discounts

15.

Loan Market Benefits of (High) IPO Underpricing

Downloads 309 (188,798)

Loan Market Benefits of (High) IPO Underpricing

Number of pages: 62 Posted: 26 Jan 2018 Last Revised: 06 Feb 2024
Xunhua Su, Donghang Zhang and Xiaoyu Zhang
NHH Norwegian School of Economics, University of South Carolina and Vrije Universiteit Amsterdam (VU Amsterdam)
Downloads 294 (197,717)

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IPO, Underpricing, Syndicated Loans, Loan Spreads, Borrowing Costs

Loan Market Benefits of (High) IPO Underpricing

Number of pages: 63 Posted: 07 Feb 2024
Xunhua Su, Donghang Zhang and Xiaoyu Zhang
NHH Norwegian School of Economics, University of South Carolina and Vrije Universiteit Amsterdam (VU Amsterdam)
Downloads 15 (1,070,206)

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IPO, Underpricing, Syndicated Loans, Loan Spreads, Borrowing Costs

16.

The Impact of Sell-Side Analyst Research Coverage on an Affiliated Broker's Market Share of Trading Volume

Number of pages: 48 Posted: 28 Feb 2008
Greg Niehaus and Donghang Zhang
University of South Carolina - Darla Moore School of Business and University of South Carolina
Downloads 291 (201,195)
Citation 10

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Analysts, Trading Volume, NASDAQ

17.

The Networking Function of Investment Banks: Evidence from Private Investments in Public Equity

Number of pages: 43 Posted: 22 Sep 2008
Rongbing Huang, Zhaoyun Shangguan and Donghang Zhang
Kennesaw State University - Michael J. Coles College of Business, University of Massachusetts Dartmouth - Charlton College of Business and University of South Carolina
Downloads 278 (210,876)
Citation 5

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Investment Bank, Networking Function, Investor Participation, Private Investment in Public Equity, PIPE, Placement Agent, Fees

18.

CLOs, Loan Spreads, and Corporate Investments

Number of pages: 55 Posted: 01 Mar 2022 Last Revised: 14 Nov 2023
Donghang Zhang and Yafei Zhang
University of South Carolina and The University of Manchester - Alliance Manchester Business School
Downloads 265 (221,354)

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CLO, Collateralized Loan Obligation, Securitization, Syndicated Loan, Loan Spread

19.

Relationship Banking and Loan Syndicate Structure: The Role of Private Equity Sponsors

Number of pages: 48 Posted: 29 Oct 2015 Last Revised: 25 Sep 2020
Rongbing Huang, Donghang Zhang and Yijia (Eddie) Zhao
Kennesaw State University - Michael J. Coles College of Business, University of South Carolina and University of Massachusetts Boston - College of Management
Downloads 233 (251,144)

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Third-Party Banking Relationship, Information Asymmetry, Private Equity, Syndicate Structure, IPO

20.

Going Public with IPOs and SPAC Mergers

Number of pages: 43 Posted: 17 Nov 2023
Rongbing Huang, Jay R. Ritter and Donghang Zhang
Kennesaw State University - Michael J. Coles College of Business, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina
Downloads 222 (266,390)
Citation 17

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Initial Public Offerings, SPACs, deSPACs, VC-backed IPOs, tech IPOs, life science IPOs

21.

Globalization and Capital Markets: Evidence from the Decline in IPOs

Number of pages: 61 Posted: 02 Oct 2023 Last Revised: 14 Jul 2024
M. Vahid Irani, Gerard Pinto and Donghang Zhang
University of South Carolina - Darla Moore School of Business, University of Delaware and University of South Carolina
Downloads 132 (411,799)

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Initial public offering (IPO), merger and acquisition (M&A), trade sale, globalization, new list JEL Classification: F13

22.

Borrowing from A Competitor's Bank

Number of pages: 54 Posted: 21 Sep 2022
Donghang Zhang and Yafei Zhang
University of South Carolina and The University of Manchester - Alliance Manchester Business School
Downloads 117 (451,294)

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Common lender, Syndicated loans, Bank monitoring, Information asymmetry, Product market competition

23.

Information Efficiency or Hold-up with Universal Banks? Some Evidence from Lending after Equity Underwriting

Number of pages: 61 Posted: 24 Jan 2021
Gerard Pinto and Donghang Zhang
University of Delaware and University of South Carolina
Downloads 79 (585,506)

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Hold-up, Syndicated Loan, IPO, SEO, Informational Rent

24.

Internet Appendix for “Lending Relationships and the Pricing of Syndicated Loans”

Number of pages: 15 Posted: 19 Oct 2022
Donghang Zhang, Yafei Zhang and Yijia (Eddie) Zhao
University of South Carolina, The University of Manchester - Alliance Manchester Business School and University of Massachusetts Boston
Downloads 32 (867,308)

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Syndicated Loan, Lending Relationship, Primary Market, Loan Underwriting, Originate-to-Distribute (OTD)

25.

The Unintended Impact of the Volcker Rule on Primary Market Bond Pricing: Evidence from the Rule 144A Bond Market

Number of pages: 57 Posted: 15 Apr 2024
Eric A. Powers, Donghang Zhang and Yafei Zhang
University of South Carolina - Darla Moore School of Business, University of South Carolina and The University of Manchester - Alliance Manchester Business School
Downloads 29 (893,462)

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Volcker Rule, Bond Liquidity, Credit Spread, Primary Market, Rule 144A