Weina Zhang

Department of Finance, National University of Singapore

Senior Lecturer

Mochtar Riady Building

15 Kent Ridge Drive

Singapore, 119245

Singapore

http://bizfaculty.nus.edu/faculty-profiles/108-weina

National University of Singapore Risk Management Institute

Affiliated Researcher

21 Heng Mui Keng Terrace

Level 4

Singapore, 119613

Singapore

SCHOLARLY PAPERS

21

DOWNLOADS
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Top 13,471

in Total Papers Downloads

3,631

SSRN CITATIONS
Rank 39,774

SSRN RANKINGS

Top 39,774

in Total Papers Citations

5

CROSSREF CITATIONS

9

Scholarly Papers (21)

1.

CDS-Bond Basis and Bond Return Predictability

Journal of Empirical Finance, Vol. 38, 307-337, September 2016
Number of pages: 69 Posted: 22 Jan 2014 Last Revised: 04 Jan 2017
Gi H. Kim, Haitao Li and Weina Zhang
Warwick Business School - University of Warwick, University of Michigan - Stephen M. Ross School of Business and Department of Finance, National University of Singapore
Downloads 485 (59,141)
Citation 5

Abstract:

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Credit default swaps, CDS-bond basis, basis arbitrage, corporate bonds, financial crisis, limits of arbitrage, price convergence

2.

The Information Value of Credit Rating Action Reports: A Textual Analysis

Management Science, 2016, Vol 62 (8), 2218-2240
Number of pages: 50 Posted: 23 Jul 2013 Last Revised: 04 Jan 2017
National University of Singapore, National University of Singapore and Department of Finance, National University of Singapore
Downloads 455 (63,965)
Citation 1

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Credit Ratings; Credit Rating Agencies; Credit Rating Reports; Linguistic Tone

3.

Portfolio Value-at-Risk Optimization for Asymmetrically Distributed Asset Returns

European Journal of Operational Research, 2012, Vol 221, 397-406
Number of pages: 31 Posted: 27 Apr 2009 Last Revised: 04 Jan 2017
Joel Goh, Kian-Guan Lim, Melvyn Sim and Weina Zhang
National University of Singapore, Singapore Management University - Lee Kong Chian School of Business, National University of Singapore (NUS) - NUS Business School and Department of Finance, National University of Singapore
Downloads 355 (85,668)

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Asymmetric Distributions, Markowitz Mean-Variance Optimization, Partitioned Value-at-Risk, Portfolio Optimization, Robust Risk Measures

4.

The CDS-Bond Basis Arbitrage and the Cross Section of Corporate Bond Returns

Journal of Futures Markets, Vol. 37, 836-861, August 2017
Number of pages: 42 Posted: 22 Mar 2011 Last Revised: 26 Aug 2017
Gi H. Kim, Haitao Li and Weina Zhang
Warwick Business School - University of Warwick, University of Michigan - Stephen M. Ross School of Business and Department of Finance, National University of Singapore
Downloads 293 (106,020)
Citation 2

Abstract:

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Credit Default Swap, CDS-Bond Basis Arbitrage, Corporate Bond Returns, Basis Risk Factor, Financial Crisis, Funding Liquidity, Counterparty Risk, Limits-to-Arbitrage

5.

The Relationships between Real Estate Price and Expected Financial Asset Risk and Return: Theory and Empirical Evidence

Journal of Real Estate Finance and Economics, 2013, 46 (4), 568-595
Number of pages: 38 Posted: 01 Aug 2009 Last Revised: 04 Jan 2017
Gang-Zhi Fan, Zsuzsa R. Huszar and Weina Zhang
School of Management, Guangzhou University, National University of Singapore and Department of Finance, National University of Singapore
Downloads 246 (127,386)

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Comovement, Indifference Pricing, Incomplete Market, Real Estate, Risk and Return

6.

On the Dynamics of Corporate Bond Ownership

Number of pages: 67 Posted: 14 Aug 2014 Last Revised: 09 May 2016
Massimo Massa, Hong Zhang and Weina Zhang
INSEAD - Finance, Tsinghua University - PBC School of Finance and Department of Finance, National University of Singapore
Downloads 214 (145,879)

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corporate bonds; credit risk, institutional ownership; learning

7.

Dissecting the Information Value of Sovereign Credit Rating Reports

Number of pages: 52 Posted: 18 Nov 2014 Last Revised: 05 Apr 2019
National University of Singapore, National University of Singapore, Credit Suisse and Department of Finance, National University of Singapore
Downloads 206 (151,279)
Citation 1

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Eurozone Sovereign Debt Crisis, Linguistic Tone, Naïve Bayesian Algorithm, Sovereign Credit Default Swaps, Sovereign Credit Rating Reports

8.

Does Policy Instability Matter for International Equity Markets?

International Review of Finance, Forthcoming
Number of pages: 56 Posted: 23 Jul 2013 Last Revised: 02 Mar 2019
Swee Sum Lam, Huiping Zhang and Weina Zhang
National University of Singapore - NUS Business School, James Cook University - College of Business, Law and Governance, and Department of Finance, National University of Singapore
Downloads 195 (159,292)
Citation 3

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bureaucratic quality, government stability, international asset pricing, policy instability

9.

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
Luohan Academy, University of Missouri at St. Louis - College of Business Administration and Department of Finance, National University of Singapore
Downloads 177 (173,789)
Citation 1

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

10.

Do Short Sellers Exploit Industry Information?

Journal of Empirical Finance, Forthcoming
Number of pages: 48 Posted: 13 Dec 2015 Last Revised: 22 Sep 2018
Zsuzsa R. Huszar, R.S.K. Tan and Weina Zhang
National University of Singapore, National University of Singapore and Department of Finance, National University of Singapore
Downloads 158 (191,667)
Citation 1

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Financial Distress, Industry Information, Pricing efficiency, Short selling

11.

The Information Value of Stock Lending Fees: Are Lenders Price Takers?

Review of Finance, 21, 2353–2377, 2017
Number of pages: 40 Posted: 08 Dec 2016 Last Revised: 28 Feb 2019
Iowa State University - Department of Accounting and Finance, National University of Singapore, National University of Singapore and Department of Finance, National University of Singapore
Downloads 153 (196,918)
Citation 1

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Institutional ownership; Securities lending market; Short selling; Short-sale constraints

12.

Active Institutional Investors and Short Sale Constraints around the Global Financial Crisis

Number of pages: 44 Posted: 19 Jul 2014 Last Revised: 19 Dec 2016
Zsuzsa R. Huszar, R.S.K. Tan and Weina Zhang
National University of Singapore, National University of Singapore and Department of Finance, National University of Singapore
Downloads 124 (232,924)

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Institutional ownership, Securities lending market, Short sales, Short sale constraints

13.

The Moderating Effect of Bureaucratic Quality on the Pricing of Policy Instability

China Finance Review International, 2015, Vol 5 (3), 303-334.
Number of pages: 51 Posted: 17 Nov 2011 Last Revised: 04 Jan 2017
Swee Sum Lam and Weina Zhang
National University of Singapore - NUS Business School and Department of Finance, National University of Singapore
Downloads 118 (241,644)

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policy instability, policy reversal, policy risk, bureaucratic quality, liberalization,interest rate, interest rate spread, interest rate volatility

14.

The Helping Hand of the State in Chinese Real Estate Firms: Anti-corruption and Liberalization

International Real Estate Review, 2016, Vol 19 (1), 51-97.
Number of pages: 47 Posted: 21 Apr 2014 Last Revised: 04 Jan 2017
Gang-Zhi Fan, Zsuzsa R. Huszar and Weina Zhang
School of Management, Guangzhou University, National University of Singapore and Department of Finance, National University of Singapore
Downloads 109 (255,780)

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Corporate Governance, Executive Compensation, Emerging Market, Agency Issues, Real Estate Company, China

15.

The Norm Theory of Capital Structure: International Evidence

International Review of Finance, 2013, Vol 13 (1), pp. 111-135
Number of pages: 36 Posted: 17 Nov 2011 Last Revised: 23 Jul 2013
Swee Sum Lam, Weina Zhang and Reginald Lee
National University of Singapore - NUS Business School, Department of Finance, National University of Singapore and Merrill Lynch & Co. - Merrill Lynch (Singapore) Pte. Ltd.
Downloads 102 (267,826)

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national culture, capital structure, leverage, managerial norms, norm theory of capital structure

16.

Unveil the Economic Impact of Policy Reversals: The China Experience

China Finance Review International, Forthcoming
Number of pages: 32 Posted: 23 Jul 2013 Last Revised: 26 Oct 2018
Swee Sum Lam, Tao Li and Weina Zhang
National University of Singapore - NUS Business School, City University of Hong Kong (CityUHK) - Department of Economics & Finance and Department of Finance, National University of Singapore
Downloads 83 (305,591)

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economic growth; interest rate; policymaking; policy reversals; interbank repo; term structure; volatility

17.

The Relationships between Real Estate Price and Expected Financial Asset Risk and Return: Theory and Empirical Evidence

Journal of Real Estate Finance and Economics, Vol. 46, No. 4, 2013
Number of pages: 38 Posted: 20 Mar 2013 Last Revised: 23 Jul 2013
Gang-Zhi Fan, Zsuzsa R. Huszar and Weina Zhang
School of Management, Guangzhou University, National University of Singapore and Department of Finance, National University of Singapore
Downloads 76 (321,878)

Abstract:

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comovement, indifference pricing, incomplete market, real estate, risk and return

18.

The Mispricing of Socially Ambiguous Grey Stocks

Finance Research Letters, May 2015, Vol 13 (5), 81-89
Number of pages: 15 Posted: 08 Jan 2015 Last Revised: 04 Jan 2017
National University of Singapore - NUS Business School, Department of Finance, National University of Singapore and Nanyang Technological University (NTU)
Downloads 57 (374,461)
Citation 2

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Corporate Social Responsibility (CSR); Community; Controversial Industries; Environment; Socially Ambiguous Grey Stocks; Sin Stocks

19.

Reciprocity between Financial and Social Performance in Microfinance Institutions

Public Performance and Management Review, Forthcoming
Number of pages: 29 Posted: 25 Mar 2019 Last Revised: 28 Mar 2019
National University of Singapore - NUS Business School, Department of Finance, National University of Singapore, Asian Pastoral Institute and Nanyang Technological University (NTU)
Downloads 23 (516,398)

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Social enterprises, financial sustainability, social mission, reciprocity, profit status, microfinance institutions

20.

The Norm Theory of Capital Structure: International Evidence

International Review of Finance, Vol. 13, Issue 1, pp. 111-135, 2013
Number of pages: 25 Posted: 06 Mar 2013
National University of Singapore (NUS), Department of Finance, National University of Singapore and United Alliance Capital Pte Ltd.
Downloads 2 (653,588)
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21.

Efficiency of Regulated and Unregulated FOREX Markets: An Analysis of Onshore and Offshore Renminbi Forward Markets

International Finance Review, Vol. 17, The Political Economy of Chinese Finance, Emerald Publishing
Posted: 27 May 2016
Zsuzsa R. Huszar, Weina Zhang and R.S.K. Tan
National University of Singapore, Department of Finance, National University of Singapore and National University of Singapore

Abstract:

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FOREX Market, Onshore, offshore, China, covered interest rate parity (CIRP)