Gang Hu

Hong Kong Polytechnic University - School of Accounting and Finance

Associate Professor

M1038, Li Ka Shing Tower

Hung Hom, Kowloon

Hong Kong

http://ganghu.org

SCHOLARLY PAPERS

28

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14,228

CITATIONS
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Top 5,021

in Total Papers Citations

103

Scholarly Papers (28)

1.

Legal and Economic Issues in Litigation Arising from the 2007-2008 Credit Crisis

PRUDENT LENDING RESTORED: SECURITIZATION AFTER THE MORTGAGE MELTDOWN, Chapter 5, pp. 163-235, Yasuyuki Fuchita, Richard Herring, and Robert Litan, eds., Brookings Institution Press, Washington DC, 2009, Harvard Law and Economics Discussion Paper No. 612, Harvard Law School Program on Risk Regulation Research Paper No. 08-5
Number of pages: 94 Posted: 03 Mar 2008 Last Revised: 23 Nov 2010
Harvard Law School, Babson College and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 5,404 (1,261)
Citation 3

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Subprime, Litigation, Economic

2.

The Role of Institutional Investors in Seasoned Equity Offerings

Journal of Financial Economics (JFE), Vol. 94, No. 3, pp. 384-411, 2009, AFA 2006 Boston Meetings Paper, NBER 2007 Market Microstructure Meetings Paper, EFA 2007 Ljubljana Meetings Paper
Number of pages: 57 Posted: 25 Mar 2005 Last Revised: 14 Apr 2010
Boston College - Carroll School of Management, Oregon State University and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 930 (23,379)
Citation 32

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Seasoned Equity Offerings, Institutional investors, Manipulative trading, Information production, SEO discount, Underpricing

3.

The Role of Institutional Investors in Initial Public Offerings

Review of Financial Studies, Vol. 23, pp. 4496-4540, 2010, WFA 2007 Big Sky Meetings Paper, EFA 2006 Zurich Meetings Paper
Number of pages: 58 Posted: 17 Jun 2006 Last Revised: 23 Nov 2010
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 821 (28,007)
Citation 5

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Initial public offerings, Institutional investors, Trading, IPO allocations, Flipping

Costly Arbitrage and Idiosyncratic Risk: Evidence from Short Sellers

Journal of Financial Intermediation, Vol. 19, pp. 564-579, 2010, WFA 2006 Keystone Meetings Paper
Number of pages: 31 Posted: 14 Aug 2006 Last Revised: 27 Jan 2013
Ying Duan, Gang Hu and R. David McLean
Simon Fraser University (SFU) - Beedie School of Business, Hong Kong Polytechnic University - School of Accounting and Finance and Georgetown University - Department of Finance
Downloads 757 (30,835)
Citation 21

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Short sellers, short interest, short sale constraints, costly arbitrage, idiosyncratic risk, market efficiency

Costly Arbitrage and Idiosyncratic Risk: Evidence from Short Sellers

Journal of Financial Intermediation, Vol. 19, No. 4, 2010, University of Alberta School of Business Research Paper No. 2013-204
Posted: 23 May 2013 Last Revised: 30 May 2013
Ying Duan, Gang Hu and R. David McLean
Simon Fraser University (SFU) - Beedie School of Business, Hong Kong Polytechnic University - School of Accounting and Finance and Georgetown University - Department of Finance

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5.

Institutional Trading and Abel Noser Data

Journal of Corporate Finance 52, 2018, 143-167., Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 62 Posted: 26 Dec 2017 Last Revised: 04 Sep 2018
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Polytechnic University, School of Accounting and Finance and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 755 (31,426)

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Institutional Investor; Trading; Abel Noser; ANcerno; Accounting; Corporate Finance; Investments; Market Microstructure

When is Stock-Picking Likely to be Successful? Evidence from Mutual Funds

Financial Analysts Journal, Vol. 65, No. 2, pp. 55-66, 2009
Number of pages: 29 Posted: 12 Dec 2008 Last Revised: 27 Jan 2013
Ying Duan, Gang Hu and R. David McLean
Simon Fraser University (SFU) - Beedie School of Business, Hong Kong Polytechnic University - School of Accounting and Finance and Georgetown University - Department of Finance
Downloads 739 (31,843)
Citation 10

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mutual funds, insitutional investors, arbitage, limits of arbitrage, idiosyncratic risk, market efficiency

When is Stock Picking Likely to Be Successful? Evidence from Mutual Funds

Financial Analysts Journal, 65, Number 2, 2009, University of Alberta School of Business Research Paper No. 2013-205
Posted: 23 May 2013 Last Revised: 30 May 2013
Ying Duan, Gang Hu and R. David McLean
Simon Fraser University (SFU) - Beedie School of Business, Hong Kong Polytechnic University - School of Accounting and Finance and Georgetown University - Department of Finance

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7.

The Year-End Trading Activities of Institutional Investors: Evidence from Daily Trades

Review of Financial Studies, Forthcoming, AFA 2010 Atlanta Meetings Paper, EFA 2009 Bergen Meetings Paper, University of Alberta School of Business Research Paper No. 2014-11
Number of pages: 39 Posted: 15 Feb 2009 Last Revised: 08 Dec 2013
Hong Kong Polytechnic University - School of Accounting and Finance, Georgetown University - Department of Finance, Boston College - Department of Finance and University of Central Florida - College of Business Administration
Downloads 636 (39,545)

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mutual funds, portfolio pumping, window dressing, tape painting, institutional investors

8.

Measures of Implicit Trading Costs and Buy-Sell Asymmetry

Journal of Financial Markets, Vol. 12, pp. 418-437, 2009, WFA 2005 Portland Meetings Paper
Number of pages: 29 Posted: 27 Sep 2004 Last Revised: 23 Nov 2010
Gang Hu
Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 593 (43,444)
Citation 11

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Institutional trading, Trading cost measurement, Buy-sell asymmetry, Implementation shortfall, VWAP

9.

Institutional Investors and the Information Production Theory of Stock Splits

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 74 Posted: 17 Mar 2008 Last Revised: 28 Apr 2015
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 513 (52,302)

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Stock Splits, Brokerage Commissions, Information Production, Institutional Investors

10.

OLIVE: A Simple Method for Estimating Betas When Factors Are Measured with Error

Journal of Financial Research, Vol. 34, 27-60, 2011
Number of pages: 44 Posted: 02 Mar 2007 Last Revised: 10 Nov 2011
J. Ginger Meng, Gang Hu and Jushan Bai
Stonehill College - Department of Business Administration, Hong Kong Polytechnic University - School of Accounting and Finance and New York University (NYU) - Department of Economics
Downloads 350 (82,963)
Citation 2

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factor model, beta estimation, measurement error, instrumental variable, many instruments, GMM

11.

VWAP Cost Excluding Own Trades

Journal of Trading, Vol. 2, pp. 30-34, Winter 2007
Number of pages: 10 Posted: 14 Dec 2008 Last Revised: 19 Jan 2009
Gang Hu
Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 348 (83,520)
Citation 2

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VWAP Cost, Trading Cost Measurement, Institutional Trading

12.

GAAP Difference or Accounting Fraud? Evidence from Chinese Reverse Mergers Delisted from U.S. Markets

Journal of Forensic and Investigative Accounting Vol. 7, 2015, 122-145
Number of pages: 25 Posted: 19 Feb 2015
Yimiao Chen, Gang Hu, Ling Lin and Min Xiao
KPMG, Hong Kong Polytechnic University - School of Accounting and Finance, University of Massachusetts Dartmouth - Department of Accounting & Finance and Xiamen University - Department of Finance
Downloads 304 (97,084)

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Accounting Fraud, GAAP Difference, Chinese Reverse Mergers, Dual-Listed

13.

Small Negative Earnings Surprises and Transient Institutions’ Trading Behavior

Number of pages: 67 Posted: 01 Sep 2009 Last Revised: 24 Aug 2010
Gang Hu, Bin Ke and Yong Yu
Hong Kong Polytechnic University - School of Accounting and Finance, National University of Singapore and University of Texas at Austin
Downloads 284 (104,446)

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institutional investors, small negative earnings surprises

14.

Customer Concentration, Bad News Withholding, and Stock Price Crash Risk

Number of pages: 60 Posted: 26 Apr 2018 Last Revised: 10 May 2019
Hong Kong Polytechnic University - Faculty of Business, Hong Kong Polytechnic University - School of Accounting and Finance, Deakin University and Hong Kong Polytechnic University
Downloads 264 (112,860)

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Customer concentration; Crash risk; Bad news withholding; Performance pressure.

15.

The Market for Shareholder Voting Rights around Mergers and Acquisitions: Evidence from Institutional Daily Trading and Voting

Journal of Corporate Finance, Vol. 15, pp. 129-145, 2009
Number of pages: 46 Posted: 04 Oct 2008 Last Revised: 20 Jan 2009
Babson College, Hong Kong Polytechnic University - School of Accounting and Finance and University of Central Florida - College of Business Administration
Downloads 217 (137,406)
Citation 10

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16.

Do Institutions Have the Information to Play a Significant Role in Corporate Governance? Direct Evidence from Institutional Trading Around CEO Turnovers

Number of pages: 54 Posted: 15 Aug 2013 Last Revised: 29 Jan 2018
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance, The Brattle Group and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 209 (142,435)

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Corporate Governance; CEO Turnover; Institutional Trading; Information Production

17.

Is Dividend Smoothing Universal? New Insights from a Comparative Study of Dividend Policies in Hong Kong and the U.S.

Journal of Corporate Finance, Vol. 16, pp. 413-430, 2010
Number of pages: 41 Posted: 23 Nov 2010
Boston College - Carroll School of Management, University of Georgia - Department of Finance, Hong Kong Polytechnic University - School of Accounting and Finance and affiliation not provided to SSRN
Downloads 197 (150,447)
Citation 1

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Dividend Smoothing, Comparative Study, Hong Kong

18.

Transforming the Management and Governance of Private Family Firms in East Asia: The Role of Financial Intermediaries

NBER 2015 Entrepreneurship Working Group Meeting Paper
Number of pages: 68 Posted: 21 Aug 2015 Last Revised: 21 Jun 2018
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and Xiamen University - School of Management
Downloads 181 (162,564)

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Family Firms; Corporate Governance; Top Management Changes; Initial Public Offerings (IPOs)

19.

Do Transient Institutions Overreact to Small Negative Earnings Surprises?

Number of pages: 59 Posted: 27 Oct 2009
Gang Hu, Bin Ke and Yong Yu
Hong Kong Polytechnic University - School of Accounting and Finance, National University of Singapore and University of Texas at Austin
Downloads 158 (183,048)
Citation 2

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institutional investors, small negative earnings surprises

20.

Underestimation of Securities Fraud Aggregate Damages Due to Inter-Fund Trades

Journal of Forensic Economics, Forthcoming
Number of pages: 23 Posted: 06 Jul 2013
Babson College - Finance Division, Hong Kong Polytechnic University - School of Accounting and Finance, Crowninshield Financial Research and Fidelity Investments, Inc.
Downloads 150 (191,145)

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inter-fund trades, class action securities cases, damages estimation, aggregate damages, two-trader proportional trading model

21.

Why Have Many U.S.-Listed Chinese Firms Announced Delisting Recently?

Number of pages: 49 Posted: 14 May 2018 Last Revised: 04 Sep 2018
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong PolyU, Hong Kong Polytechnic University and Hong Kong Polytechnic University
Downloads 109 (245,980)

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Going Private and Delisting, Share Reissuance and Relisting, Government Policy and Regulation, Undervaluation, Variable Interest Entity, ADR and CDR

22.

Emerging Issues in Evaluating Market Efficiency: Part 1 - Serial Correlation

Law 360, Securities and Class Action Expert Analysis Sections, 2012
Number of pages: 7 Posted: 08 Jul 2013 Last Revised: 02 Aug 2013
Gang Hu and Mark Marcus
Hong Kong Polytechnic University - School of Accounting and Finance and Crowninshield Financial Research
Downloads 71 (319,668)

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securities litigation, market efficiency, serial correlation, fraud-on-the-market

23.

An Analysis of Liquidity Across Markets: Execution Costs on the NYSE versus Electronic Markets

LIQUIDITY, INTEREST RATES AND BANKING, Chapter 7, pp. 139-167, Jeffrey Morrey, Alexander Guyton, eds., Nova Publishers, New York, 2009
Number of pages: 37 Posted: 23 Nov 2010
Babson College - Finance Division, Hong Kong Polytechnic University - School of Accounting and Finance and Stonehill College - Department of Business Administration
Downloads 66 (332,430)
Citation 1

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Liquidity, Execution Costs, Electronic Markets

24.

Emerging Issues in Evaluating Market Efficiency: Part 2 – Analyst Coverage in the 21st Century

Law 360, Securities and Class Action Expert Analysis Sections, 2013
Number of pages: 7 Posted: 03 Aug 2013
J. Brooks and Gang Hu
Crowninshield Financial Research and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 57 (357,706)

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securities litigation, market efficiency, analyst coverage, fraud-on-the-market, Cammer decision

25.

Catastrophic Risk and Institutional Investors: Evidence from Institutional Trading around 9/11

Number of pages: 43 Posted: 11 Oct 2018 Last Revised: 27 Nov 2018
Hong Kong Polytechnic University - Faculty of Business, Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Polytechnic University, School of Accounting and Finance, Students and Hong Kong Polytechnic University
Downloads 50 (379,641)

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Catastrophic Risk, Market Crisis and Stability, Institutional Investor, Trading

26.

Can Transient Institutions Correctly Interpret Small Negative Earnings Surprises in the Absence of Access to Management's Private Information?

Journal of Accounting, Auditing and Finance, Vol. 33, No. 1, 2018
Number of pages: 61 Posted: 26 Apr 2018
Gang Hu, Bin Ke and Yong Yu
Hong Kong Polytechnic University - School of Accounting and Finance, National University of Singapore and University of Texas at Austin
Downloads 36 (430,846)

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institutional investors, small negative earnings surprises, market efficiency

27.

Essays in Corporate Finance and Institutional Trading

Ph.D. Dissertation at Boston College
Number of pages: 173 Posted: 27 Jul 2018
Gang Hu
Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 26 (476,623)

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Institutional Investor; Trading; Abel Noser; ANcerno; Corporate Finance; Investments; Market Microstructure

28.

Opinion Divergence Among Professional Investment Managers

Journal of Business Finance & Accounting, Vol. 35, Issue 5-6, pp. 679-703, June/July 2008
Number of pages: 25 Posted: 18 Jun 2008
Hong Kong Polytechnic University - School of Accounting and Finance, Stonehill College - Department of Business Administration and Babson College - Finance Division
Downloads 3 (612,011)
Citation 3
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