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

  • Hong Kong Polytechnic University - School of Accounting and Finance

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    • Tel: (852) 3400 8455
SCHOLARLY PAPERS

31

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225

CROSSREF CITATIONS

136

Scholarly Papers (31)

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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
Allen Ferrell, Jennifer E. Bethel and Gang Hu
Harvard Law School, Babson College and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 5,627 (2,927)
Citation 2

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Subprime, Litigation, Economic

2.

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
Gang Hu, Koren M. Jo, Yi Alex Wang and Jing Xie
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 University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 1,410 (27,310)
Citation 50

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

3.

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
Thomas J. Chemmanur, Shan He, Shan He and Gang Hu
Boston College - Carroll School of Management, Louisiana State UniversityOregon State University and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 1,023 (43,483)
Citation 12

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

4.

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
Thomas J. Chemmanur, Gang Hu and Jiekun Huang
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 931 (49,618)
Citation 12

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

5.

Costly Arbitrage and Idiosyncratic Risk: Evidence from Short Sellers

Downloads 856 (55,666)
Citation 6

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 - McDonough School of Business
Downloads 856 (54,850)
Citation 6

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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 - McDonough School of Business

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6.

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

Downloads 814 (59,592)
Citation 2

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 - McDonough School of Business
Downloads 814 (58,702)
Citation 2

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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 - McDonough School of Business

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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
Gang Hu, R. David McLean, Jeffrey Pontiff and Qinghai Wang
Hong Kong Polytechnic University - School of Accounting and Finance, Georgetown University - McDonough School of Business, Boston College - Department of Finance and University of Central Florida - College of Business Administration
Downloads 746 (66,895)
Citation 9

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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 684 (74,843)
Citation 15

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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
Thomas J. Chemmanur, Gang Hu and Jiekun Huang
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 584 (91,330)
Citation 4

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Stock Splits, Brokerage Commissions, Information Production, Institutional Investors

10.

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

Number of pages: 60 Posted: 26 Apr 2018 Last Revised: 10 May 2019
Yangyang Chen, Gang Hu, Jun Yao and Jingran Zhao
City University of Hong Kong (CityU) - Department of Accountancy, Hong Kong Polytechnic University - School of Accounting and Finance, Deakin University and Hong Kong Polytechnic University
Downloads 547 (99,240)

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

11.

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 429 (132,668)

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

12.

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 411 (139,493)

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VWAP Cost, Trading Cost Measurement, Institutional Trading

13.

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 393 (146,771)
Citation 1

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

14.

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

Number of pages: 49 Posted: 14 May 2018 Last Revised: 04 Sep 2018
Gang Hu, Ji-Chai Lin, Owen Wong and Manning Yu
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong PolyU, Hong Kong Polytechnic University and Hong Kong Polytechnic University
Downloads 354 (164,776)
Citation 1

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

15.

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 332 (176,611)

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institutional investors, small negative earnings surprises

16.

Transforming the Management and Governance of Private Family Firms Prior to Initial Public Offerings: The Role of Venture Capital

NBER 2015 Entrepreneurship Working Group Meeting Paper
Number of pages: 76 Posted: 21 Aug 2015 Last Revised: 29 Jan 2020
Thomas J. Chemmanur, Gang Hu and Wu Chaopeng
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and Xiamen University - School of Management
Downloads 293 (201,568)

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Private Family Firms; Initial Public Offerings; Corporate Governance; Venture Capital; Top Management Changes

17.

Institutional Trading, Information Production, and Forced CEO Turnovers

Journal of Corporate Finance, 2021
Number of pages: 56 Posted: 15 Aug 2013 Last Revised: 09 Sep 2021
Thomas J. Chemmanur, Gang Hu, Yingzhen Li and Jing Xie
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance, The Brattle Group and University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 279 (211,914)

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Corporate Governance; CEO Turnover; Institutional Trading; Information Production

18.

The Role of Institutional Investors in Corporate and Entrepreneurial Finance

Journal of Corporate Finance, Forthcoming
Number of pages: 11 Posted: 20 Jan 2021
Thomas J. Chemmanur, Gang Hu and K.C. John Wei
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Polytechnic University
Downloads 272 (217,583)
Citation 2

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Institutional Investor, Corporate Finance, Trading, Abel Noser Data

19.

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
Jennifer E. Bethel, Gang Hu and Qinghai Wang
Babson College, Hong Kong Polytechnic University - School of Accounting and Finance and University of Central Florida - College of Business Administration
Downloads 267 (221,591)
Citation 1

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20.

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
Thomas J. Chemmanur, Jie He, Gang Hu and Y. Helen Liu
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 250 (236,474)
Citation 2

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Dividend Smoothing, Comparative Study, Hong Kong

21.

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

Journal of Forensic Economics, Forthcoming
Number of pages: 23 Posted: 06 Jul 2013
Steven P. Feinstein, Gang Hu, Mark Marcus and Zann Ali
Babson College - Finance Division, Hong Kong Polytechnic University - School of Accounting and Finance, Crowninshield Financial Research and Fidelity Investments, Inc.
Downloads 232 (254,372)
Citation 1

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

22.

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 211 (278,155)
Citation 1

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institutional investors, small negative earnings surprises

23.

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 103 (499,777)

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

24.

Do Buy-Side Analysts in Earnings Conference Calls Manipulate Stock Prices?

Journal of Corporate Finance, forthcoming
Number of pages: 58 Posted: 10 Sep 2024
Gang Hu, Michael J. Jung, M.H. Franco Wong, Danlei Bonnie Yu and Frank Zhang
Hong Kong Polytechnic University - School of Accounting and Finance, University of Delaware - Alfred Lerner College of Business and Economics, University of Toronto - Rotman School of Management, Soochow University and Yale School of Management
Downloads 102 (506,651)

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Buy-Side Analysts, Conference Calls, Stock Prices, Stock Returns, Manipulation

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
Yangyang Chen, Gang Hu, Danlei Bonnie Yu and Jingran Zhao
City University of Hong Kong (CityU) - Department of Accountancy, Hong Kong Polytechnic University - School of Accounting and Finance, Soochow University and Hong Kong Polytechnic University
Downloads 101 (506,651)

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

26.

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
Michael A. Goldstein, Gang Hu and J. Ginger Meng
Babson College - Finance Division, Hong Kong Polytechnic University - School of Accounting and Finance and Stonehill College - Department of Business Administration
Downloads 90 (546,064)

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Liquidity, Execution Costs, Electronic Markets

27.

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 84 (569,501)

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

28.

CAFR 1999-2019, Past Two Decades and Looking Ahead

Number of pages: 38 Posted: 31 Dec 2020
Agnes Cheng, Gang Hu and Danlei Bonnie Yu
Hong Kong Polytechnic University, Hong Kong Polytechnic University - School of Accounting and Finance and Soochow University
Downloads 81 (581,778)

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Information Disclosure, Auditing and Taxation, Corporate Governance, Market Efficiency, Corporate Finance

29.

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 81 (581,778)
Citation 3

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institutional investors, small negative earnings surprises, market efficiency

30.

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 76 (603,357)
Citation 1

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

31.

What can explain the direct costs of going public in China?

Posted: 20 Jan 2021 Last Revised: 09 Sep 2021
Siyuan Yan, Xiaoxu Ling, Louis T. W. Cheng and Gang Hu
East China University of Science and Technology (ECUST) - School of Business, Hong Kong Polytechnic University - School of Accounting and Finance, The Hang Seng University of Hong Kong - Department of Economics and Finance and Hong Kong Polytechnic University - School of Accounting and Finance

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Underwriting spreads; IPO underpricing; Policy uncertainty; Listing costs