Author Page for Hongjun Yan

1.

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion: A Preference-Based Formulation

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Citation 21

3

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion: A Preference-Based Formulation

EFA Meetings, WFA Meetings

Number of pages: 35 Posted: 29 Nov 2004 Last Revised: 15 Aug 2008

Suleyman Basak and Hongjun Yan

London Business School and DePaul University

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Citation 16

Abstract:

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion

Yale ICF Working Paper No. 08-23

Number of pages: 32 Posted: 08 Oct 2008 Last Revised: 05 Aug 2009

Suleyman Basak and Hongjun Yan

London Business School and DePaul University

Downloads 996 (24,341)

Abstract:

Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion

CEPR Discussion Paper No. DP7398

Number of pages: 34 Posted: 08 Sep 2009

Suleyman Basak and Hongjun Yan

London Business School and DePaul University

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Citation 2

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2.

Reputation Concerns and Slow-Moving Capital

AFA 2011 Denver Meetings Paper, Yale ICF Working Paper No. 08-26

Number of pages: 40 Posted: 30 Oct 2008 Last Revised: 14 Sep 2020

Steven G. Malliaris and Hongjun Yan

University of Georgia - Department of Banking and Finance and DePaul University

Downloads 1,324 (16,150)

Citation 27

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3.

Uncertainty and Valuations

Yale ICF Working Paper No. 09-06

Number of pages: 41 Posted: 23 Mar 2009 Last Revised: 06 Sep 2012

Martijn Cremers and Hongjun Yan

University of Notre Dame and DePaul University

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Citation 4

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4.

Financial Innovation and Investor Behavior: Evidence from the ETF Market

Number of pages: 37 Posted: 16 Mar 2012 Last Revised: 02 Jul 2020

Wenxi Jiang, Yaqing Xiao and Hongjun Yan

CUHK Business School, The Chinese University of Hong Kong, Capital University of Economics and Business and DePaul University

Downloads 995 (24,779)

Citation 4

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5.

Natural Selection in Financial Markets: Does it Work?

Yale ICF Working Paper No. 08-01

Number of pages: 38 Posted: 15 Jan 2008

Hongjun Yan

DePaul University

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Citation 35

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6.

Heterogeneous Expectations and Bond Markets

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Citation 93

2

Heterogeneous Expectations and Bond Markets

Review of Financial Studies, Forthcoming, Yale ICF Working Paper No. 06-35

Number of pages: 40 Posted: 03 Jan 2007 Last Revised: 11 Nov 2010

Hongjun Yan and Wei Xiong

DePaul University and Princeton University - Department of Economics

Downloads 737 (37,149)

Citation 1

Abstract:

Heterogeneous Expectations and Bond Markets

NBER Working Paper No. w12781

Number of pages: 52 Posted: 23 Dec 2006 Last Revised: 18 May 2007

Hongjun Yan and Wei Xiong

DePaul University and Princeton University - Department of Economics

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Citation 21

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7.

Is Noise Trading Cancelled Out by Aggregation?

Yale ICF Working Paper No. 08-10, AFA 2009 San Francisco Meetings Paper

Number of pages: 38 Posted: 25 Mar 2008 Last Revised: 08 Feb 2010

Hongjun Yan

DePaul University

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8.

The Behavior of Individual and Aggregate Stock Prices

Number of pages: 39 Posted: 12 Jan 2004

Hongjun Yan

DePaul University

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Citation 4

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9.

Anticipated and Repeated Shocks in Liquid Markets

Number of pages: 38 Posted: 15 Aug 2010 Last Revised: 03 May 2013

Dong Lou, Hongjun Yan and Jinfan Zhang

London School of Economics & Political Science (LSE), DePaul University and International Monetary Fund

Downloads 556 (54,609)

Citation 12

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10.

Anomaly Discovery and Arbitrage Trading

Number of pages: 56 Posted: 02 May 2014 Last Revised: 05 Oct 2020

Xi Dong, Qi Liu, Lei Lu, Bo Sun and Hongjun Yan

City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, Peking University - Department of Finance, Asper School of Business, University of Manitoba, Board of Governors of the Federal Reserve System - Division of International Finance and DePaul University

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Citation 4

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11.

Disagreement Beta

Journal of Monetary Economics, Forthcoming

Number of pages: 42 Posted: 17 Jun 2016 Last Revised: 07 Oct 2018

George Gao, Xiaomeng Lu, Zhaogang Song and Hongjun Yan

T. Rowe Price, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Johns Hopkins University - Carey Business School and DePaul University

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Citation 3

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12.

What Does Stock Ownership Breadth Measure?

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Citation 9

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What Does Stock Ownership Breadth Measure?

Number of pages: 48 Posted: 18 Mar 2010 Last Revised: 04 Jul 2012

James J. Choi, Li Jin and Hongjun Yan

Yale School of Management, Harvard Business School - Finance Unit and DePaul University

Downloads 400 (81,060)

Abstract:

What Does Stock Ownership Breadth Measure?

NBER Working Paper No. w16591

Number of pages: 49 Posted: 13 Dec 2010

James J. Choi, Li Jin and Hongjun Yan

Yale School of Management, Harvard Business School - Finance Unit and DePaul University

Downloads 29 (536,363)

Citation 5

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13.

Collateral-Motivated Financial Innovation

Number of pages: 50 Posted: 08 Mar 2012 Last Revised: 16 Aug 2014

Ji Shen, Hongjun Yan and Jinfan Zhang

London School of Economics & Political Science (LSE), DePaul University and International Monetary Fund

Downloads 422 (76,818)

Citation 6

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14.

Financial Intermediation Chains in an OTC Market

Management Science, Forthcoming

Number of pages: 49 Posted: 14 Mar 2015 Last Revised: 27 Apr 2020

Ji Shen, Bin Wei and Hongjun Yan

London School of Economics & Political Science (LSE), Federal Reserve Bank of Atlanta and DePaul University

Downloads 363 (91,495)

Citation 6

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15.

Funding Liquidity Shocks in a Quasi-Experiment: Evidence from the CDS Big Bang

Journal of Financial Economics (JFE), Forthcoming

Number of pages: 45 Posted: 12 Feb 2016 Last Revised: 11 May 2020

Xinjie Wang, Yangru Wu, Hongjun Yan and Zhaodong Zhong

Southern University of Science and Technology, Rutgers University, Newark - School of Business - Department of Finance & Economics, DePaul University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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Citation 2

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16.

Informed Trading and Expected Returns

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Citation 1

2

Informed Trading and Expected Returns

Number of pages: 46 Posted: 17 Jan 2013 Last Revised: 25 Jan 2016

James J. Choi, Li Jin and Hongjun Yan

Yale School of Management, Peking University - Department of Finance and DePaul University

Downloads 299 (112,876)

Citation 1

Abstract:

Informed Trading and Expected Returns

NBER Working Paper No. w18680

Number of pages: 47 Posted: 05 Jan 2013 Last Revised: 17 Jan 2013

James J. Choi, Li Jin, Li Jin and Hongjun Yan

Yale School of Management, University of Oxford - Said Business School, Peking University - Department of Finance and DePaul University

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17.

User Interface and First-hand Experience in Retail Investing

Kelley School of Business Research Paper No. 18-54

Number of pages: 53 Posted: 20 Jun 2018 Last Revised: 28 May 2020

Li Liao, Zhengwei Wang, Jia Xiang, Hongjun Yan and Jun Yang

Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, DePaul University and Indiana University - Kelley School of Business - Department of Finance

Downloads 300 (113,531)

Citation 1

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18.

A Model of Anomaly Discovery

FRB International Finance Discussion Paper No. 1128

Number of pages: 52 Posted: 10 May 2015

Liu Qu, Lei Lu, Bo Sun and Hongjun Yan

Independent, Asper School of Business, University of Manitoba, Board of Governors of the Federal Reserve System - Division of International Finance and DePaul University

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19.

Global Perspective or Local Knowledge: The Macro-Information in the Sovereign CDS Market

Number of pages: 63 Posted: 13 Feb 2017 Last Revised: 01 Jul 2020

Yaqing Xiao, Hongjun Yan and Jinfan Zhang

Capital University of Economics and Business, DePaul University and International Monetary Fund

Downloads 241 (141,911)

Citation 1

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20.

A Search Model of the Aggregate Demand for Safe and Liquid Assets

Number of pages: 38 Posted: 26 Jan 2014 Last Revised: 11 May 2015

Ji Shen and Hongjun Yan

London School of Economics & Political Science (LSE) and DePaul University

Downloads 175 (190,873)

Citation 5

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21.

Personality Differences and Investment Decision-Making

Number of pages: 46 Posted: 03 Jun 2020 Last Revised: 21 Aug 2020

Zhengyang Jiang, Cameron Peng and Hongjun Yan

Kellogg School of Management - Department of Finance, London School of Economics & Political Science (LSE) - Department of Finance and DePaul University

Downloads 170 (196,710)

Citation 1

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22.

When FinTech Meets Privacy: The Consequence of Personal Information Misuse in Debt Collection

Number of pages: 45 Posted: 09 Jul 2019 Last Revised: 17 Apr 2020

Li Liao, Zhengwei Wang, Hongjun Yan and Congyi Zhou

Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, DePaul University and Tsinghua University - PBC School of Finance

Downloads 120 (260,621)

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23.

The Indirect Effects of Trading Restrictions

Number of pages: 46 Posted: 04 Mar 2019 Last Revised: 14 May 2020

Shujing Wang, Hongjun Yan, Ninghua Zhong and Yizhou Tang

Tongji University, DePaul University, Tong Ji University - School of Economics and Management and Tongji University

Downloads 73 (356,511)

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24.

Under-reaction in the Sovereign CDS Market

Number of pages: 37 Posted: 14 May 2019

Yaqing Xiao, Hongjun Yan and Jinfan Zhang

Capital University of Economics and Business, DePaul University and International Monetary Fund

Downloads 51 (425,783)

Citation 1

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25.

Financial Intermediation Chains in an OTC Market

FRB Atlanta Working Paper No. 2018-15

Number of pages: 66 Posted: 04 Feb 2019 Last Revised: 29 Apr 2020

Ji Shen, Bin Wei and Hongjun Yan

Peking University, Federal Reserve Bank of Atlanta and DePaul University

Downloads 48 (436,961)

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26.

In the Shadows of the Government: Relationship Building during Political Turnovers

Downloads 36 (452,761)

1

In the Shadows of the Government: Relationship Building during Political Turnovers

Number of pages: 51 Posted: 15 Dec 2018 Last Revised: 05 Oct 2020

Hanming Fang, Zhe Li, Nianhang Xu and Hongjun Yan

University of Pennsylvania - Department of Economics, Central University of Finance and Economics, Renmin University of China - School of Business and DePaul University

Downloads 36 (498,477)

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27.

Biases in CDS Spreads after the CDS Big Bang

Journal of Fixed Income, Forthcoming

Posted: 05 Feb 2020 Last Revised: 27 Feb 2020

Xinjie Wang, Hongjun Yan and Zhaodong Zhong

Southern University of Science and Technology, DePaul University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

Hongjun Yan

DePaul University

Richard H. Driehaus Chair in Behavioral Finance

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Scholarly Papers (27)

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Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion

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