Tests of Mean-Variance Spanning'',Raymond Kan and Guofu Zhou, Annals of Economics and Finance 13, 2012, 145-193

"Financing firms in India'', Franklin Allena, Rajesh Chakrabartib, Sankar Dec, Jun Qian , Meijun Qiane, Journal of Financial Intermediation Volume 21, Issue 3, July 2012, Pages 409–445

''CEO Pay Cuts and Forced Turnover: Their Causes and Consequences'', Gao, H., J. Harford, and K. Li, Journal of Corporate Finance 18, 291-310

''Red and blue investing: Values and finance'', Harrison Hong, Leonard Kostovetsky, Journal of Financial Economics Volume 103, Issue 1, January 2012, Pages 1–19

''Do arbitrageurs amplify economic shocks? ",Jeffrey D. Kubik, Harrison Hong, Tal Fishmanc, Journal of Financial Economics Volume 103, Issue 3, March 2012, Pages 454–470

''Trust and Delegation'', Stephen Brown, Will Goetzmann, and Chris Schwarz, Journal of Financial Economics 103, 221-234

''The Road Less Traveled: Strategy Distinctiveness and Hedge Fund Performance'', Zheng Sun, Ashley Wang, and Lu Zheng, Rev. Financ. Stud. (2012) 25(1): 96-143

''Asymptotic Optimality of Balanced Routing'', Hong Chen and Hengqing Ye, Operations Research January/February 2012 vol. 60 no. 1 163-179

''Ambiguity, Learning, and Asset Returns'', Nengjiu Ju and Jianjun Miao, Econometrica, 80, 559-591, 2012

Global, Local, and Contagious Investor Sentiment (with Malcolm Baker and Jeff Wurgler), Journal of Financial Economics 104, May 2012, pp 272-287.

The Short of It: Investor Sentiment and Anomalies (with Rob Stambaugh and Jianfeng Yu), Journal of Financial Economics 104, May 2012, pp 288-302. AQR Insight Award, Honorable Mentions; Marshall Blume Prize, Honorable Mentions.

Risk, uncertainty, and option exercise, Jianjun Miao and Neng Wang, Journal of Economic Dynamics and Control, 35(4), 442-461, (2011)

A unified theory of Tobin’s q, corporate investment, financing, and risk management, Patrick Bolton, Hui Chen, Neng Wang, Journal of Finance, 66(5), 1545-1578, (2011)

Do time-varying risk premiums explain labor market performance? Long Chena, Lu Zhang, Journal of Financial Economics 99(2011)385–399

Value versus Growth: Time-Varying Expected Stock Returns, Huseyin Gulen, Yuhang Xing,  Lu Zhang, Financial Management,2011, 40 (2), 381-407

Markowitz Meets Talmud: A Combination of Sophisticated and Naive Diversification Strategies, Jun Tu, Yingzi Zhu, Journal of Financial Economics 99, 2011, 204--215

How Predictable Is the Chinese Stock Market? Jiang Fuwei, David Rapach, Jack Strauss, Jun Tu, Guofu Zhou, Journal of Financial Research 9, 2011, 107-121

Fear of the Unknown: Familiarity and Economic Decisions, H. Henry Cao, Bing Han, David Hirshleifer, Harold H. Zhang, Review of Finance (2011) 15 (1): 173-206

Credit Ratings and the Evolution of the Mortgage-Backed Securities Market, He, Jie; Qian, Jun; Strahan, Philip E., The American Economic Review, Volume 101, Number 3, May 2011 , pp. 131-135(5)

The Illiquidity of Corporate Bonds, Jack Bao, Jun Pan, and Jiang Wang, The Journal of Finance Volume 66, Issue 3, pages 911–946

How Sovereign is Sovereign Credit Risk? Francis A. Longstaff, Jun Pan, Lasse H. Pedersen, Kenneth J. Singleton, American Economic Journal: Macroeconomics, volume 3, pages 75--103, 2011

Illiquidity, Position Limits, and Optimal Investment for Mutual Funds, M. Dai, H. Jin, Hong Liu, Journal of Economic Theory 146, 1598-1630

Verification Theorems for Models of Optimal Consumption and Investment with Retirement and Constrained Borrowing, Philip H. Dybvig, Hong Liu, Mathematics of Operations Research 36, 620-635

Hedge Funds and Chapter 11, Jiang, W., K. Li, and W. Wang, Journal of Finance 67, 513-559

National Culture and Capital Structure Decisions: Evidence from Foreign Joint Ventures in China, Li, K., D. Griffin, H. Yue, and L. Zhao, Journal of International Business Studies 42, 477-503

Institutional Cross-Holdings and Their Effects on Acquisition Decisions, Harford, J., D. Jenter, and K. Li, Journal of Financial Economics 99, 27-39

Corporate Lobbying and Fraud Detection, Frank Yu, Xiaoyun Yu, Journal of Financial and Quantitative Analysis December 2011 46 : pp 1865-1891

Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China, Li, K., T. Wang, Y.-L. Cheung, and P. Jiang, Review of Financial Studies 24, 2499-2525

The Good or the Bad? Which Mutual Fund Managers Join Hedge Funds, Prachi Deuskar, Joshua M. Pollet, Z. Jay  and Lu ZhengWang, Rev. Financ. Stud. (2011) 24(9): 3008-3024

International Patterns of Ownership Structure Choices for Startups: Does the Quality of Law Matter? Qianqian Du, Ilan Vertinsky, Small Business Economics: Volume 37, Issue 2 (2011), pp. 235-254

Financial Distress and the Cross Section of Equity Returns, Lorenzo Garlappi, Hong Yan, The Journal  of Finance; Volume 66, Issue 3, pages 789–822, June 2011

Does a Bayesian Approach Generate Robust Forecasts? Evidence from Applications in Portfolio Investment Decisions, Chih-ling Tsai, Hansheng, Wang, Ning Zhu, Annals of the Institute of Statistical Mathematics. Volume (Year): 62 (2010)

Methods in diffusion approximation for multi-server systems: sandwich, uniform attraction and state-space collapse” in Queueing, Hong Chen and Heng-Qing Ye, International Series in Operations Research & Management Science, 2011, Volume 154, 489-530

Pricing Credit Default Swaps with Option-Implied Volatility, Charles Cao , Fan Yu and Zhaodong Zhong, Financial Analysts Journal, Vol. 67, No. 4, 2011

Social Efficiency Benchmarking of Japanese Domestic Transport Services: A Comparison of Rail and Air, Ha, H.K., Y. Yoshida and A. Zhang, Transportation Research Part D: Transport and Environment, Volume 16, Issue 7, October 2011, Pages 554–561

Unilateral Regulation and Greenhouse Gas Emissions: The Case of the Airline Industry, Yuen, A. and A. Zhang, Transportation Research Part D: Transport and Environment, Vol. 16, pp. 540-546

Price-cap Regulation of Congested Airports, Yang, H. and A. Zhang, Journal of Regulatory Economics (2011), Vol. 39, pp. 293-312

Airport Congestion Pricing and Passenger Types, Czerny, A.I. and A. Zhang, Transportation Research Part B (Methodological), Vol. 45, pp. 595-604

Airport Congestion Pricing and its Welfare Implications: The Case of Variable Passenger Time Costs, Yuen, A. and A. Zhang, Pacific Economic Review, Vol. 16, pp. 83-102

股指期货不同推出方式对股票市场的影响, 涂志勇，郭明, 南方经济，2010 ,28,47-59

Information Footholds: Expatriate Analysts in an Emerging Market, Charles Chang, Journal of International Money and Finance Volume 29, Issue 6, October 2010

Modifying the LMM to Price Constant Maturity Swaps, Songnan Chen, T. P. Wu, Journal of Derivatives, Winter 2010, 20~32

Pricing interest Rate Guarantee Embedded in Defined Contribution Pension Plan under the Libor Market Model, Songnan Chen, T. Hsieh, Journal of Financial Studies，June 2010, 27~64

Explaining the Implied Volatility skew from Rational Speculation Perspective: Calibration on the Taiwan Stock Index Option, Songnan Chen, Journal of Futures and Options (台湾)，November 2010,1~33

valuation of CMS Spread Options with Nonzero Strike, Journal of Derivatives, Ting-Pin Wu, Son-Nan Chen, The Journal of Derivatives Fall 2011, Vol. 19, No. 1: pp. 41-55

Market Conditions, Default Risk and Credit Spreads, Hong Yan, Journal of Banking & Finance, Volume 34, Issue 4, April 2010, Pages 743 –753

Information from Relationship Lending: Evidence from Loan Defaults in China, Chun Chang ,Guanmin Liao, and Zheng Ni, Journal of Financial and Quantitative Analysis, European Banking Center Discussion Paper No. 2009-10S CentER Discussion Paper Series No. 2009-39S

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure, Chun Chang and Xiaoyun Yu, Journal of Comparative Economics, Vol. 31, No. 3, pp. 387-594, September 2003

Bookbuilding Vs. Fixed Price Revisited: The Effect of Aftermarket Trading, Walid Y. Busaba and Chun Chang, Journal of Corporate Finance Volume 16, Issue 3, June 2010, Pages 370–381

Accounting Rules? Stock Buybacks and Stock Options: Additional Evidence, Paul A. Griffin and Ning Zhu, Journal of Contemporary Accounting & Economics (JCAE), Vol. 6, No. 1, pp. 1-17, June 2010, UC Davis

Prior Consequences and Subsequent Risk Taking: New Field Evidence from the Taiwan Futures Exchange, Yu-Jane Liu, Chih-Ling Tsai, Ming-Chun Wang, Ning Zhu, Management Science April 2010 vol. 56 no. 4 606-620

Individual Investors and Local Bias, Ning Zhu, Mark Seasholes, and Local Bias, Journal of Finance, 65-5, 1987-2010

Household Consumption and Personal Bankruptcy, Ning Zhu, The Journal of Legal Studies. Volume (Year): 40 (2011) Issue (Month): 10 Pages: 1 - 37

Saving your Home in Chapter 13 Bankruptcy, Michelle White and Ning Zhu, Journal of Legal Studies. 2010 39:1, 33-61

Optimal Control and Equilibrium Behavior of Production-Inventory Systems, Owen Q. Wu and Hong Chen, Management Science August 2010 vol. 56 no. 8 1362-1379

On the benefit of Inventory-based dynamic pricing strategies, Hong Chen, Owen Q. Wu and David D. Yao, Production and Operations Management Vol. 19, No. 3, May–June 2010, pp. 249–260

Air Transport Liberalization and its Impacts on Airline Competition and Air Passenger Traffic, Fu, X., T.H. Oum and A. Zhang, Transportation Journal, Fall 2010, Vol. 49, No. 4, pp.24-41

Comparative Analysis of Efficiency for Major Northeast Asia Airports, Ha, H., Y. Yoshida and A. Zhang, Transportation Journal, Fall 2010, Vol. 49, No. 4, pp. 9-23

Airline Emission Charges: Effects on Airfares, Service Quality, and Aircraft Design, Brueckner, J.K. and A. Zhang, Transportation Research Part B (Methodological), Vol. 44, pp. 960-971

Revenue Sharing with Multiple Airlines and Airports, Zhang, A., X. Fu and H. Yang, Transportation Research Part B (Methodological), Vol. 44, pp. 944-959

Pricing vs. Slot Policies When Airport Profits Matter, Basso, L. and A. Zhang, Transportation Research Part B (Methodological), Vol. 44, pp. 381-391

Airport Capacity and Congestion Pricing with both Aeronautical and Commercial Operations, Zhang, A and Y. Zhang, Transportation Research Part B (Methodological), Vol. 44, pp. 404-413

Effects of Airport Concession Revenue Sharing on Competition and Social Welfare, Fu, X. and A. Zhang, Journal of Transport Economics and Policy, Vol. 44, Part 2, pp. 119-138

An Efficiency Study of Airlines and Air Cargo/Passenger Divisions: A DEA Approach, Hong, S. and A. Zhang, World Review of Intermodal Transportation Research, Vol. 3, pp. 137-149

Information, Expected Utility, and Portfolio Choice, Jun Liu, Ehud Peleg, and Avanidhar Subrahmanyam, Journal of Financial and Quantitative Analysis , 45 : pp 1221-1251

Entrepreneurial finance and non-diversifiable risk, Hui Chen, Jianjun Miao, Neng Wang, Review of Financial Studies, 23 (12), 4348-88, (2010)

The q-Theory Approach to Understanding the Accrual Anomaly, Jinwu and X. Frank Zhang, Journal of Accounting Research Vol. 48 No. 1 March 2010

Does q- theory with investment frictions explain anomalies in thecross section of returns? Zhang Lu, Dongmei Li, Journalof Financial Economics 98 (2010) 297–314

Is the Recent Financial Crisis Really a `Once-in-a-century' Event? Zhou, Guofu, Yingzi Zhu, Financial Analysts Journal 66 (1), 2010, 24--27

Out-of-Sample Equity Premium Prediction: Combination Forecasts and Links to the Real Economy, Zhou, Guofu, David Rapach and Jack Strauss, Review of Financial Studies 23, 2010, 821--862

Limited Participation, Consumption, and Saving Puzzles: A Simple Explanation and the Role of Insurance, Zhou, Guofu, Todd Gormley, Journal of Financial Economics 96, 2010, 331--344

Robust Portfolios: Contributions from Operations Research and Finance, Zhou, Guofu, Frank J. Fabozzi and Dashan Huang, Annals of Operations Research 176, 2010, 191--220

How much predictability should we expect given an asset pricing model? Zhou Guofu, Economics Letters 108, 2010, 184--186

Incorporating Economic Objectives into Bayesian Priors: Portfolio Choice Under Parameter Uncertainty,

Zhou Guofu, Jun Tu, Journal of Financial and Quantitative Analysis 45, 2010, 959--986

Bayesian Portfolio Analysis, Zhou Guofu, Doron Avramov, Annual Review of Financial Economics 2, 2010, 25--47

Cross Sectional Asset Pricing Tests, Zhou Guofu, Ravi Jagannathan and Ernst Schaumburg, Annual Review of Financial Economics 2, 2010, 49--74

Stock Returns and the Volatility of Liquidity, Jo˜ao Pedro Pereira and Harold H. Zhang, Journal of Financial and Quantitative Analysis Vol. 45, No. 4, Aug. 2010, pp. 1077–1110

Life Time Consumption and Investment: Retirement and Constrained Borrowing, Liu Hong, Philip H. Dybvig, Journal of Economic Theory 145, 2010, 885-907

Limited Participation and Consumption-Saving Puzzles: A Simple Explanation and the Role of Insurance, Liu Hong, Todd Gormley, Journal of Financial Economics 96, 2010, 331-344

Corporate Fraud and Business Conditions: Evidence from IPOs, TRACY YUE WANG, ANDREW WINTON, XIAOYUN YU, The Journal of Finance, Volume 65, Issue 6, pages 2255–2292, December 2010

Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure, Chang, Chun, and Xiaoyun Yu, Journal of Financial and Quantitative Analysis 45, 401‐440

On the Dynamics of Hedge Fund Strategies, Liang Bing, Li Cai, The Journal of Alternative Investments Spring 2012, Vol. 14, No. 4: pp. 51-68

Predicting Hedge Fund Failure: A Comparison of Risk Measures, Liang Bing, Hyuna Park, Journal of Financial and Quantitative Analysis 45, 199-222

When Shareholders Are Creditors: Effects of the Simultaneous Holding of Equity and Debt by Non-Commercial Banking Institutions, Jiang, W., K. Li, and P. Shao, Review of Financial Studies 23, 3595-3637

Deal or No Deal: Hormones and the Mergers and Acquisitions Game, Levi, M., K. Li, and F. Zhang, Management Science 56, 1462-1483

Competition and Bias, Harrison Hong and Marcin Kacperczyk, The Quarterly Journal of Economics (2010) 125 (4): 1683-1725

Market liquidity, asset prices, and welfare, Jennifer Huang,Jiang Wang, Journal of Financial Economics Volume 95, Issue 1, January 2010, Pages 107–127

Side-by-Side Management of Hedge Funds and Mutual Funds, Zheng Lu, Tom Nohel and Zhi Wang, The Review of Financial Studies, 23(6), 2342-2373

To Hedge or Not to Hedge: Revenue Management and Exchange Rate Risk, Charles Chang, Cornell Hospitality Quarterly August 2009 vol. 50 no. 3 301-313

IPO Under-pricing in the Hospitality Industry: A Necessary Evil? Charles Chang, Linda Canina, and Scott Gibson, Journal of Hospitality Financial Management, Vol. 16 (2008) ,Iss. 2

Operational Hedging and Exchange Rate Risk: A Cross-sectional Examination of Canada's Hotel Industry, Charles Chang and Liya Ma, Cornell Hospitality Reports, Vol 9 No 15

Do investors learn about analyst accuracy? A study of the oil futures market? Charles Chang, Hazem Daouk, and Albert Wang, Journal of Futures Markets Volume 29, Issue 5, pages 414–429, May 2009

Put Your Money Where Your Mouth Is: Do Financial Firms Follow Their Own Recommendations? Charles Chang, Albert Wang, and Kin Wai Chan, The Quarterly Review of Economics and Finance Volume 49, Issue 3, August 2009, Pages 1095–1112

Estimation Uncertainty and the Equity Premium, Hong Yan, International Review of Finance, Volume 9, Issue 3, pages 243–268, September 2009

Do Retail Trades Move Markets? Brad M. Barber, Terrance Odean and Ning Zhu, The Review of Financial Studies, Vol. 22, No. 1, pp. 151-186, 2009

Dynamic Capacity Expansion for a Service Firm with Capacity Deterioration and Supply Uncertainty, Xiuli Chao, Hong Chen and Shaohui Zheng, Operations Research, January/February 2009 vol. 57 no.1 82—93

联想的双模式之道, 陈宏、童春阳、白立新, 《商业评论》2009年第1期，126—139

迈向敏感型供应链, 陈宏、秦亮娟、石新弘, 《商业评论》2009年第6期，150—159

The Market for Corporate Control and the Cost of Debt, Fan Yu and Jiaping Qiu, Journal of Financial Economics 93(3), 505-524

Optimal Baggage Limit Policy: Airline Passenger and Cargo Allocation, Wong, W., A. Zhang, YV Hui and L. Leung, Transportation Science, Vol. 43, No. 3, pp. 355-369

Effects of Competition and Policy Changes on Chinese Airport Productivity: An Empirical Investigation, Yuen, A. and A. Zhang, Journal of Air Transport Management, Vol. 15, pp. 166-174

Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets, Clougherty, J. and A. Zhang, Canadian Journal of Economics, Vol. 42, pp. 440-468

Evaluating Competitiveness of Air Cargo Express Services, Park, Y., J.K. Choi and A. Zhang, Transportation Research, E (Logistics), Vol. 45, pp. 321-334

Does Asymmetric Information Drive CapitalStructure Decisions? GuoJun Wu, Sreedhar Bharath, and Paolo Pasquariello, Review of Financial Studies 22 (2009) 3211-3243

On the Relation between Expected Returns and Implied Cost of Capi, John Huhges and Jing Liu, Review of Accounting Studies, v14, n2-3, 246-259, June/September, 2009

Dynamic agency and the q theory of investment, Peter DeMarzo, Michael Fishman, Zhiguo He, Neng Wang, Journal of Finance

Agency conflicts, investment, and asset pricing, Rui Albuquerque, Neng Wang, Journal of Finance, 63(1), 1-40, (2008)

Momentum profits, factor pricing, and macroeconomic risk, Zhang Lu, Liu, Review of Financial Studies, 21 (6), 2417-2448

The new issues puzzle: Testing the investment-based explanation, Zhang Lu, Lyandres and Sun, Review of Financial Studies 21 (6), 2825-2855

Is the value spread a useful predictor of returns? Zhang Lu, Liu, Journal of Financial Markets 11 (3), 199-227

Expected returns, yield spreads, and asset pricing tests, Zhang Lu, Campello and Chen, Review of Financial Studies 21 (3), 1297-1338

The expected value premium, Zhang Lu, Chen and Petkova, Journal of Financial Economics 87 (2), 269-280

On the Fundamental Law of Active Portfolio Management: How to Make Conditional Investments Unconditionally Optimal? Guofu Zhou, Journal of Portfolio Management 35 (1), 2008, 12--21

On the Fundamental Law of Active Portfolio Management: What Happens if Our Estimates Are Wrong? Guofu Zhou, Journal of Portfolio Management 34 (4), 2008, 26--33

Capital Gains Taxes and Asset Prices: Capitalization or Lock-in? Zhonglan Dai, Edward Maydew, Douglas A. Shackelford, and Harold H. Zhang, Journal of Finance, 63, 709-742, 2008

Default and Recovery Implicit in the Term Structure of Sovereign CDS Spreads, Kenneth Singleton, Journal of Finance , volume 63, pages 2345--2384, 2008

Volatility Information Trading in the Option Market, Pan Jun, Sophie Ni and Allen Poteshman, Journal of Finance , volume 63, pages 1059--1091, 2008

The Causes and Consequences of Recent Financial Market Bubbles: An Introduction, Bhattacharya, Utpal, and Xiaoyun Yu, Review of Financial Studies 21, 3‐10

On the Anticipation of IPO Underpricing: Evidence from Equity Carve‐outs, Benveniste, Lawrence, Huijing Fu, Paul Seguin, and Xiaoyun Yu, Journal of Corporate Finance 14, 614‐629

Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration, Liang Bing, Stephen Brown, Will Goetzmann, and Chris Schwarz, Journal of Finance 63, 2785-2815

Do Voting Rights Affect Institutional Investment Decisions?Evidence from Dual-Class Firms, Li, K., H. Ortiz-Molina, and X. Zhao, Financial Management 37, 713-745

Asymmetric Information and Dividend Policy, Li, K., and X. Zhao, Financial Management 37, 673-694

Corporate Boards and the Leverage and Debt Maturity Choices, Harford, J., K. Li, and X. Zhao, International Journal of Corporate Governance 1, 3-27

Firms as Buyers of Last Resort, Hong Harrison, Jiang Wang and Jialin Yu, Journal of Financial Economics 88 (2008), 119-145

Advisors and Asset Prices: A Model of the Origins of Bubbles, Jose Scheinkman and Wei Xiong, Journal of Financial Economics 89 (2008), 268-287

The Only Game in Town: The Stock Price Consequences of Local Bias, Jeffrey D. Kubik and Jeremy C. Stein, Journal of Financial Economics 90 (2008), 20-37

Robust Stochastic Discount Factors, Phelim Boyle, Shui Feng, Weidong Tian, and Tan Wang, Rev. Financ. Stud. (2008) 21 (3): 1077-1122

Venture-Capital Investment in Minority Business, Timothy Bates, William D. Bradford, Journal of Money, Credit and Banking, Vol. 40, No. 2/3 (Mar. - Apr., 2008), pp. 489-504

Board Size and the Variability of Corporate Performance, Shijun Cheng, Journal of Financial Economics, 2008, vol. 87, issue 1, pages 157-176

Unobesrved Actions of Mutual Funds, Marcin Kacperczyk and Clemens Sialm, The Review of Financial Studies, 21, 2379-2416

股指期货的推出对现货市场价格的影响, 涂志勇，郭明, 金融研究，2008（10）

Trading Imbalances, Predictable Reversals, and Cross-stock Price Pressure, Charles Chang, Sandro Andrade, and Mark Seasholes, Journal of Financial Economics Volume 88, Issue 2, May 2008, Pages 406–423

ESO Compensation: The Roles of Default Risk and Over-Confidence, Charles Chang, Cheng-der Fuh, and Ya-hui Hsu, Journal of Corporate Finance Volume 14, Issue 5, December 2008, Pages 630–641

Default Risk, Shareholder Advantage, and Stock Returns, Lorenzo Garlappi, Tao Shu, Hong Yan, Review of Financial Studies (2008) 21 (6) pages 2743-2778

Low Cost Carriers in Asia: Deregulation, Regional Liberalization and Secondary Airports, Zhang, A., S. Hanaoka, H. Inamura and T. Ishikura, Research in Transportation Economics, Vol. 24, pp. 36-50

Comments on Prospects for Urban Road Pricing in Canada, A. Zhang, Brookings-Wharton Papers on Urban Affairs, pp. 271-280

On the Relationship between Airport Pricing Models, Basso, L. and A. Zhang, Transportation Research Part B (Methodological), Vol. 42, pp. 725-735

Effects of Gateway Congestion Pricing on Optimal Road Pricing and Hinterland, Yuen, A., L. Basso and A. Zhang, Journal of Transport Economics and Policy, Vol. 42, pp. 495-526

Airline Seat Allocation Competition, Li, M.Z.F., A. Zhang and Y. Zhang, International Transactions in Operational Research, Vol. 15, pp. 439-459

Sequential Peak-Load Pricing in a Vertical Setting: The Case of Airports and Airlines, Basso, L. and A. Zhang, Canadian Journal of Economics, Vol. 41, pp. 1087-1119

Debt Policy, Corporate Taxes, and Discount Rates, Mark Grinblatt and Jun Liu, Journal of Economic Theory, v141, n1, 225-254, July 2008

The Impact of Foreign Portfolio Flows on Volatility in Emerging Markets: Evidence from Thailand, Pantisa Pavabutr, Hong Yan, Australian Journal of Management December 2007 vol. 32 no. 2, pages 345-368

Conflicts of Interest in Sell-side Research and the Moderating Role of Institutional Investors, Alexander Ljungqvist, Felicia Marston, Laura Starks,Kelsey Wei, Hong Yan, Journal of Financial Economics, 85, pages 420-456, 2007

Participation Costs and the Sensitivity of Fund Flows to Past Performance, Jennifer Huang, Kelsey Wei, Hong Yan, Journal of Finance, 62, pages 1273 – 1311, 2007

Investment Opportunities, Liquidity Premium and Conglomerate Mergers, Chun Chang, Journal of Business, Vol. 77, No. 1, 2004

Efficiency and the Bear: Short Sales and Markets around the World, Arturo Bris , William N. Goetzmann and Ning Zhu, The Journal of Finance Volume 62, Issue 3, pages 1029–1079, June 2007

China and the World Financial Markets 1870-1939: Modern Lessons from Historical Globalization, Andrey Ukhov , William N. Goetzmann and Ning Zhu, Economic History Review, Vol. 60, No. 2, pp. 267-312, May 2007

Correlated Defaults in Intensity-Based Models, Fan Yu, Mathematical Finance, Vol. 17, No. 2, pp. 155-173, April 2007

Risk and Return in Fixed Income Arbitrage: Nickels in Front of a Steamroller? Fan Yu and Jefferson Duarte and Francis Longstaff, Review of Financial Studies 20(3), 769-811

Strategic Trade and Transport Policies with Congestible Facilities, Yuen, A. and A. Zhang, Asia Pacific Journal of Accounting and Economics, Vol. 14, pp. 235-257

Congestible Facility Rivalry in Vertical Structures, Basso, L. and A. Zhang, Journal of Urban Economics, Vol. 61, pp. 218-237

Intermodal Alliance and Rivalry of Transport Chains: The Air Cargo Market, Zhang, A., C. Lang, YV Hui and L. Leung, Transportation Research, E (Logistics), Vol. 43, pp. 234-246

Predictable Behavior, Profits, and Attention, GuoJun Wu and Mark Seasholes, Journal of Empirical Finance 14 (2007) 590–610

An Analysis of Risk for Defaultable Bond Portfolios, GuoJun Wu, Hongtao Guo, and Zhijie Xiao, Journal of Risk Finance, 8, 166-185

Information, Diversification, and Asset Pricing, John Hughes, Jing Liu and Jun Liu, Accounting Review, v82, n3, 705-730, May, 2007

Portfolio Selection in Stochastic Environments, Jun Liu, Review of Financial Studies, v20, n1, 1-39, January, 2007

Investment, consumption, and hedging under incomplete markets, Jianjun Miao, Neng Wang, Journal of Financial Economics, 86(3), 608-642, (2007)

Investment under uncertainty and strategic debt service, Suresh Sundaresan, Neng Wang, American Economic Review Papers & Proceedings, 97 (2), 256-261, (2007)

An equilibrium model of wealth distribution, Nill, Neng Wang, Journal of Monetary Economics, 54 (7), 1882-1904, (2007)

Investment under uncertainty and time-inconsistent preferences, Steven Grenadier, Neng Wang, Journal of Financial Economics, 84 (1), 2-39, (2007)

Asymmetries in Stock Returns: Statistical Tests and Economic Evaluation, Zhou Guofu, Yongmiao Hong and Jun Tu, Review of Financial Studies 20, 2007, 1547--1581

Optimal Portfolio Choice with Parameter Uncertainty, Zhou Guofu, Raymond Kan, Journal of Financial and Quantitative Analysis 42, 2007, 621--656

Estimating and Testing Beta Pricing Models: Alternative Methods and Their Performance in Simulations, Zhou Guofu, Jay Shanken, Journal of Financial Economics 84, 2007, 40--86

How Law and Institutions Shape Financial Contracts: The Case of Bank Loans, Qian Jun, Phil Strahan, Journal of Finance, 62 (6), 2803-2834

Liquidity Premia and Transaction Costs, Liu Hong, Bong-Gyu Jang, Hyeng Keun Koo, and Mark Loewenstein, Journal of Finance 62, 2007, 2329-2366

Rational Inattention and Portfolio Selection, Liu Hong, Lixin Huang, Journal of Finance 62, 2007, 1999-2040

Equilibrium Forward Contracts on Non-storable Commodities in the Presence of Market Power, Liu Hong, Lingxiu Dong, Operations Research 55, 2007, 128-145

Do Market Timing Hedge Funds Time the Markets? Liang Bing, Yong Chen, The Journal of Financial and Quantitative Analysis 42 (Invited), 827-856

Value at Risk and the Cross-Section of Hedge Fund Returns, Turan Bali and Suleyman Gokcan, Journal of Banking and Finance 31 (Invited), 1135-1166

Risk Measures for Hedge Funds, Hyuna Park, European Financial Management 13, 333-370

Monitoring: Which Institutions Matter? Chen, X., J. Harford, and K. Li, Journal of Financial Economics 86, 279-305

Decoupling CEO Wealth and Firm Performance: The Case of Acquiring CEOs, Harford, J., and K. Li, Journal of Finance 62, 917-949

The Growth in Equity Market Size and Trading Activity: An International Study, Nill and K. Li, Journal of Empirical Finance 14, 59-90

The Information Content of Canadian Open Market Share Repurchase Announcements, Li, K., and W. McNally, Managerial Finance 33 (A Special Issue on Payout Policy), 65-80

Do Industries Lead Stock Markets? Hong Harrison, Walter Torous and Rossen Valkanov, Journal of Financial Economics 83 (2007), 367-396

Simple Forecasts and Paradigm Shifts, Hong Harrison, Jeremy C. Stein and Jialin Yu, Journal of Finance 62 (2007), 1207-1242

Disagreement and the Stock Marke, Hong Harrison, Jeremy C. Stein, Journal of Economic Perspectives 21 (2007), 109-128

Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach, Lorenzo Garlappi, Raman Uppal, and Tan Wang, Review of Financial Studies, Vol. 20, 2007, pp.41-81

Firms as Buyers of Last Resort: Financing Constraints, Stock Returns and Liquidity, H. Hong and J.L. Yu, Journal of Financial Economics, 2007

Distinguishing Economically from Legally Formal Firms: Targeting Business Support to Entrepreneurs in South Africa's Townships, William D. Bradford, Journal of Small Business Management, Vol. 45, No. 1, pp. 94-115, January 2007

Insider Trades and Private Information: The Special Case of Delayed-Disclosure Trades, Venky Nagar ,Madhav V. Rajan, The Review of Financial Studies, Vol. 20, Issue 6, pp. 1833-1864, 2007

Industry Concentration and Mutual Fund Performance, Marcin T. Kacperczyk and Clemens Sialm, The Journal of Investment Management, 5 (1)

Incentives and Performance in the Presence of Wealth Effects and Endogenous Risk, Ming Guo, Journal of Economic Theory, 2006，129,150-149

Macroeconomic Conditions, Firm Characteristics and Credit Spread Dynamics, Dragon Tang, Hong Yan, Journal of Financial Services Research, 29, pages 177 – 210, 2006

Deposit Insurance and Bank Regulation in a Monetary Economy: a General Equilibrium Exposition, Chun Chang, John Boyd, and Bruce Smith, RECENT DEVELOPMENTS ON MONEY AND FINANCE Studies in Economic Theory, 2006, Volume 24, 11-38, DOI: 10.1007/3-540-29500-3_2

Fourier Transformation and the Pricing of Average-Rate Derivatives, Nengjiu Ju and Rui Zhong, Review of Derivatives Research 9, 187-212, 2006

Estimation of Continuous-Time Models with an Application to Equity Volatility Dynamics, Nengjiu Ju, Gurdip Bakshi, and Hui Ou-Yang, Journal of Financial Economics 82, 227-249, 2006

Capital Structure, Debt Maturity, and Stochastic Interest Rates, Nengjiu Ju and Hui Ou-Yang, Journal of Business 79, 2469-2502, 2006

Correlated Default Risks and Bank Regulations, Nengjiu Ju, Andrew Chen, Sumon Mazumdar, and Avinash Verma, Journal of Money, Credit and Banking 38, 375-398, 2006

Airport Capacity and Congestion When Carriers Have Market Power, Zhang, A. and Y. Zhang, Journal of Urban Economics, Vol. 60, pp. 229-247

Rivalry between Strategic Alliance, Zhang, A. and Y. Zhang, International Journal of Industrial Organization, Vol. 24, pp. 287-301

A Model of Liberalization of Trade in Services, Wong, C., J. Wu and A. Zhang, Review of International Economics, Vol. 14, pp. 148-168

Financial Constraints Risk, Guojun Wu and Toni Whited, Review of Financial Studies, 19, 531-559

How Important Is Intertemporal Risk for Asset Allocation? GuoJun Wu and Bruno Gerard, Journal of Business, 79 (4), 2203-2241

Stock Market Manipulations, GuoJun Wu, Rajesh Aggarwal, Journal of Business, 79 (4), 1915-1953. -- First place winner of the best paper award – 2004 China

The Market Price of Risk in Interest Rate Swaps: The Roles of Default and Liquidity Risks, Jun Liu,Francis Longstaff, and Ravit E. Mandell, Journal of Business, v79, n5, 2337-2359, September, 2006

Generalizing the permanent-income hypothesis: Revisiting Friedman's conjecture on consumption, Nill, Neng Wang, Journal of Monetary Economics, 53 (4), 737-52, (2006)

Asset pricing implications of firms’ financing constraints, Zhang Lu and Gomes and Yaron, Review of Financial Studies 19 (4), 1321-1356

Using Bootstrap to Test Portfolio Efficiency, Zhou Guofu, Pin-Huang Chou, Annals of Economics and Finance 7, 2006, 217--249

Portfolio Optimization under Asset Pricing Anomalies, Zhou Guofu, Pin-Huang Chou and Wen-Shen Li, Japan & The World Economy 18, 2006, 121--142

A New Variance Bound on the Stochastic Discount Factor, Zhou Guofu, Raymond Kan, Journal of Business 79, 2006, 941--961

Buy-side Analysts, Sell-side Analysts, and Investment Decisions of Money Managers, Qian Jun, Yingmei Cheng and Mark H. Liu, Journal of Financial and Quantitative Analysis, 41(1), 51-83

The Information in Option Volume for Future Stock Prices, Pan Jun, Allen Poteshman, Review of Financial Studies , volume 19, pages 871--908, 2006

An Analysis of VaR-based Capital Requirements, Liu Hong, Domenico Cuoco, Journal of Financial Intermediation 15, 2006, 362-394

So What Orders Do Informed Traders Use? Liu Hong, Ron Kaniel, Journal of Business 49, 2006, 1867-1913

The Role of the Media in the Launch of Internet IPOs, Bhattacharya, Utpal, Neal Galpin, Rina Ray, and Xiaoyun Yu, Betriebswirtschaftliche Forschung und Praxis 58 (Special Issue on IPOs), 442‐456

Playing by the Rules: Comparing Principles-based and Rules-based Corporate Governance in Canada and the U.S., Broshko, E.B., and K. Li, Canadian Investment Review, Winter issue, 18-25

Asset Float and Speculative Bubbles, Hong Harrison, Jose Scheinkman and Wei Xiong, Journal of Finance 61 (2006), 1073-1117

Trading Volume: Implications of an Intertemporal Capiral Asset Pricing Model, Wang Jiang, A.W. Lo, Journal of Finance 61, 2805-2840, 2006

Evaluating Portfolio Policies: A Duality Approach, Wang Jiang, M. Haugh and L. Kogan, Operations Research 54 (No. 3), 405-418, 2006

The Price Impact and Survival of Irrational Traders, Wang Jiang, L. Kogan, S.A. Ross and M.Westerfield, Journal of Finance 61, 195-229, 2006

Accounting Treatment of Inherent versus Incentive Uncertainties and the Capital Structure of the Firm, Zhang Xiaojun, Pierre Jinghong Liang, Journal of Accounting Research, March 2006

Tax-loss Selling and the January Effect: Evidence from Municipal Bond Closed-End Funds, Laura T. Starks and Li Yong, The Journal of Finance, 61 (6), 3049-3067

Are Investors Moonstruck? – Lunar Phases and Stock Return, Kathy Yuan and Qiaoqiao Zhu, The Journal of Empirical Finance, 13, 1-23

Rain or Shine: Where is the Weather Effect? William N. Goetzmann and Ning Zhu, European Financial Management, Vol. 11, No. 5, pp. 559-578, November 2005

the Impact of Clientele Changes: Evidence from Stock Splits, Ravi Dhar , William N. Goetzmann and Ning Zhu, Yale ICF Working Paper No. 03-14, EFA 2005 Moscow Meetings Paper, AFA 2005 Philadelphia Meetings

What Actually Happened to the Inventories of American Companies Between 1981 and 2000? Hong Chen, Murray Z. Frank, and Owen Q. Wu, Management Science 2005 51:1015-1031; doi:10.1287/mnsc.1050.0368

A Refinement to AitSahalia's (2003) Maximum Likelihood Estimation of Discretely Sampled Diffusions: A Closed-form Approximation Approach, Nengjiu Ju and Gurdip Bakshi, Journal of Business 78, 2037-2052, 2005

Horses and Rabbits? Trade-Off Theory and Optimal Capital Structure, Robert Parrino, Allen Poteshman, Michael Weisback, Nengjiu Ju, Journal of Financial and Quantitative Analysis, 40, 259-281, 2005

Default Risk and Diversification: Theory and Empirical Implications, Robert A. Jarrow , David Lando and Fan Yu, Mathematical Finance, Vol. 15, No. 1, pp. 1-26, January 2005

Accounting Transparency and the Term Structure of Credit Spreads, Fan Yu, Journal of Financial Economics 75(1), 53-84

The Air Cargo Industry in China: Implications of Globalization and WTO Accession, Fung, M., A. Zhang, L. Leung and J. Law, Transportation Journal, Vol. 44, No. 4, pp. 44-62

Export Orientation and Domestic Merger Policy: Theory and Empirical Evidence, Clougherty, J. and A. Zhang, Canadian Journal of Economics, Vol. 38, pp. 778-806

A Study of Optimal State-owned Shares in Mixed Oligopoly: Implications for SOE Reform, Sun, Q., A. Zhang and J. Li, Canadian Journal of Economics, Vol. 38, pp. 778-806

Time-Varying Informed and Uninformed Trading Activities, GuoJun Wu and Qin Lei, Journal of Financial Markets, 8, 153-181

Why Stocks May Disappoint, Jun Liu, Andrew Ang, and Geert Bekaert, Journal of Financial Economics, v76, n3, 471-508, June, 2005

An Equilibrium Model of Rare Event Premia, Jun Liu with Jun Pan and TanWang, Review of Financial Studies, v18, n1, 131-164, Spring, 2005

Investment timing, agency, and information, Steven Grenadier, Journal of Financial Economics, 75 (3), 493-533, (2005)

Is value riskier than growth? Zhang Lu, Petkova, Journal of Financial Economics 78 (1), 187-202

The value premium, Zhang Lu, Journal of Finance 60 (1), 67-103

Model Uncertainty, Limited Market Participation and Asset Prices, H. Henry Cao, Tan Wang and Harold H. Zhang, Review of Financial Studies, 18, 1219-1251, 2005

External Habit and the Cyclicality of Expected Stock Returns, Thomas Tallarini, Jr. and Harold H. Zhang, Journal of Business, 78, 1023-1048, 2005

Optimal Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints, Rui Yao and Harold H. Zhang, Review of Financial Studies, 18, 197-239, 2005

Maximizing Long-Term Wealth Accumulation: It’s not just about “What” but also about “Where” to Make Them, Robert Dammon, James Poterba, Chester Spatt, Harold H. Zhang, Research Dialogue 85, 2005

Law, Finance, and Economic Growth in China, Jun, Qian, Franklin Allen and Meijun Qian, Journal of Financial Economics, 77 (1), 57-116

Optimal Toeholds in Takeover Contests, Jun, Qian, Eitan Goldman, Journal of Financial Economics, 77 (2), 321-346

Endogenous Financial Intermediation and Real Effects of Capital Account Liberalization, Jun Pan, George Alessandria, Journal of International Economics, 67(1), 97-128

An Equilibrium Model of Rare-Event Premia and Its Implication for Option Smirks, Jun Pan, Jun Liu and Tan Wang, Review of Financial Studies , volume 18, pages 131--164, 2005

Option Pricing with an Illiquid Underlying Asset Market, Hong Liu , Jiongmin Yong, Journal of Economic Dynamics and Control 29, 2005, 2125-2156

Do Hedge Funds Have Enough Capital? A Value at Risk Approach, Liang Bing, Anurag Gupta, Journal of Financial Economics 77, 219-253

Thy Neighbor’s Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers, Hong Harrison Jeffrey D. Kubik and Jeremy C. Stein, Journal of Finance 60 (2005), 2801-2824

Model Uncertainty, Limited Market Participation, and Asset Prices, H. Henry Cao, Tan Wang, and Harold H. Zhang, Review of Financial Studies, Vol.18, 2005, 1219 - 1251

An Equilibrium Model of Rare-Event Premia and Its Implication for Option Smirks, Jun Liu, Jun Pan, and Tan Wang, Review of Financial Studies, Vol.18, 2005, 131 - 164

Mischfonds neuer Praegung: Attraktivitaet durch Flexibilitaet, Burik Paul, Dr. O. Kruse, Die Bank

Discussion of 'Conservatism, Growth and the Role of Accounting Numbers in Fundamental Analysis Process', Xiaojun Zhang, Review of Accounting Studies, September 2005

Identifying Control Motives in Managerial Ownership: Evidence from Antitakeover Legislation, Cheng Shijun, Venky Nagar,Madhav V. Rajan, Rev. Financ. Stud. (Summer 2005) 18 (2): 637-672

On the Industry Concentration of Actively Managed Equity Mutual Funds, Zheng Lu, Marcin Kacperczyk and Clemens Sialm, The Journal of Finance 60 (4), 1983-2011

Out of Sight, Out of Mind: The Effects of Expenses on Mutual Fund Flows, Zheng Lu, Brad Barber and Terry Odean, The Journal of Business 78 (6), 2095-2120

Investment Opportunities, Liquidity Premiums and Conglomerate Mergers, Chun Chang and Xiaoyun Yu, Journal of Business 77, 45-74，2004

Deposit Insurance and Bank Regulation in a Monetary Economy: a General Equilibrium Exposition, John H. Boyd, Chun Chang, and Bruce D. Smith, Economic Theory 24, 741–767 (2004)

How to Discount Cashflows with Time-Varying Expected Returns, Jun Liu with Andrew Ang, Journal of Finance, v59, n6, 2745-2783, December, 2004

Losing Money on Arbitrages: Optimal Dynamic Portfolio Choice in Markets with Arbitrage Opportunities,

Jun Liu with Francis Longstaff, Review of Financial Studies, v17, n3, 611-641, Fall, 2004

Conditional Information and Variance Bounds on Pricing Kernels,Jun Liu with Geert Bekaert, Review of Financial Studies, v17, n2, 339-378, Summer, 2004

Precautionary saving and partially observed income, Nill, Neng Wang, Journal of Monetary Economics, 51 (8), 1645-1681, (2004)

Data-generating Process Uncertainty: What Difference Does It Make in Portfolio Decisions? Zhou Guofu, Jun Tu, Journal of Financial Economics 72, 2004, 385--421

Comment on ‘Household Portfolio Choices in Taxable and Tax-Deferred Accounts: Another Puzzle?’ ,

Zhang Harold, European Finance Review 7, 583-586, 2004

Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing, Robert M. Dammon, Chester S. Spatt and Harold H. Zhang, Journal of Finance 59, 2004

Optimal Consumption and Investment with Transaction Costs and Multiple Risky Assets, Liu Hong, Journal of Finance 59, 2004, 289-338

Investment Opportunities, Liquidity Premium and Conglomerate Mergers, Chang, Chun, and Xiaoyun Yu, Journal of Business 77, 45‐74

Alternative Investments: CTAs, Hedge Funds, and Funds-of-Funds, Liang Bing, Journal of Investment Management 2, 76-93, Fourth Quarter 2004

Fees on Fees in Funds of Funds, Liang Bing, Stephen Brown and William Goetzmann, Journal of Investment Management 2, 39-56, Fourth Quarter 2004

Confidence in the Familiar: An International Perspective, Li, Kai, Journal of Financial and Quantitative Analysis, 39, 47-68

Social Interaction and Stock Market Participation, Hong Harrison, Jeffrey D. Kubik and Jeremy C. Stein, Journal of Finance 59 (2004), 137-163

Talking up Liquidity: Insider Trading and Investor Relations, Hong Harrison, Ming Huang, Journal of Financial Intermediation 14 (2004), 1-31

Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization, Joseph Chen, Ming Huang and Jeffrey D. Kubik, American Economic Review 94 (2004), 1276-1302

The Role of Risk Aversion and Uncertainty in an Individual's Migration Decision, Tan Wang and T. Wirjanto, Stochastic Models, Vol. 20, 2004, 129-147

Asset Prices and Trading Volume Under Fixed Transactions Costs, A.W. Lo and H. Mamaysky, Journal of Political Economy 112 (No. 5), 1054-1090, 2004

R&D Expenditures and CEO Compensation, Shijun Cheng, The Accounting Review, April 2004

Family Values and the Star Phenomenon: Strategies of Mutual Fund Families, Vikram Nanda and Jay Wang, The Review of Financial Studies 17 (3), 667-698

Institutional Trading and Stock Returns, Fang Cai, Finance Research Letters 1 (3), 178-189

Incentive Contracting Versus Ownership Reforms: Evidence from China's Township and Village

Enterprises, Chun Chang , Brian P. McCall and Yijiang Wang, Journal of Comparative Economics 31, 414-428, 2003

Progress and Peril in China's Modern Economy, Chun Chang, The Region-The Federal Reserve Bank of Minneapolis Paper Millionaires: How Valuable is Stock to a Stockholder Who is Restricted from Selling it? Liu Jun with Matthias Kahl and Francis Longstaff, Journal of Financial Economics, v67, n3, 385-410, March 2003

Dynamic Asset Allocation with Event Risk, Jun Liu , Jun Pan and Francis A. Longstaff, Journal of Finance, Vol. 58, pp. 231-259, 2003

Caballero meets Bewley: The permanent-income hypothesis in general equilibrium, Neng Wang, American Economic Review 93 (3), 927-936, (2003)

Capital Gains Taxes and Portfolio Rebalancing, Robert M. Dammon, Chester S. Spatt and Harold H. Zhang, Research Dialogue, 75, 2003

Dynamic Derivative Strategies, Jun Pan, Jun Liu, Journal of Financial Economics, volume 69, pages 401--430, 2003

Dynamic Asset Allocation with Event Risk, Jun Pan, Jun Liu and Francis Longstaff, Journal of Finance, volume 58, pages 231--259, 2003

Evidence of Information Spillovers in the Production of Investment Banking Services, Benveniste, Lawrence, Alexander Ljungqvist, William Wilhelm, and Xiaoyun Yu, Journal of Finance 58, 577‐608

Hedge Fund Returns: Auditing and Accuracy, Liang Bing, The Journal of Portfolio Management 29 (Invited), 111-122

An Examination of Own Account Trading by Dual Traders in Futures Markets, Chakravarty, S., and K. L, Journal of Financial Economics, 69, 375-397

A Bayesian Analysis of a Variance Decomposition for Stock Returns, Hollifield, B., G. Koop, and K. Li, Journal of Empirical Finance, 10, 583-601

A Bayesian Analysis of Dual Trader Informativeness in Futures Markets, Chakravarty, S., and K. Li, Journal of Empirical Finance, 10, 355-371

Diversification Benefits of Emerging Markets Subject to Portfolio Constraints, Li, K., A. Sarkar, and Z. Wang, Journal of Empirical Finance 10 (A Special Issue on Emerging Markets), 57-80

An Econometric Model of Birth Inputs and Outputs for Native Americans, Li, K., and D.J. Poirier, Journal of Econometrics, 113, 337-361

The Roles of Birth Inputs and Outputs in Predicting Health, Behavior, and Test Scores in Early Childhood, Li, K., and D.J. Poirier, Statistics in Medicine, 22, 3489-3514

Bayesian Analysis of an Econometric Model of Birth Inputs and Outputs, Li, K., and D.J. Poirier, Journal of Population Economics, 16, 597-625

Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts, Hong Harrison, Jeffrey D. Kubik, Journal of Finance 58 (2003), 313-351

Differences of Opinion, Short-Sales Constraints and Market Crashes, Hong Harrison, Jeremy C. Stein, Review of Financial Studies 16 (2003), 487-525

Model Misspecification and Under Diversification, Raman Uppal and Tan Wang, Journal of Finance, Vol.58, 2003, 2465-2486

The Wealth Dynamics of Entrepreneurship for Black and White Families in the U.S, William D. Bradford, Review of Income and Wealth, Vol. 49, pp. 89-116, March 2003

Anomalous stock returns around internet firms’ earnings announcements, Zhang Xiaojun, Brett Trueman, M.H.Franco Wong, Journal of Accounting and Economics Volume 34, Issues 1–3, January 2003, Pages 249–271

Deposit Insurance: A Reconsideration, John Boyd , Chun Chang, and Bruce Smith, Journal of Monetary Economics 49 (2002) 1235–1260

Brownian Approximations of Multiclass Open-Queueing Networks, Hong Chen, Xinyang Shen, and David D. Yao, Operations Research November/December 2002 50:1032-1049

Pricing Asian and Basket Options Via Taylor Expansion, Nengjiu Ju, Journal of Computational Finance, 5, 79-103, 2002

A Generalized Partially Linear Model of Asymmetric Volatility, GuoJun Wu and Zhijie Xiao, Journal of Empirical Finance, 9, 287-319

An Analysis of Risk Measures, GuoJun Wu and Zhijie Xiao, Journal of Risk, 4 (4), 53-75

Robust permanent income and pricing with filtering, Lars Peter Hansen, Thomas J. Sargent, Neng Wang, Macroeconomic Dynamics 6, 40-84, (2002)

What Determines Expected International Asset Returns? Campbell Harvey and Bruno Solnik, Annals of Economics and Finance 3, 2002, 83--127

Upstream Intergenerational Transfers, Frank A. Sloan, Harold H. Zhang and Jingshu Wang, Southern Economic Journal, 69, 363-380, 2002

The Jump-Risk Premia Implicit in Options: Evidence from an Integrated Time-Series Study, Pan Jun, Journal of Financial Economics, volume 63, pages 3--50, 2002

Optimal Portfolio Selection with Transaction Costs and Finite Horizons, Liu Hong, Mark Loewenstein, Review of Financial Studies 15, 2002, 805-835

What Explains the Growth of Global Equity Markets? Li, Kai, Canadian Investment Review, Fall issue, 23-30

Should US Investors Hold Foreign Stocks?Li, K., and A. Sarkar, Current Issues in Economics and Finance, 8, 1-6

Strategic Trading and Learning about Liquidity, Harrison Hong, Sven Rady, Journal of Financial Markets 5 (2002), 419-450

Breadth of Ownership and Stock Returns, Harrison Hong, Joseph Chen and Jeremy C.Stein, Journal of Financial Economics 66 (2002), 171-205

Dynamic Volume-Return Relations of Individual Stocks, Jiang Wang, G. Llorente, R. Michaely, G.Saar, Review of Financial Studies 15, 1005-1047, 2002

Strukturen in Fondsgeschaeft: Chance für Spezialisten, Paul Burik, Dr. O. Kruse, Bank und Markt

Accounting Conservatism, the Quality of Earnings, and Stock Returns, Xiaojun Zhang, Stephen H. Penman, The Accounting Review , Vol. 77, No. 2, Apr., 2002 ,Page 237 of 237-264

Revenue Recognition in a Multiperiod Agency Setting, Xiaojun Zhang, Sunil Dutta, Journal of Accounting Research Volume 40, Issue 1, pages 67–83, March 2002

Dynamic Models of the Term Structure, Hong Yan, Financial Analysts Journal, Vol. 57, No. 4, Jul. - Aug., 2001

EBIT-based Dynamic Capital Structure, Nengjiu Ju, Robert Goldstein, and Hayne Leland, Journal of Business, 74, 483-512, 2001

Counterparty Risk and the Pricing of Defaultable Securities, Fan Yu and Robert Jarrow, Journal of Finance 56(5), 1765-1799

The Determinants of Asymmetric Volatility, GuoJun Wu, Review of Financial Studies, 14, 837-859

Floating-Fixed Credit Spreads, Darrell Duffie and Jun Liu, Financial Analysts Journal, Vol. 57, No. 3, May/June 2001

A Generalized Earning Model of Stock Valuation, Jun Liu with Andrew Ang, Review of Accounting Studies, V6, n4, December, 2001

Optimal Consumption and Investment with Capital Gains Taxes, Harold Zhang, Robert M. Dammon, Chester S. Spatt and Harold H. Zhang, Review of Financial Studies, 14, 583-616, 2001

Analytical Value-At-Risk with Jumps and Credit Risk, Jun Pan, Darrell Duffie, Finance and Stochastics, Volume 5, pages 155--180, 2001

Hedge Fund Performance: 1990-1999, Bing Liang, Financial Analysts Journal 57 (Invited), 11-18, Jan./Feb. 2001

The Valuation of IPO and SEO Firms, Kai Li, Koop, G., and K. L, Journal of Empirical Finance, 8, 375-401

Using the National Longitudinal Survey of Youth in the US to Study the Birth Process: A Bayesian Approach, Kai Li and D.J. Poirier, Research in Official Statistics, 4, 127-150

Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices, Harrison Hong, Joseph Chen and Jeremy C. Stein, Journal of Financial Economics 61 (2001), 345-381

Back to Basics: Forecasting the Revenues of Internet Firms, Brett Trueman, M. H. Franco Wong and Xiao-Jun Zhang, Review of Accounting Studies, 6, 305–329, 2001

Asymmetric Volatility and Risk in Equity Markets, GuoJun Wu and Geert Bekaert, Review of Financial Studies, 13, 1-42

Stability of Multiclass Queueing Networks Under Priority Service Disciplines, Hong Chen and Hanqin Zhang, Operations Research January/February 2000 48:26-37

Choosing between Up-or-Out and Spot Contracts: Human Capital Investment versus Job-Matching Considerations, Chun Chang and Yijiang Wang, Annals of Economics and Finance, 1, 189-210, 2000

On Rate of Convergence of Discrete-time Contingent Claims, Guofu Zhou, Steve Heston, Mathematical Finance 10, 2000, 53--75

Investment Horizon and the Cross Section of Expected Returns: Evidence from the Tokyo Stock Exchange, Guofu Zhou, Pin-Huang Chou and Yuan-Lin Hsu, Annals of Economics and Finance 1, 2000, 79--100.

Explaining Bond Returns in Heterogeneous Agents Models: The Importance of Higher Order Moments, Harold Zhang, Nill, Journal of Economic Dynamics and Control, 24, 1381-1404, 2000

Fixed Costs and Asset Market Participation, Amir Yaron and Harold H. Zhang, Revista De Analisis Economico, 15, 89-109, 2000

Transform Analysis and Asset Pricing for Affine Jump-Diffusions, Jun Pan, Darrell Duffie and Kenneth Singleton, Econometrica, Volume 68, pages 1343--1376, 2000

Optimal Consumption of a Divisible Durable Good, Hong Liu, Domenico Cuoco, Journal of Economic Dynamics and Control 24, 2000, 561-613

A Martingale Characterization of Consumption Choices and Hedging Costs with Margin Requirements, Hong Liu, Domenico Cuoco, Mathematical Finance 10, 2000, 355-385

Hedge Funds: The Living and the Dead, Bing Liang, The Journal of Financial and Quantitative Analysis 35 (Invited), 309-326, Sept. 2000

Portfolio Formation, Measurement Errors, and Beta Shifts: A Random Sampling Approach, Bing Liang, The Journal of Financial Research 23, 261-284, Fall 2000

Do All-stars Shine? An Evaluation of Analysts' Recommendations, Bing Liang, Hemang Desai and Ajai Singh, Financial Analysts Journal 56, 20-29, May/June 2000

Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategie, Harrison Hong, Terence Lim and Jeremy C. Stein, Journal of Finance 55 (2000), 265-296

Trading and Returns under Periodic Market Closures, Harrison Hong, Jiang Wang, Journal of Finance, 55 (2000), 297-354

A Model of Returns and Trading in Futures Markets, Harrison Hong, Journal of Finance 55 (2000), 959-988

Security Analysts’ Career Concerns and Herding of Earnings Forecasts, Harrison Hong, Jeffrey D. Kubik and Amit Solomon Rand, Journal of Economics 31 (2000), 121-144

Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation, Jiang Wang，A.W. Lo and H. Mamaysky，Journal of Finance 55(2000), 1705-1770

Trading and Returns Under Periodic Market Closures，Jiang Wang，H. Hong，Journal of Finance 55(2000), 297-354

Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory, Jiang Wang, A.W. Lo, Review of Financial Studies 13(2000), 257-300

Conservative accounting and equity valuation, Xiaojun Zhang, Journal of Accounting and Economics, Volume 29, Issue 1, February (2000), Pages 125–149

The Eyeballs Have It: Searching for the Value in Internet Stocks, Xiaojun Zhang, Brett Trueman, M. H. Franco Wong, Journal of Accounting Research,Vol. 38, (2000),Page 137-162

Capital Structure as Optimal Contracts, Chun Chang, North American Journal of Economics and Finance 10, 363-385, 1999

An Approximate Formula for Pricing American Options, Nengjiu Ju and Rui Zhong, Journal of Derivatives, 7, 31-40, 1999

On the Performance of Hedge Funds, Bing Liang, Financial Analysts Journal 55, 72-85Price Pressure: Evidence from the ‘Dartboard’ Column, Bing Liang, Journal of Business 72 January (1999), 119-134

Testing Symmetry and Proportionality in PPP: A Panel Data Approach, Kai Li, Journal of Business and Economic Statistics,17(1999) 409-418

Exchange Rate Target Zone Models: A Bayesian Evaluation, Kai Li, Journal of Applied Econometrics, 14(1999), 461-490

Bayesian Analysis of Duration Models: An Application to Chapter 11 Bankruptcy, Kai Li, Economics Letters, 63(1999), 305-312

A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets, Harrison Hong, Jeremy C. Stein, Journal of Finance 54 (1999), 2143-2184

On the Theory of Forecast Horizon in Equity Valuation, Xiaojun Zhang, James A. Ohlson, Journal of Accounting Research (1999), Vol. 37, No. 2, Autumn

Is Money Smart? – A Study of Mutual Fund Investors’ Fund Selection Ability, Lu Zheng, The Journal of Finance 54 (3), 901 – 933

Security Factors as Linear Combinations of Economic Variables, Guofu Zhou, Journal of Financial Markets 2(1999), 403--432

Testing Multi-beta Pricing Models, Guofu Zhou, Raja Velu, Journal of Empirical Finance 6(1999), 219--241, Journal of Finance 54(1999), 1021--1048

An Investigation of the Risk and Return Relation at Long Horizons, Harold Zhang, Paul Harrison, Review of Economics and Statistics 81(1999), 399-408

Pricing an American Option by Approximating Its Early Exercise Boundary As a Multi-Piece Exponential Function, Nengjiu Ju, Review of Financial Studies, 11, 627-646, 1998

Towards a Model of the Organizations in China as a Partially Reformed Developing Economy, Chun Chang and Yijiang Wang, China Economic Review 1998

Moral Hazard Under Commercial and Universal Banking, John H. Boyd , Chun Chang and Bruce D. Smith, Journal of Money Credit and Banking, Vol. 30, No. 3, Part 2, August 1998

Overparameterization in Seminonparametric Density Estimation, Harold Zhang, Ming Liu, Economics Letters 60(1998), 11-18

Bayesian Inference in a Simultaneous Equation Model with Limited Dependent Variables, Kai Li, Journal of Econometrics 85(1998), 387-400

Accrual Accounting and Equity Valuation, Xiaojun Zhang, James A. Ohlson, Journal of Accounting Research ,Vol. 36(1998),Page85-111

Some Empirical Implications of a Model of Human Capital Investment under Asymmetric Information, Chun Chang and Yijiang Wang, Research in Labor Economics, 16, 103-117, 1997

China’s Urban Industry, Chun Chang and Yijiang Wang, Regional Handbook of Economic and Political Development: Prospects onto the 21st Century, Chris Hudson ed., FitzRoy Dearborn Publishers, Chicago. 1997

Going to Extremes: Correcting Simulation Bias in Exotic Option Valuation, Guofu Zhou, Phil Dybvig and David Beaglehole, Financial Analysts Journal 53(1997), 62--68

Endogenous Borrowing Constraints with Incomplete Markets, Harold Zhang, Journal of Finance 52(1997), 2187-2209

Endogenous Short Sale Constraint, Stock Prices and Output Cycles, Harold Zhang, Macroeconomic Dynamics 1(1997), 228-254

An Overview of Value at Risk, Jun Pan, Darrell Duffie, Journal of Derivatives , Spring (1997), 7-4

Market Structure, Security Prices and Informational Efficiency, Jiang Wang, J. Huang, Macroeconomic Dynamics 1(1997), 169-205

Human Capital Investment under Asymmetric Information: the Pigovian Conjecture Revisited, Chun Chang and Yijiang Wang, Journal of Labor Economics, 14, 505-519, 1996

Temporary Components of Stock Returns: What Do the Data Tell Us?,Guofu Zhou, Chris Lamoureux, Review of Financial Studies 9(1996), 1033--1059

Measuring the Pricing Error of the Arbitrage Pricing Theory, Guofu Zhou, John Geweke, Review of Financial Studies 9(1996), 553--583

Volume, Volatility, and Leverage: A Dynamic Analysis, Harold Zhang, George Tauchen and Ming Liu, Journal of Econometrics 74(1996), 177-208

A Framework for Understanding Differences in Employment Stability and Human Capital Investment, Chun Chang and Yijiang Wang, Journal of Economic Behavior and Organization, 28, 91-105, 1995, Journal of Econometrics, 74, 177-208, 1996

The Term Sturcture of Interest Rates In A Pure Exchange Economy With Heterogeneous Investors, Wang Jiang, Journal of Financial Economics 41, 75-110, 1996

Time-to-Build Effects and the Term Structure, Zhou Guofu, Jack Strauss, Journal of Financial Research 18, 1995, 115-127

Small Sample Rank Tests with Applications to Asset Pricing, Guofu Zhou, Journal of Empirical Finance 2, 1995, 71-93

Differential Information and Dynamic Behavior of Stock Trading Volume, Wang Jiang, H. He, Review of Financial Studies 8, 919-972, 1995

Implementing Option Pricing Formulas When Asset Returns Are Predictable, Wang Jiang, A.W. Lo, Journal of Finance 50, 87-130, 1995

On Selectivity and Market Timing Ability of U.S.-Based International Mutual funds: Using Refined Jensen's Measure, Son-Nan Chen and Hoyoon Jang, GLOBAL FINANCE JOURNAL, Vol 5 No 1, Spring

The Nature of Township-Village Enterprises, Chun Chang and Yijiang Wang, Journal of Comparative Economics 19, 434-452, 1994

A Model of Competitive Stock Trading Volume, Wang Jiang, Journal of Political Economy 102, 127-167

Asset Pricing Tests Under Alternative Distributions, Guofu Zhou, Journal of Finance 48, 1993, 1927-1942

International Asset Pricing with Alternative Distributional Specifications, Guofu Zhou, Campbell Harvey, Journal of Empirical Finance 1, 1993, 107--131

Trading Volume and Serial Correlation in Stock Returns, J. Campbell and S.Grossman, Quarterly Journal of Economics 108, 905-940, 1993

A Model of Intertemporal Asset Prices Under Asymmetric Information, Jiang Wang, Review of Economic Studies 60, 249-282, 1993

Payout Policy, Capital Structure, and Compensation Contracts when Managers Value Control, Chun Chang, Review of Financial Studies, Volume6, Issue 4 (Winter,1993), 911-933

Dynamic Scheduling of a Multiclass Fluid Network, Hong Chen andDavid D. Yao, Operations Research November/December 1993 41:1104-1115

Optimal Liquidation Rule and Debt in the Principal-Agent Model, Chun Chang and Yijiang Wang, Economics Letters, 40, 1992

A Fluid Model for Systems with Random Disruptions, Hong Chen andDavid D. Yao, Operations Research May/June 1992 40:S239-S247

Capital Structure as an Optimal Contract between Employees and Investors, Chun Chang, Journal of Finance, July 1992

Small Sample Tests of Portfolio Efficiency, Guofu Zhou, Journal of Financial Economics 30, 1991, 165-191

Algorithms for the Estimation of Possibly Nonstationary Time Series, Guofu Zhou, Journal of Time Series Analysis 13, 1991, 171--188

The Influence of Non-Risk Factors on Real Estate Holdings of Pension Funds, Burik Paul, R. Ennis, Financial Analysts Journal

Pension Fund Real Estate Investment under a Simple Equilibrium Pricing Model, Burik Paul, R. Ennis, Financial Analysts Journal

The Dynamic Structure of Optimal Debt Contracts, Chun Chang, Journal of Economic Theory, October, 1990

Bayesian Inference in Asset Pricing Tests, Guofu Zhou, Campbell Harvey, Journal of Financial Economics 26, 1990, 221--254

Foreign Bonds in Diversified Portfolios, Burik Paul, R. Ennis, Financial Analysts Journal

Empirical Evaluation of a Queueing Network Model for Semiconductor Wafer Fabrication, Hong Chen, J. Michael Harrison, Avi Mandelbaum, Ann Van Ackere, and Lawrence M. Wein, Operations Research March/April 1988 36:202-215

The Issue Decision of Manager-Owners Under Information Asymmetry, William D. Bradford, The Journal of Finance, Vol. 42, No. 5 (Dec., 1987), pp. 1245-1260

Minority Savings and Loan Associations: Hypotheses and Tests Minority Savings and Loan Associations: Hypotheses and Tests, William D. Bradford, The Journal of Financial and Quantitative Analysis, Vol. 13, No. 3 (Sep., 1978), pp. 533-547

The Performance of Merging Savings and Loan Associations, William D. Bradford, The Journal of Business, Vol. 51, No. 1 (Jan., 1978), pp. 115-125

The Efficiency and Profitability of Minority Controlled Savings and Loan Associations, William D. Bradford, Alfred E. Osborne, Jr., Lewis J. Spellman, Journal of Money, Credit and Banking, Vol. 10, No. 1 (Feb., 1978), pp. 65-74

The Comparative Operating Efficiency of Black Savings and Loan Associations, Lewis J. Spellman, Alfred E. Osborne, Jr., William D. Bradford, The Journal of Finance, Vol. 32, No. 2, Papers and Proceedings of the Thirty-Fifth Annual Meeting of the American Finance Association, Atlantic City, New Jersey, September 16-18, 1976 (May, 1977), pp. 565-574

Valuation, Leverage and the Cost of Capital in the Case of Depreciable Assets: Comment, William D. Bradford, The Journal of Finance, Vol. 30, No. 1 (Mar., 1975), pp. 214-220

Price-Level Restated Accounting and the Measurement of Inflation Gains and Losses: A Reply, William D. Bradford, The Accounting Review, Vol. 50, No. 3 (Jul., 1975), pp. 586-587

Inflation and the Value of the Firm: Monetary and Depreciation Effects, William D. Bradford, Southern Economic Journal, Vol. 40, No. 3 (Jan., 1974), pp. 414-427

Price-Level Restated Accounting and the Measurement of Inflation Gains and Losses, William D. Bradford, The Accounting Review, Vol. 49, No. 2 (Apr., 1974), pp. 296-305