TY - JOUR T1 - Corporate Reputation and Hedging Activities JF - Accounting and Finance Y1 - 2023 A1 - Deng,Junfang A1 - Yang,Jimmy KW - Accounting KW - Finance VL - 63 CP - S1 U2 - a U4 - 220996175872 ID - 220996175872 ER - TY - JOUR T1 - Crash-Based Quantitative Trading Strategies: Perspective of Behavioral Finance JF - Finance Research Letters Y1 - 2022 A1 - Fang,Yan A1 - Yuan,Jie A1 - Yang,Jimmy A1 - Ying,Shangjun KW - Finance VL - 45 U2 - a U4 - 218946035712 ID - 218946035712 ER - TY - JOUR T1 - Chinese Lunar New Year Effect, Investor Sentiment, and Market Deregulation JF - Finance Research Letters Y1 - 2018 A1 - Teng,Chia-Chen A1 - Yang,Jimmy KW - Finance AB - This paper provides empirical evidence and a behavioral explanation for the Chinese Lunar New Year (CLNY) effect and investigates whether the holiday effect weakens after market deregulation. Using emotion proxies from literature, we find that positive emotion plays an important role in contributing to higher returns surrounding the CLNY. We also show that the CLNY effect weakens when foreign investors’ participation increases, suggesting that the market deregulation may have contributed to this diminishing calendar anomaly. VL - 27 UR - https://www.sciencedirect.com/science/article/pii/S1544612317305640 U2 - a U4 - 144773136384 ID - 144773136384 ER - TY - HEAR T1 - The cost of corporate social irresponsibility Y1 - 2016 A1 - Yang,Jimmy A1 - Lin,KC A1 - Johnson,Shane KW - Finance JA - Finance Seminar CY - Taiwan U2 - c U4 - 144773206016 ID - 144773206016 ER - TY - HEAR T1 - The cost of corporate social irresponsibility Y1 - 2016 A1 - Yang,Jimmy A1 - Lin,KC A1 - Johnson,Shane KW - Finance JA - Entrepreneurship Society Seminar CY - Taiwan U2 - c U4 - 144794408960 ID - 144794408960 ER - TY - HEAR T1 - The cost of corporate social irresponsibility Y1 - 2016 A1 - Yang,Jimmy A1 - Lin,KC A1 - Johnson,Shane KW - Finance JA - Finance Seminar CY - Taiwan U2 - c U4 - 144794304512 ID - 144794304512 ER - TY - HEAR T1 - The cost of corporate social irresponsibility Y1 - 2016 A1 - Yang,Jimmy A1 - Lin,KC A1 - Johnson,Shane KW - Finance JA - Finance Seminar CY - Taiwan U2 - c U4 - 144773222400 ID - 144773222400 ER - TY - HEAR T1 - The cost of corporate social irresponsibility Y1 - 2015 A1 - Yang,Jimmy A1 - Lin,KC KW - Finance JA - Finance Seminar CY - Taiwan U2 - c U4 - 127152746496 ID - 127152746496 ER - TY - HEAR T1 - The cost of corporate social irresponsibility Y1 - 2015 A1 - Yang,Jimmy A1 - Lin,KC KW - Finance JA - Finance Seminar CY - Taiwan U2 - c U4 - 127152736256 ID - 127152736256 ER - TY - JOUR T1 - The choice between rights and underwritten equity offerings: Evidence from Chinese Stock Markets JF - Journal of Multinational Financial Management Y1 - 2013 A1 - Dang,Li A1 - Yang,Jimmy KW - Accounting KW - Finance AB - We study the choice and valuation effects of alternative flotation methods using a sample of Chinese firms that must meet the return on equity (ROE) thresholds set by the government to raise equity capital. The ROE requirement, although changed over time, seems to play an important role on the valuation and performance of seasoned equity offerings. The analysis of 219 rights and 75 underwritten offerings between 2000 and 2004 shows that Chinese firms that are not qualified for the flotation method with a higher ROE requirement suffer the most at announcement and experience significantly lower buy-and-hold abnormal returns than those that are qualified. Our results suggest that the freedom to choose their preferred flotation method may be valuable to firms that meet the higher ROE requirement. Finally, our probit models identify several determinants of the choice of flotation methods. VL - 23 CP - 3 U2 - a U4 - 2658564097 ID - 2658564097 ER - TY - HEAR T1 - The choice between rights and underwritten equity offerings: Evidence from Chinese stock markets Y1 - 2011 A1 - Yang,Jimmy KW - Finance JA - 2011 FMA Asian Conference CY - Queenstown, New Zealand U2 - c U4 - 53000245248 ID - 53000245248 ER - TY - JOUR T1 - A censored stochastic volatility approach to the estimation of price limit moves JF - Journal of Empirical Finance Y1 - 2009 A1 - Hsieh,Ping-Hung A1 - Yang,Jimmy KW - Finance KW - Supply Chain AB - A censored stochastic volatility model is developed to reconstruct a return series censored by price limits, one popular form of market stabilization mechanisms. When price limits are reached, the observed prices are truncated and the equilibrium prices are unobservable, which makes further financial analyses difficult. The model offers theoretically sound estimates of censored returns and is demonstrated via simulations to outperform existing approaches with respect to the estimates of model parameters, unconditional means, and standard deviations. The algorithm is applied to model stock and futures returns and results are consistent with the simulation outcomes.

VL - 16 CP - 2 U2 - a U4 - 2658519041 ID - 2658519041 ER - TY - HEAR T1 - The choice between rights and underwritten equity offerings: evidence from the Chinese Stock Markets Y1 - 2007 A1 - Dang,Li A1 - Yang,Jimmy KW - Accounting KW - Finance JA - Financial Management Association Meeting CY - Orlando U2 - c U4 - 8582137857 ID - 8582137857 ER - TY - HEAR T1 - Cooling-off effect of price limits: evidence from transactions data Y1 - 2006 A1 - Yang,Jimmy A1 - Kim,Yong H KW - Finance JA - Globalization and Economic Asymmetries Conference CY - Boston U2 - c U4 - 2658510849 ID - 2658510849 ER - TY - HEAR T1 - Cooling-off and magnet effects of price limits Y1 - 2004 A1 - Yang,Jimmy KW - Finance JA - Conference on the Theories and Practices of Securities and Financial Markets CY - Kaohsiung, Taiwan U2 - c U4 - 649916416 ID - 649916416 ER -