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  - Intraday Momentum in the VIX Futures Market
JF  - Journal of Banking & Finance
Y1  - 2023
A1  - Huang,Hong-Gia
A1  - Tsai,Wei-Che
A1  - Weng,Pei-Shih
A1  - Yang,Jimmy
KW  - Finance
VL  - 148
U2  - a
U4  - 219520659456
ID  - 219520659456
ER  - 

TY  - JOUR
T1  - Aggregate 52-week high, limited attention, and time-varying momentum profits
JF  - Journal of Banking & Finance
Y1  - 2022
A1  - Hung,Weifeng
A1  - Lin,Ching-Ting
A1  - Yang,Jimmy
KW  - Finance
VL  - 141
U2  - a
U4  - 233737533440
ID  - 233737533440
ER  - 

TY  - HEAR
T1  - Aggregate 52-week high, limited attention, and time-varying momentum profits
Y1  - 2022
A1  - Hung,Weifeng
A1  - Lin,Ching-Ting
A1  - Yang,Jimmy
KW  - Finance
JA  - Research Seminar
CY  - Victoria, Canada
U2  - c
U4  - 233738010624
ID  - 233738010624
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  - Does the tail risk index matter in forecasting downside risk?
JF  - International Journal of Finance and Economics
Y1  - 2022
A1  - Hung,Jui-Cheng
A1  - Liu,Hung-Chun
A1  - Yang,Jimmy
KW  - Finance
U2  - a
U4  - 219521509376
ID  - 219521509376
ER  - 

TY  - JOUR
T1  - Family control, external governance mechanisms, and dividend payouts
JF  - Quarterly Review of Economics and Finance
Y1  - 2021
A1  - Teng,Chia-Chen
A1  - Li,Shaomin
A1  - Yang,Jimmy
KW  - Finance
VL  - 79
U2  - a
U4  - 202763948032
ID  - 202763948032
ER  - 

TY  - JOUR
T1  - Media exposure on corporate social irresponsibility and firm performance
JF  - Pacific-Basin Finance Journal
Y1  - 2021
A1  - Teng,Chia-Chen
A1  - Yang,Jimmy
KW  - Finance
VL  - 68
U2  - a
U4  - 219521202176
ID  - 219521202176
ER  - 

TY  - JOUR
T1  - Share Pledging, Payout Policy, and the Value of Cash Holdings
JF  - Journal of Empirical Finance
Y1  - 2021
A1  - Chou,Robin
A1  - Wang,Yu-Chun
A1  - Yang,Jimmy
KW  - Finance
AB  - Share pledging for insiders’ personal bank loans is associated with the agency problems of insider risk aversion and stock price crash risk. We examine the relation between insider share pledging and the value of cash holdings using the pledging data of listed firms in Taiwan. We find that the value of cash holdings is lower for pledging firms, especially for those that are relatively more risk averse. Pledging firms that repurchase shares have a higher marginal value of cash than those with other payout methods, likely due to the role of repurchases in reducing the stock price crash risk. Our results show how insiders’ personal financing incentives arising from share pledging would affect the value of cash holdings from the perspective of agency problems and payout policy.
VL  - 61
CP  - March
U2  - a
U4  - 184512514048
ID  - 184512514048
ER  - 

TY  - JOUR
T1  - Technical expert CEOs and corporate innovation
JF  - Pacific-Basin Finance Journal
Y1  - 2021
A1  - Ting,Hsiu-I
A1  - Wang,Ming-Chun
A1  - Yang,Jimmy
A1  - Tuan,Kai-Wen
KW  - Finance
VL  - 68
U2  - a
U4  - 233737959424
ID  - 233737959424
ER  - 

TY  - JOUR
T1  - Trader Positions in VIX Futures
JF  - Journal of Empirical Finance
Y1  - 2021
A1  - Chen,Yu-Lun
A1  - Yang,Jimmy
KW  - Finance
AB  - We investigate the dynamic changes in trader positions of market participants in the VIX futures markets. We find that in a low-VIX period, below the 23.81 threshold determined by our model, changes in VIX futures affect the trading decisions of dealers and leveraged fund managers, but in an opposite direction. During a high-VIX period, dealers and leveraged fund managers would then alter their trading strategies. We highlight the important role of exchange-traded products trading in hedging demand of dealers and show the impact on VIX futures. Trader positions are determinants of VIX futures prices, basis, and VIX premium.
VL  - 61
CP  - March
U2  - a
U4  - 184512481280
ID  - 184512481280
ER  - 

TY  - JOUR
T1  - Trading activity and price discovery in Bitcoin futures markets
JF  - Journal of Empirical Finance
Y1  - 2021
A1  - Hung,Jui-Cheng
A1  - Liu,Hung-Chun
A1  - Yang,Jimmy
KW  - Finance
VL  - 62
CP  - June
U2  - a
U4  - 202763657216
ID  - 202763657216
ER  - 

TY  - JOUR
T1  - Housing Price Dynamics, Mortgage Credit and Reverse Mortgage Demand: Theory and Empirical Evidence
JF  - Real Estate Economics
Y1  - 2020
A1  - Chen,Kuo-Shing
A1  - Yang,Jimmy
KW  - Finance
VL  - 48
CP  - 2
U2  - a
U4  - 144773152768
ID  - 144773152768
ER  - 

TY  - JOUR
T1  - Improving the realized GARCH's volatility forecast for Bitcoin with jump-robust estimators
JF  - North American Journal of Economics and Finance
Y1  - 2020
A1  - Hung,Jui-Cheng
A1  - Liu,Hung-Chun
A1  - Yang,Jimmy
KW  - Finance
VL  - 52
U2  - a
U4  - 202763464704
ID  - 202763464704
ER  - 

TY  - JOUR
T1  - A rare move: the effects of switching from a closing call auction to a continuous trading
JF  - The Journal of Futures Markets
Y1  - 2020
A1  - Chang,Ya-Kai
A1  - Chou,Robin K
A1  - Yang,Jimmy
KW  - Finance
AB  - This study investigates the effects of switching to a closing continuous trading (CCT) on market quality, while considering the trading behaviors of different types of traders. Investors become more patient in the period preceding the last trading phase, which reduces the bid–ask spread (BAS) in that period. We find an increase in the BAS and volatility during the last trading phase, due to diminishing investor patience. Market volatility and the closing pricing errors relate positively to the trading activities of foreign institutional investors. Overall, the introduction of the CCT worsens the market quality before the closing.
VL  - 40
CP  - 3
U2  - a
U4  - 127152922624
ID  - 127152922624
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  - JOUR
T1  - The MAX Effect: Lottery Stocks with Price Limits and Limits to Arbitrage
JF  - Journal of Financial Markets
Y1  - 2018
A1  - Hung,Weifeng
A1  - Yang,Jimmy
KW  - Finance
AB  - We modify the Bali et al.’s (2011) MAX measure (maximum daily return over the prior month) when the observed returns are capped at the daily price limit to address the issue of homogeneous MAX across stocks. Our results indicate that the modified MAX measure can be a significant predictor of future stock returns. The modified MAX effect is not a manifestation of the idiosyncratic volatility effect. We also find that the modified MAX measure could be an alternative proxy for arbitrage risk.
VL  - 41
U2  - a
U4  - 162670010368
ID  - 162670010368
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  - 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  - 2015
A1  - Yang,Jimmy
A1  - Lin,KC
KW  - Finance
JA  - Finance Seminar
CY  - Taiwan
U2  - c
U4  - 127152736256
ID  - 127152736256
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  - Empirical Financial Studies and Policy Implications
Y1  - 2015
A1  - Yang,Jimmy
KW  - Finance
JA  - 3rd Global Economy and Governance International Conference
CY  - Taipei
U2  - c
U4  - 127152842752
ID  - 127152842752
ER  - 

TY  - HEAR
T1  - A model of price limits on individual stocks
Y1  - 2015
A1  - Yang,Jimmy
A1  - Luo,Yuchen
KW  - Finance
JA  - Finance Seminar
CY  - Taiwan
U2  - c
U4  - 127152723968
ID  - 127152723968
ER  - 

TY  - HEAR
T1  - A model of price limits on individual stocks
Y1  - 2015
A1  - Yang,Jimmy
A1  - Luo,Yuchen
KW  - Finance
JA  - World Finance Conference
CY  - Buenos Aires
U2  - c
U4  - 127152861184
ID  - 127152861184
ER  - 

TY  - JOUR
T1  - What makes when-issued trading attractive to financial markets?
JF  - Financial Markets, Institutions and Instruments
Y1  - 2014
A1  - Brooks,Raymond
A1  - Kim,Yong H
A1  - Yang,Jimmy
KW  - Finance
AB  - When-issued trading is the trading of securities prior to the actual issue of the security. When-issued trading is active around the world and in a variety of equity and bond markets. In this survey, we provide a general description of when-issued trading, analyze benefits and costs in various financial markets, present existing theoretical models and predictions, and synthesize empirical findings. We find that when-issued trading promotes price discovery, mitigates information asymmetry, provides convenience for trading ahead of the actual issue of the security, and in some markets reduces volatility. In addition, we offer policy implications and suggest directions for further research in this area.
VL  - 23
CP  - 5
U2  - a
U4  - 68819267584
ID  - 68819267584
ER  - 

TY  - JOUR
T1  - When-issued trading in the Indian IPO market
JF  - Journal of Financial Markets
Y1  - 2014
A1  - Brooks,Raymond
A1  - Mathew,Prem
A1  - Yang,Jimmy
KW  - Finance
VL  - 19
U2  - a
U4  - 53120905216
ID  - 53120905216
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  - JOUR
T1  - Is the diversification benefit of frontier markets realizable by mean-variance investors? The evidence of investable funds
JF  - Journal of Portfolio Management
Y1  - 2013
A1  - Berger,Dave
A1  - Pukthuanthong,Kuntara
A1  - Yang,Jimmy
KW  - Finance
VL  - 39
U2  - a
U4  - 53000775681
ID  - 53000775681
ER  - 

TY  - JOUR
T1  - Reconsidering Price Limit Effectiveness
JF  - Journal of Financial Research
Y1  - 2013
A1  - Kim,Kenneth
A1  - Liu,Haixiao
A1  - Yang,Jimmy
KW  - Finance
AB  - Most stock exchanges around the world impose daily price limits on stock prices. However, China is the only market that has experienced trading with and without price limits. We study China’s experience with price limits by comparing a subperiod with price limits to a subperiod without price limits. We provide three major sets of findings. First, we find price limits moderate transitory volatility and mitigates abnormal trading activity. Second, for poor performing stocks, a tighter price limit also appears helpful in moderating volatility and not hurtful. Finally, we find some evidence that price limits can facilitate market recovery following crashes. Many prior studies criticize price limits. Our study shows benefits of price limits.
VL  - 36
CP  - 4
U2  - a
U4  - 30702327809
ID  - 30702327809
ER  - 

TY  - JOUR
T1  - Emerging from bankruptcy with when-issued trading
JF  - Financial Review
Y1  - 2012
A1  - Brooks,Raymond
A1  - Yang,Jimmy
KW  - Finance
AB  - We examine the set of firms that emerged from Chapter 11 bankruptcy and traded on a when-issued basis prior to their official return to the regular way in NASDAQ, Amex, or NYSE. We find that this when-issued market is liquid and price efficient. The when-issued closing price is a good indicator of the first closing price in the regular way market. Emerging firms that have when-issued trading experience lower regular way volatility and smaller relative spreads than those without when-issued trading. Our probit regressions show that firm size is an important determinant of the adoption of when-issued trading.
VL  - 47
U2  - a
U4  - 8582115329
ID  - 8582115329
ER  - 

TY  - HEAR
T1  - When-issued trading in the Indian IPO market
Y1  - 2012
A1  - Yang,Jimmy
KW  - Finance
JA  - Finance Seminar at National Chengchi University
CY  - Taiwan
U2  - c
U4  - 69888423936
ID  - 69888423936
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  - International diversification with frontier markets
JF  - Journal of Financial Economics
Y1  - 2011
A1  - Berger,Dave
A1  - Pukthuanthong,Kuntara
A1  - Yang,Jimmy
KW  - Finance
AB  - We provide an analysis of frontier market equities with respect to world market integration and diversification. Principal component results reveal that frontier markets exhibit low levels of integration. In contrast with developed and emerging markets, frontier markets offer no indication of increasing integration through time. Furthermore, individual frontier market countries do not exhibit consistent rates of changing integration. Structural break tests identify breakpoints in integration, as well as integration dynamics across countries. We show that frontier markets have low integration with the world market and thereby offer significant diversification benefits.
VL  - 101
CP  - 1
U2  - a
U4  - 30702147585
ID  - 30702147585
ER  - 

TY  - JOUR
T1  - Private Debt, Unused Credit Lines, and Seasoned Equity Offerings
JF  - Quarterly Review of Economics and Finance
Y1  - 2011
A1  - Liu,Yang
A1  - Yang,Jimmy
KW  - Finance
AB  - We study a sample of SEOs to examine the impact of private debt and unused credit lines on SEO underpricing and long-run stock and operating performance. We do not find significant effects of private debt financing on SEO underpricing and long-run stock underperformance. However, firms with more bank debt and unused lines of credit exhibit significantly better pre-issue operating performance. Changes in operating performance from the pre-issue year to the post-issue period are negatively related to the size of unused credit lines. Capital spending decreases with the size of unused credit lines in the year prior to SEOs, but increases following SEOs. Our overall evidence suggests that the post-issue operating performance we observed may be a result of overinvestment, which is enhanced by unused credit lines.
VL  - 51
CP  - 4
U2  - a
U4  - 2658560001
ID  - 2658560001
ER  - 

TY  - HEAR
T1  - Reconsidering Price Limit Effectiveness
Y1  - 2011
A1  - Yang,Jimmy
KW  - Finance
JA  - 2011 Asian Finance Association meeting
CY  - Macao
U2  - c
U4  - 53000275968
ID  - 53000275968
ER  - 

TY  - HEAR
T1  - Reconsidering Price Limit Effectiveness
Y1  - 2011
A1  - Yang,Jimmy
KW  - Finance
JA  - Finance seminar at University of New South Wales
CY  - Sydney, Australia
U2  - c
U4  - 53000314880
ID  - 53000314880
ER  - 

TY  - HEAR
T1  - International diversification with frontier markets
Y1  - 2010
A1  - Berger,Dave
A1  - Pukthuanthong,Kuntara
A1  - Yang,Jimmy
KW  - Finance
JA  - NTU Seminar
CY  - Taipei
U2  - c
U4  - 33400158209
ID  - 33400158209
ER  - 

TY  - HEAR
T1  - International Diversification with Frontier Markets
Y1  - 2010
A1  - Berger,Dave
A1  - Yang,Jimmy
A1  - Pukthuanthong,Kuntara
KW  - Finance
JA  - Financial Management Association
CY  - New York, New York
U2  - c
U4  - 33700190209
ID  - 33700190209
ER  - 

TY  - JOUR
T1  - Venture Capital, Ownership Structure, Accounting Standards and IPO Underpricing: Evidence from Germany
JF  - Journal of Economics and Business
Y1  - 2010
A1  - Elston,Julie
A1  - Yang,Jimmy
KW  - Finance
KW  - OSU-Cascades
AB  - This study investigates the impact of venture capital (VC), ownership structure, and accounting standards on initial public offering (IPO) underpricing in Germany. Using data from Germany's Neuer Markt (NM), we test two key hypotheses regarding IPO underpricing; first, whether VC ownership and higher levels of post-IPO insider ownership result in lower underpricing, and second, whether additional information disclosure results in lower underpricing. Besides the standard underpricing measure, we also use a modified underpricing measure to better assess true entrepreneurial wealth loss. Robust findings indicate that none of these factors are significant in lowering IPO underpricing, which suggests the importance of examining standard theories within alternative institutional environments. Results are consistent with the stylized fact that Germany's NM firms had relatively minimal use of VC financing, which may point to not only a weaker role for venture capitalists in Germany but fewer incentives to reduce information asymmetry arising from outside ownership.<br><br>
VL  - 62
CP  - Special Issue
U2  - a
U4  - 11894646785
ID  - 11894646785
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.<br><br>
VL  - 16
CP  - 2
U2  - a
U4  - 2658519041
ID  - 2658519041
ER  - 

TY  - JOUR
T1  - Effect of price limits: initial public offerings versus seasoned equities
JF  - International Review of Finance
Y1  - 2009
A1  - Kim,Yong H.
A1  - Yang,Jimmy
KW  - Finance
AB  - In this paper, we examine the effect of price limits on initial public offerings (IPOs) using Taiwanese data. On average, it takes 6.24 days for IPOs to reach their equilibrium prices in the presence of a 7% price limit. We compare IPOs with their industry- and size-matched seasoned equities (MSEs) and observe higher volatility levels on subsequent days for IPOs than for MSEs. However, the higher volatility decays within 2 days. Lower price limits interfere with trading and lead to higher trading activity on subsequent days for IPOs than for MSEs. We also observe delayed price discovery for both IPOs and MSEs. Overall, our results provide evidence about the effect of price limits on IPOs and generate important regulatory implications for countries imposing price limits on IPOs.
VL  - 9
CP  - 3
U2  - a
U4  - 649912320
ID  - 649912320
ER  - 

TY  - JOUR
T1  - The magnet effect of price limits: a logit approach
JF  - Journal of Empirical Finance
Y1  - 2009
A1  - Hsieh,Ping-Hung
A1  - Kim,Yong H
A1  - Yang,Jimmy
KW  - Finance
KW  - Supply Chain
AB  - We investigate the magnet effect of price limits using transaction data from the Taiwan Stock Exchange. A logit model incorporates explanatory variables from microstructure literature and reveals that the conditional probability of a price increase (decrease) increases significantly when the price approaches the upper (lower) price limit, in support of the magnet effect. Our approach recognizes when the magnet effect starts to emerge and identifies possible determinants of magnet effect. The probability of information-based trading has a significant impact on the magnet effect for lower price limits.<br><br>
VL  - 16
CP  - 5
U2  - a
U4  - 2658545665
ID  - 2658545665
ER  - 

TY  - JOUR
T1  - The Effect of Price Limits on Intraday Volatility and Information Asymmetry
JF  - Pacific-Basin Finance Journal
Y1  - 2008
A1  - Kim,Yong H.
A1  - Yang,Jimmy
KW  - Finance
AB  - We investigate the effect of price limits on intra-day volatility and information asymmetry using transactions data from the Taiwan Stock Exchange. Proponents of price limits argue that they provide an opportunity for investors to reevaluate market information and make more rational trading decisions. We identify three different limit hits – closing, single, and consecutive – and hypothesize that only the consecutive limit hits are likely to provide such an opportunity, namely, to counter investor overreaction (volatility hypothesis) and to enhance information revelation (information asymmetry hypothesis). Our empirical evidence supports the volatility hypothesis. Our findings generate important policy implications for stock markets that have price limits.
VL  - 16
CP  - 5
U2  - a
U4  - 6360668161
ID  - 6360668161
ER  - 

TY  - HEAR
T1  - Emerging from Bankruptcy with When-Issued Trading
Y1  - 2008
A1  - Brooks,Raymond
A1  - Yang,Jimmy
KW  - Finance
JA  - Financial Management Association annual meeting
CY  - Dallas
U2  - c
U4  - 11894759425
ID  - 11894759425
ER  - 

TY  - HEAR
T1  - The Impact of Accounting Standards and Ownership Structure on IPO Underpricing: Evidence from Germany's Neuer Markt
Y1  - 2008
A1  - Yang,Jimmy
A1  - Elston,Julie
KW  - Finance
KW  - OSU-Cascades
JA  - Academy of Entrepreneurial Finance
CY  - Las Vegas, NV
U2  - c
U4  - 10095396865
ID  - 10095396865
ER  - 

TY  - HEAR
T1  - The impact of accounting standards and ownership structure on IPO underpricing: evidence from Germany’s Neuer Market
Y1  - 2008
A1  - Yang,Jimmy
A1  - Elston,Julie
KW  - Finance
KW  - OSU-Cascades
JA  - Academy of Entrepreneurial Finance Conference
CY  - Las Vegas
U2  - c
U4  - 14184595457
ID  - 14184595457
ER  - 

TY  - JOUR
T1  - Relative Performance of Trading Halts and Price Limits: Evidence from the Spanish Stock Exchange
JF  - International Review of Economics and Finance
Y1  - 2008
A1  - Kim,Yong H.
A1  - Yague,Jose
A1  - Yang,Jimmy
KW  - Finance
AB  - We study the relative performance of trading halts and price limits using data from the Spanish Stock Exchange where both mechanisms have coexisted. According to our evidence, trading activity increases after either mechanism is triggered. Volatility stays the same after trading halts but increases after price limit hits. Our evidence also shows that the bid–ask spread is narrower after trading halts but wider after price limit hits. Information is efficiently reflected in stock prices once trading resumes after trading halts, but there is evidence of market overreaction for upper price limits. Our overall result may have important policy implications for financial markets in the world.
VL  - 17
CP  - 2
U2  - a
U4  - 649914368
ID  - 649914368
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  - The Magnet Effect of Price Limits: Evidence from Transactions Data
Y1  - 2007
A1  - Hsieh,Ping-Hung
A1  - Kim,Yong H.
A1  - Yang,Jimmy
KW  - Finance
KW  - Supply Chain
JA  - Asian Finance Association Meeting
CY  - Hong Kong
U2  - c
U4  - 8582131713
ID  - 8582131713
ER  - 

TY  - JOUR
T1  - Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning
JF  - Journal of Economics and Finance Education
Y1  - 2007
A1  - Brooks,Raymond
A1  - Yang,Jimmy
KW  - Finance
AB  - The Dividend Growth Model is a standard pedagogical tool in pricing stocks where the dividend grows at a constant rate. However, few dividend policies conform to this restrictive pattern and therefore the model is often quickly discarded in finance classes. The constant growth assumption of a cash flow stream fits well with other financial problems such as saving for a college education or contributions to a pension plan. This paper presents a couple of applications for the Dividend Growth Model plus an extension to the model and belies the adage: you can’t teach an old dog new tricks.
VL  - 6
CP  - 2
U2  - a
U4  - 2658555905
ID  - 2658555905
ER  - 

TY  - HEAR
T1  - Untitled
Y1  - 2007
A1  - Yang,Jimmy
KW  - Finance
U2  - c
U4  - 27371028480
ID  - 27371028480
ER  - 

TY  - HEAR
T1  - Are banking relations beneficial to established firms? evidence from seasoned equity offerings
Y1  - 2006
A1  - Yang,Jimmy
A1  - Liu,Yang
KW  - Finance
JA  - Financial Management Association Meeting
CY  - Salt Lake City, Utah
U2  - c
U4  - 649936896
ID  - 649936896
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  - The magnet effect of price limits: evidence from transactions data
Y1  - 2006
A1  - Yang,Jimmy
A1  - Hsieh,Ping-Hung
A1  - Kim,Yong  H.
KW  - Finance
KW  - Supply Chain
JA  - Financial Management Association meeting
CY  - Salt Lake City, Utah
U2  - c
U4  - 649934848
ID  - 649934848
ER  - 

TY  - HEAR
T1  - The Magnet Effect of Price Limits: Evidence from Transactions Data
Y1  - 2006
A1  - Hsieh,Ping-Hung
A1  - Kim,Yong  H.
A1  - Yang,Jimmy
KW  - Finance
KW  - Supply Chain
JA  - National Joint Statistical Meetings
CY  - Seattle, Washington
U2  - c
U4  - 2722437121
ID  - 2722437121
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  - 

TY  - HEAR
T1  - The effect of price limits: initial public offerings vs. seasoned equities
Y1  - 2004
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
KW  - Finance
JA  - Financial Management Association Annual Meeting
CY  - New Orleans LA
U2  - c
U4  - 649920512
ID  - 649920512
ER  - 

TY  - JOUR
T1  - What makes circuit breakers attractive to financial markets?  A survey
JF  - Financial Markets, Institutions and Instruments
Y1  - 2004
A1  - Kim,Yong  H.
A1  - Yang,Jimmy
KW  - Finance
AB  - After the stock market crash of October 1987, the Brady Report (1988) and several academic researchers suggested the imposition of "circuit breakers" to prevent the market from fluctuating excessively. Most financial markets in the world have imposed circuit breaker systems, in the form of price limits and trading halts, in an attempt to reduce excessive market volatility. Similar to any other regulations, circuit breakers have proponents and opponents. In this survey, we analyze the benefits and costs of each type of circuit breaker, provide existing theoretical models and predictions related to each type of circuit breaker, and present findings from empirical studies to justify or disqualify the existence of circuit breakers. In addition, we synthesize existing studies and offer directions for further research in this area.
VL  - 13
CP  - 3
U2  - a
U4  - 649910272
ID  - 649910272
ER  - 

TY  - HEAR
T1  - Price limits and overreaction
Y1  - 2003
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
KW  - Finance
JA  - Financial Management Association Annual Meeting
CY  - Denver CO
U2  - c
U4  - 649930752
ID  - 649930752
ER  - 

TY  - HEAR
T1  - The relative performance between price limits and trading halts: Spanish evidence
Y1  - 2003
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
A1  - Yague,Jose
KW  - Finance
JA  - Financial Management Association Annual Meeting
CY  - Denver CO
U2  - c
U4  - 649922560
ID  - 649922560
ER  - 

TY  - HEAR
T1  - The relative performance between price limits and trading halts: Spanish evidence
Y1  - 2003
A1  - Yang,Jimmy
A1  - Kim ,Yong  H.
A1  - Yague,Jose
KW  - Finance
JA  - Seminar at the 91ÆÞÓÑ
CY  - Corvallis, OR
U2  - c
U4  - 649924608
ID  - 649924608
ER  - 

TY  - HEAR
T1  - The relative performance between price limits and trading halts: Spanish evidence
Y1  - 2002
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
A1  - Yague,Jose
KW  - Finance
JA  - Finance workshop at the University of Cincinnati
U2  - c
U4  - 649932800
ID  - 649932800
ER  - 

TY  - HEAR
T1  - The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange
Y1  - 2001
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
KW  - Finance
JA  - Financial Management Association Annual Doctoral Student Seminar
CY  - Toronto, Canada
U2  - c
U4  - 649926656
ID  - 649926656
ER  - 

TY  - HEAR
T1  - The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange
Y1  - 2001
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
KW  - Finance
JA  - Finance workshop at the University of Cincinnati
U2  - c
U4  - 649918464
ID  - 649918464
ER  - 

TY  - HEAR
T1  - The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange
Y1  - 2001
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
KW  - Finance
JA  - Midwest Finance Association Annual Meeting
CY  - Cleveland OH
U2  - c
U4  - 649928704
ID  - 649928704
ER  -