Xiangkang Yin

Deakin University

Professor

Melbourne, Victoria

Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

SCHOLARLY PAPERS

52

DOWNLOADS
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Top 7,239

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8,619

SSRN CITATIONS
Rank 17,923

SSRN RANKINGS

Top 17,923

in Total Papers Citations

35

CROSSREF CITATIONS

24

Scholarly Papers (52)

Rumors of Mergers and Acquisitions: Market Efficiency and Markup Pricing

23rd Australasian Finance and Banking Conference 2010 Paper, Finance and Corporate Governance Conference 2011 Paper
Number of pages: 48 Posted: 25 Aug 2010 Last Revised: 02 Mar 2011
affiliation not provided to SSRNRMIT University, University of Lethbridge Calgary Campus and Deakin University
Downloads 625 (58,325)

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Financial rumor, merger and acquisition, markets efficiency, runup, markup, takeover premium

Rumors of Mergers and Acquisitions: Market Efficiency and Markup Pricing

Number of pages: 48 Posted: 14 Mar 2011
affiliation not provided to SSRNRMIT University, University of Lethbridge Calgary Campus and Deakin University
Downloads 29 (638,793)

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Financial Rumor, Merger and Acquisition, Market Efficiency, Runup, Markup, Takeover Premium

2.

Can Developing Countries Benefit from Strategic Export Promotion?

Number of pages: 32 Posted: 08 Dec 2000
Xiangkang Yin and Xiangshuo Yin
Deakin University and Fudan University
Downloads 475 (83,109)

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Export promotion, Export subsidy, Devaluation

Information-Based Trading and Autocorrelation in Individual Stock Returns

FIRN Research Paper No. 2645236, 28th Australasian Finance and Banking Conference
Number of pages: 56 Posted: 17 Aug 2015
Xiangkang Yin and Jing Zhao
Deakin University and La Trobe University
Downloads 416 (96,281)

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Information-based trading, return autocorrelation, private information, dispersion in beliefs

Information-Based Trading and Autocorrelation in Individual Stock Returns

Number of pages: 69 Posted: 29 Sep 2015
Xiangkang Yin and Jing Zhao
Deakin University and La Trobe University - La Trobe Business School
Downloads 43 (556,624)

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Information-based trading, return autocorrelation, private information, dispersion in beliefs

4.

The Effects of Financial Distress and Capital Structure on the Work Effort of Outside Directors

Journal of Empirical Finance, Vol. 17, No. 3, pp. 300-312, Finance and Corporate Governance Conference 2010 Paper
Number of pages: 37 Posted: 12 Jan 2010 Last Revised: 04 Mar 2011
affiliation not provided to SSRNRMIT University, La Trobe University and Deakin University
Downloads 450 (88,637)

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Work effort, Outside director, Financial distress, Financial Leverage, Board meeting

5.

Are the Flows of Exchange-Traded Funds Informative?

Number of pages: 57 Posted: 30 Jul 2018 Last Revised: 25 Jan 2021
Liao Xu, Xiangkang Yin and Jing Zhao
Zhejiang Gongshang University (ZJGSU), Deakin University and La Trobe University
Downloads 386 (105,881)
Citation 1

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Authorized Participant, Exchange-Traded Fund (ETF), Information Asymmetry, Macro News

6.

CEO Power and the Structure of CEO Pay

International Review of Financial Analysis, Forthcoming
Number of pages: 33 Posted: 30 Mar 2009 Last Revised: 04 Oct 2014
Chongwoo Choe, Gloria Yuan Tian and Xiangkang Yin
Monash University - Department of Economics, University of Lethbridge Calgary Campus and Deakin University
Downloads 375 (109,386)
Citation 12

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Managerial power, CEO pay, stock-based compensation

Interaction of Drastic and Incremental Innovations: Economic Development Through Schumpeterian Waves

School of Business Discussion Paper No. A 99.02
Number of pages: 30 Posted: 10 Nov 2000
Xiangkang Yin and Ehud Zuscovitch
Deakin University and Ben-Gurion University, (Deceased)
Downloads 244 (170,832)

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Drastic innovation, Incremental innovation, Development, Schumpeterian dynamics

Interaction of Drastic and Incremental Innovations: Economic Development Through Schumpeterian Waves

Economie Applique, Vol. 54, No. 2, Pp. 7-36, 2001
Number of pages: 30 Posted: 16 May 2002
Xiangkang Yin
Deakin University
Downloads 111 (332,720)

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Drastic innovation, Incremental innovation, Development, Schumpeterian dynamics

A Hidden Markov Model Approach to Information-Based Trading: Theory and Applications

Number of pages: 80 Posted: 22 Mar 2014
Xiangkang Yin and Jing Zhao
Deakin University and La Trobe University - La Trobe Business School
Downloads 306 (135,647)

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Hidden Markov process, Information-based trading, Information asymmetry, Public information, Earnings announcement

A Hidden Markov Model Approach to Information-Based Trading: Theory and Applications

Number of pages: 71 Posted: 28 Sep 2013
Xiangkang Yin and Jing Zhao
Deakin University and La Trobe University - La Trobe Business School
Downloads 25 (667,632)

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Hidden Markov process, Information-based trading, Information asymmetry, Public information, Earnings announcement

A Dynamic Analysis of Overstaff in China's State-Owned Enterprises

La Trobe University, School of Business Working Paper No. A-99.03
Number of pages: 23 Posted: 28 Nov 2000
Xiangkang Yin
Deakin University
Downloads 294 (141,458)
Citation 3

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Chinese Economy, Overstaff, State-Owned Enterprise, Dynamics

A Dynamic Analysis of Overstaff in China's State-Owned Enterprises

Posted: 10 Feb 2003
Xiangkang Yin
Deakin University

Abstract:

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Chinese Economy, Overstaff, State-Owned Enterprise, Dynamics

10.

Share Repurchases and Firm Innovation

Accounting & Finance. Forthcoming
Number of pages: 36 Posted: 20 Aug 2015 Last Revised: 07 Jul 2020
Lily Nguyen, Le Vu and Xiangkang Yin
The University of Queensland - UQ Business School, Centre for Global Business, Monash Business School, Monash University and Deakin University
Downloads 290 (144,219)

Abstract:

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Share repurchase, Firm innovation, Patents

11.

Going-Public vs. Private Sales: A Two-Tiered Agency Approach

Number of pages: 25 Posted: 13 Mar 2001
Xiangkang Yin
Deakin University
Downloads 290 (144,219)
Citation 1

Abstract:

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Going-public, Initial public offering, Private sales, Agency problem, Two-tier managerial hierarchy

12.

Two-Part Tariff Competition in Duopoly

School of Business Discussion Papers, Series A 00.11, La Trobe University
Number of pages: 33 Posted: 07 Dec 2000
Xiangkang Yin
Deakin University
Downloads 277 (151,173)
Citation 4

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Oligopoly, Two-Part Tariff, Cartelization

13.
Downloads 275 (152,223)
Citation 2

Exchange Traded Funds and Stock Market Volatility

Number of pages: 59 Posted: 11 Feb 2015 Last Revised: 24 Jul 2016
Liao Xu and Xiangkang Yin
Zhejiang Gongshang University (ZJGSU) and Deakin University
Downloads 274 (152,096)

Abstract:

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Exchange Traded Fund, Financial Market Index, Market Volatility, Trading Volume

Exchange Traded Funds and Stock Market Volatility

International Review of Finance, Vol. 17, Issue 4, pp. 525-560, 2017
Number of pages: 36 Posted: 07 Dec 2017
Liao Xu and Xiangkang Yin
Zhejiang Gongshang University (ZJGSU) and Deakin University
Downloads 1 (896,405)

Abstract:

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14.

Information Asymmetry, Budget Constraints, and Efficiency and Profitability of Internal Capital Markets

Number of pages: 33 Posted: 02 Sep 2003
Xiangkang Yin
Deakin University
Downloads 272 (153,942)

Abstract:

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Internal capital market, conglomerate, efficient resource allocation, profitability

15.

Should Executive Stock Options Be Abandoned?

Number of pages: 20 Posted: 06 Oct 2004
Chongwoo Choe and Xiangkang Yin
Monash University - Department of Economics and Deakin University
Downloads 264 (158,647)

Abstract:

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Executive stock options, restricted stock, optimal contract

16.

Impact of Corporate Governance on Corporate Financing and Investment During the 2007-2008 Financial Crisis

2013 Financial Markets & Corporate Governance Conference, FIRN Research Paper, 2012 FMA Annual Meeting Conference
Number of pages: 44 Posted: 21 Jan 2013 Last Revised: 05 Jul 2016
Lily Nguyen, Tu Nguyen, Tu Nguyen and Xiangkang Yin
The University of Queensland - UQ Business School, Financial Research Network (FIRN)University of Otago - Department of Accountancy and Finance and Deakin University
Downloads 245 (170,736)
Citation 5

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Corporate Governance, Corporate Financing and Investment, Crisis

17.

Diversification Discount, Information Rents, and Internal Capital Markets

Number of pages: 38 Posted: 16 Jan 2006
Chongwoo Choe and Xiangkang Yin
Monash University - Department of Economics and Deakin University
Downloads 244 (171,411)

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Diversification discount, information rents, internal capital market, multidivisional firm, single-segment firm

18.

Takeover Rumors: Returns and Pricing of the Rumored Targets

Chou, H.-I., Tian, G.Y. & Yin, X., Takeover Rumors: Returns and Pricing of Rumored Targets, International Review of Financial Analysis (2015)
Number of pages: 56 Posted: 15 Mar 2012 Last Revised: 25 Sep 2015
affiliation not provided to SSRNRMIT University, University of Lethbridge Calgary Campus and Deakin University
Downloads 233 (179,235)
Citation 3

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Takeover rumor, merger and acquisition, runup, markup, takeover premium

19.

Attendance of Board Meetings and Company Performance: Evidence from Taiwan

Number of pages: 42 Posted: 13 Dec 2012
Hsin-I Chou, Hsin-I Chou, Huimin Chung and Xiangkang Yin
affiliation not provided to SSRNRMIT University, National Chiao-Tung University - Graduate Institute of Finance and Deakin University
Downloads 228 (183,645)
Citation 6

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board meeting attendance, family controlled firm, ultimate shareholder, firm performance

20.

Managerial Power, Stock-Based Incentives, and Firm Performance

Number of pages: 27 Posted: 17 May 2006
Chongwoo Choe and Xiangkang Yin
Monash University - Department of Economics and Deakin University
Downloads 228 (182,917)

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Managerial power, agency theory, stock-based incentives, firm performance

21.

Does ETF Trading Affect the Efficiency of the Underlying Index?

28th Australasian Finance and Banking Conference
Number of pages: 69 Posted: 17 Aug 2015 Last Revised: 28 Jul 2016
Liao Xu and Xiangkang Yin
Zhejiang Gongshang University (ZJGSU) and Deakin University
Downloads 227 (183,645)

Abstract:

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Exchange Traded Fund, Financial Market Index, Price Efficiency, Information Share, Price Discovery

The Strategic Choice of Managers and Managerial Discretion

Number of pages: 29 Posted: 10 Apr 2002
Xiangkang Yin
Deakin University
Downloads 164 (245,727)

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Corporate Governance, Agency Problem, Managerial Monitoring and Compensation, Managerial Discretion, Oligopoly

The Strategic Choice of Managers and Managerial Discretion

Number of pages: 13 Posted: 06 Dec 2003
Xiangkang Yin
Deakin University
Downloads 20 (707,273)

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23.

Information and Capital Asset Pricing

Number of pages: 54 Posted: 31 May 2007
Baibing Li and Xiangkang Yin
Loughborough University and Deakin University
Downloads 154 (258,509)

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Asset Pricing, Asymmetric Information, CAPM anomaly, Rational Expectations Equilibrium

24.

The Effects of Product Ageing on Demand: The Case of Digital Cameras

Number of pages: 45 Posted: 08 Nov 2008
Weifang Lou, David Prentice and Xiangkang Yin
La Trobe University - School of Economics and Finance, Infrastructure Victoria and Deakin University
Downloads 149 (265,514)
Citation 1

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Discrete Choice, Demand Dynamics, Forward-Looking Behavior, Heterogeneous Preferences

25.

Pigouvian Taxes Under Oligopoly with Inter-Firm Externalities

Number of pages: 18 Posted: 30 Apr 2002
Xiangkang Yin
Deakin University
Downloads 145 (271,366)
Citation 1

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Pigouvian Tax, Oligopoly, Externality, Pollution

26.

Does Competition Definitely Benefit Consumers? A Case of Two-Part Tariffs

Number of pages: 17 Posted: 08 Nov 2006
Xiangkang Yin
Deakin University
Downloads 128 (298,605)
Citation 2

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Monopoly, Duopoly, Competition, Two-part Tariff, Consumer Surplus

27.

A Comparison of Centralized and Fragmented Markets with Costly Search

Number of pages: 42 Posted: 23 Jun 2004
Xiangkang Yin
Deakin University
Downloads 121 (311,299)
Citation 8

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search cost, inventory position, market transparency, ask-bid spread, centralized market, fragmented market

28.

A Hidden Markov Process Approach to Information-Based Trading

Number of pages: 79 Posted: 16 Mar 2012
Xiangkang Yin and Jing Zhao
Deakin University and La Trobe University - La Trobe Business School
Downloads 103 (347,717)

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Hidden Markov process, Information-based trading, Monte Carlo simulation

29.

The Undesirable Effect of Audit Quality: Evidence from Firm Innovation

British Accounting Review, Forthcoming
Number of pages: 49 Posted: 31 Jul 2020
Lily Nguyen, Le Vu and Xiangkang Yin
The University of Queensland - UQ Business School, Centre for Global Business, Monash Business School, Monash University and Deakin University
Downloads 78 (412,392)
Citation 1

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audit quality, innovation, financial reporting, managerial myopia

30.

Risk-Averse Firms and Two-Part Tariffs under Uncertainty

Number of pages: 42 Posted: 13 Nov 2008
Xiangkang Yin
Deakin University
Downloads 78 (412,392)
Citation 1

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Monopoly, Oligopoly, Two-Part Tariff, Risk Aversion

31.

The Impact of Global Financial Crisis on Mortgage Pricing and Credit Supply

2012 Financial Markets & Corporate Governance Conference
Number of pages: 42 Posted: 15 Dec 2011 Last Revised: 05 Jul 2016
Weifang (Angela) Lou and Xiangkang Yin
La Trobe University and Deakin University
Downloads 74 (424,653)

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Banking, Credit, Global Financial Crisis, Liquidity, Mortgage Pricing

32.

Constructing Quality-Adjusted Price Index for a Hetrogeneous Oligopoly

Number of pages: 29 Posted: 09 Sep 2003
David Prentice and Xiangkang Yin
Infrastructure Victoria and Deakin University
Downloads 72 (431,055)

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Quality Adjustment, Price Index, Automobile Industry, Oligopoly

33.
Downloads 71 (434,337)
Citation 2

Competition Can Harm Consumers

Number of pages: 16 Posted: 17 Jun 2008
Simon Cowan and Xiangkang Yin
University of Oxford - Department of Economics and Deakin University
Downloads 70 (443,168)
Citation 2

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Duopoly, Competition, Two-part Tariff, Consumer Surplus

Competition Can Harm Consumers

Australian Economic Papers, Vol. 47, Issue 3, pp. 264-271, September 2008
Number of pages: 8 Posted: 22 Aug 2008
Simon Cowan and Xiangkang Yin
University of Oxford - Department of Economics and Deakin University
Downloads 1 (896,405)

Abstract:

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34.

Nonlinear Pricing by Risk-Averse Principals

Number of pages: 33 Posted: 17 Jun 2008
Suren Basov and Xiangkang Yin
University of Melbourne - Department of Economics and Deakin University
Downloads 69 (441,021)
Citation 1

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nonlinear pricing, risk aversion, random participation, monopoly, duopoly

35.

Measuring Quality-Adjusted Inflation Rates for a Heterogeneous Oligopoly

School of Business Discussion Paper No. A 00.06
Number of pages: 41 Posted: 06 Dec 2000
David Prentice and Xiangkang Yin
Infrastructure Victoria and Deakin University
Downloads 61 (469,324)
Citation 2

Abstract:

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36.

The Bright Side of Co-Opted Boards: Evidence from Firm Innovation

The Financial Review, Forthcoming
Number of pages: 41 Posted: 31 Jul 2020
Lily Nguyen, Le Vu and Xiangkang Yin
The University of Queensland - UQ Business School, Centre for Global Business, Monash Business School, Monash University and Deakin University
Downloads 52 (504,927)

Abstract:

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corporate governance, board of directors, innovation, patents, citations

37.

Risk-Averse Firm and Two-Part Tariffs

Number of pages: 34 Posted: 08 May 2010
Xiangkang Yin
Deakin University
Downloads 50 (513,383)

Abstract:

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Monopoly, Two-Part Tariff, Risk Aversion

38.

What Determines the Acquirers’ Location Preferences and Ownership Outcomes? An Empirical Study of East and Southeast Asian Markets

2016 Financial Markets and Corporate Governance
Number of pages: 55 Posted: 23 Jan 2016 Last Revised: 22 Jul 2016
Man Dang, Darren Henry and Xiangkang Yin
Danang University of Economics, La Trobe University - Department of Economics and Finance and Deakin University
Downloads 34 (592,274)

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Target firms; Acquisition location; Equity ownership outcomes; Corporate governance; Propensity score matching; Difference-In-Differences approach

39.

Risk-Averse Seller and Two-Part Tariffs

Number of pages: 42 Posted: 07 Nov 2010
Xiangkang Yin
Deakin University
Downloads 32 (603,700)

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Monopoly, Two-Part Tariff, Risk Aversion

40.

Variables in Dollar Terms Versus in Rate Terms: The Case of Market Feedback on Merger Negotiations

Number of pages: 26 Posted: 11 Feb 2015
affiliation not provided to SSRNRMIT University, Loughborough University, Deakin University and La Trobe University
Downloads 30 (615,759)

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Takeover, offer premium, runup, markup, feedback loop

41.

Constructing a Quality-Adjusted Price Index for a Heterogeneous Oligopoly

Number of pages: 20 Posted: 30 Jun 2004
David Prentice and Xiangkang Yin
Infrastructure Victoria and Deakin University
Downloads 24 (655,680)

Abstract:

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42.

The Effects of Information-Based Trading on Daily Returns and Risk of Individual Stocks

26th Australasian Finance and Banking Conference 2013
Number of pages: 61 Posted: 17 Aug 2013
Xiangkang Yin and Jing Zhao
Deakin University and La Trobe University - La Trobe Business School
Downloads 22 (670,155)

Abstract:

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43.

The Capitalization Effect of Imputation Credits on Expected Stock Returns

Number of pages: 54 Posted: 27 Dec 2019
Anh Le, Xiangkang Yin and Jing Zhao
School of Economics, Finance and Marketing, RMIT University, Deakin University and La Trobe University - La Trobe Business School
Downloads 20 (684,949)

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Dividend imputation; Taxation; Stock returns; Risk tolerance

44.

The Impact of the Global Financial Crisis on Mortgage Pricing and Credit Supply

Number of pages: 45 Posted: 14 Feb 2013
Weifang (Angela) Lou and Xiangkang Yin
La Trobe University and Deakin University
Downloads 12 (749,635)

Abstract:

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Banking, Credit, Global Financial Crisis, Liquidity, Mortgage Pricing

45.

Liquidity Supply by a Risk‐Averse Market Maker

Economic Record, Vol. 87, Issue 279, pp. 617-628, 2011
Number of pages: 12 Posted: 13 Nov 2011
Suren Basov and Xiangkang Yin
University of Melbourne - Department of Economics and Deakin University
Downloads 2 (844,597)

Abstract:

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46.

When is a Firm's Information Asymmetry Priced? The Role of Institutional Investors

International Review of Finance, Vol. 15, Issue 1, pp. 55-88, 2015
Number of pages: 34 Posted: 04 Mar 2015
Hoang Luong, Lily Nguyen and Xiangkang Yin
The University of Queensland - UQ Business School, The University of Queensland - UQ Business School and Deakin University
Downloads 1 (858,155)

Abstract:

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47.

Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes: A Case with Product Differentiation

Australian Economic Papers, Vol. 36, Issue 68, pp. 14-22, 2008
Number of pages: 9 Posted: 16 Mar 2011
Xiangkang Yin and Ng Yew-Kwang
Deakin University and affiliation not provided to SSRN
Downloads 1 (858,155)

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48.

Differently Motivated ETF Trading Activities and the Volatility of the Underlying Index

FIRN Research Paper No. 2805276
Posted: 08 Jul 2016 Last Revised: 17 Apr 2019
Liao Xu, Xiangkang Yin and Jing Zhao
Zhejiang Gongshang University (ZJGSU), Deakin University and La Trobe University - La Trobe Business School

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Exchange Traded Fund, Index Return Volatility, Efficient Price, Private Information, Investor Disagreement, Information-based Trading.

49.

How Does the Investment Horizon of Institutional Investors of a Firm Affect the Information Asymmetry of its Stock?

Posted: 13 Mar 2012 Last Revised: 05 Jul 2016
Hoang Luong, Lily Nguyen and Xiangkang Yin
The University of Queensland - UQ Business School, The University of Queensland - UQ Business School and Deakin University

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Institutional Investors, Investment Horizon, Private Information, Information Asymmetry, Firm-specific Information

50.

Institutional Investors, Private Information, and the Cost of Capital

2012 Financial Management Association (FMA) European Conference, Istanbul
Posted: 15 Dec 2011 Last Revised: 13 Apr 2019
Hoang Luong, Lily Nguyen and Xiangkang Yin
The University of Queensland - UQ Business School, The University of Queensland - UQ Business School and Deakin University

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Institutional Ownership, Informed Trading, Private Information, Cost of Capital

51.

A Model of Shareholder Discounts

Posted: 08 Dec 2000
Xiangkang Yin
Deakin University

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52.

A Tractable Alternative to Cobb-Douglas Utility for Imperfect Competition

Posted: 07 Dec 2000
Xiangkang Yin
Deakin University

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Other Papers (2)

Total Downloads: 33
1.

An Impact of Investor Tax Heterogeneity on Ex-Dividend Trading: Evidence from Australia

27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 51 Posted: 22 Aug 2014
Anh Le, Xiangkang Yin and Jing Zhao
La Trobe University - Business School, Deakin University and La Trobe University - La Trobe Business School
Downloads 27 (477,827)

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Ex-dividend, Trading Volume, Institutional Ownership, Franking Credit, Dividend imputation system

2.

Informed Trading Around Earnings Announcements in Australia

2019 Financial Markets & Corporate Governance Conference
Number of pages: 51 Posted: 17 Jan 2019
Anh Le, Xiangkang Yin and Jing Zhao
School of Economics, Finance and Marketing, RMIT University, Deakin University and La Trobe University - La Trobe Business School
Downloads 6

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Earnings announcement; Institutional investor; Superannuation fund; Foreign and domestic investors; Informed trading