Wenlan Qian

HKU Business School

Professor of Finance

Pokfulam Road

Hong Kong, Pokfulam HK

China

http://sites.google.com/site/wenlanqian/

National University of Singapore - NUS Business School

Associate Professor of Finance

15 Kent Ridge Drive

Singapore 117592, 119245

Singapore

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 2,321

SSRN RANKINGS

Top 2,321

in Total Papers Downloads

18,948

SSRN CITATIONS
Rank 4,138

SSRN RANKINGS

Top 4,138

in Total Papers Citations

209

CROSSREF CITATIONS

119

Scholarly Papers (34)

1.

The Impact of the COVID-19 Pandemic on Consumption: Learning from High Frequency Transaction Data

Number of pages: 51 Posted: 06 Apr 2020 Last Revised: 22 Aug 2021
Haiqiang Chen, Wenlan Qian and Qiang Wen
Xiamen University, HKU Business School and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 5,697 (1,701)
Citation 53

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COVID-19, coronavirus, pandemic, consumption, economic impact, policy response, fiscal stimulus, transaction data

2.

The Real Impact of FinTech: Evidence from Mobile Payment Technology

Number of pages: 58 Posted: 13 Apr 2020 Last Revised: 26 Dec 2020
National University of Singapore, HKU Business School, National University of Singapore (NUS) - NUS Business School, National University of Singapore (NUS), Department of Economics and National University of Singapore - Business School
Downloads 1,906 (10,854)
Citation 5

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FinTech, Mobile payment, Cash, Credit card, Real effect, Small business, Business creation, Entrepreneurship, Consumption, Banking, Digital economy, Transaction cost, Inclusive growth

3.
Downloads 1,637 ( 13,816)
Citation 29

How Constraining Are Limits to Arbitrage?

Institute of Global Finance Working Paper No. 7
Number of pages: 69 Posted: 20 Nov 2013 Last Revised: 06 May 2016
Centre for Economic Policy Research (CEPR)Stockholm School of Economics and HKU Business School
Downloads 1,554 (14,705)
Citation 2

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Informational arbitrage, limits to arbitrage, short sale constraints, mispricing, short selling, activist short sellers, trading strategies, behavioral finance, market efficiency

How Constraining are Limits to Arbitrage? Evidence from a Recent Financial Innovation

Number of pages: 52 Posted: 25 Jan 2014 Last Revised: 12 Sep 2021
Centre for Economic Policy Research (CEPR)Stockholm School of Economics and HKU Business School
Downloads 83 (378,290)
Citation 13

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4.

Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission

Number of pages: 60 Posted: 27 Dec 2018 Last Revised: 14 Oct 2020
National University of Singapore, Wisconsin School of Business, University of Wisconsin-Madison, Peking University, Nankai University, HKU Business School and National University of Singapore (NUS) - NUS Business School
Downloads 897 (33,701)
Citation 3

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Consumption, Monetary Policy, Disposable Income Shocks, MPC, Mortgage, Housing, Policy, Constraints, Credit Access, Wealthy Hand-to-Mouth, Debt, Deleverage, Credit Cards, Household Finance, China

5.

Mobile Wallet and Entrepreneurial Growth

Number of pages: 30 Posted: 27 Dec 2018
National University of Singapore, HKU Business School, National University of Singapore - Business School and Hong Kong Baptist University (HKBU)
Downloads 784 (40,557)
Citation 9

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mobile wallet, cashless payment, entrepreneurship, small business, sales growth, credit card, debit card, banking, fintech, digital economy

6.

Consumption and Debt Response to Unanticipated Income Shocks: Evidence from a Natural Experiment in Singapore

Number of pages: 77 Posted: 04 Apr 2013 Last Revised: 24 Jul 2014
Sumit Agarwal and Wenlan Qian
National University of Singapore and HKU Business School
Downloads 758 (42,472)
Citation 59

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Consumption, Spending, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Fiscal Policy, Tax Rebates, Liquidity Constraints, Credit Constraints, Precautionary Savings, Anticipated and Unanticipated Income Shocks, Announcement Effects.

7.

Thy Neighbor’s Misfortune: Peer Effect on Consumption

American Economic Journal: Economic Policy, forthcoming
Number of pages: 78 Posted: 19 May 2016 Last Revised: 12 Oct 2020
Sumit Agarwal, Wenlan Qian and Xin Zou
National University of Singapore, HKU Business School and Hong Kong Baptist University (HKBU)
Downloads 667 (50,447)
Citation 17

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Peer Effect, Social Multiplier, Consumption, Spending, Bankruptcy, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending

8.

Disaggregated Sales and Stock Returns

Management Science, forthcoming, Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 56 Posted: 09 Jan 2017 Last Revised: 29 Mar 2021
Sumit Agarwal, Wenlan Qian and Xin Zou
National University of Singapore, HKU Business School and Hong Kong Baptist University (HKBU)
Downloads 639 (53,309)
Citation 3

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return predictability, informed investors, disaggregated sales, customer demand, credit cards, consumption, household finance, financial institution, big data

9.

Disguised Corruption: Evidence from Consumer Credit in China

Number of pages: 68 Posted: 13 Apr 2018 Last Revised: 06 Dec 2018
National University of Singapore, HKU Business School, Stanford University and The University of Hong Kong - Faculty of Business and EconomicsThe University of Hong Kong - Faculty of Business and Economics
Downloads 619 (55,552)
Citation 14

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Corruption, Credit Cards, Credit, Debt, Household Finance, Government, Bureaucrats, Banking, Political Connections, China

10.

Age of Decision: Pension Savings Withdrawal and Consumption and Debt Response

Number of pages: 56 Posted: 28 Aug 2014 Last Revised: 24 Apr 2018
Sumit Agarwal, Jessica Pan and Wenlan Qian
National University of Singapore, National University of Singapore (NUS) and HKU Business School
Downloads 606 (56,993)
Citation 10

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Aging, Pension Savings, Consumption, Spending, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Liquidity Constraints, Credit Constraints

11.

Access to Home Equity and Consumption: Evidence from a Policy Experiment

Number of pages: 47 Posted: 19 Jun 2013 Last Revised: 30 Sep 2015
Sumit Agarwal and Wenlan Qian
National University of Singapore and HKU Business School
Downloads 576 (60,736)
Citation 14

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Consumption, Spending, Debt, Credit Cards, Home Equity, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Precautionary Savings, Credit Constraints

12.

Competition of the Informed: Does the Presence of Short Sellers Affect Insider Selling?

Journal of Financial Economics (JFE), Forthcoming, INSEAD Working Paper No. 2014/63/FIN
Number of pages: 51 Posted: 10 Dec 2014 Last Revised: 11 Dec 2014
Massimo Massa, Wenlan Qian, Weibiao Xu and Hong Zhang
INSEAD - Finance, HKU Business School, National University of Singapore (NUS) and Tsinghua University - PBC School of Finance
Downloads 572 (61,283)
Citation 9

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Short Selling, Insider Trading, Informed Trader, Market Efficiency

13.

The Effect of Wealth Shocks on Shirking: Evidence from the Housing Market

Number of pages: 64 Posted: 19 Jun 2018 Last Revised: 06 Apr 2021
Quanlin Gu, Jia He, Wenlan Qian and Yuan Ren
Peking University, Nankai University, HKU Business School and National University of Singapore (NUS) - NUS Business School
Downloads 444 (83,695)
Citation 3

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Labor supply, shirking, effort, wealth effect, housing wealth, incentive cost, productivity, credit card, household finance, China

Tax Differential and Cross-Border Shopping: Evidence from Singapore

Number of pages: 49 Posted: 08 May 2013 Last Revised: 02 Mar 2017
National University of Singapore, Office of the Comptroller of the Currency (OCC), HKU Business School and National University of Singapore (NUS)
Downloads 254 (153,612)
Citation 3

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Consumption, Spending, Credit Cards, Household Finance, Banks, Discretionary Spending, Fiscal Policy, Tax

Tax Differential and Cross-Border Shopping: Evidence from Singapore

Georgetown McDonough School of Business Research Paper No. 3038550
Number of pages: 41 Posted: 19 Sep 2017 Last Revised: 12 Apr 2018
National University of Singapore, Office of the Comptroller of the Currency (OCC), HKU Business School and Nankai University - School of Finance
Downloads 88 (364,827)
Citation 3

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Cross Border Shopping, Consumption, Spending, Credit Cards, Household Finance, Banks, Discretionary Spending, Fiscal Policy, Taxation

15.

Golf Buddies and Board Diversity

Number of pages: 17 Posted: 13 Dec 2015
National University of Singapore, HKU Business School, National University of Singapore and National University of Singapore (NUS) - Department of Real Estate
Downloads 337 (114,697)
Citation 1

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Board of Directors, Golf, Gender, Board Diversity

16.

Speculative Investors and Transactions Tax: Evidence from the Housing Market

Number of pages: 51 Posted: 19 Sep 2011 Last Revised: 22 Apr 2015
Yuming Fu, Wenlan Qian and Bernard Yin Yeung
National University of Singapore, HKU Business School and National University of Singapore - Business School
Downloads 318 (122,150)
Citation 2

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transaction tax, volatility, speculators, informed traders, noise traders, housing market

17.

Employee Output Response to Stock Market Wealth Shocks

Number of pages: 51 Posted: 27 Aug 2020 Last Revised: 07 Oct 2021
Teng Li, Wenlan Qian, Wei A. Xiong and Xin Zou
Sun Yat-sen University, HKU Business School, Shenzhen Stock Exchange and Hong Kong Baptist University (HKBU)
Downloads 288 (135,667)

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Stock Investment Return, Stock Market Wealth, Consumption, Worker Output, Work Performance, Labor Supply, Reference Dependence, Household Finance

18.

Fortunes of Dragons: Cohort Size Effects on Life Outcomes

Agarwal, Sumit, Wenlan Qian, Tien Foo Sing and Poh Lin Tan. 2021. Fortunes of Dragons: Cohort Size Effects on Life Outcomes. Population Studies 75(2): 191-207. DOI: 10.1080/00324728.2020.1864458
Number of pages: 43 Posted: 08 Sep 2017 Last Revised: 08 Sep 2021
National University of Singapore, HKU Business School, National University of Singapore (NUS) - Department of Real Estate and National University of Singapore (NUS) - Lee Kuan Yew School of Public Policy
Downloads 271 (144,504)
Citation 6

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Cohort Size, Cohort Effect, Superstition, Fertility, Education, Income, Consumption, Consumer Behavior, Household Finance

19.

The Composition Effect of Consumption around Retirement: Evidence from Singapore

Number of pages: 18 Posted: 01 Nov 2014
Sumit Agarwal, Jessica Pan and Wenlan Qian
National University of Singapore, National University of Singapore (NUS) and HKU Business School
Downloads 258 (151,813)
Citation 7

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Life Cycle, Aging, Pension Savings, Consumption, Spending, Debt, Credit Cards, Household Finance, Banks, Loans, Durable Goods, Discretionary Spending, Liquidity Constraints, Credit Constraints

20.

The Effectiveness of Housing Collateral Tightening Policy

Number of pages: 46 Posted: 15 Feb 2017 Last Revised: 12 Apr 2018
National University of Singapore, National University of Singapore (NUS) and HKU Business School
Downloads 198 (195,305)
Citation 7

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credit supply, mortgage market, household finance

21.

The Ownership Complaint Gap: Mutual vs. Stock Intermediaries

Number of pages: 46 Posted: 16 Feb 2019
Jiang Cheng, Wenlan Qian and David M. Reeb
Lingnan University, HKU Business School and National University of Singapore
Downloads 148 (250,616)
Citation 1

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Organizational Structure; Insurance; Regulation; Consumer Complaints; Financial Intermediary; Ownership; Consumer Financial Protection; Property-Casualty; Claim Delay; Claim Denial

22.

The Hidden Peril: The Role of the Condo Loan Market in the Recent Financial Crisis

Number of pages: 48 Posted: 08 Nov 2012 Last Revised: 07 May 2014
National University of Singapore, Wisconsin School of Business, University of Wisconsin-Madison, National University of Singapore (NUS) - Department of Real Estate and HKU Business School
Downloads 143 (257,645)
Citation 2

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Financial Crisis, Condo Market, Default, Mortgages, Household Finance, Investors, Speculators, Subprime Mortgages

23.

Short Term Buyers and Housing Market Dynamics

Number of pages: 45 Posted: 12 Sep 2008 Last Revised: 01 Feb 2012
Robert H. Edelstein and Wenlan Qian
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and HKU Business School
Downloads 126 (284,002)
Citation 1

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transaction cost, trading volume, return predictability, housing market, short term investors

24.

Singles Day and Consumer Spending Offline

Number of pages: 47 Posted: 29 Jun 2020 Last Revised: 30 Nov 2020
Haiqiang Chen and Wenlan Qian
Xiamen University - Wang Yanan Institute for studies in Economics and HKU Business School
Downloads 125 (285,692)

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Spending, Consumption, E-Commerce, Online, Offline, Redistributive Effect, Stimulus Program, Credit Card, Debit Card, Household Finance, Shopping Holiday, Singles Day, China

Speculators and Price Overreaction in the Housing Market

Number of pages: 42 Posted: 18 Mar 2011 Last Revised: 23 Oct 2012
Yuming Fu and Wenlan Qian
National University of Singapore and HKU Business School
Downloads 112 (310,626)

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short-term speculators, price overreaction, momentum trading, housing market

Speculators and Price Overreaction in the Housing Market

Real Estate Economics, Vol. 42, Issue 4, pp. 977-1007, 2014
Number of pages: 31 Posted: 28 Nov 2014
Yuming Fu and Wenlan Qian
National University of Singapore and HKU Business School
Downloads 1 (837,877)
Citation 3
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Speculators and Price Overreaction in the Housing Market

Real Estate Economics, Forthcoming
Posted: 17 Apr 2013
Yuming Fu and Wenlan Qian
National University of Singapore and HKU Business School

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short-term speculators, price overreaction, momentum trading, housing market

26.

Unintended Consequences of Demand-Side Housing Policies: Evidence from Capital Reallocation

Number of pages: 58 Posted: 15 Apr 2020
Wenlan Qian, Hong Tu, Jing Wu and Weibiao Xu
HKU Business School, School of Finance,Nankai University, Tsinghua University - Hang Lung Center for Real Estate and Nankai University - School of Finance
Downloads 99 (335,743)
Citation 1

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housing market, housing demand, housing policies, expectation formation, extrapolative belief, stock market participation, investment choice, resource allocation

Why Do Sellers Hold Out in the Housing Market? An Option-Based Explanation

Number of pages: 44 Posted: 24 Jul 2010 Last Revised: 31 Jan 2012
Wenlan Qian
HKU Business School
Downloads 87 (367,445)
Citation 1

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trading volume, real estate liquidity, housing market, real options

Why Do Sellers Hold Out in the Housing Market? An Option‐Based Explanation

Real Estate Economics, Vol. 41, Issue 2, pp. 384-417, 2013
Number of pages: 34 Posted: 18 Jun 2013
Wenlan Qian
HKU Business School
Downloads 0
Citation 1
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Why Do Sellers Hold Out in the Housing Market? An Option-Based Explanation

Real Estate Economics, Forthcoming
Posted: 22 Feb 2012
Wenlan Qian
HKU Business School

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trading volume, liquidity, housing market, real options

28.

Consumption Response to Temporary Price Shock: Evidence from Singapore's Annual Sale Event

Georgetown McDonough School of Business Research Paper No. 3035787
Number of pages: 42 Posted: 14 Sep 2017 Last Revised: 07 Oct 2017
Sumit Agarwal, Kang Mo Koo and Wenlan Qian
National University of Singapore, Deakin University-Department of Finance and HKU Business School
Downloads 86 (366,870)

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Consumption, Great Singapore Sale, credit card, debit card, household finance, spending, transitory shocks, fiscal stimulus program

29.

Supporting Seniors: How Low-Income Elderly Individuals Respond to a Retirement Support Program

Number of pages: 65 Posted: 14 Jul 2020 Last Revised: 22 Mar 2021
National University of Singapore, HKU Business School, National University of Singapore (NUS) - Department of Finance and National University of Singapore - Business School
Downloads 78 (388,658)

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retirement support, cash transfer, consumption, liquidity constraints

30.
Downloads 59 (450,296)
Citation 5

How Constraining Are Limits to Arbitrage?

27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 57 Posted: 22 Aug 2014
Centre for Economic Policy Research (CEPR)Stockholm School of Economics and HKU Business School
Downloads 48 (502,494)
Citation 2

Abstract:

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Informational arbitrage, limits to arbitrage; short sale constraints; mispricing; short selling; activist short sellers; trading strategies; behavioral finance; market efficiency

How Constraining are Limits to Arbitrage?

Number of pages: 58 Posted: 29 Jul 2014
Centre for Economic Policy Research (CEPR)Stockholm School of Economics and HKU Business School
Downloads 11 (745,039)
Citation 5

Abstract:

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informational arbitrage; limits to arbitrage; short sale constraints; mispricing; short selling; activist short sellers; trading strategies; behavioral finance; market efficiency

31.

Consumption and Savings Response to Permanent Tax Increase

Number of pages: 50 Posted: 24 Apr 2020 Last Revised: 22 Oct 2020
National University of Singapore, HKU Business School, National University of Singapore - Business School and National University of Singapore
Downloads 48 (493,633)

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Income Tax, Consumption, Richardian Equivalence, Redistributive Policy, Fiscal Policy

32.

Speculative Investors and Tobin&Apos;S Tax in the Housing Market

Number of pages: 44 Posted: 06 Sep 2013 Last Revised: 05 Jul 2021
Yuming Fu, Wenlan Qian and Bernard Yin Yeung
National University of Singapore, HKU Business School and National University of Singapore - Business School
Downloads 22 (635,388)

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33.

Short-Term Buyers and Housing Market Dynamics

Journal of Real Estate Finance and Economics, Vol. 49, No. 4, 2014
Posted: 15 Nov 2014
Robert H. Edelstein and Wenlan Qian
University of California, Berkeley - Fisher Center for Real Estate and Urban Economics and HKU Business School

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Trading volume; Return predictability; Housing markets; Short term buyers

34.

Tying the Knot in a New Home: Consumption Responses to a Pro-Marriage Housing Policy

Number of pages: 44
Sumit Agarwal, Yi Fan, Wenlan Qian and Tien Foo Sing
National University of Singapore, National University of Singapore (NUS) - Department of Real Estate, HKU Business School and National University of Singapore (NUS) - Department of Real Estate
Downloads 0

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public housing, affordability, private consumption, marriage friction