Gaiyan Zhang

University of Missouri at St. Louis - College of Business Administration

Finance Board Scholar and Professor of Finance

One University Blvd

St. Louis, MO 63121

United States

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 11,525

SSRN RANKINGS

Top 11,525

in Total Papers Downloads

5,832

SSRN CITATIONS
Rank 4,739

SSRN RANKINGS

Top 4,739

in Total Papers Citations

77

CROSSREF CITATIONS

206

Scholarly Papers (22)

1.

Are the U.S. Stock Market and Credit Default Swap Market Related? Evidence from the CDX Indices

Journal of Alternative Investments, Summer 2008
Number of pages: 47 Posted: 07 Jul 2008 Last Revised: 02 Nov 2009
University of Missouri at Saint Louis - College of Business Administration, Southern Illinois University Edwardsville, Seattle University and University of Missouri at St. Louis - College of Business Administration
Downloads 777 (44,259)
Citation 3

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credit default swap (CDS) index, information efficiency, price discovery

2.

Information Effects of Bond Rating Changes: The Role of the Rating Prior to the Announcement

Journal of Fixed Income, Spring 2007
Number of pages: 28 Posted: 01 Nov 2009
Philippe Jorion and Gaiyan Zhang
University of California, Irvine - Paul Merage School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 732 (48,018)
Citation 6

Abstract:

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credit rating agencies, market reaction, event study, default probability

3.

Do Credit Default Swaps Predict Currency Values?

Applied Financial Economics, Forthcoming
Number of pages: 44 Posted: 01 Nov 2009
Gaiyan Zhang, Jot Yau and Hung-Gay Fung
University of Missouri at St. Louis - College of Business Administration, Seattle University and University of Missouri at Saint Louis - College of Business Administration
Downloads 392 (103,785)

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Credit default Swaps, foreign exchange rates, lead-lag relationship, carry trade

The Determinants of Global Bank Credit-Default-Swap Spreads

Bank of Finland Research Discussion Paper No. 33/2014, Gabelli School of Business, Fordham University Research Paper No. 2770433
Number of pages: 45 Posted: 26 Apr 2016
Iftekhar Hasan, Liuling Liu and Gaiyan Zhang
Fordham University, Bowling Green State University - College of Business Administration and University of Missouri at St. Louis - College of Business Administration
Downloads 223 (186,010)
Citation 5

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The Determinants of Global Bank Credit-Default-Swap Spreads

Bank of Finland Research Discussion Paper No. 33/2014
Number of pages: 45 Posted: 08 Jan 2015
Iftekhar Hasan, Liuling Liu and Gaiyan Zhang
Fordham University, Bowling Green State University - College of Business Administration and University of Missouri at St. Louis - College of Business Administration
Downloads 162 (247,874)
Citation 6

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bank credit default swaps, structural models, CAMELS, global banks

5.

Institutional Ownership and Credit Spreads: An Information Asymmetry Perspective

Journal of Empirical Finance, Vol. 16, 2009
Number of pages: 34 Posted: 22 Mar 2007 Last Revised: 02 Nov 2009
Ashley Wang and Gaiyan Zhang
Board of Governors of the Federal Reserve System and University of Missouri at St. Louis - College of Business Administration
Downloads 372 (110,133)
Citation 3

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Institutional ownership, credit spreads, information asymmetry, corporate governance

6.

Good and Bad Credit Contagion: Evidence from Credit Default Swaps

Journal of Financial Economics, Vol. 84, 2007
Number of pages: 39 Posted: 01 Nov 2009
Philippe Jorion and Gaiyan Zhang
University of California, Irvine - Paul Merage School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 371 (110,473)
Citation 21

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credit default swaps, bankruptcy, contagion, market reaction, event study

7.

On the Relationship between Asian Sovereign Credit Default Swap Markets and Equity Markets

Journal of Asian Business Studies, Forthcoming
Number of pages: 31 Posted: 01 Nov 2009
Kam C. Chan, Hung-Gay Fung and Gaiyan Zhang
Western Kentucky University - Department of Accounting and Finance, University of Missouri at Saint Louis - College of Business Administration and University of Missouri at St. Louis - College of Business Administration
Downloads 330 (125,747)
Citation 1

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Sovereign credit default swaps, capital structure arbitrage, price discovery, feedback effect

8.

On the Imbalances between the Real Estate Market and Stock Markets in China

Chinese Economy, Vol. 2, 2006
Number of pages: 22 Posted: 01 Nov 2009
Gaiyan Zhang and Hung-Gay Fung
University of Missouri at St. Louis - College of Business Administration and University of Missouri at Saint Louis - College of Business Administration
Downloads 309 (134,637)

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China, Real estate market, stock market, granger-causality, financial development

9.
Downloads 305 (136,545)
Citation 7

Financial Firm Bankruptcy and Contagion

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 66 Posted: 26 Aug 2012 Last Revised: 19 Jun 2013
Jean Helwege and Gaiyan Zhang
UC Riverside and University of Missouri at St. Louis - College of Business Administration
Downloads 191 (214,939)
Citation 7

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Banks, counterparty contagion, information contagion, bankruptcy

Financial Firm Bankruptcy and Contagion

Number of pages: 54 Posted: 15 Mar 2012 Last Revised: 01 Aug 2012
Jean Helwege and Gaiyan Zhang
UC Riverside and University of Missouri at St. Louis - College of Business Administration
Downloads 114 (325,842)
Citation 5

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Banks, counterparty contagion, information contagion, bankruptcy

10.

Informational Efficiency of Credit Default Swap and Stock Markets: The Impact of Adverse Credit Events

International Review of Accounting, Banking and Finance, Vol. 1, 2009
Number of pages: 22 Posted: 01 Nov 2009
Gaiyan Zhang
University of Missouri at St. Louis - College of Business Administration
Downloads 300 (138,932)

Abstract:

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Credit default swap, information efficiency, adverse credit events

11.

Institutional Investor Preferences for Analyst Forecast Accuracy: Does Investment Strategy Matter?

CAAA Annual Conference 2011
Number of pages: 43 Posted: 17 Jan 2011
University of Cincinnati - Department of Accounting, University of Missouri at Saint Louis, University of Missouri at St. Louis - College of Business Administration and Board of Governors of the Federal Reserve System
Downloads 265 (157,679)
Citation 1

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12.

Market Impediments, Trade, and Foreign Direct Investment: Evidence from China's Round-Tripping

Number of pages: 43 Posted: 20 Mar 2007
Hung-Gay Fung, Jot Yau and Gaiyan Zhang
University of Missouri at Saint Louis - College of Business Administration, Seattle University and University of Missouri at St. Louis - College of Business Administration
Downloads 214 (193,733)
Citation 1

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Trade flows, foreign direct investment, round-tripping, regulatory arbitrage

13.

Return Predictability in Corporate Bond Market Along the Supply Chain

Journal of Financial Markets, June 2016, Vol 29, 66-86
Number of pages: 52 Posted: 21 Apr 2014 Last Revised: 04 Jan 2017
Long Chen, Long Chen, Gaiyan Zhang and Weina Zhang
Cheung Kong Graduate School of BusinessLuohan Academy, University of Missouri at St. Louis - College of Business Administration and Department of Finance, National University of Singapore
Downloads 200 (206,280)
Citation 3

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Corporate Bonds; Cash Flow; Credit Rating; Credit Risk; Earnings; Information; Supply Chain; Return Predictability

14.

COVID-19 Pandemic and Global Corporate CDS Spreads

Number of pages: 51 Posted: 11 Jun 2021 Last Revised: 23 Jun 2021
Fordham University, University of Reading - ICMA Centre, Henley Business School, University of Sydney Business School, The University of Sydney - Business School and University of Missouri at St. Louis - College of Business Administration
Downloads 162 (247,420)
Citation 2

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Global corporate CDS, COVID-19 pandemic, employee health policies, government anti-COVID-19 policies, vaccine news

15.

Lock-In Effects in Relationship Lending: Evidence from Dip Loans

Number of pages: 33 Posted: 15 Mar 2011 Last Revised: 14 Nov 2012
Fordham University, Kennesaw State University - Michael J. Coles College of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 135 (286,333)
Citation 2

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relationship lending, DIP financing, bank loans, lock-in effects, debtor-in-possession, financial intermediaries, lending practices

16.

Natural-Disaster Experience and Risk-taking Behaviors: Evidence from Individual Investor Trading

Number of pages: 56 Posted: 09 Jul 2019
Yuan Ze University, Fordham University, National Yang-Ming Chiao Tung University and University of Missouri at St. Louis - College of Business Administration
Downloads 120 (312,589)

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Natural disaster experience, individual investors, trading behavior, gambling stocks, abnormal returns.

17.

Information Transfer Effects of Bond Rating Downgrades

Financial Review, Forthcoming
Number of pages: 32 Posted: 31 Oct 2009
Philippe Jorion and Gaiyan Zhang
University of California, Irvine - Paul Merage School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 105 (342,805)

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bond rating downgrades, industry information transfer, contagion effects, competition effects

18.

Information Efficiency of the U.S. Credit Default Swap Market: Evidence from Earnings Surprises

Journal of Financial Stability, Forthcoming
Number of pages: 44 Posted: 28 Jan 2009 Last Revised: 24 Jun 2013
Gaiyan Zhang and Sanjian Bill Zhang
University of Missouri at St. Louis - College of Business Administration and California State University Long Beach
Downloads 93 (370,720)
Citation 3

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Earnings surprise, cost of debt, credit derivative

19.

CDS Pricing and Accounting Disclosures: Evidence from U.S. Bank Holding Corporations Around the Recent Financial Crisis

Journal of Financial Stability, Forthcoming
Number of pages: 47 Posted: 01 Feb 2016
York University - Schulich School of Business, University of Missouri at St. Louis - College of Business Administration and California State University Long Beach
Downloads 76 (417,805)

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Credit default swaps; CAMELS; Credit crisis; Risk pricing; Accounting disclosures

20.

A Model of Price, Volume and Sequential Information

International Journal of Business and Economics, Vol. 6, 2007
Number of pages: 30 Posted: 01 Nov 2009
Gaiyan Zhang
University of Missouri at St. Louis - College of Business Administration
Downloads 74 (423,946)

Abstract:

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Price, Volume, Sequential Information, Trading Strategy, Event Study

21.

Bank Capital, Interbank Contagion, and Bailout Policy

Journal of Banking and Finance, Forthcoming
Number of pages: 47 Posted: 17 Apr 2013
Suhua Tian, Yunhong Yang and Gaiyan Zhang
Fudan University - School of Economics, Peking University - Guanghua School of Management and University of Missouri at St. Louis - College of Business Administration
Downloads 60 (472,374)

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interbank linkages, optimal capital holding, contagion, bailout policy, regulatory capital requirement, takeover, liquidation

22.

Deposit Insurance and Design: Effects on Bank Lending During the Global Financial Crisis

NYU Stern School of Business
Number of pages: 54 Posted: 28 Apr 2020
Fordham University, Bowling Green State University - College of Business Administration, New York University - Leonard N. Stern School of Business and University of Missouri at St. Louis - College of Business Administration
Downloads 55 (491,729)

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Deposit Insurance and Its Design, Bank Lending Activities, Global Financial Crisis