Yan Xiong
Assistant Professor in Finance @ Hong Kong University of Science and Technology
Finance Theory Group (FTG) Member
Associate Editor, Journal of Financial Markets
Email: yanxiong@ust.hk
Research interests: Financial markets, corporate finance, information economics, transparency
Publications
Secret and overt information acquisition in financial markets, with Liyan Yang. Review of Financial Studies, Volume 36, Issue 9, 2023, Pages 3643–3692.
Why is certified financial reporting mandatory? A real effects perspective, with Xu Jiang and Baohua Xin. Journal of Accounting Research, 2023, 61(1), 377-413.
Channel coordination of storable goods, with Xi Li and Krista Li. Marketing Science, Vol. 42, No. 3, 2023.
Economic consequences of managerial compensation contract disclosure, with Xu Jiang. Journal of Accounting and Economics, 73 (2022) 101489.
Disclosure, competition, and learning from asset prices, with Liyan Yang. Journal of Economic Theory, Volume 197, October 2021, 105331.
Skill acquisition and data sales, with Shiyang Huang and Liyan Yang. Management Science, Vol. 68, No. 8, August 2022, Pages 5557-6354.
Media coverage: phys.org, hedgeweek, EurekAlert
Information bias in the proxy advisory market, with Shichao Ma. Review of Corporate Finance Studies, Volume 10, Issue 1, March 2021, Pages 82–135.
Media coverage: SEC comment letter, RealClearPublicAffairs.com
2022 RCFS Rising Scholar Award
Working Papers
Information Sharing in Financial Markets, with Itay Goldstein and Liyan Yang
2022 AFA, EFA, Econometrics Society, CFRC, 2021 NFA, AES webinar, Microstructure Exchange, MARC, Future of Financial Information Conference, 2020 VFTS
Coarsely informed investors can have a strategic incentive to share their information. A novel "trading against error" effect arises!
Too Much Information? Increasing Firms' Information Advantages in the IPO Process, with Michele Dathan
Media coverage: CLS Blus Sky Blog
2021 MFA, EasternFA, 2020 Showcasing Women in Finance (postponed)
Disagreement and Bond PEAD, with Yoshio Nozawa and Yancheng Qiu
2022 MFA, ABFER, CICF, 2021 FMA
Personalized Pricing and Firm Incentives, with Liyan Yang
Media coverage: The Duke FinReg Blog
2023 ABFER, MFA, CFRC, 2022 Cavalcade Asia-pacific
Disclosing Endogenous Cost Information, with Xu Jiang
2023 FARS
The Limits of Big Data in Credit Markets, with Uday Rajan
2024 MFA, FIRS, 2023 Hong Kong Conference for Fintech, AI, and Big Data in Business
Designing Index Provision, with Yizhou Xiao
2024 CFRC, 2023 Fall FTG Meeting Short Paper Session
Others
Comments on "Information acquisition and expected returns: Evidence from EDGAR search traffic" (Non peer-reviewed) Journal of Economic Dynamics and Control, 14 April 2022, 104385.
VaR constrained asset pricing with relative performance, with Xiangbo Liu, Zhigang Qiu. Economics Letters, 121.2 (2013): 174-178.