Research

Research Grants:

I have attracted over $600,000 research funding from research partners such as ASIC, Northern Trust Asset Management and AFAANZ over my career.

Publications:

36. Hu, X., Zhong, A., Cao,. Y., and Wang, W. 'Air pollution and cost of debt: Evidence from corporate bond markets', Accounting and Finance ABDC: A. 2024. Forthcoming.

35. Yu, M., Hu, X., and Zhong, A., 'Network centrality, information diffusion and Asset Pricing', International Review of Financial Analysis ABDC: A. 2024. Forthcoming.

34. Chiah, M., P. Gharghori and A. Zhong, 'Has Idiosyncratic Volatility Increased? Not in Recent Times', Critical Finance Review ABDC: A*. 2023. 12. 125-170. 

33. Hu, X., Yu, J., and A. Zhong, 'The asymmetric effects of oil price shocks on green innovation', Energy Economics. ABDC: A*. 2023. 106890.

32. Zhang, X., Bissoondoyal-Bheenick, B., and A. Zhong, 'Investor sentiment and stock market anomalies in Australia ', International Review of Economics and Finance ABDC: A. 2023.. 84. 284-303.

31. Cheema, M., M. Chiah and A. Zhong, 'Corporate payouts in Australia.  Pacific-Basin Finance Journal ABDC: A. 2023. 79. 101990..

30. Yu, M., Hu, X., and Zhong, A., 'Trade links and return predictability: The Australian evidence', Pacific-Basin Finance Journal ABDC: A. 2023. 78. 101795.

29. Wang, J., Hu, X.,  and A. Zhong, 'Stock market reaction to mandatory ESG disclosure', Finance Research Letter ABDC: A. 2023. 103402.

28. Hu, X., Zhong, A., and Y. Cao, 'Greenium in the Chinese corporate bond market', Emerging Markets Review ABDC: A. 2022. 53. 100946.

27. Yu, M., Hu, X., and Zhong, A., 'The spread of COVID-19 in stock returns along global value chains', Applied Economics ABDC: A. 2023. 55 (35), 4091-4107.

26. Chai, D., Chiah, M., Zhong, A., and B. Li.  ‘Another look at sources of momentum profits ’, International Review of Economics & Finance ABDC: A. 2022. 79. 310-323.

25. Bissoondoyal-Bheenick, B., H., Do, X., Hu and A. Zhong, 'Sentiment and stock market connectedness: Evidence from the US–China trade war ', International Review of Financial Analysis ABDC: A. 2022. 80. 102031.

24. Chiah, M., Phan, D., Tran, V. T., and A. Zhong, ' ', International Review of Financial Analysis . 'Energy price uncertainty and the value premium'. ABDC: A. 2022. 81. 102062.

23. Gray, P. and A. Zhong, 'Assessing the usefulness of daily and monthly asset-pricing factors for Australian equities', Accounting and Finance ABDC:A.  2022. 62. 181-211.

22. Zhong, A. 'Institutional trading in stock market anomalies in Australia', Accounting and Finance ABDC:A.  2022. 62. 893-930.

21. Chiah, M., X, Tian, and A. Zhong. 'Lockdown and retail trading in the equity market'. Journal of Behavioral & Experimental Finance. ABDC: A. 2022. 33. 100598.

20.  Akhtaruzzaman, M., M., Chiah, P. Docherty and A. Zhong. Betting against bank profitability.  Journal of Economic Behavior and Organization ABDC: A*. 2021. 192. 303-323.

19. Chiah, M., and A. Zhong, 'Tuesday Blues and the day-of-the-week effect in stock returns', Journal of Banking and Finance ABDC: A*. 2021. 133. 106243.

18. Ang, T. C., A. S. M., S. Azad, T, A. T., Pham and A. Zhong. 'Firm efficiency and stock returns: Australian evidence'. International Review of Financial Analysis ABDC: A. 2021, 78, 101935.

17. . Chiah, M., X., Hu and A. Zhong, 'Photo sentiment and stock returns around the World', Finance Research Letters ABDC: A. 2021. 102417.

16. Cheema, M., M. Chiah and A. Zhong, 'Resurrecting the size effect in Japan: Firm size, profitability shocks, and expected stock returns'.  Pacific-Basin Finance Journal ABDC: A. 2021. 69. 101641.

15. Chan, K. F., Gray, P.,  Gray, S., and A. Zhong, ‘Political Uncertainty, Market Anomalies and Presidential Honeymoons’, Journal of Banking and Finance ABDC: A*. 2020, 113, 105749.

14. Akhtaruzzaman, A., Boubaker, S., Chiah, M. and A. Zhong, 'COVID-19 and oil risk exposure ', Finance Research Letters ABDC: A. 2021. Forthcoming.

13. Chai, D., Chiah, M.,  and A. Zhong, ‘Decomposing value: Changes in size or changes in book-to-market? ’, Pacific-Basin Finance Journal ABDC: A. 2020. 64. 101467.

12. Bissoondoyal-Bheenick, B., H., Do, X., Hu and A. Zhong, 'Learning from SARS: Return and Volatility Connectedness in COVID-19  ', Finance Research Letters ABDC: A. 2021. Forthcoming.

11. Chiah, M., and A. Zhong, 'Trading from Home: the Impact of COVID-19 on Trading Volume around the World', Finance Research Letters ABDC: A. 2020. 37. 101784.

10. Chiah, M., P. Gharghori and A. Zhong, ‘Comovement in Anomalies between the Australian and US Equity Markets’, International Review of Finance ABDC: A. 2020. 20. 1005-1017 .

9. Chai, D., Chiah, M.,  and A. Zhong, ‘Choosing Factors: Australian Evidence’, Pacific-Basin Finance Journal ABDC: A. 2019, 59, 1-9.

 8. Chiah, M., and A. Zhong, ‘Day-of-the-week effect in anomaly returns: International Evidence ’, Economics Letters ABDC: A. 2019, 182, 90-92.

 7. Cao, V. N., P. Gray and A. Zhong, 'Investment-related anomalies in Australia: Evidence and explanations', International Review of Financial Analysis ABDC: A. 2019, 61, 97-109.

 6. Zhong A., ‘Idiosyncratic volatility in the Australian equity market’, Pacific-Basin Finance Journal. ABDC: A. 2018, 50, 105-125.

 5. Zhong, A., D. Chai, M. Chiah and B. Li, ‘Volume shocks and stock returns: An alternative test’. Pacific-Basin Finance Journal ABDC: A. 2018, 48, 1-16.

 4. Zhong, A., and P. Gray, ‘The MAX effect: an exploration of risk and mispricing explanations’. Journal of Banking and Finance ABDC: A*. 2016, 65, 76 − 90.

 3. Chiah, M., D. Chai, A. Zhong and S. Li, ‘A Better Model? An Empirical Investigation of the Fama-French Five-factor Model in Australia’, International Review of Finance ABDC: A. 2016,16, 595-638.

 2. Zhong, A., M. Limkriangkrai, and P. Gray, ‘Anomalies, risk adjustment and seasonality: Australian evidence’. International Review of Financial Analysis ABDC: A. 2014, 35, 207 − 218.

 1. Zhong, A., M. Limkriangkrai, and P. Gray, ‘Seasonality in Momentum Profitability’ JASSA ABDC: B 2014, 2, 6 − 10.

Research Interest:

Empirical asset pricing; investment; capital market; banking.

Softwares:

Latex, Matlab, SAS, Stata, GAUSS

Ad-hoc reviewer:

International Review of Economics and Finance

International Review of Financial Analysis

Pacific-Basin Finance Journal

Finance Research Letters

Australian Journal of Management

Accounting and Finance

Accounting Research Journal

Quarterly Review of Economics and Finance

The Economic Record

Eurasian Economic Review

New Zealand Economic Papers

JASSA

Pacific-Basin Finance Journal


Presentations: