Details about Hongjun Yan

Access statistics for papers by Hongjun Yan.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pya276

Working Papers

2024

1. Investor Memory and Biased Beliefs: Evidence from the Field
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

2. Personality Differences and Investment Decision-Making
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2018

3. Financial Intermediation Chains in an OTC Market
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
   Also in MPRA Paper, University Library of Munich, Germany (2016) View citations (3)
4. In the Shadows of the Government: Relationship Building During Political Turnovers
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)

2015

5. A Model of Anomaly Discovery
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

2013

6. Informed Trading and Expected Returns
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2011

7. Anticipated and Repeated Shocks in Liquid Markets
   FMG Discussion Papers, Financial Markets Group View citations (23)
   Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (4)
   See also Journal Article Anticipated and Repeated Shocks in Liquid Markets, The Review of Financial Studies, Society for Financial Studies (2013) View citations (82) (2013)

2010

8. What Does Stock Ownership Breadth Measure?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article What Does Stock Ownership Breadth Measure?, Review of Finance, European Finance Association (2013) View citations (18) (2013)

2009

9. Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion
   Yale School of Management Working Papers, Yale School of Management
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (3)
   See also Journal Article Equilibrium Asset Prices and Investor Behaviour in the Presence of Money Illusion, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (29) (2010)
10. Heterogeneous Expectations and Bond Markets
    Yale School of Management Working Papers, Yale School of Management View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (4)
    See also Journal Article Heterogeneous Expectations and Bond Markets, The Review of Financial Studies, Society for Financial Studies (2010) View citations (111) (2010)
11. Is Noise Trading Cancelled Out by Aggregation?
    Yale School of Management Working Papers, Yale School of Management
    See also Journal Article Is Noise Trading Cancelled Out by Aggregation?, Management Science, INFORMS (2010) View citations (30) (2010)
12. Nickels versus Black Swans: Reputation, Trading Strategies and Asset Prices
    Yale School of Management Working Papers, Yale School of Management
13. The Impact of Earnings Surprises on Stock Returns: Theory and Evidence
    Yale School of Management Working Papers, Yale School of Management
14. Uncertainty and Valuations
    Yale School of Management Working Papers, Yale School of Management
    See also Journal Article Uncertainty and Valuations, Critical Finance Review, now publishers (2016) View citations (8) (2016)

2008

15. Natural Selection in Financial Markets: Does it Work?
    Yale School of Management Working Papers, Yale School of Management View citations (17)
    See also Journal Article Natural Selection in Financial Markets: Does It Work?, Management Science, INFORMS (2008) View citations (111) (2008)

Journal Articles

2022

1. A Global Version of Samuelson's Dictum
   American Economic Review: Insights, 2022, 4, (2), 239-54 View citations (2)

2021

2. Funding liquidity shocks in a quasi-experiment: Evidence from the CDS Big Bang
   Journal of Financial Economics, 2021, 139, (2), 545-560 View citations (5)
3. Reputation Concerns and Slow-Moving Capital
   The Review of Asset Pricing Studies, 2021, 11, (3), 580-609 View citations (4)
4. Under-reaction in the sovereign CDS market
   Journal of Banking & Finance, 2021, 130, (C) View citations (4)
5. User Interface and Firsthand Experience in Retail Investing
   The Review of Financial Studies, 2021, 34, (9), 4486-4523 View citations (11)

2019

6. Disagreement beta
   Journal of Monetary Economics, 2019, 107, (C), 96-113

2016

7. Uncertainty and Valuations
   Critical Finance Review, 2016, 5, (1), 85-128 View citations (8)
   See also Working Paper Uncertainty and Valuations, Yale School of Management Working Papers (2009) (2009)

2014

8. Collateral-Motivated Financial Innovation
   The Review of Financial Studies, 2014, 27, (10), 2961-2997 View citations (23)

2013

9. Anticipated and Repeated Shocks in Liquid Markets
   The Review of Financial Studies, 2013, 26, (8), 1891-1912 View citations (82)
   See also Working Paper Anticipated and Repeated Shocks in Liquid Markets, FMG Discussion Papers (2011) View citations (23) (2011)
10. What Does Stock Ownership Breadth Measure?
    Review of Finance, 2013, 17, (4), 1239-1278 View citations (18)
    See also Working Paper What Does Stock Ownership Breadth Measure?, NBER Working Papers (2010) View citations (1) (2010)

2010

11. Equilibrium Asset Prices and Investor Behaviour in the Presence of Money Illusion
    The Review of Economic Studies, 2010, 77, (3), 914-936 View citations (29)
    See also Working Paper Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion, Yale School of Management Working Papers (2009) (2009)
12. Heterogeneous Expectations and Bond Markets
    The Review of Financial Studies, 2010, 23, (4), 1433-1466 View citations (111)
    See also Working Paper Heterogeneous Expectations and Bond Markets, Yale School of Management Working Papers (2009) View citations (1) (2009)
13. Is Noise Trading Cancelled Out by Aggregation?
    Management Science, 2010, 56, (7), 1047-1059 View citations (30)
    See also Working Paper Is Noise Trading Cancelled Out by Aggregation?, Yale School of Management Working Papers (2009) (2009)

2008

14. Natural Selection in Financial Markets: Does It Work?
    Management Science, 2008, 54, (11), 1935-1950 View citations (111)
    See also Working Paper Natural Selection in Financial Markets: Does it Work?, Yale School of Management Working Papers (2008) View citations (17) (2008)