Details about Liyan Yang

Access statistics for papers by Liyan Yang.

Last updated 2022-06-17. Update your information in the RePEc Author Service.

Short-id: pya643

Working Papers

2017

1. Costly Interpretation of Asset Prices
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)

2014

2. Good Disclosure, Bad Disclosure
   2014 Meeting Papers, Society for Economic Dynamics View citations (2)
   See also Journal Article in Journal of Financial Economics (2019)
3. Market Efficiency and Real Efficiency: The Connect and Disconnect via Feedback Effects
   2014 Meeting Papers, Society for Economic Dynamics View citations (2)

2012

4. Information Diversity and Market Efficiency Spirals
   2012 Meeting Papers, Society for Economic Dynamics View citations (3)

2010

5. How are Income and Non-Income Factors Different in Promoting Happiness? An Answer to the Easterlin Paradox
   MPRA Paper, University Library of Munich, Germany

Journal Articles

2021

1. Disclosure, competition, and learning from asset prices
   Journal of Economic Theory, 2021, 197, (C) View citations (2)
2. Strategic Trading When Central Bank Intervention Is Predictable
   (Uncovering hedge fund skill from the portfolio holdings they hide)
   The Review of Asset Pricing Studies, 2021, 11, (4), 735-761 View citations (2)

2020

3. Back-Running: Seeking and Hiding Fundamental Information in Order Flows
   (Arbitraging arbitrageurs)
   Review of Financial Studies, 2020, 33, (4), 1484-1533 View citations (17)
4. Institutionalization, delegation, and asset prices
   Journal of Economic Theory, 2020, 186, (C)

2019

5. Good disclosure, bad disclosure
   Journal of Financial Economics, 2019, 131, (1), 118-138 View citations (38)
   See also Working Paper (2014)
6. Loss Aversion in Financial Markets
   The Journal of Mechanism and Institution Design, 2019, 4, (1), 119-137 View citations (1)

2018

7. State‐Owned Enterprises, Competition, and Disclosure
   Contemporary Accounting Research, 2018, 35, (2), 596-621

2017

8. Disagreement, Underreaction, and Stock Returns
   Management Science, 2017, 63, (4), 1214-1231 View citations (6)
9. Employee bargaining power, inter-firm competition, and equity-based compensation
   Journal of Financial Economics, 2017, 126, (2), 342-363 View citations (2)
10. Information Disclosure in Financial Markets
    Annual Review of Financial Economics, 2017, 9, (1), 101-125
11. Nonfundamental Speculation Revisited
    Journal of Finance, 2017, 72, (6), 2759-2772
12. Recap of the 27th annual financial economics and accounting conference, September 30–October 1, 2016
    Review of Quantitative Finance and Accounting, 2017, 48, (3), 849-858

2016

13. Differential Access to Price Information in Financial Markets
    Journal of Financial and Quantitative Analysis, 2016, 51, (4), 1071-1110 View citations (15)
14. Public information and uninformed trading: Implications for market liquidity and price efficiency
    Journal of Economic Theory, 2016, 163, (C), 604-643 View citations (23)

2015

15. Information Diversity and Complementarities in Trading and Information Acquisition
    Journal of Finance, 2015, 70, (4), 1723-1765 View citations (56)
16. Loss aversion, survival and asset prices
    Journal of Economic Theory, 2015, 160, (C), 494-516 View citations (17)

2014

17. Opaque Trading, Disclosure, and Asset Prices: Implications for Hedge Fund Regulation
    Review of Financial Studies, 2014, 27, (4), 1190-1237 View citations (21)
18. Rational Information Leakage
    Management Science, 2014, 60, (11), 2762-2775 View citations (8)
19. Speculation and Hedging in Segmented Markets
    Review of Financial Studies, 2014, 27, (3), 881-922 View citations (28)

2013

20. Asset-Pricing Implications of Dividend Volatility
    Management Science, 2013, 59, (9), 2036-2055 View citations (6)
21. Investor Sentiment, Disagreement, and the Breadth--Return Relationship
    Management Science, 2013, 59, (5), 1076-1091 View citations (31)
22. Prospect theory, the disposition effect, and asset prices
    Journal of Financial Economics, 2013, 107, (3), 715-739 View citations (45)
23. Social Networks, Information Acquisition, and Asset Prices
    Management Science, 2013, 59, (6), 1444-1457 View citations (36)

2011

24. Testing conditional factor models: A nonparametric approach
    Journal of Empirical Finance, 2011, 18, (5), 972-992 View citations (21)

2009

25. Complementarities, Multiplicity, and Supply Information
    Journal of the European Economic Association, 2009, 7, (1), 90-115 View citations (72)
26. Theory of negative consumption externalities with applications to the economics of happiness
    Economic Theory, 2009, 39, (3), 399-424 View citations (3)