Jinghan Cai

Jinghan Cai is Associate Professor of Finance. He holds a Ph.D. in economics from Boston College, a Ph.D. in finance from City University of Hong Kong, and a bachelor’s degree in finance from Renmin University of China. Dr. Cai was previously employed by Shenzhen Stock Exchange and by Bank of China. His teaching interests include investment, corporate finance, financial markets, statistics, and econometrics.

PUBLICATIONS IN REFEREED JOURNALS

   “The Whack-A-Mole Game: Tobin Taxes and Trading Frenzy”, Review of Financial Studies, 2020, Accepted, with Jibao He, Wenxi Jiang and Wei Xiong

   “Corporate Events, Return Synchronicity and Price Efficiency” Journal of Economic Asymmetries, 2020, vol 21, 0036, with Fengyun Li and Iordanis Petsas

 “Hide and seek: Uninformed traders and the short-sales constraints”, Annals of Economics and Finance, 2019, 20(1) 319-356, with Chiu Yu Ko, Yuming Li, and Le Xia

 “Initial Coin Offering to Finance Venture Capital: A Behavioral Perspective”, Journal of Private Equity, 2019, 22(3) 93-101, with Ahmed Gomaa

 “Individual Investors and R2”, Economics Bulletin, 2019, 39(1), 159-165, with Jia He, Jibao He, and Weili Zhai

 “The regulatory arbitrage and window-dressing in shadow banking: The example of Chinese wealth management product”, Economic and Political Studies, 2019, 7(3) 314-336, with Alicia García-Herrero, Fengyun Li and Le Xia

 “Logistics and stock market inter-dependence: the case of China”, International Journal of Logistics Economics and Globalisation, 2018, 7(3), 292-306, with Xiaobing Li

“Learning to wait,” Finance Research Letters, 2017, Vol 23, 196-201, with Jibao He and Weili Zhai.

 “When R-square meets short sales constraints,” Economics Letters, 2014, Vol. 125, 336–339, with Le Xia.

“Stock market volatility, speculative short sellers and weekend effect: international evidence,” Journal of Financial Risk Management, 2013, Vol 3, 47-54, with Jibao He, Hossein Kazemi, and Weili Zhai.

“The bear market in China: which trades push the stock prices down?” 2012, Annals of Financial Economics, Vol. 6 & 7, 30-62, with Hongbing Ouyang and Michael C.S. Wong.

“How better informed are the institutional investors?” 2010, Economics Letters, Vol. 106, 234–237, with Jia He and Jibao He.

“Stock splits, liquidity and information asymmetry: An empirical study on Tokyo Stock Exchange,” 2008, Journal of Japanese and International Economies, Vol. 22, 417–438, with Fang Guo and Kaiguo Zhou.

“Day-of-the-week effect: New evidence from Chinese stock market,” 2006, The Chinese Economy, Vol. 39, 71-88, with Yuming Li and Yuehua Qi.

PUBLICATIONS IN OTHER JOURNALS

 “Weekend Effect and Short Sales: Evidence from Hong Kong,”2017, International Journal of Economics and Financial Research, Vol. 3, 8-18, with Jibao He, Le Xia and Weili Zhai.

“Trading hours and price efficiency: The case of Hong Kong,” Theoretical Economics Letters, 2018, 8, 3537-3547, with Fengyun Li and Xiangyu Lian

 

PUBLICATIONS IN CHINESE

“Investors’ trading preferences and the impact on market volatility,” Financial Review, 2010, Vol 3, 53-64, with Jibao He, Weili Zhai and Hui Zhou.

“Shenzhen Stock Market Performance Report 2007-2009,” with Financial Innovation Lab, Shenzhen Stock Exchange, published annually in major Chinese Financial News papers including China Securities Journal, Securities Times, and Shanghai Securities News).

“The P/E comparison of domestic and overseas listed Chinese firms,” Securities Market Herald 2007, Vol. 184, 30-36, with Yixuan Wang.

“Who is pushing down the stock prices: Stealth trading in Chinese stock market,” Quarterly Journal of Finance 2006, Vol 3, 105-126, with Hongbing Ouyang and Jun Cai.

“Market timing and capital structure: A case in China,” Economic Science, 2006, Vol. 154, 59-69, with Hongzhong Liu.

“Long-run operating performance of initial public offerings in Japanese over-the-counter market in 1990’s: evidence and implications,” Quarterly Journal of Finance, 2006, Vol. 1, 37-55, with Daying Yan.

The profitability of momentum indicators: Empirical study on US stock market indices,” 2005, China Journal of Finance, Vol 3, 35-60, with Hongbing Ouyang.

SHENZHEN STOCK EXCHANGE INTERNAL REPORT

Shenzhen Stock Market investor structure and behavior report, 2008 Shenzhen Stock Exchange Research Report, with Jibao He (In Chinese).

The cost of non-tradable shareholders and their benefit after the Non-tradable Share Issue Reform, 2008, Shenzhen Stock Exchange Research Report, with Lijian Xiao (In Chinese).

The trading cost of investors, 2008, Shenzhen Stock Exchange Research Report, with Lijian Xiao (In Chinese).

The P/E ratio of cross-listing firms in China, 2007 Shenzhen Stock Exchange Research Report, with Yixuan Wang (In Chinese).

The liberalization of Hungarian capital market, 2006, Shenzhen Stock Exchange Research Report (In Chinese).

BOOKS

The Market Impact of Short-selling (in Chinese), with Le Xia, Shanghai Jiaotong University Publishing, 2009, ISBN: 9787313058850.