Assistant Professor of Finance
School of Accounting and Finance,
The Hong Kong Polytechnic University
Email: hong.xiang@polyu.edu.hk
Publications
Economic Links from Bonds and Cross-Stock Return Predictability [SSRN]
with Jian Feng, Xiaolin Huo, Xin Liu, and Yifei Mao, 2025, Journal of Financial Economics
Noise Trading and Asset Pricing Factors [SSRN]
with Shiyang Huang, and Yang Song, 2025, Management Science
Best Paper Award: 7th Annual FIRN Asset Pricing Meeting
Insider Trading and Anomalies [SSRN]
with Jiaxing Tian, and Minghai Xu, 2025, Journal of Empirical Finance
The Smart Beta Mirage [SSRN]
with Shiyang Huang, and Yang Song, 2024, Journal of Financial and Quantitative Analysis
Best Paper Award: Eastern Finance Association Annual Meeting 2021
Media: Bloomberg, Forbes, Institutional Money Magzine
A Frog in Every Pan: Information Discreteness and Lead-lag Returns Puzzles [SSRN]
with Shiyang Huang, Charles M.C. Lee, and Yang Song, 2022, Journal of Financial Economics, Volume 145
Psychological Barrier and Cross-firm Return Predictability [SSRN]
with Shiyang Huang, and Tse-Chun Lin, 2021, Journal of Financial Economics, Volume 142
Working Papers
Inefficient Information Intermediary and its Asset Pricing Implication: Evidence from the Corporate Bond Market
[Download]
Remeasuring Scale in Active Management [SSRN]
with Shiyang Huang, Xu Lu, and Yang Song
Best Paper Award: Finance Down Under 2025
Revise & Resubmit at Review of Financial Studies
Variation in Put-Call Parity Violation and Option Returns [SSRN]
with Chun Liu, Tianyu Wang and Yintian Wang
Reject & Resubmit at Journal of Banking and Finance
Attracting Investor Flows through Attracting Attention [SSRN]
with Jiaxing Tian, and Minghai Xu
Attentive Market Timing [SSRN]
with Yifei Mao, and Mengdi Zhang
Extrapolation and Market Reactions to News [SSRN]
with Xin Liu, Xinyi Shao, and Jiaxing Tian