Zobrazeno 1 - 10
of 39
pro vyhledávání: '"Yisong S. Tian"'
Autor:
Yisong S. Tian
Publikováno v:
Financial Markets, Institutions & Instruments. 30:113-128
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b9f7cc21a84225e82eaa0bae42cc1dd8
https://doi.org/10.1111/fmii.12151
https://doi.org/10.1111/fmii.12151
Autor:
Yisong S. Tian
Publikováno v:
Journal of Futures Markets. 40:1562-1583
Prior research suggests that Asian stock options provide stronger managerial equity incentives than traditional stock options do, holding the cost of the option grant constant. Although this is true on the grant date, it is not over the life of the o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d8af11573d4ae2d4152763c6ae254e4e
https://doi.org/10.1002/fut.22131
https://doi.org/10.1002/fut.22131
Publikováno v:
Journal of Banking & Finance. 106:246-264
We investigate how director networks impact IPO characteristics and find that firms with better-connected directors have higher IPO market valuation, more positive offer price revisions, higher first-day returns, more pre-IPO media coverage, and supe
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ddfdc77429c2d1e7253a3abcde54a4ee
https://doi.org/10.1016/j.jbankfin.2019.07.001
https://doi.org/10.1016/j.jbankfin.2019.07.001
Autor:
Yisong S. Tian
Publikováno v:
Financial Markets, Institutions & Instruments. 26:127-152
In this paper, we examine managerial gaming of different types of equity grants, both at the initial award of the equity grants (front-end gaming) and the unwinding of the equity holdings in the future (back-end gaming). We find that the potential ga
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::80280d20a058cfc8b28323ccdcce6512
https://doi.org/10.1111/fmii.12081
https://doi.org/10.1111/fmii.12081
Autor:
Yisong S. Tian
Publikováno v:
Journal of Banking & Finance. 37:415-432
Traditional stock option grant is the most common form of incentive pay in executive compensation. Applying a principal-agent analysis, we find this common practice suboptimal and firms are better off linking incentive pay to average stock prices. Am
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4eced64e3ba539b8b54ded5c1b9c0653
https://doi.org/10.1016/j.jbankfin.2012.09.025
https://doi.org/10.1016/j.jbankfin.2012.09.025
Autor:
Yisong S. Tian, George J. Jiang
Publikováno v:
Journal of Futures Markets. 32:505-535
Under the efficient market hypothesis, option-implied forward variance forms a martingale and changes in forward variance follow a random walk. In this study, we extract forward variance from option prices following a model-free approach and empirica
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c583243bd1008c5868c996ed706ee87a
https://doi.org/10.1002/fut.20528
https://doi.org/10.1002/fut.20528
Autor:
George J. Jiang, Yisong S. Tian
Publikováno v:
Journal of Banking & Finance. 34:2358-2369
Existing research examines the impact of volatility shocks on the relative pricing of long-term vs. short-term options and documents patterns of “short-horizon underreaction” and “long-horizon overreaction” in the options market. These studie
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::77f16a9d89361b0a3bd1167e50ab9830
https://doi.org/10.1016/j.jbankfin.2010.02.022
https://doi.org/10.1016/j.jbankfin.2010.02.022
Autor:
Yisong S. Tian, George J. Jiang
Publikováno v:
Journal of Financial and Quantitative Analysis. 45:503-533
Horizon-matched historical volatility is commonly used to forecast future volatility for option valuation under the Statement of Financial Accounting Standards (SFAS) 123R. In this paper, we empirically investigate the performance of using historical
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6564eb4dd9900ad060e3e510161889d4
https://doi.org/10.1017/s0022109010000116
https://doi.org/10.1017/s0022109010000116
Autor:
Yisong S. Tian, Yi Feng
Publikováno v:
Financial Markets, Institutions & Instruments. 18:195-241
We examine the impact of mandatory option expensing on managerial equity incentives. Though effective only after June 15, 2005, there is evidence that U.S. firms begin preparing for option expensing as early as 2002 by making changes to their equity
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f0d8cefbd6f3b7b8cddc130a4c0113de
https://doi.org/10.1111/j.1468-0416.2009.00148.x
https://doi.org/10.1111/j.1468-0416.2009.00148.x
Autor:
Yisong S. Tian, Lucy F. Ackert
Publikováno v:
Financial Markets, Institutions & Instruments. 17:331-362
This paper investigates the performance of U.S. and country exchange traded funds currently traded in the United States and provides new insight into their pricing. While the U.S. funds are priced closely to their net asset values, the country funds
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::df208c5ff43df8960a30dcf2782518d2
https://doi.org/10.1111/j.1468-0416.2008.00144.x
https://doi.org/10.1111/j.1468-0416.2008.00144.x