Lilian Ng

Schulich School of Business, York University

ScotiaBank Chair in International Finance

N223, Seymour Schulich Building

4700 Keele Street

Toronto, Ontario ON M3J 1P3

Canada

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

45

DOWNLOADS
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Top 3,205

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13,948

SSRN CITATIONS
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SSRN RANKINGS

Top 6,417

in Total Papers Citations

116

CROSSREF CITATIONS

87

Scholarly Papers (45)

1.

How Informative Are Insider Trades and Analyst Recommendations?

Number of pages: 80 Posted: 21 Mar 2005 Last Revised: 16 Oct 2019
Jim Hsieh, Lilian Ng and Qinghai Wang
George Mason University, Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 3,187 (4,258)
Citation 2

Abstract:

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insider trading; analyst recommendations; information; return predictability

2.

Socially Responsible Corporate Customers

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 560/2018, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 74 Posted: 27 Jan 2018 Last Revised: 14 Mar 2020
Rui Dai, Hao Liang and Lilian Ng
Wharton Research Data Services (WRDS), Singapore Management University - Lee Kong Chian School of Business and Schulich School of Business, York University
Downloads 885 (32,078)
Citation 7

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Corporate Social Responsibility, Corporate Customers, Global Supply Chains, Economic Benefits

3.

Market Efficiency and Return Statistics: Evidence from Real Estate and Stock Markets Using a Present-Value Approach

Number of pages: 33 Posted: 19 Jul 2000
Lilian Ng and Yuming Fu
Schulich School of Business, York University and National University of Singapore
Downloads 878 (32,367)
Citation 1

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4.

What Determines the Domestic Bias and Foreign Bias? Evidence from Equity Mutual Fund Allocations Worldwide

Number of pages: 51 Posted: 02 Aug 2004
Vicentiu Covrig, Lilian Ng and Kalok Chan
California State University, Northridge - Department of Finance, Financial Planning and Insurance, Schulich School of Business, York University and CUHK Business School
Downloads 836 (34,625)
Citation 13

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5.

Do Governance Mechanisms Matter for Mutual Funds?

Number of pages: 40 Posted: 20 Mar 2007
Julia Chou, Lilian Ng and Qinghai Wang
Florida International University, Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 667 (47,133)
Citation 10

Abstract:

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proxy voting, Morningstar stewardship grade, mutual funds, governance mechanisms

6.

Do Domestic and Foreign Fund Managers Have Similar Preferences for Stock Characteristics? A Cross-Country Analysis

EFA 2001 Barcelona Meetings, Journal of International Business Studies, Forthcoming
Number of pages: 44 Posted: 05 Jul 2001
Vicentiu Covrig, Sie Ting Lau and Lilian Ng
California State University, Northridge - Department of Finance, Financial Planning and Insurance, Nanyang Technological University (NTU) - Division of Banking & Finance and Schulich School of Business, York University
Downloads 585 (55,839)
Citation 20

Abstract:

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home bias, fund managers, institutional trading, foreign, domestic, stock characteristics

7.

The World Price of Home Bias

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 60 Posted: 04 Dec 2009
Sie Ting Lau, Lilian Ng and Bohui Zhang
Nanyang Technological University (NTU) - Division of Banking & Finance, Schulich School of Business, York University and The Chinese University of Hong Kong, Shenzhen
Downloads 510 (66,173)
Citation 11

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Mutual Funds Holdings, Cost of Capital, Market Segmentation, Home Bias

Quarterly Trading Patterns of Financial Institutions

Number of pages: 24 Posted: 21 Jun 2002
Jia He, Lilian Ng and Qinghai Wang
The Chinese University of Hong Kong (CUHK) - Department of Finance, Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 481 (70,464)
Citation 13

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Institutional investors, trading patterns, window dressing

Quarterly Trading Patterns of Financial Institutions

Posted: 24 Jun 2002
Jia He, Lilian Ng and Qinghai Wang
The Chinese University of Hong Kong (CUHK) - Department of Finance, Schulich School of Business, York University and University of Central Florida - College of Business Administration

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Institutional investors, trading patterns, window dressing

9.

Dividend Policy and Earnings Management Across Countries

Journal of Corporate Finance 42, 2017, 267-286
Number of pages: 41 Posted: 08 Nov 2015 Last Revised: 16 May 2017
University of Queensland - Business School, Schulich School of Business, York University, Suffolk University - Sawyer School of Management and The Chinese University of Hong Kong, Shenzhen
Downloads 475 (72,283)
Citation 2

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Dividends, Earnings management, Agency problems, Investor protection, Equity issuance

Institutional Trading and the Turn-of-The-Year Effect

Number of pages: 38 Posted: 22 Jul 2003
Lilian Ng and Qinghai Wang
Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 441 (78,284)
Citation 16

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Institutions, Window-Dressing, Risk-Shifting, Turn-of-the-Year Effect

Institutional Trading and the Turn-of-The-Year Effect

Posted: 22 Jul 2003
Lilian Ng and Qinghai Wang
Schulich School of Business, York University and University of Central Florida - College of Business Administration

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Institutions, Window-Dressing, Risk-Shifting, Turn-of-the-Year Effect

11.

Foreign Investor Heterogeneity and Stock Liquidity Around the World

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 53 Posted: 28 Nov 2011 Last Revised: 28 Jan 2013
Lilian Ng, Fei Wu, Jing Yu and Bohui Zhang
Schulich School of Business, York University, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), The University of Sydney and The Chinese University of Hong Kong, Shenzhen
Downloads 388 (91,725)
Citation 6

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Foreign Investors, Stock Liquidity, Cost of Capital, Firm Performance

12.
Downloads 379 ( 94,333)
Citation 9

Does PIN Affect Equity Prices Around the World?

Forthcoming Journal of Financial Economics, European Finance Association (EFA), EFA 2009 Bergen Meetings
Number of pages: 39 Posted: 30 Jan 2013 Last Revised: 23 Dec 2013
Sandy Lai, Lilian Ng and Bohui Zhang
University of Hong Kong, Schulich School of Business, York University and The Chinese University of Hong Kong, Shenzhen
Downloads 302 (120,568)
Citation 4

Abstract:

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International Markets, Information Asymmetry, PIN, Asset Pricing

Does PIN Affect Equity Prices Around the World?

Journal of Financial Economics (JFE), Forthcoming, EFA 2009 Bergen Meetings Paper
Number of pages: 39 Posted: 23 Dec 2008 Last Revised: 10 Oct 2014
Sandy Lai, Lilian Ng and Bohui Zhang
University of Hong Kong, Schulich School of Business, York University and The Chinese University of Hong Kong, Shenzhen
Downloads 77 (373,944)
Citation 6

Abstract:

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International Markets, Information Asymmetry, PIN, Asset Pricing

Volume Autocorrelation, Information and Investor Trading

Number of pages: 31 Posted: 03 Nov 2003
Vicentiu Covrig and Lilian Ng
California State University, Northridge - Department of Finance, Financial Planning and Insurance and Schulich School of Business, York University
Downloads 367 (97,095)
Citation 1

Abstract:

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institutions, autocorrelation, information flow

Volume Autocorrelation, Information and Investor Trading

Posted: 03 Nov 2003
Vicentiu Covrig and Lilian Ng
California State University, Northridge - Department of Finance, Financial Planning and Insurance and Schulich School of Business, York University

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institutions, autocorrelation, information flow

The Trading Behavior of Institutions and Individuals in Chinese Equity Markets

Number of pages: 26 Posted: 03 Nov 2006
Lilian Ng and Fei Wu
Schulich School of Business, York University and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 328 (110,307)
Citation 3

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Trading behavior, momentum and contrarian strategies, stock volatility

The Trading Behavior of Institutions and Individuals in Chinese Equity Markets

Journal of Banking and Finance, Vol. 31, pp. 2695-2710
Posted: 03 Nov 2006 Last Revised: 22 May 2008
Lilian Ng and Fei Wu
Schulich School of Business, York University and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

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Trading behavior, momentum and contrarian strategies, stock volatility

15.

Does Home Bias Affect Firm Value? Evidence from Holdings of Mutual Funds Worldwide

Number of pages: 37 Posted: 31 Mar 2007
Lilian Ng, Kalok Chan and Vicentiu Covrig
Schulich School of Business, York University, CUHK Business School and California State University, Northridge - Department of Finance, Financial Planning and Insurance
Downloads 305 (120,028)
Citation 6

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Home Bias, Mutual Funds, Cost of Capital, Firm Value, Risk Sharing

16.

Information Environment and Equity Risk Premium Volatility Around the World

Management Science, Forthcoming
Number of pages: 40 Posted: 17 Dec 2011 Last Revised: 10 Oct 2014
Sie Ting Lau, Lilian Ng and Bohui Zhang
Nanyang Technological University (NTU) - Division of Banking & Finance, Schulich School of Business, York University and The Chinese University of Hong Kong, Shenzhen
Downloads 297 (123,430)
Citation 3

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market risk premium volatility, information environment, implied cost of capital, VAR

17.

Outsourcing Climate Change

European Corporate Governance Institute – Finance Working Paper No. 723/2021
Number of pages: 50 Posted: 13 Jan 2021 Last Revised: 10 Mar 2021
Rui Dai, Rui Duan, Hao Liang and Lilian Ng
Wharton Research Data Services (WRDS), York University - Schulich School of Business, Singapore Management University - Lee Kong Chian School of Business and Schulich School of Business, York University
Downloads 249 (147,931)

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Outsourcing, Emissions, Import, Pricing and Welfare Implications

18.

Withholding Bad News When Competing Peers Have Common Customers

Number of pages: 62 Posted: 05 Mar 2019 Last Revised: 01 Jul 2020
Rui Dai, Rui Duan and Lilian Ng
Wharton Research Data Services (WRDS), York University - Schulich School of Business and Schulich School of Business, York University
Downloads 246 (149,784)
Citation 1

Abstract:

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Competitive Peer Threats; Common Customers; Crash Risk; Bad News Disclosure

19.

Peer Effects in the Trading Decisions of Individual Investors

Financial Management, Forthcoming
Number of pages: 41 Posted: 22 Jan 2007 Last Revised: 06 May 2009
Lilian Ng and Fei Wu
Schulich School of Business, York University and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 236 (155,815)
Citation 9

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20.

Emerging Markets Are Catching Up: Economic or Financial Integration?

Forthcoming, Journal of Financial and Quantitative Analysis
Number of pages: 40 Posted: 23 Aug 2017 Last Revised: 19 May 2019
Amir Akbari, Lilian Ng and Bruno Solnik
Ontario Tech. University, Schulich School of Business, York University and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 233 (157,781)
Citation 4

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Financial Integration, Economic Integration, Cash Flow and Risk Pricing Revisions, Analyst Forecasts

Revealed Stock Preferences of Individual Investors: Evidence from Chinese Equity Markets

Number of pages: 31 Posted: 20 Jan 2007 Last Revised: 26 May 2008
Lilian Ng and Fei Wu
Schulich School of Business, York University and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 225 (162,807)
Citation 13

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Individual investors, trading preferences, stock characteristics

Revealed Stock Preferences of Individual Investors: Evidence from Chinese Equity Markets

Pacific Basin Finance Journal, Vol. 14, pp. 175-192, 2006
Posted: 03 Nov 2006 Last Revised: 22 Sep 2008
Lilian Ng and Fei Wu
Schulich School of Business, York University and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

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Individual investors, trading preferences, stock characteristics

22.

Does Corporate Headquarters Location Matter for Firm Capital Structure?

Number of pages: 34 Posted: 31 Oct 2010
Wenlian Gao, Lilian Ng and Qinghai Wang
Central University of Finance and Economics, Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 217 (168,797)
Citation 5

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Capital Structure, Credit Market Condition, State Regulation, Investor Preference, Culture, Social Interaction

23.

Does Geographic Dispersion Affect Firm Valuation?

Number of pages: 38 Posted: 25 Sep 2006
Wenlian Gao, Lilian Ng and Qinghai Wang
University of Wisconsin - Milwaukee - Sheldon B. Lubar School of Business, Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 200 (182,261)
Citation 1

Abstract:

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Geographic Dispersion, Firm valuation, Corporate Governance

24.

Does Corporate Coinsurance Enhance Shareholder Value?

Number of pages: 45 Posted: 19 Mar 2010
Schulich School of Business, York University, Gachon University and University of Wisconsin - Milwaukee - Department of Finance
Downloads 170 (210,409)

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Financial synergy, coinsurance, debt, capital structure, mergers and acquisitions

25.

Labor Voice in Corporate Governance: Evidence from Opportunistic Insider Trading

European Corporate Governance Institute – Finance Working Paper No. 724/2021
Number of pages: 72 Posted: 25 Mar 2020 Last Revised: 26 Jan 2021
Lilian Ng, Man Duy (Marty) Pham and Jing Yu
Schulich School of Business, York University, The University of Western Australia and The University of Sydney
Downloads 168 (212,464)

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Opportunistic Insider Trading, Labor Unions, Employees, Employee Opportunism, Corporate Governance

26.

Does Global Outsourcing Affect Corporate Customers’ Voluntary Disclosures?

Number of pages: 65 Posted: 24 Aug 2020 Last Revised: 05 Mar 2021
University of New South Wales (UNSW), Wharton Research Data Services (WRDS), Schulich School of Business, York University and University of New South Wales
Downloads 158 (223,856)

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Corporate Customers, Global Supply Chains, Voluntary Disclosure

27.

Does Geographic Dispersion Affect Firm Valuation?

Journal of Corporate Finance, Forthcoming
Number of pages: 38 Posted: 22 Aug 2008
Wenlian Gao, Lilian Ng and Qinghai Wang
Central University of Finance and Economics, Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 145 (240,107)
Citation 3

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Geographic dispersion, Firm valuation, Corporate governance

28.

Are Better Governed Funds Better Monitors?

Journal of Corporate Finance, Forthcoming
Number of pages: 43 Posted: 21 Aug 2011
Julia Chou, Lilian Ng and Qinghai Wang
Florida International University, Schulich School of Business, York University and University of Central Florida - College of Business Administration
Downloads 141 (245,646)
Citation 3

Abstract:

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proxy voting, corporate governance, mutual funds

29.

Do Environmental Regulations Do More Harm Than Good? Evidence from Competition and Innovation

European Corporate Governance Institute – Finance Working Paper No. 725/2021
Number of pages: 61 Posted: 14 Jan 2021 Last Revised: 07 Feb 2021
Rui Dai, Rui Duan and Lilian Ng
Wharton Research Data Services (WRDS), York University - Schulich School of Business and Schulich School of Business, York University
Downloads 137 (251,430)

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Corporate Environmental Policy, Product Market Competition, Green Innovation, Economic Consequences

30.

Firm Performance and Mutual Fund Voting

Journal of Banking and Finance, Vol. 33, No. 12, 2009
Number of pages: 37 Posted: 11 Sep 2010
Schulich School of Business, York University, University of Central Florida - College of Business Administration and Suffolk University - Sawyer School of Management
Downloads 119 (279,512)
Citation 1

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Proxy voting, Voting policies, Mutual funds, Business ties, Institutional Shareholder Services (ISS)

31.

Does Shareholder Approval Requirement of Equity Compensation Plans Matter?

Journal of Corporate Finance, Vol. 17, 2011, 1510-1530.
Number of pages: 49 Posted: 06 Sep 2011 Last Revised: 03 Jul 2012
Schulich School of Business, York University, University of Wisconsin - Milwaukee - Department of Finance, University of Central Florida - College of Business Administration and Suffolk University - Sawyer School of Management
Downloads 87 (344,314)
Citation 1

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Executive compensation, Equity compensation, SEC regulation, Shareholder voting rights

32.

Short-Term Institutional Investors and the Diffusion of Supply Chain Information

Number of pages: 52 Posted: 12 Nov 2018 Last Revised: 29 Jan 2019
Rui Duan, Yelena Larkin and Lilian Ng
York University - Schulich School of Business, York University - Schulich School of Business and Schulich School of Business, York University
Downloads 69 (393,283)

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customer concentration, institutional investors, investor horizons, information, liquidity

33.

Drivers of Economic and Financial Integration: A Machine Learning Approach

Journal of Empirical Finance, Accepted
Number of pages: 52 Posted: 20 May 2020 Last Revised: 02 Jan 2021
Amir Akbari, Lilian Ng and Bruno Solnik
Ontario Tech. University, Schulich School of Business, York University and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 65 (405,731)

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Determinants of Market Integration, Random Forest Regression, Machine Learning

34.

COVID-19 Isolation, Managerial Sentiment, and Corporate Policies

Number of pages: 58 Posted: 30 Apr 2021 Last Revised: 12 May 2021
Lilian Ng, Jing Yu and Linyang Yu
Schulich School of Business, York University, The University of Sydney and York University - Schulich School of Business
Downloads 42 (492,590)

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COVID-19 Isolation, Work from Home, Pessimism Biases, Managerial Sentiment, Corporate Policy

35.

International Market Integration: A Survey

Asia-Pacific Journal of Financial Studies, Forthcoming
Number of pages: 49 Posted: 25 Mar 2020
Amir Akbari and Lilian Ng
Ontario Tech. University and Schulich School of Business, York University
Downloads 32 (540,933)
Citation 1

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International Finance, Market Integration, Segmentation

36.

Home Bias in Foreign Investment Decisions

Journal of International Business Studies, Forthcoming
Posted: 24 Apr 2009
Dongmin Ke, Lilian Ng and Qinghai Wang
Kean University, Schulich School of Business, York University and University of Central Florida - College of Business Administration

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Foreign Investments, Mutual Funds, and Local Presence

37.

What Determines the Domestic Bias and Foreign Bias? Evidence from Mutual Fund Equity Allocations Worldwide

Posted: 13 Aug 2004
Vicentiu Covrig, Kalok Chan and Lilian Ng
California State University, Northridge - Department of Finance, Financial Planning and Insurance, CUHK Business School and Schulich School of Business, York University

Abstract:

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Home bias, mutual funds, institutional investors, diversification

38.

Economic Forces, Fundamental Variables, and Equity Returns

Posted: 26 Oct 1999
Jia He and Lilian Ng
The Chinese University of Hong Kong (CUHK) - Department of Finance and Schulich School of Business, York University

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39.

What are the Global Sources of Rational Variation in International Equity Returns?

Technical Report Series No. 95-1
Posted: 24 Aug 1998
Jia He and Lilian Ng
The Chinese University of Hong Kong (CUHK) - Department of Finance and Schulich School of Business, York University

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40.

Equity Price Variation in Pacific Basin Countries

Posted: 24 Aug 1998
Lilian Ng
Schulich School of Business, York University

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41.

A Causality-in-Variance Test and its Application to Financial Market Prices

UCSC Working Paper 94-298
Posted: 22 Aug 1998
Lilian Ng
Schulich School of Business, York University

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42.

Foreign Exchange Exposure, Risk and the Japan Market

WP 96-80
Posted: 25 Jun 1998
Jia He, Lilian Ng and Xueping Wu
The Chinese University of Hong Kong (CUHK) - Department of Finance, Schulich School of Business, York University and City University of Hong Kong (CityUHK) - Department of Economics & Finance

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43.

Foreign Exchange Exposure, Risk and the Japanese Stock Market

Posted: 07 May 1998
Jia He, Lilian Ng and Xueping Wu
The Chinese University of Hong Kong (CUHK) - Department of Finance, Schulich School of Business, York University and City University of Hong Kong (CityUHK) - Department of Economics & Finance

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44.

International Evidence on the Stock Market and Aggregate Economic Activity

Posted: 14 Oct 1996
Lilian Ng
Schulich School of Business, York University

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45.

Common Predictable Components in Regional Stock Markets

340
Posted: 18 Jan 1996
Jia He and Lilian Ng
The Chinese University of Hong Kong (CUHK) - Department of Finance and Schulich School of Business, York University

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