Ashley Wang

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

13

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SSRN CITATIONS
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Top 7,506

in Total Papers Citations

111

CROSSREF CITATIONS

63

Scholarly Papers (13)

1.

Intertemporal Capital Asset Pricing and the Fama-French Three-Factor Model

University of Pennsylvania Working Paper
Number of pages: 55 Posted: 17 Aug 2001
Michael J. Brennan, Ashley Wang and Yihong Xia
University of California, Los Angeles (UCLA) - Finance Area, Board of Governors of the Federal Reserve System and University of California, Los Angeles (Deceased)
Downloads 1,979 (9,569)
Citation 21

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Intertemporal capital asset pricing model, Fama-French three factor model, stochastic investment opportunity set, time-varying Sharpe ratio, time-varying risk premia

2.

The Road Less Traveled: Strategy Distinctiveness and Hedge Fund Performance

AFA 2010 Atlanta Meetings Paper
Number of pages: 68 Posted: 04 Feb 2009 Last Revised: 09 Apr 2011
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 1,089 (24,218)
Citation 47

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Strategy Distinctiveness, Hedge Fund

Only Winners in Tough Times Repeat: Hedge Fund Performance Persistence over Different Market Conditions

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 47 Posted: 13 Apr 2013 Last Revised: 04 Oct 2018
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 623 (51,667)
Citation 1

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Hedge funds, Conditional performance, Performance persistence

Only Winners in Tough Times Repeat: Hedge Fund Performance Persistence Over Different Market Conditions

FEDS Working Paper No. 2016-030
Number of pages: 42 Posted: 20 Apr 2016
Zheng Sun, Ashley Wang and Lu Zheng
University of California, Irvine - Paul Merage School of Business, Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 148 (240,234)

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Conditional performance, Hedge funds, Performance Persistence

4.

Estimation and Test of a Simple Model of Intertemporal Capital Asset Pricing

Number of pages: 62 Posted: 13 Oct 2002
Michael J. Brennan, Ashley Wang and Yihong Xia
University of California, Los Angeles (UCLA) - Finance Area, Board of Governors of the Federal Reserve System and University of California, Los Angeles (Deceased)
Downloads 671 (47,521)
Citation 73

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5.

Dynamic Liquidity Management by Corporate Bond Mutual Funds

Number of pages: 42 Posted: 08 May 2016 Last Revised: 30 Oct 2017
Hao Jiang, Dan Li and Ashley Wang
Michigan State University, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 658 (48,825)
Citation 23

Abstract:

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Liquidity, Mutual funds, Asset Managers, Corporate Bond Funds, Run risks

6.

Asset Pricing and Mispricing

Number of pages: 44 Posted: 10 Jul 2006
Michael J. Brennan and Ashley Wang
University of California, Los Angeles (UCLA) - Finance Area and Board of Governors of the Federal Reserve System
Downloads 594 (55,624)
Citation 9

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7.

Aggregate Hedge Fund Flows and Asset Returns

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 37 Posted: 20 Aug 2008 Last Revised: 16 Sep 2009
Ashley Wang and Lu Zheng
Board of Governors of the Federal Reserve System and University of California, Irvine - Paul Merage School of Business
Downloads 459 (76,626)
Citation 2

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Hedge Fund Flow, Hedge Fund Performance

8.

The Mispricing Return Premium

Number of pages: 43 Posted: 19 Aug 2008 Last Revised: 19 Feb 2009
Michael J. Brennan and Ashley Wang
University of California, Los Angeles (UCLA) - Finance Area and Board of Governors of the Federal Reserve System
Downloads 409 (87,738)
Citation 7

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Jensen's Inequality, Asset Pricing Test

9.

Institutional Ownership and Credit Spreads: An Information Asymmetry Perspective

Journal of Empirical Finance, Vol. 16, 2009
Number of pages: 34 Posted: 22 Mar 2007 Last Revised: 02 Nov 2009
Ashley Wang and Gaiyan Zhang
Board of Governors of the Federal Reserve System and University of Missouri at St. Louis - College of Business Administration
Downloads 363 (100,595)
Citation 3

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Institutional ownership, credit spreads, information asymmetry, corporate governance

10.

Institutional Equity Investment, Asymmetric Information and Credit Spreads

Number of pages: 42 Posted: 30 Jun 2006
Ashley Wang and Gaiyan Zhang
Board of Governors of the Federal Reserve System and University of Missouri at Saint Louis - College of Business Administration
Downloads 317 (116,933)
Citation 3

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Credit Spread, Institutional Equity Ownership, Information Asymmetry

11.

Does Mutual Fund Illiquidity Introduce Fragility into Asset Prices? Evidence from the Corporate Bond Market

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 73 Posted: 31 Dec 2019 Last Revised: 03 Feb 2021
Hao Jiang, Yi Li, Zheng Sun and Ashley Wang
Michigan State University, Board of Governors of the Federal Reserve System, University of California, Irvine - Paul Merage School of Business and Board of Governors of the Federal Reserve System
Downloads 279 (133,776)
Citation 5

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Corporate bond mutual fund, liquidity transformation, fragility, volatility

12.

Institutional Investor Preferences for Analyst Forecast Accuracy: Does Investment Strategy Matter?

CAAA Annual Conference 2011
Number of pages: 43 Posted: 17 Jan 2011
University of Cincinnati - Department of Accounting, University of Missouri at Saint Louis, University of Missouri at St. Louis - College of Business Administration and Board of Governors of the Federal Reserve System
Downloads 254 (147,217)
Citation 1

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13.

The Help that May Hurt: On the Link between Institutional Ownership and Cost of Debt Capital

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 34 Posted: 19 Aug 2008 Last Revised: 09 Nov 2008
Ashley Wang and Gaiyan Zhang
Board of Governors of the Federal Reserve System and University of Missouri at Saint Louis - College of Business Administration
Downloads 139 (252,108)

Abstract:

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Cost of Debt, Institutional Equity Ownership, Information Asymmetry