Tao Shu

The Chinese University of Hong Kong, Shenzhen

Professor of Finance

Shenzhen Finance Institute

Professor of Finance

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 2,982

SSRN RANKINGS

Top 2,982

in Total Papers Downloads

14,560

SSRN CITATIONS
Rank 6,774

SSRN RANKINGS

Top 6,774

in Total Papers Citations

117

CROSSREF CITATIONS

73

Scholarly Papers (24)

1.

Who Drove and Burst the Tech Bubble?

Journal of Finance, Forthcoming
Number of pages: 145 Posted: 24 Oct 2003 Last Revised: 17 Nov 2010
University of Texas at Austin - Department of Finance, American University - Department of Finance and Real Estate, The Chinese University of Hong Kong, Shenzhen and Queen's University - Smith School of Business
Downloads 2,888 (4,972)
Citation 23

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Stock Market Bubbles, Institutional Trading, Individual Trading

2.

Price Impact or Trading Volume: Why is the Amihud (2002) Measure Priced?

Number of pages: 73 Posted: 10 Jul 2013 Last Revised: 14 Mar 2017
Xiaoxia Lou and Tao Shu
University of Delaware - Alfred Lerner College of Business and Economics and The Chinese University of Hong Kong, Shenzhen
Downloads 1,883 (10,094)
Citation 22

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Amihud illiquidity measure, trading volume, price impact, liquidity premium

3.

Does Positive-Feedback Trading by Institutions Contribute to Stock Return Momentum?

AFA 2007 Chicago Meetings Paper
Number of pages: 46 Posted: 03 Nov 2005 Last Revised: 02 Jan 2012
Tao Shu
The Chinese University of Hong Kong, Shenzhen
Downloads 1,219 (19,818)
Citation 9

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institutions, postive-feedback trading, momentum

4.

Is the Chinese Anti-Corruption Campaign Authentic? Evidence from Corporate Investigations

29th Annual Conference on Financial Economics & Accounting 2018, Finance Down Under 2019 Building on the Best from the Cellars of Finance, Paris December 2018 Finance Meeting EUROFIDAI - AFFI, PBCSF-NIFR Research Paper
Number of pages: 115 Posted: 20 May 2016 Last Revised: 14 Nov 2020
John M. Griffin, Clark Liu and Tao Shu
University of Texas at Austin - Department of Finance, Tsinghua University - PBC School of Finance and The Chinese University of Hong Kong, Shenzhen
Downloads 1,196 (20,431)
Citation 17

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Anti-Corruption Campaign, China, Corrupt Managers, Corrutpion Measures, Corporate Culture

5.

Can Managers Use Discretionary Accruals to Ease Financial Constraints? Evidence from Discretionary Accruals Prior to Investment

Accounting Review, Forthcoming
Number of pages: 52 Posted: 22 Mar 2010 Last Revised: 20 Oct 2015
Southern Methodist University (SMU) - Finance Department, Department of Finance and The Chinese University of Hong Kong, Shenzhen
Downloads 812 (35,616)
Citation 15

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Financial constraints, discretionary accruals, investment, signaling, valuation, external financing

6.

Examining the Dark Side of Financial Markets: Do Institutions Trade on Information from Investment Bank Connections?

Review of Financial Studies, Forthcoming
Number of pages: 50 Posted: 22 Mar 2009 Last Revised: 29 Mar 2012
University of Texas at Austin - Department of Finance, The Chinese University of Hong Kong, Shenzhen and Queen's University - Smith School of Business
Downloads 792 (36,854)
Citation 4

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Institution, Informed, Trading, Short-Term, connections, earnings announcement, takeover

7.

The Convergence and Divergence of Investors’ Opinions around Earnings News: Evidence from a Social Network

Asian Finance Association (AsFA) 2013 Conference, Finance Down Under 2014 Building on the Best from the Cellars of Finance
Number of pages: 64 Posted: 08 Mar 2012 Last Revised: 30 Nov 2018
Citadel, Neeley School of Business and The Chinese University of Hong Kong, Shenzhen
Downloads 782 (37,507)
Citation 9

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investor disagreement, earnings announcements, Twitter, trading volume, convergence of opinion, divergence of opinion

8.

Local Religious Beliefs and Mutual Fund Risk-Taking Behaviors

Number of pages: 34 Posted: 20 Dec 2009 Last Revised: 22 Nov 2011
The Chinese University of Hong Kong, Shenzhen, National University of Singapore (NUS) - Department of Finance and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 705 (43,199)
Citation 27

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Mutual funds, Geographic Location, Religion

9.

Expectation Management in Mergers and Acquisitions

Forthcoming, Management Science
Number of pages: 49 Posted: 15 Oct 2014 Last Revised: 28 Jul 2019
University of Georgia - Department of Finance, Iowa State University, Department of Finance and The Chinese University of Hong Kong, Shenzhen
Downloads 540 (61,048)
Citation 2

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Expectation management, stock-for-stock mergers, acquisition costs, conflicts of interest, earnings surprises

10.

Nonlocal Disadvantage: An Examination of Social Media Sentiment

Number of pages: 60 Posted: 17 Jun 2011 Last Revised: 27 Apr 2017
Citadel, Neeley School of Business and The Chinese University of Hong Kong, Shenzhen
Downloads 480 (70,695)
Citation 1

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Twitter, Social Network, Individual Investors, Nonlocal Disadvantage, Public News, Overpricing

11.

Life is Too Short? Bereaved Managers and Investment Decisions

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC, 27th Annual Conference on Financial Economics and Accounting Paper
Number of pages: 70 Posted: 12 Sep 2015 Last Revised: 20 May 2020
Tsinghua University - PBC School of Finance, The Chinese University of Hong Kong, Shenzhen, National University of Singapore (NUS) - Department of Finance and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 472 (72,154)
Citation 3

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Large Organizations, Life Experience, Bereavement, Investment Decisions, Mutual Fund, Public Firms, Risk Taking, Endogenous Matching

12.

Institutional Investor Participation and Stock Market Anomalies

Number of pages: 38 Posted: 14 Mar 2006 Last Revised: 30 Oct 2012
Tao Shu
The Chinese University of Hong Kong, Shenzhen
Downloads 377 (94,087)

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Institutional Trading Volume, Anomalies, Price Efficiency

13.

Patent Quality, Firm Value, and Investor Underreaction: Evidence from Patent Examiner Busyness

PBCSF-NIFR Research Paper
Number of pages: 50 Posted: 11 Mar 2018 Last Revised: 20 Jan 2021
Tao Shu, Xuan Tian and Xintong Zhan
The Chinese University of Hong Kong, Shenzhen, Tsinghua University - PBC School of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 351 (102,011)

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patent quality, examiner busyness, firm value, stock returns, investor underreaction.

14.
Downloads 350 (102,317)
Citation 29

Default Risk, Shareholder Advantage and Stock Returns

McCombs Research Paper Series No. FIN-05-06
Number of pages: 59 Posted: 21 Mar 2006
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong, Shenzhen and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 350 (101,584)
Citation 29

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Default Risk, Stock Returns, Debt Renegotiation, Bankruptcy, Liquidation

Default Risk, Shareholder Advantage, and Stock Returns

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2743-2778, 2008
Posted: 15 Dec 2008
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong, Shenzhen and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

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G12, G14, G33

15.

The Employee Clientele of Corporate Leverage: Evidence from Family Labor Income Diversification

Number of pages: 57 Posted: 05 Dec 2016 Last Revised: 18 May 2020
Jie He, Tao Shu and Huan Yang
University of Georgia - Department of Finance, The Chinese University of Hong Kong, Shenzhen and University of Massachusetts Amherst - Department of Finance
Downloads 345 (103,954)

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clientele effect, family labor income diversification, employee job risk aversion, leverage, capital structure

16.

Default Risk, Shareholder Advantage, and Stock Returns*

8th Annual Texas Finance Festival
Number of pages: 56 Posted: 07 Apr 2006
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong, Shenzhen and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 264 (138,444)

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Default Risk, Stock Returns, Debt Renegotiatin, Bankruptcy, Liquidation

17.

Moderated Confidence and Under- and Overreactions to Related Firm's News

Number of pages: 39 Posted: 16 Mar 2011 Last Revised: 24 Jan 2012
University of Georgia - Terry College of Business, The Chinese University of Hong Kong, Shenzhen and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 245 (149,074)
Citation 2

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Moderated Confidence, Underreaction, Overreaction, Information Transfers

18.

The Role of External Regulators in Mergers and Acquisitions: Evidence from SEC Comment Letters

Number of pages: 60 Posted: 07 Oct 2019 Last Revised: 17 Feb 2021
Iowa State University, The Chinese University of Hong Kong, Shenzhen, University of Georgia and University of Virginia
Downloads 240 (152,101)
Citation 3

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Information asymmetry; M&A; SEC; Comment letters; Shareholder welfare; Corporate governance; Deal outcomes

19.

Which Relatedness Drives Synergies Creation? Evidence from Stock Return Correlations Using Machine-learning Tools

Number of pages: 66 Posted: 01 Oct 2018 Last Revised: 02 Oct 2020
Iowa State University, University of Georgia - Department of Finance, The Chinese University of Hong Kong, Shenzhen and Georgia Institute of Technology
Downloads 225 (161,876)

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Distinct Relatedness, Synergies, Mergers and Acquisitions, Conditional Dependence, Lasso, Stock return comovement

20.

The Disappearing IPO Puzzle: New Insights from Proprietary U.S. Census Data on Private Firms

Number of pages: 64 Posted: 26 Mar 2020 Last Revised: 24 Dec 2020
Boston College - Carroll School of Management, University of Georgia - Department of Finance, University of Georgia - Department of Finance and The Chinese University of Hong Kong, Shenzhen
Downloads 221 (164,691)
Citation 4

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IPOs, Exit Choices, Disappearing IPOs, Private Equity, Weak Economy, Product Market Competition

21.

Risks in Mergers and Acquisitions

Number of pages: 69 Posted: 19 Mar 2021
Iowa State University - Department of Accounting and Finance, Iowa State University, The Chinese University of Hong Kong, Shenzhen and University of Dayton
Downloads 70 (387,279)

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Mergers and Acquisitions, Risk-factor disclosure, Risks in M&As, Technology and product, Valuation and fairness, Accounting information, Ownership and dilution, Merger outcomes

22.

Workplace Inequality in Pay Growth: Evidence from US Individual-level Data

Number of pages: 59 Posted: 21 Aug 2020 Last Revised: 27 Jan 2021
Jie He, Lei Li and Tao Shu
University of Georgia - Department of Finance, Board of Governors of the Federal Reserve System and The Chinese University of Hong Kong, Shenzhen
Downloads 61 (415,950)

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managerial rent extraction, within-firm pay inequality, CEO-to-median-employee pay gap, employee pay growth, corporate hierarchy, Longitudinal Employer-Household Dynamics database

23.

Nonlocal Disadvantage: An Examination of Social Media Sentiment

Number of pages: 66 Posted: 17 Jun 2011
Citadel, Neeley School of Business and The Chinese University of Hong Kong, Shenzhen
Downloads 42 (489,117)
Citation 7

Abstract:

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Twitter, Social Network, Individual Investors, Nonlocal Disadvantage, Public News, Overpricing

24.

Institutional Investor Participation and Stock Market Anomalies

Journal of Business Finance & Accounting, Vol. 40, Issue 5-6, pp. 695-718, 2013
Number of pages: 24 Posted: 27 Jul 2013
Tao Shu
The Chinese University of Hong Kong, Shenzhen
Downloads 0 (775,401)
Citation 1
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institutional investors, trading volume, anomalies, market efficiency