Solving the return deviation conundrum of leveraged exchange-traded funds
H Tang, XE Xu - Journal of Financial and Quantitative Analysis, 2013 - cambridge.org
The large deviation of the actual return of a leveraged exchange-traded fund (LETF) from
the leveraged multiple of the underlying index return has drawn considerable attention from …
the leveraged multiple of the underlying index return has drawn considerable attention from …
Body mass index in families: spousal correlation, endogeneity, and intergenerational transmission
J Abrevaya, H Tang - Empirical Economics, 2011 - Springer
Previous studies have documented spousal and intergenerational correlations in body mass
index (BMI) but few have considered familial weight data augmented with socioeconomic …
index (BMI) but few have considered familial weight data augmented with socioeconomic …
Do leveraged exchange-traded products deliver their stated multiples?
A Loviscek, H Tang, XE Xu - Journal of Banking & Finance, 2014 - Elsevier
Using the longest history of a US equity market index, this paper simulates the return deviation
and multiple deviation for Leveraged Exchange-Traded Products (LETPs) with different …
and multiple deviation for Leveraged Exchange-Traded Products (LETPs) with different …
Are CEO stock option grants optimal? Evidence from family firms and non-family firms around the Sarbanes–Oxley Act
H Tang - Review of quantitative finance and accounting, 2014 - Springer
This paper investigates the optimality of stock option grants to Chief Executive Officers (CEOs)
by examining a set of S&P 500 companies around the passage of the Sarbanes–Oxley …
by examining a set of S&P 500 companies around the passage of the Sarbanes–Oxley …
Are both managerial morality and talent important to firm performance? Evidence from Chinese public firms
X Pan, H Tang - International Review of Financial Analysis, 2021 - Elsevier
Morality and talent are two important factors to consider when selecting managers. This
study examines the relation among managerial morality, talent, and firm performance by …
study examines the relation among managerial morality, talent, and firm performance by …
Do ETFs affect ADRs and US domestic stocks differently?
This study examines the effect of exchange-traded funds (ETFs) on their underlying American
depositary receipts (ADRs). We find that the percentage of ADR shares owned by ETFs …
depositary receipts (ADRs). We find that the percentage of ADR shares owned by ETFs …
Identifying the relation between a supply chain network's structure and its overall financial performance
P Orenstein, H Tang - Operations and Supply Chain …, 2021 - journal.oscm-forum.org
We construct a data set using financial performance data spanning forty publicly traded
companies across several industry sectors over a three-year time-period to identify key structural …
companies across several industry sectors over a three-year time-period to identify key structural …
Do Corporate Cash Holdings PredictStock Returns?
RKS Rao, H Tang, S Chandrashekar - The Journal of Investing, 2013 - pm-research.com
Stockholders’ returns, in finance theory, are independent of a firm’s cash holdings. However,
there is widespread belief among Wall Street practitioners that firms’ cash holdings do …
there is widespread belief among Wall Street practitioners that firms’ cash holdings do …
CEO incentives: Measurement, determinants, and impact on performance
We examine, both theoretically and empirically, the determinants and performance impact
of three measures of CEO incentives: pay-performance elasticity (PPE), semi-elasticity (PPSE)…
of three measures of CEO incentives: pay-performance elasticity (PPE), semi-elasticity (PPSE)…
Real estate as a new equity market sector: Market responses and return comovement
This study examines the market responses and return comovement between real estate and
financial stocks around the reclassification of real estate firms from the financial sector to a …
financial stocks around the reclassification of real estate firms from the financial sector to a …