• Jiang Xiaohong

    Professor/Department Chair

    Finance

    Add: Guoshun Road Siyuan Building Room 210, Siyuan Building

    Tel: 25011085(TEL)

    E-mail: christine_jiang@fudan.edu.cn

    Research Field: Capital Markets, Investment, Market Microstructure

    Website:

    Teacher information
    Achievements in scientific research
    Academic activities and community service

    Journal Papers


    1.Christine Jiang , Yiyin Wu and John Qi Zhu2025A revisit to the IPO spillover effect: On the importance of technological proximityJournal of Banking & Finance 181(2025) 1-23.  



    2.Tanakorn Likitapiwat, Chi Chih Huang (David), Sirimon Treepongkaruna, and Christine X. Jiang2025To break or not to break: price discovery in morning and afternoon call auctionsPacific-Basin Finance Journal 93 1-19.  



    3.Christine Jiang and Xianzhen Wang2024Portfolio pumping and dumping among Chinese mutual fund companiesJournal of Banking & Finance 162 1-15.  



    4.Christine Jiang, Xiaori Zhang, and Bill Hu2024Government reporting credibility as immunity: Evidence from a public health eventJournal of Multinational Financial Management 73 1-19.  



    5.Yuan Fu and Christine Jiang2023The effect of liquidity and arbitrage on the price efficiency of Chinese ETFsThe Journal of Financial Research 46(4) 1103-1140.  



    6.Lei Gao, Christine X. Jiang, and Mohamed Mekhaimer2023Count on subordinate executives: Internal governance and innovationJournal of Banking & Finance 154 1-21.  



    7.Bill Hu, Joon Ho Hwang, Christine Jiang, Jim Washam, and Li Zeng2022Down to the cents: The case of international drug pricesFinance Research Letters 46 1-8.  



    8.Xiaohu Deng, Christine Jiang, and Danqing Young2021Short selling constraints and politically motivated negative information suppressionJournal of Corporate Finance 68 1-19.  



    9.Archana Jain, Chinmay Jain, and Christine X. Jiang2021Active trading in ETFs: the role of high-frequency algorithmic tradingFinancial Analysts Journal 77(2) 66-82.  



    10.Archana Jain, Chinmay Jain, and Christine X. Jiang2019Early movers advantage? Evidence from short selling during after‐hours on earnings announcement daysThe Financial Review 54(2) 235–264.  



    11.Bill Hu, Christine Jiang, Thomas McInish, and Yixi Ning2019Price clustering of Chinese IPOs: the impact of regulation, cultural factors, and negotiationApplied Economics 51(36) 3995–4007.  



    12.Chiraphol Chiyachantana, Pankaj K.Jain, Christine Jiang, and Vivek Sharma2017Permanent price impact asymmetry of trades with institutional constraintsJournal of Financial Markets 36 1-16.  



    13.Archana Jain, Chinmay Jain, and Christine X. Jiang2017Algorithmic trading and fragmentationThe Journal of Trading 12(4) 1-11.  



    14.Bill Hu, Christine Jiang, Thomas Mclnish, and Haigang Zhou2017Price clustering on the Shanghai Stock ExchangeApplied Economics 49(28) 2766-2778.  



    15.Pawan Jain, Christine Jiang, and Mohamed Mekhaimer2016Executives' horizon, internal governance and stock market liquidityJournal of Corporate Finance 40 1-23.  



    16.Christine X. Jiang, Jang-Chul Kim, and Emre Kuvvet2014Market liquidity and ambiguity: The certification role of corporate governanceThe Financial Review 49(4) 643-668.  



    17.Pawan Jain and Christine Jiang2014Predicting future price volatility: Empirical evidence from an emerging limit order marketPacific-Basin Finance Journal 27 72–93.  



    18.Bill Hu, Joon Ho Hwang, and Christine Jiang2014The impact of earnings guidance cessation on information asymmetryJournal of Business Finance & Accounting 41(1)&(2) 73-99.  



    19.Christine X. Jiang, Tanakorn Likitapiwat, and Thomas H. McInish2012Information content of earnings announcements: evidence from after-hours tradingJournal of Financial and Quantitative Analysis 47(6) 1303–1330.  



    20.Fan, Longzhen, Bill Hu, and Christine Jiang2012Pricing and information content of block trades on the Shanghai stock exchangePacific-Basin Finance Journal 20(3) 378-397.  



    21.Sugato Chakravarty, Chiraphol N. Chiyachantana, and Christine Jiang2011The choice of trading venue and relative price impact of institutional trading: ADRs versus the underlying securities in their local marketsJournal of Financial Research 34(4) 537–567.  



    22.Christine Jiang, Thomas McInish, and James Upson2009The information content of trading haltsJournal of Financial Markets 12(4) 703-726.  



    23.Christine X. Jiang, Jang-Chul Kim, and Robert A. Wood2009Adverse selection costs for NASDAQ and NYSE after decimalizationInternational Review of Financial Analysis 18(4) 205-211.  



    24.Chiraphol N. Chiyachantana, Pankaj K. Jain, Christine Jiang, and Robert A. Wood2006Volatility effects of institutional trading in foreign stocksJournal of Banking and Finance 30(8) 2199-2214.  



    25.Christine X. Jiang and Jang-chul Kim2005Trading costs of non-U.S. stocks on the New York stock exchange: the effect of institutional ownership, analyst following, and market regulationJournal of Financial Research 28(3) 439-459.  



    26.Chiraphol N. Chiyachantana, Christine X. Jiang, Nareerat Taechapiroontong, and Robert A. Wood2004The impact of regulation fair disclosure on information asymmetry and trading: an intraday analysisFinancial Review 39(4) 549-577.  



    27.Michael Y. Hu, Christine X. Jiang, and Christos Tsoukalas2004The volatility impact of the European monetary system on member and non-member currenciesApplied Financial Economics 14 313-325.  



    28.Chiraphol N. Chiyachantana, Pankaj K. Jain, Chiristine Jiang, and Robert A. Wood2004International evidence on institutional trading behavior and price impactJournal of Finance 59(2) 869-898.  



    29.Jeng-Hong Chen, Christine X. Jiang, Jang-Chul Kim, and Thomas H. McInish2003Bid-ask spreads, information asymmetry, and abnormal investor sentiment: evidence from closed-end fundsReview of Quantitative Finance and Accounting 21(4) 303-321.  



    30.Wayne Y. Lee, Christine X. Jiang, and Daniel C. Indro2002Stock market volatility, excess returns, and the role of investor sentimentJournal of Banking and Finance 26(12) 2277-2299.  



    31.David Vanderlinden, Christine X. Jiang, and Michael Hu2002Conditional hedging and portfolio performanceFinancial Analysts Journal 58(4) 72-82.  



    32.Michael Y. Hu, Guoqiang Zhang, Christine X. Jiang, and B. Eddy Patuwo1999A cross-validation analysis of neural network out-of-sample performance in exchange rate forecastingDecision Sciences 30(1) 197-216.  



    33.D.C. Indro, C.X. Jiang, B.E. Patuwo, and G.P. Zhang1999Predicting mutual fund performance using artificial neural networksOmega-International Journal of Management Science 27(3) 373-380.  



    34.Daniel C. Indro, Christine X. Jiang, Michael Y. Hu, and Wayne Y. Lee1999Mutual fund performance: does fund size matter?Financial Analysts Journal 55(3) 74-87.  



    35.Daniel C. Indro, Christine X. Jiang, Michael Y. Hu, and Wayne Y. Lee1998Mutual fund performance: a question of styleThe Journal of Investing 7(2) 46-53.  



    36.Chrisine X. Jiang1998Deversification with American depository receipts: the dynamics and the pricing factorsJournal of Business Finance & Accounting 25(5)&(6) 683-699.  



    37.Thomas C. Chiang and Christine X. Jiang1998Empirical analysis of interdependency and volatility among Asian stock marketsReview of Pacific Basin Financial Markets and Policies 1(4) 437-459.  


    Research Projects

    2025.06—2025.12Principal InvestigatorCooperation Agreement for White Paper on Listed Company Value Management or White Paper on Listed Company Value ManagementEastmoney Securities Co., Ltd


    Journal Papers


    1.Christine Jiang , Yiyin Wu and John Qi Zhu2025A revisit to the IPO spillover effect: On the importance of technological proximityJournal of Banking & Finance 181(2025) 1-23.  



    2.Tanakorn Likitapiwat, Chi Chih Huang (David), Sirimon Treepongkaruna, and Christine X. Jiang2025To break or not to break: price discovery in morning and afternoon call auctionsPacific-Basin Finance Journal 93 1-19.  



    3.Christine Jiang and Xianzhen Wang2024Portfolio pumping and dumping among Chinese mutual fund companiesJournal of Banking & Finance 162 1-15.  



    4.Christine Jiang, Xiaori Zhang, and Bill Hu2024Government reporting credibility as immunity: Evidence from a public health eventJournal of Multinational Financial Management 73 1-19.  



    5.Yuan Fu and Christine Jiang2023The effect of liquidity and arbitrage on the price efficiency of Chinese ETFsThe Journal of Financial Research 46(4) 1103-1140.  



    6.Lei Gao, Christine X. Jiang, and Mohamed Mekhaimer2023Count on subordinate executives: Internal governance and innovationJournal of Banking & Finance 154 1-21.  



    7.Bill Hu, Joon Ho Hwang, Christine Jiang, Jim Washam, and Li Zeng2022Down to the cents: The case of international drug pricesFinance Research Letters 46 1-8.  



    8.Xiaohu Deng, Christine Jiang, and Danqing Young2021Short selling constraints and politically motivated negative information suppressionJournal of Corporate Finance 68 1-19.  



    9.Archana Jain, Chinmay Jain, and Christine X. Jiang2021Active trading in ETFs: the role of high-frequency algorithmic tradingFinancial Analysts Journal 77(2) 66-82.  



    10.Archana Jain, Chinmay Jain, and Christine X. Jiang2019Early movers advantage? Evidence from short selling during after‐hours on earnings announcement daysThe Financial Review 54(2) 235–264.  



    11.Bill Hu, Christine Jiang, Thomas McInish, and Yixi Ning2019Price clustering of Chinese IPOs: the impact of regulation, cultural factors, and negotiationApplied Economics 51(36) 3995–4007.  



    12.Chiraphol Chiyachantana, Pankaj K.Jain, Christine Jiang, and Vivek Sharma2017Permanent price impact asymmetry of trades with institutional constraintsJournal of Financial Markets 36 1-16.  



    13.Archana Jain, Chinmay Jain, and Christine X. Jiang2017Algorithmic trading and fragmentationThe Journal of Trading 12(4) 1-11.  



    14.Bill Hu, Christine Jiang, Thomas Mclnish, and Haigang Zhou2017Price clustering on the Shanghai Stock ExchangeApplied Economics 49(28) 2766-2778.  



    15.Pawan Jain, Christine Jiang, and Mohamed Mekhaimer2016Executives' horizon, internal governance and stock market liquidityJournal of Corporate Finance 40 1-23.  



    16.Christine X. Jiang, Jang-Chul Kim, and Emre Kuvvet2014Market liquidity and ambiguity: The certification role of corporate governanceThe Financial Review 49(4) 643-668.  



    17.Pawan Jain and Christine Jiang2014Predicting future price volatility: Empirical evidence from an emerging limit order marketPacific-Basin Finance Journal 27 72–93.  



    18.Bill Hu, Joon Ho Hwang, and Christine Jiang2014The impact of earnings guidance cessation on information asymmetryJournal of Business Finance & Accounting 41(1)&(2) 73-99.  



    19.Christine X. Jiang, Tanakorn Likitapiwat, and Thomas H. McInish2012Information content of earnings announcements: evidence from after-hours tradingJournal of Financial and Quantitative Analysis 47(6) 1303–1330.  



    20.Fan, Longzhen, Bill Hu, and Christine Jiang2012Pricing and information content of block trades on the Shanghai stock exchangePacific-Basin Finance Journal 20(3) 378-397.  



    21.Sugato Chakravarty, Chiraphol N. Chiyachantana, and Christine Jiang2011The choice of trading venue and relative price impact of institutional trading: ADRs versus the underlying securities in their local marketsJournal of Financial Research 34(4) 537–567.  



    22.Christine Jiang, Thomas McInish, and James Upson2009The information content of trading haltsJournal of Financial Markets 12(4) 703-726.  



    23.Christine X. Jiang, Jang-Chul Kim, and Robert A. Wood2009Adverse selection costs for NASDAQ and NYSE after decimalizationInternational Review of Financial Analysis 18(4) 205-211.  



    24.Chiraphol N. Chiyachantana, Pankaj K. Jain, Christine Jiang, and Robert A. Wood2006Volatility effects of institutional trading in foreign stocksJournal of Banking and Finance 30(8) 2199-2214.  



    25.Christine X. Jiang and Jang-chul Kim2005Trading costs of non-U.S. stocks on the New York stock exchange: the effect of institutional ownership, analyst following, and market regulationJournal of Financial Research 28(3) 439-459.  



    26.Chiraphol N. Chiyachantana, Christine X. Jiang, Nareerat Taechapiroontong, and Robert A. Wood2004The impact of regulation fair disclosure on information asymmetry and trading: an intraday analysisFinancial Review 39(4) 549-577.  



    27.Michael Y. Hu, Christine X. Jiang, and Christos Tsoukalas2004The volatility impact of the European monetary system on member and non-member currenciesApplied Financial Economics 14 313-325.  



    28.Chiraphol N. Chiyachantana, Pankaj K. Jain, Chiristine Jiang, and Robert A. Wood2004International evidence on institutional trading behavior and price impactJournal of Finance 59(2) 869-898.  



    29.Jeng-Hong Chen, Christine X. Jiang, Jang-Chul Kim, and Thomas H. McInish2003Bid-ask spreads, information asymmetry, and abnormal investor sentiment: evidence from closed-end fundsReview of Quantitative Finance and Accounting 21(4) 303-321.  



    30.Wayne Y. Lee, Christine X. Jiang, and Daniel C. Indro2002Stock market volatility, excess returns, and the role of investor sentimentJournal of Banking and Finance 26(12) 2277-2299.  



    31.David Vanderlinden, Christine X. Jiang, and Michael Hu2002Conditional hedging and portfolio performanceFinancial Analysts Journal 58(4) 72-82.  



    32.Michael Y. Hu, Guoqiang Zhang, Christine X. Jiang, and B. Eddy Patuwo1999A cross-validation analysis of neural network out-of-sample performance in exchange rate forecastingDecision Sciences 30(1) 197-216.  



    33.D.C. Indro, C.X. Jiang, B.E. Patuwo, and G.P. Zhang1999Predicting mutual fund performance using artificial neural networksOmega-International Journal of Management Science 27(3) 373-380.  



    34.Daniel C. Indro, Christine X. Jiang, Michael Y. Hu, and Wayne Y. Lee1999Mutual fund performance: does fund size matter?Financial Analysts Journal 55(3) 74-87.  



    35.Daniel C. Indro, Christine X. Jiang, Michael Y. Hu, and Wayne Y. Lee1998Mutual fund performance: a question of styleThe Journal of Investing 7(2) 46-53.  



    36.Chrisine X. Jiang1998Deversification with American depository receipts: the dynamics and the pricing factorsJournal of Business Finance & Accounting 25(5)&(6) 683-699.  



    37.Thomas C. Chiang and Christine X. Jiang1998Empirical analysis of interdependency and volatility among Asian stock marketsReview of Pacific Basin Financial Markets and Policies 1(4) 437-459.  


    Research Projects

    2025.06—2025.12Principal InvestigatorCooperation Agreement for White Paper on Listed Company Value Management or White Paper on Listed Company Value ManagementEastmoney Securities Co., Ltd


    Academic Conferences

    2025.102025 FMA Annual MeetingVancouver, Canada

    2024.102024 FMA Annual MeetingDallas. USA

    2023.102023 FMA Annual MeetingChicago, USA

    2023.05The 45th Annual Congress of the European Accounting AssociationEspoo

    2022.10Financial Management Association annual meetingAtlanta

    2021.102021 FMA Annual Meeting ProgramDenver, CO, USA