Kainan Wang
- Professor, Finance , College of Business and Innovation
Overview
overview
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Dr. Wang is Department Chair and Professor in the Neff Finance Department at the University of Toledo. He teaches at both undergraduate and MBA levels.
Dr. Wang's research focuses primarily on corporate finance, econometrics, and investments. His current work includes conditional covariance modeling, conditional performance modeling, mutual funds, institutional investors, and corporate governance. His work is published or forthcoming in journals such as European Financial Management, Financial Analysts Journal, Journal of Banking and Finance, Journal of Business Finance and Accounting, Journal of Business and Economic Statistics, Journal of Business Research, Journal of Empirical Finance, Journal of Financial Research, Journal of Fixed Income, Journal of Futures Markets, Journal of International Business Studies, and etc.
Dr. Wang received his Ph.D. in finance from Washington State University. He also has a master's degree in biochemistry from McGill University and a bachelor's degree in biology from Shandong University.
Publications
selected publications
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Article (Faculty180)
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2024Lever up! An analysis of options trading in leveraged ETFs. Journal of Futures Markets. n/a.
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2022A perfect storm in the financial market. Journal of Financial Stability. 61:101034.
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2022Do domestic or foreign institutional investors matter? The case of firm information asymmetry in Korea. Pacific-Basin Finance Journal. 72:101727.
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2022Firm-level political risk and corporate investment. Finance Research Letters. 102307.
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2022Is ‘Not Trading’ Informative? Evidence from Corporate Insiders’ Portfolios. Financial Analysts Journal. 78.
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2022Related party transactions and corporate environmental responsibility. Finance Research Letters. 102490.
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2021A tale of two forms of proximity: Geography and market. Journal of Business Research. 122:14-23.
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2021Blessing or Curse? Institutional Investment in Leveraged ETFs. Journal of Banking and Finance. 129.
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2021The Big Picture: The Industry Effect of Short Interest. International Review of Financial Analysis. 76.
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2020Are Better-Governed Firms More Innovative? Evidence from Korea. International Review of Economics and Finance.
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2019Does Institutional Ownership Predict Mutual Fund Performance? An Examination of Undiscovered Holdings within 13F Reports. European Financial Management. 25:1249-1285.
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2019INSIDER DEMAND AND INDUSTRY TRENDS. JOURNAL OF FINANCIAL RESEARCH. 42:713-733.
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2019Perceived Information, Short Sales, and Institutional Demand. Journal of Empirical Finance. 54:22-38.
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2019When short sellers and corporate insiders agree on stock pricing. Journal of Portfolio Management. 46:129-142.
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2018Do Firms Have Target Capital Structures? Evidence from Institutional Monitoring. International Review of Economics and Finance.
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2018Does Hometown Advantage Matter? The Case of Institutional Blockholder Monitoring on Earnings Management in Korea . Journal of International Business Studies. 49:196-221.
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2018Optionable Stocks and Mutual Fund Performance. Journal of Futures Markets. 38:390-412.
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2017Strategic Merger Decisions across Business Cycles: Evidence from Bidders' Time-varying Appetite for Operating Leverage. International Review of Economics and Finance. 47:143.
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2017The Value in Fundamental Accounting Information. Journal of Financial Research.
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2017Trend Analysis of Global Fortune 500 Firms: A Comparative Study of Chinese and Japanese Firms. Benchmarking: An International Journal. 24:50.
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2017Why Is Accounting Information Important to Bondholders?. The Journal of Fixed Income. 26:82.
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2016Institutional Investor Trading in a Short Investment Horizon: Evidence from the Korean Stock Market. Emerging Markets Finance and Trade. 52:1002.
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2016Short-term Trading by Individual Investors in the Korean Stock Market. Journal of the Asia Pacific Economy. 21:599.
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2016The Benefits of Improved Covariance Estimation. Journal of Empirical Finance. 37:233.
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2016The Impact of Individual Investor Trading on Information Asymmetry in the Korean Stock Market. The North American Journal of Economics and Finance. 37:472.
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2015Institutional Monitoring: Evidence from the F-Score. Journal of Business Finance & Accounting. 42:885.
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2014Do Institutional Investors Monitor Management? Evidence from the Relationship between Institutional Ownership and Capital Structure. The North American Journal of Economics and Finance. 30:203.
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2014Modeling Conditional Covariances with Economic Information Instruments. Journal of Business and Economic Statistics. 32:217.
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Article (Web of Science)
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2021Blessing or curse? Institutional investment in leveraged ETFs. JOURNAL OF BANKING & FINANCE. 129.Full Text via DOI: 10.1016/j.jbankfin.2021.106169
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2021The big picture: The industry effect of short interest. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS. 76.Full Text via DOI: 10.1016/j.irfa.2021.101760
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2021A tale of two forms of proximity: Geography and market. JOURNAL OF BUSINESS RESEARCH. 122:14-23.Full Text via DOI: 10.1016/j.jbusres.2020.08.060
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2020Are better-governed firms more innovative? Evidence from Korea. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE. 69:263-279.Full Text via DOI: 10.1016/j.iref.2020.05.018
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2019Perceived information, short interest, and institutional demand. JOURNAL OF EMPIRICAL FINANCE. 54:22-38.Full Text via DOI: 10.1016/j.jempfin.2019.08.006
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2019Does institutional ownership predict mutual fund performance? An examination of undiscovered holdings within 13(f) reports. EUROPEAN FINANCIAL MANAGEMENT. 25:1249-1285.Full Text via DOI: 10.1111/eufm.12209
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2019INSIDER DEMAND AND INDUSTRY TRENDS. JOURNAL OF FINANCIAL RESEARCH. 42:713-733.Full Text via DOI: 10.1111/jfir.12192
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2019When Short Sellers and Corporate Insiders Agree on Stock Pricing. JOURNAL OF PORTFOLIO MANAGEMENT. 45:129-142.Full Text via DOI: 10.3905/jpm.2019.1.084
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2018Do firms have target capital structures? Evidence from institutional monitoring. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE. 58:65-77.Full Text via DOI: 10.1016/j.iref.2018.02.024
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2018Optionable Stocks and Mutual Fund Performance. JOURNAL OF FUTURES MARKETS. 38:390-412.Full Text via DOI: 10.1002/fut.21844
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2018Does hometown advantage matter? The case of institutional blockholder monitoring on earnings management in Korea. JOURNAL OF INTERNATIONAL BUSINESS STUDIES. 49:196-221.Full Text via DOI: 10.1057/s41267-017-0093-9
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2017THE VALUE IN FUNDAMENTAL ACCOUNTING INFORMATION. JOURNAL OF FINANCIAL RESEARCH. 40:113-140.Full Text via DOI: 10.1111/jfir.12119
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2017Strategic merger decisions across business cycles: Evidence from bidders' time-varying appetite for operating leverage. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE. 47:143-158.Full Text via DOI: 10.1016/j.iref.2016.10.010
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2017Trend analysis of Global Fortune 500 firms: a comparative study of Chinese and Japanese firms. BENCHMARKING-AN INTERNATIONAL JOURNAL. 24:50-61.Full Text via DOI: 10.1108/bij-12-2014-0110
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2016Short-term trading by individual investors in the Korean stock market. JOURNAL OF THE ASIA PACIFIC ECONOMY. 21:599-611.Full Text via DOI: 10.1080/13547860.2016.1187798
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2016The impact of individual investor trading on information asymmetry in the Korean stock market. NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE. 37:472-484.Full Text via DOI: 10.1016/j.najef.2016.05.005
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2016The benefits of improved covariance estimation. JOURNAL OF EMPIRICAL FINANCE. 37:233-246.Full Text via DOI: 10.1016/j.jempfin.2016.04.004
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2016Institutional Investor Trading in a Short Investment Horizon: Evidence from the Korean Stock Market. EMERGING MARKETS FINANCE AND TRADE. 52:1002-1012.Full Text via DOI: 10.1080/1540496X.2015.1025648
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2016Institutional Investor Trading in a Short Investment Horizon: Evidence from the Korean Stock Market. EMERGING MARKETS FINANCE AND TRADE. 52:1002-1012.Full Text via DOI: 10.1080/1540496x.2015.1025648
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2015Institutional Monitoring: Evidence from the F-Score. JOURNAL OF BUSINESS FINANCE & ACCOUNTING. 42:885-914.Full Text via DOI: 10.1111/jbfa.12123
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2014Do institutional investors monitor management? Evidence from the relationship between institutional ownership and capital structure. NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE. 30:203-233.Full Text via DOI: 10.1016/j.najef.2014.10.001
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2014Modeling Conditional Covariances With Economic Information Instruments. JOURNAL OF BUSINESS & ECONOMIC STATISTICS. 32:217-236.Full Text via DOI: 10.1080/07350015.2013.859078
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2009YAP, TAZ, and Yorkie: a conserved family of signal-responsive transcriptional coregulators in animal development and human diseaseThis paper is one of a selection of papers published in this Special Issue, entitled CSBMCB’s 51st Annual Meeting – Epigenetics and Chromatin Dynamics, and has undergone the Journal’s usual peer review process.. BIOCHEMISTRY AND CELL BIOLOGY. 87:77-91.Full Text via DOI: 10.1139/o08-114
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2008Molecular Architecture of Quartet MOZ/MORF Histone Acetyltransferase Complexes. MOLECULAR AND CELLULAR BIOLOGY. 28:6828-6843.Full Text via DOI: 10.1128/mcb.01297-08
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Presentation (Faculty180)
Contact
full name
- Kainan Wang
visualizations
Cumulative publications in Scholars@UToledo
