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《Journal of Hunan University of Arts and Science(Social Science Edition)》 2009-05
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New Development of the Asset Pricing Research Basing on Investor's Diverging Opinions

LI Feng-yu (Research Academy of Economic & Social Development,Dongbei University of Finance and Economics,Dalian 116025,China)  
The research in asset pricing basing on investor's diverging opinions has made a great progress in recent years.The theoretical and empirical research in this area enriches and promotes greatly the theory of traditional financial economics.However,the empirical research is not consistent in the selection and construction of proxies of opinion divergence,short sale constraints and stock returns,which produces inconsistent research results.The empirical research of China's stock market in which short-selling is strictly prohibited can smooth the dispute in selection of proxy of short sale constraints and extend the scope of research in this field.
【CateGory Index】: F224;F830.91
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【Citations】
Chinese Journal Full-text Database 2 Hits
1 CHEN GUO-jin,ZHANG Yi-jun,WANG Jing(Xiamen University,Xiamen 361005);Heterogeneous Beliefs and Earning Momentum:Evidence from China's Stock Market[J];Contemporary Finance & Economics;2008-07
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【Co-citations】
Chinese Journal Full-text Database 9 Hits
1 ZHOU Hui,ZOU Jian-guo,GE Qi(College of Business Management,Hunan University,Changsha 410079,China);An Empirical Analysis of Investors' Opinion Divergence to Post-Earnings Announcement Drift[J];The Theory and Practice of Finance and Economics;2008-05
2 CHEN GUO-jin,ZHANG Yi-jun,WANG Jing(Xiamen University,Xiamen 361005);Heterogeneous Beliefs and Earning Momentum:Evidence from China's Stock Market[J];Contemporary Finance & Economics;2008-07
3 YUAN Huaiyu ZHANG Zongcheng (Huazhong University of Science and Technology,Wuhan,China);The Influence of Short-sales Constraints on Stock Return Asymmetry[J];Chinese Journal of Management;2009-08
4 WANG Yixia ZHANG Hui(Huazhong University of Science and Technology,Wuhan,China);Short Sales Constraints,Divergence of Opinion and IPO Overvaluation[J];Chinese Journal of Management;2009-09
5 XU Yan XIE Chi (Hunan University,Changsha,China);Investors' Heterogeneous Beliefs and Asset Pricing[J];Chinese Journal of Management;2009-10
6 ZHAO Xiang-qin,XIE Lei-ke,XIN Yuan(Xiamen University,Xiamen 361005;Shanghai Jiao Tong University,Shanghai 200052,China);An Analysis of Impact on Markets by the Ban-lifting in China’s Stock Market and Its Affecting Factors:from the Three Dimensions of Lifting Features, Corporate Features and Stock Cycle[J];Contemporary Finance & Economics;2009-11
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8 CHEN Guojin Zhang Yijun;Short Sale Restriction,Heterogeneous Beliefs and Stock Price Crash in China[J];Journal of Financial Research;2009-04
9 Han Dezong1,Chen Liang1,George Gao2(1.School of Finance,Zhejiang Gongshang University,Hangzhou 310018,China;2.Booth School of Business,University of Chicago,America IL 60637,China);Study on Pre-Earning Announcement Drift of Stock Market in China[J];Economy and Management;2009-11
China Proceedings of conference Full-text Database 2 Hits
1 ZHANG Zongcheng YUAN Huaiyu (Huazhong University of Science and Technology, Wuhan, China);Constraints on Short-selling and Stock Return Asymmetry[A];[C];2008
2 LI Tan QI Zhong-ying (School of Management,Harbin Institute of Technology,Harbin 150001,China);Bounded Rationality,Heterogeneous Beliefs and Commodity Futures Price Volatility[A];[C];2007
【Secondary Citations】
Chinese Journal Full-text Database 6 Hits
1 Yu Lisheng and Wang Yanyan;The Relationship between Uncertainty about Information and Post Earnings Announcement Drift-Evidence from the Experiences of China's Listed Companies[J];Management World;2006-03
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3 BAI Zhong_guang1,2 , ZHANG Wei1,31.School of Management, Tianjin University, Tianjin 300072, China;2.Shijiazhuang University of Economics, Shijiazhuang 050031,China;3.Tianjin University of Finance and Economics, Tianjin 300222, China;Empirical study of excess returns in Chinese initial public offerings: Stochastic frontier model[J];Journal of Management Sciences in China;2003-01
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