People and Research People

People Details

Prof. WANG Junbo

王軍波教授

Professor

Address
9-230, Lau Ming Wai Academic Building, City University of Hong Kong
Phone
+852 34429492
Fax
+852 34420284

Research Areas

Fixed-Income Securities
Investments
International Finance
Market Microstructure

Qualifications

PhD - Finance (Syracuse University)
PhD - Management (China Academy Sinica)
Master - Mathematics (Shandong University)
Bachelor - Mathematics (Shandong University)

Biography

Dr. Junbo Wang received his B.A. and M.A. in Math from Shandong University of China, Ph.D. in Management from China Academia Sinica, and Ph.D. in Finance from Syracuse University, USA. Before joining the City University of Hong Kong in 2005, he has taught at Syracuse University. His main research interests include fixed income securities, asset pricing, corporate finance, and market microstructure.

Awards

Award TitleInstitution
Runner-up Paper Award2019 New Zealand Finance Meeting
Outstanding Supervisor Award 2019City University of Hong Kong
College Excellent PhD Supervisor Award 2019City University of Hong Kong
Outstanding Supervisor Award 2018City University of Hong Kong
Outstanding Articles published in 2017Journal of Financial Research
College Research Excellent Award 2012City University of Hong Kong
College Research Excellence Award 2007City University of Hong Kong
keep reading

Publications

Journal Publications and Reviews

Cheng, Xu; Kong, Dongmin; Wang, Junbo / Political uncertainty and A-H share premium. July 2020; In: Pacific-Basin Finance Journal.

Zhang, Weiguo; Wang, Chao; Zhang, Yue; Wang, Junbo / Credit risk evaluation model with textual features from loan descriptions for P2P lending. July 2020; In: Electronic Commerce Research and Applications. Vol. 42

Gao, Haoyu; Wang, Junbo; Wang, Yanchu; Wu, Chunchi; Dong, Xi / Media Coverage and the Cost of Debt. March 2020; In: Journal of Financial and Quantitative Analysis. Vol. 55, No. 2, pp. 429-471

Lin, Hai; Tao, Xinyuan; Wang, Junbo; Wu, Chunchi / Credit Spreads, Business Conditions, and Expected Corporate Bond Returns. February 2020; In: JOURNAL OF RISK AND FINANCIAL MANAGEMENT. Vol. 13, No. 2

Lin, Hai; Man, Kasing; Wang, Junbo; Wu, Chunchi / Price discovery and persistent arbitrage violations in credit markets. 2020; In: Financial Management. Vol. 49, No. 1, pp. 207-233

Chen, Peter Huaiyu; Man, Kasing; WANG, Junbo; Wu, Chunchi / The role of duration and trades in the information assimilation process of the US Treasury market. August 2019; In: Advances in Pacific Basin Business, Economics and Finance. Vol. 7, pp. 155-200

Chung, Kee H.; Wang, Junbo; Wu, Chunchi / Volatility and the cross-section of corporate bond returns. August 2019; In: Journal of Financial Economics. Vol. 133, No. 2, pp. 397-417

Wang, Chao; Zhang, Weiguo; Zhao, Xuejin; Wang, Junbo / Soft information in online peer-to-peer lending: Evidence from a leading platform in China. July 2019; In: Electronic Commerce Research and Applications. Vol. 36

Gao, Haoyu; Wang, Junbo; Yang, Xiaoguang; Zhao, Lin / Borrower Opacity and Loan Performance: Evidence from China. March 2019; In: Journal of Financial Services Research.

Zhong, Xiaoling; Wang, Junbo / Prospect theory and corporate bond returns: An empirical study. June 2018; In: Journal of Empirical Finance. Vol. 47, pp. 25-48

Shi, Jian; Wang, Junbo; Zhang, Ting / ARE SHORT SELLERS INFORMED? EVIDENCE FROM CREDIT RATING AGENCY ANNOUNCEMENTS. June 2017; In: Journal of Financial Research. Vol. 40, No. 2, pp. 179-221

万谍; 王军波; 杨晓光 / 中国股市暴涨暴跌前有迹象吗?. October 2016; In: 系统工程学报. Vol. 31, No. 5, pp. 643-656

Liu, Yong-Jun; Zhang, Wei-Guo; Wang, Jun-Bo / Multi-period cardinality constrained portfolio selection models with interval coefficients. September 2016; In: Annals of Operations Research. Vol. 244, No. 2, pp. 545-569

Wan, Die; Liu, W.; WANG, Junbo; Yang, Xiaoguang / Asymmetries of Positive Feedback Trading in Individual Stocks: Evidence from China. September 2016; In: Journal of Management Science and Engineering. Vol. 1, No. 1, pp. 3-27

He, Yan; WANG, Junbo; Wu, Chunchi / Superior vs. Inferior Voting Shares: Price Premium or Discount?. June 2016; In: Journal of Modern Accounting and Auditing. Vol. 12, No. 6

Wang, Junbo; Wu, Chunchi / Liquidity, credit quality, and the relation between volatility and trading activity: Evidence from the corporate bond market. January 2015; In: Journal of Banking and Finance. Vol. 50, pp. 183-203

Lin, Hai; Wang, Junbo; Wu, Chunchi / Predictions of corporate bond excess returns. November 2014; In: Journal of Financial Markets. Vol. 21, pp. 123-152

He, Yan; Wang, Junbo; John Wei, K. C. / A comprehensive study of liquidity before and after SEOs and SEO underpricing. September 2014; In: Journal of Financial Markets. Vol. 20, No. 1, pp. 61-78

He, Yan; Wang, Junbo; Wu, Chunchi / Domestic versus foreign equity shares: Which are more costly to trade in the Chinese market?. June 2013; In: International Review of Economics and Finance. Vol. 27, pp. 465-481

Lin, Hai; Wang, Junbo; Wu, Chunchi / Liquidity risk and momentum spillover from stocks to bonds. June 2013; In: Journal of Fixed Income. Vol. 23, No. 1, pp. 5-42

Man, Kasing; Wang, Junbo; Wu, Chunchi / Price discovery in the U.S. Treasury market: Automation vs. intermediation. March 2013; In: Management Science. Vol. 59, No. 3, pp. 695-714

Ma, Chaoqun; Liu, Lan; Wang, Junbo; Chen, Jing / Risk of inefficiency on the Chinese index futures market. October 2012; In: Kybernetes. Vol. 41, No. 10, pp. 1571-1585

Wang, Junbo; Wu, Chunchi; Yu, Eden S. H. / Order imbalance, liquidity, and returns of the U.S. Treasury market. June 2012; In: Review of Pacific Basin Financial Markets and Policies. Vol. 15, No. 2

WANG, Junbo; Wu, Chunchi; YU, Siu Hung Eden / Order Imbalance, Liquidity and Returns of the U.S. Treasury Bond Market. 2012; In: Review of Pacific Basin Financial Markets and Policies. Vol. 15, pp. 1250010-1 - 1250010-39

WANG, Junbo; He, Yan / Stock Split Decisions: A synthesis of Theory and Evidence. 2012; In: Journal of Applied Finance. Vol. 2, pp. 124 - 142

Chen, Peter; Wang, Junbo; Wu, Chunchi / The informativeness of corporate bond trades. September 2011; In: Review of Pacific Basin Financial Markets and Policies. Vol. 14, No. 3, pp. 367-428

Pu, Xiaoling; Wang, Junbo; Wu, Chuncchi / Are liquidity and counterparty risk priced in the credit default swap market?. March 2011; In: Journal of Fixed Income. Vol. 20, No. 4, pp. 59-79

Lin, Hai; Wang, Junbo; Wu, Chunchi / Liquidity risk and expected corporate bond returns. March 2011; In: Journal of Financial Economics. Vol. 99, No. 3, pp. 628-650

He, Yan; Wang, Junbo; Wei, K.C. John / Do bond rating changes affect the information asymmetry of stock trading?. January 2011; In: Journal of Empirical Finance. Vol. 18, No. 1, pp. 103-116

He, Yan; Lin, Hai; Wang, Junbo; Wu, Chunchi / Price discovery in the round-the-clock U.S. Treasury market. July 2009; In: Journal of Financial Intermediation. Vol. 18, No. 3, pp. 464-490

Li, Haitao; Wang, Junbo; Wu, Chunchi; He, Yan / Are liquidity and information risks priced in the treasury bond market?. February 2009; In: Journal of Finance. Vol. 64, No. 1, pp. 467-503

Liu, Sheen; Shi, Jian; Wang, Junbo; Wu, Chunchi / The determinants of corporate bond yields. February 2009; In: Quarterly Review of Economics and Finance. Vol. 49, No. 1, pp. 85-109

Wang, Junbo; Wu, Chunchi; Zhang, Frank X. / Liquidity, default, taxes, and yields on municipal bonds. June 2008; In: Journal of Banking and Finance. Vol. 32, No. 6, pp. 1133-1149

Liu, Sheen; Shi, Jian; Wang, Junbo; Wu, Chunchi / How much of the corporate bond spread is due to personal taxes?. September 2007; In: Journal of Financial Economics. Vol. 85, No. 3, pp. 599-636

Wang, Junbo; Wei, K.C. John; Pruitt, Stephen W. / An analysis of the share price and accounting performance of rights offerings in China. January 2006; In: Pacific Basin Finance Journal. Vol. 14, No. 1, pp. 49-72

Chan, Kalok; Wang, Junbo; Wei, K.C. John / Underpricing and long-term performance of IPOs in China. June 2004; In: Journal of Corporate Finance. Vol. 10, No. 3, pp. 409-430

Conference Papers

Liu, Qiliang; Tian, Li; Wang, Junbo / Time Distance and Mutual Fund Holding Horizon: Evidence from A Quasi-natural Experiment Setting of High-speed Railway Opening. December 2019; The Cross-straits New Era Accounting and Auditing Academic Forum and the 3rd Annual Conference of Accounting Academic Alliance, 06/12/2019 - 08/12/2019, Guangzhou, China.

Chapters, Conference Papers, Creative and Literary Works

Li, Hucheng; Wang, Junbo; Yang, Xiaoguang / Do the infrastructures influence residents' credit activities? Evidence from China in county level. July 2019; 2019 Chinese Control Conference (CCC). pp. 8932-8937

keep reading