Publications in Referred Academic Journals

"Valuation of Housing Index Derivatives", 2010, Journal of Futures Markets, Vol. 30, No.7, 660 - 688 with Jason Wei, University of Toronto.

"Option Market Liquidity: Commonality and Other Characteristics", 2010, Journal of Financial Markets, Vol. 13, No.1, 20 - 48 with Jason Wei, University of Toronto.

"Incentive Stocks and Options with Trading Restrictions: Not as Restricted as We Thought", 2008, Research in Finance, Vol. 24, 213-248, with Jason Wei, University of Toronto.

"Signaling in the Internet Craze of Initial Public Offerings", 2006, Journal of Corporate Finance, 12, 818-833, with Shouyong Shi, University of Toronto.

"Effects of Return Predictability on Option Prices with Stochastic Volatility for the Market Portfolio", 2005, Research in Financial Economics, Vol. 1, No. 1, 104-150.

"An Expanded Study on Stock Market Temperature Anomaly", 2005, Research in Finance, Vol. 22, 73-112, with Jason Wei, University of Toronto.

"Stock Market Returns: a Note on Temperature Anomaly", 2005, Journal of Banking and Finance, Vol. 29, 1559-1573, with Jason Wei, University of Toronto.

"Precipitation Modeling and Contract Valuation: a Frontier in Weather Derivatives", September 2004, Journal of Alternative Investment, Vol. 7, Issue 2, 93-99, with Anlong Li and Jason Wei, University of Toronto.

"Weather Derivatives Valuation and Market Price of Weather Risk", Nov. 2004, Journal of Futures Markets, Vol. 24, Issue 11, 1065-1089, with Jason Wei, University of Toronto.

"Systematic Jump Risks in a Small Open Economy: Simultaneous Equilibrium Valuation of Options on the Market Portfolio and the Exchange Rate", 2001, Journal of International Money and Finance, Vol. 20, No. 2, 191-218.

"Risky Corporate Bond, Credit Spread and Vulnerable Options", 2001, Journal of Futures Markets, Vol. 21, No. 4, 301-327, with Jason Wei, University of Toronto.

"Screening, Bidding and the Loan Market Tightness", 2001, European Finance Review (currently Review of Finance), Vol. 5, 21-61, with Shouyong Shi, University of Toronto.

"Coordination, Matching and Wages", 2000, Canadian Journal of Economics, 1009-1033, with Shouyong Shi, University of Toronto.

Chapter in Books

"Pricing the Weather", 2003, Exotic Options, the Cutting-edge Collection, edited by Alexander Liption, Risk Books, with Jason Wei, University of Toronto.

Publications in Referred Practical Journals and Proceedings

"Watching the Weather Report", 2004, Canadian Investment Review, Vol. 17, No. 2, 27-33, with Anlong Li and Jason Wei, University of Toronto.

"Uncover Sector Momentums", 2002, Canadian Investment Review, Vol. 15, No. 4, 14-22, with Jason Wei, University of Toronto.

"Pricing Weather Derivatives: an Intuitive and Practical Approach", May 2000, Risk, 67-70, with Jason Wei, University of Toronto.

"Whether to Hedge", August 1999, Risk, 9-12, with Arditti, Cai, McDonald.

"General Equilibrium and Valuation of Options with Stochastic Volatility", 1996, Proceedings of Administrative Sciences Association of Canada, 21-30, awarded the Best Paper on Derivative Securities in the Finance Division at the Association's Conference.


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