6686体育

Junqing KANG is an Associate Professor of Finance at Lingnan College, Sun Yat-Sen University, Guangzhou, Chi🥂na. His research interests mainly lie in capital markets with information frictions, including (i) Digital finance, (ii) Chinese financial market, and (iii) High-🌞frequency trading and learning. Junqing holds a PhD in Finance from University of Technology Sydney (2020), MA in Economics (2016) and BSc in Finance (2014) from Lingnan College, Sun Yat-sen University.

 

HOME PAGE： |  |  

 

ACADEMIC APPOINTMENTS

2023.11-Present   Associate Professor of Finance, Lingnan College, Sun Yat-sen University

2020.11-2023.10    Assistant Professor of Finance, Lingnan College, Sun Yat-sen University  

RESEARCH STATEMENT

My research focuses on how investors, institutions, and firms get their information, how that information affects the trades or investments they make, and how those decisions affect asset prices, , and the quality of the financial market. The rational expectation equilibrium framework, , can help explain the , , , which further provide a research framework on the effect of , copy trading, and . Furthermore, I am interested in how investors' irrational behavior, such as , impacts rational expectation equilibrium. I also study the economics🍷 of capital markets and investment management in Chinese market, including , , and can institutional investors always beat individual in🌠vestors?, etc.

 

PUBLICATIONS IN ENGLISH

[1] Zhou, X. and Kang, J., 2023. Searching for ESG Information: Heterogeneous Preference and Information Acquisition. Journal of Economic Dynamics and Control, p.104693.[] []

[2] Kang, J., Lin, S. and Xiong, X., 2022. What Drives Intraday Reversal? Illiquidity or Liquidity Oversupply?. Journal of Economic Dynamics and Control, p.104313.  

 

WORKING PAPERS

[3] Speed Competition and Strategic Trading. (with Xue-Zhong (Tony) He) [4] The Microstructure of Endogenous Liquidity Provision. (with F. Douglas Foster, Xue-Zhong (Tony) He and Shen Lin)  [5] The Fast and the Furious: Exchange Latency and Ever-fast Trading. (with Xue-Zhong (Tony)He and Xuan Zhou)  

[6] Quantitative Investing and Price Informativeness. (with Xue-Zhong (Tony) He and Xuan Zhou)  [Slides] 

[7] Stay Ahead: Active Data Management and Market Power. (with Xue-Zhong (Tony) He, Shiting Ren and Xuan Zhou)  [8] Betting Against Dumb Money. (with Shen Lin and Xiong Xiong) []  [9] Conscious Trading of Unconsciousness. (with Xue-Zhong (Tony) He and Shen Lin) [] NEW [10] Can Institutional Investors Always Beat Individual Investors? (with Yaqing Yang and Youcheng Lou) NEW  

OTHER PUBLICATIONS

[11] Wang, Y., Ren, S., Zhou, X. and Kang, J., 2024. Welfare Analysis with Uncertain Market Segment Proportions. Journal of Management Science and Engineering, Accepted.

[12] Kang, J., 2022. Comments on: Government Intervention through Informed Trading in Financial Markets. Journal of Economic Dynamics and Control SI on “Markets and Economies with Information Frictions”, p.104380. []

 

PUBLICATIONS IN CHINESE

[13] Agent-based Computational Financial Engineering: A Tool of Financial Decision-making Driven by ‘Big Data’. Management World, 39.5 (2023): 173-187. (管理世界)

[14] Optimal coupon cooperation policy of e-commerce platforms and e-tailers and its benefit. Systems Engineering – Theory & Practice, 43.1 (2023): 110-134. (系统工程理论与实践)

[15] Does issuing consumption vouchers effectively stimulate residents’ consumption?—Theoretical analysis on the micro-mechanism of the precise subsidy and self-screening characteristics of the consumption voucher policy. China Journal of Econometrics, 2.3 (2022): 548-577. (计量经济学报)

[16] E-commerce platform response to major public emergencies--Optimal strategies and benefits of e-commerce platform subsidies. Systems Engineering – Theory & Practice, 42.2 (2022): 345-367. (系统工程理论与实践)

[17] Anti-takeover intensity and corporate control defence. Systems Engineering – Theory & Practice, 40.1 (2020): 28-41. (系统工程理论与实践)

[18] Mechanism of Anti-takeover provisions on shareholders’ wealth: A theoretical model from the perspective of controlling shareholder’s tunneling. Journal of Management Sciences in China,21.2 (2018): 37-47. (管理科学学报)

[19] Dynamic sentiment asset pricing with heterogeneous investors. Journal of Management Sciences in China, 19.6 (2016): 87-97. (管理科学学报)

  Last updated：2024-8