WEI XIONG
Professor of Economics
Department of Economics and Bendheim Center for Finance
Princeton University
Telephone: (609) 258-0282
Fax: (609) 258-0771
Email: wxiong@princeton.edu
· Convergence Trading with Wealth Effects: An Amplification Mechanism in Financial Markets, Journal of Financial Economics 62, 2001, 247-292.
· Contagion as a Wealth Effect, with Albert Kyle, Journal of Finance 56, 2001, 1401-1440.
· Overconfidence and Speculative Bubbles, with Jose Scheinkman, Journal of Political Economy 111, 2003, 1183-1219.
· Heterogeneous Beliefs, Speculation and Trading in Financial Markets, with Jose Scheinkman, Paris-Princeton Lectures on Mathematical Finance 2003, 217-250, Springer-Verlag, Berlin.
· Pay for Short-Term Performance: Executive Compensation in Speculative Market, with Patrick Bolton and Jose Scheinkman, Journal of Corporation Law 30, 2005, 721-747.
· Executive Compensation and Short-termist Behavior in Speculative Markets, with Patrick Bolton and Jose Scheinkman, Review of Economic Studies 73, 2006, 577-610.
· Asset Float and Speculative Bubbles, with Harrison Hong and Jose Scheinkman, Journal of Finance 61, 2006, 1073-1117.
· Investor Attention, Overconfidence and Category Learning, with Lin Peng, Journal of Financial Economics 80, 2006, 563-602.
· Prospect Theory and Liquidation Decisions, with Albert Kyle and Hui Ou-Yang, Journal of Economic Theory 129, 2006, 273-288.
· A General Framework for Evaluating Executive Stock Options, with Ronnie Sircar, Journal of Economic Dynamics and Control 31, 2007, 2317-2349.
· Investor Attention and Time-Varying Comovements, with Tim Bollerslev and Lin Peng, European Financial Management 13, 2007, 394-422.
· Advisors and Asset Prices: A Model of the Origins of Bubbles, with Harrison Hong and Jose Scheinkman, Journal of Financial Economics 89, 2008, 268-287.
· What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation, with Nicholas Barberis, Journal of Finance 64, 2009, 751-784.
· Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia, with Jianping Mei and Jose Scheinkman, Annals of Economics and Finance 10, 2009, 225-255.
· Heterogeneous Expectations and Bond Markets, with Hongjun Yan, Review of Financial Studies, forthcoming.
Selected Working Papers:
· A Tale of Two Anomalies: The Implication of Investor Attention for Price and Earnings Momentum, with Kewei Hou and Lin Peng.
· R-squared and Price Inefficiency, with Kewei Hou and Lin Peng.
· Realization Utility, with Nicholas Barberis.
· Multi-market Delegated Asset Management, with Zhiguo He.
· The Chinese Warrants Bubble, with Jialin Yu.
· Dynamic Debt Runs, with Zhiguo He.
· Index Investing and the Financialization of Commodities, with Ke Tang
· Rollover Risk and Credit Risk, with Zhiguo He.