Kenneth Yung

Ph.D. in Finance, Georgia State University, (1989)

M.B.A. in Finance, State University of New York at Buffalo, (1985)

Other in Economics and Sociology, University of Hong Kong, (1980)

Expertise

Articles

Cai, S. Qiuye. and Yung, K. (2024). Sentiment, Attention, and Earnings Pricing. Journal of Behavioral Finance 25 (2) , pp. 121-133.

Cai, Q. and Yung, K. (2024). Retail attention on earnings announcement days: Evidence from social media. Journal of Behavioral and Experimental Finance 43 , pp. article # 100958.

Yousefi, H., Yung, K. and Najand, M. (2023). From low resource slack to inflexibility: the share price effect of operational efficiency. International Review of Financial Analysis 90 , pp. article no. 102927.

Yung, K., Cai, Q. and Li, D. (2023). Greasing the wheels of irreversible investment: International evidence on the economic effect of corruption. Global Finance Journal 58 , pp. atricle no. 100895.

Askarzadeh, A., Yung, K. and Najand, M. (2023). Managerial sentiment and predicted and opportunistic special items. Journal of Corporate Accounting and Finance 34 (3) , pp. 302-317.

Yung, K. and Long, L. (2022). CEO overconfidence and the adjustment speed of leverage and cash: evidence on cash is not the same as negative debt. Empirical Economics 63 (2) , pp. 1081-1108.

Yousefi, H. and Yung, K. (2022). Financial flexibilityand economic policy uncertainty: evidence from firm behavior and firm value. Journal of Corporate Accounting and Finance 33 (1) , pp. 11-22.

Root, A. and Yung, K. (2022). Resolving Agency and Product Market Views of Cash Holdings. Research in International Business and Finance 59 , pp. number 101518.

Yung, K. and Nguyen, T. (2020). Managerial ability, product market competition, and firm behavior. International Review of Economics and Finance 70 (November) , pp. 102-116.

Zhu, Z., Sun, L. and Yung, K. (2020). Fundamental Strength Strategy: The Role of Investor Sentiment versus Limits to Arbitrage. International Review of Financial Analysis 71 (October).

Zhu, Z., Sun, L., Yung, K. and Chen, M. (2020). Limited Investor Attention, Relative Fundamental Strength, and the Cross-Section of Stock Returns. British Accounting Review 52 (4).

Yung, K. and Root, A. (2019). Policy uncertainty and earnings management: International evidence. Journal of Business Research 100 (July) , pp. 255-267.

Yung, K. and Chen, C. (2018). Managerial Ability and firm risk-taking behavior. Review of Quantitative Finance and Accounting 51 (4) , pp. 1005-1032.

Yung, K., Li, D. Deqing. and Jian, Y. (2017). Managerial Decision Horizon and REITs. Review of Behavioral Finance 9 (1 (April)) , pp. 63-78.

Yung, K. and Jian, Y. (2017). Effects of the shareholder base on firm behavior and firm value in China. International Review of Economics and Finance 49 (May 2017) , pp. 370-385.

Yung, K. and Nafar, N. (2017). Investor attention and the expected returns of reits. International Review of Economics and Finance 48 , pp. 423-439.

Zhu, Z. and Yung, K. (2016). The Interaction of Short-term Reversal and Momentum Strategies. Journal of Portfolio Management 42 (4) , pp. 96-107.

Yung, K., Li, D. and Sun, S. (2015). CEO Overconfidence and Financial Policies of Real Estate Investment Trusts. Journal of Property Research 32 (4) , pp. 384-406.

Yung, K., Li, D. and Yi, J. (2015). The value of financial flexibility in emerging countries. Journal of Multinational Financial Management 32-33 , pp. 25-41.

Yung, K., Sun, Q. and Rahman, H. (2015). Idiosyncratic Risk and Earnings Noncommonalty. International Journal of Business and Finance Research 9 (1) , pp. 1-17.

Sun, Q., Yung, K. and Rahman, H. (2014). Aborted Share Repurchases and Earnings Quality. Managerial Finance 40 (9) , pp. 846-863.

Yung, K. and Nafar, N. (2014). Creditor Rights and Corporate Cash Holdings: International Evidence. International Review of Economics and Finance 33 , pp. 117-127.

Lin, Y. and Yung, K. (2014). Earnings Management and Corporate Spinoffs. Review of Quantitative Finance and Accounting 43 (2) , pp. 275-300.

Yung, K., Rahman, H. and Sun, Q. (2013). Do Neglected Frims Suffer from Information Deficit?. International Journal of Business and Finance Research 7 (1) , pp. 31-44.

Yung, K., Rahman, H. and Sun, Q. (2013). Acquirer's Earnings Quality and the Choice of Payment Method in Mergers and Acquisitions. Managerial Finance 39 (10) , pp. 979-1000.

Nugyen, H., Yung, K. and Sun, Q. (2012). Motives for mergers and acquisitions: ex post market evidence from the US. Journal of Business Finance and Accounting 39 (9-10) , pp. 1353-1375.

Yung, K., Sun, Q. and Rahman, H. (2012). Trading Volume and Overconfidence with Differential Information and Heterogeneous Investors . Journal of Behavioral Studies in Business 2012 (5) , pp. 77-106.

Sun, Q., Yung, K. and Rahman, H. (2012). Earnings Quality and Corporate Cash Holdings. Accounting and Finance 52 (2) , pp. 543-571.

Wang, L. and Yung, K. (2011). Do State Enterprises manage earnings more than privately owned firms? The case of China.. Journal of Business Finance and Accounting 98 (7-8) , pp. 794-812.

Yung, K., Lin and Rahman (2010). Investor Overconfidence in REIT Stock Trading. Journal of Real Estate Portfolio Management 16 (1) , pp. 39-57.

Sun, Yung, K. and Rahman (2010). Investor Recognition and REIT Returns. Journal of Real Estate Portfolio Management 16 (2) , pp. 141-157.

Yung, K. and Liu (2009). Implications of Futures Volume: Speculators versus Hedgers. Journal of Asset Management , pp. 318-337.

Lin, C. Yan., Rahman, H. and Yung, K. (2009). Investor Sentiment and REIT Returns. Journal of Real Estate Finance and Economics 39 , pp. 450-471.

Yung, K. and Sun, Q. (2009). Idiosyncratic Risk and Expected REIT Returns. Journal of Real Estat Portfolio Management , pp. 45-57.

Yung, K. and Lin , C. (2007). Real Estate Mutual Funds: A style Analysis. Review of Financial Services 16 (4) , pp. 138-151.

Yung, K. and Li , D. (2007). REIT Return Volatility: Between the Atlantic and the Pacific. Review of Accounting and Finance 4 , pp. 25-37.

Yung, K. and Lin , C. (2006). Equity Capital Flows and Demand for REITs. Journal of Real Estate Finance and Economics 33 , pp. 275-291.

Yung, K. and Li , D. (2006). Stock return Autocorrelation and Institutional Investors: The Case of ADRs. Review of Accounting and Finance 5 (1) , pp. 54-70.

Yung, K. and Li , D. (2004). Institutional Herding in the ADRs Market. Review of Quantitative Finance and Accounting 23 (1) , pp. 5-17.

Yung, K. and Lin , C. Yan . (2004). Real Estate Mutual Funds: Performance and Persistence. Journal of Real Estate Research 1 , pp. 69-93.

Yung, K. and Li , D. (2004). Short Interests in REITs. International Real Estate Review 7 , pp. 56-70.

Yung, K. (2002). Value of Multinationality, managerial compensation, and managerial discretion. Journal of Business Finance and Accounting , pp. 55-73.

Yung, K. (2001). Foreign Acquisitions and Managerial Discretion. review of Quantitative Finance and Accounting 16 , pp. 53-64.

Ramirez, Alli and Yung, K. (2001). Withdrawn Spinoffs: An Empirical Analysis. Journal of Financial Research 24 , pp. 603-616.

Ramirez and Yung, K. (2000). Firm Reputation and Insider Trading: The Investment Banking Industry. Quarterly Journal of Business and Economics 39 , pp. 49-67.

Yung, K. and Rahman (2000). Is There News in the Club?. Journal of Financial Research 23 , pp. 311-330.

Yung, K. and Rahman (1999). Insurance IPOs: A test of the Underpricing Theories. Journal of Insurance Issuances 22 , pp. 35-48.

Najand, M. S. and Yung, K. (1997). Price Dynamics among Exchange Rates, Stock Index, and Treasury Bonds in Futures Markets. Advances in Investment Analysis and Portfolio Management 4 , pp. 65-76.

Norohna and Yung, K. (1997). Reverse LBO and Underpricing: Information Asymmetry or Price Support?. Journal of Applied Business Research 13 , pp. 67-77.

Thapa, Alli and Yung, K. (1996). Employers' Accounting for Post-Retirement Benefits Other than Pensions and Shareholders Wealth: Evidence from Regulated Industries. Journal of Business and Economic Perspectives 22 , pp. 156-163.

Yung, K. and Rahman (1994). Atlantic and Pacific Capital Markets - Correlation and Volatility Transmission. Global Finance Journal 5 , pp. 103-119.

Najand, M. S. and Yung, K. (1994). Conditional Heteroskedasticity and the Weekend Effect in S&P 500 Index Futures. Journal of Business Finance and Accounting 21 , pp. 603-612.

Lin, Yung, K. and Najand, M. S. (1994). Curreny Futures Hedging: GARCH vs OLS. Journal of Multinational Financial Management 4 , pp. 45-67.

Yung, K., Alli and Thapa (1994). Intra and Inter-Industry Contagion Effects: Oil and Oil-related Industries. Journal of Business Finance and Accounting 21 , pp. 1059-1070.

Yung, K., Alli and Yau (1994). The Underpricing of IPOs of Financial Institutions. Journal of Business Finance and Accounting 21 , pp. 1013-1030.

Doukas, J. and Yung, K. (1993). Benefits of International Diversification: The Case of ADRs. International Review of Economics and Business 40 , pp. 865-880.

Najand, M. S. and Yung, K. (1993). Weekly Pattern in Treasury Bond Futures and Garch Effects. Review of Futures Markets 12.

Najand, M. S., Yung, K. and Rahman (1992). Inter-Currency Transmission of Volatility in Foreign Exchange Futures. Journal of Futures Markets 12 , pp. 609-620.

Doukas, J. and Yung, K. (1992). Investor's Information and IPO Underpricing: The Case of ADRs. Journal of International Securities 6 , pp. 341-348.

Lin and Yung, K. (1992). Pure Interest Arbitrage, Debt Denomination, and Currency Futures. Journal of Multinational Financial Management 2 , pp. 95-112.

Najand, M. S. and Yung, K. (1991). A GARCH Examination of the Relationship between Volume and Price Variability in Futures Markets. Journal of Futures Markets 11 , pp. 613-621.

Yung, K., Gay, G. and Timme, S. (1991). Bank failure and Contagion Effects: Evidence from Hong Kong. Journal of Financial Research 14 , pp. 153-165.

Ramirez, Yung, K. and Alli (1991). Corporate Headquarters Relocation: Evidence from the Capital Markets. Journal of the American Real Estate and Urban Economics Association (AREUEA Journal) 19 , pp. 583-599.

Yau, J., Schneweiss, T. and Yung, K. (1990). The Behavior of Stock Index Futures Prices of Hong Kong. Pacific Basin Capital markets Research Journal 1.

Gay, G. and Yung, K. (1989). Trader Rationality in the Exercise of Futures Options. Journal of Financial Economics 23 , pp. 339-361.

Presentations

Lin, Y. and Yung, K. ( 2015). Motives for Corporate Spinofss: Evidence from Ex-Ante Misvaluation Oral Presentation Eastern Finance Association New Orleans.

Lin, Y. and Yung, K. ( 2014). Motives of corporate spinoffs Paper 2014 Southwest Finance Association Conference Dallas.

Yung, K., Sun, Q. and Rahman, H. ( 2012). Trading volume and overconfidence with differential information, and heterogenous investors Paper 2012 Academic and Research Institute Annual Conference Orlando.

Yung, K., Sun, Q. and Rahman, h. ( 2011). Acquirer's earnings quality and the choice of payment method in mergers and acquisitions Paper 2011 Financial Management Association Conference Denver.

Lin, Y. and Yung, K. ( 2011). Earnings management and corporate spinoffs Paper 2011 Financial Management Association Conference Denver.

Lin, Y. and Yung, K. ( 2011). earnings management and corporate spinoffs Paper 2011 Pacific Basin Finance Annual Conference Taipei, Taiwan.

Yung, K. and Lin, Y. ( 2011). Earnings Management and Corporate Spinoffs 2011 Southern Finance Association Conference Key West, Florida.

Yung, K., Lin, Y. and Rahmid, H. ( 2010). Overconfidence in REIT Stock Trading 2010 Eastern Finance Association Meetings Miami, Florida.

Yung, K., Lin, Y. and Rahman, H. ( 2010). Is Overconfidence also an Industry Phenomenon: The case of REITs 2010 MidWest Finance Association Meeting Las Vegas, Nevada.

Yung, K. and Sun, Q. ( 2009). Earnings Quality and Corporate Cash Holdings Eastern Finance Association Annual Conference Wshington DC.

Yung, K. and Wang, L. ( 2009). Earnings Management among chinese State-owned Enterprises Southern Finance Association Conference Captiva, Florida.

Lin, Y. and Yung, K. ( 2008). Investment Sentiment and REIT Returns Paper 2008 Asian Real Estate Society conference Shanghai, China.

Sun, Q. and Yung, K. ( 2008). Earnings Quality and Corporate Cash Holdings Paper 2008 Financial management Association conference Houston.

Lin, Y. and Yung, K. ( 2008). Misvaluation of Corporate Spinoffs Paper 2008 Financial Management Association conference Houston.

Nguyen, H. and Yung, K. ( 2007). Ex post Valuation and Motives of Merger Decisions Paper 2007 Eastern Finance Association conference New Orleans.

Yung, K. and Nguyen, H. ( 2007). Valuation Correction Following Acquisition Announcements and Motives of Merger Decisions the Academy of Economics and Finance Association Conference Jacksonville.

Yung, K. and Li, D. ( 2006). 44.REIT Returns: Between the Pacific and the Atlantic 33rd annual conference of the Academy of Economics and Finance Houston.

Najand, M. S., Yung, K. and Fan, Y. ( 2006). Valuation Uncertainty, Overreaction, and IPO Undrerpricing, Financial Management Association Annual Meeting .

Yung, K. and Lin, C. ( 2006). Real Estate Mutual Funds: Style and Performance the Eastern Finance Association Annual Conference Philadelphia.

Yung, K. and Li, D. ( 2005). International Transmission of REIT Volatility the Eastern Financial Association Conference Norfolk.

Yung, K. and Lin, C. ( 2005). Investment Sentiment and REIT Returns the Eastern Financial Association Conference Norfolk.

Yung, K. and Li, D. ( 2004). Institutional Herding in the ADRs Market the Eastern Finance Association Conference Mystic, Connecticut.

Yung, K. and Li, D. ( 2004). Short Interests in REITs the Financial Management Association Conference New Orleans.

Yung, K. and Li, D. ( 2003). 39.Institutional Investors and Return Autocorrelation in the ADRs Market Eastern Finance Association Conference Orlando.

Yung, K. and Rahman, H. ( 2000). Risk-taking of real estate investment trusts Paper 2000 Global Finance Conference Chicago.

Alli, K., Ramirez, G. and Yung, K. ( 1999). Withdrawn spinoffs, managerial discretion, and investor skepticism Paper 1999 Eastern Finance Association Conference Miami.

Ahmed, M., Rahim, N. and Yung, K. ( 1999). Market reactions to announcements of seasoned equity offerings Paper 1999 Financial Management Association Conference Orlando.

Yung, K. ( 1999). Foreign acquisitions and managerial discretion Paper 1999 Pacific / Financial Management Assoication Conference Singapore.

Alli, K., Thapa, S. and Yung, K. ( 1998). Market value accounting, financial institutions, and asset prices Paper 1998 Decision Sciences Conference Las Vegas.

Yung, K. and Rahman, H. ( 1998). Is there news in the club? Paper 1998 Financial Management Association Conference Chicago.

Rahman, H. and Yung, K. ( 1997). Inusrance IPOs 1997 Financial Services Academy Conference Hawai.

Alli, K., Thapa, S. and Yung, K. ( 1996). Contagion effects in the oil and gas industry 1996 Decision Sciences Conference Orlando.

Alli, K., Ramirez, G. and Yung, K. ( 1996). Withdrawn Spinoffs Paper 1996 Financial Management Association conference New Orleans.

Hudgins, S., Najand, M. S. and Yung, K. ( 1995). Interest rate changes and bank stock returns 1995 Eastern Finance Association Conference Hilton Head.

Noronha, G. and Yung, K. ( 1994). Reverse LBOs: underpricing or underwriter price support? 1994 Financial Management Association conference Saint Louis.

Noronha, G. and Yung, K. ( 1993). Asymmetric Information or Underwriter's Price Support: The Case of Reverse LBOs Paper 1993 Eastern Finance Association conference Richmond.

Rahman, H. and Yung, K. ( 1993). Atlantic and Pacific Capital Markets, correlation and volatility transmission 1993 Eastern Finance association conference Richmond, VA.

Noronha, G. and Yung, K. ( 1993). Reverse LBOs versus IPOs Paper 1993 Financial Management Association conference Toronto.

Alli, K., Thapa, S. and Yung, K. ( 1992). Employers' Accounting for Postretirement Benefits Other Than Pensions (FAS 106) and Shareholders' Wealth: Evidence from Capital Markets Paper 1992 Academy of Financial Services conference San Francisco.

Najand, M. S. and Yung, K. ( 1992). The Weekly Pattern in Treasury Bond Futures and GARCH Effects Paper 1992 Chicago Board of Trade Seminar Chicago.

Lin, J. and Yung, K. ( 1992). Cross-Hedging: The Case of Major and Non-Major Currencies Paper 1992 Financial Management Association conference San Francisco.

Alli, k., Thapa, S. and Yung, K. ( 1992). Employers' Accounting for Postretirement Benefits Other Than Pensions (FAS 106) and Shareholders' Wealth: Evidence from Capital Markets Paper 1992 Financial Management Association conference San Francisco.

Alli, K., Ramirez, g. and Yung, K. ( 1992). Insider Trading and Initial Public Offerings of Equity Paper 1992 Financial Management Association conference San Fracisco.

Najand, M. S. and Yung, K. ( 1992). Stock Price Dynamics in the Stock and Bond Futures Markets Paper 1992 Financial Management Association conference San Francisco.

Rahman, H. and Yung, K. ( 1992). Time Varying Risk and return in the Life Insurance Industry Paper 1992 Financial management Association conference San Francisco.

Hudgins, S., Najand, M. S. and Yung, K. ( 1992). Interest Rate Changes and Bank Stock Returns Volatility: Effect of Large Banks on Small Banks Paper 1992 Souther Finance Association Conference Jacksonville.

Alli, K., Thapa, S. and Yung, K. ( 1992). An Investigation of the Impact of FAS 106 on the Stock Prices of Regulated Firms Paper 1992 Southern Finance Assoication conference jacksonville.

Najand, M. S. and Yung, K. ( 1991). Day-of-the-Week and Treasury Bond Futures Paper 1991 Eastern Finance Association Conference Homestead, VA.

Alli, K., Ramirez, g. and Yung, K. ( 1991). Corporate Headquarters Relocation: Evidence from the Capital Markets Paper 1991 Financial Management Association conference Chicago.

Najand, M. S., Rahman, H. and Yung, K. ( 1991). Inter-Currency Transmission of Volatilty in Foreign Exchange Futures Paper 1991 Financial Management Association conference Chicago.

Doukas, J. and Yung, K. ( 1991). International Portfolio Diversification and Capital Markets Integration-Segmentation: Evidence from ADRs Paper 1991 Financial Management Association conference Chicago.

Alli, K., Thapa, S. and Yung, K. ( 1991). Intra and Inter Industry Contagion Effects: Oil and Oil Related Industries Paper 1991 Financial Management Association conference Chicago.

Alli, K., Yung, K. and Yau, J. ( 1991). The Underpricing of IPO's of Financial Institutions Paper 1991 Financial management Association Conference Chicago.

Alli, K., Ramirez, G. and Yung, K. ( 1990). Corporate Headquarters Relocations and Shareholders Wealth Paper 1990 Eastern Finance Association conference Charleston.

Alli, K., Yau, J. and Yung, K. ( 1990). The Underpricing of Initial Public Offerings: The Case of Financial Institutions Paper 1990 Eastern Finance Association conference Charleston.

Kale, J., Noe, T. and Yung, K. ( 1989). Announcement Effects and Flotation Costs in a Sequential Signalling Game Equilibrium: Theory and Evidence Paper 1989 Eastern Finance Association conference Philadelphia.

Yau, J. and Yung, K. ( 1989). The Behavior of Stock Index Futures Prices and Arbitrage Opportunities in Asia Paper 1989 Eastern Finance Association conference Philadelphia.

Sayanavana, U., Yau, J. and Yung, K. ( 1989). Uniqueness of Bank Loans: A Cross Sectional Examination Paper 1989 Financial Management Association conference Boston.

Kale, J., Noe, T. and Yung, K. ( 1988). Announcement Effects and Flotation Costs in a Sequential Signalling Game Equilibrium: Theory and Evidence Paper 1988 Financial management association conference New Orleans.

Gay, G. and Yung, K. ( 1988). Bank Failures and Deposit Insurance: A Test of the Contagion Effect Hypothesis Paper 1988 Financial Management Association Conference New Orleans.

Kolb, R., Gay, G. and Yung, K. ( 1988). The Rationality of Futures Option Exercises Paper 1988 Western Finance Association conference Napa Valley.

• 2022: EV Williams Fellowship 2022-2024, Old Dominion University Strome Collge of Business
• 2015: SCB Doctoral Mentorship Award,
• 1995: Outstanding Faculty Research Award, College of Business Administration