Mike Qinghao Mao
Deakin University
14 Papers
33 Citations
Mike Qinghao Mao is an academic researcher from Deakin University. The author has contributed to research in topics: Cash flow & Capital structure. The author has an hindex of 7, co-authored 13 publications. Previous affiliations of Mike Qinghao Mao include Erasmus University Rotterdam.
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Papers
Securitization and Capital Structure in Nonfinancial Firms: An Empirical Investigation
TL;DR: In this article, the authors show that asset securitization by non-financial firms provides a valuable form of financing for shareholders without harming debtholders, and that firms in the middle of the credit quality distribution are the firms with the most to gain.
72
Analysts' Cash Flow Forecasts, Audit Effort, and Audit Opinions on Internal Control
Mike Qinghao Mao,Yangxin Yu +1 more
TL;DR: The authors examined the economic impact of analysts' cash flow forecasts by looking at how external auditors respond to financial analysts' issuance of cash flow forecast, and they found that financial analysts initiation of the forecast leads to reduced auditor fees and audit report lags, and after the forecast initiation, firms report fewer Section 404(b) internal control weakness disclosures.
37
Price and earnings momentum: An explanation using return decomposition
Mike Qinghao Mao,K.C. John Wei +1 more
TL;DR: In this article, price and earnings momentum by investigating dynamics of cash flow (CF) news and discount rate (DR) news was investigated, and it was shown that before the holding period, winners experience higher DR news than losers, which makes winners display lower ex-ante expected returns than losers.
23
Cash Flow News and the Investment Effect in the Cross-Section of Stock Returns
Mike Qinghao Mao,Kuo-Chiang Wei +1 more
TL;DR: This study provides novel evidence that cash-flow news quantitatively explains the investment effect in the cross section of stock returns and is consistent with the expectational errors hypothesis and fails to support the risk-based explanation for the Investment effect.
19
Securitization and Capital Structure in Nonfinancial Firms: An Empirical Investigation
TL;DR: In this paper, the authors show that asset securitization by non-financial firms provides a valuable form of financing to shareholders without harming firms' debtholders, and that firms in the middle of the credit quality distribution are the firms with the most to gain.
7