Pu Liu
University of Arkansas
39 Papers
515 Citations
Pu Liu is an academic researcher from University of Arkansas. The author has contributed to research in topics: Bond credit rating & Bond. The author has an hindex of 17, co-authored 37 publications. Previous affiliations of Pu Liu include College of Business Administration.
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Papers
Stock Price Reactions to The Wall Street Journal's Securities Recommendations
TL;DR: In this article, the authors examined the impact of the "Heard-on-the-Street" column of The Wall Street Journal on common stock prices, and found that the HOTS column appears to have an impact on stock prices on the publication day; however, they also found a smaller, but statistically significant, impact on two days preceding the pub? lication.
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The Independent Impact of Credit Rating Changes – The Case of Moody's Rating Refinement on Yield Premiums
TL;DR: This article examined the information content of the rating refinement in the study and found a statistically significant change in the yields on bonds whose ratings were downgraded, indicating that rating agencies perform an important function in financial markets, that is they provide information to investors.
105
The Weekend Effect, ‘Reverse’ Weekend Effect, and Firm Size
TL;DR: In this paper, the authors find that the reverse%rsquo; weekend effect, whereby returns for Monday are positive and significantly greater than returns for the preceding Friday, occurs in portfolios of large firms.
91
The impact of split bond ratings on risk premia
Pu Liu,William T. Moore +1 more
TL;DR: In this paper, the authors used the phenomenon of split ratings to assess whether or not ratings have a separate impact on bond prices, and they found that a downside split appears to have greater bond yield impact than an upside split.
49
Weekend Effect, 'Reverse' Weekend Effect, and Investor Trading Activities
TL;DR: In this paper, the authors found evidence of a "reverse" weekend effect - whereby Monday returns are significantly positive and they are higher than the returns on other days of the week - over an extended period of eleven years (from 1988 to 1998).
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