Event

Hiding Behind the Window Blinds: Strategic Trading under Portfolio Partial Disclosure

The Essex Finance Centre (EFiC) warmly welcome you to join guest speaker Professor Qi Zhang from Durham University Business School as part of the EBS Research Seminar Series

  • Wed 8 Dec 21

    15:00 - 16:00

  • Online

    Contact Organiser for Details

  • Event speaker

    Professor Qi Zhang, Durham University Business School

  • Event type

    Lectures, talks and seminars
    Essex Finance Centre (EFiC) Research Seminar Series

  • Event organiser

    Essex Business School

  • Contact details

    Essex Finance Centre (EFiC)

The Essex Finance Centre (EFiC) invite guest speaker Professor Qi Zhang from Durham University Business School to discuss his work on strategic trading under portfolio partial disclosure.

Seminar abstract

This seminar will study implications of partial disclosure on mutual fund trading and performance by exploiting a unique hybrid disclosure policy in the Chinese stock market, requiring full disclosure at a semi-annual frequency but only disclosure of top-10 holdings at a quarterly frequency, and utilizing a dataset covering the entire daily trading records of all mutual funds in Shanghai Stock Exchange.

Funds benefit from partial disclosure by strategically concealing private information and reduced window dressing efforts.

Partial disclosure does not deteriorate market liquidity and risk profiles of funds’ portfolios.

Together the evidence suggests that the extent of fund portfolio disclosure is an important dimension in disclosure policy.

 

How to attend this seminar

This seminar is free to attend and we ask you to contact the seminar organiser for more information on how to join.

We welcome you to join us online on Wednesday 8 December at 3pm.

You are encouraged to share this with your friends, colleagues and classmates.

 

Speaker bio

Qi Zhang is the Director of Research and Professor of Finance at Economics and Finance Department, Durham University Business School.

Prior to this, he was Associate Professor/lecturer in Accounting and Finance at Leeds University Business School.

Qi’s research interests are in the areas of empirical asset pricing, behavioural finance, institutional investors, and banking.

He has had papers published in journals such as;

  • Review of Financial Studies,
  • Journal of Accounting and Economics,
  • Journal of Financial and Quantitative Analysis,
  • Journal of Money, Credit and Banking,
  • Journal of Financial Econometrics,
  • Journal of Banking and Finance etc.

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