Guojin Gong
Pennsylvania State University
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Publication
Featured researches published by Guojin Gong.
Review of Accounting Studies | 2003
Daniel W. Collins; Guojin Gong; Paul Hribar
This paper examines the role of institutional investors in the pricing of accruals. Using Bushee;s (1998) classification of institutional investors, we show that firms with a high level of institutional ownership and a minimum threshold level of active institutional traders have stock prices that more accurately reflect the persistence of accruals. This result holds after controlling for differences in the persistence of accruals between firms with high and low institutional ownership, and after controlling for other characteristics that are correlated with institutional ownership and future returns. Additionally, firms with low institutional ownership are smaller, less profitable, and have lower share turnover, suggesting that limits to arbitrage impede institutional investors from exploiting the seemingly large abnormal returns for these firms.
Journal of Finance | 2008
Guojin Gong; Henock Louis; Amy X. Sun
The Accounting Review | 2011
Guojin Gong; Laura Yue Li; Jae Yong Shin
Contemporary Accounting Research | 2009
Daniel W. Collins; Guojin Gong; Haidan Li
Management Science | 2014
Divya Anantharaman; Vivian W. Fang; Guojin Gong
Journal of Accounting and Economics | 2008
Guojin Gong; Henock Louis; Amy X. Sun
The Accounting Review | 2009
Guojin Gong; Laura Yue Li; Hong Xie
Journal of Accounting Research | 2011
Guojin Gong; Laura Yue Li; Jundong Wang
Contemporary Accounting Research | 2013
Guojin Gong; Laura Yue Li; Ling Zhou
Contemporary Accounting Research | 2013
Guojin Gong; Bin Ke; Yong Yu