Hong Qian

Title: Associate Professor of Finance
Office: 347 Elliott Hall
Phone: (248) 370-3509
Email: [email protected]

Education:
Pennsylvania State University, Ph.D. Business Administration - Finance

Biography:
Hong Qian specializes in empirical corporate finance, with a particular focus on the interaction between corporate decisions and financial markets. Her research centers on securities issuance, examining firm decisions, market reactions, and investor performance surrounding these important corporate events. She has also studied how financial analysts make forecasts and influence market reactions to corporate decisions. Her analyses often draw on behavioral finance theories to offer explanations for investor behavior and firm choices. She is a CFA charterholder and a member of CFA Society Detroit.

Teaching interests: 
Corporate Finance, Financial Markets and Institutions, Investments

Research interests: 
Empirical Corporate Finance, Securities Issuance, Analyst Forecasts, Behavioral Finance

Awards:

• SBA Journal Award, 2018, 2019, 2022, 2025
• Department Research Theme Award, 2025
• Order of The Golden Plume, Oakland University, 2025
• Teaching Excellence Award Nominee, Oakland University Senate Teaching & Learning Committee, 2021
• Founder’s Day Faculty Recognition for Excellence in Service, Oakland University, 2019
• Department Faculty Award, 2015, 2016, 2018
• SBA/Department Target Journal Award, 2011, 2012

Grants:

• Spring/Summer Research Fellowship, SBA, Oakland University, 2020
• University Research Committee Fellowship, Oakland University, 2017
• Spring/Summer Research Fellowship, SBA, Oakland University, 2009
• University Research Committee Research Fellowship, Oakland University, 2008
• Spring/Summer Research Fellowship, SBA, Oakland University, 2007

Journals and Articles:

Huang, R. and Qian, H. (2025) Registered Direct Offerings and Confidentially Marketed Public Offerings. Financial Review, 60(3), 831-863. 

Huang, R., Qian, H., Ramalingegowda, S. (2022) Seasoned Equity Issuers’ Prospectus Filings: How Informative Is Their Tone? Financial Review, 57(2), 369-395. 

Qian, H., Ramalingegowda, S., Zhong, Z. (2019) The Roles of Institutional Investors in the Failure of Newly Public Stocks. Journal of Financial Research, 42(4), 757-788.

Qian, H., Zhong, Z. (2018) Do Hedge Funds Possess Private Information in IPO Stocks? Evidence from Post-IPO Holdings. Review of Asset Pricing Studies, 8(1), 117-152.

Qian, H. (2014) The Timing of Seasoned Equity Offerings: A Duration Analysis. Managerial Finance, 40(6), 565-586.

Qian, H., Zhong, K., Zhong, Z. (2012) Seasoned Equity Issuers’ R&D Investments: Signaling or Over-Optimism. Journal of Financial Research, 35(4), 553-580.

Zhong, K., Gribbin, D., Qian, H. (2012) The Effect of Product Demand Decline on Investments in Innovations: Evidence from the U.S. Defense Industry. Journal of Applied Business and Economics, 13(3), 48-62.

Murphy, J. A., Qian, H., Zhu, Y., Chaudhuri, R. (2012) An Empirical Examination of the Relationship Between Naked Shorting and Share Prices Around the Announcement of a Firm’s Need for External Capital. Journal of Governance and Regulation, 1(4), 139-164.

Qian, H. (2011) Liquidity Changes Around Seasoned Equity Issuance: Public Offerings vs. Private Placements. Financial Review, 46(1), 127-149.

Qian, H. (2009) Time Variation in Analyst Optimism: An Investor Sentiment Explanation. Journal of Behavioral Finance, 10(3), 182-193.

Murphy, J. A., Qian, H., Callaghan, J. H., Parkash, M. (2009) The Empirical Relationship Between Stock Prices and Long-Term Earnings. Journal of Investing, 18(3), 49-52.

Davidson, W. Kim, Y. Jiraporn, P. Qian, H. (2007) Management Buyout Consummation: An Analysis of Agency Costs, Corporate Governance, and Firm Characteristics. New Developments in Banking and Finance, Nova Science Publishers, 65-87.

Jiraporn, P., Davidson, W. N., Qian, H. (2004) MBO Withdrawals and Determinants of Stockholders' Wealth. Quarterly Journal of Business and Economics, 43(3), 13-29.