Credentials
B.Comm. (U.Manitoba), M.Sc. (U.Sask), Ph.D.(U.Alberta), CPA, CABiography
Dennis Chung completed his PhD at the University of Alberta. He is a Canadian Chartered Professional Accountant and has previously taught at Clarkson University, the Hong Kong Polytechnic University, the University of Manitoba, and the University of Saskatchewan. He also worked in public practice during the early 1980s with the firm Deloitte Haskins & Sells.
His publications have appeared in the Financial Times Top 50 Journals, such as Review of Finance, Contemporary Accounting Research, Journal of Finance, Journal of Financial Economics, and Journal of Financial and Quantitative Analysis.
Research Interests
Financial Disclosure, Market Behaviour, Liquidity, Investor Protection
Selected Publications
articles and reports
Brockman, P., Brockman, P., Chung, D. Y., Snow, N. M., Snow, N. M., & Snow, N. M. (2023). Search-Based Peer Groups and Commonality in Liquidity. Review of Finance, 27(1), 33-77. http://doi.org/10.1093/rof/rfab033
Chung, D. Y., Hrazdil, K., Novak, J., & Suwanyangyuan, N. (2019). Does the large amount of information in corporate disclosures hinder or enhance price discovery in the capital market? Journal of Contemporary Accounting and Economics, 15(1), 36-52. http://doi.org/10.1016/j.jcae.2018.12.001
Brockman, P., Chung, D. Y., & Shaw, K. W. (2017). The R&D-abnormal return anomaly: a transaction cost explanation. Review of Quantitative Finance and Accounting, 48(2), 385-406. http://doi.org/10.1007/s11156-016-0555-3
Chung, D. Y., Hrazdil, K., & Trottier, K. (2015). On the efficiency of intra-industry information transfers: The dilution of the overreaction anomaly. Journal of Banking and Finance, 60, 153-167. http://doi.org/10.1016/j.jbankfin.2015.08.013
Chung, D. Y., & Hrazdil, K. (2012). Speed of convergence to market efficiency: The role of ECNs. Journal of Empirical Finance, 19(5), 702-720. http://doi.org/10.1016/j.jempfin.2012.08.006
Chung, D. Y., & Hrazdil, K. (2011). Market efficiency and the post-earnings announcement drift. Contemporary Accounting Research, 28(3), 926-956. http://doi.org/10.1111/j.1911-3846.2011.01078.x
Chung, D., & Hrazdil, K. (2010). Liquidity and market efficiency: A large sample study. Journal of Banking and Finance, 34(10), 2346-2357. http://doi.org/10.1016/j.jbankfin.2010.02.021
Brockman, P., Chung, D. Y., & Yan, X. (2009). Block ownership, trading activity, and market liquidity. Journal of Financial and Quantitative Analysis, 44(6), 1403-1426. http://doi.org/10.1017/S0022109009990378
Brockman, P., Chung, D. Y., & Prignon, C. (2009). Commonality in liquidity: A global perspective. Journal of Financial and Quantitative Analysis, 44(4), 851-882. http://doi.org/10.1017/S0022109009990123
Brockman, P., & Chung, D. Y. (2008). Commonality under market stress: Evidence from an order-driven market. International Review of Economics and Finance, 17(2), 179-196. http://doi.org/10.1016/j.iref.2007.06.002
Brockman, P., & Chung, D. Y. (2008). Investor protection, adverse selection, and the probability of informed trading. Review of Quantitative Finance and Accounting, 30(2), 111-131. http://doi.org/10.1007/s11156-007-0049-4
Chung, D. Y., Isakov, D., & Pérignon, C. (2007). Repurchasing shares on a second trading line. Review of Finance, 11(2), 253-285. http://doi.org/10.1093/rof/rfm006
Brockman, P., & Chung, D. Y. (2006). Index inclusion and commonality in liquidity: Evidence from the Stock Exchange of Hong Kong. International Review of Financial Analysis, 15(4-5), 291-305. http://doi.org/10.1016/j.irfa.2005.09.003
Brockman, P., & Chung, D. Y. (2003). The inter-temporal behavior of informed and uninformed traders. Review of Quantitative Finance and Accounting, 21(3), 251-265. http://doi.org/10.1023/A:1027336414897
Brockman, P., & Chung, D. Y. (2003). Investor Protection and Firm Liquidity. Journal of Finance, 58(2), 921-938. http://doi.org/10.1111/1540-6261.00551
Brockman, P., & Chung, D. Y. (2002). The impact of informed trading on corporate liquidity. Journal of Multinational Financial Management, 12(3), 239-259. http://doi.org/10.1016/S1042-444X(01)00053-6
Brockman, P., & Chung, D. Y. (2002). Commonality in liquidity: Evidence from an order-driven market structure. Journal of Financial Research, 25(4), 521-539. http://doi.org/10.1111/1475-6803.00035
Brockman, P., & Chung, D. Y. (2001). Managerial timing and corporate liquidity: : Evidence from actual share repurchases. Journal of Financial Economics, 61(3), 417-448. http://doi.org/10.1016/S0304-405X(01)00068-X
Brockman, P., & Chung, D. Y. (2000). Informed and uninformed trading in an electronic, order-driven environment. Financial Review, 35(2), 125-146. http://doi.org/10.1111/j.1540-6288.2000.tb01417.x
Brockman, P., & Chung, D. Y. (2000). An empirical investigation of trading on asymmetric information and heterogeneous prior beliefs. Journal of Empirical Finance, 7(5), 417-454. http://doi.org/10.1016/S0927-5398(00)00020-7
Brockman, P., & Chung, D. Y. (1999). An analysis of depth behavior in an electronic, order-driven environment. Journal of Banking and Finance, 23(12), 1861-1886. http://doi.org/10.1016/S0378-4266(99)00044-8
Brockman, P., & Chung, D. Y. (1999). BID-ASK spread components in an order-driven environment. Journal of Financial Research, 22(2), 227-246. http://doi.org/10.1111/j.1475-6803.1999.tb00724.x
Chung, D. Y. (1999). The informational effect of corporate lobbying against proposed accounting standards. Review of Quantitative Finance and Accounting, 12(3), 243-270. http://doi.org/10.1023/A:1008374831913
Brockman, P., & Chung, D. Y. (1998). Inter- and intra-day liquidity patterns on the stock exchange of Hong Kong. Journal of International Financial Markets, Institutions and Money, 8(3-4), 277-298. http://doi.org/10.1016/S1042-4431(98)00040-7
Chung, D. Y., & Lee, J. (1998). Ownership structure and trading volume reaction to earnings announcements: Evidence from Japan. Pacific Basin Finance Journal, 6(1-2), 45-60. http://doi.org/10.1016/S0927-538X(98)00004-3
CHUNG, D. Y., & LINDSAY, W. D. (1988). The pricing of audit services: The Canadian perspective. Contemporary Accounting Research, 5(1), 19-46. http://doi.org/10.1111/j.1911-3846.1988.tb00693.x