Clarence Kwan

Dr. Clarence Kwan

Professor

Finance & Business Economics

CONTACT INFORMATION

JOURNAL PUBLICATIONS

2020

Addendum To A Case Study On Using Spreadsheets To Facilitate Committee Discussions And To Assist Committee Decisions In An Academic Setting: Graduate Admissions Of Applicants With Degrees From Chinese Universities

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2019

Solving The Black-scholes Partial Differential Equation Via The Solution Method For A One-dimensional Heat Equation: A Pedagogic Approach With A Spreadsheet-based Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2018

Using Spreadsheets To Facilitate Committee Discussions And To Assist Committee Decisions In An Academic Setting: A Case Study

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2017

Shrinkage Of The Sample Correlation Matrix Of Returns Towards A Constant Correlation Target: A Pedagogic Illustration Based On Dow Jones Stock Returns

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2016

The Arbitrage Pricing Model: A Pedagogic Derivation And A Spreadsheet-based Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2015

Interest Rate Conversion

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Y Feng, Clarence c y Kwan
2014

A Regression-based Interpretation Of The Inverse Of The Sample Covariance Matrix

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2013

Market Neutral Portfolio Selection: A Pedagogic Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2012

Geometric Brownian Motion, Option Pricing, And Simulation: Some Spreadsheet-based Exercises In Financial Modeling

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Kd Brewer, Y Feng, Clarence c y Kwan
2012

Connecting Binomial And Black-scholes Option Pricing Models: A Spreadsheet-based Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Y Feng, Clarence c y Kwan
2012

Bond Duration: A Pedagogic Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Y Feng, Clarence c y Kwan
2011

Time-value Concepts, Bond Valuation, And Corresponding Spreadsheet Functions

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Y Feng, Clarence c y Kwan
2011

An Introduction To Shrinkage Estimation Of The Covariance Matrix: A Pedagogic Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2010

The Requirement Of A Positive Definite Covariance Matrix Of Security Returns For Mean-variance Portfolio Analysis: A Pedagogic Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2010

Spreadsheet-based Sudoku As A Tool For Teaching Logical Deduction

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2010

Bond Portfolio Laddering: A Mean-variance Perspective

JOURNAL : JOURNAL OF APPLIED FINANCE: THEORY, PRACTICE, EDUCATION

CONTRIBUTORS: Cs Cheung, Clarence c y Kwan, S Sarkar
April 2009

Optimal Mix Of Investment And Insurance Activities Of Property-liability Insurance Companies

JOURNAL : CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES / REVUE CANADIENNE DES SCIENCES DE L'ADMINISTRATION

CONTRIBUTORS: C sherman Cheung, Itzhak Krinsky, Clarence c y Kwan
April 2009

Day Of The Week Patterns In Stock Returns: The Canadian Evidence

JOURNAL : CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES / REVUE CANADIENNE DES SCIENCES DE L'ADMINISTRATION

CONTRIBUTORS: Trevor w Chamberlain, C sherman Cheung, Clarence c y Kwan
April 2009

Volume-price Change Relations And The Costly Short Sales Hypothesis: Some Empirical Tests

JOURNAL : CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES / REVUE CANADIENNE DES SCIENCES DE L'ADMINISTRATION

CONTRIBUTORS: Trevor w Chamberlain, C sherman Cheung, Clarence c y Kwan
2009

Estimation Error In The Correlation Of Two Random Variables: A Spreadsheet-based Exposition

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2007

A Simple Spreadsheet-based Exposition Of The Markowitz Critical Line Method For Portfolio Selection

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Clarence c y Kwan
2007

Mean-gini Portfolio Analysis: A Pedagogic Illustration

JOURNAL : SPREADSHEETS IN EDUCATION

CONTRIBUTORS: Cs Cheung, Clarence c y Kwan, Pc Miu
November 2006

Some Further Analytical Properties Of The Constant Correlation Model For Portfolio Selection

JOURNAL : INTERNATIONAL JOURNAL OF THEORETICAL AND APPLIED FINANCE

CONTRIBUTORS: Clarence c y Kwan
2006

Some Further Analytical Properties Of The Constant Correlation Model For Portfolio Selection

JOURNAL : INTERNATIONAL JOURNAL OF THEORETICAL AND APPLIED FINANCE

CONTRIBUTORS: Clarence c y Kwan
February 2004

Long-short Portfolio Modeling: Critique And Extension

JOURNAL : INTERNATIONAL JOURNAL OF THEORETICAL AND APPLIED FINANCE

CONTRIBUTORS: Clarence c y Kwan
February 2004

Long-short Portfolio Modeling: Critique And Extension

JOURNAL : INTERNATIONAL JOURNAL OF THEORETICAL AND APPLIED FINANCE

CONTRIBUTORS: Clarence c y Kwan
January 2003

Improving The Efficient Frontier

JOURNAL : THE JOURNAL OF PORTFOLIO MANAGEMENT

CONTRIBUTORS: Clarence c y Kwan
2002

Portfolio Selection With Round-lot Holdings

JOURNAL : ADVANCES IN INVESTMENT AND ANALYSIS AND PORTFOLIO MANAGEMENT

CONTRIBUTORS: Clarence c y Kwan, M Parlar
2001

Portfolio Analysis Using Spreadsheet Tools

JOURNAL : JOURNAL OF APPLIED FINANCE: THEORY, PRACTICE, EDUCATION

CONTRIBUTORS: Clarence c y Kwan
May 1999

A Note On Market-neutral Portfolio Selection

JOURNAL : JOURNAL OF BANKING & FINANCE

CONTRIBUTORS: Clarence c y Kwan
1997

The Noise Trader Hypothesis: The Case Of Closed-end Country Funds

JOURNAL : RESEARCH IN FINANCE

CONTRIBUTORS: Cs Cheung, Clarence c y Kwan, J Lee
1997

Foreign Risk-free Assets And Exchange Rate Risk In International Investment

JOURNAL : ADVANCES IN INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT

CONTRIBUTORS: Tw Chamberlain, Cs Cheung, Clarence c y Kwan
December 1996

Neural Network Forecasting Of Quarterly Accounting Earnings

JOURNAL : INTERNATIONAL JOURNAL OF FORECASTING

CONTRIBUTORS: Jeffrey l Callen, Clarence c y Kwan, , Yufei Yuan
1996

Price Effects Of Stock Ownership Restrictions For Foreigners In Emerging Markets

JOURNAL : RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE

CONTRIBUTORS: Cs Cheung, Clarence c y Kwan, Ha Thomas
December 1995

The Pricing Of Exchange Rate Risk And Stock Market Segmentation: The Canadian Case

JOURNAL : REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING

CONTRIBUTORS: Chun-sang-sherman Cheung, Clarence c y Kwan, Jason Lee
June 1995

Tests Of The Value Line Ranking System: Some International Evidence

JOURNAL : JOURNAL OF BUSINESS FINANCE & ACCOUNTING

CONTRIBUTORS: Trevor w Chamberlain, C sherman Cheung, Clarence c y Kwan
1994

Dollar Cost Averaging: New Evidence On An Old Rule

JOURNAL : ADVANCES IN INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT

CONTRIBUTORS: Tw Chamberlain, Cs Cheung, Clarence c y Kwan
April 1993

An Empirical Investigation Of The Random Character Of Annual Earnings

JOURNAL : JOURNAL OF ACCOUNTING, AUDITING & FINANCE

CONTRIBUTORS: Jeffrey l Callen, Chun-sang-sherman Cheung, Clarence c y Kwan,
1993

The Impact Of Options Listing On Stock Behaviour And Market Liquidity: Some Canadian Evidence

JOURNAL : JOURNAL OF BUSINESS FINANCE AND ACCOUNTING

CONTRIBUTORS: Tw Chamberlain, Cs Cheung, Clarence c y Kwan
1991

Weak-form Efficiency In The Hong Kong Stock Markets

JOURNAL : ADVANCES IN QUANTITATIVE ANALYSIS OF FINANCE AND ACCOUNTING

CONTRIBUTORS: Jl Callen, Mwl Chan, Cs Cheung, Clarence c y Kwan, Pcy Yip
1991

The Nature Of Short Selling

JOURNAL : ADVANCES IN INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT

CONTRIBUTORS: Tw Chamberlain, Cs Cheung, Clarence c y Kwan
1991

Friday The Thirteenth, Myth Or Reality?

JOURNAL : QUARTERLY JOURNAL OF BUSINESS AND ECONOMICS

CONTRIBUTORS: Tw Chamberlain, Cs Cheung, Clarence c y Kwan
August 1990

Risk Versus Return In The Substitutability Of Debt And Equity Securities

JOURNAL : JOURNAL OF MONETARY ECONOMICS

CONTRIBUTORS: Varouj a Aivazian, Jeffrey l Callen, Itzhak Krinsky, Clarence c y Kwan
1990

Day-of-the-week Patterns In Futures Prices: Some Further Results

JOURNAL : QUARTERLY JOURNAL OF BUSINESS AND ECONOMICS

CONTRIBUTORS: Tw Chamberlain, Cs Cheung, Clarence c y Kwan
September 1989

Expiration-day Effects Of Index Futures And Options: Some Canadian Evidence

JOURNAL : FINANCIAL ANALYSTS JOURNAL

CONTRIBUTORS: Trevor w Chamberlain, C sherman Cheung, Clarence c y Kwan
March 1989

Spot And Forward Exchange Rates: A Causality Analysis

JOURNAL : JOURNAL OF BUSINESS FINANCE & ACCOUNTING

CONTRIBUTORS: Jeffrey l Callen, Man-wah luke Chan, Clarence c y Kwan
December 1988

A Sequential Selection Problem

JOURNAL : DECISION SCIENCES

CONTRIBUTORS: Clarence c y Kwan, Yufei Yuan
1988

Cash Versus Futures Prices And The Weekend Effect: The Canadian Evidence

JOURNAL : ADVANCES IN FUTURES AND OPTIONS RESEARCH

CONTRIBUTORS: Tw Chamberlain, Cs Cheung, Clarence c y Kwan
December 1986

International Exchange Risk And Asset Substitutability

JOURNAL : JOURNAL OF INTERNATIONAL MONEY AND FINANCE

CONTRIBUTORS: Varouj a Aivazian, Jeffrey l Callen, Itzhak Krinsky, Clarence c y Kwan
1986

An Empirical Portfolio Analysis Of Financial Asset Substitutability: The Case Of The U.s. Household Sector

JOURNAL : QUARTERLY REVIEW OF ECONOMICS AND BUSINESS

CONTRIBUTORS: Va Aivazian, Jl Callen, I Krinsky, Clarence c y Kwan
April 1985

Foreign-exchange Rate Dynamics: An Empirical Study Using Maximum Entropy Spectral Analysis

JOURNAL : JOURNAL OF BUSINESS & ECONOMIC STATISTICS

CONTRIBUTORS: Jeffrey l Callen, Clarence c y Kwan,
April 1985

Foreign-exchange Rate Dynamics: An Empirical Study Using Maximum Entropy Spectral Analysis

JOURNAL : JOURNAL OF BUSINESS & ECONOMIC STATISTICS

CONTRIBUTORS: Jeffrey l Callen, Clarence c y Kwan,
1985

Autoregressive Modelling Of Accounting Earnings And Security Prices

JOURNAL : TIME SERIES ANALYSIS: THEORY AND PRACTICE

CONTRIBUTORS: Jl Callen, Mwl Chan, Clarence c y Kwan
December 1983

Mean-variance Utility Functions And The Demand For Risky Assets: An Empirical Analysis Using Flexible Functional Forms

JOURNAL : THE JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS

CONTRIBUTORS: Varouj a Aivazian, Jeffrey l Callen, Itzhak Krinsky, Clarence c y Kwan
December 1979

Debt Maturity, Default Risk, And Capital Structure

JOURNAL : JOURNAL OF BANKING & FINANCE

CONTRIBUTORS: Myron j Gordon, Clarence c y Kwan
February 1976

Pollution Monitoring Systems Based On Resonance Absorption Measurements Of Ozone With A “tunable” Co_2 Laser: Some Criteria

JOURNAL : APPLIED OPTICS

CONTRIBUTORS: J Shewchun, Bk Garside, Ea Ballik, Clarence c y Kwan, Mm Elsherbiny, G Hogenkamp, A Kazandjian
June 1972

Conduction Band Parameters In Gasb From High-temperature Transport Measurements

JOURNAL : CANADIAN JOURNAL OF PHYSICS

CONTRIBUTORS: Joseph Basinski, Clarence c y Kwan, John c Woolley
February 1972

Thermal Conductivity Of Two-phase And Three-phase Heterogeneous Solid Mixtures

JOURNAL : INTERNATIONAL JOURNAL OF HEAT AND MASS TRANSFER

CONTRIBUTORS: Sc Cheng, Ys Law, Clarence c y Kwan
1972

Optical Properties Of Semiconducting Vo2 Films

JOURNAL : PHYSICAL REVIEW B - CONDENSED MATTER AND MATERIALS PHYSICS

CONTRIBUTORS: A Gavini, Clarence c y Kwan
1972

Transport And Structural Properties Of Vo2 Films

JOURNAL : APPLIED PHYSICS LETTERS

CONTRIBUTORS: Clarence c y Kwan, Ch Griffiths, Hk Eastwood
December 1971

Analysis Of The Two-rand Hall Effect And Magnetoresistance

JOURNAL : PHYSICA STATUS SOLIDI (B)

CONTRIBUTORS: Clarence c y Kwan, J Basinski, Jc Woolley
June 1971

Electroreflectance And Thermoreflectance Of Znsias2

JOURNAL : APPLIED PHYSICS LETTERS

CONTRIBUTORS: Clarence c y Kwan, John c Woolley
April 1971

Electroreflectance And Thermoreflectance Of Znsnas2

JOURNAL : PHYSICA STATUS SOLIDI (B)

CONTRIBUTORS: Clarence c y Kwan, Jc Woolley
September 1970

Electroreflectance Spectra Of Some Ii–iv–as2 Compounds

JOURNAL : CANADIAN JOURNAL OF PHYSICS

CONTRIBUTORS: Clarence c y Kwan, John c Woolley
December 1968

Electroreflectance Of Inas

JOURNAL : CANADIAN JOURNAL OF PHYSICS

CONTRIBUTORS: Clarence c y Kwan, Alan g Thompson, John c Woolley
August 1968

Conduction Band Of Inas

JOURNAL : CANADIAN JOURNAL OF PHYSICS

CONTRIBUTORS: Clarence c y Kwan, John c Woolley