Associate Professor, Finance; Co-Director, Computing and Financial Management Program; Approved Doctoral Dissertation Supervisor

Alan HuangOffice: Hagey Hall 386E

Phone: 519-888-4567 x36770


Personal Web Site

Download curriculum vitae (PDF)

Education and certifications

PhD (Colorado University)

Brief biography

Alan Huang is an associate professor of finance at the University of Waterloo. His research covers aspects of empirical asset pricing related to how information transmits in the financial markets. Currently Alan's research interests are in the pricing implications of firms’ financial information uncertainty, information implications of corporate news stories, and the impacts of consumers’ time-varying risk attitude on asset returns. Alan's work has appeared in leading finance and accounting journals, and he has received a number of federal grants for his research work. Prior to his academic career, Alan was an investment banking associate and a proprietary trader for a Chinese investment bank. Alan holds a PhD from the University of Colorado at Boulder, and a master's from Shanghai University of Finance and Economics.

Selected publications

  • C. Chen, A. Huang, and R. Jha, 2012, "Idiosyncratic Return Volatility and the Information Quality Underlying Managerial Discretion'', Journal of Financial and Quantitative Analysis 47, 873-899
  • A. Huang and T. Wirjanto, 2012, "Is China's P/E ratio too low? Examining the Role of Earnings Volatility'', Pacific-Basin Finance Journal 20, 41--61.
  • A. Huang, Y. Tian, and T. Wirjanto, 2011, "Re-examining Accounting Conservatism: The Importance of Adjusting for Firm Heterogeneity'', forthcoming in Advances in Quantitative Analysis of Finance and Accounting, edited by C. F. Lee
  • Sati P. Bandyopadhyay, Changling Chen, Alan Huang, and Ranjini Jha, “Accounting Conservatism and the Temporal Trends in Current Earnings’ Ability to Predict Future Cash Flows versus Future Earnings: Evidence on the Tradeoff between Relevance and Reliability”, 2010, Contemporary Accounting Research 27, 413-460
  • Huang, Alan, "The Cross Section of Cash Flow Volatility and Expected Stock Returns", 2009, Journal of Empirical Finance 16, 409-429.

Working papers

  • "Pricing of international 144A debt: evidence from the U.S. secondary bond market, with Madhu Kalimipalli", Subhankar Nayak, and Latha Ramchand
  • "How do institutions trade around corporate news?", with Hongping Tan and Russ Wermers
  • "Target price optimism around the world", with Mark Bradshaw and Hongping Tan
  • "What explains the asset growth effect? Evidence from stock issuance and buyback restrictions", with Kevin Jialin Sun
  • "Generational asset pricing, equity puzzles and cyclicality", with E. Hughson and C.J. Leach
  • "The return premiums to accrual quality", with S. Bandyopadhyay and T. Wirjanto
  • Copies of working papers can be obtained from Social Science Research Network by clicking.


  • Social Sciences and Humanities Research Council of Canada (SSHRC), Principal Investigator, with H. Tan, 2012-2016, $117,558
  • SSHRC , with S. Bandyopadhyay, and C. Chen (Principal Investigator), 2012-2015, $82,760
  • SSHRC, with T. Wirjanto (Principal Investigator), 2011-2014, $65,000
  • SSHRC, with S. Bandyopadhyay, R. Jha (Principal investigator), and T. Wirjanto, 2008, $66,000
  • SSHRC, Principal Investigator, with A. Douglas and K. Vetzal, 2006-2009, $76,000

Courses taught

  • Finance 1: Discrete-Time Asset Pricing (Masters of Quantitative Finance), 2009-2010
  • Investments (undergraduate), 2009-2014
  • Managerial Finance II (Corporate Finance II, undergraduate), 2005-2008
  • Math Managerial Finance II (Corporate Finance II, undergraduate), 2005-2008

Professional service

 Ad-hoc Referee: 
    Management Science, Journal of Empirical Finance, The Financial Review, International Review of Economics & Finance, Journal of Comparative Economics, International Journal of Business and Economics, Quantitative Finance, Journal of Business Ethics, Empirical Economics, Journal of Economics and Business, Managerial Finance, Social Sciences and Humanities Research Council of Canada (SSHRC), the Mitacs-Accelerate program of Canadian Federal Government

University of Waterloo

Profiles by type