Publications    

• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2024, REIT long-term returns and wealth creation, Journal of Real Estate Research 46 (2), 245-266.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2023, Open-market stock repurchases, insider trading, and price informativeness, Review of Quantitative Finance and Accounting 60 (4), 1495-1513.
• Jong-Rong Chiou, Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2022, Are REIT dividend changes a firm-specific or industry-level signals? Evidence from the decomposition of stock returns, Journal of Real Estate Portfolio Management 28 (2), 139-152.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2022, Do IPOs outperform Treasury bills?, Finance Research Letters 47 (Part A), 102610.
  
  
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2019, Investors' opinion divergence and post-earnings announcement drift in REITs, Journal of Real Estate Portfolio Management 25 (1), 53-65.
• William G. Hardin III, Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2019, Firm and industry informational content from REIT FFO announcements, Journal of Property Research 36 (2), 131-152.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2019, Do open-market stock repurchases convey firm-specific or industry-wide information? Evidence from REITs, Journal of Economics and Finance 43 (2), 382-397.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2015, Investor opinion divergence and post-repurchase announcement stock price drift, Applied Economics 47 (22), 2293-2306.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2015, The effects of stock splits on stock liquidity, Journal of Economics and Finance 39 (1), 119-135.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2013, Investors' opinion divergence and the REIT post-repurchase announcement price drift, Journal of Real Estate Portfolio Management 19 (2), 155-168.
• Gow-Cheng Huang, Kartono Liano, Herman Manakyan, and Ming-Shiun Pan, 2013, Open-market stock repurchases by insurance companies and signaling, Risk Management and Insurance Review 16 (1), 47-69.
• William G. Hardin III, Gow-Cheng Huang, and Kartono Liano, 2012, Dividend size, yield, clienteles and REITs, Journal of Real Estate Finance and Economics 45 (2), 435-449.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2012, REIT share repurchase decision and stock market liquidity, Journal of Real Estate Portfolio Management 18 (1), 43-56.
• Kam C. Chan, Pikki Lai, and Kartono Liano, 2012, A threshold citation analysis in marketing research, European Journal of Marketing 46 (1/2), 134-156.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2011, REIT stock splits and liquidity changes, Journal of Real Estate Finance and Economics 43 (4), 527-547.
• Kam C. Chan, William G. Hardin III, and Kartono Liano, 2010, Author order conditions and co-authorship in real estate journals, Journal of Real Estate Literature 18 (1), 41-51.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2010, The operating performance of REITs conducting open-market repurchases, Journal of Real Estate Portfolio Management 16 (1), 59-69.
• James J. Chrisman, Franz W. Kellermanns, Kam C. Chan, and Kartono Liano, 2010, Intellectual foundations of current research in family business: An identification and review of 25 influential articles, Family Business Review 23 (1), 9-26.
  
  
• Kartono Liano and Alexandre Sanchini, 2009, Return-adjusted risk, Journal of Financial Education 34 (Fall), 94-100.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2009, REIT open-market stock repurchases and profitability, Journal of Real Estate Finance and Economics 39 (4), 439-449.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2009, The information content of stock splits, Journal of Empirical Finance 16 (4), 557-567.
• Kam C. Chan and Kartono Liano, 2009, Influential articles, journals, and institutions in risk management and insurance, Risk Management and Insurance Review 12 (1), 125-139.
• Kam C. Chan and Kartono Liano, 2009, Threshold citation analysis of influential articles, journals, institutions and researchers in accounting, Accounting & Finance 49 (1), 59-74.
• Gow-Cheng Huang, Kartono Liano, Herman Manakyan, and Ming-Shiun Pan, 2008, The information content of multiple stock splits, Financial Review 43 (4), 543-567.
• William G. Hardin III, Kartono Liano, Kam C. Chan, and Robert C. W. Fok, 2008, Finance editorial board membership and research productivity, Review of Quantitative Finance and Accounting 31 (3), 225-240.
• Kam C. Chan and Kartono Liano, 2008, Ranking of institutions in economic research: A threshold citation approach, Eastern Economic Journal 34 (3), 347-363.
• Kam C. Chan, William G. Hardin III, Kartono Liano, and Zheng Yu, 2008, The internationalization of real estate research, Journal of Real Estate Research 30 (1), 91-124.
• Charles F. Beauchamp, William G. Hardin III, Matthew Hill, and Kartono Liano, 2008, The finance and real estate publications of real estate editorial board members, Journal of Real Estate Literature 16 (1), 23-31.
• William G. Hardin III, Kartono Liano, and Kam C. Chan, 2007, A citation proportions evaluation of real estate research, Journal of Real Estate Literature 15 (3), 383-396.
• William G. Hardin III, Kartono Liano, Gow-Cheng Huang, and Gregory L. Nagel, 2007, REITs, decimalization, and ex-dividend stock prices, Journal of Real Estate Finance and Economics 34 (4), 499-511.
• William G. Hardin III, Kartono Liano, and Kam C. Chan, 2006, Influential journals, institutions and researchers in real estate, Real Estate Economics 34 (3), 457-478.
• William G. Hardin III, Charles F. Beauchamp, Kartono Liano, and Matthew Hill, 2006, Research and real estate editorial board membership, Journal of Real Estate Practice and Education 9 (1), 1-18.
• Gow-Cheng Huang, Kartono Liano, and Ming-Shiun Pan, 2006, Do stock splits signal future profitability?, Review of Quantitative Finance and Accounting 26 (4), 347-367.
• William G. Hardin III, Kartono Liano, and Gow-Cheng Huang, 2005, Real estate investment trusts and calendar anomalies: Revisited, International Real Estate Review 8 (1), 83-94.
• William G. Hardin III, Kartono Liano, and Gow-Cheng Huang, 2005, REIT stock splits and market efficiency, Journal of Real Estate Finance and Economics 30 (3), 297-315.
• Xiaofeng Zhao, Kartono Liano, and William G. Hardin III, 2004, Presidential election cycles and the turn-of-the-month effect, Social Science Quarterly 85 (4), 958-973.
• Ming-Shiun Pan, Kartono Liano, and Gow-Cheng Huang, 2004, Industry momentum strategies and autocorrelations in stock returns, Journal of Empirical Finance 11 (2), 185-202.
• Joe H. Sullivan and Kartono Liano, 2003, Market breadth and the Monday seasonal in stock returns, Quarterly Journal of Business and Economics 42 (3 and 4), 65-72.
• Kartono Liano, Gow-Cheng Huang, and Herman Manakyan, 2003, Market reaction to open market stock repurchases and industry affiliation, Quarterly Journal of Business and Economics 42 (1 and 2), 97-120.
• William G. Hardin III, Kartono Liano, and Gow-Cheng Huang, 2002, The ex-dividend pricing of REITs, Real Estate Economics 30 (4), 533-549.
• Herman Manakyan and Kartono Liano, 2001, Performance of focused mutual funds, Journal of Business and Economic Perspectives 27 (1), 91-101.
• Herman Manakyan, Kartono Liano, and Gow-Cheng Huang, 2000, An alternative explanation of the market reaction to dividend changes, Advances in Financial Planning and Forecasting 9, 253-278.
• Kartono Liano, 2000, A simple approach to risk-adjusted performance, Journal of Financial Education 26 (Spring), 22-24.
  
  
• Donald R. Epley and Kartono Liano, 1999, The residential mortgage supply function of commercial banks, Urban Studies 36 (11), 1959-1971.
• Kartono Liano, Kadir Liano, and Herman Manakyan, 1999, Presidential administrations and the day-of-the-week effect in stock returns, Review of Financial Economics 8 (1), 93-99.
• Donald R. Epley and Kartono Liano, 1999, Borrower age differences in residential mortgage lending by commercial banks, Social Science Quarterly 80 (3), 604-613.
• Arnold L. Redman, Herman Manakyan, and Kartono Liano, 1997, Real estate investment trusts and calendar anomalies, Journal of Real Estate Research 14 (1), 19-28.
• Herman Manakyan and Kartono Liano, 1997, Performance of mutual funds before and after closing to new investors, Financial Services Review 6 (4), 257-269.
• Donald R. Epley, Kartono Liano, and Richard Haney, 1996, Borrower risk signaling using loan-to-value ratios, Journal of Real Estate Research 11 (1), 71-86.
• Kartono Liano and James T. Lindley, 1995, An analysis of the weekend effect within the monthly effect, Review of Quantitative Finance and Accounting 5 (4), 419-426.
• Herman Manakyan, Kartono Liano, and Gow-Cheng Huang, 1995, Economic conditions and dividend announcements: A new approach to signaling hypothesis, Advances in Financial Planning and Forecasting 6, 205-216.
• Kartono Liano, 1995, A pre-holiday effect in the currency futures market: A note, International Review of Economics and Finance 4 (3), 299-304.
• Kartono Liano, Benton E. Gup, and Gow-Cheng Huang, 1995, Enhancing the January effect through industry and market selection, Business and Economic Review 20 (1), 8-12.
• Kartono Liano and G. Wayne Kelly, 1995, Currency futures and the turn-of-month effect, Global Finance Journal 6 (1), 1-7.
• Kartono Liano and Larry R. White, 1994, Business cycles and the pre-holiday effect in stock returns, Applied Financial Economics 4 (3), 171-174.
• Kartono Liano and Patrick H. Marchand, 1993, Seasonality in the foreign-exchange futures market, International Journal of Finance 6 (1), 697-708.
• Herman Manakyan, Kartono Liano, and Gow-Cheng Huang, 1993, The 1986 Tax Reform Act and ex-dividend day price and volume patterns: Evidence from organized exchanges and the OTC market, Journal of Economics and Finance 17 (1), 135-147.
• Kartono Liano, Gow-Cheng Huang, and Benton E. Gup, 1993, A twist on the Monday effect in stock returns: A note, Journal of Economics and Business 45 (1), 61-67.
• Kartono Liano, 1992, Macroeconomic events and seasonality of risk and return, Applied Financial Economics 2 (4), 205-209.
• Kartono Liano, Patrick H. Marchand, and Gow-Cheng Huang, 1992, The holiday effect in stock returns: Evidence from the OTC market, Review of Financial Economics 2 (1), 45-54.
• Kartono Liano, Herman Manakyan, and Patrick H. Marchand, 1992, Economic cycles and the monthly effect in the OTC market, Quarterly Journal of Business and Economics 31 (4), 41-50.
  
  
• Kartono Liano and Benton E. Gup, 1989, The day-of-the-week effect in stock returns over business cycles, Financial Analysts Journal 45 (4), 74-77.
• Benton E. Gup, David C. Cheng, Larry D. Wall, and Kartono Liano, 1989, Regional differences in bank merger pricing, in Bank Mergers: Current Issues and Perspectives, Boston: Kluwer Nijhoff Publishing, 69-86.