Qiang Kang

Overview

Qiang Kang is a financial economist at the School of Economics and Finance, University of Hong Kong. Co-author with Michael Brandt on the latent VAR approach to the risk-return tradeoff in stock returns.

Key Contributions

• Latent VAR for mean-volatility dynamics (Brandt-Kang 2004): Jointly models conditional mean and volatility as latent states; documents strongly negative contemporaneous innovation correlation ($\rho \approx -0.56$) and countercyclical dynamics for both moments. See Risk-Return Tradeoff.

Related

• Risk-Return Tradeoff
• Michael W. Brandt