English Journal Publications
Li Liao, Zhengwei Wang, Jia Xiang, Hongjun Yan, Jun Yang, "User Interface and Firsthand Experience in Retail Investing", Review of Financial Studies, Vol.34, pp.4486-4523, 2021.
Fariborz Moshirian, Xuan Tian, Bohui Zhang, Wenhui Zhang, "Stock Market Liberalization And Innovation", Journal of Financial Economics, Vol.139(3), pp.985-1014, 2021.
Jun Li, Huijun Wang, Jianfeng Yu, "Aggregate Expected Investment Growth and Stock Market Returns", Journal of Monetary Economics, Vol.117, p.618-638, 2021.
Jennifer (Jie) Li, Massimo Massa, Hong Zhang, Jian Zhang, "Air Pollution, Behavioral Bias, And The Disposition Effect In China", Journal of Financial Economics, Vol.142 (2), pp.641-673, 2021.
Charles Cao, Grant Farnsworth, Hong Zhang, "The Economics of Hedge Fund Startups: Theory and Evidence", Journal of Finance, Vol.76 (3), p.1427-1469, 2021.
Ekkehart Boehmer, Charles M. Jones, Xiaoyan Zhang, Xinran Zhang, "Tracking Retail Investor Activity", Journal of Finance, Vol.76 (5), pp.2249-2305, 2021.
Li An, Bronson Argyle, "Overselling Winners and Losers How Mutual Fund Managers Trading Behavior Affects Asset Prices", Journal of Financial Markets, Vol.55, pp.100580, 2021.
Grace Xing Hu, Jun Pan, Jiang Wang, "Tri-Party Repo Pricing", Journal of Financial and Quantitative Analysis, Vol.56, pp.337-371, 2021.
Robert Barro, Tao Jin, "Rare Events and Long-Run Risks", Review of Economic Dynamics, Vol.39, pp.1-25, 2021.
Jiandong Ju, Kang Shi, Shang-Jin Wei, "Trade Reforms and Current Account Imbalances", Journal of International Economics, Vol.131, pp.103451, 2021.
Jinglin Jiang, Li Liao, Xi Lu, Zhengwei Wang, Hongyu Xiang, "Deciphering Big Data in Consumer Credit Evaluation", Journal of Empirical Finance, Vol.62, pp.28-45, 2021.
Jinglin Jiang, Li Liao, Zhengwei Wang, Xiaoyan Zhang, "Government Affiliation and Peer-To-Peer Lending Platforms in China", Journal of Empirical Finance, Vol.62, pp.87-106, 2021.
Clark Liu, Shujing Wang, K.C. John Wei, "Demand Shock, Speculative Beta, and Asset Prices: Evidence from the Shanghai-Hong Kong Stock Connect program", Journal of Banking and Finance, Vol.126, pp.106102, 2021.
Clark Liu, Shujing Wang, "Investment, Idiosyncratic Risk, and Growth Options", Journal of Empirical Finance, Vol.61, pp.118-138, 2021.
Hui Tian, Andrew Yim, David P. Newto, "Tail-Heaviness, Asymmetry, and Profitability Forecasting by Quantile Regression", Management Science, Vol.67 (8), pp.5209-5233, 2021.
Jun Li, Huijun Wang, Jianfeng Yu, "The Expected Investment Growth Premium", Financial Management, Volume 50, pp. 905-933, 2021.
Jinyu Liu, Zhengwei Wang, Wuxiang Zhu, "Does Privatization Reform Alleviate Ownership Discrimination? Evidence from the Split-Share Structure Reform in China", Journal of Corporate Finance, Vol.66, Vol.66, pp.101848, 2021.
Zhiyao Chen, Ilya Strebulaev, Yuhang Xing and Xiaoyan Zhang, "Strategic Risk Shifting and Idiosyncratic Volatility Puzzle", Management Science, Vol.67(5), pp. 2751-2772, 2021.
Wen Yao, Xiaodong Zhu, "Structural Change and Aggregate Employment Fluctuations in China", International Economic Review, Vol.62 (1), pp.65-100, 2021.
Yinxiao Chu, Xiaoyu Huang, Tao Jin, "Political Relations and Tourism: Evidence from China", Applied Economics, Vol. 53, pp. 5281-5302, 2021.
Xiaoyu Huang, Tao Jin, Ji Zhang, "Monetary Policy, Hot Money and Housing Price Growth across Chinese Cities", Applied Economics, Vol.53 (59), pp.6855-6877, 2021.
Xiaodong Zhu, "The Varying Shadow of China's Banking System", Journal of Comparative Economics, Vol.49 (1), pp.135-146, 2021.
Grace Xing Hu, Jun Pan, Jiang Wang, "Chinese Capital Market: An Empirical Overview", Critical Finance Review, Vol.10, pp.125-206, 2021.
Changtai Li, Weihong Huang, Wei-Siang Wang, Wai-Mun Chia, "Price Change and Trading Volume Behavioral Heterogeneity in Stock Market", Computational Economics, 2021,pp.1-37, 2021.
Ruyi Ge, Li Liao, Xuan Tian, Eric Zheng, "Human-Robot Interaction: When Investors Adjust the Usage of Robo-Advisors in Peer-to-Peer Lending", Information Systems Research, Vol.32(3), pp.774-785, 2021.
Yongbin Shi, Miao Yua, Liujun Chen, Plamen Ch. Ivanovd, Yougui Wang, "Quantifying financial market dynamics: Scaling law in rank mobility of Chinese stock prices", Finance Research Letters, Vol.38, pp.101516, 2021.
Jingzhi Huang, Zhan Shi, "What Do We Know About Corporate Bond Returns?", Annual Review of Financial Economics, Vol.13(1), pp. 363-399, 2021.
Xuan Tian, Wenyu Wang, "Hard Marriage with Heavy Burdens: Organized Labor as Takeover Deterrents", The Review of Corporate Finance Studies, Vol. 10(2), pp.306-346, 2021.
Xian Wang, Robert W. Greene, Yan Yan, "Conglomeration Unbound: The Origins and Globally Unparalleled Structures of Multi-sector Chinese Corporate Groups Controlling Large Financial Companies", University of Pennsylvania Journal of International Law, Vol.42(3), pp.799-888, 2021.
Chinese Journal Publications
Xiaoquan Zhu, Zhuo Chen. “Implicit Leverage Constraints, Liquidity Risk, and Investor Sentiment”. Journal of Financial Research. 2021,(10):171-189.
Zhuo Chen, Keqi Chen, Jie Li. “Does Air Pollution Affect the Transmission of COVID-19? Evidence from China”. China Journal of Economics. 2021,8(03):224-258.
Xiaotong Jian, Guangli Zhang, Hao Gao. “Conference Call and Chinese Listed Company Stock Price Synchronization”. Systems Engineering-Theory & Practice. 2021,41(11):2786-2805.
Guangli Zhang, Huili Xue, Hao Gao. “IPO Value Review and Stock Market Performance”. Economic Research Journal. 2021,56(10):155-171.
Guihua He, Chenyu Cui, Hao Gao, Yuanyu Qu. “Nominal Price Illusion: Evidence from Security Analysts' Price Targets”. Journal of Financial Research. 2021,(6):189-206.
Songqin Huang, Xiaobin He, Hao Gao. ""entrepreneur + Official" Cooperation Policy and Enterprise Investment--Evidence from China Private Enterprise Survey Data (CPES)". China Journal of Economics. 2021,8(4):116-152.
Junjian Gu, Zhao Yulin. “How China Move Out from the Predicament of S＆T Innovation?”. Studies in Science of Science. 2021,(01):129-138.
Mengyun Li, Li Liao, Zhengwei Wang. “Research on the Impact of Entrepreneurship on Economic Growth”. China Journal of Economics. 2021,8(01):1-28.
Li Liao, Zhong Chu, Weiqiang Zhang. “Quantitative Analysis of Financial Literacy and Activities of Chinese Residents”. The Journal of Quantitative & Technical Economics. 2021,(7):43-64.
Li Liao, Xiangbo Cui, Qiong Sun. “The Information Content of Alternative Data: Evidence from E-commerce Sales”. Management World. 2021,37(09),90-104.
Li Liao, Xincheng Wang, Zhengwei Wang, Jinyan Zhang. “Factors Affecting Online Celebrities’ Tips”. Journal of Financial Research. 2021,(08):138-151.
Zhengwei Wang, Xincheng Wang. “Trust and Donation: The Role of Social Network in Donation-based Crowdfunding”. Management World. 2021,37(03):34-50+4-7.
Zhengwei Wang, Geng Li. “The Imperial Examination System Tradition and Household Stock Market Participation”. China Journal of Economics. 2021,8(03):93-118.
Jifang Dou, Jing Jiang, Baiyin Yang, Tan Wang. “感知到组织支持就会建言吗？——一个被调节的中介模型”. Enterprise Economy. 2021,40(02):113-123.
Liuxing Cao, Ximing He, Jifang Dou. “The Practice of Ideological and Political Construction from the Perspective of Emerging Engineering: Thematic General Writing Course Design Targeting Science and Engineering Undergraduates”. Research in Higher Education of Engineering. 2021,(01):24-30.
Ming Wang, Yuxin Lan, Hao Gao, Mai Shi. “The Third Distribution: The Upgrading of Wealth and its Distribution Mechanism”. Chinese Public Administration. 2021,(12):19-27.
Lina Zhu, Xiaogang He, Hao Gao. “Policy Uncertainty and Firms’ Non-Market Strategy”. Management Review. 2021,33(10):273-288.
Yulin Zhao, Chao Liu, Junjian Gu. “The Effect of R&D Investment Structure on High-Quality Innovation”. Forum on Science and Technology in China. 2021,(01):55-64.
Wang Chongjin, Yang Yi, Gu Junjian. “Can Resident Village Assistance of the First Secretary”. Journal of Finance and Economics. 2021,(03):110-124.
Jiandong Ju, Xiaomei Lan. “Problems and Improvement of Cross-Border Financing Management in China”. Finance Forum. 2021,(02):3-7.
Jiandong Ju, Xiaoyan Wang, Xin Li, Jianghuai Hou. “Impact of Sino-US Tariff Dispute on Trade Balance, Terms of Trade and Trade Structure”. International Economic Review. 2021,(02):71-92.
Xiaoyan Wang, Xin Li, Jiandong Ju. “The Impact of Increasing Sino-US Tariffs: A Literature Review”. Journal of Shanghai University of International Business and Economics. 2021,(03):36-48.
Xu Zhan, Sheng Sisi, Gu Fenling. “Key Audit Matters, Risk Perception, and Cost of Equity Capital”. Financial Economics Research. 2021,36(5):133-147.
Chao Tang. “Research on the Spillover Level of Global Economic Policy Uncertainty”. Statistics & Decision. 2021,37(04):108-113.
Zhaojun Huang, Xuan Tian. “The Real Impact of Internet Penetration on Financial Market Efficiency: From a Global Perspective”. China Journal of Econometrics. 2021,(01):541-559.
Xian Wang. “不动产投资信托（REITs）监管成本与制度完善——基于欧美制度比较的视角”. Financial Regulation Research. 2021(2):1-16.
Jiajia Li, Zhengwei Wang. “基于区块链技术的供应链金融应用模式、风险挑战与政策建议”. New Finance. 2021,(01):pp.48-55.
Jie Jiang, Zhengwei Wang, Xinyu Gong. “Multi-dimensinoal Empirical Study of Information Transparency and Stock Price Crash Risk”. Research on Economics and Management. 2021,42(02):53-65.
Zhu Min, Xu Zhongxiang. “The Impact of the China US Trade Tensions on China’s Stock Market”. Studies of International Finance. 2021,(04): 3-12.
Chengjiu Zhang, Huaqiang Wu, Guowei Cai, Zhongxin Xu. “Research on the Information Dissemination Mechanism of Stock Price Fluctuation: From the Perspective of Media Reportage and Analysts' Forecas”. South China Journal of Economics. 2021,(11):122-136.
Guanping Zhou, Hao Zhou, Hao Wang. “Mixed-ownership Reform and Performance Improvement of State-owned Enterprises –Re-estimation based on Definition Correction and PSM, DID and IV methods”. Economist. 2021,(04):80-90.
