Publications

Journal Article: 

The real effects of corruption on M&A flows: Evidence from China's anti-corruption campaign with Chenghao Huang, Zhi Jin, and Eliza Wu at Journal of Banking and Finance, Volume 150, 2023, 106815.

Allocative efficiency of internal capital markets: Evidence from equity carve-outs by diversified firms with Sudi Sudarsanam and Valeriya Vitkova at International Review of Financial Analysis, Volume 86, 2023, 102500.  

Case Study:

“JHDC: The Green Footprint in Electricity Energy Exploitation” with Wenjun Xiong, Yanjin Zhu, Dan Ma, and Yuanyuan Qian, at Ivey Publishing, accepted.  

Working Papers

1. “Political Connection and Corporate Litigation: Evidence from a Quasi-Natural Experiment” with Chenghao Huang and Xingchen Zhu 

Presented at CICF, AFA Ph.D. Poster Session, FMA, FMA Europe, AsianFA, IFABS, International Young Finance Conference, UIBE (Finance), SWUFE (Law)

2. “The Spillover Effects of Hostile Takeovers: Evidence from a Quasi-Natural Experiment” with Xingchen Zhu

Presented at Baruch-SWUFE Research Symposium, Washington (Foster), Wyoming, Bayes Business School 

3. “Mere Words Matter: Labelling Effects in the Financial Market” with Shenghao Gao, Jenny Guan, and Xinyu Li

4. “Carbon Liability Risk, Investment Horizon, and Corporate Green Policies: Evidence from China’s National ETS” with Chuyuan Liu, Valyeria Vitkova, and Xingchen Zhu

Presented at Paris Financial Management Conference, China Accounting and Finance Conference, EFMA (scheduled), FMA Europe (scheduled) 

5. “New Venture Financing and Machine Predictions” with Jinxing Hao and Xingchen Zhu

Presented at Ningbo Blockchain Research Lab 

6. “Cross-border Buyout Performance”, R&R requested

Presented at FMA, Young Finance Scholar Conference, Manchester, Bayes Business School 

7. “Stock Repurchase and Stock Price Crash Risk” with Chenghao Huang 

8. “Natural Disaster Experience and the Cost of Raising Capital: Evidence from Seasoned Equity Offerings” with Shenghao Gao, Jenny Guan, and Qi Zhang 

9. "The Heart Wants What It Wants: Local Bias and Seasoned Equity Offerings Bidding" with Jinxing Hao, Qian Sun, and Qi Zhang 

Work-in-Progress

“The Environmental Externalities of Subway Expansion”

"Board Reform and Accounting Conservatism" 

"The Anatomy of Inventor Mobility"

"The State Controlling Shareholder Interests and Corporate Environmental Policies"