2023 China Financial Research Conference (CFRC2023)

Beijing, China

All times below are in Beijing

 

Summary of All Sessions

#Date/TimeTitle/LocationPapers
1June 30, 2023
18:30-20:30
Conference Reception (Note: All times in the program refer to Beijing Time UTC/GMT+8)

    Location: Multi-Function Hall, 4/F, Wenjin Hotel

0
2July 1, 2023
8:30-10:15
Behavioral Finance

    Location: 1-100

3
3July 1, 2023
8:30-10:15
Corporate Finance

    Location: 1-200

3
4July 1, 2023
8:30-10:15
Macro-Finance

    Location: 1-303

3
5July 1, 2023
10:30-12:15
Behavioral Finance - Investor Behaviors

    Location: 1-100

3
6July 1, 2023
10:30-12:15
Law and Culture

    Location: 1-200

3
7July 1, 2023
10:30-12:15
资本市场 (Chinese Session)

    Location: 1-303

3
8July 1, 2023
13:00-14:00
Keynote Speech (Wei Jiang, Emory University) and Best Paper Awards

    Location: 3-300

0
9July 1, 2023
14:15-16:00
Cross-Sectional Return Predictability

    Location: 1-100

3
10July 1, 2023
14:15-16:00
Corporate Governance

    Location: 1-200

3
11July 1, 2023
14:15-16:00
Banking

    Location: 1-303

3
12July 1, 2023
16:15-18:00
Behavioral Finance - Expectations

    Location: 1-100

3
13July 1, 2023
16:15-18:00
Labor Finance

    Location: 1-200

3
14July 1, 2023
16:15-18:00
金融中介 (Chinese Session)

    Location: 1-303

3
15July 2, 2023
8:30-10:15
Empirical Asset Pricing

    Location: 1-100

3
16July 2, 2023
8:30-10:15
Climate Policies and Transition Risk

    Location: 1-200

3
17July 2, 2023
8:30-10:15
Financial Intermediation: Theory

    Location: 1-303

3
18July 2, 2023
10:30-12:15
Corporate Theory

    Location: 1-100

3
19July 2, 2023
10:30-12:15
ESG

    Location: 1-200

3
20July 2, 2023
10:30-12:15
公司金融 (Chinese Session)

    Location: 1-303

3
21July 2, 2023
13:00-14:45
Big Data, AI and Crypto

    Location: 1-100

3
22July 2, 2023
13:00-14:45
Innovation

    Location: 1-200

3
23July 2, 2023
13:00-14:45
International Trade and Finance

    Location: 1-303

3
24July 2, 2023
15:00-16:45
Capital Market Opening

    Location: 1-100

3
25July 2, 2023
15:00-16:45
Digital Development and Transformation

    Location: 1-200

3
 

25 sessions, 69 papers, and 0 presentations with no associated papers


 

2023 China Financial Research Conference (CFRC2023)

Detailed List of Sessions

 
Session 1: Conference Reception (Note: All times in the program refer to Beijing Time UTC/GMT+8)
June 30, 2023 18:30 to 20:30
Location: Multi-Function Hall, 4/F, Wenjin Hotel
 
 
Session 2: Behavioral Finance
July 1, 2023 8:30 to 10:15
Location: 1-100
 
Session Chair: Wenlan Qian, National University of Singapore
 

Daily Momentum and New Investors in an Emerging Stock Market
By Zhenyu Gao; The Chinese University of Hong Kong
Wenxi Jiang; The Chinese University of Hong Kong
Wei A. Xiong; Shenzhen Stock Exchange
Wei Xiong; Princeton University
   presented by: Wenxi Jiang, The Chinese University of Hong Kong
   Discussant:   Xiaomeng Lu, FISF, Fudan University
 

Memory and Beliefs in Financial Markets: A Machine Learning Approach
By Zhongtian Chen; University of Pennsylvania
Jiyuan Huang; University of Zurich
   presented by: Jiyuan Huang, University of Zurich
   Discussant:   Hongjun Yan, DePaul University
 

Attention Constraints and Financial Inclusion
By Bo Huang; Renmin University of China
Jiacui Li; University of Utah
Tse-Chun Lin; The University of Hong Kong
Mingzhu Tai; The University of Hong Kong
Yiyuan Zhou; The University of Hong Kong
   presented by: Mingzhu Tai, The University of Hong Kong
   Discussant:   Xintong Zhan, Fudan University
 
Session 3: Corporate Finance
July 1, 2023 8:30 to 10:15
Location: 1-200
 
Session Chair: Yuehua Tang, University of Florida
 

The Real Impact of An Efficient Taxation System
By Shaoqing Kang; Shanghai Jiao Tong University
Wenfeng Wu; Shanghai Jiao Tong University
Jing Xing; Shanghai Jiao Tong University
Xiaoyang Zhao; Shanghai University of Finance and Economics
   presented by: Shaoqing Kang, Shanghai Jiao Tong University
   Discussant:   Da Tian, Nankai University
 

Monitoring Fintech Firms: Evidence from the Collapse of Peer-to-Peer Lending Platforms
By Xiao Chen; South China Agricultural University
Maggie Hu; The Chinese University of Hong Kong
Bohui Zhang; The Chinese University of Hong Kong, Shenzhen
   presented by: Maggie Hu, The Chinese University of Hong Kong
   Discussant:   Tao Li, University of Florida
 

What Gets Measured Gets Managed: Investment and the Cost of Capital
By Zhiguo He; University of Chicago
Guanmin Liao; Renmin University of China
Baolian Wang; University of Florida
   presented by: Baolian Wang, University of Florida
   Discussant:   Jacopo Ponticelli, Northwestern University
 
Session 4: Macro-Finance
July 1, 2023 8:30 to 10:15
Location: 1-303
 
Session Chair: Feng Dong, School of Economics and Management Tsinghua University
 

Turbulent Business Cycles
By Ding Dong; The Hong Kong University of Science and Technology
Zheng Liu; Federal Reserve Bank of San Francisco
Pengfei Wang; Peking University
   presented by: Ding Dong, The Hong Kong University of Science and Technology
   Discussant:   Fuyang Zhao, Central University of Finance and Economics
 

Measuring Monetary Policy Under the Evolution of Monetary Policy Framework in China
By Ping An; The People's Bank of China
Ji Zhang; Tsinghua University
   presented by: Ji Zhang, Tsinghua University
   Discussant:   Dongzhou Mei, Central University of Finance and Economics
 

A p Theory of Government Debt, Taxes, and Inflation
By Wei Jiang; The Hong Kong University of Science and Technology
Thomas Sargent; New York University
Neng Wang; Columbia University
Jinqiang Yang; Shanghai University of Finance and Economics
   presented by: Wei Jiang, The Hong Kong University of Science and Technology
   Discussant:   Guang Yang, Nankai University
 
Session 5: Behavioral Finance - Investor Behaviors
July 1, 2023 10:30 to 12:15
Location: 1-100
 
Session Chair: Qi Liu, Peking University
 

Stakes and Investor Behaviors
By Pengfei Sui; The Chinese University of Hong Kong, Shenzhen
Baolian Wang; University of Florida
   presented by: Pengfei Sui, The Chinese University of Hong Kong, Shenzhen
   Discussant:   Conghui Hu, Beijing Normal University
 

Beyond Performance: The Financial Education Role of Robo-Advising
By Rubin Hao; University of Macau
Conghui Hu; Beijing Normal University
Yixuan Wang; Ant Group
Xin Xu; Guangdong University of Finance and Economics
Yu Zhang; Ant Group
   presented by: Rubin Hao, University of Macau
   Discussant:   Jiajun Jiang, Fudan University
 

How Does Farming Culture Shape Households’ Risk-taking Behavior?
By Sipeng Zeng; Shanghai Jiao Tong University
Frank Yu; China Europe International Business School
   presented by: Sipeng Zeng, Shanghai Jiao Tong University
   Discussant:   Jiayin Hu, Peking University
 
Session 6: Law and Culture
July 1, 2023 10:30 to 12:15
Location: 1-200
 
Session Chair: Chaopeng Wu, Xiamen University
 

Does Culture Matter in Corporate Cash Holdings?
By Yongning Deng; The University of Hong Kong
   presented by: Yongning Deng, The University of Hong Kong
   Discussant:   Yiqing Lv, New York University Shanghai
 

The Cultural Origins of Family Firms
By Jian Xie; The University of Warwick
Song Yuan; Zhejiang University and CAGE Warwick
   presented by: Song Yuan, Zhejiang University and CAGE Warwick
   Discussant:   Mai Li, Guanghua School of Management, Peking University
 

Expropriation Risk and Investment: A Natural Experiment
By Siddharth Bhambhwani; Washington College
Hui Dong; Shanghai University of Finance and Economics
Allen Huang; The Hong Kong University of Science and Technology
   presented by: Hui Dong, Shanghai University of Finance and Economics
   Discussant:   Jia He, Nankai University
 
Session 7: 资本市场 (Chinese Session)
July 1, 2023 10:30 to 12:15
Location: 1-303
 
Session Chair: Xueyong Zhang, Central University of Finance and Economics
 

公告溢价效应与资产定价:文本机器学习视角
By Guohao Tang; Hunan University
Lin Zhu; Hunan University
Shicheng Chen; Hunan University
   presented by: Lin Zhu, Hunan University
   Discussant:   Hui Bu, Beihang University
 

网络安全治理与股价崩盘风险——基于上市公司年报文本分析的证据
By Hui Wang; Central University of Finance and Economics
Dongxin He; Central University of Finance and Economics
Xu Chen; Chinese Academy of Fiscal Sciences
Fuwei Jiang; Central University of Finance and Economics
   presented by: Hui Wang, Central University of Finance and Economics
   Discussant:   Honghai Yu, Nanjing University
 

债务协商、再融资风险与信用债定价:来自中国债券市场的证据
By Bibo Liu; Tsinghua University
Zhan Shi; Tsinghua University
Yanyi Ye; Beijing University of Chemical Technology
   presented by: Zhan Shi, Tsinghua University
   Discussant:   Xu Feng, Tianjin University
 
Session 8: Keynote Speech (Wei Jiang, Emory University) and Best Paper Awards
July 1, 2023 13:00 to 14:00
Location: 3-300
 
 
Session 9: Cross-Sectional Return Predictability
July 1, 2023 14:15 to 16:00
Location: 1-100
 
Session Chair: Fuwei Jiang, Central University of Finance and Economics
 

News Links and Predictable Returns
By Huaixin Wang; Tsinghua University
   presented by: Huaixin Wang, Tsinghua University
   Discussant:   Qiuhua Xu, Southwestern University of Finance and Economics
 

Firm Connection and Equity Return Predictability – Evidence from China
By Mian Wu; University of Nottingham Ningbo China
Wenli Huang; Zhejiang Universuty of Finance and Economics
Xiaoquan Liu; University of Nottingham Ningbo China
Qingxing Meng; University of Nottingham Ningbo China
   presented by: Mian Wu, University of Nottingham Ningbo China
   Discussant:   Fuwei Jiang, Central University of Finance and Economics
 

An “Online” Growth Premium: What Does Daily Online Sales Growth Say About Retail Investors' Behavior and Stock Returns?
By Yuecheng Jia; Central University of Finance and Economics
Yangru Wu; Rutgers University
Hongyu Zhang; Central University of Finance and Economics
   presented by: Yuecheng Jia, Central University of Finance and Economics
   Discussant:   Xiaoran Ni, Xiamen University
 
Session 10: Corporate Governance
July 1, 2023 14:15 to 16:00
Location: 1-200
 
Session Chair: Tao Shu, The Chinese University of Hong Kong, Shenzhen
 

Minority Shareholder Activism and Corporate Dividend Policy: Evidence from China
By Han Han; Peking University
Zhibin Wang; Peking University
   presented by: Zhibin Wang, Peking University
   Discussant:   Fangyuan Ma, Peking University
 

The Employment Consequences of Earnings Management: Evidence from Audit Firm Mergers in China
By Zhiqian Jiang; Xiamen University
Chaopeng Wu; Xiamen University
Zehao Yan; Xiamen University
   presented by: Zhiqian Jiang, Xiamen University
   Discussant:   Rui Shen, The Chinese University of Hong Kong, Shenzhen
 

Does Digitalization Widen Labor Income Inequality?
By Jilei Huang; Shandong University
Yi Sun; University of Chinese Academy of Sciences
Liyan Yang; University of Toronto
   presented by: Yi Sun, University of Chinese Academy of Sciences
   Discussant:   Guangli Lu, The Chinese University of Hong Kong, Shenzhen
 
Session 11: Banking
July 1, 2023 14:15 to 16:00
Location: 1-303
 
Session Chair: Jinfan Zhang, The Chinese University of Hong Kong, Shenzhen
 

Modern Banking Development during Natural Disasters: Evidence from the Early 20th Century China
By Yang Cai; Renmin University of China
Dongxu Li; Xiamen University
   presented by: Dongxu Li, Xiamen University
   Discussant:   Meng Miao, Renmin University of China
 

Transmission of Quantity-based Monetary Policy through Heterogeneous Banks in China
By Dan Luo; The Chinese University of Hong Kong
Michael Weber; University of Chicago
Zhishu Yang; Tsinghua University
Qi Zhang; Shanghai Jiao Tong University
   presented by: Dan Luo, The Chinese University of Hong Kong
   Discussant:   Zehao Liu, Renmin University of China
 

The Impact of Banking Innovations: Evidence from China and Welfare Implications
By Yicheng Wang; Peking University
Zhiwei Xu; Peking University
Weimin Zhou; Peking University
   presented by: Yicheng Wang, Peking University
   Discussant:   Bo Li, Tsinghua University
 
Session 12: Behavioral Finance - Expectations
July 1, 2023 16:15 to 18:00
Location: 1-100
 
Session Chair: Li An, Tsinghua University
 

Investor Memory and Biased Beliefs: Evidence from the Field
By Zhengyang Jiang; Northwestern University and NBER
Hongqi Liu; The Chinese University of Hong Kong, Shenzhen
Cameron Peng; The London School of Economics and Political Science
Hongjun Yan; DePaul University
   presented by: Hongqi Liu, The Chinese University of Hong Kong, Shenzhen
   Discussant:   Hongye Guo, The University of Hong Kong
 

Extrapolative Beliefs and Financial Decisions: Causal Evidence from Renewable Energy Financing
By Li An; Tsinghua University
Yinghao Pan; Renmin University of China
Yu Qin; National University of Singapore
   presented by: Li An, Tsinghua University
   Discussant:   Shumiao Ouyang, University of Oxford
 

Over/Under-reaction and Judgment Noise in Expectations Formation
By Junyi Liao; The London School of Economics and Political Science
   presented by: Junyi Liao, The London School of Economics and Political Science
   Discussant:   Xiaomeng Lu, FISF, Fudan University
 
Session 13: Labor Finance
July 1, 2023 16:15 to 18:00
Location: 1-200
 
Session Chair: Bibo Liu, Tsinghua University
 

How Does Declining Worker Power Affect Investment Sensitivity to Minimum Wage?
By Sreedhar Bharath; Arizona State University
DuckKi Cho; Peking University
Michael Hertzel; Arizona State University
   presented by: DuckKi Cho, Peking University
   Discussant:   Haoyu Gao, Renmin University of China
 

State-owned Enterprises and Labor Unrest: Evidence from China
By Jiaxing You; Xiamen University
Bohui Zhang; The Chinese University of Hong Kong, Shenzhen
Haikun Zhu; Erasmus University Rotterdam
   presented by: Haikun Zhu, Erasmus University Rotterdam/CEIBS
   Discussant:   Yichu Wang, PBCSF, Tsinghua University
 

Credit Reallocation Effects of the Minimum Wage
By Tse-Chun Lin; The University of Hong Kong
Xiaoran Ni; Xiamen University
Yuchao Peng; Central University of Finance and Economics
   presented by: Xiaoran Ni, Xiamen University
   Discussant:   Yabo Zhao, Chinese University of Hong Kong, Shenzhen
 
Session 14: 金融中介 (Chinese Session)
July 1, 2023 16:15 to 18:00
Location: 1-303
 
Session Chair: Nianhang Xu, School of Business, Renmin University of China
 

中国新基金发行之谜和投资者保护
By Jinfan Zhang; The Chinese University of Hong Kong, Shenzhen
Shuai Ye; The Chinese University of Hong Kong, Shenzhen
Kaixuan Zheng; The Chinese University of Hong Kong, Shenzhen
   presented by: Shuai Ye, The Chinese University of Hong Kong, Shenzhen
   Discussant:   Xintong Zhan, Fudan University
 

中小企业融资、银行信息积累与激励政策创新
By Yonghua Zhu; Peking University
Yilin Zhang; Sun Yat-sen University
Justin Yifu Lin; Peking university
   presented by: Yonghua Zhu, Peking University
   Discussant:   Jun Chen, Renmin University of China
 

“言行一致”还是“言行不一”?——基于基金持股的中国公募基金 ESG表现研究
By Honghai Yu; Nanjing University
Siyu Fan; Nanjing University
Jinglei Xu; Nanjing University
Dongmin Kong; Huazhong University of Science and Technology
   presented by: Honghai Yu, Nanjing University
   Discussant:   Rongrong Xie, Central University of Finance and Economics
 
Session 15: Empirical Asset Pricing
July 2, 2023 8:30 to 10:15
Location: 1-100
 
Session Chair: Kai Li, Peking University
 

Collateral Constraints and Asset Prices: Evidence from Structured Funds
By Wei Li; East China Normal University
Yongqin Wang; Fudan University
   presented by: Wei Li, East China Normal University
   Discussant:   Zhuo Chen, Tsinghua University
 

Managerial Risk Assessment and Fund Performance: Evidence from Textual Disclosure
By Sean Cao; University of Maryland
Baozhong Yang; Georgia State University
Alan Zhang; Florida International University
   presented by: Alan Zhang, Florida International University
   Discussant:   Xiaowen Hu, Southern Methodist University
 

Franchise Value, Tobin's Q, and Markups
By Wan-Chien Chiu; Tsing Hua University (Hsinchu)
Ravi Jagannathan; Northwestern University
Kevin Tseng; Taiwan University
   presented by: Kevin Tseng, Taiwan University
   Discussant:   Ding Luo, City University of Hong Kong
 
Session 16: Climate Policies and Transition Risk
July 2, 2023 8:30 to 10:15
Location: 1-200
 
Session Chair: Shujing Wang, Tongji University
 

The Effects of Environmental Policy on Industrial Pollution: A Supply Chain Perspective
By Hong Ru; Nanyang Technological University
Endong Yang; University of Macau
Kunru Zou; Renmin University of China
   presented by: Kunru Zou, Renmin University of China
   Discussant:   Chenyu Shan, Shanghai University of Finance and Economics
 

Global vs. Local ESG Ratings: Evidence from China
By Jeff Zeyun Chen; Texas Christian University
Zengquan Li; Shanghai University of Finance and Economics
Ting Mao; The Chinese University of Hong Kong
Aaron Yoon; Northwestern University
   presented by: Aaron Yoon, Northwestern University
   Discussant:   Ke Wu, Renmin University of China School of Finance
 

Environmentally Inclined Politicians and Local Environmental Performance: Evidence from Publicly Listed Firms in China
By Hanming Fang; University of Pennsylvania
Honglin Ren; Renmin University of China
Danwen Song; Renmin University of China
Nianhang Xu; Renmin University of China
   presented by: Honglin Ren, Renmin University of China
   Discussant:   Kuo Zhang, Shanghai Jiao Tong University
 
Session 17: Financial Intermediation: Theory
July 2, 2023 8:30 to 10:15
Location: 1-303
 
Session Chair: Yue Yuan, Tsinghua University
 

Bank Stress Tests: Frequency vs. Strength
By Deepal Basak; Indiana University
Mayur Choudhary; London Business School
Zhen Zhou; Tsinghua University
   presented by: Zhen Zhou, Tsinghua University
   Discussant:   Junyuan Zou, INSEAD
 

Shadow Banking: An Expedient Solution to Government Short-Termism
By Jinfan Zhang; The Chinese University of Hong Kong, Shenzhen
Zehao Liu; Renmin University of China
Ting Yang; North China University of Technology
   presented by: Zehao Liu, Renmin University of China
   Discussant:   Dan Luo, The Chinese University of Hong Kong
 

The Economics of Mutual Fund Marketing
By Jane Chen; The London School of Economics and Political Science
Wenxi Jiang; The Chinese University of Hong Kong
Mindy Xiaolan; The University of Texas at Austin
   presented by: Wenxi Jiang, The Chinese University of Hong Kong
   Discussant:   Kelsey Wei, The University of Texas at Dallas
 
Session 18: Corporate Theory
July 2, 2023 10:30 to 12:15
Location: 1-100
 
Session Chair: Erica Li, Cheung Kong Graduate School of Business
 

Managerial Career Concerns and Informational Feedback Effects: Theory and Evidence
By Huining Dong; Peking University
Qi Liu; Peking University
Bo Sun; University of Virginia
Zheng Zhang; Peking University
   presented by: Qi Liu, Peking University
   Discussant:   Zhao Jin, Cheung Kong Graduate School of Business
 

Consumption-led Industrial Upgrading
By Xuewen Liu; The University of Hong Kong
Sichuang Xu; The Chinese University of Hong Kong, Shenzhen
   presented by: Xuewen Liu, The University of Hong Kong
   Discussant:   Dan Su, Cheung Kong Graduate School of Business
 

Financial Leasing and Capital Allocation Efficiency in China
By Kai Li; Peking University
Yuan Wang; Peking University
   presented by: Kai Li, Peking University
   Discussant:   Gang Zhang, Cheung Kong Graduate School of Business
 
Session 19: ESG
July 2, 2023 10:30 to 12:15
Location: 1-200
 
Session Chair: Kenneth Kim, Tongji University
 

Personalized Pricing, Network Effects, and Corporate Social Responsibility
By Yan Xiong; The Hong Kong University of Science and Technology
Liyan Yang; University of Toronto
   presented by: Yan Xiong, The Hong Kong University of Science and Technology
   Discussant:   Haibo Xu, Tongji University
 

Employment Effect of Mandatory CSR Disclosure: Evidence from China
By Charles Hsu; The Hong Kong University of Science and Technology
Chaopeng Wu; Xiamen University
Nanzhi Xue; Donghua University
Daniel Yang; The Hong Kong University of Science and Technology
   presented by: Nanzhi Xue, Donghua University
   Discussant:   Yichuan Hu, Tongji University
 

The Propagation of ESG Practices through Multinational Companies
By Xiaoxue Hu; Xiamen University
Dongxu Li; Xiamen University
Rose Liao; Rutgers University
   presented by: Dongxu Li, Xiamen University
   Discussant:   Jing Ding, Harbin Institute of Technology
 
Session 20: 公司金融 (Chinese Session)
July 2, 2023 10:30 to 12:15
Location: 1-303
 
Session Chair: Yuchao Peng, Central University of Finance and Economics
 

新药审批制度改革促进生物医药企业创新了吗?——基于专利和上市公司的实证研究
By Haonan He; Peking University
Laura Xiaolei Liu; Peking University
Pengfei Han; Peking University
Dan Wang; Johnson & Johnson (CHINA) Investment Ltd.
   presented by: Haonan He, Peking University
   Discussant:   Xun Zhang, Beijing Normal University
 

地方政府债务扩张与企业商业信用供给
By Yuhui Wu; Xiamen University
Yifan Mo; Xiamen University
   presented by: Yifan Mo, Xiamen University
   Discussant:   Chong Liu, Shanghai University of Finance and Economics
 

政府债务资本注入和实体经济杠杆率——基于债务结构与资金用途的视角
By Xiaoqian Zhang; Zhejiang University
Ronghua Luo; Southwestern University of Finance and Economics
Zhiwei Wang; Zhejiang University
   presented by: Xiaoqian Zhang, Zhejiang University
   Discussant:   Feifei Zhu, Central University of Finance and Economics
 
Session 21: Big Data, AI and Crypto
July 2, 2023 13:00 to 14:45
Location: 1-100
 
Session Chair: Danxia Xie, Tsinghua University
 

Investments and Innovation with Non-Rival Inputs: Evidence from Chinese Artificial Intelligence Startups
By Jian Xie; University of Warwick
Kang Zhou; Zhejiang University
   presented by: Jian Xie, University of Warwick
   Discussant:   Longtian Zhang, Central University of Finance and Economics
 

The Information Content of Corporate Disclosure Via Wechat Public Account
By Ying Li; Nanjing Audit University
Tao Yuan; Nanjing University
   presented by: Tao Yuan, Nanjing University
   Discussant:   Wu Zhu, Tsinghua University
 

In Search of Cryptocurrency Failure
By Donglian Ma; The Hong Kong Polytechnic University
Jun Tu; Singapore Management University
Zhaobo Zhu; Shenzhen University
   presented by: Zhaobo Zhu, Shenzhen University
   Discussant:   Dandan Zhao, Zhongnan University of Economics and Law
 
Session 22: Innovation
July 2, 2023 13:00 to 14:45
Location: 1-200
 
Session Chair: Xiaoyun Yu, Shanghai Jiao Tong University
 

Market-Based Innovation Policy: Evidence from High-Tech Incubators in China
By Yue Pan; Xiamen University
Tao Shu; The Chinese University of Hong Kong, Shenzhen
Vincent Yao; Georgia State University
Pengdong Zhang; Sun Yat-sen University
   presented by: Tao Shu, The Chinese University of Hong Kong, Shenzhen
   Discussant:   Xuyuanda Qi, New York University Shanghai
 

An Innovation “Puzzle” in China: Does Knowledge Inflow After the Trade War Matters?
By Yuankun Li; Tsinghua University
Xun Li; Wuhan University
Zhen Yu; Wuhan University
   presented by: Yuankun Li, Tsinghua University
   Discussant:   Eyub Yegen, The Hong Kong University of Science and Technology
 

Financing Innovation with Innovation
By Zhiyuan Chen; Renmin University of China
Minjie Deng; Simon Fraser University
Min Fang; University of Florida
   presented by: Zhiyuan Chen, Renmin University of China
   Discussant:   Erica Li, Cheung Kong Graduate School of Business
 
Session 23: International Trade and Finance
July 2, 2023 13:00 to 14:45
Location: 1-303
 
Session Chair: Ji Zhang, Tsinghua University
 

Production, Trade, and Cross-Border Data Flows
By Qing Chang; Central University of Finance and Economics
Lin William Cong; Cornell University
Liyong Wang; Central University of Finance and Economics
Longtian Zhang; Central University of Finance and Economics
   presented by: Qing Chang, Central University of Finance and Economics
   Discussant:   Zhongchao Yang, Wuhan University
 

US-China Tension
By John Rogers; Fudan University
Bo Sun; University of Virginia
Tony Sun; Federal Reserve Board
   presented by: Bo Sun, University of Virginia
   Discussant:   Dun Jia, Peking University
 

The Regime-Switching Policy for the RMB
By Sihao Chen; Fudan University
Shi Qiu; Fudan University
   presented by: Sihao Chen, Fudan University
   Discussant:   Wenbin Wu, Fudan University
 
Session 24: Capital Market Opening
July 2, 2023 15:00 to 16:45
Location: 1-100
 
Session Chair: Dragon Yongjun Tang, The University of Hong Kong
 

From Wall Street to Hong Kong: The Value of Dual Listing for China Concept Stocks
By Zhuo Chen; Tsinghua University
Grace Xing Hu; Tsinghua University
Ziqiong Xi; Tsinghua University
Xiaoquan Zhu; University of International Business and Economics
   presented by: Grace Xing Hu, Tsinghua University
   Discussant:   Chenyu Shan, Shanghai University of Finance and Economics
 

Revisiting A-H Premium under China Stock Connect: Roles of Domestic and Foreign Demand
By Yinghua Fan; City University of Hong Kong
Guanhao Feng; City University of Hong Kong
Dashan Huang; Singapore Management University
   presented by: Dashan Huang, Singapore Management University
   Discussant:   Chang Ma, Fudan University
 

The China-U.S. Equity Valuation Gap
By Geert Bekaert; Columbia University
Shuojia Ke; Tsinghua University
Xue Wang; Tsinghua University
Xiaoyan Zhang; Tsinghua University
   presented by: Xue Wang, Tsinghua University
   Discussant:   Sarah Qian Wang, University of Warwick
 
Session 25: Digital Development and Transformation
July 2, 2023 15:00 to 16:45
Location: 1-200
 
Session Chair: Zhuo Huang, Peking University
 

SMEs Amidst the Pandemic and Reopening: Digital Edge and Transformation
By Lin William Cong; Cornell University
Xiaohan Yang; Peking University
Xiaobo Zhang; Peking University and IFPRI
   presented by: Xiaohan Yang, Peking University
   Discussant:   Jiayin Hu, Peking University
 

Cloud Infrastructure, Industry Dynamics and Competition: Evidence from China
By Yao Lu; Tsinghua University
Gordon Phillips; Dartmouth College and NBER
Jia Yang; Tsinghua University
   presented by: Jia Yang, Tsinghua University
   Discussant:   Jianwei Xing, Peking University
 

Cyber Income Inequality
By Li Liao; Tsinghua University
Chen Lin; The University of Hong Kong
Lu Liu; Tsinghua University
Xincheng Wang; The University of Hong Kong
Yang You; The University of Hong Kong
   presented by: Lu Liu, Tsinghua University
   Discussant:   Xun Zhang, Beijing Normal University

This program was last updated on 2023-06-30 00:13:47 EDT