2024 China Financial Research Conference

Beijing, China

All times below are in Beijing

 

Summary of All Sessions

#Date/TimeTitle/LocationPapers
1July 5, 2024
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 6, 2024
8:30-10:15
Behavioral Asset Pricing

    Location: 1-100

3
3July 6, 2024
8:30-10:15
Industrial Competition

    Location: 1-200

3
4July 6, 2024
8:30-10:15
Market Microstructure

    Location: 1-306

3
5July 6, 2024
10:30-12:15
Empirical Asset Pricing

    Location: 1-100

3
6July 6, 2024
10:30-12:15
Corporate Governance and Law

    Location: 1-200

3
7July 6, 2024
10:30-12:15
Fixed Income and Currencies

    Location: 1-306

3
8July 6, 2024
13:30-15:15
Return Anomalies

    Location: 1-100

3
9July 6, 2024
13:30-15:15
Banking and Banking Regulation

    Location: 1-200

3
10July 6, 2024
13:30-15:15
Financial Markets

    Location: 1-306

3
11July 6, 2024
15:30-17:15
Investor Behaviors

    Location: 1-100

3
12July 6, 2024
15:30-17:15
Banks and Financial Fragility

    Location: 1-200

3
13July 6, 2024
15:30-17:15
公司金融 (Chinese Session)

    Location: 1-306

3
14July 7, 2024
8:30-10:15
Behavioral Biases and Real Effects

    Location: 1-100

3
15July 7, 2024
8:30-10:15
Data Economy and Information Environment

    Location: 1-200

3
16July 7, 2024
8:30-10:15
Theory: Information and Finance

    Location: 1-306

3
17July 7, 2024
10:30-12:15
Fintech

    Location: 1-100

3
18July 7, 2024
10:30-12:15
Household Finance

    Location: 1-200

3
19July 7, 2024
10:30-12:15
Macro Finance

    Location: 1-306

3
20July 7, 2024
13:00-14:00
Dean's Speech (Jie Jiao, Tsinghua University), Keynote Speech (Shang-Jin Wei, Columbia University), and Best Paper Award Ceremony

    Location: 3-300

0
21July 7, 2024
14:15-16:00
ESG, Transition, and Labor

    Location: 1-100

3
22July 7, 2024
14:15-16:00
Housing Markets

    Location: 1-200

3
23July 7, 2024
14:15-16:00
资产定价 (Chinese Session)

    Location: 1-306

3
24July 7, 2024
16:15-18:00
Analyst Forecasts

    Location: 1-100

3
25July 7, 2024
16:15-18:00
Entrepreneurial Finance

    Location: 1-200

3
26July 7, 2024
16:15-18:00
Currency and Monetary Policy

    Location: 1-306

3
 

26 sessions, 72 papers, and 0 presentations with no associated papers


 

2024 China Financial Research Conference

Detailed List of Sessions

 
Session 1: Conference Reception (Note: All times in the program refer to Beijing Time UTC/GMT+8)
July 5, 2024 18:30 to 20:30
Location: Multi-Function Hall, 4/F, Wenjin Hotel
 
 
Session 2: Behavioral Asset Pricing
July 6, 2024 8:30 to 10:15
Location: 1-100
 
Session Chair: Wenxi Jiang, The Chinese University of Hong Kong
 

Speculative Financial Innovation
   By Henry Cao; Cheung Kong Graduate School of Business
   Hui Ou-Yang; Cheung Kong Graduate School of Business
   Dongyan Ye; Cheung Kong Graduate School of Business
   Xingtan Zhang; Cheung Kong Graduate School of Business
   Presented by: Xingtan Zhang, Cheung Kong Graduate School of Business
   Discussant:   Calvin Dun Jia, Peking University
 

Expert Network Calls
   By Sean Cao; The University of Maryland
   Clifton Green; Emory University
   Lijun Lei; The University of North Carolina at Greensboro
   Shaojun Zhang; The Ohio State University
   Presented by: Sean Cao, The University of Maryland
   Discussant:   Guanhao Feng, City University of Hong Kong
 

Do Investors Overvalue Startups? Evidence from the Junior Stakes of Mutual Funds
   By Vikas Agarwal; Georgia State University
   Brad Barber; University of California, Davis
   Si Cheng; Syracuse University
   Allaudeen Hameed; National University of Singapore
   Harshini Shanker; London Business School
   Ayako Yasuda; University of California, Davis
   Presented by: Si Cheng, Syracuse University
   Discussant:   Jing Zhao, The Hong Kong Polytechnic University
 
Session 3: Industrial Competition
July 6, 2024 8:30 to 10:15
Location: 1-200
 
Session Chair: Kai Li, Peking University
 

Spatial Competition with Online Platforms: An Empirical Analysis of the Wealth Management Product Market
   By Chao Ma; Xiamen University
   Shuoxun Zhang; Sichuan University
   Presented by: Shuoxun Zhang, Sichuan University
   Discussant:   Wei Li, University of International Business and Economics
 

Technology Adoption and Leapfrogging: Racing for Mobile Payments
   By Pengfei Han; Peking University
   Zhu Wang; Federal Reserve Bank of Richmond
   Presented by: Pengfei Han, Peking University
   Discussant:   Dan Su, Cheung Kong Graduate School of Business
 

What the Revitalization Plan Revitalizes? Zombies
   By Jie Li; Central University of Finance and Economics
   Jingjing Zhao; Central University of Finance and Economics
   Tianhang Zhou; Tsinghua University
   Presented by: Jingjing Zhao, Central University of Finance and Economics
   Discussant:   Mai Li, Peking University
 
Session 4: Market Microstructure
July 6, 2024 8:30 to 10:15
Location: 1-306
 
Session Chair: Liyan Yang, University of Toronto
 

The Effect of Frequent Disclosure on Price Informativeness and Cost of Capital in a Keynesian Beauty Contest Setting
   By Xu Jiang; Duke University
   Xu Wei; Central University of Finance and Economics
   Liyan Yang; University of Toronto
   Xueyong Zhang; Central University of Finance and Economics
   Presented by: Xu Wei, Central University of Finance and Economics
   Discussant:   Ming Yang, University College London
 

Dynamic Market Choice
   By Xian Wu; University of Wisconsin–Madison
   Presented by: Xian Wu, University of Wisconsin–Madison
   Discussant:   Zehao Liu, Renmin University of China
 

Designing Index Provision
   By Yizhou Xiao; The Chinese University of Hong Kong
   Yan Xiong; The Hong Kong University of Science and Technology
   Presented by: Yizhou Xiao, The Chinese University of Hong Kong
   Discussant:   Bart Zhou Yueshen, Singapore Management University
 
Session 5: Empirical Asset Pricing
July 6, 2024 10:30 to 12:15
Location: 1-100
 
Session Chair: Bing Han, University of Toronto
 

Earnings Management and Price Informativeness
   By Zhiguo He; Stanford University
   Wenxi Jiang; The Chinese University of Hong Kong
   Wei Xiong; Princeton University and NBER
   Presented by: Wenxi Jiang, The Chinese University of Hong Kong
   Discussant:   Jun Qian, Fudan University
 

Macro Announcement and Heterogeneous Investor Trading in Chinese Stock Market
   By Calvin Dun Jia; Peking University
   Lin Tan; Tsinghua University
   Xiaoyan Zhang; Tsinghua University
   Xinran Zhang; Central University of Finance and Economics
   Presented by: Lin Tan, Tsinghua University
   Discussant:   Shiyang Huang, The University of Hong Kong
 

The Pre-Announcement Drift in China: Government Meetings and Macro Announcements
   By Jun Pan; Shanghai Jiao Tong University
   Qing Peng; Shanghai Jiao Tong University
   Presented by: Qing Peng, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
   Discussant:   Chao Ying, The Chinese University of Hong Kong
 
Session 6: Corporate Governance and Law
July 6, 2024 10:30 to 12:15
Location: 1-200
 
Session Chair: Xiaoyun Yu, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
 

Sibling Co-management and Cost of Capital: Evidence from Chinese Listed Family Firms
   By Nianhang Xu; Renmin University of China
   Danwen Song; Renmin University of China
   Rongrong Xie; Central University of Finance and Economics
   Kam Chan; Shanghai Business School
   Presented by: Danwen Song, Renmin University of China
   Discussant:   Pengfei Ma, Singapore Management University
 

Shareholder Conflicts in the Boardroom: Blockholder-Appointed Directors’ Influence on Board Proposals and Voting
   By Ronald Masulis; The University of New South Wales
   James Qi Wang; The University of New South Wales
   Presented by: James Qi Wang, The University of New South Wales
   Discussant:   Guanmin Liao, Renmin University of China
 

Empowering through Courts: Court Capture and Municipal Financing in China
   By Jiayin Hu; Peking University
   Wenwei Peng; Harvard University
   Yang Su; The Chinese University of Hong Kong
   Presented by: Yang Su, The Chinese University of Hong Kong
   Discussant:   Naide Ye, Shanghai Jiao Tong University
 
Session 7: Fixed Income and Currencies
July 6, 2024 10:30 to 12:15
Location: 1-306
 
Session Chair: Yang Liu, The University of Hong Kong
 

The Trade Imbalance Network and Currency Returns
   By Ai Jun Hou; Stockholm University
   Lucio Sarno; University of Cambridge
   Xiaoxia Ye; University of Exeter
   Presented by: Xiaoxia Ye, University of Exeter
   Discussant:   Yaoyuan Zhang, The University of Hong Kong; The University of Manchester
 

Global Sales, International Currencies, and the Currency Denomination of Debt
   By Riccardo Colacito; The University of North Carolina at Chapel Hill and NBER
   Yan Qian; Central University of Finance and Economics
   Andreas Stathopoulos; The University of North Carolina at Chapel Hill
   Presented by: Yan Qian, Central University of Finance and Economics
   Discussant:   Xiaoliang Wang, Hong Kong University of Science and Technology
 

The Implicit Government Guarantee as a Spillover Channel: Evidence from Chinese Local SOE Bond Markets
   By Kai Li; Peking University
   Yiming Zhang; The Hong Kong University of Science and Technology
   Presented by: Kai Li, Peking University
   Discussant:   Haoyu Gao, Renmin University of China
 
Session 8: Return Anomalies
July 6, 2024 13:30 to 15:15
Location: 1-100
 
Session Chair: Shiyang Huang, The University of Hong Kong
 

Underreaction Associated with Return Extrapolation: Evidence from Post-earnings-announcement Drift
   By Siyang Li; Tsinghua University
   Siyuan Yang; Tsinghua University
   Presented by: Siyang Li, Tsinghua University
   Discussant:   Pengfei Sui, The Chinese University of Hong Kong, Shenzhen
 

Salience and Short-term Momentum and Reversals
   By Yili Chen; Peking University
   Huaixin Wang; Tsinghua University
   Jianfeng Yu; Tsinghua University
   Presented by: Huaixin Wang, Tsinghua University
   Discussant:   Hong Xiang, The Hong Kong Polytechnic University
 

Behavioral Biases and Post-Earnings Announcement Drift
   By Conghui Hu; Beijing Normal University
   Zhibing Li; University of International Business and Economics
   Xiaoyu Liu; Peking University
   Presented by: Zhibing Li, University of International Business and Economics
   Discussant:   Frank Weikai Li, Singapore Management University
 
Session 9: Banking and Banking Regulation
July 6, 2024 13:30 to 15:15
Location: 1-200
 
Session Chair: Jun Qian, Fudan University
 

From Competitors to Partners: Banks’ Venture Investments in Fintech
   By Manju Puri; Duke University and NBER
   Yiming Qian; University of Connecticut
   Xiang Zheng; University of Connecticut
   Presented by: Xiang Zheng, University of Connecticut
   Discussant:   Jiayin Hu, Peking University
 

Local Bank Supervision
   By Di Gong; University of International Business and Economics
   Thomas Lambert; Erasmus University Rotterdam
   Wolf Wagner; Erasmus University Rotterdam and CEPR
   Presented by: Di Gong, University of International Business and Economics
   Discussant:   Yang Su, The Chinese University of Hong Kong
 

Transparency and Fragility: Evidence from Wealth Management Products Sell-off
   By Yabin Wang; Norwegian University of Science and Technology
   Zhang Wu; Hong Kong Monetary Authority
   Presented by: Yabin Wang, Norwegian University of Science and Technology
   Discussant:   Zhen Zhou, Tsinghua University
 
Session 10: Financial Markets
July 6, 2024 13:30 to 15:15
Location: 1-306
 
Session Chair: Charles Cao, Pennsylvania State University; The Chinese University of Hong Kong, Shenzhen
 

Borrowing like China? A Theory of Guarantee Multipliers
   By Ping He; Tsinghua University
   Zehao Liu; Renmin University of China
   Presented by: Zehao Liu, Renmin University of China
   Discussant:   Feng Gao, Tsinghua University
 

Predicting Mutual Fund Performance in China: A Machine Learning Approach
   By Zezhou Xu; Shanghai Jiao Tong University
   Hong Yan; Shanghai Jiao Tong University
   Chao Zi; Shanghai Jiao Tong University
   Presented by: Chao Zi, Shanghai Jiao Tong University
   Discussant:   Wei Wang, The Chinese University of Hong Kong, Shenzhen
 

The Rise of Institutional Investors in China
   By Yinghua Fan; City University of Hong Kong
   Guanhao Feng; City University of Hong Kong
   Dashan Huang; Singapore Management University
   Presented by: Guanhao Feng, City University of Hong Kong
   Discussant:   Jiaxing Tian, The Chinese University of Hong Kong, Shenzhen
 
Session 11: Investor Behaviors
July 6, 2024 15:30 to 17:15
Location: 1-100
 
Session Chair: Xuewei Yang, Nanjing University
 

Intercity Mentioning: Stock Posts, City Network, and Firms
   By Danling Jiang; Stony Brook University
   Longmin Shen; Southwest Jiaotong University
   Hongquan Zhu; Southwest Jiaotong University
   Dayong Dong; Southwest Jiaotong University
   Presented by: Hongquan Zhu, Southwest Jiaotong University
   Discussant:   Xiaomeng Lu, Fudan University
 

Social Transmission Bias: Evidence from an Online Investor Platform
   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:   Qi Zhang, Shanghai Jiao Tong University
 

Browsing Stimulation and Attention Capture: Evidence from Retail Investors’ Mutual Fund Trades
   By Yiqing Lv; New York University Shanghai
   Xin Zhou; New York University Shanghai
   Presented by: Yiqing Lv, New York University Shanghai
   Discussant:   Honglin Ren, Renmin University of China
 
Session 12: Banks and Financial Fragility
July 6, 2024 15:30 to 17:15
Location: 1-200
 
Session Chair: Liang Dai, The Chinese University of Hong Kong, Shenzhen
 

Uninsured Deposit, Held-to-Maturity Accounting, and Bank Runs
   By Kaiji Chen; Emory University and Federal Reserve Bank of Atlanta
   Yu Yi; Nankai University
   Shengxing Zhang; The London School of Economics and Political Science and Peking University
   Presented by: Yu Yi, Nankai University
   Discussant:   Ji Shen, Peking University
 

Preventing Runs with Redemption Fees
   By Xuesong Huang; Sun Yat-sen University
   Todd Keister; Rutgers University
   Presented by: Xuesong Huang, Sun Yat-sen University
   Discussant:   Bo Wang, Ningbo University of Finance and Economics
 

Payments, Reserves, and Financial Fragility
   By Itay Goldstein; University of Pennsylvania and NBER
   Ming Yang; University College London
   Yao Zeng; University of Pennsylvania
   Presented by: Ming Yang, University College London
   Discussant:   Jian Sun, Singapore Management University
 
Session 13: 公司金融 (Chinese Session)
July 6, 2024 15:30 to 17:15
Location: 1-306
 
Session Chair: Jinqiang Yang, Shanghai University of Finance and Economics
 

全球强制性ESG披露政策与中国供应商企业ESG绩效: 来自中国出口贸易的证据
   By Qingyuan Li; Wuhan University
   Zirun Wu; Wuhan University
   Presented by: Zirun Wu, Wuhan University
   Discussant:   Jiangyuan Li, Shanghai University of Finance and Economics
 

劳动力市场流动性的公司治理效应——来自我国户籍制度的经验证据
   By Yao Lu; Tsinghua University
   Zhang Peng; Central University of Finance and Economics
   Meiling Niu; Tsinghua University
   Presented by: Meiling Niu, Tsinghua University
   Discussant:   Sha Sun, Beijing Foreign Studies University
 

社保费征管与企业灵活用工——来自社保新规的准自然实验
   By Xudong Tang; South China University of Technology
   Yang Jia; South China University of Technology
   Presented by: Yang Jia, South China University of Technology
   Discussant:   Jiaxin Peng, Capital University of Economics and Business
 
Session 14: Behavioral Biases and Real Effects
July 7, 2024 8:30 to 10:15
Location: 1-100
 
Session Chair: Haoyu Gao, Renmin University of China
 

Superstition in Credit Market and its Real Consequences: Evidence from CROs in their Zodiac Year
   By Yangming Bao; Capital University of Economics and Business
   Yongxiang Wang; Shanghai Jiao Tong University
   Feifei Zhu; Central University of Finance and Economics
   Presented by: Feifei Zhu, Central University of Finance and Economics
   Discussant:   Pengfei Sui, The Chinese University of Hong Kong, Shenzhen
 

In Victory or Defeat: Consumption Responses to Wealth Shocks
   By Alex Imas; The University of Chicago
   Tse-Chun Lin; The University of Hong Kong
   Yan Luo; Fudan University
   Xiaohuan Wang; Shanghai National Accounting Institute
   Presented by: Xiaohuan Wang, Shanghai National Accounting Institute
   Discussant:   Yu Zhang, Peking University
 

Policy Uncertainty Reduces Green Investment
   By Mengyu Wang; Singapore Management University
   Jeffrey Wurgler; New York University and NBER
   Hong Zhang; Singapore Management University
   Presented by: Mengyu Wang, Singapore Management University
   Discussant:   Xiaoran Ni, Xiamen University
 
Session 15: Data Economy and Information Environment
July 7, 2024 8:30 to 10:15
Location: 1-200
 
Session Chair: Shujing Wang, Tongji University
 

Question Dodging, Information Environment, and Analyst Forecasts
   By Ping Jiang; University of International Business and Economics
   Xinyi Wang; University of International Business and Economics
   Yongxiang Wang; Shanghai Jiao Tong University
   Xiaojia Zheng; University of International Business and Economics
   Presented by: Ping Jiang, University of International Business and Economics
   Discussant:   Jing Xie, University of Macau
 

Token-based Decentralized Governance, Data Economy and Platform Business Model
   By Jan Bena; The University of British Columbia
   Shiqi Zhang; The University of British Columbia
   Presented by: Shiqi Zhang, The University of British Columbia
   Discussant:   Haibo Xu, Tongji University
 

Nowcasting Firms’ Operating Activities from Satellite Data on Thermal Infrared Radiation
   By Yuan Xue; Huazhong University of Science and Technology
   Bohui Zhang; The Chinese University of Hong Kong, Shenzhen
   Xiaofeng Zhao; Lingnan University
   Presented by: Xiaofeng Zhao, Lingnan University
   Discussant:   Kevin Tseng, The Chinese University of Hong Kong
 
Session 16: Theory: Information and Finance
July 7, 2024 8:30 to 10:15
Location: 1-306
 
Session Chair: Ming Yang, University College London
 

Informed Trading and Product Market Competition
   By Chong Huang; University of California, Irvine
   Xiaoqi Xu; Southwestern University of Finance and Economics
   Presented by: Xiaoqi Xu, Southwestern University of Finance and Economics
   Discussant:   Dandan Zhao, Zhongnan University of Economics and Law
 

Market Integration, Risk-Taking, and Income Inequality
   By Lin William Cong; Cornell University and NBER
   Ron Kaniel; University of Rochester
   Yizhou Xiao; The Chinese University of Hong Kong
   Presented by: Yizhou Xiao, The Chinese University of Hong Kong
   Discussant:   Ji Huang, The Chinese University of Hong Kong
 

Market for Manipulable Information
   By Hui Chen; Massachusetts Institute of Technology and NBER
   Jian Sun; Singapore Management University
   Presented by: Jian Sun, Singapore Management University
   Discussant:   Yiming Liu, University of Michigan
 
Session 17: Fintech
July 7, 2024 10:30 to 12:15
Location: 1-100
 
Session Chair: Yizhou Xiao, The Chinese University of Hong Kong
 

Better than Human? Experiments with AI Debt Collectors
   By James Choi; Yale University and NBER
   Dong Huang; Yale University
   Zhishu Yang; Tsinghua University
   Qi Zhang; Shanghai Jiao Tong University
   Presented by: Qi Zhang, Shanghai Jiao Tong University
   Discussant:   Jinfei Sheng, University of California, Irvine
 

A Good Sketch is Better than A Long Speech: Evaluate Delinquency Risk through Real-Time Video Analysis
   By Xiangyu Chang; Xi'an Jiaotong University
   Lili Dai; The University of New South Wales
   Lingbing Feng; Jiangxi University of Finance and Economics
   Jianlei Han; Macquarie University
   Jing Shi; Zhongnan University of Economics and Law
   Bohui Zhang; The Chinese University of Hong Kong, Shenzhen
   Presented by: Jianlei Han, Macquarie University
   Discussant:   Allen Hu, Yale University and The University of British Columbia
 

Is Persuasive Delivery Effective? Evidence from Fund Livestreaming
   By Qingfu Liu; Fudan University
   Zhidan Luo; Fudan University
   Yang Song; University of Washington
   Chuanjie Wang; Fudan University
   Presented by: Chuanjie Wang, Fudan University
   Discussant:   Huaizhi Chen, University of Notre Dame
 
Session 18: Household Finance
July 7, 2024 10:30 to 12:15
Location: 1-200
 
Session Chair: Wenlan Qian, National University of Singapore
 

Search Diversion by Intermediaries: Evidence from Real Estate Markets
   By Ying Fan; The Hong Kong Polytechnic University
   Yuqi Fu; Tsinghua University
   Zan Yang; KTH Royal Institute of Technology
   Presented by: Ying Fan, The Hong Kong Polytechnic University
   Discussant:   Keyang Li, University of International Business and Economics
 

The Unintended Consequences of Local Covid Policy - Negative Spillover to Non-Local Consumption through Family Ties
   By Haiqiang Chen; Xiamen University
   Jing Li; National University of Singapore
   Wenlan Qian; National University of Singapore
   Presented by: Jing Li, National University of Singapore
   Discussant:   Mingzhu Tai, The University of Hong Kong
 

Climate Change and Households’ Risk-Taking
   By Zhenyu Gao; The Chinese University of Hong Kong
   Chanik Jo; The Chinese University of Hong Kong
   Singsen Lam; The Chinese University of Hong Kong
   Presented by: Singsen Lam, The Chinese University of Hong Kong
   Discussant:   Jiaxing Tian, The Chinese University of Hong Kong, Shenzhen
 
Session 19: Macro Finance
July 7, 2024 10:30 to 12:15
Location: 1-306
 
Session Chair: Yan Ji, The Hong Kong University of Science and Technology
 

Foreign Currency Borrowing and Exporter Dynamics in Emerging Markets
   By Chang Liu; University of Rochester
   Presented by: Chang Liu, University of Rochester
   Discussant:   Chang Ma, Fudan University
 

Misallocation and Asset Prices
   By Winston Wei Dou; University of Pennsylvania and NBER
   Yan Ji; The Hong Kong University of Science and Technology
   Di Tian; The Hong Kong University of Science and Technology
   Pengfei Wang; Peking University
   Presented by: Di Tian, The Hong Kong University of Science and Technology
   Discussant:   Dan Su, Cheung Kong Graduate School of Business
 

Bubbly Data
   By Feng Dong; Tsinghua University
   Jinpu Li; Tsinghua University
   Presented by: Jinpu Li, Tsinghua University
   Discussant:   Chenjie Xu, Shanghai University of Finance and Economics
 
Session 20: Dean's Speech (Jie Jiao, Tsinghua University), Keynote Speech (Shang-Jin Wei, Columbia University), and Best Paper Award Ceremony
July 7, 2024 13:00 to 14:00
Location: 3-300
 
 
Session 21: ESG, Transition, and Labor
July 7, 2024 14:15 to 16:00
Location: 1-100
 
Session Chair: Jun Tu, Shanghai Jiao Tong University
 

Corporate ESG Profiles and Consumption
   By Sumit Agarwal; National University of Singapore
   Quanlin Gu; Central University of Finance and Economics
   Jia He; Nankai University
   Qi Zhang; Nankai University
   Presented by: Qi Zhang, Nankai University
   Discussant:   Biao Yang, Shanghai Jiao Tong University
 

Transition Risk under Capital Misallocation: The Deployment of Solar Power Plants in China
   By Zhanhui Chen; The Hong Kong University of Science and Technology
   Zhuang Chu; The Hong Kong University of Science and Technology
   Presented by: Zhuang Chu, The Hong Kong University of Science and Technology
   Discussant:   Dong Yan, Erasmus University Rotterdam
 

Failure To Jettison: The Cost of Labor on the Path to Recovery
   By Guanmin Liao; Renmin University of China
   Xiaoyun Yu; Shanghai Jiao Tong University
   Yaya Yu; Ant Financial
   Zihan Zhang; Renmin University of China
   Presented by: Zihan Zhang, Renmin University of China
   Discussant:   Xi Wang, Peking University
 
Session 22: Housing Markets
July 7, 2024 14:15 to 16:00
Location: 1-200
 
Session Chair: Yu Zhang, Peking University
 

Haste or Waste? The Role of Presale in Residential Housing
   By Ziyang Chen; The Hong Kong University of Science and Technology
   Maggie Hu; The Chinese University of Hong Kong
   Ginger Zhe Jin; The University of Maryland and NBER
   Qiyao Zhou; The University of Maryland
   Presented by: Ginger Zhe Jin, The University of Maryland and NBER
   Discussant:   Xiaoyu Zhang, Central University of Finance and Economics
 

Subsidized Credit Supply and the Housing Market: Evidence from the Housing Provident Fund System in China
   By Keyang Li; University of International Business and Economics
   Yu Qin; National University of Singapore
   Qiuyi Wang; Tsinghua University
   Jing Wu; Tsinghua University
   Presented by: Keyang Li, University of International Business and Economics
   Discussant:   Jia He, Nankai University
 

The Spillover Effects of Real Estate
   By Kaiji Chen; Emory University and Federal Reserve Bank of Atlanta
   Huancheng Du; Central University of Finance and Economics
   Chang Ma; Fudan University
   Presented by: Chang Ma, Fudan University
   Discussant:   Bo Zhao, Peking University
 
Session 23: 资产定价 (Chinese Session)
July 7, 2024 14:15 to 16:00
Location: 1-306
 
Session Chair: Yuchao Peng, Central University of Finance and Economics
 

公募基金的市场认知能力——基于机器学习的季度报告文本相似度视角
   By Wei Zhang; Tianjin University
   Zhuo Chen; Tianjin University
   Shen Lin; Tianjin University
   Presented by: Zhuo Chen, Tianjin University
   Discussant:   Yanchu Liu, Sun Yat-sen University
 

市场股价反应与金融监管——来自并购重组问询函的研究证据
   By Kang Chen; Southwestern University of Finance and Economics
   Xiyu Zhu; Peking University
   Qi Liu; Peking University
   Presented by: Xiyu Zhu, Peking University
   Discussant:   Haiqiang Chen, Xiamen University
 

“化繁为简”:基于持仓分歧的中国投资者异质性分析
   By Ruoxin Chen; Tianjin University
   Xiong Xiong; Tianjin University
   Yongqiang Meng; Tianjin University
   Ya Gao; Dalian University of Technology
   Shen Lin; Tianjin University
   Presented by: Ruoxin Chen, Tianjin University
   Discussant:   Conghui Hu, Beijing Normal University
 
Session 24: Analyst Forecasts
July 7, 2024 16:15 to 18:00
Location: 1-100
 
Session Chair: Hong Zhang, Singapore Management University
 

Connections over Competence: The Impact of Political Ties on Sell-Side Research
   By Kaizhao Guo; University of Glasgow
   Yanghua Shi; University of Mannheim
   Jingshu Wen; University of Oxford
   Presented by: Jingshu Wen, University of Oxford
   Discussant:   Roger K. Loh, Nanyang Technological University
 

Does Literacy Education Matter for Career Outcomes? Evidence from Sell-Side Security Analysts
   By Yihan Li; University of Bath
   Chen Lin; The University of Hong Kong
   Hanwen Sun; University of Bath
   Cheng (Colin) Zeng; The Hong Kong Polytechnic University
   Presented by: Hanwen Sun, University of Bath
   Discussant:   Angie Low, Nanyang Technological University
 

Short-Horizon Currency Expectation
   By Ilias Filippou; Washington University in St. Louis
   Jiangyuan Li; Shanghai University of Finance and Economics
   Xujun Liu; Shanghai University of Finance and Economics
   Mark Taylor; Washington University in St. Louis
   Presented by: Jiangyuan Li, Shanghai University of Finance and Economics
   Discussant:   Jennifer Jie Li, University of Macau
 
Session 25: Entrepreneurial Finance
July 7, 2024 16:15 to 18:00
Location: 1-200
 
Session Chair: Jan Bena, University of British Columbia
 

Learning by Investing: Entrepreneurial Spillovers from Venture Capital
   By Josh Lerner; Harvard University and NBER
   Jinlin Li; Harvard University
   Tong Liu; Massachusetts Institute of Technology
   Presented by: Jinlin Li,
   Discussant:   Jun Chen, Renmin University of China
 

Reluctant Entrepreneurs: Evidence from China’s SOE Reform
   By Hanming Fang; University of Pennsylvania and NBER
   Ming Li; The Chinese University of Hong Kong, Shenzhen
   Zenan Wu; Peking University
   Yapei Zhang; ShanghaiTech University
   Presented by: Yapei Zhang, ShanghaiTech University
   Discussant:   Pengfei Han, Peking University
 

Can Scientists Help with the Screening of Innovative Start-ups?
   By Suting Hong; ShanghaiTech University
   Su Wang; ShanghaiTech University
   Xiang Yin; Tsinghua University
   Presented by: Xiang Yin, Tsinghua University
   Discussant:   Xiyue Li, The Chinese University of Hong Kong, Shenzhen
 
Session 26: Currency and Monetary Policy
July 7, 2024 16:15 to 18:00
Location: 1-306
 
Session Chair: Calvin Dun Jia, Peking University
 

Production Networks and Supply-Side Effect of Monetary Policy
   By Zhihao Xu; Purdue University
   Changhua Yu; Peking University
   Presented by: Zhihao Xu, Purdue University
   Discussant:   Le Xu, Shanghai Jiao Tong University
 

A Currency Premium Puzzle
   By Tarek Hassan; Boston University
   Thomas Mertens; Federal Reserve Bank of San Francisco
   Jingye Wang; Renmin University of China
   Presented by: Jingye Wang, Renmin University of China
   Discussant:   Xiang Fang, The University of Hong Kong
 

A High-frequency Measure of Chinese Monetary Policy Shocks
   By Jianyao He; The University of Texas at Dallas
   Calvin Dun Jia; Peking University
   Kai Li; Peking University
   Wenbin Wu; Fudan University
   Presented by: Calvin Dun Jia, Peking University
   Discussant:   Yu Xu, University of Delaware

This program was last updated on 2025-05-25 23:36:11 EDT