涂永红——《经济日报》：完善汇率预期管理很有必要
2020-10-166月份以来,人民币出现较大幅度升值,市场逐渐形成人民币单边升值预期,并引发了一定的投机行为,加剧了人民币即期汇率下跌,同时也为远期汇率大幅攀升埋下了隐患。近日,中国人民银行从维护人民币汇率在均衡水平下...点击详情
刚健华，黄楠，宋科，张如一——QUANTITATIVE FINANCE：Index volatility and the put-call ratio: a tale of three markets
2020-10-15This paper investigates the influence of the put-call-ratio (PCR) implied by the Shanghai Stock Exch...点击详情
Liu Guanchun，张成思 ——CHINA ECONOMIC REVIEW：Economic policy uncertainty and firms' investment and financing decisions in China
2020-10-01This paper designs a quasi-natural experiment for the identification of causal relationships between...点击详情
张顺明，纪晨，王海潮——《管理评论》：新型农村合作医疗实际住院补偿比影响因素分析
2020-10-01本文使用安徽省淮南市卫生局2010—2014年五期数据,对新农合实际住院补偿比的影响因素进行了考察,同时对影响因素中的不同等级医疗机构的选择进行进一步分析。结果表明,年度效应、就诊医院等级、人口属性是...点击详情
何青，Liu Junyi，Xue Chang，Zhou Shaojie——CHINA ECONOMIC REVIEW：Bureaucratic integration and synchronization of regional economic growth: Evidence from Ch...
2020-10-01We analyze the impact of the central-local bureaucratic relation on the synchronization of regional ...点击详情
贺颖（外），吕冰洋，余丹林 ——EURASIAN GEOGRAPHY AND ECONOMICS：How does spatial proximity to the high-speed railway system affect inter-city market segment...
2020-10-01The construction of thehigh-speedrailway(HSR)systeminChinahas improvedcities’ interconnectedness. We...点击详情
何俊勇，郭荣怡，张顺明，石丽娜——《管理科学学报》：参数暧昧环境下投资者决策与管制措施研究——基于随机禀赋与风险资产之间相关系数暧昧性的视角
2020-10-01假定金融市场中简单投资者具有暧昧厌恶偏好,在期末获得1个单位随机禀赋（非金融资产收益）,而当前时刻他们对随机禀赋与风险资产未来收益之间的相关系数存在暧昧性,考察这种暧昧性对资产定价和社会福利的影响。研...点击详情
Guo Jie (Michael)，Li Yichen，汪昌云，Xing Xiaofei——JOURNAL OF BANKING & FINANCE：The role of investment bankers in M&As: New evidence on Acquirers' financ...
2020-10-01This paper investigates whether top-tier M&A investmentbankers(financial advisors) create value for ...点击详情
Bai Yiyi，陆利平——JOURNAL OF BANKING & FINANCE：Households rejecting loan offers from banks
2020-10-01This paper studies the mechanism of adverse selection in the credit market using a sample of mortgag...点击详情
Han Yang，刘泽豪，Ma Jun——CHINA ECONOMIC REVIEW：Growth cycles and business cycles of the Chinese economy through the lens of the unobserved components mod...
2020-10-01We build upon the most recent development in the literature and estimate a comprehensive set of univ...点击详情
HU YI，汪昌云，肖刚，Zeng Jianyu——PACIFIC-BASIN FINANCE JOURNAL:The agency cost of political connections: Evidence from China's File 18
2020-09-29We examine the influence of political connections on the agency conflicts between controlling shareh...点击详情
石晓军，梁蕴兮——《中国管理科学》：中国中小企业集合债券研究——“聚沙成塔”型融资创新与牵头人“双能力”机制
2020-09-22中小企业集合债券是中国实践中具有特色的“聚沙成塔”型融资创新。对这一创新，文献还没有系统的理论总结与实证分析。本文首次提出集合债的核心机制，即牵头人“双能力”理论——资源动员能力和监督能力。利用200...点击详情
何青，Liu Junyi，王偲竹，余吉双——《经济与政治研究》：The impact of COVID-19 on stock markets
2020-09-04This paper attempts to explore the direct effects and spill-overs of COVID-19 on stock markets. Usin...点击详情
张成思，田涵晖——《世界经济》：通货膨胀结构性分化与货币政策反应机制
2020-09-01本文将2001-2019年中国通货膨胀出现的结构性分化特征划分为核心-非核心和消费-非消费两个层次,研究货币政策对具有分化特征的不同通货膨胀指标的反应机制。价格型和数量型货币政策反应方程估计和模型竞争...点击详情
何林，梁宗霞，刘杨，马鸣——SCANDINAVIAN ACTUARIAL JOURNAL：Weighted utility optimization of the participating endowment contract
2020-09-01In a participating endowment contract, the special loss compensation and profit sharing mechanism le...点击详情
张成思，郑宁——《金融研究》：中国实体企业金融化:货币扩张、资本逐利还是风险规避?
2020-09-01本文构建了一个刻画实体企业在流动性金融资产和固定资产之间进行权衡的投资组合选择模型,并创新性地将货币扩张的宏观因素引入微观模型,推演中国实业部门金融化的驱动逻辑。理论模型显示:货币扩张、资本逐利和风险...点击详情
孙昂，Zhang Qinghua——Journal of Development Economics：Who marries whom in a surging housing market?
2020-09-01This paper investigates the impact of a surging housing market on marital sorting. Our empirical ana...点击详情
Shu Jiaxian，张成思，郑宁——INTERNATIONAL REVIEW OF ECONOMICS & FINANCE：Financialization and sluggish fixed investment in Chinese real sector firms
2020-09-01China's economy has been slowing down over the past decade since 2007, with real investment posting ...点击详情
何青，Li Xiaoyang，朱文宇——INTERNATIONAL REVIEW OF ECONOMICS & FINANCE：Political connection and the walking dead: Evidence from China's privately owned fi...
2020-09-01Using a sample of privately owned listed firms in China, we document that firms’political connection...点击详情
马长峰，陈志娟，张顺明——《管理科学学报》：基于文本大数据分析的会计和金融研究综述
2020-09-01作为一种非结构化数据，文本大数据最近十年深刻影响会计学和金融学研究。这种影响体现在两类文献：第一类以信息为中心，将文本分析技术用于信息的品质(可读性)和数量(文本信息含量)、信息披露和市场异象等方面的...点击详情