Jiang Lei，吴轲，Zhou Guofu，Zhu, Yifeng——JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS：Stock Return Asymmetry: Beyond Skewness
2020-02-25In this article, we propose two asymmetry measures for stock returns. Unlike the popular skewness me...点击详情
向往——JOURNAL OF ECONOMIC THEORY：Who will watch the watchers? On optimal monitoring networks
2020-02-20Consider a moral hazard scenario in which a monitor must detect deviations to provide proper incenti...点击详情
黄勃，陈礼清，何林——EMERGING MARKETS FINANCE AND TRADE：How Can Government Support Affect Behaviors of Investors and Rating Agencies in a Corporate Bond Ma...
2020-02-19This study explores the relationship between government support and the behaviors of participants in...点击详情
Dai Tiantian，Jiang Shenyi，孙昂，Wu Sihong——EMERGING MARKETS FINANCE AND TRADE：Inequality and Social Capital: How Inequality in China's Housing Assets Af...
2020-02-19This article examines how inequality in housing assets affects general trust in society. The economi...点击详情
许荣，王雯岚，张俊岩——《经济学动态》：法律对金融影响研究新进展
2020-02-17传统的法与金融文献侧重于描述并解释法律制度的国际差异及其对不同经济体金融市场发展的影响，强调加强投资者权利的法律保护是金融市场发展的基础。而在批评传统的法与金融文献的基础上发展而来的“金融的法律理论”...点击详情
刘南希，李戎——《经济理论与经济管理》：金融压力、所有制结构与银行风险承担——基于中国影子银行活动的实证研究
2020-02-162008年金融危机之后，监测与防范系统性金融风险、维护金融稳定成为各国监管机构的工作重点。本文构建了一个反映我国系统性金融风险的中国金融压力指数（FSIC）。基于此，本文研究不同所有制结构的商业银行将...点击详情
吕冰洋，刘勇政，李岩——CHINA ECONOMIC REVIEW：Fiscal incentives, competition, and investment in China
2020-02-12This paper explores how fiscal incentives offered to local governments in China affect investment ra...点击详情
郭彪，Lin Hai——JOURNAL OF FUTURES MARKETS：Volatility and jump risk in option returns
2020-02-06We examine the importance of volatility and jump risk in the time‐series prediction of S&P 500 index...点击详情
Hasan Iftekhar，何青，Lu Haitian——JOURNAL OF INTERNATIONAL MONEY AND FINANCE：The impact of social capital on economic attitudes and outcomes
2020-02-05This article traces the extant literature on the impact of social capital on economic attitudes and ...点击详情
Le Yaoting，Li Ya，徐靖——MANAGEMENT SCIENCE：Two Birds, One Stone: Joint Timing of Returns and Capital Gains Taxes
2020-02-03In asset return predictability, realized returns and future expected returns tend to move in opposit...点击详情
朱光伟，蒋佳融，芦东——《经济理论与经济管理》：融券约束和市场定价效率——基于我国股票市场转融通的准自然实验证据
2020-01-31本文从融券约束的视角出发,研究我国股票市场融券机制对标的股票价格发现效率的影响。相比于融券交易量,融券约束可以更好地识别融券机制的作用。因为它可以从交易渠道、信息渠道、外部监管渠道对股价产生影响。笔者...点击详情
郭瑞，孙伟，Wang Jianqiu，肖刚——APPLIED ECONOMICS：Why do retired workers claim their social security benefits so early? A potential explanation based on t...
2020-01-26Social Security provides longevity insurance for older Americans. According to expected utility theo...点击详情
吕冰洋，詹静楠，李钊——《经济学动态》：中国税收负担:孰轻孰重?
2020-01-22中国税收负担问题存在争议，本文从宏观税收负担、企业税收负担、居民税收负担等角度分析中国税收负担。测算结果显示：中国大中小口径宏观税负和企业税负自2012年后呈下降趋势；国际比较来看，2016年我国不同...点击详情
朱光顺，张莉，徐现祥——《经济学》：行政审批改革与经济发展质量
2020-01-20行政审批改革能否有效提高经济发展质量?全要素生产率是经济发展质量的关键度量,本文从理论和实证两个方面研究了行政审批改革对企业全要素生产率的影响.研究发现:行政审批改革在总体上促进了该地区企业全要素生产...点击详情
Shi Xiaojun,Jin Qi,He Lin——EMERGING MARKETS FINANCE AND TRADE：The Bilateral Effects of Platform-Sponsored Collateral in Peer-To-Peer (P2P) Lending: Eviden...
2020-01-20Using a unique large dataset collected from one of the oldest and largest P2P lending platforms in C...点击详情
贾俊雪，丁思莹，刘勇政——《中国人民大学学报》：现代金融体系：基本特征与功能结构
2020-01-15中国经济高速发展、产业结构升级换代、风险管理与财富管理需求增长共同决定了符合中国未来情境的现代金融体系将是市场主导型的金融体系。它的基本特征是高度市场化、开放、风险分散性、科技支撑，可以承担支付清算、...点击详情
贾俊雪，丁思莹，刘勇政——JOURNAL OF URBAN ECONOMICS：Decentralization, incentives, and local tax enforcement
2020-01-06China recently initiated a major decentralization reform to simultaneously improve tax autonomy and ...点击详情
Jing Xu，Meng Cai，岳希明——Social Sciences in China：The Income Redistribution Effect of Government Transfer Programs
2020-01-02The use of the trajectory of the Gini coefficient of total income formed by the increase in transfer...点击详情
刘昕，Yin Chengxi，Zheng Weinan——JOURNAL OF FINANCIAL MARKETS：The invisible burden
2020-01-01We study the role of goodwill, an important form of intangible assets arising from merger and acquis...点击详情
霍晓霖，邱志刚——Economic and Political Studies：How does China’s stock market react to the announcement of the COVID-19 pandemic lockdown?
2020-01-01In this paper, we study how China's stock market reacts to the sudden outbreak of COVID-19 in 2020, ...点击详情