Published Papers


   

The associated researchers have a wide range of interests and published many articles in top journals in their fields. The journals that members have published include: American Economic Review, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of International Economy, Journal of Comparative Economics, and etc.The following is a selected list of published articles relating to China’s financial research:   

     

* Bai, Chong-En, Jiangyong Lu, and Zhigang Tao, 2006, The multitask theory of state enterprise reform: Empirical evidence from china, The American Economic Review 353-357.

 

* Bai, Chong-En, Jiangyong Lu, and Zhigang Tao, 2010, Capital or knowhow: The role of foreign multinationals in sino-foreign joint ventures, China Economic Review 21, 629-638.

 

* Barth, James R, Chen Lin, Ping Lin, and Frank M Song, 2009, Corruption in bank lending to firms: Cross-country micro evidence on the beneficial role of competition and information sharing, Journal of Financial Economics 91, 361-388.

 

* Barth, James R, Chen Lin, Yue Ma, Jesús Seade, and Frank M Song, 2013, Do bank regulation, supervision and monitoring enhance or impede bank efficiency?, Journal of Banking & Finance 37, 2879-2892.

 

* Beck, Thorsten, Chen Lin, and Yue Ma, 2014, Why do firms evade taxes? The role of information sharing and financial sector outreach, The Journal of Finance 69, 763-817.

 

* Berkowitz, Daniel, Chen Lin, and Yue Ma, 2015, Do property rights matter? Evidence from a property law enactment, Journal of Financial Economics 116, 583-593.

 

* Campello, Murillo, Chen Lin, Yue Ma, and Hong Zou, 2011, The real and financial implications of corporate hedging, The Journal of Finance 66, 1615-1647.

 

* Chatrath, Arjun, Youguo Liang, and Frank Song, 1997, Commitment of traders, basis behavior, and the issue of risk premia in futures markets, Journal of Futures Markets 17, 707-731.

 

* Chatrath, Arjun, Sanjay Ramchander, and Frank Song, 1995, Does options trading lead to greater cash market volatility?, Journal of Futures Markets 15, 785-803.

 

* Chatrath, Arjun, and Frank Song, 1998, Information and volatility in futures and spot markets: The case of the japanese yen, Journal of Futures Markets 18, 201-223.

 

* Che, Yi, Julan Du, Yi Lu, and Zhigang Tao, 2015, Once an enemy, forever an enemy? The long-run impact of the japanese invasion of china from 1937 to 1945 on trade and investment, Journal of International Economics 96, 182-198.

 

* Che, Yi, Julan Du, Yi Lu, and Zhigang Tao, 2015, Once an enemy, forever an enemy? The long-run impact of the japanese invasion of china from 1937 to 1945 on trade and investment, Journal of International Economics 96, 182-198.

 

* Chen, Deqiu, Sifei Li, Jason Zezhong Xiao, and Hong Zou, 2014, The effect of government quality on corporate cash holdings, Journal of Corporate Finance 27, 384-400.

 

* Chen, Tao, Jarrad Harford, and Chen Lin, 2015, Do analysts matter for governance? Evidence from natural experiments, Journal of Financial Economics 115, 383-410.

 

* Du, Julan, Yi Lu, and Zhigang Tao, 2012, Contracting institutions and vertical integration: Evidence from china’s manufacturing firms, Journal of Comparative Economics 40, 89-107.

 

* Du, Julan, Yi Lu, and Zhigang Tao, 2015, Government expropriation and chinese-style firm diversification, Journal of Comparative Economics 43, 155-169.

 

* Griffin, John M, Jordan Nickerson, and Dragon Yongjun Tang, 2013, Rating shopping or catering? An examination of the response to competitive pressure for cdo credit ratings, Review of Financial Studies 26, 2270-2310.

 

* Griffin, John M, and Dragon Yongjun Tang, 2011, Did credit rating agencies make unbiased assumptions on cdos?, The American Economic Review 125-130.

 

* Griffin, John M, and Dragon Yongjun Tang, 2012, Did subjectivity play a role in cdo credit ratings?, The Journal of Finance 67, 1293-1328.

 

* Houston, Joel F, Chen Lin, and Yue Ma, 2012, Regulatory arbitrage and international bank flows, The Journal of Finance 67, 1845-1895.

 

* Huang, Ying Sophie, Frank M Song, and Yizhong Wang, 2012, Monetary policy and corporate investment: Evidence from chinese micro data, China & World Economy 20, 1-20.

 

* Jie, Li, D QIU Larry, and Sun Qunyan, 2003, Interregional protection: Implications of fiscal decentralization and trade liberalization, China Economic Review 14, 227-245.

 

* Jin, Xuejun, Frank M Song, Yizhong Wang, and Yi Zhong, 2014, Interest rate pass‐through in a dual‐track system: Evidence from china, China & World Economy 22, 21-39.

 

* Julan, DU, LU Yi, TAO Zhigang, and YU Linhui, 2012, Do domestic and foreign exporters differ in learning by exporting? Evidence from china, China Economic Review 23, 296-315.

 

* Lai, Edwin L-C, and Larry D Qiu, 2003, The north’s intellectual property rights standard for the south?, Journal of International Economics 59, 183-209.

 

* Li, Zhigang, Jia Yuan, Frank Song, and Shangjin Wei, 2014, Is economic rebalancing toward consumption “greener”? Evidence from visibility in china, 1984–2006, Journal of Comparative Economics 42, 1021-1032.

 

* Lin, Chen, Ping Lin, and Frank Song, 2010, Property rights protection and corporate r&d: Evidence from china, Journal of Development Economics 93, 49-62.

 

* Lin, Chen, Ping Lin, and Hong Zou, 2012, Does property rights protection affect corporate risk management strategy? Intra-and cross-country evidence, Journal of Corporate Finance 18, 311-330.

 

* Lin, Chen, Yue Ma, Paul Malatesta, and Yuhai Xuan, 2012, Corporate ownership structure and bank loan syndicate structure, Journal of Financial Economics 104, 1-22.

 

* Lin, Chen, Micah S Officer, Rui Wang, and Hong Zou, 2013, Directors' and officers' liability insurance and loan spreads, Journal of Financial Economics 110, 37-60.

 

* Lu, Jiangyong, Yi Lu, and Zhigang Tao, 2010, Exporting behavior of foreign affiliates: Theory and evidence, Journal of International Economics 81, 197-205.

 

* Lu, Jiangyong, Zhigang Tao, and Zhi Yang, 2010, The costs and benefits of government control: Evidence from china's collectively-owned enterprises, China Economic Review 21, 282-292.

 

* Lu, Yi, Juan Ni, Zhigang Tao, and Linhui Yu, 2013, City–industry growth in china, China Economic Review 27, 135-147.

 

* Lu, Yi, Zhigang Tao, and Yijiang Wang, 2010, Union effects on performance and employment relations: Evidence from china, China Economic Review 21, 202-210.

 

* Lu, Yi, Zhigang Tao, and Yan Zhang, 2013, How do exporters respond to antidumping investigations?, Journal of International Economics 91, 290-300.

 

* Qiu, Larry D, 1995, Why can't countervailing duties deter export subsidization?, Journal of International Economics 39, 249-272.

* Qiu, Larry D, and Barbara J Spencer, 2002, Keiretsu and relationship-specific investment: Implications for market-opening trade policy, Journal of International Economics 58, 49-79.

 

* Qiu, Larry D, and Zhigang Tao, 2001, Export, foreign direct investment, and local content requirement, Journal of Development Economics 66, 101-125.

 

* Qiu, Larry D, and Susheng Wang, 2011, Bot projects: Incentives and efficiency, Journal of Development Economics 94, 127-138.

 

* Qiu, Larry D, and Wen Zhou, 2006, International mergers: Incentives and welfare, Journal of International Economics 68, 38-58.

 

* Qiu, Larry D, and Wen Zhou, 2007, Merger waves: A model of endogenous mergers, The Rand Journal of Economics 38, 214-226.

 

* Qiu, Larry D, and Wen Zhou, 2013, Multiproduct firms and scope adjustment in globalization, Journal of International Economics 91, 142-153.

 

* Qui, Larry D, 1994, Optimal strategic trade policy under asymmetric information, Journal of International Economics 36, 333-354.

 

* Song, Frank M, and Junxi Zhang, 2005, Securities transaction tax and market volatility*, The Economic Journal 115, 1103-1120.

 

* Subrahmanyam, Marti G, Dragon Yongjun Tang, and Sarah Qian Wang, 2014, Does the tail wag the dog?: The effect of credit default swaps on credit risk, Review of Financial Studies 27, 2927-2960.

 

* Subrahmanyam, Marti G, Dragon Yongjun Tang, and Sarah Qian Wang, 2014, Does the tail wag the dog?: The effect of credit default swaps on credit risk, Review of Financial Studies 27, 2927-2960.

 

* Tang, Dragon Yongjun, and Hong Yan, 2010, Market conditions, default risk and credit spreads, Journal of Banking & Finance 34, 743-753.

 

* Tang, Y, and J Li, 2015, The leverage externalities of credit default swaps, Journal of Financial Economics.

 

* Tao, Libin, and Frank M Song, 2010, Do small traders contribute to price discovery? Evidence from the hong kong hang seng index markets, Journal of Futures Markets 30, 156-174.

 

* Tu, Zhiyong, Min Song, and Liang Zhang, 2013, Emerging impact of chinese commodity futures market on domestic and global economy, China & World Economy 21, 79-99.