We have more than 110 full-time faculty whose cutting-edge, high-quality research is regularly published in top-tier economics and management journals such as American Economic Review, Journal of Political Economy, Management Science, Journal of Finance, Academy of Management Journal, etc. Our faculty have played an important role in China's policymaking, and they are strong advocates of China's market-oriented reforms and innovative business practices. They are trusted partners of entrepreneurs, CEOs, and public figures; and their work has been recognized with top national research awards for making contributions to China's development.
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Guanghua faculty regularly have their research on topics of international impact published in leading journals across the fields of economics, finance, management, and statistics, among others. In 2016-2022, our faculty had 2938 articles accepted for publication, of which 755 were published in SCI/SSCI journals.
A sample list of recent publications in leading academic journals:
Zeyang Chen, Yu-Jane Liu, Juanjuan Meng, Zeng Wang, 2023, What's in a Face? An Experiment on Facial Information and Loan-Approval Decision, Management Science, 69(4): 2263-2283
Panle Jia Barwick, Yanyan Liu, Eleonora Patacchini, Qi Wu, 2023, Information, Mobile Communication, and Referral Effectst, American Economic Review, 113(5): 1170-1207
Shuo Liu, Nick Netzer, 2023, Happy Times: Measuring Happines Using Response Times, American Economic Review, 113(12): 3289-3322
Hanming Fang, Chang Liu, Li-An Zhou, 2023, Window Dressing in the Public Sector: Evidence from China’s Compulsory Education Promotion Program, Journal of Public Economics, 222: 104878
Guangyu Cao, Chenran Liu, Li-An Zhou, 2023, Suing the Government under Weak Rule of Law: Evidence from Administrative Litigation Reform in China, Journal of Public Economics, 222: 104895
Anselm Hager, Lukas Hensel, Johannes Hermle, Christopher Roth, 2023, Political Activists as Free Riders: Evidence from a Natural Field Experiment, Economic Journal, 133(653): 2068-2084
Tan Gan, Ju Hu, Xi Weng, 2023, Optimal Contingent Delegation, Journal of Economic Theory, 208: 105597
Yu Gao, Massimo Tavoni, 2023, Forget-Me-Not: The Persistent Effect of Information Provision for Adopting Climate-Friendly Goods, Management Science, forthcoming.
Zeyang Chen, Yu-Jane Liu, Juanjuan Meng, Zeng Wang, 2023, What's in a Face? An Experiment on Facial Information and Loan-Approval Decision, Management Science, 69(4): 2263-2283
Xi Dong, Qi Liu, Lei Lu, Bo Sun, Hongjun Yan, 2023, Anomaly Discovery and Arbitrage Trading, Journal of Financial and Quantitative Analysis E1
Sergei Glebkin, Bart Zhou Yueshen, Ji Shen, 2023, Simultaneous Multilateral Search, The Review of Financial Studies, 36(2):571–614
Urban Jermann, Haotian Xiang, 2023, Dynamic Banking with Non-maturing Deposits, Journal of Economic Theory, 209:105644
Haoyuan Ding, Yichuan Hu, Han Jiang, Jing Wu, Yu Zhang, 2023, Social Embeddedness and Supply Chains: Doing Business with Friends Versus Making Friends in Business, Production and Operations Management, 32(7): 2154-2172
Zhibing Li, Laura Xiaolei Liu, Xiaoyu Liu, K. C. John Wei, 2023, Replicating and Digesting Anomalies in the Chinese A-Share Market, Management Science, forthcoming.
Jiaping Deng, Qiao Liu, 2023, Good Finance, Bad Finance, and Resource Misallocation: Evidence from China, Journal of Banking & Finance, forthcoming.
Zhang, Zhi-Xue; Yi, Xiwei; Dong, Yuntao, Taking the Path Less Traveled: How Responsible Leadership Addresses a Grand Challenge in Public Health, a Case Study from China, MANAGEMENT AND ORGANIZATION REVIEW, 2023.
Huang, Peiyuan, Strategic Focus of Corporate Venture Capital Portfolio Configuration and Venture Exit Mode, Academy of Management Annual Meeting, 2023.
Yuan, Z., Chiang, J, T-J, & Wang, Z. , Do we know who has conflict with us? An investigation of dyadic conflict and conflict metaperception. , Academy of Management Proceedings, 2023.
Congcong Li, An-ping Lin, Hai Lu, 2023, The Effect of Social Skills on Analyst Performance, Contemporary Accounting Research, 40(2):1418-1447.
Hai Lu, Jee-Eun Shin, Mingyue Zhang, 2023, Financial Reporting and Disclosure Practices in China, Journal of Accounting & Economics, 76(1),101598.
Charles Hsu, Xi Li, Zhiming Ma, Gordon M. Phillips, 2023, Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes? Journal of Financial and Quantitative Analysis, 58(2):711-745.
Junhao Liu, Ole-Kristian Hope, Danqi Hu, 2023, Earnings Announcements in China: Overnight-intraday Disparity, Journal of Corporate Finance, 82,4501822.
Ting Luo, Wei Luo, Heng Yue, Lu Zhang, 2023, Friends can Help: The Effects of Relationship in the Chinese Book-building Process, Journal of Accounting and Public Policy, 42(3),107054.
Chen, Songxi, Guo, Bin, Qiu, Yumou, 2023, Testing and Signal Identification for Two-sample High-dimensional Covariances via Multi-level Thresholding, Journal of Econometrics, 235, Issue 2, 1337-1354.
Songxi, Chen, Yumou Qiu, Shuyi Zhang, 2023, Sharp Optimality for High Dimensional Covariance Testing under Sparse Signals, Annals of Statistics, 51(5):1921-1945.
Wang, Yajin.; Xu, Alison Jing.; Zhang, Ying. L'Art Pour l'Art: Experiencing Art Reduces the Desire for Luxury Goods, Journal Of Consumer Research, forthcoming.
Yacine Aït-Sahalia, Chenxu Li, Chen Xu Li, 2023, Maximum Likelihood Estimation of Latent Markov Models Using Closed-Form Approximations, Journal of Econometrics, forthcoming.
Ma, Chenchen, Tu, Yundong, 2023, Shrinkage Estimation of Multiple Threshold Factor Models, Journal of Econometrics, 235(2):1876-1892.
Ma, Yingying; Guo, Shaojun; Wang, Hansheng, 2023, Sparse Spatio-temporal Autoregressions by Profiling and Bagging, Journal of Econometrics, 232(1): 132-147.
Xu, Minya; Dust, Scott B.; Liu, Shengming, 2023, COVID-19 and the Great Resignation: The Role of Death Anxiety, Need for Meaningful Work, and Task Significance, Journal of Applied Psychology. 108(11), 1790-1811.
Hu, Danqi; Andrew Stephan. 2022, News at the Bell and a Level Playing Field, Accounting Review, 97(6), 357-384.
Hsu, Charles; Xi Li; Zhiming Ma; Gordon M. Phillips. 2022, Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes? Journal of Financial & Quantitative Analysis, forthcoming.
Lu, Ruichang; Qiaowei Shen; Tenghui Wang; Xiaojun Zhang. 2022, Frenemies: Corporate Advertising Under Common Ownership, Management Science, 68(6), 4645-4669.
Zhiming Ma; Kirill E. Novoselov; Derrald Stice; Yue Zhang. 2022, Firm Innovation and Covenant Tightness, Review of Accounting Studies, forthcoming.
Li, Jing; Tingjun Liu; Ran Zhao. 2022, Strategic Nondisclosure in Takeovers. The Accounting Review, 97(4):345-370.
Andreas Hefti; Shuo Liu; Armin Schmutzler. 2022, Preferences, Confusion and Competition, Economic Journal, 132(645): 1852.
Vernon Henderson; Dongling Su; Qinghua Zhang; Siqi Zheng. 2022, Political Manipulation of Urban Land Markets: Evidence from China, Journal of Public Economics, 214: 104730.
Miao Jin; Yu-Jane Liu; Juanjuan Meng; Yu Zhang. 2022, Transmission of Income Variations to Consumption Variations: The Role of the Firm, Review of Economics and Statistics, 1-45.
Shuo Liu; Dimitri Migrow. 2022, When does Centralization Undermine Adaptation?, Journal of Economic Theory, 205: 105533.
Zeyang Chen; Yu-Jane Liu; Juanjuan Meng; Zeng Wang. 2022, What's in a Face? An Experiment on Facial Information and Loan-Approval Decision, Management Science, forthcoming.
Anselm Hager; Johannes Hermle; Lukas Hensel; Christopher Roth. 2022, Political Activists as Free-Riders: Evidence From a Natural Field Experiment, Conditionally accepted by Economic Journal.
Chen, SX; Guo, B. and Qiu, YM. 2022, Testing and Signal Identification for Two-sample High-dimensional Covariances via Multi-level Thresholding, Journal of Econometrics, 38(01), 196-207.
Yacine Aït-Sahalia; Chenxu Li; Chen Xu Li. 2022, Maximum Likelihood Estimation of Latent Markov Models Using Closed-Form Approximations, Journal of Econometrics, forthcoming.
Chenchen Ma; Yundong Tu. 2022, Group Fused LASSO for Large Factor Models with Multiple Structural Changes, Journal of Econometrics, forthcoming.
Tu, Yundong; Liang, Han-Ying; Wang, Qiying. 2022, Nonparametric Inference for Quantile Cointegrations with Stationary Covariates, Journal of Econometrics, 230(2), 453-482.
Zhao, Junlong; Liu, Xiumin; Wang, Hansheng; Leng, Chenlei. 2022, Dimension Reduction for Covariates in Network Data, Biometrika, 109(1), 85-102.
Yinglu Deng; Li Liao; Jiaheng Yu; Yu Zhang. 2022, Capital Spillover, House Prices, and Consumer Spending: Quasi-Experimental Evidence from House Purchase Restrictions, Review of Financial Studies, 35(6): 3060-3099.
Sheng Huang; Ruichang Lu; Anand Srinivasan. 2022, Bank Dependence and Bank Financing in Corporate M&A, Management Science, 68(3): 2250-2283.
Ruichang Lu; Qiaowei Shen; Tenghui Wang; Xiaojun Zhang. 2022, Frenemies: Corporate Advertising Under Common Ownership, Management Science, 68(6): 4645-4669.
Miao Jin; Yu-Jane Liu; Juanjuan Meng; Yu Zhang. 2022, The Transmission of Income Variations to Consumption Variations: The Role of the Firm, Review of Economics and Statistics, 1-45.
Jeremy Greenwood; Pengfei Han; Juan M. Sanchez. 2022, Financing Ventures, International Economic Review, 63(3): 1021-1053.
Zeyang Chen; Yu-Jane Liu; Juanjuan Meng; Zeng Wang. 2022, What's in a Face? An Experiment on Facial Information and Loan-Approval Decision, Management Science, forthcoming.
Zhibing Li, Laura Xiaolei Liu, Xiaoyu Liu, K.C. John Wei, 2022, Replicating and Digesting Anomalies in the Chinese A-share Market, Management Science, forthcoming.
Lu, Ruichang; Shen, Qiaowei; Wang, Tenghui; Zhang, Xiaojun. 2022, Frenemies: Corporate Advertising Under Common Ownership, Management Science, 68:(6)4645-4669.
Xu, Minzhe; Zhihao Yu; and Yanping Tu. I Will Get a Reward, Too: When Disclosing the Referrer Reward Increases Referring, Journal Of Marketing Research, forthcoming.
Wang, Yajin.; Xu, Alison Jing.; Zhang, Ying. L'Art Pour l'Art: Experiencing Art Reduces the Desire for Luxury Goods, Journal Of Consumer Research, forthcoming.
Haidong Li; Henry Lam; Yijie Peng. 2022, Efficient Learning for Clustering and Optimizing Context-Dependent Designs, Operations Research, forthcoming.
Lu, Tao; Yuan, May; Wang, Chong (Alex); Zhang, Xiaoquan (Michael). 2022, Histogram Distortion Bias in Consumer Choices, Management Science, forthcoming.
Linna Xu; Zhi Liu; Ming Ji; Yuntao Dong; Chia-Huei Wu. Leader perfectionism—friend or foe of employee creativity? Locus of control as a key contingency, Academy of Management Journal, 2022.
Yuyu Chen, Mitsuru Igami, Masayuki Sawada, and Mo Xiao. Privatization and Productivity in China. The RAND Journal of Economics 52.4.(2021): 884-916.
Xiaoyong Cui, Liutang Gong, and Wenjian Li. Supply-Side Optimal Capital Taxation with Endogenous Wage Inequality. Journal of Public Economics 198 (2021): 104421.
Chen, Song Xi; Peng, Liuhua. Distributed Statistical Inference for Massive Data[J]. Annals of Statistics. 2021,5(49):2851-2869.
Qiao Liu, Qiaowei Shen, Zhenghua Li, Shu Chen. Stimulating Consumption at Low Budget: Evidence from a Large-Scale Policy Experiment Amid the COVID-19 Pandemic. Management Science, 2021, 67(12): 7291-7307.
Miao Jin, Yu-Jane Liu, Juanjuan Meng, Yu Zhang. The Transmission of Income Inequality to Consumption Inequality: the Role of Firms. The Review of Economics and Statistics, Forthcoming.
Gai, Phyliss Jia; Puntoni, Stefano. Language and Consumer Dishonesty: A Self-Diagnosticity Theory. Journal of Consumer Research, 2021, 48(2):333-351.
Li, Hui; Shen, Qiaowei; Bart, Yakov . Dynamic Resource Allocation on Multi-Category Two-Sided Platforms. Management Science, 2021, 67(2): 984-1003.
Ji, Junkang; Huang, Zhi; Li, Qi. Guilt and Corporate Philanthropy: the Case of the Privatization in China. Academy of Management Journal, 2021-12.
Ke, Bin; Zhang Xiaojun; Does Public Enforcement Work in Weak Investor Protection Countries? Evidence from China. Contemporary Accounting Research, Forthcoming.
Li, Congcong; Lin An-Ping; Lu Hai; Veenstra Kevin J. Gender and Beauty in the Financial Analyst Profession: Evidence from the United States and China. Review of Accounting Studies, 2020,6(25):1230-1262.
Ma, Zhiming; Lufei Ruan; Danye Wang; Haiyan Zhang; Generalist CEOs and Credit Ratings. Contemporary Accounting Research, Forthcoming.
Zhou, Li-An; Yi Chen; Ziying Fan; Xiaomin Gu; Arrival of Young Talent: The Send-down Movement and Rural Education in China; American Economic Review; forthcoming
Hefti, Andreas; Liu, Shuo; Targeted information and limited attention; Rand Journal Of Economics 51(2): 402-420, 2020
Ma, Yingying; Pan, Rui; Zou, Tao; Wang, Hansheng(2020), A naive least squares method for spatial autoregression with covariates, Statistica Sinica, 30(2):653-672.
Ren, TN; Wang, FF; Wang, HS(2020), A sequential naive bayes method for music genre classification based on transitional information from pitch and beat, Statistics and its Interface, 13(3):361-371.
Xu, K; Sun, LP; Liu, J; Zhu, XN; Wang, HS(2020), A spatial autoregression model with time-varying coefficients, Statistics and its Interface, 13(2):261-270.