Publications

  • Zhang, H., Wu, K., Qiu, Y., Chan, G., Wang, S., Zhou, D., Ren, X. 2020. Solar photovoltaic interventions have reduced rural poverty in China [J], Nature Communications 11: 1169 [PDF]

  • Zhang, H., Xu, Z., Wu, K., Zhou, D., Wei, G. 2019. Multi-dimensional poverty measurement for photovoltaic poverty alleviation areas: Evidence from pilot counties in China[J]. Journal of Cleaner Production, 241 [PDF]

  • 陈海强, 韩乾, 吴锴. 融资约束抑制技术效率提升吗?——基于制造业微观数据的实证研究[J]. 金融研究, 2015, 10: 148-162. [PDF]​​

  • Chen, H., Han, Q., Li, Y., Wu, K. 2013. Does index futures trading reduce volatility in the Chinese stock market? A panel data evaluation approach[J]. Journal of Futures Markets, 33(12), 1167-1190. [PDF]
 
  • 陈海强, 韩乾, 吴锴. 现金流波动, 盈利稳定性与公司价值——基于沪深上市公司的实证研究[J]. 金融研究, 2012, 9: 181-194 [PDF]

  • 吴锴, 喻登科, 肖振红. 股息公告与自由现金流假说: 理论与验证[J]. 经济与管理研究, 2009, 2: 70-75 [PDF]

Book Chapters

  • 理财规划基础, 李青云主编, 中国金融出版社, 2020, 北京
  • ​金融科技学, 李建军主编, 高等教育出版社, 2020, 北京

Working Papers

  • Intangible Intensity and Stock Price Crash Risk  [PDF]  (Revised and resubmitted, Journal of Corporate Finance) 
      with Seiwai La​i

  • Manager Sentiment, Deal Characteristics, and Takeover Performance [PDF] (Revised and resubmitted, Journal of Banking and Finance)
           with Suwei An and Xiaofen Tan​

  • The Economic Consequences of Mutual Fund Advisory Misconduct  [PDF]  (under review)
       with Bing Liang and Yuying Sun
 
  • Economic Policy Uncertainty and Global ETF Flows  [PDF]  (under review) 
       with Yuying Sun, Seiwai Lai and Yindi Shen

  • Intellectual Property Protection and Firm Innovation: Evidence from a Natural Experiment in China [PDF]  (under review)
    ​ with Maobin Xu

  • The Effect of Oil Supply Shocks on Industry Returns  [PDF] (under review) 
      with Dayong Huang and Jay Li

  • Understanding the Effects of Alternative Cost-of-Equity Proxies on Corporate Investment and Financing  [PDF]  (under review)
          with Soku Byoun

  • Do Political Connections Affect the Effectiveness of Corporate Poverty Alleviation? Evidence from China  (under review)
     with Huiming Zhang, Jiying Huang, Shouyang Wang, and Christian Nygaard

  • Economic Policy Uncertainty and Dynamics of Capital Structure [PDF] (under review)
      with Seiwai Lai

  • Social Networks and Household Income [PDF] (under review)
       with He Sun

  •  M&A Aggressiveness, Performance Commitment and Stock Price Crash Risk [PDF] (under review)
      with Maobin Xu and Zejun Jin​
 
  • Cost of Capital and Human Capital Investment  [PDF]
      with Soku Byoun​

  • Are Mutual Fund Manager Skills Transferable to Private Funds?  [PDF]  
       with Ying Sophie Huang and Bing Liang
 
  • Acquisition for Innovations? M&A Intensity and Intra-Firm R&D Allocations [PDF] 
            with Shuxun Wang and Seiwai Lai

  • Innovation Overload?  [PDF]
          with Byoung-Hyoun Hwang and Hugh Hoikwang Kim​
​
  • 信息不对称、对外担保与股价崩盘风险 [PDF]  (审稿中) ​
       与金泽俊、徐茂宾合作​

  • 利率市场化、所有制性质与企业创新 [PDF]  (审稿中) 
       与金泽俊合作

  • 上证50ETF期权交易对现货市场波动率的影响——基于面板数据的评估方法 [PDF]  (审稿中) 
      与冯惟扬合作

Works in Progress

  • Bank Loan Sales​​
  • Relative Performance Evaluation
  • Firm-Level Political Risk
  • Multinational Corporations
  • Intangible Assets