All Outputs (5)

Optimizing Currency Factors (2025)
Journal Article
Fan, M., Kearney, F., Li, Y., & Liu, J. (online). Optimizing Currency Factors. Financial Review, https://doi.org/10.1111/fire.70000

We introduce a novel framework that dynamically optimizes currency factor strategies via trading currency spot and forward. We examine the performance of 24,336 portfolio optimization approaches and find that the optimized currency factors significan... Read More about Optimizing Currency Factors.

Entrepreneurship in the digital era (2025)
Journal Article
Zhou, J., Zhang, X., Korkmaz, A. G., Li, Y., & Yue, P. (2025). Entrepreneurship in the digital era. Research in international business and finance, 78, Article 102965. https://doi.org/10.1016/j.ribaf.2025.102965

This study uses panel data from 297 prefecture-level cities from 2010 to 2021 to explore the relationship between digital economy development and urban entrepreneurship. By leveraging the “Broadband China” pilot city policy as a quasi-natural experim... Read More about Entrepreneurship in the digital era.

Does firm internationalization improve ESG performance? Evidence from China (2025)
Journal Article
Zhou, J., Wu, K., & Li, Y. (2025). Does firm internationalization improve ESG performance? Evidence from China. International Review of Economics and Finance, 101, Article 104168. https://doi.org/10.1016/j.iref.2025.104168

Amidst the current era of economic globalization, the internationalization of emerging market firms (EMFs) and their sustainable development are increasingly prominent. Environmental, Social, and Governance (ESG) has received widespread attention as... Read More about Does firm internationalization improve ESG performance? Evidence from China.

Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk (2025)
Journal Article
He, F., Du, H., Li, Y., & Hao, J. (2025). Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk. Journal of Business Ethics, https://doi.org/10.1007/s10551-025-05934-w

Regulatory intervention is important in shaping corporate behaviour, especially in markets with relatively weak property rights. Using a sample of publicly listed companies in China from 2006 to 2021, this study investigates the impact of regulatory... Read More about Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk.

Attention allocation: An empirical analysis of the asymmetric market responses to information shocks in China (2025)
Journal Article
Gao, Y., Han, X., Li, Y., Vigne, S. A., & Xiong, X. (online). Attention allocation: An empirical analysis of the asymmetric market responses to information shocks in China. Financial Review, https://doi.org/10.1111/fire.12425

Attention allocation—investors allocate their attention disproportionately within a day—has implications on how the market responds to information. Using high-frequency jumps detected in China, we show that the market underreacts to overnight informa... Read More about Attention allocation: An empirical analysis of the asymmetric market responses to information shocks in China.