2022 Asian Finance Association (AsianFA) Annual Conference

Conference

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Date

27 - 29 Jun 2022
Organiser

School of Accounting and Finance, Faculty of Business, The Hong Kong Polytechnic University
Time

09:00 - 18:00
Venue

Zoom

Enquiry

AsianFA Annual Conference asianfa.conf@polyu.edu.hk

AsianFA Doctoral Consortium asianfa.dc@polyu.edu.hk

Registration Papers Home Organizing Committee Keynote Speaker General Info

Conference Highlights

June 27 (Mon)

Doctoral Consortium

The doctoral consortium is mainly for doctoral students and professors who graduated in recent years. If you are interested to attend the consortium, please email asianfa.dc@polyu.edu.hk and provide your name, affiliation and email address.

Click HERE for the Doctoral consortium programme.

Invited talk 1: Trends in Empirical Research in Finance
Prof. Chen Lin, Chair of Finance, The University of Hong Kong

Invited talk 2: Information Sharing in Financial Markets (slides)
Prof. Liyan Yang, Professor of Finance, University of Toronto

Invited talk 3: Surviving Tips for PhD Students and Junior Faculty Members
Prof. Xuan Tian, Associate Dean and Chair Professor of Finance, Tsinghua University

Invited talk 4: Expected Returns in Currency Markets (slides)
Prof. Pasquale Della Corte, Imperial College London

June 27 (Mon)

Asian Finance Association Board meeting (by Invitation)

June 28-29 (Tue & Wed)

Annual Conference

Click HERE for the conference programme.

The conference will be held in Hong Kong local time (UTC/ GMT +8). To check your local time, please click HERE.

Please check the website regularly for the latest updates.

Registration is now closed. Thank you.

Paper ID	Paper Title	Author(s)
1	Natural Disasters and Firm Leasing	Jiawei (Brooke) Wang, University of Iowa
3	Families in corporate venture capital	Mario Daniele Amore, Bocconi University
11	Tobin Tax Policy, Housing Speculation, and Property Market Dynamics	Sumit Agarwal, National University of Singapore Kwong Wing Chau, University of Hong Kong Maggie Hu, The Chinese University of Hong Kong Wayne Wan, University of Cambridge
12	Evading Capital Controls via Cryptocurrencies: Evidence from the Blockchain	Maggie Hu, The Chinese University of Hong Kong Adrian Lee, Deakin University Talis Putnins, University of Technology Sydney
13	CEO Overconfidence and the COVID-19 Pandemic	Maggie Hu, The Chinese University of Hong Kong Desmond Tsang, McGill University Wayne Wan, University of Cambridge
15	Something in the Air: Does Air Pollution Affect Fund Managers’ Carbon Divestment?	Thanh Huynh, Monash University Frank Weikai Li, Singapore Management University Ying Xia, Monash University
20	CEO Hometown Favoritism in Corporate Environmental Policies	Wei Li, Shanghai University of Finance and Economics Qiping Xu, University of Illinois Urbana Champaign Qifei Zhu, Nanyang Technological University
25	Capital structure as an investment decision	Liuren Wu, Baruch College, The City University of New York Yang Xu, Baruch College, The City University of New York
27	Testing for Jumps in a Discretely Observed Price Process with Endogenous Sampling Times	Yifan Li, University of Manchester Ingmar Nolte, Lancaster University Sandra Nolte, Lancaster University Shifan Yu, Lancaster University
31	Insider Stock Pledging and Stock Price Informativeness: Evidence from India	Amanjot Singh, King's University College at the University of Western Ontario
32	Transmission of Firm-Specific Volatility Shocks in Option Market	Wenli Huang, The Hong Kong Polytechnic University CPCE Gang Li, The Hong Kong Polytechnic University Shaojun Zhang, The Hong Kong Polytechnic University
33	Asset Pricing with Panel Trees under Global Split Criteria	Xin He, City University of Hong Kong Will Cong, Cornell University Guanhao Feng, City University of Hong Kong Jingyu He, City University of Hong Kong
43	Factorization Asset Pricing	Qian Qi, Peking University
48	Overreact to Returns and Underreact to Fundamentals: An Anatomy of Return Extrapolation	Li Siyang, PBC School of Finance Yang Siyuang, PBC School of Finance
49	“Buy the Rumor, Sell the News”: Liquidity Provision by Bond Funds Following Corporate News Events	Alan Huang, University of Waterloo Russell Wermers, University of Maryland Jinming Xue, Southern Methodist University
54	Climate Risk and Corporate Payout Policies around the World	Lin Mi, University of Queensland
57	Informational Role of Analyst and Investor Days	Kotaro Miwa, Kyushu University
58	Self-Policing, Indeterminacy, and Minimum Salary	Kentaro Asai, Australian National University Tatsuhiko Inatani, Kyoto University
59	Trade Secrets Laws and Technology Spillovers	Yanzhi Wang, National Taiwan University
60	Identifying S-Shaped Consumption Utility and Solving the Equity Premium Puzzle	Gaosheng Ju, Fudan University Qi Li, Texas A&M University
62	How Does the Equity Market Stabilize the Economy via Bank Lending?	Yunqi Zhang, Nankai University
63	Mutual Fund Flows and Capital Supply in Municipal Financing	Manuel Adelino, Duke University Sophia Chiyoung Cheong, City University of Hong Kong Jaewon Choi, University of Illinois Urbana-Champaign Ji Yeol Jimmy Oh, Hanyang University
69	Do Short Sellers Use Textual Information? Evidence from Annual Reports	Hung Wan Kot, University of Macau Frank Weikai Li, Singapore Management University Morris Liu, University of Macau K. C. John Wei, The Hong Kong Polytechnic University
72	The Real Impact of FinTech: Evidence from Mobile Payment Technology	Sumit Agarwal, National University of Singapore Wenlan Qian, National University of Singapore Yuan Ren, Zhejiang University Hsin-Tien Tsai, National University of Singapore Bernard Yeung, National University of Singapore
73	The Effect of Wealth Shocks on Shirking: Evidence from the Housing Market	Quanlin Gu, Central University of Finance and Economics Jia He, Nankai University Wenlan Qian, National University of Singapore Yuan Ren, Zhejiang University
79	Nonlinear Incentives in the Consumer Credit Market: Evidence from a Natural Field Experiment	Chen Chen, Monash University Difang Huang, Monash University
80	Birth order and fund manager’s trading behavior: Role of sibling rivalry	Vikas Agarwal, Georgia State University Alexander Cochardt, University of St. Gallen Stephan Heller, University of St. Gallen Vitaly Orlov, University of St. Gallen
86	Financial Development, Firm Growth, and Aggregate Productivity Divergence in Europe	Xiaomei Sui, University of Rochester
88	Ultimate government control and stock price crash risk: Evidence from China	Lingxia Sun, Sun Yat-sen University
89	Incentivizing Investors for a Greener Economy	Nam Nguyen, University of Texas at Dallas
92	The Impact of the Deposit Channel on the International Transmission of Monetary Shocks	Sergey Sarkisyan, University of Pennsylvania Tasaneeya Viratyosin, University of Pennsylvania
93	Comparing Search and Intermediation Frictions Across Markets	Gabor Pinter, Bank of England Semih Üslü, Johns Hopkins University
95	Do Mutual Funds Walk the Talk? A Textual Analysis of Risk Disclosure by Mutual Funds	Nan Xu, Nankai University Jinfei Sheng, University of California, Irvine Lu Zheng, University of California, Irvine
97	Investor-firm Interactions and Corporate Securities Fraud	Lawrence Kryzanowski, Concordia University Mingyang Li, Zhongnan University of Economics and Law Sheng Xu, Zhongnan University of Economics and Law Jie Zhang, Trent University
98	Does Social Media Analyst Coverage Affect IPO Underpricing?	Yuqi Han, Temple University Chi Zhang, University of Massachusetts Lowell
101	The Externalities of Political Connections in the Product Market	Shu LIU, Zhongnan University of Economics and Law Rui Zhu, Singapore Management University
103	Competitive Corporate Social Responsibility	Neal Stoughton, Wirtschaftsuniversität Wien Keith K.P. Wong, The University of Hong Kong Long Yi, Hong Kong Baptist University
105	The Mitigation of Reputational Risk via Responsive CSR: Evidence from Securities Class Action Lawsuits	Daewoung Choi, Louisiana State University in Shreveport Douglas Cook, University of Alabama M. Tony Via, Kent State University Weiwei Zhang, James Madison University
106	Individualistic CEO and Corporate Innovation: Evidence from U.S. Frontier Culture	Lei Gao, George Mason University Jianlei Han, Macquarie University Zheyao Pan, Macquarie University Huixuan Zhang, Macquarie University
110	Is firm-level political risk priced in the equity option market?	Thang Ho, Lancaster University Anastasios Kagkadis, Lancaster University George Wang, Lancaster University
111	Dual Trading and Price Discovery at Market Close: Theory and Evidence	Jiaheng Yu, MIT
113	Why does option open interest predict stock returns?	YI Zhou, San Francisco State University
114	Mandatory Retirement of Subnational Leaders as a Corporate Governance Mechanism	Hua Cheng, Nankai University Yongjin Wang, Nankai University
115	Nowcasting firms’ fundamentals: Evidence from the cloud	Ran Chang, Shanghai Jiao Tong University Zhi Da, University of Notre Dame
116	Machine Forecast Disagreement and Equity Returns	Ran Chang, Shanghai Jiao Tong University
117	The Effect of Intellectual Property Rights Protection on Stock Price Synchronicity: Evidence from the Agreement on Trade-Related Aspects of Intellectual Property Rights	Fangfang Hou, Xiamen University Jeffrey Ng, The Hong Kong Polytechnic University Tharindra Ranasinghe, American University
118	ESG and the Market Return	Ran Chang, Shanghai Jiao Tong University Liya Chu, East China University of Science and Technology (ECUST) Jun Tu, Singapore Management University Bohui Zhang, The Chinese University of Hong Kong, Shenzhen Guofu Zhou, Washington University in St. Louis
121	Joint News, Attention Spillover, and Market Returns	Li Guo, Fudan University Lin Peng, Baruch College, The City University of New York Yubo Tao, University of Macau Jun Tu, Singapore Management University
122	Feedback, Flow-induced Fire Sales, and Option Returns	Han Xiao, Pennsylvania State University
124	Organizational Capital, Tobin’s Q, and the Cross Section of Stock Returns	Kai Wang, Stevens Institute of Technology
125	Liquidity Shocks and the Negative Premium of Liquidity Volatility Around the World	Frank Feng, Shanghai University of Finance and Economics Wenjin Kang, Shanghai University of Finance and Economics Huiping Zhang, James Cook University
127	Organized Labor and Capital Markets: Evidence from the U.S. Municipal Bond Market	Yunhui Han, University of Utah
128	Does Death Teach Us Wisdom? Evidence from Trading during the COVID-19 Pandemic in India	Pulak Ghosh, Indian Institute of Management Bangalore Jayanta Kumar Seal, Indian Institute of Foreign Trade Hong Zhang, PBC School of Finance, Tsinghua University Jian Zhang, The University of Hong Kong
129	Information Specialization, Strategic Complementarity, and Market Efficiency: Evidence from Institutional Investors	Massimo Massa, INSEAD Hong Zhang, PBC School of Finance, Tsinghua University Yijun Zhou, Baruch College, The City University of New York
130	Policy Uncertainty Discourages Green Investment: Evidence from China	Mengyu Wang, Pbcsf, Tsinghua University Jeffrey Wurgler, New York University Hong Zhang, PBC School of Finance, Tsinghua University
131	Rank-and-File Employee Stock Options and Workplace Safety	Yangyang Chen, City University of Hong Kong Emmanuel Ofosu, City University of Hong Kong Madhu Veeraraghavan, TA PAI Management Institute Leon Zolotoy, University of Melbourne
136	Why is there so much side-by-side management in the ETF industry?	Mancy Luo, Erasmus University David Schumacher, McGill University
140	Volatility Uncertainty, Disasters, and the Puzzle of VIX Futures Contango	Gurdip Bakshi, Temple University John Crosby, University of Maryland Xiaohui Gao, Temple University jinming xue, Southern Methodist University
143	Who Listens to Corporate Conference Calls? The Effect of “Soft Information” on Institutional Trading	Alan Huang, University of Waterloo Russell Wermers, University of Maryland
146	Outsourcing Climate Change	Rui Dai, WRDS, The Wharton School Rui Duan, WU Vienna University of Economics and Business Hao Liang, Singapore Management University Lilian Ng, York University
151	Individual Investors’ Trading Behavior and Gender Difference in Tolerance of Sex Crimes: Evidence from a Natural Experiment	Huasheng Gao, Fanhai International School of Finance, Fudan University Zhengkai Liu, Fudan University Chloe (Chunliu) Yang, Fudan University
153	Aggregating diverse information from institutions and individuals	Li Guo, Fudan University Bo SANG, Singapore Management University
154	Can Retail Investors Learn from Insiders?	Ekkehart Boehmer, Singapore Management University Bo Sang, Singapore Management University Zhe Zhang, Singapore Management University
155	The Voice of Retail Investors and Corporate Earnings Quality	Guilong Cai, Sun Yat-sen University Bingxuan Lin, University of Rhode Island Rui Lu, Sun Yat-sen University Yanan Zhang, Sun Yat-sen University
157	International Pecking Order	Egemen Eren, Bank for International Settlements Semyon Malamud, Ecole Polytechnique Federale de Lausanne Haonan Zhou, Princeton University
162	A Psychological Perspective on Household Financial Distress: The Role of Emotional Support	Da Ke, University of South Carolina
163	Intrahousehold Disagreement about Macroeconomic Expectations	Da Ke, University of South Carolina
164	Corporate investment, financing, and exit model with an earnings-based borrowing constraint	Michi Nishihara, Osaka University Takashi Shibata, Tokyo Metropolitan University Chuanqian Zhang, William Paterson University
165	Corporate Tax Cuts for Small firms: What Do Firms Do?	Wei Cui, University of British Columbia Mengying Wei, University of International Business and Economics Weisi Xie, Shanghai Jiao Tong University Jing Xing, Shanghai Jiao Tong University
172	Technology and Cryptocurrency Valuation	Jinfei Sheng, University of California, Irvine Yukun Liu, University of Rochester Wanyi Wang, University of California, Irvine
173	Partisan Return Gap: The Polarized Stock Market in the Time of a Pandemic	Jinfei Sheng, University of California, Irvine Zheng Sun, University of California, Irvine Wanyi Wang, University of California, Irvine
174	Shareholder Litigation and Corporate Culture	Cheng Jiang, Temple University Kose John, New York University Ming Ju, Louisiana Tech University
175	An Unintended Consequence of Holding Dollar Assets	Robert Czech, Bank of England Shiyang Huang, The University of Hong Kong Dong Lou, London School of Economics Tianyu Wang, Tsinghua University
176	FX Option Volume	Robert Czech, Bank of England Shiyang Huang, The University of Hong Kong Tianyu Wang, Tsinghua University
177	Trust in DeFi: An Empirical Study of the Decentralized Exchange	Jianlei Han, Macquarie University Shiyang Huang, The University of Hong Kong Zhuo Zhong, University of Melbourne
178	Biased Judges? Judge Characteristics and Bankruptcy Outcomes	Donghyun Kang, Copenhagen Business School
179	Forecasting Option Returns with News	Jie Cao, Chinese University of Hong Kong Bing Han, University of Toronto Gang Li, Chinese University of Hong Kong Ruijing Yang, Chinese University of Hong Kong Xintong Zhan, Fudan University
181	When MIDAS Meets LASSO: Forecasting Tail Risk Using Effective Macroeconomic Variables	Sherry Luo, Lancaster University Xiaohan Xue, University of Reading
182	Work from Home, Managerial Sentiment, and Corporate Liquidity Management under COVID-19	Lilian Ng, York University Jing Yu, University of Sydney Linyang Yu, York University
183	Earnings Announcements in China: Overnight-Intraday Disparity	Ole-Kristian Hope, University of Toronto Danqi Hu, Peking University Junhao Liu, University of Toronto
186	Proxy Voting and CEO Pay: Evidence from the Rejection of Inevitable Disclosure Doctrine	Xiaohui Li, The Hong Kong Polytechnic University Yao Shen, City Univeristy of New York Jing Xie, The Hong Kong Polytechnic University
187	Social Contagion and the Survival of Diverse Investment Styles	David Hirshleifer, University of Southern California Andrew Lo, Massachusetts Institute of Technology Ruixun Zhang, Peking University
190	CEO Neuroticism and Corporate Cash Holdings: Evidence from CEOs’ Tweets	Dien Giau Bui, Yuan Ze University Robin K. Chou, National Chengchi University Chih-Yung Lin, National Yang Ming Chiao Tung University Chienlin Lu, National Ilan University
193	Employee Disclosure and Expected Crash Risk: Evidence from Staggered Initiation of Employee Reviews on Social Media	Shenglan Chen, Zhejiang University of Technology Hui Ma, Tongji University Xuedan Tao, Tongji University Huabing Wang, West Texas A&M University
195	Tax-Loss Harvesting with Cryptocurrencies	Lin William Cong, Cornell University Wayne Landsman, University of North Carolina Daniel Rabetti, Tel Aviv University
197	Optimal Shadow Banking	Jinfan Zhang, The Chinese University of Hong Kong, Shenzhen Zehao Liu, Renmin University of China Ting Yang, North China University of Technology
199	Profiting from Private Information about Cyberattacks on Rivals: Evidence from Informed Trading by Insiders with Social Ties	Jun-Koo Kang, Nanyang Technological University Jungmin Kim, The Hong Kong Polytechnic University Fangbo Si, Jinan University
200	Dancing with Family Owners: Is Shareholder Activism Effective in Family Firms?	Jun-Koo Kang, Nanyang Technological University Hyemin Kim, Hanyang University Jungmin Kim, The Hong Kong Polytechnic University
201	Tunneling Through Trademarks	Sojung Kim, Korea University Woochan Kim, Korea University
203	Volatility forecasting with machine learning and intraday commonality	Chao Zhang, University of Oxford Yihuang Zhang, University of Oxford Mihai Cucuringu, University of Oxford Zhongmin Qian, University of Oxford
204	The long-run risk premium in the ICAPM: International evidence	Ryuta Sakemoto, Okayama University
205	Timing the market when avoiding corporate taxes: Evidence from industry-level tax avoidance sentiment	Zeyu Sun, University of International Business and Economics Qiang Wu, The Hong Kong Polytechnic University Jing Xie, The Hong Kong Polytechnic University
207	How Does Declining Worker Power Affect Investment Sensitivity to Minimum Wage?	Sreedhar Bharath, Arizona State University Duckki Cho, Peking University Michael Hertzel, Arizona State University
208	The Conduits of Price Discovery: A Machine Learning Approach	Amy Kwan, University of Sydney Richard Philip, University of Sydney Andriy Shkilko, Wilfrid Laurier University
209	Who Benefits from Securities Exchange Innovation?	Andriy Shkilko, Wilfrid Laurier University Konstantin Sokolov, University of Memphis Eduard Yelagin, University of Memphis
210	On the Effects of Continuous Trading	Ivan Indriawan, Auckland University of Technology Roberto Pascual, Universidad de las Islas Baleares Andriy Shkilko, Wilfrid Laurier University
211	Who Gains from Housing Market Stimulus? Evidence from Housing Assistance Grants with Threshold Prices	Sumit Agarwal, National University of Singapore Maggie Hu, The Chinese University of Hong Kong Adrian Lee, Deakin University
212	Signaling Before the Deadline: Management Earnings Forecasts before the Performance Shares Award Evaluation Date	C.S. Agnes Cheng, University of Oklahoma Jing Xie, The Hong Kong Polytechnic University Lingyi Zheng, The Hong Kong Polytechnic University
216	News disagreement, trading volume, and equity prices	Hang Wang, UNSW
217	The U.S. Dollar and Variance Risk Premia Imbalances	Mads Kjær, Aarhus University, CREATES Anders Posselt, Aarhus University
218	Greenwashing with Style: The Effect of ESG-Related Fund Name Changes on Fund Flows	Alexander Cochardt, University of St. Gallen Stephan Heller, University of St. Gallen Vitaly Orlov, University of St. Gallen
222	Currency Risk Under Capital Controls	Xiang Fang, The University of Hong Kong Sining Liu, University of Hong Kong Yang Liu, University of Hong Kong
225	Borrower Investment Efficiency and Private Debt Renegotiation	Sang Woo Sohn, Emory University
230	Power Grab: Activists, Short Sellers, and Disagreement	Tao Li, University of Florida Pedro Saffi, University of Cambridge Daheng Yang, Columbia Business School
231	Main Street’s Pain, Wall Street’s Gain	Nancy Xu, Boston College Yang You, The University of Hong Kong
234	Portfolio Similarity: Institutional Ownership and Asset Prices	Audra Boone, Texas Christian University Hursit Celil, Peking University Srinivasan Selvam, Peking University
235	The Effect of Institutional Investor Portfolio Diversification on Corporate Diversification	Audra Boone, Texas Christian University Hursit Celil, Peking University Seungjoon Oh, Peking University Srinivasan Selvam, Peking University
236	Interpretable and Arbitrage-Free Deep Learning for Corporate Bond Pricing	Guanhao Feng, City University of Hong Kong Liang Jiang, Fudan University Junye Li, Fudan University
237	Contagion of Investor Sentiment in Online Investment Communities: Evidence from Dynamic Visuals on StockTwits	Ming Gu, University of California, Irvine Siew Hong Teoh, UCLA Anderson School of Management, Los Angeles Shijia Wu, The Chinese Univeristy of Hong Kong - Shenzhen
238	Local Agglomeration and Household Mortgage Debt	Walid Saffar, The Hongkong Polytechnic University Longfei Shang, Southwestern University of Finance and Economics
239	Active Mutual Fund Common Owners’ Returns and Proxy Voting Behavior	Ben Charoenwong, National University of Singapore Zhenghui Ni, National University of Singapore Qiaozhi Ye, National University of Singapore
242	Extrapolation and Cognitive Dissonance in the Market for Credit Risk	Arben Kita, University of Southampton
243	Impact Investing and Venture Capital Industry: Experimental Evidence	Ye Zhang, Stockholm School of Economics Finance Department
247	A cultural explanation of the dividend payout of multinational firms	John Zhang, Macau University of Science and Technology
251	“Doing Good” for the Customers? Evidence from Offshore Sales	Izidin El Kalak, Cardiff University Woon Sau Leung, University of Edinburgh Qingwei Wang, Cardiff University
254	Pricing Errors and Cross-sectional Predictability of Corporate Bond Returns: the Role of Investor Sentiment	Xu Guo, Shenzhen University Hai Lin, Victoria University of Wellington Chunchi Wu, State University of New York at Buffalo Guofu Zhou, Washington University in St. Louis
256	Market Responses to Government Control of Privatised Firms: Quasi-Experimental Evidence from Chinese Listed Firms	Sarmistha Pal, University of Surrey Christos P. Mavis, University of Surrey
258	Employment Protection and VC Investment: The Impact of Wrongful Discharge Laws	Wei Wang, Cleveland State University Chris Yung, University of Virginia
260	Glassdoor Best Places to Work: How Do They Work for Shareholders?	Greg Filbeck, Penn State University Xin (Jessica) Zhao, Penn State University at Erie
264	Climate policy uncertainty and firm pollutant emissions	Jiawei (Brooke) Wang, University of Iowa
267	Managerial Agency and Corporate Social Responsibility: Evidence from Shareholder-Creditor Mergers	Hien Nguyen, Ho Chi Minh City University of Technology Hieu Phan, University of Massachusetts Lowell Hong Vo, International University
268	Impact of Climate Change on Bank Loan Contracting: International Evidence from Extreme Temperatures	ZHEN QI, University of Manitoba
270	Soft Information Mutual Fund Managers	Honghui Chen, University of Central Florida Yuanyu Qu, University of International Business and Economics Tao Shen, Tsinghua University Qinghai Wang, University of Central Florida
273	Does a Financial Crisis Impair Corporate Innovation?	Masami Imai, Wesleyan University Michiru Sawada, Nihon University
274	Dissecting Climate Risks: Are they Reflected in Stock Prices?	Renato Faccini, Danmarks Nationalbank Rastin Matin, Danmarks Nationalbank George Skiadopoulos, Queen Mary University of London and University of Piraeus
276	SMEs Amidst the Pandemic and Reopening: Digital Edge and Transformation	Lin William Cong, Cornell University Xiaohan Yang, Peking University Xiaobo Zhang, Peking University
278	Entrepreneurial Optimism and Venture Capital: A Structural Analysis	Richard Fu, University of Alabama, Birmingham Ajay Subramanian, Georgia State University
283	Speaking With One Voice: Shareholder Collaboration on Activism	Shaoting Pi, University of Cambridge
284	Surviving the Fintech Disruption	Wei Jiang, Columbia University Yuehua Tang, University of Florida Rachel Xiao, Georgia State University Vincent Yao, Georgia State University
288	Economic Links from Bonds and Cross-stock Return Predictability	Jian Feng, University of Hong Kong Xiaolin Huo, Renmin University of China Xin Liu, Renmin University of China Yifei Mao, Cornell University
289	Geographic Proximity in Short Selling	Xiaolin Huo, Renmin University of China Xin Liu, Renmin University of China Vesa Pursiainen, University of St. Gallen
290	Socially Responsible Customers and Intangible Investment	Buen Sin Low, Nanyang Technological University Shaojun Zhang, The Hong Kong Polytechnic University
292	Advisor- hedge fund connections and their role in M&A	Lijie Yu, The University of Manchester
299	Learning Through Social Networks: How Workers Optimize the Use of Fintech for Remittances	Sumit Agarwal, National University of Singapore Sangheum Cho, KAIST Hyun-Soo Choi, Korea Advanced Institute of Science and Technology Leora Klapper, The World Bank
307	Political Connections and Corporate Litigation: Evidence from a Quasi-Natural Experiment	Siyang Tian, Southwestern University of Finance and Economics
311	Retail Investor Trading Activities and the Cross-Section of Option Returns	Qingjie Du, The Hong Kong Polytechnic University
312	Opioid Epidemic and Corporate Innovation	Chong Chen, Central University of Finance and Economics Qianqian Huang, City University of Hong Kong Chang Shi, City University of Hong Kong Tao Yuan, Nanjing University
315	Physical Climate Change Exposure and Stock Returns	Cheng Sun, Peking University Jiangmin Xu, Peking University Yihui You, Peking University
316	Does Firms’ Equity Financing Benefit Debtholders? Evidence from Private Placements of Equity	Jun-Koo Kang, Nanyang Technological University Jee Youn Koh, Nanyang Technological University James Park, Korea University
318	Problem Loan Reporting of Banks	Seong Jin Ahn, Korea Advanced Institute of Science and Technology Yong Kyu Gam, University College Dublin
319	Green credit policy and corporate cash holdings: Evidence from China	Xiaoqi Chen, Xiamen University Weiping Li, Sun Yat-sen University Tao Yuan, Nanjing University
320	Collateral Constraint and China's Credit Boom in the Global Financial Crisis: Loan-level Anatomy	Wei Li, East China Normal University Suhua Tian, Fudan University Yongqin Wang, Fudan University
329	Risk-based capital and leverage ratios adjustments by banks: Experience from Canada and the U.S.	Helyoth Hessou, University of Sherbrooke Van Son Lai, Laval University
330	Public Audit Oversight and Corporate Innovation: International Evidence	Yuan Huang, The Hong Kong Polytechnic University Zilong Song, Nanjing University of Finance and Economics K.C. John Wei, The Hong Kong Polytechnic University Kaitang Zhou, Wuhan University
331	Prices Are Less Elastic at More Aggregate Levels	Jiacui Li, University of Utah Zihan Lin, Stanford University
332	Alpha Go Everywhere: Machine Learning and International Stock Returns	Darwin Choi, The Chinese University of Hong Kong Wenxi Jiang, The Chinese University of Hong Kong Chao Zhang, University of Oxford
333	Like A Duck to Water: Do Credit Rating Analysts Outperform in Bond Fund Management?	Xiaolu Hu, RMIT University Haoyi Luo, The University of Melbourne Zijin Xu, The University of Melbourne
335	Financial uncertainty and stock market volatility	Ying Jiang, University of Nottingham Ningbo China Xiaoquan Liu, Nottingham University Business School China Zhenyu Lu, University of Nottingham Ningbo China
337	Patient VCs vs. Deep-Pocketed Incumbents: VC Financing Strategies in the Presence of Competitive Threats	Roham Rezaei, UNSW Business School
339	Public sector union and government financing	Qian He, Lingnan University Sibo Liu, Hong Kong Baptist University Lai Wei, Lingnan University
340	Collateral Quality and House Prices	Jing Zhou, Fudan University
344	What Drives the ESG of Multinationals? Evidence from Chinese Multinational Corporations	Dongxu Li, Xiamen University Xiaoxue Hu, Xiamen University
348	Why Does Options Market Information Predict Stock Returns?	Dmitriy Muravyev, Michigan State University Neil Pearson, University of Illinois at Urbana-Champai Joshua Pollet, University of Illinois at Urbana-Champai
349	Retail Derivatives and Sentiment: A Sentiment Measure Constructed from Issuances of Retail Structured Equity Products	Brian Henderson, George Washington University Neil Pearson, University of Illinois at Urbana-Champai Li Wang, Case Western Reserve University
351	Pricing and Constructing International Government Bond Portfolios	Otto Randl, Vienna University of Economics and Business Giorgia Simion, WU Vienna University of Economics and Business Josef Zechner, Vienna University of Economics and Busin
353	How Does Access to Credit Impact Consumer Expenditure and Savings？	Sumit Agarwal, National University of Singapore Shashwat Alok, Indian School of Business Pulak Ghosh, Indian Institute of Management Xiaoyu Zhang, National University of Singapore
361	Cashless Payment and Financial Inclusion	Shumiao Ouyang, Princeton University
363	How Does BigTech Credit Affect Monetary Policy Transmission?	Xiang Li, Halle Institute for Economic Research
366	What Drives Exchange-Traded Fund Flows?	K.C. John Wei, Hong Kong Polytechnic University Linti Zhang, The Hong Kong Polytechnic University
368	Social Ties and Predictable Returns	Lin Peng, Baruch College, The City University of New York Sheridan Titman, UNIV OF TEXAS-AUSTIN Muhammed Yonac, Baruch College, The City University of New York Dexin Zhou, Baruch College, The City University of New York
372	Sticky Leverage and Debt Overhang: Evidence from Foreign-Denominated Debt in Latin America	Guojun Chen, National University of Singapore Jinyu Liu, University of International Business and Economics Shaowen Luo, Virginia Tech
374	Firms’ demands on inventor executives around IPOs	Yanying Lyu, Tilburg university Lingbo Shen, Tilburg university
375	What is in a promise? The dark side of M&A performance commitment	Johnny Chan, Western Kentucky University Shaojing Ke, Renmin University of China Qinyang Li, Southwest University Nianhang Xu, Renmin University of China
378	Proximity to Stars, Peer Pressure, and Innovation	Yolanda Yulong Wang, Shenzhen University Long Yi, Hong Kong Baptist University
380	Diligent Prices: Textual Changes to 10-Ks and Option Volatility Smirk	Hua Cheng, Nankai University
381	Do Retail Investors Trade on ESG?	Ran Chang, Shanghai Jiao Tong University Julie Wu, University of Nebraska-Lincoln Xiaoyan Zhang, Tsinghua University Xinran Zhang, Central University of Finance and Economics
382	Merger Waves in Digital Era: Evidence from Data Breach Notifiation Law	Yuan Sun, The Hong Kong Polytechnic University Lai Wei, Lingnan University Wensi Xie, The Chinese University of Hong Kong
383	State-owned banks and credit allocation in India: Evidence from an asset quality review	Abhiman Das, Indian Institute of Management, Ahmedabad Sanket Mohapatra, Indian Institute of Management, Ahmedabad Akshita Nigania, Indian Institute of Management Ahmedabad
384	Greenwashing and Bank Loan Contracting: Does Environmental Disclosure Quality Matter to Creditors?	Mohammad Rahaman, Saint Mary's University
386	Two Risk Factors in the Long Run: A Key to Decipher Asset Pricing Puzzles	Nan Li, Shanghai Jiao Tong University
387	Does Uncertain Credit Information Quality Matter for Bond Funds?	Nan Yang, The Hong Kong Polytechnic University
389	Managing China's Stock Markets: the Economics of the National Team	Tri Vi Dang, Columbia University Wei Li, East China Normal University Yongqin Wang, Fudan University
391	Banks Incentive Pay, Diversification and Systemic Risk	Shuo Zhao, Tilburg University
392	Markup Shocks and Asset Prices	Alexandre Corhay, University of Toronto Jun Li, Shanghai Jiao Tong University Jincheng Tong, University of Toronto
393	CEOs’ Names and Financial Misstatements	Ran An, Xiamen University Feng Tian, The Hong Kong Polytechnic University Yinglei Zhang, The Chinese University of Hong Kong
395	Knowledge is Power: A Field Experiment in the Chinese and US Stock Markets	Sonia Man Lai Wong, Lingnan University Yuan Xue, Huazhong University of Science and Technology Bohui Zhang, The Chinese University of Hong Kong, Shenzhen Xiaofeng Zhao, Lingnan University
398	The Crowding Out Effect of Fiscal Expansion on Corporate Borrowing	Zefeng Chen, Peking University Masazumi Hattori, Hitotsubashi University Mai Li, Peking University Haonan Zhou, Princeton University
402	Intergenerational Influences of Personal Bankruptcy: Evidence from Singapore	Sumit Agarwal, National University of Singapore Tien Foo Sing, National University of Singapore Xiaoyu Zhang, National University of Singapore
403	Risk-Taking Incentive in Performance-Vested Restricted Stock Grants and Corporate Innovation	Shunji Mei, The University of Queensland Ronghong Huang, The University of Queensland Kelvin Jui Keng Tan, The University of Queensland
404	Minimum Wages, State Ownership, and Corporate Environmental Policies	Tao Chen, Nanyang Technological University Xi Xiong, Wuhan University Kunru Zou, Renmin University of China
405	Trademark protection and CEO risk-taking incentives	Tao Chen, Nanyang Technological University Yangyang Chen, City University of Hong Kong Bin Yang, Jinan University Tao Yuan, Nanjing University
409	Institutional Investors’ Attention and Management Guidance Behavior	Yubin Li, Harbin Institute of Technology Shenzhen Jia Liu, University of Portsmouth Yang Liu, Southwestern University of Finance and Economics
410	Stock Market and Demand for Labor Skill	Yao Lu, Tsinghua University Liu Yang, University of Maryland Yeqing Zhang, Central University of Finance and Economics
411	Political Relations and Intellectual Collaboration: Evidence from U.S. Multinational Corporations	Chong Chen, Central University of Finance and Economics Yaxuan Qi, City University of Hong Kong Bohui Zhang, The Chinese University of Hong Kong, Shenzhen
412	The Price of Losing Trust: The Case of YouTube Creators	Sung Kwan Lee, Chinese University of Hong Kong, Shenzhen
414	Distracted Investors under Institutional Cross-Blockholding: Evidence from Corporate Social Responsibility	Tao Chen, Nanyang Technological University Jimmy Qu, Nanyang Technological University
415	The Impact of Cash Flow Uncertainty on Investment-Cash Flow Sensitivity in China: The Debt Financing Channel	Sai Ding, University of Glasgow Minjoo Kim, University of Liverpool Xiao Zhang, Nankai University
416	CSR disclosure and corporate innovation: Evidence from China	Jianfu Shen, The Hong Kong Polytechnic University
418	Do institutional investors exploit expectation errors in value/glamour stocks?	Iftekhar Hasan, Fordam University Jianfu Shen, The Hong Kong Polytechnic University Chi Cheong Allen Ng, The Hong Kong Polytechnic University
419	Which Expectation? Toward a Unified Framework of Expectation-based Asset Pricing	Yingguang Zhang, Peking University
422	Information Diffusion into Multi-(Secretive)-Segment Firms	C.S. Agnes Cheng, University of Oklahoma Chengwei Wang, Sungkyunkwan University SKKGSB
423	Green or Brown: Which Overpriced Stock to Short Sell?	Weiming Zhang, Chinese University of Hong Kong
425	Directors’ Personal Experience and Corporate Environmental Performance	Qianqian Huang, City University of Hong Kong Feng Jiang, State University of New York at Buffalo Yuhai Xuan, University of California, Irvine Xunan Zhou, City University of Hong Kong
427	Rainy Day Liquidity	Jingzhi Huang, Pennsylvania State University Xin Li, Michigan Technological University Mehmet Saglam, University of Cincinnati Tong Yu, University of Cincinnati
429	Regularized Mimicking Portfolios	Dan Luo, Temple University Oleg Rytchkov, Temple University Xun Zhong, Fordham University
431	The Effect of ESG-motivated Turnover on Firm Financial Risk	Daewoung Choi, Louisiana State University Shreveport Yong Kyu Gam, University College Dublin Min Jung Kang, University of Michigan-Flint Hojong Shin, California State University, Long Beach
433	Instrumented Expected Profitability Premium	Te-Feng Chen, The Hong Kong Polytechnic University Ye Gong, The Hong Kong Polytechnic University K. C. John Wei, The Hong Kong Polytechnic University
435	The Bundled Design of Institutional Loan Deals – An Information Asymmetry Perspective	Shibin Tang, University of Toronto
445	Mutual Risk Sharing and Fintech: The Case of Xiang Hu Bao	Hanming Fang, University of Pennsylvania Xiao Qin, Shanghai Jiao Tong University Wenfeng Wu, Shanghai Jiao Tong University Tong Yu, University of Cincinnati
449	Rating Agency Beliefs and Credit Market Distortions	Chen Wang, University of Notre Dame Gregory Weitzner, McGill University
451	Sustainable Mutual Fund Performance and Flow in the Recent Years Through the COVID-19 Pandemic	Fei Fang, Clark University Sitikantha Parida, Clark University
456	The Role of Financial Reporting Quality in Private Placements	C.S. Agnes Cheng, University of Oklahoma Jiajia Fu, University of Texas Rio Grande Valley Zhi LI, The Hong Kong Polytechnic University Jing Xie, Hong Kong Polytechnic University
457	The Effect of Institutional Investor Distraction on Analyst Forecasts	Zhi LI, The Hong Kong Polytechnic University Jing Xie, Hong Kong Polytechnic University
461	Sell-by-Plan Mandate and Opportunistic Insider Selling	Pengfei Ye, Virginia Polytechnic Institute and State University Qingsheng Zeng, Shanghai University of Finance and Economics Cheng Zhang, East China Normal University
462	Happiness and Innovation around the World	Yuna Heo, Rutgers University Fangfang Hou, Xiamen University Seongkyu (Gilbert) Park, The Hong Kong Polytechnic University
464	Value Relevance of Abnormal Carbon Emissions: Evidence from the United States	Le Luo, Macquarie University
465	FinTech Mergers	Xiaoyu Wang, Georgia State University Alan Zhang, Florida International University
466	Term Structure of Equity in the Cross Section	Sipeng Chen, The Hong Kong Polytechnic University Gang Li, The Hong Kong Polytechnic University K.C. John Wei, The Hong Kong Polytechnic University Linti Zhang, The Hong Kong Polytechnic University
467	Security-Cost Efficiency of Competing Proof-of-Work Cryptocurrencies	Kohei Kawaguchi, Hong Kong University of Science and Technology Shunya Noda, University of Tokyo
471	A dynamic term structure perspective of green premiums: evidence from municipal bond market	Ying Chen, National University of Singapore Linlin Niu, Xiamen University Chen Zhang, NUS (Chongqing) Research Institute
475	Can Machines Understand Human Decisions? Dissecting Stock Forecasting Skill	Sean Cao, Georgia State University Xuxi Guo, Georgia State University Houping Xiao, Georgia State University Baozhong Yang, Georgia State University
483	Intangible Customer Capital and Bank Resilience	Joel Houston, University of Florida Hongyu Shan, Fordham University Yu Shan, Concordia University
484	Cutting Operational Costs by Integrating Fintech into Traditional Banking Firms	Linda Allen, Baruch College, The City University of New York Yu Shan, Concordia University Yi Tang, Fordham University Alev Yildirim, Southern Connecticut State University
488	Out-of-Sample Equity Premium Prediction: The Role of Option-Implied Constraints	Yunqi Wang, Southern University of Science and Technology Ti Zhou, Southern University of Science and Technology
491	Alternative Investments in the Fintech Era: The Risk and Return of Non-fungible Token (NFT)	De-Rong Kong, National Taiwan University Tse-Chun Lin, University of Hong Kong
492	The effect of labor market immobility on syndicated-loan structures	Daphne Lau, City University of Hong Kong
493	Do Short-Sale Constraints Inhibit Information Acquisition? Evidence from Two Natural Experiments	Lixin (Nancy) Su, The Hong Kong Polytechnic University Sonia Man Lai Wong, Lingnan University Yuan Xue, Huazhong University of Science and Technology Xiaofeng Zhao, Lingnan University
499	Too Much to Learn: The Unintended Consequences of RegTech Development on Mergers and Acquisitions	Ming Gu, Xiamen University Dongxu Li, Xiamen University Xiaoran Ni, Xiamen University
500	Climate Vulnerability and Stock Price Crash Risk Worldwide	Xiaoran Ni, Xiamen University Yi Si, Xi'an Jiaotong Univertisty Bohui Zhang, The Chinese University of Hong Kong, Shenzhen
505	A Model of Stock Buybacks	Alvin Chen, Stockholm School of Economics
507	Shared Analyst Coverage and Intra-analyst Information Spillover: Evidence from Management Earnings Forecasts	Mingming Ji, The Hong Kong Polytechnic University Liangliang Jiang, Hong Kong Polytechnic University
509	FinTech Credit, Information Spillover and the Riskiness of Bank Loans	Chunbo Liu, Southwestern University of Finance and Economics Yu Wu, Southwestern University of Finance and Economics Song Zhang, Boston College
511	Does the Nature of Political Connection Matter for Corporate Social Responsibility Engagement? Evidence from China	Erin So, Hong Kong Baptist University
512	Do Women Receive Worse Financial Advice?	Utpal Bhattacharya, Hong Kong University of Science and Technology Amit Kumar, Hong Kong University of Science and Technology Sujata Visaria, Hong Kong University of Science and Technology Jing Zhao, The Hong Kong Polytechnic University
513	Fund Skills Analysis via Machine Learning	Mengchuan Wang, the University of Melbourne
514	Institutional Visitors and Corporate Social Responsibilities	Lewis Tam, University of Macau Shaohua Tian, Macau University of Science and Technology
515	Does Mobile Payment Adoption Reduce Corruption? Cross-country Evidence	Lin Tang, The University of Hong Kong Yuhai Xuan, University of California, Irvine Hong Zou, The University of Hong Kong
517	Failed Venture Capital Fundraising Campaigns and Startup Growth: The Value-Add of Venture Capital Due-diligence	Juanita Gonzalez-uribe, London School of Economics and Political Science Robyn Klingler-Vidra, King's College of London Su Wang, University of Amsterdam Xiang Yin, London School of Economics
518	Present Bias and the Value of Sophistication	Subas Acharya, University of Texas at Dallas
519	Value of payouts in the course of corporate governance reform	Hiroshi Moriyasu, Nagasaki University Shinya Shinozaki, Saga University Konari Uchida, Kyushu University
524	Executive Fiduciary Duties and Workplace Safety	Sichen Shen, Wuhan University Vijay Yerramilli, University of Houston Hong Zou, The University of Hong Kong
525	Abnormal Downside Tail Risk as a Predictor of the Risky Bond Returns: Evidence from Korean Corporate Bond Market	Jisu Ahn, Shinhan Asset Management Injun Hwang, Korea University Baeho Kim, Korea University
526	Firm Foreign Activity and Exchange Rate Risk	Amir Akbari, McMaster University Francesca Carrieri, McGill University
532	Politically Polarized Depositors	Jinoug Jeung, Emory University
533	Home Not So Sweet Home: An Examination of Retail Investors’ Local Information Advantage Using Online Stock Forum Posts	Jiaxing You, Xiamen University Shuyi Zhu, Xiamen University Jingjing Xia, Wenzhou-Kean University
535	Arbitrage and Corporate Decisions	Zhen Lai, Nankai University Yunqi Zhang, Nankai University
539	Does Financial Disclosure Predict Corporate Innovation? Evidence from MD&A Textual Tones	Xun Xiong, University of Kansas Long Zhao, Hunan University
545	The effects of taxation on corporate social responsibility in an emerging market: Evidence from a Korean tax reform	Jiyoon Lee, Yonsei University Hyejin Park, Korea Capital Market Institute Jewon Shin, Yonsei University
546	Greed versus Fear：Which Affects Stock Returns? Evidence from Chinese Option Markets	Huaigang Long, Zhejiang University of Finance and Economics Yanjian Zhu, Zhejiang University
547	Do Investors Value Corporate Workforce Equality?	Yanru HAN, The Chinese University of Hong Kong
548	Difference Is Good: Evidence from the Effect of Ethnicity Diversity on Corporate Interstate Investments	Ying Mao, Lingnan University Zheng Wang, City University of Hong Kong Hong Zou, The University of Hong Kong
549	Media Climate Change Concern and Stock Returns	Liya Chu, East China University of Science and Technology (ECUST) Jun Tu, Singapore Management University Luying Wang, Singapore Management University
551	Growing Up with Finance: Special Economic Zoning and Household Finances in China	Dongni Duan, University of Glasgow Georgios A. Panos, University of Glasgow
553	CFO Gender and Financial Statement Comparability	Fangjun Wang, Xi'an Jiaotong University Zhichao Zhang, Xi'an Jiaotong University Li-Chin Ho, University of Texas at Arlington Muhammad Usman, Nanjing Audit University
556	Does Non-punitive Regulation Diminish Stock Price Crash Risk?	Jing Lu, Chongqing University Yuhang Qiu, Chongqing University
559	The effect of compensation benchmarking – Evidence from share repurchases	yuyuan chang, South China University of Technology Yuyuan Chang, South China University of Technology David Reeb, National University of Singapore Yao Shen, Baruch College, The City University of New York Jing Xie, The Hong Kong Polytechnic University
560	Unveiling the Dividend Puzzle: A Field Experiment	Xiaoqiao Wang, The Chinese University of Hong Kong, Shenzhen Jing Xie, The Hong Kong Polytechnic University Bohui Zhang, The Chinese University of Hong Kong, Shenzhen Xiaofeng Zhao, Lingnan University
561	Disclosure Clientele and Return Co-movement: Evidence from Management Earnings Forecasts	Jeffrey Ng, The Hong Kong Polytechnic University Jing Xie, The Hong Kong Polytechnic University
562	What drives firms’ choice between green and non-green bonds?	Shuyu Li, The University of Manchester Marie Dutordoir, The University of Manchester Joao Quariguasi frota net, The University of Manchester
568	Regulation-induced CSR	Jing Xu, University of Technology Sydney
569	The Coming Battle of Digital Currencies	Lin William Cong, Cornell University Simon Mayer, University of Chicago
570	Nominal Exchange Rates and Heterogeneous Beliefs	Benjamin Croitoru, McGill University Feng Jiao, University of Lethbridge Lei Lu, University of Manitoba
571	Endogenous Limits to Arbitrage and Price Informativeness	Di Cui, Central University of Finance and Economics Oyvind Norli, BI Norwegian Business School Johann Reindl, Oslo Metropolitan University
572	Trust, but verify: The economics of scams in initial coin offerings	Kenny Phua, University of Technology Sydney Bo Sang, Singapore Management University Chishen Wei, Singapore Management University Gloria (Yang) Yu, Singapore Management Univesity
573	The strategic use of corporate philanthropy: Evidence from bank donations	Seungho Choi, Queensland University of Technology Jonghyeon Park, UNSW Simon Xu, UC Berkeley
575	Environmental regulation, pollution, and shareholder wealth	Seungho Choi, Queensland University of Technology Ross Levine, University of California at Berkeley Raphael Jonghyeon Park, University of New South Wales Simon Xu, University of California at Berkeley
576	Covid-19 and Firm Communication: How Mobility Constraints Affect the Conference Call Sentiment?	Wenyao Hu, Saint Mary's University Heng (Emily) WANG, Oklahoma State University
579	Retail investor attention and equity mispricing: Evidence from celebrity endorsements	Xiaoran Ni, Xiamen University Xuanying Yu, Zhongnan University of Economics and Law Yong Huang, Zhongnan University of Economics and Law
580	Do Local Newspapers Matter to Institutional Investors?	Byoung Uk Kang, The Hong Kong Polytechnic University Jonathan Nam, The Hong Kong Polytechnic University
585	Do Labor Mobility Restrictions affect Debt Maturity?	Mong Shan Ee, Deakin University Iftekhar Hasan, Fordham University He Huang, University of Sydney
586	Credit Reallocation Effects of the Minimum Wage	Tse-Chun Lin, University of Hong Kong Xiaoran Ni, Xiamen University Yuchao Peng, Central University of Finance and Economics,
588	Ambiguity and Market Underreactions to Earnings News	Xiaobo Liang, University of Hawaii at Manoa Qianqiu Liu, Shidler College of Business, University of Hawaii S. Ghon Rhee, University of Hawaii
589	Wrongful Discharge Laws and Trade Receivables	Tongxia Li, Beijing Normal University Tze Chuan Ang, Deakin University Chun Lu, Macau University of Science and Technology
591	The Public Availability of Retail Order Flow Data and Market Quality	Vinh Duc Anh Hua, Deakin University Harminder Singh, Deakin University Xiangkang Yin, Deakin University
592	The Sino-U.S. Tech War, Domestic Product Substitution, and Firm Innovation: Evidence from the Entity List Policy	Wang Lixuan, Wuhan University
594	Fund Flows, Asset Size, and Performance: The Strange Case of Japanese Mutual Funds	Toshiki Honda, Hitotsubashi University
595	The Role of Short Sellers in the Lifecycle of Securities Litigation	Chun Kiat Lee, The University of Queensland Chelsea Liu, The University of Adelaide Lily Nguyen, The University of Queensland Kelvin Jui Keng Tan, The University of Queensland
597	What Do Questions Reveal? Skill Acquisition, Detection, and Recognition in the Capital Markets	Ling Cen, The Chinese University of Hong Kong Yanru HAN, The Chinese University of Hong Kong Jarrad Harford, University of Washington
598	Expected Macroeconomic Conditions and Expected Returns	Yizhe Deng, Ping An Bank Yunqi Wang, Southern University of Science and Technology Ti Zhou, Southern University of Science and Technology
600	Value Premium, Network Adoption, and Factor Pricing of Crypto Assets	Lin William Cong, Cornell University George Andrew Karolyi, Cornell University Ke Tang, Tsinghua University Weiyi Zhao, Tsinghua University
604	Disaster Recovery, Jump Propagation and the Multi-horizon UIP Pattern	Jianfeng XU, City University of Hong Kong
605	The Effects of Mandatory ESG Disclosure around the World	Philipp Krueger, University of Geneva Zacharias Sautner, Frankfurt School of Finance & Management Dragon Yongjun Tang, University of Hong Kong Rui Zhong, University of Western Australia
606	Heterogeneity of Heterogeneous Belief across Financial Markets and Stock Price Crash Risk	Michael Gallmeyer, University of Virginia Yiming Ma, Central University of Finance and Economics Yangru Wu, Rutgers University Rui Zhong, University of Western Australia
607	Climate Laws and Cross-border Mergers and Acquisitions	Tong Li, The University of Hong Kong Dragon Yongjun Tang, University of Hong Kong Fei Xie, University of Delaware
608	Bank Concentration, Bank Capital and Misallocation	Yu Yi, London School of Economics and Political Science
609	Does the Threat of Securities Class Actions Add Value for Shareholders? Evidence from China’s 2020 Adoption of Securities Class Actions	Warren Bailey, Cornell University and Fudan University Hui Ma, Tongji University Rongli Yuan, Renmin University of China Hong Zou, University of Hong Kong
611	No News is Bad News: Latent Strategic Disclosure on Online Interactive Platforms	Yuqin Huang, Central University of Finance and Economics Maobin Xu, The Chinese University of Hong Kong, Shenzhen Tong Li, The University of Hong Kong
616	Can Chinese firms benefit from issuing carbon-neutral bonds?	Moran Wang, University of Science and Technology of China Yuying Sun, Chinese Academy of Sciences Shouyang Wang, Chinese Academy of Sciences
617	Bank Loan Announcement Effects—Evidence from a Comprehensive 8-K Sample	Steven Wei Ho, Columbia University Clark Liu, Tsinghua University Shujing Wang, Tongji University
622	Organizational Capital and Stock Price Crash Risk	Zhe Shen, Xiamen University Sowahfio Sowah, Xiamen University Norvald Instefjord, University of Essex Shan Li, Xiamen University
623	Incomplete-Market Equilibrium with Unhedgeable Fundamentals and Heterogenous Agents	Paolo Guasoni, Dublin City University Marko Hans Weber, National University of Singapore
627	Government Speculation on Spillover Effect in the Housing Market: Evidence from House Purchase Restrictions in China	Qing Yu, The Hong Kong Polytechnic University Eddie C.M. Hui, The Hong Kong Polytechnic University Jianfu Shen, The Hong Kong Polytechnic University
628	Mutual Fund Dual Holdings and Shareholder-Creditor Conflicts	Rex Renjie, VU University Amsterdam Patrick Verwijmeren, Erasmus University Rotterdam Shuo Xia, Halle Institute for Economics Research
630	The Social Geography of Misconduct	Vicente Corral, Universidad de los Andes
631	Optimal Consumption and Investment with Cointegrated Stock and Housing Markets	Hong Liu, Washington University in St. Louis
632	Optimal Tax-Timing with Transaction Costs	Hong Liu, Washington University in St. Louis
637	Gender Equality and Cross-border Mergers and Acquisitions: The Evidence with RECP Targets	Yenn-Ru CHEN, National Chengchi University Yu-Lin Huang, National Taichung University of Science and Technology Ting-Yu Chang, National Chengchi University
639	Portfolio Selection under Ambiguity and the Under-Diversification Puzzle	Somayyeh Lotfi, University of Cyprus Stavros Zenios, University of Cyprus
641	Disclosure Deregulation of Quarterly Reporting	Vanessa Behrmann, University of Bremen Lars Hornuf, University of Bremen Jochen Zimmermann, University of Bremen
643	How Does Inside Information Impact Debt Renegotiation? The Role of Inside Trading	Yan Ge, University of Bristol Xiang Li, Loughborough University Huainan Zhao, Loughborough University
646	Outsourced Fund and Risk-taking: A Tale of Two Contracts	Jung Hoon Lee, Vanderbilt University Saurin Patel, Western University Shyam Venkatesan, Western University
649	Are Foreign Investors Really Underperform Domestic Investors in Trading Activities? A Machine Learning Approach and Evidence from Indonesia	Aurelius Aaron, The Hong Kong Polytechnic University Shuqi Wang, The Hong Kong Polytechnic University
654	The Externality of Corporate Frauds: Evidence from Active Mutual Fund Ownership	Vikas Agarwal, Georgia State University Wayne Lee, University of Arkansas Yuchen Luo, University of Arakansas Hong Zou, The University of Hong Kong
657	How does Fed communication affect uncertainty and risk aversion?	Frankie Chau, Durham University Rataporn Deesomsak, Durham University Raja Shaikh, Durham University

2022 Asian Finance Association (AsianFA) Annual Conference

June 27 - 29, 2022 (Mon-Wed) Hong Kong SAR, China

The Asian Finance Association (AsianFA) invites submission of research papers on finance to the Association's 2022 Annual Conference. The conference will be hosted by the School of Accounting and Finance, Faculty of Business, The Hong Kong Polytechnic University, in Hong Kong during June 27 - 29, 2022. The conference provides an open platform for finance scholars worldwide to present their recent research and exchange ideas and information on new developments in finance research. The majority of the sessions will include papers selected through open competition. In addition, there will be several invited sessions where leading researchers in different areas will be invited to present their latest work. A doctoral consortium will be held as part of the 2022 AsianFA Annual Conference.

KEYNOTE SPEAKER:

Professor Wei Xiong, Trumbull-Adams Professor of Finance, Professor of Economics, Department of Economics and Bendheim Center for Finance, Princeton University;
Academic Dean, School of Management and Economics, Chinese University of Hong Kong, Shenzhen

TOPICS:

The theme of the conference is on frontiers of finance research in the post-pandemic world. Papers in all areas of finance are welcome, including corporate finance, asset pricing, market microstructure, behavioral finance, financial institutions, financial crisis, international finance, and emerging capital markets. Accepted papers are eligible for several categories of best paper awards.

DOCTORAL CONSORTIUM:

Doctoral students are welcome to present their dissertations at the consortium which will be led by leading scholars. A travel grant of USD1000 will be awarded to selected doctoral presenters at the consortium.

CONFERENCE SPECIAL ISSUES:

Pacific Basin Finance Journal (PBFJ) Special Issue, edited by Steven Wang, Robin Chou, Walid Saffar, and Shaojun Zhang

International Review of Finance (IRF) Special Issue on the theme "ESG, Carbon Finance, and Sustainable Investing", edited by Dragon Tang

Authors will be given the details on how to submit their 2022 AsianFA Conference papers, including the doctoral consortium, for potential publication in the special issue when they receive the AsianFA conference paper acceptance decisions. The submission deadline to both PBFJ/ IRF Special Issue is August 31, 2022. All submitted papers will go through the normal review process for the PBFJ/ IRF. For enquiries, please send email to James Chia (jchia@hawaii.edu) for PBFJ or Dragon Tang (yjtang@hku.hk) for IRF.

BEST PAPER AWARDS:

The conference will offer multiple categories of best paper awards. The awards in each category will be decided on by an Award Committee. These awards include:

Three best paper awards sponsored by the Asian Finance Association (USD1000 each).
Four best paper awards sponsored by the Pacific-Basin Finance Journal (USD1000 each).
Two AMTD FinTech Centre Prize sponsored by AMTD FinTech Centre, Faculty of Business, The Hong Kong Polytechnic University (USD1000 each).
Two best doctoral paper awards for the doctoral consortium sponsored by the School of Accounting and Finance, Faculty of Business, The Hong Kong Polytechnic University (USD1000 each).

We are pleased to announce the awardees of the Best Paper Awards. Congratulations!

Asian Finance Association (AsianFA) Best Paper Award

The Effect of Compensation Benchmarking – Evidence from Share Repurchases (Yuyuan Chang, South China University of Technology)
What do Questions Reveal? Skill Acquisition, Detection, and Recognition in the Capital Markets (Ling Cen, The Chinese University of Hong Kong)
How does Declining Worker Power Affect Investment Sensitivity to Minimum Wage? (Dukki Cho, Peking University HSBC Business School)

Pacific-Basin Finance Journal (PBFJ) Best Paper Award

CSR Disclosure and Corporate Innovation: Evidence from China (Jeff Shen, The Hong Kong Polytechnic University)
Growing Up With Finance: Special Economic Zoning and Household Finances in China (Dongni Duan, University of Glasgow)
Retail Investor Attention and Equity Mispricing: Evidence from Celebrity Endorsements (Xiaoran Ni, Xiamen University)
Tobin Tax Policy, Housing Speculation, and Property Market Dynamics (Maggie Hu, The Chinese University of Hong Kong)

AMTD FinTech Centre Prize

Technology and Cryptocurrency Valuation (Wanyi Wang, University of California, Irvine)
Surviving the Fintech Disruption (Rachel Xiao, Georgia State University)

Best Doctoral Paper Award

Organized Labor and Capital Markets: Evidence from the U.S. Municipal Bond Market (Yunhui Han, The University of Utah)
Cashless Payment and Financial Inclusion (Shumiao Ouyang, Princeton University)

PAPER SUBMISSION PROCEDURE:

Paper status: only completed papers (both conference and doctoral consortium) will be considered.
Submission format: a blind copy of the manuscript and a separate file for the cover page containing the paper title, the abstract and author information. Only PDF or MS-Word versions are accepted.
Submission for Conference: https://editorialexpress.com/conference/AsianFA2022/
Submission for Doctoral Consortium: email to asianfa.dc@polyu.edu.hk
Submission deadline: February 20, 2022
Decision communication: April 15, 2022

ENQUIRES:

Please send email to

asianfa.conf@polyu.edu.hk (AsianFA Annual Conference)

asianfa.dc@polyu.edu.hk (AsianFA Doctoral Consortium)

CONFERENCE ORGANIZING COMMITTEE CO-CHAIRS:

Nancy Su, Professor and Head, School of Accounting and Finance, Faculty of Business, The Hong Kong Polytechnic University (nancy.su@polyu.edu.hk)
Shaojun Zhang, Associate Professor of Finance, School of Accounting and Finance, Faculty of Business, The Hong Kong Polytechnic University (shaojun.zhang@polyu.edu.hk)

CONFERENCE PROGRAM COMMITTEE CO-CHAIRS:

Robin Chou, Professor and Associate Dean, College of Commerce, National Chengchi University (rchou@nccu.edu.tw)
Bohui Zhang, Presidential Chair Professor and Executive Associate Dean, School of Management and Economics, The Chinese University of Hong Kong, Shenzhen (bohuizhang@cuhk.edu.cn)

TRACK CHAIRS:

Robin Chou, National Chengchi University
Timothy Chue, The Hong Kong Polytechnic University
Qianqian Du, The Hong Kong Polytechnic University
Mike Fung, The Hong Kong Polytechnic University
Jungmin Kim, The Hong Kong Polytechnic University
Gang Li, The Hong Kong Polytechnic University
Nancy Su, The Hong Kong Polytechnic University
Feng Tian, The Hong Kong Polytechnic University
Konari Uchida, Kyushu University
Baolian Wang, University of Florida
Steven Wang, Renmin University of China
George Wong, The Hong Kong Polytechnic University
Jing Xie, The Hong Kong Polytechnic University
Bohui Zhang, The Chinese University of Hong Kong, Shenzhen
Shaojun Zhang, The Hong Kong Polytechnic University
Jing Zhao, The Hong Kong Polytechnic University

PROGRAM COMMITTEE MEMBERS:

Ran An, Xiamen University
James Ang, Florida State University
Shantanu Banerjee, Lancaster University
Yunju Cha, National Chengchi University
Sipeng Chen, The Hong Kong Polytechnic University
Tao Chen, Nanyang Technological University
Te-Feng Chen, The Hong Kong Polytechnic University
Yangyang Chen, City University of Hong Kong
Yenn-Ru Chen, National Chengchi University
Si Cheng, The Chinese University of Hong Kong
Peng-Chia Chiu, The Chinese University of Hong Kong
Andy Chui, The Hong Kong Polytechnic University
Lili Dai, UNSW Sydney
David Ding, Singapore Management University
Irwan Ekaputra, University of Indonesia
Robert Faff, Bond University
Kangkang Fu, Hong Kong Baptist University
Maggie Fu, University of Macau
Jianlei Han, Macquarie University
Munhee Han, The Hong Kong Polytechnic University
Toshiki Honda, Hitotsubashi University
Claire Yurong Hong, Shanghai Advanced Institute of Finance
Grace Xing Hu, Tsinghua University
Qianqian Huang, City University of Hong Kong
Wenli Huang, The Hong Kong Polytechnic University CPCE
Yuan Huang, The Hong Kong Polytechnic University
Ning Jia, Tsinghua University
Chao Jiang, University of South Carolina
Liangliang Jiang, The Hong Kong Polytechnic University
Jimmy Yong Jin, The Hong Kong Polytechnic University
Byoung Uk Kang, The Hong Kong Polytechnic University
Hyemin Kim, Hanyang University
Kenneth Kim, Tongji University
Kuan-Cheng Ko, National Chi Nan University
Amit Kumar, Hong Kong University of Science and Technology
Kaz Kwok, Hang Seng University of Hong Kong
Hangsoo Kyung, The Hong Kong Polytechnic University
Bo Li, Tsinghua PBCSF
Kai Li, Peking University
Qin Li, The Hong Kong Polytechnic University
Qinyang Li, Southwest University
Xiaoyang Li, Deakin University
An-Ping Lin, Singapore Management University
Clark Liu, Tsinghua University
Sibo Liu, Hong Kong Baptist University
Guangli Lu, The Chinese University of Hong Kong
Xiaomeng Lu, Fudan University
Yujing Ma, The Hong Kong Polytechnic University
Ying Mao, Lingnan University
Jonathan Nam, The Hong Kong Polytechnic University
Vinh Nguyen, The University of Hong Kong
Yoshiaki Ogura, Waseda University
Kazuhiko Ohashi, Hitotsubashi University
Seongkyu Gilbert Park, The Hong Kong Polytechnic University
Yaxuan Qi, City University of Hong Kong
Walid Saffar, The Hong Kong Polytechnic University
Hideaki Sakawa, Nagoya City University
Jing Shi, Macquarie University
Fangbo Si, Jinan University
Jo-Ann Suchard, UNSW Sydney
Pengfei Sui, CUHK Shenzhen
Chengzhu Lisa Sun, The Hong Kong Polytechnic University
Lingxia Sun, Sun Yat-sen University
Qian Sun, Fudan University
Lewis Tam, University of Macau
Kelvin Jui Keng Tan, The University of Queensland
Gary Tian, Macquarie University
Albert Tsang, The Hong Kong Polytechnic University
Xuan Vinh Vo, University of Economics Ho Chi Minh City
Chong Wang, The Hong Kong Polytechnic University
Hua Wang, Shenzhen Technology University
Junbo Wang, City University of Hong Kong
Rencheng Wang, Singapore Management University
Xinlu Wang, Jinan University
Zheng Wang, City University of Hong Kong
Steven Wei, The Hong Kong Polytechnic University
Liwei Weng, The Hong Kong Polytechnic University
Haibin Wu, City University of Hong Kong
Qiang Wu, The Hong Kong Polytechnic University
Yi Xiang, The Hong Kong Polytechnic University
Takeshi Yamada, Australian National University
Bin Yang, Jinan University
Endong Yang, University of Macau
Lei Yang, The Hong Kong Polytechnic University
Nan Yang, The Hong Kong Polytechnic University
Chelsea Yao, Lancaster University
Jun Yao, Deakin University
Hayoon Yee, The Hong Kong Polytechnic University
Long Yi, Hong Kong Baptist University
Yang You, University of Hong Kong
Martin Young, Massey University
Frank Yu, China Europe International Business School
Cheng Colin Zeng, The Hong Kong Polytechnic University
Chao Zhang, Sun Yat-sen University
Hong Feng Zhang, Deakin University
Ray Zhang Simon, Fraser University
Rengong Zhang, City University of Hong Kong
Shuran Zhang, The Hong Kong Polytechnic University
Yinglei Zhang, The Chinese University of Hong Kong
Yong Zhang, The Hong Kong Polytechnic University
Jingran Zhao, The Hong Kong Polytechnic University
Shan Zhao, City University of Hong Kong
Yuxiang Zhong, Huazhong University of Science and Technology
Dexin Zhou, Baruch College CUNY
Ti Zhou, Southern University of Science and Technology
Yanjian Zhu, Zhejiang University

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Professor Wei Xiong is Trumbull-Adams Professor of Finance and Professor of Economics in the Department of Economics and Bendheim Center for Finance, Princeton University. His research interests center on capital market imperfections, behavioral finance, digital economy, and China’s financial system. He has received various awards, including 2018 China Economics Prize, 2014 Inaugural Sun Yefang Financial Innovation Award, 2013 NASDAQ OMX Award by Western Finance Association, and 2012 Smith Breeden Award (first prize) by American Finance Association. He received his Ph.D. in finance from Duke University in 2001, M.A. in physics from Columbia University in 1995, and B.S. in physics from University of Science and Technology of China in 1993. He is Research Associate of the National Bureau of Economic Research and Co-Editor of Journal of Finance (the flagship journal of American Finance Association), as well as Academic Dean of School of Management and Economics, Chinese University of Hong Kong, Shenzhen.

Due to the health concerns of the ongoing COVID-19 outbreak, we have decided to move the conference online. Thank you for your understanding.

CONFERENCE HOST:

The School of Accounting and Finance is the longest established accounting school in Hong Kong with over 80 full-time academic and teaching staff in the areas of accounting, finance, economics, and law. During the past few years, faculty members were successful in publishing their research papers in top-tier refereed journals, including Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, Review of Financial Studies, The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies, and Contemporary Accounting Research. The School has maintained an excellent network with overseas and Chinese Mainland institutions for collaborative work. More information about the School is available at http://www.af.polyu.edu.hk.

The Hong Kong Polytechnic University (PolyU) is one of the world’s leading universities. It has been ranked 66th in the QS World University Rankings 2022. According to the UTD Top 100 Worldwide Business School Rankings based on research contributions for the period 2016–2020, the Faculty of Business has been ranked 59th in the world. PolyU will celebrate its 85th Anniversary in 2022: https://www.polyu.edu.hk/85anniversary/

The HKSAR is an international city located strategically at the heart of Asia and is the gateway to Chinese Mainland, with excellent transport links to major international cities. PolyU campus is located near the harbour connecting Kowloon and the Hong Kong Island, and in the vicinity of Tsim Sha Tsui, which is one of the most popular areas for visitors in Hong Kong.