Outputs (5)

Foreign Institutional Ownership and the Speed of Leverage Adjustment: International Evidence (2021)
Journal Article
An, Z., Chen, C., Lib, D., & Yin, C. (2021). Foreign Institutional Ownership and the Speed of Leverage Adjustment: International Evidence. Journal of Corporate Finance, 68, Article 101966. https://doi.org/10.1016/j.jcorpfin.2021.101966

Employing a large sample of 7246 firms across 38 economies from 2000 to 2013, we show a positive relation between foreign institutional ownership (FIO) and firms’ speed of leverage adjustment. This positive relation is concentrated for over-leveraged... Read More about Foreign Institutional Ownership and the Speed of Leverage Adjustment: International Evidence.

Feeling Right at Home: Hometown CEOs and Firm Innovation   (2020)
Journal Article
Ren, S., Cheng, Y., Hu, Y., & Yin, C. (2021). Feeling Right at Home: Hometown CEOs and Firm Innovation  . Journal of Corporate Finance, 66, Article 101815. https://doi.org/10.1016/j.jcorpfin.2020.101815

Extending the theories of social and place identity, we predict that CEO hometown identity has a positive and significant influence on firm innovation. Our empirical evidence, from publicly traded firms in China during 2002–2016, suggests that a firm... Read More about Feeling Right at Home: Hometown CEOs and Firm Innovation  .

Investment Horizon and Corporate Social Performance: The Virtuous Circle of Long-Term Institutional Ownership and Responsible Firm Conduct (2019)
Journal Article
Oikonomou, I., Yin, C., & Zhao, L. (2020). Investment Horizon and Corporate Social Performance: The Virtuous Circle of Long-Term Institutional Ownership and Responsible Firm Conduct. European Journal of Finance, 26(1), 14-40. https://doi.org/10.1080/1351847x.2019.1660197

We investigate the relationship between corporate social performance and institutional ownership. We distinguish between long-term and short-term institutional investors using holdings-based measures which directly capture the investment horizon of e... Read More about Investment Horizon and Corporate Social Performance: The Virtuous Circle of Long-Term Institutional Ownership and Responsible Firm Conduct.

Trust and the Cost of Debt Financing (2018)
Journal Article
Meng, Y., & Yin, C. (2019). Trust and the Cost of Debt Financing. Journal of International Financial Markets, Institutions and Money, 59, 58-73. https://doi.org/10.1016/j.intfin.2018.11.009

This paper examines the relation between the level of trust in a country and the cost of debt. Using data on firms located in 22 countries over a 20-year period, we quantify the country trust level and find strong evidence that firms in countries wit... Read More about Trust and the Cost of Debt Financing.

Motivated monitoring: The importance of the institutional investment horizon (2018)
Journal Article
Yin, C., Ward, C., & Tsolacos, S. (2018). Motivated monitoring: The importance of the institutional investment horizon. International Review of Financial Analysis, 60, 197-212. https://doi.org/10.1016/j.irfa.2018.08.011

This paper investigates whether institutional investors that hold shares in a firm for a relatively long time affect firm performance. We measure performance by Return on Assets (ROA), Tobin's Q and Earnings Yield and find that long-term ownership ha... Read More about Motivated monitoring: The importance of the institutional investment horizon.