Outputs (3)

Political ties and raising capital in global markets: Evidence from Yankee bonds (2022)
Journal Article
Ambrocio, G., Gu, X., & Hasan, I. (2022). Political ties and raising capital in global markets: Evidence from Yankee bonds. Journal of Corporate Finance, 74, Article 102223. https://doi.org/10.1016/j.jcorpfin.2022.102223

This paper examines whether state-to-state political ties help firms obtain better terms when raising funds in global capital markets. Focusing on the Yankee bonds market, we find that issuances by firms from countries with close political ties with... Read More about Political ties and raising capital in global markets: Evidence from Yankee bonds.

Fintech, Cryptocurrencies, and CBDC: Financial Structural Transformation in China (2022)
Journal Article
Allen, F., Gu, X., & Jagtiani, J. (2022). Fintech, Cryptocurrencies, and CBDC: Financial Structural Transformation in China. Journal of International Money and Finance, 124, Article 102625. https://doi.org/10.1016/j.jimonfin.2022.102625

Fintech and decentralized finance have penetrated all areas of the financial system and have improved financial inclusion in the last decade. In this paper, we review the recent literature on fintech, cryptocurrencies, stablecoins, and central bank d... Read More about Fintech, Cryptocurrencies, and CBDC: Financial Structural Transformation in China.

Institutions and Corporate Reputation: Evidence from Public Debt Markets (2022)
Journal Article
Gu, X., Hasan, I., & Lu, H. (2023). Institutions and Corporate Reputation: Evidence from Public Debt Markets. Journal of Business Ethics, 183, 165–189. https://doi.org/10.1007/s10551-021-05020-x

Using data from China’s public debt markets, we study the value of corporate reputation and how it interacts with legal and cultural forces to assure accountability. Exploring lawsuits that change corporate reputation, we find that firms involved in... Read More about Institutions and Corporate Reputation: Evidence from Public Debt Markets.