Skip to main content

Research Repository

Advanced Search

All Outputs (8)

Global Flow of Foreign Aid and Change in Recipients’ Local Labor Institutions (2024)
Journal Article
Niu, S., Gao, X., Gu, Z., Zhang, Y., & Wei, Q. (2024). Global Flow of Foreign Aid and Change in Recipients’ Local Labor Institutions. Discrete Dynamics in Nature and Society, 2024, 1-17. https://doi.org/10.1155/2024/1147752

How does foreign aid affect recipient countries’ labor institutions? Extant empirical evidence is sparse due to ambiguous theoretical predictions and potential endogeneity issues. This study uses data detailing aid flow and institutional functions to... Read More about Global Flow of Foreign Aid and Change in Recipients’ Local Labor Institutions.

Performance Contests and Merit Pay with Empathic Employees (2023)
Journal Article
Fabel, O., Mauser, S., & Zhang, Y. (2023). Performance Contests and Merit Pay with Empathic Employees. Managerial and Decision Economics, 45(1), 353-372. https://doi.org/10.1002/mde.4003

This paper studies the behavioral responses of employees who are endowed with empathic abilities to
different institutional designs of incentive pay. Empathic abilities motivate altruistic behavior by sensing
the other’s feelings towards oneself.... Read More about Performance Contests and Merit Pay with Empathic Employees.

Are family firms more efficient? Revisiting the U-shaped curve of scale and efficiency (2023)
Journal Article
Chen, K.-H., Chen, P.-H., Elston, J. A., & Zhang, Y. (2023). Are family firms more efficient? Revisiting the U-shaped curve of scale and efficiency. Small Business Economics, 61, 983–1008. https://doi.org/10.1007/s11187-022-00720-8

This study applies a stochastic frontier model to examine the relationship between firm size and efficiency using a novel approach. The first novelty is that this study examines large and small firms separately to allow for heterogeneity between firm... Read More about Are family firms more efficient? Revisiting the U-shaped curve of scale and efficiency.

Choice of Information Learning: Evidence from Revisiting Price Discovery during the 2006 Dual Listing Craze in China (2021)
Journal Article
Zhang, Y., Gao, X., & Niu, S. (2021). Choice of Information Learning: Evidence from Revisiting Price Discovery during the 2006 Dual Listing Craze in China. Theoretical Economics Letters, 11(6), 1165-1182. https://doi.org/10.4236/tel.2021.116074

Extant studies have proposed information choice models to explain the home bias puzzle. In this paper, we explore information asymmetries among local and non-local investors which are captured by market microstructure variables to explain the reper-c... Read More about Choice of Information Learning: Evidence from Revisiting Price Discovery during the 2006 Dual Listing Craze in China.

Option Informativeness Before Earnings Announcements and Under Real Activity Manipulation (2021)
Journal Article
Gao, X., Gu, J., & Zhang, Y. (2021). Option Informativeness Before Earnings Announcements and Under Real Activity Manipulation. Pacific Accounting Review, 33(3), 361-375. https://doi.org/10.1108/par-07-2020-0090

Purpose. This article investigates whether single name options trading prior to earnings announcements is more informative when there exist real activit y manipulation s Design/methodology/approach. Using 5,419 earnings announcements during 2004 20 1... Read More about Option Informativeness Before Earnings Announcements and Under Real Activity Manipulation.