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Dr Guanming He's Outputs (4)

The impact of the Shanghai – Hong Kong stock market connection on corporate innovation: Evidence from mainland China (2021)
Journal Article
He, G., Li, X., & Luo, J. (2023). The impact of the Shanghai – Hong Kong stock market connection on corporate innovation: Evidence from mainland China. International Journal of Finance and Economics, 28(3), 3132-3161. https://doi.org/10.1002/ijfe.2587

The Shanghai stock market and the Hong Kong stock market were connected by the Chinese government in 2014, allowing Hong Kong investors to trade on a group of stocks on the Shanghai stock market. Using a difference-in-differences approach, we examine... Read More about The impact of the Shanghai – Hong Kong stock market connection on corporate innovation: Evidence from mainland China.

Do enhanced derivative disclosures work? An informational perspective (2021)
Journal Article
He, G., Ren, H., & Taffler, R. (2022). Do enhanced derivative disclosures work? An informational perspective. Journal of Futures Markets, 42(1), 24-60. https://doi.org/10.1002/fut.22275

Firms use derivatives both for hedging and nonhedging purposes. The Statement of Financial Accounting Standards No. 161 (SFAS 161) requires firms to disclose the purposes of their derivatives usage, thereby helping investors to evaluate the effects o... Read More about Do enhanced derivative disclosures work? An informational perspective.

The role of earnings management in equity valuation (2021)
Book Chapter
He, G., Li, Z., & Shen, D. (2022). The role of earnings management in equity valuation. In C. Lee, & A. Lee (Eds.), Encyclopedia of Finance (2061-2094). (3rd edition). Springer Nature. https://doi.org/10.1007/978-3-030-73443-5_90-1

The intrinsic value of a firm’s equity is determined by the present value of future payoffs to equity-holders. Thus, to estimate equity value, one needs to identify and process a series of information that is relevant to the present value of expected... Read More about The role of earnings management in equity valuation.

How do executive pay and its gap with employee pay influence corporate performance? Evidence from Thailand tourism listed companies (2021)
Journal Article
Ferry, L., He, G., & Yang, C. (2023). How do executive pay and its gap with employee pay influence corporate performance? Evidence from Thailand tourism listed companies. Journal of Hospitality and Tourism Insights, 6(1), 362-381. https://doi.org/10.1108/jhti-03-2021-0061

Purpose- We investigate how executive pay and its gap with employee pay influence the performance of Thailand tourism listed companies. Design/methodology/approach- We manually collect data on the executives’ and employees’ remunerations for Thailand... Read More about How do executive pay and its gap with employee pay influence corporate performance? Evidence from Thailand tourism listed companies.