Research
Publications in Academic Journals:
[16] Leviathan Inc. and Corporate Environmental Engagement (with Po-Hsuan Hsu and Pedro Matos)
Management Science, (2023), 69(12), 7719-7758.
Featured in Harvard Law School Forum on Corporate Governance
Featured in PRI Academic Blog
[15] Business Ethics Issues in Finance: Challenges and Recommendations (with Omrane Guedhami and Greg Shailer)
Journal of Business Ethics (editorial commentary), (2022), 180(3), 908-912.
[14] Responsible Hedge Funds (with Lin Sun and Melvyn Teo)
Review of Finance, (2022), 26(6), 1585-1633.
Featured in Harvard Law School Forum on Corporate Governance
[13] Socially Responsible Corporate Customers (with Rui Dai and Lilian Ng)
Journal of Financial Economics (2021), 142(2), 598-626.
Winner of the 2019 Moskowitz Prize in Socially Responsible Investing
Winner of the Mirae Asset Daewoo Co., Ltd. Outstanding Paper Award, 13th International Conference on Asia-Pacific Financial Markets 2018
Featured in Columbia Law School’s Blue Sky Blog
Featured on ECGI homepage
[12] Globalization and Affordability of Microfinance (with Sunny Li Sun)
Journal of Business Venturing (2021), 36(1), 106065.
A previous version of this paper is circulated as "Finance and Social Responsibility in the Informal Economy"
Winner of the 2017 USASBE Best Paper in Entrepreneurial Finance
Winner of the 2017 USASBE Best Empirical Paper Award
[11] Corporate Social Responsibility and Sustainable Finance: A Review of the Literature (with Luc Renneboog)
Oxford Research Encyclopedia of Economics and Finance (2021).
Featured in Oxford Business Law Blog
[10] Cross-Border Acquisitions and Employment Policies (with Luc Renneboog and Cara Vansteenkiste)
Journal of Corporate Finance (2020), 62, 101575
Winner of the Best Paper in Corporate Finance, Indonesian Financial Management Association Conference
Featured in Harvard Law School Forum on Corporate Governance
[9] The Global Sustainability Footprint of Sovereign Wealth Funds (with Luc Renneboog)
Oxford Review of Economic Policy (2020), 36(2), 380-426.
Featured in Harvard Law School Forum on Corporate Governance
Featured on ECGI Homepage
[8] Peer Effects of Corporate Social Responsibility (with Jay Cao and Xintong Zhan)
Management Science (2019), 65(12), 5487-5503.
Winner of the 2015 Zephyr Prize for Best Paper in Corporate Finance
Featured in Harvard Law School Forum on Corporate Governance
Podcasts in English: CSR behaviour of firms and its ripple effect
[7] Future-Time Framing: The Effect of Language on Corporate Future Orientation (with Christopher Marquis, Luc Renneboog, and Sunny Li Sun)
Organization Science (2018), 29(6), 989-1236.
Featured in Harvard Law School Forum on Corporate Governance
Featured in an interview with Harvard Business School Working Knowledge
Podcasts in English: The impact of language on corporate future orientation
Interviewed by MoneyFM 89.3: How Language Affects Companies' Corporate Future Orientation
[6] Corporate Donations and Shareholder Value (with Luc Renneboog)
Oxford Review of Economic Policy (2017), 33(2), 278-316.
Featured in Harvard Law School Forum on Corporate Governance
Featured on ECGI Homepage
[5] On the Foundations of Corporate Social Responsibility (with Luc Renneboog)
Journal of Finance (2017), 72(2), 853-910.
Winner of the 2015 FIR-PRI Finance and Sustainability Award
Winner of the 2014 Sustainable Finance Geneva Prize
Featured in Harvard Law School Forum on Corporate Governance
Featured in Oxford Business Law Blog
[4] Socially Responsible Firms (with Allen Ferrell and Luc Renneboog)
Journal of Financial Economics (2016), 122(3), 585-606.
Second most cited article in JFE since 2016
Winner of the 2014 Moskowitz Prize in Socially Responsible Investing
Featured in Harvard Law School Forum on Corporate Governance
Featured in Oxford Business Law Blog
[3] An Anatomy of State Control in the Globalization of State-Owned Enterprises (with Bing Ren and Sunny Li Sun)
Journal of International Business Studies (2015), 46, 223-240.
Rewritten as a policy article by Prof. George Yip for Management Insights (《国企全球化的治理之道》)
Podcast in Chinese: 国有企业全球化
[2] The Political Determinants of Executive Compensation: Evidence from an Emerging Economy (with Luc Renneboog and Sunny Li Sun)
Emerging Markets Review (2015), 25, 69-91.
[1] Morphing: The Linkage between Inward Private Equity and Outward Venture (with Sunny Li Sun)
Thunderbird International Business Review (2014), 56(5), 421-438.
Working Papers:
[10] The Externalities of Mandatory ESG Disclosure (with Yi Jiang and Ya Kang)
Supported by the Research Grant Council of Hong Kong
[9] The Sun is Rising in the East: Dual-Class and the Competitive Landscape of Technological Industries in Asia (with Phuong Nguyen and Wei Zhang)
Supported by Ministry of Education (MOE) Tier 2 Academic Research Fund
[8] Riding Off into the Sunset: Dual-Class Structure in the Age of Unicorns Going Public (with Junho Park and Wei Zhang)
Supported by Ministry of Education (MOE) Tier 2 Academic Research Fund
Winner of the Korean Emerging Scholars Award (Maekyung Media Group)
Winner of the Best Paper Award of the 18th Annual Conference on Asia-Pacific Financial Markets (2023 CAFM; Korean Securities Association)
[7] Culture and Firms (with Zhihui Gu and Hanyu Zhang)
[6] Delegated Gender Diversity (with Cara Vansteenkiste)
Featured in Harvard Law School Forum on Corporate Governance
[5] Universal Corporate Governance (with Mikael Homanen)
Supported by Ministry of Education (MOE) Tier 1 Academic Research Fund
Featured in Oxford Business Law Blog
Featured on ECGI Homepage
[4] Finance and Ideology: The Firm-Level Channels (with Rong Wang and Haikun Zhu)
Sponsored by the LKCSB-CKGSB ASEAN Business Research Initiative Grant
Featured in Oxford Business Law Blog
Featured on ECGI Homepage & Bank of Finland BOFIT Discussion Paper
[3] Disaster-Relief Inc. (with Cara Vansteenkiste)
Sponsored by Australia Research Council DECRA Grant
[2] Outsourcing Climate Change (with Rui Dai, Rui Duan, and Lilian Ng)
Featured in PRI Academic Blog
Featured in BNP Paribas Asset Management Investment Insights
[1] Eradicating Malaria: Innovation Diffusion in the Face of Grand Challenges (with Han Jiang and Dongning Yang)
Sponsored by the LKCSB-CKGSB ASEAN Business Research Initiative Grant
Policy Articles:
[3] SGFC White Paper: Impact Measurement and Standards (with Angeline Chua and Wanyi Yang)
[2] DBS Pilot Impact Measurement Project: Technical Review (with Phuong T.B. NGUYEN)
[1] ADBI Policy Brief: Crowdfunding with Music Securities: A New Approach to Impact Investing (with Bihong Huang, Anant Kapoor, Dave Luo)
Book Chapters:
[9] The Alphabetical Soup in Reporting and Measuring ESG (with Chan Kam Chee) (2022), Asian Management Insights, Singapore Management University.
[8] Social Responsibility in Business and Finance (with Phuong Nguyen) (2022), in Hilary, G., McLean, D. (eds). Handbook of Financial Decision Making, Edward Elgar Publishing.
[7] Impact Assessment and Measurement with Sustainable Development Goals (with Dave Fernandez and Mikkel Larsen) (2021), in G. George, M.R. Haas, H. Joshi, A. McGahan, P. Tracey (eds.) Handbook on the Business of Sustainability: The Organization, Implementation, and Practice of Sustainable Growth.
[6] Pinduoduo: From E-Commerce Platform to Empowering Farmers (with Cheah Sin Mei) (2020), Asian Management Insights, Singapore Management University.
[5] The Political Economy of Executive Compensation in Emerging Markets (with Luc Renneboog) (2018) in B. Yurtoglu (eds.) Research Handbook of Corporate Governance in Emerging Markets, Edward Elgar.
[4] Is Corporate Social Responsibility an Agency Problem? (with Luc Renneboog) (2017), in S. Boubaker, D. Cummings, and D. Mguyen (eds.), Handbook of Finance and Sustainability, Edward Elgar.
[3] A State-Stewardship View on Executive Compensation (with Luc Renneboog and Sunny Li Sun) (2016), in J. J. Choi, M. Powers, and X. Zhang (eds.). International Finance Review, Vol. 17, "The Political Economy of Chinese Finance", UK: Emerald.
[2] Chinese Multinationals’ Outward Foreign Direct Investment: An Institutional Perspective and the Role of the State (with Bing Ren & Ying Zheng) (2012). in I. Alon, M. Fetscherin, P. Gugler (eds.), Chinese International Investment, Palgrave Macmillan.
[1] He, Xin (with Sunny Li Sun), Kuang, Ziping (with Sunny Li Sun) (2011), in W. Zhang, H. Wang, and I. Alon (eds.) Entrepreneurial and Business Elites of China: The Chinese Returnees Who Have Shaped Modern China. Bingley, UK: Emerald.