Research
Selected Publications
(11) Move a little closer? Information sharing and the spatial clustering of bank branches
(with Ralph De Haas, Steven Ongena, Stefan Straetmans & Tamas Vadasz)
Review of Finance, 2024, forthcoming
Coverage in VoxEU
(10) Career incentives of political leaders and corporate operational efficiency
(with Hua Cheng & Liangfei Qiu)
Production and Operations Management, 2024, forthcoming
(9) Inter-industry FDI spillovers from foreign banks: Evidence in transition economies
(with Kent Hui & Steven Ongena)
Financial Management, 2023, 52(1), 97-126
(8) State capacity, economic output, and public goods in China
(with Hua Cheng & Kishore Gawande)
World Development, 2022, 158, 105990
(7) Climate change risk and the costs of mortgage credit
(with Duc Duy Nguyen, Steven Ongena & Vathunyoo Sila)
Review of Finance, 2022, 26(6), 1509-1549
Policy impact: United States Senate Committee on Banking, Housing, and Urban Affairs, quoted in letter to Jerome Powell, the Chair of the Board of Governors of the Federal Reserve System, as evidence that banks do price climate-related risk
Coverage in Duke FinReg Blog
(6) Working with women, do men get all the credit?
(with Steven Ongena & Hua Cheng)
Small Business Economics, 2022, 59, 1427-1447
(5) Government connections and credit access around the world: Evidence from discouraged borrowers
(with Duc Duy Nguyen)
Journal of International Business Studies, 2021, 52(2), 321–333
Coverage in Business Money
(4) Enforcing government policies: The role of state-owned enterprise in China's one child policy
(with Hua Cheng, Yuanyuan Ma & Lixin Colin Xu)
World Development, 2021, 146, 105574
(3) Connected banks and economic policy uncertainty
(with Hua Cheng, Kishore Gawande & Steven Ongena)
Journal of Financial Stability, 2021, 56, 100920
Coverage in Duke FinReg Blog
(2) I know what I need: Optimization of bribery
(with Yu Yan)
Journal of Business Ethics, 2021, 174(2), 311-332
(1) Will money talk? Firm bribery and credit access
(with Steven Ongena)
Financial Management, 2019, 48(1), 117-157
Best Paper of the issue in Financial Management
Top cited artical 2019-2020 in Financial Management
Policy Reports
(2) Deposit insurance and cross-border deposits in times of banking crises
(with Stefanie Kleimeier & Harald Sander)
ifo DICE Report Spring 2019
(1) Chapter 4: Financial inclusion
(with Ralph De Haas & Nathaniel Young)
EBRD Transition Report 2016-17
Other Publications
(7) Asymmetric corporate tax compliance: Evidence from a tax reform in China
(with Hua Cheng & Xiaowei Chen)
China Economic Review, 2023, 79, 101967
(6) Childhood matters: Family education and financial inclusion
(with Yu Yan)
Pacific-Basin Finance Journal, 2021, 65, 101489
(5) Cross-ownership and collateral in lending
(with Xuesong Qian, Zifang Ding & Xiaping Cao)
International Review of Financial Analysis, 2020, 72, 101572
(4) Fuel the engine: Bank credit and firm innovation
(with Steven Ongena)
Journal of Financial Services Research, 2020, 57(2), 115-147
(with Stefanie Kleimeier & Harald Sander)
Economic Inquiry, 2020, 58(2), 980-997
Coverage in International Association of Deposit Insurance
(2) Competition and favoritism in bank loan markets
(with Hua Cheng, Xue Li & Yan Dong)
Pacific-Basin Finance Journal, 2020, 59, 101214
(1) Impact of foreign bank presence on foreign direct investment in China
(with Steven Ongena & Fengming Qin)
China & World Economy, 2015, 23(4), 40-59