Publications:
29. Book Review of "Work Safety Regulation in China: The CCP’s Fatality Quota System" by Jie Gao, 2023, China Journal
28. Introduction: Special Issue on China I, 2022, Review of Finance (With Zhiguo He), Editorial
27. Superstition and Risk-taking: Evidence from “Zodiac Year” Beliefs in China (with R. Fisman, W.Huang, B. Ning, J. Qiu and Y. Pan), 2023, Management Science (replication files)
26. SOEs and Soft Incentive Constraints in State Lending (with Y. Cao, R. Fisman and H. Lin), 2023, American Economic Journal: Economic Policy, 15 (1): 174-95
25. Gender and Bureaucratic Corruption: Evidence from Two Countries (with F. Decarolis, R. Fisman, P. Pinotti, S. Vannutelli ), 2023, Forthcoming at Journal of Law, Economics, and Organization
24. Land Misallocation, Property Rights and Agricultural Efficiency in China (with A.V. Chari, Elaine Liu and Shing-Yi Wang), 2021, Review of Economic Studies, Vol. 88, Pages 1831-1862. (replication files)
---see VOXDEV for a summary23. Hometown ties and the quality of government monitoring: Evidence from rotation of Chinese auditors (with J. Chu, R. Fisman and S. Tan), 2021, American Economic Journal: Applied Economics, VOL. 13, NO. 3, JULY, pp. 176-201. (replication files)
---see VOXDEV for a summary22. What motivates Chinese leadership: Evidence from COVID-19 reopenings in China (with R. Fisman, C. Sun, and D. Zhao), 2021, Journal of Public Economics, Volume 196, April, 104389 (replication files)
21. Air Pollution, Affect, and Forecasting Bias: Evidence from Chinese Financial Analysts (with R. Dong, R. Fisman and N. Xu), 2021, Journal of Financial Economics, Volume 139, Issue 3, March, Pages 971-984. (replication files)
20. Parasites and Paragons: Ownership Reform and Concentrated Interest among Minority Shareholders (With N. Jia, J. Shi, and CY. Wang), 2020, Journal of Management Studies, Volume57, Issue1,January 2020, Pages 129-162.
19. Social Ties and the Selection of China's Political Elite (with R. Fisman, J. Shi and W. Wu), June 2020, American Economic Review, VOL. 110, NO. 6, pp. 1752-81. (replication files)
18. Something in the Air: Pollution and the Demand for Health Insurance (with T. Chang and W. Huang), 2018, Review of Economic Studies.
---see CaiXin for a summary ---see Sina for a summary17. Value Creation and Value Capture in Governing Shareholder Relationships (with N. Jia and J. Shi), 2018, Strategic Management Journal.
16. The Interdependence of Public and Private Stakeholder Influence (with N. Jia and J. Shi), 2018, Advances in Strategic Management
15. Access to Migration for Rural Households (with C. Kinnan and S.Wang),2018, American Economic Journal: Applied Economics (replication files)
---see VOXDEV for a summary14. The Effect of Mandatory CSR Disclosure on Firm Profitability and Social Externalities: Evidence from China (with Y. Chen and M. Hung), 2018, Journal of Accounting and Economics
13. Social Ties and Favoritism in Chinese Science (with R. Fisman,J. Shi and R. Xu), 2018, Journal of Political Economy (replication files)
---See "It's whom you know that counts" for a review at Science12. The distortionary effects of incentives in government: Evidence from China's death ceiling program, (with R. Fisman), 2017, American Economic Journal: Applied Economics (replication files)
---New York Times (Previously circulated as "The Economics of Death Ceilings" ) --- The Economist (China’s roads and workplaces seem to be getting less lethal) --- AEA Chart of The Week (Are Chinese workplaces really getting safer?)11. The Dynamics of Political Embeddedness in China, (with H. Haveman, N. Jia and J. Shi), 2017, Administrative Science Quarterly
---see Adam Smith Meets Machiavelli for a summary10. The mortality cost of political connections (with R. Fisman), 2015, Review of Economic Studies, Volume 82, Issue 4, October 2015, Pages 1346–1382. (replication files)
---See Harvard Business Review for a summary, "The Unsafe Side of Chinese Crony Capitalism" ---Businessweek ---WSJ ---NBER Digest ---Business Spectator9. Corruption in Chinese privatizations, (with R. Fisman), 2015, Journal of Law, Economics and Organization (Lead Article)
---See China Business News Daily for a summary8. Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations, (with R. Fisman and Y. Hamao), 2014, Review of Financial Studies
---See Caixin for a summary7. Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging Market, 2013 (with N. Jia and J. Shi), , Management Science (Business Strategy)
6. Estimating the value of connections to Vice-President Cheney, (with D. Fisman, R. Fisman, J. Galef and R. Khurana), 2012, B.E. Journal of Economic Analysis & Policy: Advances
5. Going (more) public: Institutional Isomorphism and Ownership Reform among Chinese Firms, (with H. Haveman), 2012, Management and Organization Review
4. When Managers Can't Commit: Capital Structure under Inalienable Managerial Entrenchment, (with C. Thomas), 2011, Economics Letters
3. Trading favors within Chinese business groups (with R. Fisman), 2010, American Economic Review (Papers&Proceedings)
2. Profiting from government stakes in a command economy: Evidence from Chinese asset sales, (with C. Calomiris and R. Fisman), 2010, Journal of Financial Economics
1. Investment with Restricted Stock and the Value of Information, (with W. Wu), Applied Mathematics and Computation, 2005