Publications

15. Gao, X., An, Z., Li, D., and Xu, W. (2024). Does Media Affect the Rival Response to Acquisition Targets? Journal of Empirical Finance 76, 101475.

14. Yang, B., An, Z., Gao, X., and Li, D. (2023). Trademarks and the Cost of Equity Capital, Journal of Corporate Finance 83, 102504.

13. Xu, X, Xiong, F, and An, Z. (2023). Using Machine Learning to Predict Corporate Fraud: Evidence Based on the GONE Framework, Journal of Business Ethics 186, 137-158.

12. Gu, X., An, Z., Chen, C., and Li, D. (2023). Do Foreign Institutional Investors Monitor Opportunistic Managerial Behaviour? Evidence From Real Earnings Management, Accounting and Finance 63(1), 317-351.

11. Huang, G., An, Z., and Li, D. (2023). Foreign Institutional Ownership and Corporate Risk-Taking International Evidence, Corporate Governance: An International Review 31(2), 260-284.

10. An, Z., Gao, W., Ye, D., and Li, D. (2022). Dividend Payout, Cash-Flow Uncertainty, and the Role of Institutional Environments, Journal of Business Finance and Accounting 49(7-8), 1356-1390.

9. An, Z., Chen, C., Li, D., and Yin, C. (2021). Foreign Institutional Ownership and the Speed of Leverage Adjustment: International Evidence, Journal of Corporate Finance 68, 101966.

8. Xiong, F., Zheng, Y., An, Z., and Xu, S. (2021). Does Internal Information Quality Impact Corporate Cash Holdings? Evidence from China, Accounting and Finance 61(S1), 2151-2171.

7. An, Z., Chen, C., Naiker, V., and Wang, J. (2020). Does Media Coverage Deter Firms from Withholding Bad News? Evidence from Stock Price Crash Risk, Journal of Corporate Finance 64, 101664.

6. An, Z., Cao, Z., Chen, Z., and Li, D. (2020). Does Individualistic Culture Impact Operational Risk? European Financial Management 26(3), 808-838.

5. An, Z., Chen, Z., Li, D., and Xing, L. (2018). Individualism and Stock Price Crash Risk, Journal of International Business Studies 49, 1208-1236.

4. An, Z., Gao, W., Li, D., and Zhu, F. (2018). The Impact of Illiquidity on Firm-level Crash Risk and the Role of Media Independence: International Evidence, International Review of Finance 18(4), 547-593.

3. Li, D., Chen, Z., An, Z., and Murong, M. (2017). Do Financial Analysts Play a Role in Shaping the Rival Response of Target Firms? International Evidence, Journal of Corporate Finance 45, 841-860.

2. An, Z., Li, D., and Yu, J. (2016). Earnings Management, Capital Structure, and the Role of Institutional Environments, Journal of Banking and Finance 68, 131-152.

1. An, Z., Li, D., and Yu, J. (2015). Firm Crash Risk, Information Environments, and Speed of Leverage Adjustment, Journal of Corporate Finance 31, 132-151.

Selected Working Papers

• How Does Labor Market Evaluate Corruption Culture? Evidence from Financial Advisor (with Xin Xu and Chen Chen)

• The Missing Information: Predicting Financial Advisor Misconduct Using Machine Learning (with Xu, X.)

• Inflexibility and Corporate Bond Yield Spreads (with Abe de Jong, Ying Xia, Zhaofeng Xu)

Editorship

• Co-edited the Special Issue: Mergers and Acquisitions of International Journal of Financial Studies (2022-2024)

Ad-Hoc Reviewer

• Accounting and Finance

• Australian Journal of Management

• Borsa Istanbul Review

• British Accounting Review

• British Journal of Management

• Corporate Governance: An International Review

• Journal of Banking and Finance

• Journal of Behavioral and Experimental Finance

• Journal of Business Ethics

• Journal of Business Finance and Accounting

• Journal of Corporate Finance

• Journal of Financial Research

• International Review of Economics and Finance

• International Review of Financial Analysis

• Journal of International Financial Markets, Institutions and Money

• Journal of International Money and Finance

• Pacific-Basin Finance Journal

• Quarterly Journal of Finance

Conference Program Committee

• AAA Annual Meeting

• Academy of International Business Conference

• AFAANZ; AsianFA

• CAAA Annual Conference

• FMA Annual Meeting

• FMA Asian

• FMA Euro

• FMCG Conference

• INFINITI

• World Finance Conference

Media Coverage

• SBS Chinese Morning Radio (in Mandarin): Make the Economy Flow Faster the Age of Digital Payments is Finally Here (2023)

• Wu Zhijian’s Evidentialist Channel (in Mandarin): Individualism and Stock Price Crash Risk (2019)

Presentations

• 2024: Deakin University, Monash University

• 2023: FMCG ConferenceD, Queensland Corporate Finance Conference, Curtin University, The University of Western Australia, FIRND, AFBCC, D, Sydney Banking and Financial Stability ConferenceC, D

• 2022: AAA Annual MeetingD, AFAANZ, CAAA Annual ConferenceD, FIRND, FMA Annual Meeting, FMCG ConferenceD, FMA AsianC, D

• 2021: AFAANZD, AsianFAC, D, Academy of International Business ConferenceD, FIRND, FMA Annual MeetingC, D, FMCG ConferenceC, D, New Zealand Finance MeetingD, World Finance ConferenceD

• 2020: Tongji University, Shanghai Maritime University, Xi’an Jiaotong-Liverpool University

• 2019: Central University of Finance and Economics, FMCG ConferenceD, C, Academy of International Business Conference, AsianFAC, D, Macquarie University, RMIT, FMA Annual MeetingC, D

• 2018: FMCG ConferenceD, Queensland University of Technology, University of Sydney, Xiamen University, FIRN Annual MeetingD, Conference on the Theories and Practices of Securities and Financial MarketsD, World Finance & Banking SymposiumD

• 2017: AsianFAC, D, FIRN Annual MeetingD

• 2016: Auckland Finance MeetingD, INFINITID, Jinan University, Monash University, Young Finance Scholars’ Conference

• 2015: FMA Annual MeetingD, Monash University, Vietnam International Conference in FinanceD

• 2014: AAA Annual MeetingD, AFBCC, D, APRU Doctoral Students Conference, FMA EuropeanD, FMA European Doctoral Student Consortium, FMCG Ph.D. Symposium, “MERTON H. MILLER” EFMA Doctoral Seminar, The University of New South Wales

• 2013: AFBCD, EFMAD

• 2012: AFBCD, AsianFAD, Beihang University, The University of New South Wales

(C and D denote session chair and discussant, respectively)

Grant and Award

• BERG Education Research Grant ($8817), Monash Business School (2022)

• AFAANZ Research Grants ($5500), AFAANZ (2020)

• National Natural Science (NNS) Fund (participating investigator, RMB 490,000), NNS Foundation of China (2019-2022)

• ECR Training Grant Scheme ($2000), Monash Business School (2019)

• Dean’s Award for Excellence in Research by an Early Career Researcher, Monash Business School (2018)

• Outstanding Contribution Award, Journal of Banking and Finance and International Review of Economics and Finance (2018)

• ECR Research Grant Scheme ($14,000), Monash Business School (2018)

• AFAANZ Research Grants ($4500), AFAANZ (2016)

• New Academic Staff Support Grant ($5000), Monash Business School (2015)

• Best Ph.D. Paper Award, Vietnam International Conference in Finance (2015)

• Travel Grant ($1000), Division of Research, UNSW (2014)

• Postgraduate Research Student Support (PRSS) Travel Grant, UNSW (2012-2013)

• Australian Postgraduate Award (APA) and APA/UPA Supplementary Scholarship (2011-2014)