Research

Table of Contents

Work in Progress

Coevolution of Innovation and R&D Networks: Exploring The Impact of Immigrants

Publication

The Impact of Executive Compensation on Enterprise Scale: Based on the Empirical Study of Innovative Firms
China Journal of Commerce, 2020
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Abstract: This paper examines the influence of executive compensation on the scale of enterprises, with a focus on the mediating role of R&D investment. Using panel data from Shanghai and Shenzhen A-share companies that received government innovation subsidies between 2008 and 2015, the study finds that higher executive salaries contribute to the expansion of enterprise scale, with 15% of the total impact being indirectly realized through increased R&D investment. The results suggest that under innovation-driven policies, higher compensation incentivizes executives to pursue enterprise growth by boosting R&D efforts. Additionally, government support for innovative firms is shown to effectively enhance the viability of local innovative enterprises.
Keywords: Executive Compensation, Enterprise Scale, R&D Investment
Presentation: The 11th Hubei University Students Economic academic seminar (2018)
The Study of Style Rotation in Chinese Stock Market
ICBIM ‘19, 2019
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Abstract: Many academic studies on stock markets provide evidence of style rotation and methods of style investing. However, most of the researches are based on U.S. Domestic equity mutual funds. In this paper, we present that the existence of this phenomenon in Chinese stock markets and propose a new index, named stock market characteristics index (SMCI) to investigate style rotation, which is also the fundamental of style investing strategies. For a large sample of data, our backtesting results suggest that, compared to the benchmark, these strategies can achieve superior performance, which is still robust when investing in different stock indexes between the two equity segments. Hence, it is important for delegated portfolio management to consider style rotation when investing in Chinese stock market.
Keywords: Style Rotation, Investing Strategies, Chinese Stock Market
Presentation: ICBIM (2019)

Working Paper

Does the Rule of Law Foster High-Quality Enterprise Development? Evidence from Environmental Court Establishments

Conference

Poster & Contributed Talk: Coevolution of Innovation and R&D Networks: Exploring The Impact of Immigrants. Conference on Complex Systems 2024 and 11th workshop on Complexity in Economics & Finance. Exeter, England. September 2-6, 2024
ACM Collective Intelligence 2024. Boston, USA. June 26th, 2024
Poster: Immigrants and innovation: How they shaped R&D networks and stimulated knowledge spillover. NetSci 2024. Québec City, Canada. June 26-29, 2024
The Ninth Annual Conference on Network Science and Economics. Minneapolis, USA. April 19-21, 2024
Contributed Talk: The Study of Style Rotation in Chinese Stock Market. ICBIM 2019. Paris, France. September 12-14, 2019
Contributed Talk: The Impact of Executive Compensation on Enterprise Scale – Based on the Empirical Study of Innovative Firms. The 11th Hubei University Students Economic academic seminar. Wuhan, China. December 20, 2018