Kai Wu

Central University of Finance and Economics (CUFE) - School of Finance

Beijing

China

SCHOLARLY PAPERS

38

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5,159

SSRN CITATIONS
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SSRN RANKINGS

Top 33,813

in Total Papers Citations

29

CROSSREF CITATIONS

1

Scholarly Papers (38)

1.

How Do Natural Disasters Impede Corporate Earnings Management?

Number of pages: 41 Posted: 07 Oct 2020 Last Revised: 18 Dec 2022
Central University of Finance and Economics (CUFE) - School of Finance, Nanjing University of Information Science & Technology (NUIST) - School of Environmental Science and Engineering, Chinese Academy of Sciences (CAS) - Center for Forecasting Science; Academy of Mathematics and Systems Sciences, School of Public Policy, University of Maryland at College Park and Arizona State University (ASU)
Downloads 495 (106,400)
Citation 3

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natural disasters, earnings management, external monitoring

2.

Do Intangible Assets Really Foster Corporate Tax Avoidance?

Number of pages: 55 Posted: 26 Mar 2021 Last Revised: 13 Oct 2022
Kai Wu, Weimian Ai and Yi Liu
Central University of Finance and Economics (CUFE) - School of Finance, Einaudi Institute for Economics and Finance (EIEF) and Stevens Institute of Technology - School of Business
Downloads 404 (135,019)

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intangible assets; tax avoidance; off-balance

3.

Intangible Intensity and Stock Price Crash Risk

Journal of Corporate Finance, Forthcoming
Number of pages: 60 Posted: 16 Jan 2020 Last Revised: 19 Jun 2020
Kai Wu and Seiwai Lai
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 369 (149,542)
Citation 15

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Intangible intensity, Information asymmetry, Crash risk

4.

Mutual Fund Advisory Misconduct: Investor Flows and Company Reactions

Number of pages: 63 Posted: 13 Nov 2017 Last Revised: 11 Aug 2020
Bing Liang, Yuying Sun and Kai Wu
University of Massachusetts Amherst - Department of Finance, Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science (AMSS) and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 341 (162,987)

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investor monitoring; misconduct allegation; advisory contracting

5.

Political Uncertainty, Monetary Policy Contraction and Capital Structure Dynamics

Number of pages: 66 Posted: 14 Jul 2020 Last Revised: 18 Jan 2023
Kai Wu, Yi Liu and Seiwai Lai
Central University of Finance and Economics (CUFE) - School of Finance, Stevens Institute of Technology - School of Business and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 334 (166,646)

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political risk, capital structure, information asymmetry, agency conflicts, monetary policy

6.

Does Economic Policy Uncertainty Drive Global ETF Flows?

Number of pages: 59 Posted: 19 Mar 2020 Last Revised: 06 Oct 2022
Central University of Finance and Economics (CUFE) - School of Finance, Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science (AMSS), Central University of Finance and Economics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 279 (201,333)

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economic policy uncertainty; investor sentiment; flow decomposition

7.

Why Do M&A Bidders Adopt Performance Commitment Clauses? A Tunneling Perspective

Number of pages: 61 Posted: 14 Jul 2020 Last Revised: 02 Mar 2023
Kai Wu, Maobin Xu and Yuzi Chen
Central University of Finance and Economics (CUFE) - School of Finance, The Chinese University of Hong Kong, Shenzhen and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 234 (239,643)
Citation 2

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performance commitment, resource tunneling, overpayment

8.

Manager Sentiment, Deal Characteristics, and Takeover Performance

British Accounting Review, Forthcoming
Number of pages: 81 Posted: 26 Feb 2020 Last Revised: 26 Mar 2024
Suwei An, Yi Liu, Xiaofen Tan and Kai Wu
Tilburg University - Tilburg School of Economics and Management, Stevens Institute of Technology - School of Business, Central University of Finance and Economics (CUFE) and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 202 (274,972)

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manager sentiment; deal characteristic; takeover performance; textual analysis

9.

How Is Illiquidity Priced in the Chinese Stock Market?

Number of pages: 63 Posted: 22 Mar 2021 Last Revised: 23 Nov 2022
Tilburg University - TIAS School for Business and Society, Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) and Guosheng Securities
Downloads 180 (304,968)

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stock liquidity, illiquidity premium, multivariate decomposition

10.

Customer Concentration, Leverage Adjustments, and Firm Value

Number of pages: 67 Posted: 12 Mar 2021 Last Revised: 06 Jun 2022
Lanzhou University of Finance and Economics, Southeast University - School of Economics and Management, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 160 (337,790)

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customer concentration; capital structure; cash flow risk

11.

Are Mutual Fund Manager Skills Transferable to Private Funds?

International Review of Economics & Finance
Number of pages: 48 Posted: 07 May 2019 Last Revised: 10 Mar 2023
Zhejiang University - School of Management, University of Massachusetts Amherst - Department of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 145 (366,258)
Citation 1

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private funds, mutual funds, investment skills, work experience

12.

The Power of Title: Firm Innovation under Intergovernmental Competition

Number of pages: 52 Posted: 16 Apr 2020 Last Revised: 06 Feb 2023
Maobin Xu and Kai Wu
The Chinese University of Hong Kong, Shenzhen and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 142 (372,340)

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firm innovation, government support, resource allocation

13.

Does Climate Risk Exposure Affect Corporate Leverage Adjustment Speed? International Evidence

Number of pages: 32 Posted: 09 Dec 2022 Last Revised: 18 Jan 2023
Zihan Zhou and Kai Wu
Central University of Finance and Economics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 134 (389,572)

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climate risk, capital structure, leverage adjustment speed, information efficiency

14.

News Tone, Investor Sentiment, and Liquidity Premium

International Review of Economics & Finance, Forthcoming
Number of pages: 41 Posted: 24 May 2021 Last Revised: 23 Nov 2022
Jun Liu, Kai Wu and Ming Zhou
Tilburg University - TIAS School for Business and Society, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE)
Downloads 133 (391,880)
Citation 1

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investor sentiment, liquidity, liquidity premium

15.

Acquisition for Innovations? M&A Intensity and Intra-Firm R&D Reallocations

Number of pages: 54 Posted: 30 Oct 2019 Last Revised: 22 Jul 2022
Shuxun Wang, Kai Wu and Seiwai Lai
Capital University of Economics and Business, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 129 (401,374)

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M&A intensity; firm innovation; R&D reallocation

16.

Greening through Central Inspection: The Role of Legitimacy Pressure and Risk-Taking

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 72 Posted: 05 Feb 2022 Last Revised: 02 Dec 2022
Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 109 (455,262)
Citation 2

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central environmental protection inspection, green innovation, legitimacy pressure, corporate risk-taking

17.

Innovation Overload?

Number of pages: 33 Posted: 20 Aug 2018 Last Revised: 23 Jan 2020
Nanyang Business School, Nanyang Technological University, University of South Carolina, Darla Moore School of Business and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 108 (458,204)

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Innovation Diffusion, Bounded Rationality

18.

Thirst for Money: External Guarantees and Stock Price Crash Risk

Pacific-Basin Finance Journal, Vol. 74, 2022
Number of pages: 67 Posted: 17 Oct 2020 Last Revised: 22 Feb 2022
Kai Wu, Zejun Jin and Maobin Xu
Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) - School of Finance and The Chinese University of Hong Kong, Shenzhen
Downloads 96 (496,943)

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external guarantees, information asymmetry, crash risk

19.

Market Liquidity and Price Disparity: Evidence from Chinese Cross-Listed Firms

Number of pages: 50 Posted: 08 Jan 2021 Last Revised: 15 Apr 2021
Tilburg University - TIAS School for Business and Society, Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) and China Securities Co., Ltd.
Downloads 94 (503,732)

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market liquidity, price disparity, the law of one price

20.

Investment Incentives and Corporate Social Responsibilities: Does Managerial Long-Termism Matter?

Number of pages: 63 Posted: 17 Jan 2023 Last Revised: 14 Apr 2023
Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 89 (521,477)

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investment incentive, corporate social responsibility, accelerated depreciation, managerial myopia

21.

Understanding the Information Content of Alternative Cost-of-Equity Proxies

Number of pages: 49 Posted: 07 May 2019 Last Revised: 07 May 2021
Soku Byoun and Kai Wu
Baylor University and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 89 (521,477)
Citation 1

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cost of equity; corporate investment; return decomposition

22.

Contingent Cash Crunch: How Do Performance Commitments Affect Acquirer Liquidity?

Number of pages: 76 Posted: 06 Jun 2022 Last Revised: 13 Jan 2024
Kai Wu, Yufei Lu and Donghui Li
Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics and Shenzhen University
Downloads 88 (525,144)

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corporate liquidity; performance commitment; managerial optimism

23.

It Pays to Have Guanxi: How Social Capital Affects Household Income in China

Number of pages: 28 Posted: 12 Aug 2020 Last Revised: 06 Oct 2022
Kai Wu, Yi Liu, Yifan Xu and He Sun
Central University of Finance and Economics (CUFE) - School of Finance, Stevens Institute of Technology - School of Business, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 88 (525,144)

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social network; household income; gift expenditure

24.

Central Judicial Inspector: Establishment of Circuit Tribunals and Corporate Innovation in China

Number of pages: 53 Posted: 30 Jan 2023
Kai Wu, Minli Sun and Yuzi Chen
Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 85 (536,386)

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Judicial institutions, corporate innovation, intellectual property protection

25.

The Effect of Oil Supply Shocks on Industry Returns

Number of pages: 61 Posted: 25 Jan 2021
Dayong Huang, Jay Y. Li and Kai Wu
University of North Carolina (UNC) at Greensboro - Bryan School of Business & Economics, University of North Carolina at Greensboro and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 85 (536,386)

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Oil Prices, Oil Supply Shocks, Stock Returns

26.

Does Shale Gas Development Promote Local Innovation?

Number of pages: 63 Posted: 18 Feb 2021 Last Revised: 13 Oct 2022
Kai Wu and Zixuan Jiang
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 79 (560,423)

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local innovation; patent quality; shale gas development

27.

Purifying Political Ecology: How Anti-Corruption Campaign Affects Capital Structure Decisions?

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 71 Posted: 08 Apr 2022 Last Revised: 06 Sep 2022
Kai Wu and Jiming Liu
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 78 (564,377)

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anti-corruption campaign, capital structure adjustment, political connection

28.

Supplier Concentration and Speed of Capital Structure Adjustment

Number of pages: 55 Posted: 19 Jul 2022 Last Revised: 04 Jun 2023
Yi Liu, Kai Wu and Sirui Ruan
Stevens Institute of Technology - School of Business, Central University of Finance and Economics (CUFE) - School of Finance and Renmin University of China
Downloads 76 (573,005)

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supplier concentration, capital structure adjustment, monitoring role, agency conflict

29.

Supplier Concentration and Analyst Forecast Bias

Number of pages: 57 Posted: 04 Jun 2023 Last Revised: 06 Sep 2023
Kai Wu and Xiaotong Jia
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 61 (643,848)

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forecasting bias; information disclosure; supplier concentration

30.

Does Political Turnover Matter in Executive Compensation?

Number of pages: 60 Posted: 25 May 2022 Last Revised: 19 Jul 2023
Jiming Liu, Kai Wu and Xiangli Liu
Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) - School of Finance and affiliation not provided to SSRN
Downloads 60 (649,168)

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political turnover, pay-performance sensitivity, executive incentive

31.

Corporate Digital Transformation and Financialization: Evidence from Chinese Listed Firms

Finance Research Letters, Vol. 57, 2023
Number of pages: 22 Posted: 25 Sep 2023
Kai Wu and Yufei Lu
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics
Downloads 45 (738,136)
Citation 1

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digital transformation, corporate financialization, profit-chasing

32.

Tax Policy Unpredictability and Corporate Tax Strategies

Number of pages: 66 Posted: 20 Dec 2023 Last Revised: 29 Feb 2024
Chinese Academy of Sciences (CAS) - Academy of Mathematics and Systems Science (AMSS), Chinese Academy of Sciences (CAS) - Center for Forecasting Science; Academy of Mathematics and Systems Sciences, Central University of Finance and Economics (CUFE) - School of Finance and Agricultural Bank of China
Downloads 29 (859,332)

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corporate tax avoidance, tax policy uncertainty, income shifting, tax planning, risk management

33.

Unveiling the Hidden Risks of Government Subsidy Reliance: Evidence from Stock Price Crashes

Number of pages: 61 Posted: 24 Nov 2020 Last Revised: 22 Dec 2023
Obaid Ur Rehman and Kai Wu
Lanzhou University of Finance and Economics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 24 (904,163)

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government subsidy; information disclosure; operational risk; crash risk

34.

Banking Liberalization and Analyst Forecast Accuracy

Number of pages: 66 Posted: 06 Feb 2024
Linghao Zhang and Kai Wu
School of Finance, Nankai University and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 23 (913,608)

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banking liberalization, interest rate, analyst forecast

35.

Job Stability and Household Financial Vulnerability: Evidence from Field Surveys in China

Finance Research Letters
Number of pages: 19 Posted: 30 Nov 2023 Last Revised: 29 Feb 2024
Kai Wu and Shijia Wan
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 21 (932,739)

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job stability; financial vulnerability; regional heterogeneity

36.

From Courtrooms to Corporations: The Effect of Bankruptcy Court Establishment on Firm Acquisitions

Finance Research Letters, Forthcoming
Number of pages: 25 Posted: 06 Feb 2024 Last Revised: 29 Feb 2024
Lanzhou University of Finance and Economics, Central University of Finance and Economics (CUFE) - School of Finance, Central University of Finance and Economics (CUFE) - School of Finance and Lanzhou University of Finance and Economics
Downloads 20 (942,682)

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bankruptcy court; judiciary reform, firm acquisition

37.

Collateral Shocks and Corporate Financialization: Evidence from China

Number of pages: 56 Posted: 20 Dec 2023
Sijia Li and Kai Wu
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 20 (942,682)

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collateral shock; firm financialization; borrowing capacity; profit-chasing

38.

Do Low-Carbon Pilot Policies Promote Corporate Environmental Productivity?

Number of pages: 57 Posted: 20 Dec 2023 Last Revised: 04 Mar 2024
Xiaoyun Liang and Kai Wu
Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 11 (1,032,329)

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environmental productivity, environmental regulation, carbon emissions trading