Kai Wu

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

Beijing

China

SCHOLARLY PAPERS

27

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Top 24,061

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3,066

SSRN CITATIONS

3

CROSSREF CITATIONS

1

Scholarly Papers (27)

1.

Natural Disasters Impede Corporate Earnings Management

Number of pages: 29 Posted: 07 Oct 2020 Last Revised: 16 May 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 306 (142,185)
Citation 1

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natural disasters, earnings management, external monitoring

2.

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 276 (158,075)

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investor monitoring; misconduct allegation; advisory contracting

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 267 (164,130)
Citation 3

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Intangible intensity, Information asymmetry, Crash risk

4.

Firm-Level Political Risk and Capital Structure Dynamics

Number of pages: 58 Posted: 14 Jul 2020 Last Revised: 31 May 2022
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 221 (197,241)

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political risk; capital structure; information asymmetry; agency conflicts

5.

Do Intangible Assets Really Foster Corporate Tax Avoidance?

Number of pages: 55 Posted: 26 Mar 2021 Last Revised: 06 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 204 (211,473)

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intangible assets; tax avoidance; off-balance

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 176 (240,752)

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economic policy uncertainty; investor sentiment; flow decomposition

7.

Do Performance Commitment Clauses Protect M&A Bidders?

Number of pages: 64 Posted: 14 Jul 2020 Last Revised: 05 Aug 2022
Kai Wu, Maobin Xu and Zejun Jin
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 148 (277,745)

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performance commitment, information asymmetry, overpayment

8.

Manager Sentiment, Deal Characteristics, and Takeover Performance

Number of pages: 66 Posted: 26 Feb 2020 Last Revised: 02 Feb 2022
Suwei An, Xiaofen Tan and Kai Wu
Tilburg University - Tilburg School of Economics and Management, Central University of Finance and Economics (CUFE) and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 148 (277,745)

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manager sentiment; deal characteristic; takeover performance; textual analysis

9.

Are Mutual Fund Manager Skills Transferable to Private Funds?

International Review of Economics & Finance, Forthcoming
Number of pages: 48 Posted: 07 May 2019 Last Revised: 08 Jul 2021
affiliation not provided to SSRN, University of Massachusetts Amherst - Department of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 133 (301,904)
Citation 1

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private funds, mutual funds, investment skills, work experience

10.

Customer Concentration, Leverage Adjustments, and Firm Value

Number of pages: 67 Posted: 12 Mar 2021 Last Revised: 06 Jun 2022
Southeast University - School of Economics and Management,, 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 114 (337,784)

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customer concentration; capital structure; cash flow risk

11.

How Is Illiquidity Priced in the Chinese Stock Market?

Number of pages: 63 Posted: 22 Mar 2021 Last Revised: 06 Jun 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 108 (352,753)

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stock liquidity, illiquidity premium, multivariate decomposition

12.

Blessing or Curse? Government Subsidy Dependence and Stock Price Crash Risk

Number of pages: 50 Posted: 24 Nov 2020 Last Revised: 18 Jan 2022
Southeast University - School of Economics and Management,, Southeast University - School of Economics and Management and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 103 (361,842)

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government subsidy; financial restatements; valuation uncertainty; crash risk

13.

The Power of Title: Intellectual Property Support and Firm Innovation

Number of pages: 52 Posted: 16 Apr 2020 Last Revised: 07 Apr 2021
Maobin Xu and Kai Wu
The Chinese University of Hong Kong, Shenzhen and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 103 (361,842)

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intellectual property, government support, firm innovation

14.

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 95 (380,985)

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

15.

News Tone, Investor Sentiment, and Liquidity Premium

Number of pages: 41 Posted: 24 May 2021 Last Revised: 19 Aug 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 87 (402,336)

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investor sentiment, liquidity, liquidity premium

16.

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 75 (438,494)

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external guarantees, information asymmetry, crash risk

17.

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

Number of pages: 55 Posted: 05 Feb 2022 Last Revised: 15 Jun 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 73 (448,281)

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

18.

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 69 (458,602)

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Innovation Diffusion, Bounded Rationality

19.

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 66 (469,158)
Citation 1

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cost of equity; corporate investment; return decomposition

20.

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 59 (495,827)

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market liquidity, price disparity, the law of one price

21.

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 55 (512,096)

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social network; household income; gift expenditure

22.

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 47 (547,897)

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Oil Prices, Oil Supply Shocks, Stock Returns

23.

Does Shale Gas Development Promote Local Innovation?

Number of pages: 58 Posted: 18 Feb 2021 Last Revised: 18 Apr 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 38 (593,818)

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local innovation; patent quality; shale gas development

24.

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 27 (662,257)

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anti-corruption campaign, capital structure adjustment, political connection

25.

Corporate Liquidity Effect of Performance Commitment Clauses in Acquisitions

Number of pages: 60 Posted: 06 Jun 2022
Yufei Lu and Kai Wu
Central University of Finance and Economics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 25 (677,091)

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corporate liquidity; agency conflicts; performance commitment

26.

Supplier Concentration and Speed of Capital Structure Adjustment

Number of pages: 48 Posted: 19 Jul 2022
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 23 (692,377)

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supplier concentration, capital structure adjustment, agency conflict, bargaining power

27.

Does Political Uncertainty Matter in Executive Compensation?

Number of pages: 63 Posted: 25 May 2022
Jiming Liu 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 (716,242)

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political uncertainty, pay-performance sensitivity, executive incentive