Li Liao

Tsinghua University - PBC School of Finance

No. 43, Chengdu Road

Haidian District

Beijing 100083

China

  • Tsinghua University - PBC School of Finance

SCHOLARLY PAPERS

14

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SSRN CITATIONS
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Top 39,203

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13

CROSSREF CITATIONS

6

Scholarly Papers (14)

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1.

Government Affiliation and Peer-to-Peer Lending Platforms in China

PBCSF-NIFR Research Paper, Journal of Empirical Finance, Forthcoming
Number of pages: 61 Posted: 14 Feb 2018 Last Revised: 12 Apr 2021
Jinglin Jiang, Li Liao, Zhengwei Wang and Xiaoyan Zhang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 694 (53,048)
Citation 3

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Peer-to-Peer Lending Platforms, Fintech, Government Affiliation, State-Owned Enterprise, Emerging Markets

2.

User Interface and First-hand Experience in Retail Investing

Kelley School of Business Research Paper No. 18-54, The Review of Financial Studies, 34 (2021): 4486–4523
Number of pages: 53 Posted: 20 Jun 2018 Last Revised: 08 Aug 2022
Li Liao, Zhengwei Wang, Jia Xiang, Hongjun Yan and Jun Yang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, DePaul University and Indiana University - Kelley School of Business - Department of Finance
Downloads 516 (77,203)
Citation 3

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Rule of thumb, fast thinking, mobile investing, salience, first-hand experience, P2P

3.

Deciphering Big Data in Consumer Credit Evaluation

PBCSF-NIFR Research Paper, Journal of Empirical Finance, Forthcoming
Number of pages: 55 Posted: 11 Jan 2019 Last Revised: 12 Apr 2021
Jinglin Jiang, Li Liao, Xi Lu, Zhengwei Wang and Hongyu Xiang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, BaiRong Financial Information Service Co., Ltd, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 466 (87,326)

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Big Data, FinTech, Personal Credit, Large-scale Alternative Data, Income Exaggeration

4.

Capital Spillover, House Prices, and Consumer Spending: Quasi-Experimental Evidence from House Purchase Restrictions

PBCSF-NIFR Research Paper
Number of pages: 70 Posted: 17 Jan 2020 Last Revised: 06 Jul 2021
Yinglu Deng, Li Liao, Jiaheng Yu and Yu Zhang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Massachusetts Institute of Technology (MIT) and Peking University - Guanghua School of Management
Downloads 429 (96,164)

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out-of-town demand, house prices, wealth effect, consumer spending, capital flight, quasi-experiment

5.

Assessing and Addressing the Coronavirus-Induced Economic Crisis: Evidence From 1.5 Billion Sales Invoices

PBCSF-NIFR Research Paper, 2020
Number of pages: 52 Posted: 06 Aug 2020 Last Revised: 29 Mar 2021
Zhuo Chen, Pengfei Li, Li Liao and Zhengwei Wang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 376 (111,866)
Citation 3

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COVID-19, pandemic, invoices, firm sales, economic stimulus

6.

Thinking Fast, Not Slow: Evidence from Peer-to-Peer Lending

Kelley School of Business Research Paper No. 16-64, PBCSF-NIFR Research Paper
Number of pages: 52 Posted: 26 Aug 2016 Last Revised: 29 Oct 2020
Li Liao, Zhengwei Wang, Jia Xiang and Jun Yang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 314 (135,981)

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Fast-thinking; Learning; P2P lending

7.

Angry Borrowers: Negative Reciprocity in a Financial Market

PBCSF-NIFR Research Paper
Number of pages: 55 Posted: 09 Jul 2019 Last Revised: 06 Jul 2021
Li Liao, Zhengwei Wang, Hongjun Yan, Jun Yang and Congyi Zhou
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, DePaul University, Indiana University - Kelley School of Business - Department of Finance and Tsinghua University, PBC School of Finance, Students
Downloads 293 (146,208)
Citation 1

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Behavioral Finance; Reciprocity; Privacy Infringement; Social Pressure

8.

What If Borrowers Were Informed about Credit Reporting? Two Natural Field Experiments

Kelley School of Business Research Paper No. 18-48, The Accounting Review, Forthcoming
Number of pages: 61 Posted: 16 Jun 2019 Last Revised: 08 Aug 2022
Li Liao, Xiumin Martin, Ni Wang, Zhengwei Wang and Jun Yang
Tsinghua University - PBC School of Finance, Washington University in Saint Louis - Olin School of Business, The Quant Group, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 234 (182,738)
Citation 3

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Credit reporting, Loan take-up, Default, Incentive, Selection, Field experiment

9.

Peer Effect on Consumer Default Decision: Evidence From Online Lending Platform

PBCSF-NIFR Research Paper
Number of pages: 30 Posted: 27 Jun 2019
Emma Li, Li Liao, Zhengwei Wang and Xincheng Wang
Department of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 150 (270,215)
Citation 3

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Peer effect, Default Decision, Cash loan, Fintech

10.

Avoiding Peer Information and Its Effects on Charity Crowdfunding: a Field Experiment

Number of pages: 63 Posted: 12 Apr 2021 Last Revised: 18 Jul 2022
Tat Chan, Li Liao, Xiumin Martin and Zhengwei Wang
Washington University in St. Louis - John M. Olin Business School, Tsinghua University - PBC School of Finance, Washington University in Saint Louis - Olin School of Business and Tsinghua University - PBC School of Finance
Downloads 110 (340,420)

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information avoidance, charity giving, crowdfunding, peer comparison, behavioral economics, field experiment

11.

Individual Consumption Response to Expanding Credit Access: Evidence from Online Cash Loan Platform

PBCSF-NIFR Research Paper
Number of pages: 41 Posted: 01 Oct 2018
Emma Li, Li Liao, Zhengwei Wang and Hongyu Xiang
Department of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 103 (355,708)

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Consumption, Cash loan, Debt, Credit access, Consumer finance, Fintech

12.

Venture capital certification and customer response: Evidence from P2P lending platforms

Journal of Corporate Finance, Vol. 60, 2020
Number of pages: 52 Posted: 01 Oct 2018 Last Revised: 08 Jul 2020
Emma Li, Li Liao, Zhengwei Wang and Hongyu Xiang
Department of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 82 (409,737)
Citation 2

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Venture capital certification, P2P lending platform, Information asymmetry

13.

Childhood Exposure and Stock Market Participation

PBCSF-NIFR Research Paper
Number of pages: 39 Posted: 30 Nov 2016
Jinglin Jiang, Li Liao and Zhengwei Wang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 78 (421,749)

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Childhood exposure, Stock market participation, Openness

14.

Attention to Detail and Entrepreneurial Success

Number of pages: 52 Posted: 10 Aug 2022
Jinglin Jiang, Li Liao, Regan Stevenson, Zhengwei Wang and Jun Yang
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Indiana University: Kelley School of Business, Tsinghua University - PBC School of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 5 (852,743)

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Entrepreneurial financing, Attention to detail, Crowdfunding, Kickstarter