Li Liao

Tsinghua University - PBC School of Finance

No. 43, Chengdu Road

Haidian District

Beijing 100083

China

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 18,639

SSRN RANKINGS

Top 18,639

in Total Papers Downloads

5,586

TOTAL CITATIONS
Rank 18,224

SSRN RANKINGS

Top 18,224

in Total Papers Citations

65

Scholarly Papers (16)

1.

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

PBCSF-NIFR Research Paper, Journal of Empirical Finance, 62 (2021) 87–106
Number of pages: 61 Posted: 14 Feb 2018 Last Revised: 03 Oct 2022
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 766 (68,611)
Citation 21

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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
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 650 (84,749)
Citation 3

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

3.

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
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, The University of Hong Kong - Faculty of Business and Economics and Peking University - Guanghua School of Management
Downloads 646 (85,396)
Citation 18

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

4.

Deciphering Big Data in Consumer Credit Evaluation

PBCSF-NIFR Research Paper, Journal of Empirical Finance, 62 (2021) 28–45
Number of pages: 55 Posted: 11 Jan 2019 Last Revised: 03 Oct 2022
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 Beijing Normal University
Downloads 575 (99,110)

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

5.

Angry Borrowers: Ex-Post Effects of Social Shaming on Debt Repayment

PBCSF-NIFR Research Paper
Number of pages: 49 Posted: 09 Jul 2019 Last Revised: 11 Nov 2024
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 451 (133,286)
Citation 1

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Behavioral Finance, Social Shaming, Debt Collection, Reciprocity, Privacy Infringement

6.

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

China Economic Review, Forthcoming
Number of pages: 63 Posted: 06 Aug 2020 Last Revised: 15 Mar 2024
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance, Central University of Finance and Economics (CUFE) and Tsinghua University - PBC School of Finance
Downloads 436 (138,815)
Citation 3

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

7.

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
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 392 (156,729)

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Fast-thinking; Learning; P2P lending

8.

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

Management Science, Forthcoming
Number of pages: 64 Posted: 12 Apr 2021 Last Revised: 30 Sep 2022
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 329 (190,055)
Citation 1

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information avoidance, charity giving, crowdfunding, peer comparison, behavioral economics, 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
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 253 (249,750)
Citation 3

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Peer effect, Default Decision, Cash loan, Fintech

10.

Cyber Income Inequality

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 123 Posted: 13 Mar 2023 Last Revised: 25 Oct 2024
Tsinghua University - PBC School of Finance, The University of Hong Kong - Faculty of Business and Economics, Central University of Finance and Economics (CUFE), HKU Business School, The University of Hong Kong and The University of Hong Kong
Downloads 218 (288,633)

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Digital Economy, Income Inequality, Superstar Effect, Market Size

11.

Unveiling the Villain: Credit Supply and the Debt Trap

Journal of Empirical Finance, 2025, Volume 80

PBCSF-NIFR Research Paper
Number of pages: 50 Posted: 01 Oct 2018 Last Revised: 08 Feb 2025
affiliation not provided to SSRN, Department of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Beijing Normal University
Downloads 189 (329,567)

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Credit supply, Debt trap, Cash loan, Consumer finance, FinTech

12.

Childhood Exposure and Stock Market Participation

PBCSF-NIFR Research Paper
Number of pages: 39 Posted: 30 Nov 2016
Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 187 (332,734)

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Childhood exposure, Stock market participation, Openness

13.

Attention to Detail and Entrepreneurial Success

PBCSF-NIFR Research Paper Forthcoming
Number of pages: 52 Posted: 10 Aug 2022
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 172 (358,512)

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Entrepreneurial financing, Attention to detail, Crowdfunding, Kickstarter

14.

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
Department of Finance, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and Beijing Normal University
Downloads 116 (492,884)
Citation 12

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Venture capital certification, P2P lending platform, Information asymmetry

15.

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

Kelley School of Business Research Paper No. 18-48, The Accounting Review, 98(3):397–425
Number of pages: 61 Posted: 16 Jun 2019 Last Revised: 31 May 2023
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 113 (502,643)
Citation 3

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

16.

Age Discrimination, Employment Barriers During the Prime Working Age and Career Behaviours

PBCSF-NIFR Research Paper
Number of pages: 51 Posted: 31 Oct 2024
Career Science Lab, BOSS Zhipin, PBCSF, Tsinghua University, PBCSF, Tsinghua University, Tsinghua University - PBC School of Finance and Career Science Lab, BOSS Zhipin
Downloads 93 (575,102)

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age discrimination, career path, job seeking behaviour