Tao Shen

Tsinghua University

Associate Professor

Department of Finance

School of Economics and Management

China

  • Tsinghua University

SCHOLARLY PAPERS

16

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7,184

SSRN CITATIONS
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32

CROSSREF CITATIONS

17

Scholarly Papers (16)

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1.

Investment and the Weighted Average Cost of Capital

Number of pages: 51 Posted: 04 Mar 2012 Last Revised: 20 Jul 2015
Murray Z. Frank and Tao Shen
University of Minnesota and Tsinghua University
Downloads 1,984 (11,467)
Citation 17

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Weighted average cost of capital, investment, CAPM, implied cost of capital

2.

The Pecking Order Theory of Capital Structure: Where Do We Stand?

Oxford Research Encyclopedia of Economics and Finance
Number of pages: 42 Posted: 14 Mar 2020 Last Revised: 25 Mar 2021
Murray Z. Frank, Vidhan K. Goyal, Vidhan K. Goyal and Tao Shen
University of Minnesota, HKUSTHong Kong University of Science & Technology (HKUST) - Department of Finance and Tsinghua University
Downloads 1,405 (19,541)
Citation 2

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pecking order, net equity issues, net debt issues, financing deficit

3.

Financing Entrepreneurship and Innovation in China: A Public Policy Perspective

Stanford University Graduate School of Business Research Paper No. 18-46
Number of pages: 55 Posted: 25 Sep 2018
Lin William Cong, Charles M.C. Lee, Yuanyu Qu and Tao Shen
Cornell University - Samuel Curtis Johnson Graduate School of Management, Foster School of Business, University of Washington, University of International Business and Economics (UIBE) - School of Banking and Finance and Tsinghua University
Downloads 720 (50,403)
Citation 3

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4.

Reverse Mergers, Shell Value, and Regulation Risk in Chinese Equity Markets

Stanford University Graduate School of Business Research Paper No. 17-63
Number of pages: 68 Posted: 19 Sep 2017 Last Revised: 19 Oct 2017
Charles M.C. Lee, Yuanyu Qu and Tao Shen
Foster School of Business, University of Washington, University of International Business and Economics (UIBE) - School of Banking and Finance and Tsinghua University
Downloads 672 (55,229)
Citation 10

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reverse mergers, shell value, anomalies, regulation risk, IPOs, Chinese equity markets.

5.

Common Factors in Corporate Capital Structure

Number of pages: 65 Posted: 02 Jul 2013
Murray Z. Frank and Tao Shen
University of Minnesota and Tsinghua University
Downloads 406 (102,327)
Citation 8

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capital structure, leverage target, reduced rank regression, partial adjustment

6.

The Geography of Information Acquisition

Journal of Financial and Quantitative Analysis
Number of pages: 81 Posted: 24 Apr 2019 Last Revised: 29 Nov 2021
Honghui Chen, Yuanyu Qu, Tao Shen, Qinghai Wang, David Xiaoyu Xu and David Xiaoyu Xu
Department of Finance, University of Central Florida, University of International Business and Economics (UIBE) - School of Banking and Finance, Tsinghua University, University of Central Florida - College of Business Administration and University of Texas at AustinUniversity of Texas at Austin - Department of Finance
Downloads 371 (113,408)
Citation 2

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mutual funds, information acquisition, local bias, portfolio choice

7.

Going Public in China: Reverse Mergers versus IPOs

Stanford University Graduate School of Business Research Paper No. 18-15
Number of pages: 61 Posted: 14 Mar 2018 Last Revised: 08 Apr 2019
Charles M.C. Lee, Yuanyu Qu and Tao Shen
Foster School of Business, University of Washington, University of International Business and Economics (UIBE) - School of Banking and Finance and Tsinghua University
Downloads 345 (122,928)
Citation 2

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Reverse Mergers, Initial Public Offerings, Capital Market Regulation, Chinese Security Markets, Market Reform in China

8.

Organized Labor and Loan Pricing: A Regression Discontinuity Design Analysis

Number of pages: 43 Posted: 07 Apr 2016 Last Revised: 04 Oct 2016
Yue Qiu and Tao Shen
Temple University and Tsinghua University
Downloads 250 (171,356)
Citation 4

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labor unions, bank loans, regression discontinuity design

9.

Short Selling, Agency, and Corporate Investment

Number of pages: 69 Posted: 01 Nov 2014 Last Revised: 08 Apr 2020
Pedram Nezafat, Tao Shen and Qinghai Wang
University of Michigan at Ann Arbor - Finance, Tsinghua University and University of Central Florida - College of Business Administration
Downloads 223 (191,092)
Citation 1

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Short Selling, Agency Problems, Corporate Investment, Stock Returns

10.

Corporate Capital Structure Actions

Number of pages: 77 Posted: 09 Dec 2016 Last Revised: 21 Jul 2019
Murray Z. Frank and Tao Shen
University of Minnesota and Tsinghua University
Downloads 170 (243,469)
Citation 6

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Corporate leverage target, Stock sales, Stock purchases, Debt issues, Debt reductions

11.

U.S. Dollar Debt Issuance by Chinese Firms

Number of pages: 44 Posted: 04 Oct 2016
Murray Z. Frank and Tao Shen
University of Minnesota and Tsinghua University
Downloads 157 (260,281)
Citation 1

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debt issuance, capital control, corporate investment

12.

Credit Spreads and Investment Opportunities

Number of pages: 46 Posted: 15 Mar 2012 Last Revised: 17 Nov 2015
Tao Shen
Tsinghua University
Downloads 147 (274,423)

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Q, investment, credit spreads

13.

Cross-Border Leveraged Buyouts

Number of pages: 57 Posted: 26 Jan 2015 Last Revised: 04 Apr 2016
Isaac Holloway, Hoan Lee and Tao Shen
Tsinghua University - School of Economics & Management, Tsinghua University - School of Economics & Management and Tsinghua University
Downloads 136 (291,628)

Abstract:

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Leveraged buyouts, private equity, cross-border mergers and acquisitions

14.

Geographic Proximity and Price Efficiency: Evidence from High-speed Railway Connections Between Firms and Financial Centers

Number of pages: 55 Posted: 17 Jul 2020 Last Revised: 12 May 2021
Hao Gao, Yuanyu Qu and Tao Shen
Tsinghua University - PBC School of Finance, University of International Business and Economics (UIBE) - School of Banking and Finance and Tsinghua University
Downloads 107 (346,495)

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Price efficiency; Geographic proximity; High-speed railway; Information acquisitions

15.

Gate Fees: The Pervasive Effect of IPO Restrictions on Chinese Equity Markets

Number of pages: 58 Posted: 28 Nov 2021 Last Revised: 13 Jun 2022
Charles M.C. Lee, Yuanyu Qu and Tao Shen
Foster School of Business, University of Washington, University of International Business and Economics (UIBE) - School of Banking and Finance and Tsinghua University
Downloads 72 (440,370)

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reverse mergers; shell values; IPOs; return predictability; Chinese equity markets

16.

Longs, Shorts, and the Cross-Section of Stock Returns

Journal of Banking and Finance, Forthcoming
Number of pages: 82 Posted: 09 Dec 2016 Last Revised: 13 Jan 2022
Pedram Nezafat, Tao Shen, Qinghai Wang and J. (Julie) Wu
University of Michigan at Ann Arbor - Finance, Tsinghua University, University of Central Florida - College of Business Administration and University of Nebraska - Lincoln
Downloads 19 (709,642)
Citation 1

Abstract:

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Short Selling, Hedge Funds, Stock Returns, Disagreement, Dispersions in Analysts' Forecasts