Jing Shi

Macquarie UNiversity

Professor

Eastern Rd.

North Ryde

Sydney, NSW 2109

Australia

http://https://researchers.mq.edu.au/en/persons/jing-shi

SCHOLARLY PAPERS

34

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CITATIONS
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44

Scholarly Papers (34)

1.

Determinants of Dividend Policy in Chinese Firms: Cash Versus Stock Dividends

Number of pages: 43 Posted: 27 Sep 2009
Australian National University, Research School of Finance, Actuarial Studies and Applied Statistics, Bowling Green State University - College of Business Administration, Macquarie UNiversity and University of Melbourne - Department of Finance
Downloads 1,486 (11,663)

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dividend policy, cash dividend, stock dividend, China, emerging markets

2.

The Effect of Mandatory CSR Disclosure on Information Asymmetry: Evidence from a Quasi-Natural Experiment in China

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 39 Posted: 26 Jan 2013 Last Revised: 01 Oct 2013
Mingyi Hung, Jing Shi and Yongxiang Wang
Hong Kong University of Science & Technology (HKUST), Macquarie UNiversity and University of Southern California - Marshall School of Business
Downloads 1,181 (16,743)
Citation 7

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Mandatory CSR Disclosure, Information Asymmetry, Political/Social Risk, China

3.

Dividend Policy, Corporate Governance and Stock Liquidity

Asian Finance Association (AsianFA) 2015 Conference Paper
Number of pages: 54 Posted: 26 Feb 2015
Rulu Pan, Jing Shi and Qiaoqiao Zhu
University of Queensland - Business School, Macquarie UNiversity and Australian National University (ANU) - College of Business and Economics
Downloads 745 (32,579)
Citation 2

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4.

The Persistent Presidential Dummy

Number of pages: 31 Posted: 17 Jun 2006
Massey University - Department of Finance Banking and Property, Macquarie UNiversity, University of Queensland - Faculty of Business, Economics and Law and Vanderbilt University - Finance
Downloads 411 (70,045)
Citation 1

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spurious regression, persistence, data mining, dummy variable

5.

Coinsurance within Business Groups: Evidence from Related Party Transactions in an Emerging Market

Management Science, Forthcoming
Number of pages: 36 Posted: 14 Jan 2012 Last Revised: 17 Jul 2013
Nan Jia, Jing Shi and Yongxiang Wang
University of Southern California - Marshall School of Business, Macquarie UNiversity and University of Southern California - Marshall School of Business
Downloads 399 (72,529)

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Busines Group, Coinsurance, Related Party Transactions, Credit Crunch, China Economy

6.

Political Regimes, Business Cycles, Seasonalities, and Returns

Number of pages: 61 Posted: 17 Jun 2006 Last Revised: 22 Dec 2008
Massey University - Department of Finance Banking and Property, Macquarie UNiversity, University of Queensland - Faculty of Business, Economics and Law and Vanderbilt University - Finance
Downloads 363 (80,964)

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persistent regimes, regime difference tests, spurious regression, dummy variable

7.

Stock Versus Cash Dividends: Signaling or Catering

Number of pages: 49 Posted: 15 Mar 2011 Last Revised: 16 Jun 2012
University of Melbourne - Department of Finance, Macquarie UNiversity, Australian National University, Research School of Finance, Actuarial Studies and Applied Statistics and Bowling Green State University - College of Business Administration
Downloads 315 (94,983)
Citation 4

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Dividend policy, stock dividend, cash dividend, signalling, China

Why Do Firms Pay Stock Dividends: Is it Just a Stock Split?

Number of pages: 48 Posted: 31 Jan 2013
Australian National University, Research School of Finance, Actuarial Studies and Applied Statistics, Bowling Green State University - College of Business Administration, Macquarie UNiversity and University of Melbourne - Department of Finance
Downloads 250 (120,925)

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dividend policy, stock dividend, cash dividend, signaling, catering, China

Why Do Firms Pay Stock Dividends: Is it Just a Stock Split?

Australian Journal of Management, Vol. 41, No. 3, 2016
Posted: 30 Jul 2016
Australian National University, Research School of Finance, Actuarial Studies and Applied Statistics, Bowling Green State University - College of Business Administration, Macquarie UNiversity and University of Melbourne - Department of Finance

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Dividend policy, stock dividend, stock split

9.

Do Secondary Shares in the IPO Process Have a Negative Effect on Aftermarket Performance?

Journal of Banking and Finance, Vol. 31, 2007
Number of pages: 20 Posted: 15 Oct 2007
James C. Brau, Mingsheng Li and Jing Shi
Brigham Young University, Bowling Green State University - College of Business Administration and Macquarie UNiversity
Downloads 235 (129,339)

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initial public offerings; aftermarket performance, insider selling

10.

The Crowding-Out Effect of Real Estate Markets on Corporate Innovation: Evidence from China

Asian Finance Association (AsianFA) 2016 Conference
Number of pages: 37 Posted: 25 Jan 2016 Last Revised: 02 Sep 2016
Macquarie UNiversity, University of Southern California - Marshall School of Business, University of International Business and Economics (UIBE) and Renmin University of China
Downloads 233 (130,429)
Citation 2

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Real Estate Markets, Innovation, Crowding Out Effect, Managerial Myopia, China

11.

Mutual Fund Flow-Performance Relationship Under Volatile Market Condition

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 40 Posted: 26 Jan 2013
Mingsheng Li, Jing Shi and Jun Xiao
Bowling Green State University - College of Business Administration, Macquarie UNiversity and Jiangxi University of Finance and Economics
Downloads 217 (139,801)

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Chinese mutual funds, Flow-performance relationship, Asymmetric relationship, Disposition effect, House money effect, Star effect, Cognitive dissonance, Attribution bias, Overconfidence

12.

The Differential Impact of the Bank-Firm Relationship on IPO Underpricing: Evidence from China

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 55 Posted: 26 Jan 2013 Last Revised: 27 Sep 2014
Xiangchao Hao, Jing Shi and Jian Yang
Institute of Finance, School of Economics, Nankai University, Macquarie UNiversity and University of Colorado at Denver - Business School
Downloads 201 (150,183)

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bank-firm relationship, bank’s credit quality, political connections, initial public offerings, commercial banks

The Dynamics of Political Embeddedness in China

Forthcoming in the Administrative Science Quarterly
Number of pages: 53 Posted: 16 Mar 2012 Last Revised: 03 May 2016
University of California, Berkeley, University of Southern California - Marshall School of Business, Macquarie UNiversity and University of Southern California - Marshall School of Business
Downloads 183 (163,765)
Citation 1

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political connection, firm value, market transition, political reform

Does Market Transition Eclipse the Value of Firms’ Political Connections? A Longitudinal Study of Publicly Listed Firms in China

Posted: 14 Jan 2012 Last Revised: 31 Dec 2013
Nan Jia, Jing Shi and Yongxiang Wang
University of Southern California - Marshall School of Business, Macquarie UNiversity and University of Southern California - Marshall School of Business

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Political Connections, Political Reforms, Market Transition

14.

Value Creation and Value Capture in Governing Shareholder Relationships: Evidence from a Policy Experiment in an Emerging Market

Strategic Management Journal, Forthcoming
Number of pages: 42 Posted: 05 Nov 2012 Last Revised: 24 May 2018
Nan Jia, Jing Shi and Yongxiang Wang
University of Southern California - Marshall School of Business, Macquarie UNiversity and University of Southern California - Marshall School of Business
Downloads 136 (210,474)

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Value Creation, Value Capture or Appropriation, Corporate Governance, Principal-Principal Conflict, Shareholder Relations, Emerging Markets

15.

Information Asymmetry and Credit Rating: A Quasi-Natural Experiment from China

Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 1 Posted: 28 Sep 2017 Last Revised: 30 May 2019
RMIT University, School of Economics, Finance and Marketing, Macquarie University, Macquarie University and Macquarie UNiversity
Downloads 100 (263,614)
Citation 1

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Credit ratings; Information asymmetry; Rating quality; Investor-pay model; Public utility model

16.

The Chinese Cash and Stock Dividend Puzzles: Evidence from Joint Earnings and Dividend Announcements

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 36 Posted: 25 Aug 2012 Last Revised: 14 Nov 2012
John G. Powell, Meifen Qian and Jing Shi
Massey University - Department of Finance Banking and Property, Jiangxi University of Finance and Economics and Macquarie UNiversity
Downloads 87 (288,310)

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stock dividend, Chinese stock dividend puzzle, Chinese cash dividend puzzle

17.

The Interdependence of Public and Private Stakeholder Influence: A Study of Political Patronage and Corporate Philanthropy in China

Advances in Strategic Management, Forthcoming
Number of pages: 33 Posted: 16 Feb 2018
Nan Jia, Jing Shi and Yongxiang Wang
University of Southern California - Marshall School of Business, Macquarie UNiversity and University of Southern California - Marshall School of Business
Downloads 71 (324,935)

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corporate philanthropy, corporate social responsibility (CSR), stakeholder theory, interdependence, political patronage, political connection, China

18.

Institutional Quality, Investment Efficiency and the Choice of Public-Private Partnerships

8th Conference on Financial Markets and Corporate Governance (FMCG) 2017
Number of pages: 42 Posted: 23 Jan 2017 Last Revised: 22 Jun 2017
RMIT University, Faculty of Business, School of Economics, Finance and Marketing, Macquarie UNiversity, RMIT University and RMIT University
Downloads 49 (389,567)

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Public-Private Partnerships, institutional quality, investment-cash flow sensitivity

19.

Should Financial Gatekeepers Be Publicly Traded?

Journal of Business Ethics, Forthcoming
Number of pages: 53 Posted: 07 Dec 2017 Last Revised: 20 Oct 2018
Macquarie University, Bowling Green State University - College of Business Administration and Macquarie UNiversity
Downloads 38 (430,236)

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Ethical conduct; Initial public offering; Analyst recommendation; Financial gatekeepers; Broker firms.

20.

Broker Firms' Organisational Structure Changes and the Impact on Analyst Recommendations

Number of pages: 47 Posted: 31 Jan 2017
Macquarie University, Bowling Green State University - College of Business Administration and Macquarie UNiversity
Downloads 37 (434,294)

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Analyst recommendation; Broker firms; Investment banks; Conflicts of interest; Initial Public Offering

21.

Foreign Ownership in Chinese Credit Ratings Industry: Information Revelation or Certification?

2019 Financial Markets & Corporate Governance Conference
Number of pages: 58 Posted: 14 Jan 2019 Last Revised: 19 Jan 2019
Xiaolu Hu, Jing Shi, Lafang Wang and Jing Yu
RMIT University, School of Economics, Finance and Marketing, Macquarie UNiversity, Hunan University and The University of Western Australia - Department of Accounting and Finance
Downloads 36 (442,503)
Citation 1

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Credit rating; Foreign ownership; Chinese debt market

22.

Are Banks Really Special? Evidence from a Natural Experiment

Macquarie University Faculty of Business & Economics Research Paper
Number of pages: 37 Posted: 08 Dec 2018
Justin Hung Nguyen and Jing Shi
Victoria University of Wellington - Victoria Business School and Macquarie UNiversity
Downloads 33 (450,993)

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Bank loan announcement; Abnormal return; Environmental risk

23.

Social Ties and Favoritism in Chinese Science

NBER Working Paper No. w23130
Number of pages: 49 Posted: 07 Feb 2017
National Bureau of Economic Research (NBER), Macquarie UNiversity, University of Southern California - Marshall School of Business and Renmin University of China
Downloads 30 (464,891)

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Which Matters: 'Paying to Play' or Stable Business Relationship? Evidence on Analyst Recommendation and Mutual Fund Commission Fee Payment

Asian Finance Association (AsianFA) 2015 Conference Paper
Number of pages: 46 Posted: 15 Feb 2015
Macquarie University, Bowling Green State University - College of Business Administration and Macquarie UNiversity
Downloads 24 (511,621)

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analyst recommendation, mutual fund, business relationship

Which Matters: 'Paying to Play' or Stable Business Relationship? Evidence on Analyst Recommendation and Mutual Fund Commission Fee Payment

2015 Financial Markets & Corporate Governance Conference
Number of pages: 46 Posted: 30 Jan 2015
Macquarie University, Bowling Green State University - College of Business Administration and Macquarie UNiversity
Downloads 4 (646,417)

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Business relationship, analyst recommendation, mutual fund

Which Matters: 'Paying to Play' or Stable Business Relationship? Evidence on Analyst Recommendation and Mutual Fund Commission Fee Payment

Pacific-Basin Finance Journal, Vol. 40, No. Dec, 2016
Posted: 07 Dec 2017
Macquarie University, Bowling Green State University - College of Business Administration and Macquarie UNiversity

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Chinese mutual funds; Open-ended equity funds; Analyst recommendation; Stable business relationship; Customer relationship management.

25.

Twenty Years of Accounting and Finance Research on the Chinese Capital Market

Abacus, Vol. 54, Issue 4, pp. 576-599, 2018
Number of pages: 24 Posted: 26 Dec 2018
Jianlei Han, Jing He, Zheyao Pan and Jing Shi
Macquarie University - Faculty of Business and Economics, Macquarie University, Macquarie University and Macquarie UNiversity
Downloads 2 (636,063)
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Accounting, Chinese capital market, Finance, Research, Review

26.

IPO Trading Without Market Makers or Underwriter Price Support

Financial Review, Vol. 46, Issue 3, pp. 459-483, 2011
Number of pages: 25 Posted: 11 Jul 2011
University of South Florida, Bowling Green State University - College of Business Administration and Macquarie UNiversity
Downloads 2 (636,063)
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initial public offerings, order‐driven market, order imbalance, liquidity supply

27.

Common Divisors, Payout Persistence, and Return Predictability

International Review of Finance, Vol. 9, No. 4, pp. 335-357, December 2009
Number of pages: 23 Posted: 08 Dec 2009
Massey University - Department of Finance Banking and Property, Macquarie UNiversity, University of Queensland - Faculty of Business, Economics and Law and Vanderbilt University - Finance
Downloads 2 (636,063)
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28.

Which Matters: 'Paying to Play' or Stable Business Relationships? Evidence on Analyst Recommendations and Mutual Fund Commission Fee Payments

Pacific-Basin Finance Journal, Forthcoming
Posted: 15 Jul 2016
Macquarie University, Bowling Green State University - College of Business Administration and Macquarie UNiversity

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Chinese mutual funds, Open-ended equity funds, Analyst recommendation, Stable business relationship, Customer relationship management

29.

Volatile Market Condition and Investor Clientele Effects on Mutual Fund Flow Performance Relationship

Pacific-Basin Finance Journal, Vol. 29, Pp. 310-334, 2014
Posted: 13 Jul 2016
Jun Xiao, Mingsheng Li and Jing Shi
Jiangxi University of Finance and Economics, Bowling Green State University - College of Business Administration and Macquarie UNiversity

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Chinese Mutual Funds; Flow-Performance Relationship; Asymmetric Relationship; Disposition Effect; House Money Effect; Star Effect; Cognitive Dissonance; Attribution Bias; Overconfidence; Smart Money Effect; Investor Clientele

30.

Should Stock Market Return Forecasts Be Conditioned on Politics?

Australian Journal of Management, Vol. 40, No. 4, 2015
Posted: 15 Jan 2016
Independent, Jiangxi University of Finance and Economics, Macquarie UNiversity and Australian National University (ANU) - College of Business and Economics

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Auto-correlated explanatory variables, presidential regimes, spurious regression, stock market return differences

31.

Do Politically Connected Firms Engage More or Less in Corporate Philanthropy? Evidence from Public and Private Firms in China

FIRN Research Paper
Posted: 25 Jan 2013
Nan Jia, Jing Shi and Yongxiang Wang
University of Southern California - Marshall School of Business, Macquarie UNiversity and University of Southern California - Marshall School of Business

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corporate philanthropy, political connection, publically traded firms, private unlisted firms, China

32.

The Impact of Terrorism on Global Equity Market Integration

Australian Journal of Management, Vol. 37, No. 1, 2012
Posted: 05 May 2012
Australian National University (ANU) - Faculty of Economics & Commerce, Bond University, Goldman Sachs Australia Pty Ltd. and Macquarie UNiversity

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capital market integration, contagion, international equity markets, terrorism

33.

Foreign Direct Investment and International Stock Market Integration

Australian Journal of Management, Vol. 35, No. 3, pp. 265-290, 2010
Posted: 02 Apr 2011
Macquarie UNiversity, Australian National University (ANU) - Faculty of Economics & Commerce, Massey University - Department of Finance Banking and Property and Massey University

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foreign direct investment, integration, stock market

34.

Endowment Warrant Valuation

Journal of Derivatives, Vol. 7, Iss. 1, Fall 1999
Posted: 14 Oct 1999
Massey University - Department of Finance Banking and Property, affiliation not provided to SSRN and Macquarie UNiversity

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