Zheyao Pan

Macquarie University

North Ryde

Sydney, New South Wales 2109

Australia

SCHOLARLY PAPERS

16

DOWNLOADS
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Top 37,792

in Total Papers Downloads

1,768

SSRN CITATIONS
Rank 26,709

SSRN RANKINGS

Top 26,709

in Total Papers Citations

31

CROSSREF CITATIONS

3

Scholarly Papers (16)

1.

Individualistic CEO and Corporate Innovation: Evidence from U.S. Frontier Culture

Number of pages: 64 Posted: 27 Oct 2021 Last Revised: 13 Jan 2022
Lei Gao, Jianlei Han, Zheyao Pan and Huixuan Zhang
George Mason University, Macquarie University - Faculty of Business and Economics, Macquarie University and Macquarie University
Downloads 722 (48,842)

Abstract:

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Innovation; Culture; Individualism; Frontier History

2.

Economic Policy Uncertainty and Capital Structure Choice: Evidence from China

Economic Systems, Forthcoming
Number of pages: 41 Posted: 04 Feb 2015 Last Revised: 23 Jun 2016
Central University of Finance and Economics (CUFE) - Business School, Macquarie University - Faculty of Business and Economics, Macquarie University and Macquarie University
Downloads 253 (165,167)
Citation 8

Abstract:

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Economic Policy Uncertainty; Capital Structure; Trade Credit; China

3.

The Shadow Cost of Collateral

Number of pages: 58 Posted: 06 Jan 2022 Last Revised: 28 Mar 2022
Guangqian Pan, Zheyao Pan and Kairong Xiao
The University of Sydney, Macquarie University and Columbia University - Columbia Business School
Downloads 202 (204,400)

Abstract:

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Collateral, Secured and Unsecured Debt, Bunching estimation, Small business lending, Government lending program

4.

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

Asian Finance Association (AsianFA) 2018 Conference, Journal of Banking and Finance, Vol. 106, 2019
Number of pages: 1 Posted: 28 Sep 2017 Last Revised: 17 Mar 2020
RMIT University - School of Economics, Finance and Marketing, Macquarie University, Macquarie University and Macquarie University
Downloads 143 (273,793)
Citation 5

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

5.

CEO Inside Debt and Investment-Cash Flow Sensitivity

Accounting and Finance, Forthcoming
Number of pages: 24 Posted: 25 Nov 2014
Jianlei Han and Zheyao Pan
Macquarie University - Faculty of Business and Economics and Macquarie University
Downloads 124 (304,980)

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Investment-cash flow sensitivity; Inside debt; Pension; Deferred compensation; Managerial risk aversion

6.

On the Relation between Liquidity and the Futures-Cash Basis: Evidence from a Natural Experiment

Journal of Financial Markets, Forthcoming
Number of pages: 52 Posted: 30 Apr 2016 Last Revised: 23 Apr 2017
Jianlei Han and Zheyao Pan
Macquarie University - Faculty of Business and Economics and Macquarie University
Downloads 80 (405,582)

Abstract:

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Futures-cash basis; Liquidity; 2015 Chinese stock market crash; Arbitrage

7.

Common Ownership along the Supply Chain and Corporate Earnings Management

Number of pages: 48 Posted: 29 Mar 2022 Last Revised: 31 Mar 2022
Lei Gao, Jianlei Han, Jeong-Bon Kim and Zheyao Pan
George Mason University, Macquarie University - Faculty of Business and Economics, City University of Hong Kong and Macquarie University
Downloads 62 (464,684)

Abstract:

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Supply Chain; Common Institutional Ownership; Earnings Management; Institutional Investors.

8.

Rating shopping: evidence from the Chinese corporate debt security market

Chang, Z., Hu, X., Pan, Z. and Shi, J., 2020. Rating shopping: evidence from the Chinese corporate debt security market. Accounting & Finance.
Number of pages: 28 Posted: 27 Jul 2018 Last Revised: 17 Dec 2020
Zhang Chang, Xiaolu Hu, Zheyao Pan and Jing Shi
Jiangxi University of Finance and Economics - School of Finance, RMIT University - School of Economics, Finance and Marketing, Macquarie University and Macquarie University
Downloads 37 (574,717)

Abstract:

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Business relationship; Credit rating agencies; Rating shopping

9.

Political Uncertainty and Cost Stickiness: Evidence from Prefecture-city Official Turnover in China

China Accounting and Finance Review
Number of pages: 50 Posted: 03 Nov 2021
Zheyao Pan, Zhang Guangli and Huixuan Zhang
Macquarie University, Central University of Finance and Economics (CUFE) - Business School and Macquarie University
Downloads 32 (602,425)

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Cost stickiness, local official turnover, political uncertainty, ownership structure, institutional environment.

10.

Divergence of Opinion and Long-Run Performance of Private Placements: Evidence from the Auction Market

9th Conference on Financial Markets and Corporate Governance (FMCG) 2018
Number of pages: 43 Posted: 20 Aug 2017 Last Revised: 18 Aug 2018
Jianlei Han, Zheyao Pan and Zhang Guangli
Macquarie University - Faculty of Business and Economics, Macquarie University and Central University of Finance and Economics (CUFE) - Business School
Downloads 30 (614,517)
Citation 1

Abstract:

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Private placement; Divergence of opinion; Long-run stock returns; Short-sale constraint; Auction

11.

Correlation and the Omitted Variable: A Tale of Two Prices

Financial Management Accepted
Number of pages: 50 Posted: 15 Jan 2019 Last Revised: 25 Aug 2020
Xing Han and Zheyao Pan
University of Auckland Business School and Macquarie University
Downloads 29 (620,740)

Abstract:

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Correlation, Beta Anomaly, Omitted Variable Bias

12.

Business Shocks and Corporate Leverage

Journal of Banking and Finance, Forthcoming.
Number of pages: 54 Posted: 30 Jan 2017 Last Revised: 30 Jul 2021
University of Queensland - Business School, Department of Applied Finance and Actuarial Studies, Macquarie University, Macquarie University and University of Queensland
Downloads 23 (661,422)

Abstract:

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Capital Structure, Business Shocks

13.

State Ownership and the Risk-Reducing Effect of Corporate Derivative Use: Evidence from China

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 65 Posted: 19 Feb 2021
Huimin Guo, Zheyao Pan and Gary Gang Tian
Macquarie University, Macquarie University and Macquarie University - Department of Applied Finance and Actuarial Studies
Downloads 17 (706,465)

Abstract:

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14.

The Role of Blockholders in the Corporate Debt Maturity Structure

Number of pages: 14 Posted: 20 Aug 2011 Last Revised: 08 Aug 2019
Zheyao Pan and Kelvin Jui Keng Tan
Macquarie University and University of Queensland - Business School
Downloads 12 (747,908)
Citation 3

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Corporate Debt Maturity, Blockholders, Agency Costs

15.

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, Jing He, Zheyao Pan and Jing Shi
Macquarie University - Faculty of Business and Economics, Macquarie UniversityMacquarie University - Department of Applied Finance and Actuarial Studies, Macquarie University and Macquarie University
Downloads 2 (842,137)
Citation 18

Abstract:

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Accounting, Chinese capital market, Finance, Research, Review

16.

Conditional Equity Risk Premia and Realized Variance Jump Risk

Australian Journal of Management, Vol. 40, No. 2, 2015
Posted: 06 Jun 2015 Last Revised: 30 Jul 2015
Zhanglong Wang, Kent Wang and Zheyao Pan
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Xiamen University and Macquarie University

Abstract:

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Conditional equity premia, HAR-J model, realized variance jump, stock return prediction