Xiaoran Ni

Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)

Associate Professor

D 204, Economics Building

Xiamen, Fujian 361005

China

Xiamen University - School of Economics

China

SCHOLARLY PAPERS

36

DOWNLOADS
Rank 10,993

SSRN RANKINGS

Top 10,993

in Total Papers Downloads

6,192

SSRN CITATIONS
Rank 37,867

SSRN RANKINGS

Top 37,867

in Total Papers Citations

19

CROSSREF CITATIONS

1

Ideas:
“  My research interests include corporate governance, government regulation, and Chinese stock market, etc.  ”

Scholarly Papers (36)

1.

A Tale of Riskiness: The Real Effects of Share Pledging on the Chinese Stock Market

Number of pages: 64 Posted: 31 Aug 2018 Last Revised: 08 Apr 2022
Qingbin Meng, Xiaoran Ni and Jinfan Zhang
Renmin University of China - Finance Department, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Chinese University of Hong Kong (Shenzhen)
Downloads 713 (50,558)
Citation 6

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Share pledging; Risk-taking; Monitor; Creditor; Emerging Market

2.

The Unintended Real Effects of Short Selling in an Emerging Market

Asian Finance Association (AsianFA) 2017 Conference, Journal of Corporate Finance, Forthcoming
Number of pages: 74 Posted: 27 Oct 2015 Last Revised: 26 May 2020
Xiaoran Ni and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Miami University of Ohio
Downloads 442 (91,846)

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Short Selling; Short-sale Ban; Risk-Taking; Performance; Controlling Shareholder; Investor Protection

3.

The Information Advantage of Industry Common Blockholders and Its Stabilizing Effect on Stock Price Crash Risk

Number of pages: 46 Posted: 06 Jul 2021 Last Revised: 09 May 2022
Wuhan University - School of Economics and Management, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Cornell University - Samuel Curtis Johnson Graduate School of Management and Miami University of Ohio
Downloads 402 (102,497)

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Institutional Investor; Blockholder; Common Ownership; Stock Price Crash Risk; Contagion

4.

Is Institutional Common Ownership Commonly Priced? Insights from the Cost of Equity Capital

Number of pages: 53 Posted: 20 Jun 2019 Last Revised: 29 Jun 2021
Xiaoran Ni and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Miami University of Ohio
Downloads 323 (130,669)
Citation 1

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Common Ownership; Cost of Equity Capital; Product Market; Firm Risk

5.

Shareholder Litigation Rights and the Cost of Debt: Evidence from Derivative Lawsuits

Journal of Corporate Finance, Forthcoming, Asian Finance Association (AsianFA) 2017 Conference, 29th Australasian Finance and Banking Conference 2016
Number of pages: 47 Posted: 22 Aug 2016 Last Revised: 04 Nov 2017
Xiaoran Ni and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Miami University of Ohio
Downloads 321 (131,485)
Citation 13

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Shareholder Litigation Right, Universal Demand Law, Cost of Debt, Corporate Governance

6.

Key Talent Outflow and Stock Price Crash Risk: Evidence from the Rejection of the Inevitable Disclosure Doctrine

Number of pages: 48 Posted: 11 Dec 2019 Last Revised: 10 Apr 2021
Xin Liu and Xiaoran Ni
School of Finance, Renmin University of China and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 254 (167,226)

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key talent outflow, crash risk, inevitable disclosure doctrine, labor mobility, stakeholder

7.

Economic Policy Uncertainty, State Ownership, and Credit Allocation

Number of pages: 52 Posted: 25 May 2018 Last Revised: 15 Jan 2020
Peking University, Xiamen University - School of Economics, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Peking University and China Industrial Bank (CIB) Research
Downloads 244 (173,764)
Citation 1

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Economic policy uncertainty; State ownership; Credit allocation; Corporate leverage

8.

Does Modern Information Technology Attenuate Managerial Information Hoarding? Evidence from EDGAR Implementation

Journal of Corporate Finance, Forthcoming
Number of pages: 44 Posted: 22 Feb 2021 Last Revised: 27 Sep 2021
Xiaoran Ni, Ye (Emma) Wang and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Stevens Institute of Technology and Miami University of Ohio
Downloads 222 (190,054)

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Modern Information Technology, EDGAR, Information Hoarding, Stock Price Crash Risk, Stock Liquidity

9.

How Can Local Policy Uncertainty Encourage Firm Innovation: A Competitive Advantage Channel

Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 43 Posted: 26 Jan 2018 Last Revised: 15 Feb 2020
Xiaoran Ni
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 212 (198,528)

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Local Policy Uncertainty; Firm Innovation; Competitive Advantage; Government Connection; State-owned Enterprises

10.

Controlling Shareholder Entrenchment, Investor Protection, and Firm Cash Holding: Chinese Experience

Asian Finance Association (AsianFA) 2015 Conference Paper
Number of pages: 39 Posted: 16 Feb 2015
Xiaoran Ni
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 212 (198,528)

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tunneling, cash holding, investor protection, corporate governance

11.

Inalienable Human Capital and Debt Choice: Evidence from Quasi-Exogenous Shocks

Number of pages: 51 Posted: 25 Aug 2021 Last Revised: 19 Nov 2021
Sabri Boubaker, Xiaoran Ni and David Yin
EM Normandie, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Miami University of Ohio
Downloads 173 (237,691)

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Debt choice; human capital; labor mobility; debt contracting

12.

Creditor Protection, Ease of Repossession, and the Cost of Equity Capital: Evidence from Quasi-natural Experiments

Number of pages: 53 Posted: 15 Oct 2020 Last Revised: 29 Nov 2021
Xiaoran Ni and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Miami University of Ohio
Downloads 165 (247,360)

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Cost of Equity Capital, Creditor Protection, Anti-recharacterization Law, Repossession, Corporate Governance

13.

A Tale of Two 'Skewness': Managerial Epidemic Experience, Probability Weighting, and Stock Price Crash Risk

Number of pages: 51 Posted: 09 Sep 2020 Last Revised: 01 Sep 2021
Leilei Gu, Xiaoran Ni and Yuchao Peng
Central University of Finance and Economics (CUFE) - Business School, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 155 (260,512)

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Severe Acute Respiratory Syndrome (SARS); Epidemic Experience; Probability Weighting; Skewness Preference; Stock Price Crash Risk

14.

Employment Protection and Tax Aggressiveness: Evidence from Wrongful Discharge Laws

Journal of Banking and Finance, Forthcoming
Number of pages: 61 Posted: 19 Feb 2019 Last Revised: 30 Jul 2020
Washington State University, University of Arizona, Eller College of Management, Department of Finance and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 154 (261,872)
Citation 1

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tax aggressiveness; employment protection; Wrongful Discharge Laws; firing costs; distress risk

15.

Foreign Bank Entry Deregulation and Stock Market Stability: Evidence from Staggered Regulatory Changes

Number of pages: 61 Posted: 06 Sep 2019 Last Revised: 15 Mar 2022
Tse-Chun Lin, Jinyu Liu and Xiaoran Ni
The University of Hong Kong - Faculty of Business and Economics, University of International Business and Economics (UIBE) - School of Banking and Finance and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 149 (269,006)

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Foreign Bank Entry Deregulation; Stock Price Crash; Regulatory Change; Corporate Governance; Monitoring Spillover Effect; Stock Market Stability

16.

Litigating Crashes? Insights from Security Class Actions

Number of pages: 45 Posted: 04 May 2020 Last Revised: 25 Aug 2021
Xiaoran Ni
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 146 (273,477)

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Stock Price Crash Risk; Security Class Action; Shareholder Litigation; Lawsuit; Corporate Governance

Local Official Turnover, Ownership, and Firm Cash Holdings: Insights from an Emerging Market

European Financial Management, Forthcoming
Number of pages: 48 Posted: 14 Jun 2016 Last Revised: 06 Aug 2018
Xiaoran Ni
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 145 (275,865)

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Local official turnover; Cash holdings; Ownership structure; Emerging market

Local Official Turnover, Ownership, and Firm Cash Holdings: Insights from an Emerging Market

European Financial Management, Vol. 25, Issue 4, pp. 1013-1046, 2019
Number of pages: 34 Posted: 19 May 2020
Xiaoran Ni
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 1 (915,283)

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cash holdings, emerging market, local official turnover, ownership structure

18.

Accelerated Dissemination of Patenting Information Increases Crash Risk: Evidence from the American Inventor’s Protection Act

Number of pages: 52 Posted: 07 Apr 2021 Last Revised: 17 Jun 2022
Kose John, Xiaoran Ni and Chi Zhang
New York University (NYU) - Department of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and University of Massachusetts Lowell
Downloads 144 (276,489)

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Patenting, Information Dissemination, American Inventor’s Protection Act (AIPA), Withholding Bad News, Stock Price Crash Risk

19.

Stock Market Liberalization and Corporate Investment Revisited

Number of pages: 38 Posted: 09 Jan 2020 Last Revised: 28 Apr 2020
Zhisheng Li, Xiaoran Ni and Jiaren Pang
Zhongnan University of Economics and Law - School of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Tsinghua University - School of Economics & Management
Downloads 143 (277,965)
Citation 1

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Stock Market Liberalization; Corporate Investment; Shanghai-Hong Kong Stock Connect Program; Corporate Governance

20.

Ordeal by Innocence in the Big-data Era: Intended Data Breach Disclosure, Unintended Real Activities Manipulation

Number of pages: 48 Posted: 17 Dec 2020 Last Revised: 31 Aug 2021
Jinyu Liu and Xiaoran Ni
University of International Business and Economics (UIBE) - School of Banking and Finance and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 140 (282,500)

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Data Breach; Mandatory Disclosure; Real Activities Manipulation; Earnings Management

21.

Attention! Distracted Institutional Investors and Stock Price Crash

Journal of Corporate Finance, Forthcoming
Number of pages: 50 Posted: 15 Nov 2019 Last Revised: 04 Aug 2020
Xiaoran Ni, Qiyuan Peng, David Yin and Ting Zhang
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), University of Dayton - School of Business Administration, Miami University of Ohio and University of Dayton - School of Business Administration
Downloads 130 (299,022)
Citation 1

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Shareholder distraction, Crash risk, Corporate governance, Monitoring

22.

Short Selling and Corporate Tax Avoidance: Insights from a Financial Constraint View

Number of pages: 50 Posted: 24 Jan 2018 Last Revised: 30 Dec 2019
Jinbo Luo, Xiaoran Ni and Gary Gang Tian
Jiangxi University of Finance and Economics, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Macquarie University - Department of Applied Finance and Actuarial Studies
Downloads 122 (313,382)

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Short Selling; Short-Sale Deregulation; Tax Avoidance; Financial Constraint; Emerging Market

23.

Too Much to Learn: The Unintended Consequences of RegTech Development on Mergers and Acquisitions

Number of pages: 48 Posted: 16 Mar 2021 Last Revised: 13 Jan 2022
Ming Gu, Dongxu Li and Xiaoran Ni
Xiamen University - School of Economics, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 118 (320,924)

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Regulation Technology (RegTech); EDGAR; Mergers and Acquisitions (M&As); Firm Acquisitiveness; Price Efficiency

24.

Available-for-sale is Available for Hoarding: When Non-financial Firms Hold Financial Assets

Number of pages: 50 Posted: 29 Sep 2020 Last Revised: 03 Jun 2021
Xiaoran Ni, Yuchao Peng and Ji Shen
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Central University of Finance and Economics (CUFE) - School of Finance and Peking University
Downloads 113 (330,750)

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Financial Asset; Available-for-sale; Bad-News Hoarding; Stock Price Crash Risk; Earnings Manipulation; Fair Value Accounting

25.

The ‘Ex-Dividend Day’ Anomaly Under a Behavioral Dividend Clientele View: Evidence From China

Number of pages: 39 Posted: 21 Jul 2020 Last Revised: 22 Jul 2020
Huancheng Du, Xiaoran Ni and Jinfan Zhang
Central University of Finance and Economics, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Chinese University of Hong Kong (Shenzhen)
Downloads 109 (339,069)

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Ex-dividend day, cash dividend, dividend price, behavioral dividend clientele

26.

The Bright Side of Labor Protection in Emerging Markets: The Case of Firm Transparency

Pacific Basin Finance Journal, Forthcoming, 2016 Financial Markets and Corporate Governance
Number of pages: 45 Posted: 21 Jan 2016 Last Revised: 06 Jul 2017
Xiaoran Ni and Weikang Zhu
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and PBC School of Finance
Downloads 108 (341,239)
Citation 1

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Firm Transparency; Labor Contract Law; Labor Protection; Quasi-Natural Experiment; Stock Price Informativeness

27.

Litigating Payouts or Not? Evidence from Universal Demand Laws

Number of pages: 49 Posted: 08 Jun 2020 Last Revised: 18 Jan 2022
Huilin Zhang, Sabri Boubaker and Xiaoran Ni
Beijing Normal University (BNU) - School of Economics and Business Administration, EM Normandie and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 107 (343,377)

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Payouts; Derivative Lawsuit; Universal Demand Law; Shareholder Litigation; Corporate Governance

28.

The Long Shadow beyond Lockdown: Board Chairs’ Professional Epidemic Experience and Corporate Investment

Number of pages: 56 Posted: 30 Aug 2020 Last Revised: 01 Sep 2021
Leilei Gu, Jianjun Li, Xiaoran Ni and Yuchao Peng
Central University of Finance and Economics (CUFE) - Business School, Central University of Finance and Economics (CUFE), Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 89 (386,260)

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professional epidemic experience, Severe Acute Respiratory Syndrome (SARS), coronavirus disease (COVID-19), corporate investment, probability weighting

29.

Like a Moth to a Flame: Do Stock Market Bubbles Exacerbate Credit Risks of Peer-to-Peer Lending?

Number of pages: 45 Posted: 15 Sep 2021 Last Revised: 08 Dec 2021
Xin Liu, Xiaoran Ni, Zhigang Qiu and Kailun Zhang
School of Finance, Renmin University of China, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), School of Finance, Renmin University of China and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 82 (405,777)

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Peer-to-peer lending; Credit risk; Retail investor; FinTech; Contagion

30.

Are Short Selling Threats Beneficial to Stakeholders? Insights from Corporate Default Risk

Number of pages: 52 Posted: 03 Sep 2021 Last Revised: 10 Nov 2021
Xiaoran Ni and Hongmei Xu
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and South China Normal University
Downloads 74 (430,104)

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Short Selling; Short-sale Deregulation; Corporate Default Risk; Stakeholder

31.

The Market for Corporate Control and Stock Price Crash Risk, Revisited

Number of pages: 44 Posted: 27 Sep 2021 Last Revised: 29 Sep 2021
Xiaoran Ni, Ye (Emma) Wang and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Stevens Institute of Technology and Miami University of Ohio
Downloads 63 (467,690)

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The Market for Corporate Control; Crash Risk; Bad News Hoarding; Corporate Governance

32.

Credit Reallocation Effects of the Minimum Wage

Number of pages: 44 Posted: 11 Apr 2022
Tse-Chun Lin, Xiaoran Ni and Yuchao Peng
The University of Hong Kong - Faculty of Business and Economics, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 61 (475,185)

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Minimum wage; credit allocation; labor intensity; bank loan

33.

A Farewell to Loyalty, a Farewell to Care? Evidence from Mergers and Acquisitions

Number of pages: 45 Posted: 16 May 2022
Dongxu Li and Xiaoran Ni
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 55 (498,549)

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Corporate Opportunity Waiver (COW); Mergers and Acquisitions (M&As); Fiduciary Duty; Firm Acquisitiveness

34.

Inalienable Human Capital and Inevitable Corporate Payouts

Number of pages: 50 Posted: 26 Sep 2021 Last Revised: 02 May 2022
Kose John, Xiaoran Ni and Chi Zhang
New York University (NYU) - Department of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and University of Massachusetts Lowell
Downloads 51 (515,319)

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Corporate Payout; Human Capital; Key Talent; Corporate Governance; Predation

35.

Drawing Attention to Attention: Celebrity Endorsements and Stock Mispricing

Number of pages: 61 Posted: 02 May 2022 Last Revised: 28 May 2022
Yong Huang, Xiaoran Ni and Xuanying Yu
School of Accounting, Zhongnan University of Economics and Law, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Zhongnan University of Economics and Law - School of Accounting
Downloads 50 (519,752)

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Celebrity Endorsements; Investor Attention; Mispricing; Market Efficiency

36.

Climate Vulnerability and Stock Price Crash Risk Worldwide

Posted: 19 Nov 2021 Last Revised: 24 May 2022
Xiaoran Ni, Yi Si and Bohui Zhang
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), The School of Management, Xi'an Jiaotong University and The Chinese University of Hong Kong, Shenzhen

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climate vulnerability; climate change; stock price crash risk; bad news hoarding