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

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

  • Xiamen University - School of Economics

SCHOLARLY PAPERS

37

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8,298

SSRN CITATIONS
Rank 20,574

SSRN RANKINGS

Top 20,574

in Total Papers Citations

55

CROSSREF CITATIONS

1

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

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

  • Xiamen University - School of Economics

Scholarly Papers (37)

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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 845 (48,532)
Citation 8

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

2.

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
Qingyuan Li, Xiaoran Ni, P. Eric Yeung and David Yin
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 529 (88,912)
Citation 1

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

3.

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 476 (101,152)
Citation 6

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

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 419 (117,496)
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 349 (144,340)
Citation 23

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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 346 (145,717)

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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
Yiping Huang, Yang Ji, Xiaoran Ni, Yuyan Tan and Xu Wang
Peking University, Business School, Sun Yat-sen University, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Peking University and China Industrial Bank (CIB) Research
Downloads 326 (155,265)
Citation 1

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

8.

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

Number of pages: 52 Posted: 25 Aug 2021 Last Revised: 01 Feb 2023
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 304 (167,146)

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Debt choice; human capital; labor mobility; debt contracting

9.

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 255 (200,013)
Citation 5

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

10.

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 249 (204,780)

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

11.

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 229 (222,100)

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tunneling, cash holding, investor protection, corporate governance

12.

Stock Market Liberalization and Corporate Investment Revisited

Number of pages: 38 Posted: 09 Jan 2020 Last Revised: 02 Aug 2022
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 220 (230,738)
Citation 2

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

13.

Are Enhanced Creditor Rights in Bankruptcy Desirable to Shareholders? Evidence from the Cost of Equity Capital

Number of pages: 50 Posted: 15 Oct 2020 Last Revised: 24 Feb 2023
Xiaoran Ni and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Miami University of Ohio
Downloads 216 (234,685)

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

14.

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 212 (238,768)

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

15.

A Farewell to Loyalty, a Farewell to Care? Evidence from Takeover Targets

Number of pages: 45 Posted: 16 May 2022 Last Revised: 15 Jun 2023
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 203 (248,512)

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Corporate Opportunity Waiver (COW); Mergers and Acquisitions (M&As); Fiduciary Duty; Takeover Target

16.

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 180 (276,681)

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

17.

Too Much to Learn? The (Un)intended Consequences of RegTech Development on Mergers and Acquisitions

Journal of Corporate Finance, Forthcoming
Number of pages: 48 Posted: 16 Mar 2021 Last Revised: 20 May 2023
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 176 (282,259)
Citation 1

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

18.

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 176 (282,259)

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

19.

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
Douglas J. Fairhurst, Alice (Yanguang) Liu and Xiaoran Ni
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 175 (283,614)
Citation 3

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

20.

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 174 (285,113)
Citation 2

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

21.

Attention! Distracted Institutional Investors and Stock Price Crash

Journal of Corporate Finance, Forthcoming
Number of pages: 50 Posted: 15 Nov 2019 Last Revised: 28 Jul 2023
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 172 (287,907)
Citation 7

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Shareholder distraction, Crash risk, Corporate governance, Monitoring

22.

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 171 (289,404)

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

23.

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 170 (290,815)

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

24.

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 168 (293,757)

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

25.

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 157 (310,965)

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

26.

Inalienable Human Capital and Inevitable Corporate Payouts

Number of pages: 52 Posted: 26 Sep 2021 Last Revised: 06 Jun 2023
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 154 (316,108)

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

27.

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 150 (323,134)

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Minimum wage; credit allocation; labor intensity; bank loan

28.

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 149 (324,859)

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Celebrity Endorsements; Investor Attention; Mispricing; Market Efficiency

29.

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 139 (343,272)

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

30.

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 133 (355,183)

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

31.

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

Number of pages: 58 Posted: 15 Sep 2021 Last Revised: 16 Jan 2023
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 122 (378,943)
Citation 1

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

32.

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 122 (378,943)
Citation 1

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

33.

Climate Vulnerability and Stock Price Crash Risk Worldwide

Number of pages: 55 Posted: 19 Nov 2021 Last Revised: 11 Nov 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
Downloads 116 (393,054)

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

34.

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 114 (398,064)

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

35.

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

Downloads 100 (436,994)

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 90 (471,835)

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

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

Number of pages: 60 Posted: 28 Sep 2022
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 10 (983,423)

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G12, G14, G30, G38, K22

36.

Does Stock Market Rescue Affect Investment Efficiency in the Real Sector?

Journal of Financial Markets, Forthcoming
Number of pages: 57 Posted: 31 Oct 2022 Last Revised: 13 Aug 2023
Ling Jin, Zhisheng Li, Lei Lu and Xiaoran Ni
Zhongnan University of Economics and Law - School of Finance, Zhongnan University of Economics and Law - School of Finance, University of Manitoba and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 61 (581,646)

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Stock market rescue, Government intervention, Investment efficiency, National team

37.

Is Cash King in the Crowd When Going Digital? Revelatory Price Efficiency and Responsive Corporate Savings

Number of pages: 93 Posted: 05 May 2022 Last Revised: 15 Jun 2023
Dongxu Li, Xiaoran Ni and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Miami University of Ohio
Downloads 41 (691,371)

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Noise Trading; Market Efficiency; Precautionary Cash Holdings; Real Efficiency