Xiaoran Ni

Xiamen University - School of Economics

Professor, Deputy Dean, Department of Finance

D204

Economic Building

Xiamen, Fujian 361005

China

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

Professor

Xiamen

China

SCHOLARLY PAPERS

41

DOWNLOADS
Rank 9,066

SSRN RANKINGS

Top 9,066

in Total Papers Downloads

9,698

SSRN CITATIONS
Rank 15,550

SSRN RANKINGS

Top 15,550

in Total Papers Citations

94

CROSSREF CITATIONS

3

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

Scholarly Papers (41)

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 - School of Economics and Chinese University of Hong Kong (Shenzhen)
Downloads 882 (52,269)
Citation 11

Abstract:

Loading...

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
Wuhan University - School of Economics and Management, Xiamen University - School of Economics, Cornell University - Samuel Curtis Johnson Graduate School of Management and Miami University of Ohio
Downloads 593 (87,767)
Citation 1

Abstract:

Loading...

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 - School of Economics and Miami University of Ohio
Downloads 492 (110,624)
Citation 8

Abstract:

Loading...

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 - School of Economics and Miami University of Ohio
Downloads 443 (125,290)
Citation 1

Abstract:

Loading...

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

5.

Inalienable Human Capital and Debt Choice

Number of pages: 54 Posted: 25 Aug 2021 Last Revised: 09 Jan 2024
Sabri Boubaker, Xiaoran Ni and David Yin
EM Normandie, Xiamen University - School of Economics and Miami University of Ohio
Downloads 411 (136,629)

Abstract:

Loading...

Debt choice; Human capital; Labor mobility; Debt contracting; Private debt

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 - School of Economics
Downloads 390 (145,070)
Citation 1

Abstract:

Loading...

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, Sun Yat-sen University (SYSU) - School of Business, Xiamen University - School of Economics, Peking University and China Industrial Bank (CIB) Research
Downloads 385 (147,183)
Citation 1

Abstract:

Loading...

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

8.

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 - School of Economics and Miami University of Ohio
Downloads 364 (156,659)
Citation 24

Abstract:

Loading...

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

9.

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

Number of pages: 45 Posted: 16 May 2022 Last Revised: 23 Feb 2024
Dongxu Li and Xiaoran Ni
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Xiamen University - School of Economics
Downloads 288 (201,008)

Abstract:

Loading...

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

10.

Stock Market Liberalization and Corporate Investment Revisited: Evidence from China

Journal of Banking and Finance, Forthcoming
Number of pages: 66 Posted: 09 Jan 2020 Last Revised: 07 Dec 2023
Zhongnan University of Economics and Law - School of Finance, University of TorontoTsinghua University - School of Economics and Management, Xiamen University - School of Economics and Tsinghua University - School of Economics & Management
Downloads 281 (206,134)
Citation 5

Abstract:

Loading...

Stock Market Liberalization; Stock Connect; Corporate Investment; Corporate Governance

11.

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 - School of Economics
Downloads 267 (217,117)

Abstract:

Loading...

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

12.

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 - School of Economics, Stevens Institute of Technology and Miami University of Ohio
Downloads 266 (217,898)
Citation 10

Abstract:

Loading...

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

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 - School of Economics and Miami University of Ohio
Downloads 261 (222,056)

Abstract:

Loading...

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

14.

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 - School of Economics
Downloads 240 (241,271)

Abstract:

Loading...

tunneling, cash holding, investor protection, corporate governance

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 - School of Economics
Downloads 231 (250,255)

Abstract:

Loading...

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

16.

Drawing Attention to Attention? Celebrity Endorsements and Stock Mispricing

Number of pages: 65 Posted: 02 May 2022 Last Revised: 22 Dec 2023
Yong Huang, Xiaoran Ni and Xuanying Yu
School of Accounting, Zhongnan University of Economics and Law, Xiamen University - School of Economics and Zhongnan University of Economics and Law - School of Accounting
Downloads 214 (269,080)

Abstract:

Loading...

Celebrity Endorsements; Investor Attention; Stock Mispricing; Market Efficiency

17.

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 - School of Economics and Macquarie University - Department of Applied Finance and Actuarial Studies
Downloads 213 (270,231)
Citation 4

Abstract:

Loading...

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

18.

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 - School of Economics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 209 (274,973)

Abstract:

Loading...

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

19.

Inalienable Human Capital and Inevitable Corporate Payouts

Number of pages: 56 Posted: 26 Sep 2021 Last Revised: 14 May 2024
Kose John, Xiaoran Ni and Chi Zhang
New York University (NYU) - Leonard N. Stern School of Business, Xiamen University - School of Economics and University of Massachusetts Lowell
Downloads 208 (276,182)

Abstract:

Loading...

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

20.

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 - School of Economics and Chinese University of Hong Kong (Shenzhen)
Downloads 208 (276,182)

Abstract:

Loading...

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

21.

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 - School of Economics, The School of Management, Xi'an Jiaotong University and The Chinese University of Hong Kong, Shenzhen
Downloads 206 (278,682)
Citation 1

Abstract:

Loading...

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

22.

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 - School of Economics, University of Dayton - School of Business Administration, Miami University of Ohio and University of Dayton - School of Business Administration
Downloads 205 (279,921)
Citation 17

Abstract:

Loading...

Shareholder distraction, Crash risk, Corporate governance, Monitoring

23.

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 - School of Economics
Downloads 200 (286,275)

Abstract:

Loading...

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

24.

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 - School of Economics
Downloads 196 (291,493)
Citation 4

Abstract:

Loading...

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

25.

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 - School of Economics
Downloads 195 (292,857)
Citation 3

Abstract:

Loading...

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

26.

Litigating Crashes? Insights from Security Class Actions

Number of pages: 45 Posted: 04 May 2020 Last Revised: 25 Aug 2021
Xiaoran Ni
Xiamen University - School of Economics
Downloads 192 (297,004)

Abstract:

Loading...

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

27.

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 - School of Economics
Downloads 191 (298,374)

Abstract:

Loading...

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

28.

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 - School of Economics, Central University of Finance and Economics (CUFE) - School of Finance and Peking University
Downloads 186 (305,611)

Abstract:

Loading...

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

29.

A One-Two Punch: Minimum Wage and the Shift in Bank Credit Allocation

Number of pages: 51 Posted: 11 Apr 2022 Last Revised: 05 May 2024
University of South Carolina, Darla Moore School of Business, Department of Finance, The University of Hong Kong - Faculty of Business and Economics, Xiamen University - School of Economics, Central University of Finance and Economics (CUFE) - School of Finance and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 184 (308,542)
Citation 1

Abstract:

Loading...

Minimum wage; credit allocation; labor intensity; bank loan

30.

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 - School of Economics and Central University of Finance and Economics (CUFE) - School of Finance
Downloads 153 (361,852)

Abstract:

Loading...

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

31.

Litigating Payouts or Not? Evidence from Universal Demand Laws

Number of pages: 49 Posted: 08 Jun 2020 Last Revised: 20 Feb 2024
Huilin Zhang, Sabri Boubaker and Xiaoran Ni
Beijing Normal University (BNU) - School of Economics and Business Administration, EM Normandie and Xiamen University - School of Economics
Downloads 152 (363,811)

Abstract:

Loading...

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

32.

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 - School of Economics and South China Normal University
Downloads 141 (386,517)

Abstract:

Loading...

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

33.

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 - School of Economics, Renmin University of China and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 137 (395,198)
Citation 1

Abstract:

Loading...

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

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 - School of Economics, Stevens Institute of Technology and Miami University of Ohio
Downloads 108 (475,957)

Abstract:

Loading...

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 - School of Economics, Stevens Institute of Technology and Miami University of Ohio
Downloads 24 (960,959)

Abstract:

Loading...

G12, G14, G30, G38, K22

35.

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 - School of Economics and PBC School of Finance
Downloads 131 (409,451)
Citation 1

Abstract:

Loading...

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

36.

Is Cash Still King after Going Digital? Revelatory Price Efficiency and Responsive Corporate Savings

Number of pages: 52 Posted: 05 May 2022 Last Revised: 13 May 2024
Dongxu Li, Xiaoran Ni and David Yin
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Xiamen University - School of Economics and Miami University of Ohio
Downloads 84 (557,986)

Abstract:

Loading...

Price Efficiency; Precautionary Saving; Cash Holdings; Managerial learning

37.

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 - School of Economics
Downloads 80 (574,544)

Abstract:

Loading...

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

38.

Meeting with Creditors in Front of the Black Mirror: Information Security Certification and Corporate Debt Structure

Number of pages: 55 Posted: 12 Apr 2023 Last Revised: 06 Nov 2023
Zhongnan University of Economics and Law, Zhongnan University of Economics and Law, Xiamen University - School of Economics and Western Kentucky University - Department of Accounting and Finance
Downloads 42 (781,787)

Abstract:

Loading...

Debt Structure; Information Security Certification; Cyber Security

39.

Navigating Trade Frictions through Strategic Textual Disclosure? Evidence from MD&As

Number of pages: 51 Posted: 07 Jun 2022 Last Revised: 22 Dec 2023
Weimin Xie, Jialu Guo and Xiaoran Ni
Dongbei University of Finance and Economics - School of Accounting, Dongbei University of Finance and Economics - School of Accounting and Xiamen University - School of Economics
Downloads 34 (843,002)

Abstract:

Loading...

Textual Disclosure; Trade Friction; Trade Policy Uncertainty (TPU); Management’s Discussion and Analysis (MD&A); Tone Management

40.

Is Cash Still King after Going Digital?  Revelatory Price Efficiency and Responsive Corporate Savings

Number of pages: 52 Posted: 01 Jun 2024
David Yin, Xiaoran Ni and Dongxu Li
Miami University of Ohio, Xiamen University - School of Economics and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 9 (1,085,889)

Abstract:

Loading...

Price Efficiency, Precautionary Saving, Cash Holdings, Managerial learning

41.

Does Accelerated Patenting Information Dissemination Affect Managers’ (Un)Ethical Behavior? Evidence from the American Inventor’s Protection Act and Crash Risk

Journal of Business Ethics
Number of pages: 51 Posted: 07 Apr 2021 Last Revised: 04 Jun 2024
Kose John, Xiaoran Ni and Chi Zhang
New York University (NYU) - Leonard N. Stern School of Business, Xiamen University - School of Economics and University of Massachusetts Lowell
Downloads 2 (1,151,414)

Abstract:

Loading...

Information Dissemination; American Inventor’s Protection Act (AIPA); Stock Price Crash Risk; unethical behavior