Xinjie Wang

Southern University of Science and Technology

Associate Professor of Finance

1088 Xueyuan Blvd

Xili, Nanshan District

Shenzhen, Guangdong 518055

China

SCHOLARLY PAPERS

30

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4,891

SSRN CITATIONS
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Top 25,731

in Total Papers Citations

28

CROSSREF CITATIONS

8

Scholarly Papers (30)

1.

Geopolitical Risk and Investment

Journal of Money, Credit and Banking, Forthcoming
Number of pages: 59 Posted: 07 Jan 2019 Last Revised: 09 Jan 2023
Xinjie Wang, Yangru Wu and Weike Xu
Southern University of Science and Technology, Rutgers University, Newark - School of Business - Department of Finance & Economics and Clemson University - Department of Finance
Downloads 1,020 (34,488)
Citation 15

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geopolitical risk, uncertainty, corporate investment, irreversibility, convexity

2.

Funding Liquidity Shocks in a Quasi-Experiment: Evidence from the CDS Big Bang

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 45 Posted: 12 Feb 2016 Last Revised: 11 May 2020
Southern University of Science and Technology, Rutgers University, Newark - School of Business - Department of Finance & Economics, DePaul University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 449 (100,298)
Citation 3

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funding liquidity, arbitrage, basis, CDS Big Bang, standardization, central clearing

3.

The Role of Media in Mergers and Acquisitions

Journal of International Financial Markets, Institutions & Money, forthcoming
Number of pages: 41 Posted: 20 Sep 2019 Last Revised: 25 Jan 2021
Rose C. Liao, Xinjie Wang and Ge Wu
Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics, Southern University of Science and Technology and University of Richmond
Downloads 256 (184,724)
Citation 1

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mergers, news, investor sentiment

4.

News Sentiment, Credit Spreads, and Information Asymmetry

North American Journal of Economics and Finance, Forthcoming
Number of pages: 50 Posted: 10 Aug 2018 Last Revised: 29 Feb 2020
Shanxiang Yang, Zhechen Liu and Xinjie Wang
West Virginia University - Department of Finance, Southern University of Science and Technology and Southern University of Science and Technology
Downloads 251 (189,083)

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credit default swap, credit risk, news sentiment

5.

Corporate Social Responsibility and the Term Structure of CDS Spreads

Journal of International Financial Markets, Institutions & Money, 74, 101406
Number of pages: 55 Posted: 18 Apr 2019 Last Revised: 16 Sep 2021
Feng Gao, Yubin Li, Xinjie Wang and Zhaodong Zhong
Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick, Harbin Institute of Technology, Shenzhen, Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 230 (204,933)
Citation 3

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corporate social responsibility (CSR), credit default swap (CDS), term structure

6.

Political Connections and Media Bias: Evidence from China

Number of pages: 58 Posted: 18 Nov 2020 Last Revised: 06 Dec 2022
Denis Schweizer, Xinjie Wang, Ge Wu and Aoran Zhang
Concordia University, Southern University of Science and Technology, University of Richmond and University of Nottingham
Downloads 215 (218,553)
Citation 1

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China, political connections, local media bias, social cost

The Causal Relationship between Social Media Sentiment and Stock Return: Experimental Evidence from an Online Message Forum

Economics Letters, Forthcoming
Number of pages: 23 Posted: 16 Feb 2022 Last Revised: 02 May 2022
Southern University of Science and Technology, affiliation not provided to SSRN, Clemson University - Department of Finance and Renmin University of China - School of Finance
Downloads 155 (291,381)

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The Causal Relationship between Social Media Sentiment and Stock Return: Experimental Evidence from an Online Message Forum

Number of pages: 23 Posted: 09 Apr 2022
Southern University of Science and Technology, Southern University of Science and Technology, Clemson University - Department of Finance and Renmin University of China - School of Finance
Downloads 51 (591,951)

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sentiment, online message board, stock return

8.

The Role of the Media in Hedge Fund Activism

Number of pages: 41 Posted: 21 May 2020 Last Revised: 16 Nov 2021
Xinjie Wang and Ge Wu
Southern University of Science and Technology and University of Richmond
Downloads 179 (257,549)
Citation 1

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sentiment, media, hedge fund activism, governance

9.

Measuring Misleading Information in IPO Prospectuses

Review of Quantitative Finance and Accounting, forthcoming
Number of pages: 42 Posted: 07 Nov 2020 Last Revised: 24 Feb 2021
Wenbo Ma, Xinjie Wang, Yuan Wang and Ge Wu
Southern University of Science and Technology, Southern University of Science and Technology, Concordia University, Quebec and University of Richmond
Downloads 170 (269,264)

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IPO Prospectus, Misleading Information, China

10.

The Effect of Economic and Political Uncertainty on Sovereign CDS Spreads

Number of pages: 37 Posted: 24 Jun 2019 Last Revised: 24 Apr 2020
Business School, Sun Yat-sen University, Southern University of Science and Technology, Capital University of Economics and Business, Clemson University - Department of Finance and Chinese University of Hong Kong (Shenzhen)
Downloads 170 (269,264)
Citation 1

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Sovereign CDS Spread, Political Uncertainty, Economic Uncertainty

11.

The COVID-19 Pandemic and Sovereign Credit Risk

China Finance Review International, Forthcoming
Number of pages: 30 Posted: 22 Jan 2021 Last Revised: 29 Apr 2021
Wei-Fong Pan, Xinjie Wang, Ge Wu and Weike Xu
Business School, Sun Yat-sen University, Southern University of Science and Technology, University of Richmond and Clemson University - Department of Finance
Downloads 162 (280,475)

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12.

Economic Policy Uncertainty, CDS Spreads, and CDS Liquidity Provision

Journal of Futures Markets, Forthcoming
Number of pages: 45 Posted: 26 Sep 2017 Last Revised: 11 Jan 2023
Xinjie Wang, Weike Xu and Zhaodong Zhong
Southern University of Science and Technology, Clemson University - Department of Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 161 (281,923)
Citation 4

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Policy uncertainty, Credit default swap, Liquidity provision, Market depth

13.

Post-Crisis Regulations, Market Making, and Liquidity in Over-the-Counter Markets

Journal of Banking and Finance, Forthcoming
Number of pages: 50 Posted: 19 Jan 2019 Last Revised: 03 Nov 2021
Xinjie Wang and Zhaodong Zhong
Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 145 (307,207)

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Regulation, Basel III, capital requirement, liquidity, order rejection rate, price impact

14.

Measuring Economic Uncertainty in China

Emerging Markets Finance and Trade, forthcoming
Number of pages: 61 Posted: 29 Aug 2019 Last Revised: 06 Jan 2021
Wei-Fong Pan, Xinjie Wang and Shixuan Wang
Business School, Sun Yat-sen University, Southern University of Science and Technology and University of Reading - Department of Economics
Downloads 141 (314,111)

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economic uncertainty, China, newspaper, Granger causality, nonlinear causality

15.

Debt Maturity, Leverage, and Political Uncertainty

North American Journal of Economics and Finance, Forthcoming
Number of pages: 53 Posted: 16 Dec 2018 Last Revised: 26 Apr 2019
Wei-Fong Pan, Xinjie Wang and Shanxiang Yang
Business School, Sun Yat-sen University, Southern University of Science and Technology and West Virginia University - Department of Finance
Downloads 141 (314,111)
Citation 2

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Debt maturity structure, leverage, political uncertainty

16.

Does the FOMC Cycle Affect Credit Risk?

Financial Management, forthcoming
Number of pages: 45 Posted: 05 Feb 2020 Last Revised: 12 May 2021
The University of Hong Kong - Faculty of Business and Economics, Harbin Institute of Technology, Shenzhen, Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 136 (323,127)

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FOMC, credit default swap, cycle, Fed, monetary policy

17.

Under-reaction in the Sovereign CDS Market

Journal of Banking and Finance, Accepted
Number of pages: 43 Posted: 14 May 2019 Last Revised: 24 May 2021
Southern University of Science and Technology, Capital University of Economics and Business, DePaul University and Chinese University of Hong Kong (Shenzhen)
Downloads 113 (370,165)
Citation 1

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Underreaction, Macro information, Sovereign CDS, Predictability, Limits to arbitrage

18.

Monetary Policy Surprises and Corporate Credit Spreads

Number of pages: 65 Posted: 16 Nov 2020 Last Revised: 15 Mar 2021
Difang Huang, Xinjie Wang and Zhaodong Zhong
The University of Hong Kong - Faculty of Business and Economics, Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 95 (416,622)

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monetary policy, credit risk, FOMC, single-name CDS

19.

Informed Trading and Variations in Trading Volume and Liquidity: Evidence from Index CDSs

Number of pages: 60 Posted: 16 Jun 2020 Last Revised: 11 Jan 2023
Pennsylvania State University - University Park - Department of Finance, Southern University of Science and Technology, Clemson University - Department of Finance and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 95 (416,622)
Citation 2

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informed trading, index CDSs, intraday trading pattern, trading costs, COVID-19

20.

Public News and Market Liquidity: Evidence from the CDS Market

Number of pages: 41 Posted: 30 Dec 2019
Business School, Sun Yat-sen University, Southern University of Science and Technology, West Virginia University - Department of Finance, Chinese University of Hong Kong (Shenzhen) and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 89 (434,158)

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credit default swap, liquidity, news coverage, news sentiment, institutional investors

21.

The Co-Movements of Credit Default Swap Spreads in China

Emerging Markets Finance and Trade
Number of pages: 33 Posted: 27 Apr 2022 Last Revised: 16 Nov 2022
Xiaoxuan Wang, Xinjie Wang and Suyang Zhao
Southern University of Science and Technology, Southern University of Science and Technology and Southern University of Science and Technology
Downloads 83 (452,749)

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systemic risk, credit default swap, China, principal component analysis

22.

Dealer Inventory, Pricing, and Liquidity in the OTC Derivatives Markets: Evidence from Index CDSs

Journal of Financial Markets, Forthcoming
Number of pages: 40 Posted: 21 Dec 2018 Last Revised: 10 Dec 2020
Xinjie Wang and Zhaodong Zhong
Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 80 (462,807)

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Inventory, CDS Spread, Liquidity, Index CDS, Dealer, Index Basis, Bid-Ask Spread

23.

Air Pollution and Media Slant: Evidence from Chinese Corporate News

Emerging Markets Finance and Trade, Forthcoming
Number of pages: 33 Posted: 24 May 2021 Last Revised: 29 Nov 2021
Xinjie Wang, Ge Wu, Zhiqiang Xiang and Jianyu Zhang
Southern University of Science and Technology, University of Richmond, affiliation not provided to SSRN and University of Houston
Downloads 70 (498,569)
Citation 1

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air pollution, media slant, China

24.

The Co-Movements of Stock, Bond, and CDS Illiquidity Before, During and After the Global Financial Crisis

Journal of Financial Research, Forthcoming
Number of pages: 56 Posted: 28 Dec 2018 Last Revised: 12 Oct 2020
Xinjie Wang, Yangru Wu and Zhaodong Zhong
Southern University of Science and Technology, Rutgers University, Newark - School of Business - Department of Finance & Economics and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 70 (498,569)

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25.

Do Well-Behaved Firms Attract More Market Makers? Evidence from the CDS Market

Number of pages: 44 Posted: 26 Apr 2021
Yubin Li, Xinjie Wang and Zhaodong Zhong
Harbin Institute of Technology, Shenzhen, Southern University of Science and Technology and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 60 (539,297)

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corporate social responsibility (CSR), credit default swap (CDS), Market Making

26.

Does Venture-Backed Innovation Support Carbon Neutrality?

Number of pages: 20 Posted: 18 Jan 2023 Last Revised: 13 Feb 2023
Shenzhen University - College of Economics, Shenzhen University, Clemson University - Department of Finance, Southern University of Science and Technology and Clemson University - Department of Finance
Downloads 43 (622,975)

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venture capital, carbon neutrality, clean technology

27.

How Does the Creditor Conflict Affect Bond IPO Underpricing?

Journal of Finance and Data Science, Forthcoming
Number of pages: 46 Posted: 17 Mar 2021 Last Revised: 10 Apr 2021
Xinjie Wang, Yuan Wang and Xueying Zhang
Southern University of Science and Technology, Concordia University, Quebec and ShanDong University of Finance and Economics
Downloads 31 (696,054)

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bond, IPO underpricing

28.

Market Liquidity in a Natural Experiment: Evidence from CDS Standard Coupons

Number of pages: 38 Posted: 03 Mar 2023
Xinjie Wang, Ge Wu and Zhaodong Zhong
Southern University of Science and Technology, University of Richmond and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick
Downloads 15 (820,190)

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credit default swap, bid-ask spread, standard coupon, funding cost, search cost

29.

Measuring Systemic Risk in China: A Textual Analysis

Number of pages: 36 Posted: 16 Jan 2023
Weibo Ma, Kai Li, Wei-Fong Pan and Xinjie Wang
Southern University of Science and Technology, affiliation not provided to SSRN, Business School, Sun Yat-sen University and Southern University of Science and Technology
Downloads 15 (820,190)

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Systemic risk, risk topical hierarchy, textual analysis, China

30.

Biases in CDS Spreads after the CDS Big Bang

Journal of Fixed Income, Forthcoming
Posted: 05 Feb 2020 Last Revised: 27 Feb 2020
Xinjie Wang, Hongjun Yan and Zhaodong Zhong
Southern University of Science and Technology, DePaul University and Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick

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ISDA standard CDS model, CDS spread, bias, upfront payment, fixed coupon, term structure