Dongxu Li

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

B-114, Economics Building

Xiamen, Fujian 361005

China

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

SCHOLARLY PAPERS

24

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2,973

TOTAL CITATIONS

6

Ideas:
“  I'm currently working on empirical corporate finance, with particular interest in mergers and acquisitions, ESG, and issues about Chinese enterprises.  ”

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

Scholarly Papers (24)

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1.

Less is more: Institutional investors and Corporate Venture Capital

PBCSF-NIFR Research Paper
Number of pages: 53 Posted: 12 Sep 2018 Last Revised: 16 Mar 2025
Dongxu Li, Yifei Mao, Xuan Tian and Kailei Ye
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Cornell University - SC Johnson College of Business - Finance Department, Tsinghua University - PBC School of Finance and University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 745 (73,777)
Citation 2

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Corporate venture capital, institutional investors, agency problem, firm value

2.

The Spillover Effect of Stricter Environmental Regulations: Evidence from Chinese Multinationals

Number of pages: 63 Posted: 18 Nov 2021 Last Revised: 06 Feb 2024
Xiaoxue Hu, Dongxu Li and Rose C. Liao
Xiamen University - Department of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 380 (168,177)

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Multinationals; ESG; China; International governance

3.

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 345 (187,171)
Citation 1

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

4.

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 234 (280,076)
Citation 3

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

5.

Salience and Persistent Reference Dependence: The Lasting Effect of Disaster Experience on the Mental Account of Risk

Number of pages: 62 Posted: 27 Oct 2023
Yang Cai, Shuo Chen and Dongxu Li
Renmin University of China, Fudan University - Department of Economics and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 122 (494,451)

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Reference dependence; Mental account; Risk preference; Household finance

6.

Is Cash Still King after Going Digital? Mandatory Disclosure Dissemination and Responsive Corporate Savings

Number of pages: 53 Posted: 05 May 2022 Last Revised: 17 Mar 2025
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 118 (507,074)

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Price Efficiency, Precautionary Saving, Cash Holdings, Managerial Learning

7.

Modern Financial Development during Natural Disasters: Evidence from Early 20th Century China

Number of pages: 65 Posted: 03 Aug 2022 Last Revised: 06 Feb 2024
Yang Cai and Dongxu Li
Renmin University of China and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 115 (517,093)

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Drought; Financial demand; Creditor rights protection; Bank development

8.

Race to Rebalance: Global Supply Chains and Labor Market Regulation

Nanyang Business School Research Paper No. 24-28
Number of pages: 71 Posted: 21 Nov 2024 Last Revised: 20 Feb 2025
Xiaoxue Hu, Dongxu Li, Rose C. Liao, Angie Low and Carrie H. Pan
Xiamen University - Department of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics, Nanyang Business School, Nanyang Technological University and Santa Clara University - Department of Finance
Downloads 113 (523,993)

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Import, Global Supply Chains, Labor Policy, Employee preference, Corporate social responsibility JEL Codes: F16, G34, F23, J08

9.

The Last Straw that Breaks the Marriage: Stock Market Declines and Divorce Litigation Approvals

Number of pages: 66 Posted: 07 Nov 2023 Last Revised: 06 Feb 2024
Xiqian Cai, Zhengquan Cheng and Dongxu Li
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Xiamen University - Paula and Gregory Chow Institute for Studies in Economics and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 104 (557,304)

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Stock market; Divorce litigation; Mental stress; Loss aversion

10.

Do Employees at Work Keep an Eye on the Stock Market? Evidence from a Manufacturer in China

Number of pages: 63 Posted: 02 May 2023 Last Revised: 16 May 2024
Xiqian Cai and Dongxu Li
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 91 (608,860)

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Overnight returns; Worker productivity; Attention; Belief formation

11.

Salience and Persistent Reference Dependence: The Lasting Effect of Man-Made Disasters on Risk Perceptions

Number of pages: 56 Posted: 29 Feb 2024
Yang Cai, Shuo Chen and Dongxu Li
Renmin University of China, Fudan University - Department of Economics and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 76 (677,390)

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Reference dependence, Salience, Risk perception, Household finance

12.

Curbing Stock Price Crash: The Bright Side of Regulatory Fragmentation

Number of pages: 47 Posted: 11 Feb 2025
Ming Gu, Dongxu Li and Zhitao Xiong
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 63 (749,584)

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Regulatory fragmentation, Stock price crash risk, Information disclosure, Financial conservatism, Mispricing

13.

The Propagation of ESG Practices Through Multinational Corporations

Number of pages: 54 Posted: 24 Sep 2024
Xiaoxue Hu, Dongxu Li and Rose C. Liao
Xiamen University, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 61 (762,031)

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Green Innovation, Subsidiary Networks, Multinationals, ESG Regulation, Spillover

14.

Overnight Returns, Limited Attention, and Labor Productivity

Downloads 58 (781,650)

Overnight Returns, Limited Attention, and Labor Productivity

Number of pages: 61 Posted: 17 Jul 2024
Xiqian Cai and Dongxu Li
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 31 (1,044,747)

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Overnight returns, Labor productivity, Attention, Belief formation

Overnight Returns, Limited Attention, and Labor Productivity

Number of pages: 64 Posted: 30 Apr 2024
Xiqian Cai and Dongxu Li
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 27 (1,092,900)

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Overnight returns, Worker productivity, Attention, Belief formation

15.

Balancing Against Geopolitical Risk:Household Investment Portfolios During the U.S.-China Trade War

Number of pages: 19 Posted: 20 Dec 2023
Xiqian Cai, Zhengquan Cheng and Dongxu Li
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Xiamen University and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 57 (788,423)

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Geopolitical risk, Household finance, Risk aversion, Trade war

16.

Salience and Persistent Reference Dependence: The Lasting Effect of Man-Made Disasters on Human Risk Perceptions

Number of pages: 57 Posted: 22 May 2024
Yang Cai, Shuo Chen and Dongxu Li
Renmin University of China, Fudan University - Department of Economics and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 54 (809,588)

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Reference dependence, Salience, Risk perception, Household finance

17.

Financial Development and Population Growth: Evidence from Bank Concentration in China

Number of pages: 47 Posted: 12 Jan 2024
Yihui Chen, Dongxu Li and Ting Li
Hunan University, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Renmin University of China
Downloads 48 (855,671)

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Bank concentration, Population growth, household finance, China

18.

Local Bias Under Natural Disasters

Number of pages: 11 Posted: 11 Mar 2024
Haiqiang Chen, Yining Chen and Dongxu Li
Xiamen University, Xiamen University and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 47 (863,923)

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Natural disaster, Retail investor, Local bias, Information advantage

19.

Foreign Markets vs. Domestic Markets:The Investment Allocations of Chinese Multinational Enterprises (Mnes)

Number of pages: 50 Posted: 20 Dec 2023
Xiaoxue Hu and Dongxu Li
Xiamen University - Department of Finance and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 41 (916,219)

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Multinational enterprise (MNE), Internal capital market, Real options, China

20.

The Propagation of ESG Practices Through Multinational Corporations

Number of pages: 54 Posted: 14 Jan 2025
Xiaoxue Hu, Dongxu Li and Rose C. Liao
Xiamen University - Department of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 37 (954,626)

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Green Innovation, Subsidiary Networks, Multinationals, ESG Regulation, Spillover

21.

Gender Minority: A Non-Pecuniary Approach to Political Capital

Number of pages: 52 Posted: 03 Sep 2024
Qingfeng Cai, Dongxu Li and Hao Liu
Xiamen University, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Xiamen University
Downloads 23 (1,111,211)

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Gender minority, Political capital, Gender, Board of directors

22.

Foreign Business Exposure, Policy Uncertainty, and Investment Allocation of Chinese Multinational Corporations

Number of pages: 71 Posted: 09 Jul 2024
Xiaoxue Hu and Dongxu Li
Xiamen University and Xiamen University - Wang Yanan Institute for Studies in Economics (WISE)
Downloads 19 (1,161,040)

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Multinational firms (MNC), Investment allocation, Risk avoidance, China

23.

The Propagation of ESG Practices Through Multinational Corporations

Number of pages: 55 Posted: 18 Mar 2025
Xiaoxue Hu, Dongxu Li and Rose C. Liao
Xiamen University, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 12 (1,244,650)

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green innovation, Subsidiary Networks, Multinationals, ESG Regulation, Spillover

24.

Compromised Employee Attention: Overnight Returns and Labor Productivity

Number of pages: 73 Posted: 23 Dec 2024
Dongxu Li, Xinqi Li and Ruiyang Zou
Xiamen University - Wang Yanan Institute for Studies in Economics (WISE), Xiamen University and Xiamen University
Downloads 10 (1,265,312)

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Overnight returns, Labor productivity, Attention, Belief formation