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Tianhang Zhou

Central University of Finance and Economics

770 Middle Road

Dresden, ME 04342

United States

  • Central University of Finance and Economics

SCHOLARLY PAPERS

15

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Scholarly Papers (15)

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1.

Economic Policy Uncertainty and Foreign Direct Investment: Evidence from China

Number of pages: 47 Posted: 09 Oct 2023
Tianhang Zhou, Wenbin Chen and Jie Li
Central University of Finance and Economics, affiliation not provided to SSRN and Central University of Finance and Economics (CUFE)
Downloads 268 (283,835)

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Uncertainty, economic policy, Foreign Direct Investment

2.

The Value of Convertible Bonds Amidst Uncertainty

Number of pages: 66 Posted: 06 Nov 2024
Wenyan Wang, Guorong Du, Tianhang Zhou, Lvgang Jiang and Jie Li
Central University of Finance and Economics, University of Chinese Academy of Social Sciences, Central University of Finance and Economics, affiliation not provided to SSRN and Central University of Finance and Economics (CUFE)
Downloads 124 (580,653)

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Economic Policy Uncertainty, Convertible Bonds, Option Value

3.

Deregulation and Bank Stability: Evidence from Loan-to-Deposit Ratio Requirement in China

Number of pages: 80 Posted: 11 Sep 2024
Jie Li, Liping Lu, Jin Wu and Tianhang Zhou
Central University of Finance and Economics (CUFE), Renmin University of China, University of International Business and Economics and Central University of Finance and Economics
Downloads 106 (659,652)

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Loan-to-deposit ratio, Bank stability, Deposit, Shadow banking

4.

Foreign  Reserves as a Monetary Policy Buffer

Number of pages: 59 Posted: 29 May 2025
Sihao Du, Jie Li and Tianhang Zhou
Central University of Finance and Economics, Central University of Finance and Economics (CUFE) and Central University of Finance and Economics
Downloads 95 (715,072)

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International monetary transmission, Trilemma, Foreign exchange reserves

5.

Heterogeneous Responses to International Monetary Shocks: The Role of Inflation

Number of pages: 43 Posted: 21 Mar 2022
Jie Li, Xiangyuan Meng, Liqing Zhang and Tianhang Zhou
Central University of Finance and Economics (CUFE), Central University of Finance and Economics, Central University of Finance and Economics and Central University of Finance and Economics
Downloads 85 (771,553)

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F0, F3, F4

6.

Overinvestment Under Political Pressure

Number of pages: 50 Posted: 03 Feb 2025
Yanghui Liu, Tianhang Zhou, Zhengyu Zuo and Jie Li
affiliation not provided to SSRN, Central University of Finance and Economics, affiliation not provided to SSRN and Central University of Finance and Economics (CUFE)
Downloads 64 (924,743)

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overinvestment, political incentive, RDD

7.

The Zero Lower Bound and Central Bank Digital Currency

Downloads 62 (942,565)

The Zero Lower Bound and Central Bank Digital Currency

Number of pages: 42 Posted: 09 Sep 2025
Chao Deng, Jie Li and Tianhang Zhou
Central European University, Central University of Finance and Economics (CUFE) and Central University of Finance and Economics
Downloads 36 (1,267,060)

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Zero Lower Bound, Central Bank Digital Currency, monetary policy, negative interest rate

The Zero Lower Bound and Central Bank Digital Currency

Number of pages: 42 Posted: 03 Sep 2025
Tianhang Zhou, Chao Deng and Jie Li
Central University of Finance and Economics, Central European University and Central University of Finance and Economics (CUFE)
Downloads 26 (1,415,710)

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Zero Lower Bound, Central Bank Digital Currency, monetary policy, negative interest rate

8.

What the Revitalization Plan Revitalizes? Maybe Zombies

Number of pages: 94 Posted: 17 Jun 2025
Jie Li, Jingjing Zhao and Tianhang Zhou
Central University of Finance and Economics (CUFE), Central University of Finance and Economics and Central University of Finance and Economics
Downloads 57 (989,921)

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industrial policy, zombie firms, TFP, market exit

9.

What The  Revitalization Plan Revitalizes? Zombies

Number of pages: 86 Posted: 27 Sep 2024
Jie Li, Jingjing Zhao and Tianhang Zhou
Central University of Finance and Economics (CUFE), Central University of Finance and Economics and Central University of Finance and Economics
Downloads 57 (989,921)

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industrial policy, zombie firms, TFP, market exit

10.

FDI and Export Quality: In Search of Spillovers Through Horizontal Linkages

Number of pages: 74 Posted: 26 Apr 2025
Honghong Wei, Tianhang Zhou and Jie Li
Shanghai University of Finance and Economics, Central University of Finance and Economics and Central University of Finance and Economics (CUFE)
Downloads 53 (1,052,702)

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Greenfield FDI, Export quality, FDI spillovers

11.

Trade Policy Uncertainty and Total Factor Productivity

Number of pages: 53 Posted: 25 Mar 2024
Xiangyuan Meng, Taotao Duan, Tianhang Zhou and Jie Li
Central University of Finance and Economics, affiliation not provided to SSRN, Central University of Finance and Economics and Central University of Finance and Economics (CUFE)
Downloads 53 (1,031,043)

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Trade policy uncertainty, Market competition, DID, TFP

12.

No Promotion, No Work: How Political (Dis)Incentive Affects Land Sales?

Number of pages: 45 Posted: 09 Mar 2024
Jie Li, Wenying Qu and Tianhang Zhou
Central University of Finance and Economics (CUFE), Central University of Finance and Economics and Central University of Finance and Economics
Downloads 35 (1,249,711)

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land sales, political incentive, RDD

13.

Multiple Large Shareholders and Debt Choice: Evidence from China

Number of pages: 53 Posted: 05 Nov 2025
ZE REN, Tianhang Zhou and Honglong Wang
Tsinghua University, Central University of Finance and Economics and Tsinghua University
Downloads 28 (1,345,526)

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multiple large shareholders, bank debt, political connections, corporate governance

14.

Firms' Struggling R&D Under Political Pressure

Number of pages: 55 Posted: 22 Nov 2025
Honghong Wei, Tianhang Zhou and Jie Li
Shanghai University of Finance and Economics, Central University of Finance and Economics and Central University of Finance and Economics (CUFE)
Downloads 18 (1,470,786)

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Political Promotion Incentives, R&D Intensity, Regression Discontinuity Design, Firm Innovation

15.

Politically Pressured Corporate Investment: It's Over!

Number of pages: 55 Posted: 20 Feb 2026
Yanghui Liu, Tianhang Zhou, Zhengyu Zuo and Jie Li
affiliation not provided to SSRN, Central University of Finance and Economics, affiliation not provided to SSRN and Central University of Finance and Economics (CUFE)
Downloads 6 (1,566,597)

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overinvestment, political incentive, RDD