Wenxuan Hou

University of Edinburgh - Business School

Chair in Corporate Finance

University of Edinburgh

29 Buccleuch Place

Edinburgh, Scotland EH8 9JS

United Kingdom

http://www.wenxuanhou.com

University of Edinburgh - Business School

29 Buccleuch Place

EDINBURGH, Scotland EH89JS

United Kingdom

  • University of Edinburgh - Business School

  • University of Edinburgh - Business School

SCHOLARLY PAPERS

81

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17,936

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Top 5,844

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192

CROSSREF CITATIONS

83

Scholarly Papers (81)

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1.

Corporate Governance Challenges in Emerging Economies

Corporate Governance: An International Review, Forthcoming
Number of pages: 23 Posted: 20 Apr 2017
Seth Armitage, Wenxuan Hou, Subrata Sarkar and Till Talaulicar
University of Edinburgh - Accounting and Finance, University of Edinburgh - Business School, Indira Gandhi Institute of Development Research and University of Erfurt
Downloads 1,930 (14,425)
Citation 5

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CEO Turnover; Corruption; Corporate Governance; Crash Risk; Emerging Markets; Institutional Transition; Managerial Compensation; Principal‐Principal Agency Problems

2.

The Trend of the Gini Coefficient of China

Brooks World Poverty Institute Working Paper No. 109
Number of pages: 32 Posted: 12 Oct 2012
Jiandong Chen, Dai Dai, Ming Pu, Wenxuan Hou and Qiaobin Feng
Southwestern University of Finance and Economics, Southwestern University of Finance and Economics, Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, University of Edinburgh - Business School and affiliation not provided to SSRN
Downloads 1,336 (25,371)
Citation 20

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income disparity, gini coefficient, China

3.

A Review of the Chinese Gini Coefficient from 1978 to 2008

Number of pages: 22 Posted: 19 Jan 2009 Last Revised: 14 Mar 2014
Jiandong Chen, Wenxuan Hou and Shenwu Jin
Southwestern University of Finance and Economics, University of Edinburgh - Business School and affiliation not provided to SSRN
Downloads 1,298 (26,422)
Citation 2

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Gini Coefficient, China, Income Disparity, Inequality, Migration

4.

The Trend of the Gini Coefficient of China (1978-2010)

Journal of Chinese Economic and Business Studies, Forthcoming
Number of pages: 50 Posted: 29 Mar 2018 Last Revised: 07 Jan 2020
Jiandong Chen, Ming Pu and Wenxuan Hou
Southwestern University of Finance and Economics, Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management and University of Edinburgh - Business School
Downloads 839 (49,105)

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Chinese Gini Coefficient; Decomposition of Gini Coefficient; Urbanisation; Income Disparity; Rural–Urban Income

5.

CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China

Downloads 721 (60,207)
Citation 16

CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China

Journal of Business Ethics, Forthcoming
Number of pages: 44 Posted: 10 Jul 2011 Last Revised: 24 Nov 2014
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 322 (156,611)
Citation 5

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Corporate fraud, CEO turnover, State ownership, Split Share Structure Reform, China

CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China

Journal of Business Ethics, Forthcoming
Number of pages: 44 Posted: 20 Mar 2012 Last Revised: 15 Jun 2016
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 209 (241,897)

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Corporate fraud; CEO turnover; State ownership; Split Share Structure Reform; China

CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China

Journal of Business Ethics, Forthcoming
Number of pages: 44 Posted: 04 Feb 2014 Last Revised: 11 Nov 2014
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 190 (264,094)
Citation 8

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CEO turnover; corporate fraud; ownership; Split Share Structure Reform; China

6.

Retail Investor Attention and Stock Liquidity

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 46 Posted: 20 Mar 2011 Last Revised: 08 Apr 2015
Rong Ding and Wenxuan Hou
NEOMA Business School and University of Edinburgh - Business School
Downloads 712 (61,227)
Citation 11

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Investors attention, breadth of ownership, liquidity, bid-ask spread, search volume index, media coverage, SVI, Google, Google Trends, Google News

7.

Executive Integrity, Audit Opinion, and Fraud in Chinese Listed Firms

Downloads 593 (77,286)
Citation 3

Executive Integrity, Audit Opinion, and Fraud in Chinese Listed Firms

Emerging Markets Review, Forthcoming
Number of pages: 42 Posted: 14 May 2011 Last Revised: 24 Jun 2013
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 364 (137,099)
Citation 4

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Auditor, earnings management, fraud, integrity, ethics, China

Executive Integrity, Audit Opinion, and Fraud in Chinese Listed Firms

Emerging Markets Review, Forthcoming
Number of pages: 41 Posted: 01 Jan 2013
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 229 (221,859)

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Integrity, auditor, earnings management, fraud, China, MAO

8.

Split Share Structure Reform, Corporate Governance, and the Foreign Share Discount Puzzle in China

European Journal of Finance, Forthcoming
Number of pages: 41 Posted: 23 Jan 2012
Wenxuan Hou and Edward Lee
University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 495 (96,578)
Citation 2

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Split Share Structure Reform, corporate governance, foreign share discount, ownership structure, China

9.

Player and Referee Roles Held Jointly: The Effect of State Ownership on China’s Regulatory Enforcement Against Fraud

Journal of Business Ethics, Vol. 95, 2010
Number of pages: 30 Posted: 29 Sep 2010 Last Revised: 03 Jan 2012
Wenxuan Hou and Geoff Moore
University of Edinburgh - Business School and Durham Business School
Downloads 458 (106,045)
Citation 6

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Fraud, Enforcement, Corporate Governance, Regulatory Commission, Shareholder Protection, China

10.

Ownership Structure and Risk-Taking: Comparative Evidence from Private and State-Controlled Banks in China

International Review of Financial Analysis, Forthcoming, 26th Australasian Finance and Banking Conference 2013
Number of pages: 40 Posted: 24 Jun 2013 Last Revised: 25 Mar 2014
Yizhe Dong, Chao Meng, Michael Firth and Wenxuan Hou
University of Edinburgh Business School, Hongyuan Securities, Lingnan University - Department of Finance and Insurance and University of Edinburgh - Business School
Downloads 422 (116,755)
Citation 5

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Bank risk-taking, State versus private ownership, Ownership concentration, Chief Risk Officer, Chinese banking

11.

Epidemic Disease and Financial Development

Number of pages: 80 Posted: 03 Apr 2018 Last Revised: 06 Jan 2021
Jiafu An, Wenxuan Hou and Chen Lin
Lingnan University, University of Edinburgh - Business School and The University of Hong Kong - Faculty of Business and Economics
Downloads 415 (119,022)
Citation 4

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Disease, External Finance, Financial development, Trust, Technology Adoption

12.

Does the External Monitoring Effect of Financial Analysts Deter Corporate Fraud in China?

Journal of Business Ethics, Forthcoming
Number of pages: 39 Posted: 29 Jun 2011 Last Revised: 16 Mar 2014
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 384 (130,117)
Citation 40

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fraud triangle; corporate fraud; agency problem; analyst coverage; China

13.

The Trend of the Chinese Gini Coefficient

Posted: 29 Mar 2010
Jiandong Chen, Wenxuan Hou, Dai Dai and Qiaobin Feng
Southwestern University of Finance and Economics, University of Edinburgh - Business School, Southwestern University of Finance and Economics and affiliation not provided to SSRN
Downloads 378 (132,504)
Citation 2

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The Chinese Gini coefficient, Decomposition of the Gini coefficient, Urbanization

14.

Evaluating the Performance of Chinese Commercial Banks: A Comparative Analysis of Different Types of Banks

European Journal of Operational Research, Forthcoming
Number of pages: 35 Posted: 02 Aug 2014 Last Revised: 24 Dec 2015
Yizhe Dong, Michael Firth, Wenxuan Hou and Weiwei Yang
University of Edinburgh Business School, Lingnan University - Department of Finance and Insurance, University of Edinburgh - Business School and University of Bedfordshire
Downloads 364 (138,132)
Citation 2

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Efficiency; Stochastic frontier analysis; Economies of scale; Shadow return on equity; Chinese banking

15.

The Impact of Foreign Bank Penetration on the Domestic Banking Sector: New Evidence from China

European Journal of Finance, Forthcoming
Number of pages: 41 Posted: 07 Aug 2013 Last Revised: 01 Jul 2014
Dan Luo, Yizhe Dong, Seth Armitage and Wenxuan Hou
University of Reading - Henley Business School, University of Edinburgh Business School, University of Edinburgh - Accounting and Finance and University of Edinburgh - Business School
Downloads 359 (140,680)
Citation 1

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foreign bank entry, bank performance, Chinese banking

16.

The Burden of Attention: The Impact of CEO Publicity on Tax Avoidance

Number of pages: 42 Posted: 19 Apr 2014
Rong Ding, Tinghua Duan, Wenxuan Hou and John Ziyang Zhang
NEOMA Business School, IESEG School of Management, University of Edinburgh - Business School and University of Liverpool
Downloads 308 (165,229)
Citation 2

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CEO publicity; Google search; tax avoidance; CEO

17.

Regional Institutions, Financial Analysts and Stock Price Informativeness

Downloads 303 (168,096)

Regional Institutions, Financial Analysts and Stock Price Informativeness

Regional Studies, 2017 forthcoming
Number of pages: 25 Posted: 21 Feb 2013 Last Revised: 22 Aug 2017
Rong Ding, Wenxuan Hou, Jing-Ming Kuo and Edward Lee
NEOMA Business School, University of Edinburgh - Business School, University of Birmingham - Birmingham Business School and University of Manchester - Alliance Manchester Business School
Downloads 166 (297,443)
Citation 1

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Analyst; China; Legal Institutions; Stock Informativeness

Regional Institutions, Financial Analysts and Stock Price Informativeness

Regional Studies, 2017 Forthcoming
Number of pages: 25 Posted: 06 Aug 2014 Last Revised: 22 Aug 2017
Rong Ding, Wenxuan Hou, Jing-Ming Kuo and Edward Lee
NEOMA Business School, University of Edinburgh - Business School, University of Birmingham - Birmingham Business School and University of Manchester - Alliance Manchester Business School
Downloads 137 (348,761)
Citation 1

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Analyst; China; Legal Institutions; Stock Informativeness

18.

Do Financial Analysts Perform a Monitoring Role in China? Evidence from Modified Audit Opinions

Abacus, Forthcoming
Number of pages: 50 Posted: 14 Apr 2012 Last Revised: 09 Jun 2015
Jiandong Chen, Rong Ding, Wenxuan Hou and Sofia Johan
Southwestern University of Finance and Economics, NEOMA Business School, University of Edinburgh - Business School and Florida Atlantic University - Finance
Downloads 280 (182,476)
Citation 2

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Modified Audit Opinion (MAO), Analyst Coverage, Analyst Following, State-owned enterprises, China

19.

Executive Compensation and the Split Share Structure Reform in China

The European Journal of Finance, Forthcoming
Number of pages: 40 Posted: 18 May 2012 Last Revised: 30 Apr 2013
Wenxuan Hou, Edward Lee, Konstantinos Stathopoulos and Zhenxu Tong
University of Edinburgh - Business School, University of Manchester - Alliance Manchester Business School, The University of Manchester - Alliance Manchester Business School and University of Exeter
Downloads 254 (201,174)
Citation 8

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Executive compensation, Split Share Structure Reform, State Ownership, China

20.

Returnee CEOs Under Weak Institutions: Blessing or Curse?

Downloads 238 (214,353)

Returnee CEOs Under Weak Institutions: Blessing or Curse?

Number of pages: 69 Posted: 27 Sep 2017 Last Revised: 18 Jan 2018
Tinghua Duan and Wenxuan Hou
IESEG School of Management and University of Edinburgh - Business School
Downloads 158 (310,242)
Citation 3

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returnee, CEO, international experience, legal institutions, firm performance, social capital

Returnee CEOs Under Weak Institutions: Blessing or Curse?

Number of pages: 58 Posted: 25 Jan 2019
Tinghua Duan and Wenxuan Hou
IESEG School of Management and University of Edinburgh - Business School
Downloads 80 (509,086)

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returnee, CEO, international experience, legal institutions, firm performance, social capital

21.

Valuation of Restricted Shares by Conflicting Shareholders in the Split Share Structure Reform

European Journal of Finance, Forthcoming
Number of pages: 42 Posted: 02 Dec 2008 Last Revised: 23 Jan 2012
Douglas J. Cumming and Wenxuan Hou
Florida Atlantic University and University of Edinburgh - Business School
Downloads 225 (226,329)
Citation 4

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restricted share, state ownership, bargaining power, Split Share Structure Reform, China consideration

22.

Business Ethics and Finance in Greater China: A Synthesis and Future Directions in Sustainability, CSR, and Fraud

Journal of Business Ethics, Forthcoming
Number of pages: 53 Posted: 02 Aug 2016
Douglas J. Cumming, Wenxuan Hou and Edward Lee
Florida Atlantic University, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 218 (233,227)
Citation 8

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Business Ethics and Finance, China, Environment, CSR, Governance, Fraud

23.

Exchange Trading Rules, Governance, and Trading Location of Cross-Listed Stocks

Downloads 209 (242,461)
Citation 2

Exchange Trading Rules, Governance, and Trading Location of Cross-Listed Stocks

Number of pages: 50 Posted: 07 May 2013 Last Revised: 02 Jul 2014
Douglas J. Cumming, Wenxuan Hou and Eliza Wu
Florida Atlantic University, University of Edinburgh - Business School and The University of Sydney - Business School
Downloads 142 (338,974)
Citation 1

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trading rules, governance, cross-listing, law and finance

Exchange Trading Rules, Governance, and Trading Location of Cross-Listed Stocks

European Journal of Finance, Forthcoming
Number of pages: 50 Posted: 07 Aug 2015
Douglas J. Cumming, Wenxuan Hou and Eliza Wu
Florida Atlantic University, University of Edinburgh - Business School and The University of Sydney - Business School
Downloads 67 (564,212)
Citation 1

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Exchange Trading rules, Cross-listing, Law and finance

24.

Trading Constraints and Illiquidity Discounts

European Journal of Finance, Volume 18, Issue 1, 2012
Number of pages: 54 Posted: 20 Dec 2008 Last Revised: 22 Jun 2013
Wenxuan Hou and Sydney Howell
University of Edinburgh - Business School and The University of Manchester - Manchester Business School
Downloads 209 (242,461)
Citation 4

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Exogenous Illiquidity, Restricted Share, Trading Constraint, Constraint Horizon, Illiquidity Discount, China

25.

The Burden of Attention: CEO Publicity and Tax Avoidance

Journal of Business Research, Forthcoming
Number of pages: 33 Posted: 19 Jan 2018 Last Revised: 22 Feb 2018
Tinghua Duan, Rong Ding, Wenxuan Hou and John Ziyang Zhang
IESEG School of Management, University of Warwick - Warwick Business School, University of Edinburgh - Business School and University of Liverpool
Downloads 204 (247,859)
Citation 4

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CEO Publicity; CEOs; Tax Rate; Google Trends; Search Volume Index; Tax Avoidance

26.

Athletes in Boardrooms: Evidence from the World

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 48 Posted: 01 Apr 2018 Last Revised: 17 Aug 2018
Yizhe Dong, Tinghua Duan, Wenxuan Hou and Yue (Lucy) Liu
University of Edinburgh Business School, IESEG School of Management, University of Edinburgh - Business School and University of Edinburgh Business School
Downloads 194 (259,407)

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Athlete; Corporate Board; Director; Firm performance; Sports

27.

Fund Ownership and Stock Price Informativeness of Chinese Listed Firms

Journal of Multinational Financial Management, Forthcoming
Number of pages: 37 Posted: 08 Dec 2012
Rong Ding, Wenxuan Hou, Jing-Ming Kuo and Edward Lee
NEOMA Business School, University of Edinburgh - Business School, University of Birmingham - Birmingham Business School and University of Manchester - Alliance Manchester Business School
Downloads 190 (264,382)
Citation 1

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share price informativeness, mutual funds, state ownership, ownership structure, China

28.

Socially Responsible Lending

Number of pages: 46 Posted: 02 Aug 2014 Last Revised: 01 Feb 2017
Yizhe Dong, Rong Ding, Wenxuan Hou and Weiwei Yang
University of Edinburgh Business School, NEOMA Business School, University of Edinburgh - Business School and University of Bedfordshire
Downloads 187 (269,540)
Citation 1

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Socially responsible lending; corporate social responsibility; bank; state ownership; ownership structure; China

29.

Media Coverage and Foreign Share Discount Puzzle in China

European Journal of Finance, Forthcoming
Number of pages: 32 Posted: 25 Jun 2012 Last Revised: 20 Dec 2012
Douglas J. Cumming, Robert Dixon, Wenxuan Hou and Edward Lee
Florida Atlantic University, Durham Business School, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 182 (274,623)
Citation 1

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media coverage, foreign share discount, China

30.

The Impact of State Ownership on Share Price Informativeness: The Case of the Split Share Structure Reform in China

British Accounting Review, Forthcoming
Number of pages: 48 Posted: 22 Mar 2012 Last Revised: 14 Apr 2012
Wenxuan Hou, Jing-Ming Kuo and Edward Lee
University of Edinburgh - Business School, University of Birmingham - Birmingham Business School and University of Manchester - Alliance Manchester Business School
Downloads 180 (277,298)
Citation 1

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State ownership, Share price informativeness, Split Share Structure Reform, China

31.

Returnees’ Influences on China: A Business Perspective (1850s to 1940s)

Number of pages: 39 Posted: 13 Apr 2014
Huiyao Wang, Tinghua Duan and Wenxuan Hou
Harvard Kennedy School, IESEG School of Management and University of Edinburgh - Business School
Downloads 176 (282,893)
Citation 4

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Returnee, overseas experience, education, China

32.

Initial Coin Offerings: What Rights Do Investors Have?

European Journal of Finance, forthcoming
Number of pages: 29 Posted: 12 May 2020 Last Revised: 26 Oct 2021
Xiaoju Zhao, Wenxuan Hou, Jiafu An, Xianda Liu and Yun Zhang
affiliation not provided to SSRN, University of Edinburgh - Business School, Lingnan University, University of Edinburgh, Business School and Shanghai Lixin University of Accounting and Finance
Downloads 173 (287,166)
Citation 3

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Initial Coin offering, investor protection, shareholder right, disclosure

33.

The Value of Home-Country Governance for Cross-Listed Stocks

European Journal of Finance, Forthcoming
Number of pages: 42 Posted: 01 Nov 2010 Last Revised: 30 Jul 2014
Douglas J. Cumming, Wenxuan Hou and Eliza Wu
Florida Atlantic University, University of Edinburgh - Business School and The University of Sydney - Business School
Downloads 154 (316,844)
Citation 2

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cross-listing, governance, law and finance

34.

Does Mutual Fund Ownership Affect Financial Reporting Quality for Chinese Privately-Owned Enterprises?

International Review of Financial Analysis, Forthcoming
Number of pages: 37 Posted: 14 May 2013 Last Revised: 10 Feb 2014
Ann Ling‐Ching Chan, Rong Ding and Wenxuan Hou
National Chengchi University (NCCU), NEOMA Business School and University of Edinburgh - Business School
Downloads 142 (338,317)
Citation 2

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Institutional ownership, financial reporting quality, mutual fund ownership, modified auditor opinion, China.

35.

The Role of Returnees in Business: A Review

Number of pages: 14 Posted: 01 Feb 2015 Last Revised: 15 Mar 2015
Huiyao Wang, Tinghua Duan, Wenxuan Hou and Xiaohui Liu
Harvard Kennedy School, IESEG School of Management, University of Edinburgh - Business School and Loughborough University
Downloads 138 (346,008)
Citation 4

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China, Returnee, Review

36.

The Role of Mutual Funds in Deterring Corporate Fraud in China

ENTREPRENEURSHIP, GOVERNANCE AND ETHICS, Cumming, D., C., Mallin and R., Cressy, eds., Springer, Forthcoming
Number of pages: 27 Posted: 03 Jan 2012 Last Revised: 23 Jan 2012
Wenxuan Hou, Edward Lee and Konstantinos Stathopoulos
University of Edinburgh - Business School, University of Manchester - Alliance Manchester Business School and The University of Manchester - Alliance Manchester Business School
Downloads 135 (352,020)
Citation 2

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Fund, Fund Ownership, Fraud, Integrity, Ethics, China

37.

Chinese Gini Coefficient from 2005 to 2012, Based on 20 Grouped Income Data Sets of Urban and Rural Residents

Journal of Applied Mathematics Volume 2015 (2015), Article ID 939020
Number of pages: 17 Posted: 16 Mar 2015
Jiandong Chen, Fuqian Fang, Wenxuan Hou, Fengying Li, Ming Pu and Malin Song
Southwestern University of Finance and Economics, School of Economics, Renmin University of China, University of Edinburgh - Business School, Southwestern University of Finance and Economics (SWUFE), Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management and Anhui University of Finance and Economics
Downloads 131 (360,026)
Citation 4

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China; Inequality; Gini Coefficient

38.

Do Board Secretaries Influence Management Earnings Forecasts?

Journal of Business Ethics, Forthcoming
Number of pages: 52 Posted: 21 Feb 2017
Lu Xing, Tinghua Duan and Wenxuan Hou
University of Glasgow, IESEG School of Management and University of Edinburgh - Business School
Downloads 130 (362,195)
Citation 1

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Board secretary; management earnings forecasts; China; top management team; litigation risk

39.

Do Excess Funds Make Financially Constrained Firms Better Off? Evidence from IPOs in China

Abacus, 2021 forthcoming
Number of pages: 31 Posted: 26 Aug 2015 Last Revised: 08 Mar 2021
Chunfang Cao, Chunfang Cao, Wenxuan Hou, Xiumei Liu and Hongbo Pan
Sun Yat-sen University (SYSU)Southwest University of Finance and Economics, University of Edinburgh - Business School, Sun Yat-sen University (SYSU) and Wuhan University
Downloads 129 (364,209)

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Excessive funds; financial constraints; performance; China; IPOs

40.

Venture Capital Trusts and the Expiration of IPO Lockup Provisions

European Journal of Finance, Forthcoming
Number of pages: 56 Posted: 02 Nov 2014 Last Revised: 24 Mar 2016
Tianna Yang and Wenxuan Hou
The University of Manchester - Division of Accounting and Finance and University of Edinburgh - Business School
Downloads 124 (375,237)

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IPO; lock-up provisions; income tax relief; performance; discount; trading volume; venture capital trusts

41.

The Effects of Population on Income Disparity in a Dual Society: Evidence from China

Number of pages: 20 Posted: 18 Jan 2009
Jiandong Chen, Wenxuan Hou and Shenwu Jin
Southwestern University of Finance and Economics, University of Edinburgh - Business School and affiliation not provided to SSRN
Downloads 112 (404,214)

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D63, I30

42.

Family Business Development in Mainland China: From 1872 to 1949

Business History, Forthcoming
Number of pages: 44 Posted: 25 Nov 2015
Cheryl Susan McWatters, Cheryl Susan McWatters, Qiu Chen, Shujun Ding, Wenxuan Hou and Zhenyu Wu
Telfer School of Management, University of OttawaUniversity of Ottawa - Management, University of Ottawa, University of Ottawa - Telfer School of Management, University of Edinburgh - Business School and University of Manitoba
Downloads 111 (406,843)

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Family business; Mainland China; Early development; Late Qing Dynasty

43.

CEO International Experience and Foreign IPOs

Economic Modelling, Forthcoming
Number of pages: 36 Posted: 24 Jan 2018 Last Revised: 07 Jan 2020
Tinghua Duan, Wenxuan Hou and Bill Rees
IESEG School of Management, University of Edinburgh - Business School and University of Edinburgh - Accounting and Finance
Downloads 104 (426,134)
Citation 1

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China, CEO, CFO, Returnee, Cross-Border IPOs, Entrepreneurial Firms, IPO Initial Returns, High Tech Industries

44.

Do Banks Audited by Specialists Engage in Less Real Activities Management? Evidence from Repurchase Agreements

Auditing: A Journal of Practice & Theory, Forthcoming
Number of pages: 46 Posted: 19 Jan 2018
Neil L. Fargher, Wenxuan Hou and John Ziyang Zhang
Australian National University (ANU), University of Edinburgh - Business School and University of Liverpool
Downloads 103 (429,056)
Citation 2

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Auditor; Banks; Real Activities Management; Repo; Repurchase Agreements

45.

Do Share Repurchases Enhance Liquidity? Evidence from UK Closed-End Funds

Number of pages: 61 Posted: 27 Aug 2015
Tianna Yang and Wenxuan Hou
The University of Manchester - Division of Accounting and Finance and University of Edinburgh - Business School
Downloads 103 (429,056)
Citation 1

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closed-end fund, open-market repurchase, liquidity, UK, Share Repurchases

46.

The Trend of the Gini Coefficient between Chinese Rural and Urban Residents from 1978 to 2008

Number of pages: 24 Posted: 29 Mar 2010 Last Revised: 24 Aug 2015
Jiandong Chen, Wenxuan Hou, Gaolu Zou and Xiaorong Zhou
Southwestern University of Finance and Economics, University of Edinburgh - Business School, Southwestern University of Finance and Economics and Southwestern University of Finance and Economics
Downloads 94 (456,171)

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Dual-Sector Model, The Gini Coefficient, Urban Population, Income Disparity, China

47.

Cyber Risks and Initial Coin Offerings: Evidence from the World

Number of pages: 23 Posted: 11 Jun 2020
Jiafu An, Tinghua Duan, Wenxuan Hou and Xianda Liu
Lingnan University, IESEG School of Management, University of Edinburgh - Business School and University of Edinburgh, Business School
Downloads 93 (459,387)
Citation 2

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ICO, Cyber Risks, Institution Quality

48.

Do Passive Investors Influence Corporate Social Responsibility?

Number of pages: 53 Posted: 23 Aug 2016 Last Revised: 01 Sep 2022
Wenxuan Hou and Xiaoyu Zhang
University of Edinburgh - Business School and Vrije Universiteit Amsterdam (VU Amsterdam)
Downloads 92 (462,597)

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passive institutional investors, corporate social responsibility, portfolio diversification

49.

The Value of Home-Country Governance for Cross-Listed Stocks

European Journal of Finance, Forthcoming
Number of pages: 43 Posted: 30 Mar 2014
Douglas J. Cumming, Wenxuan Hou and Eliza Wu
Florida Atlantic University, University of Edinburgh - Business School and The University of Sydney - Business School
Downloads 90 (468,908)
Citation 3

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governance, cross-listing, firm value

50.

The Integrity of Financial Analysts: Evidence from Asymmetric Responses to Earnings Surprises

Journal of Business Ethics, 2016
Number of pages: 56 Posted: 16 Jun 2016 Last Revised: 08 Jul 2016
Rui Lu, Wenxuan Hou, Henry R. Oppenheimer and Ting Zhang
Sun Yat-sen University (SYSU) - Lingnan (University) College, University of Edinburgh - Business School, University of Rhode Island - Area of Finance and Insurance and University of Dayton - School of Business Administration
Downloads 84 (489,411)
Citation 1

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Integrity, analysts’ response, conflicts of interest, earnings surprises

51.

Does Religion Matter to Informal Finance? Evidence from Trade Credit in China

Downloads 83 (492,781)

Does Religion Matter to Informal Finance? Evidence from Trade Credit in China

Regional Studies, Forthcoming
Number of pages: 47 Posted: 25 Jan 2019
Chunfang Cao, Chunfang Cao, Kam C. Chan, Wenxuan Hou and Jia Fansheng
Sun Yat-sen University (SYSU)Southwest University of Finance and Economics, Western Kentucky University - Department of Accounting and Finance, University of Edinburgh - Business School and Sun Yat-sen University (SYSU)
Downloads 83 (497,692)
Citation 2

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trade credit; religion; informal institution; informal finance

Does Religion Matter to Informal Finance? Evidence from Trade Credit in China

Posted: 22 Aug 2017
Chunfang Cao, Chunfang Cao, Kam C. Chan, Jia Fansheng and Wenxuan Hou
Sun Yat-sen University (SYSU)Southwest University of Finance and Economics, Western Kentucky University - Department of Accounting and Finance, Sun Yat-sen University (SYSU) and University of Edinburgh - Business School

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trade credit; religion; informal institution; informal finance

52.

Does Feedback Trading Drive Returns of Cross-Listed Shares?

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 43 Posted: 12 Jun 2017
Jing Chen, Yizhe Dong, Wenxuan Hou and David G. McMillan
Cardiff University - School of Mathematics, University of Edinburgh Business School, University of Edinburgh - Business School and University of Stirling
Downloads 81 (500,057)

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Feedback trading, High-frequency trading, Cross-listing, Spillover, Volatility, Liquidity

53.

Historical Determinants of Fintech Development: Evidence from Initial Coin Offerings

Finance Research Letters, Forthcoming
Number of pages: 20 Posted: 29 Sep 2020 Last Revised: 20 Sep 2021
Jiafu An, Wenxuan Hou and Xianda Liu
Lingnan University, University of Edinburgh - Business School and University of Edinburgh, Business School
Downloads 80 (503,705)
Citation 1

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ICO, history, finance, institutions

54.

Does Historical Climate Influence Corporate Resilience to Crises?

Number of pages: 58 Posted: 05 Jan 2023
Wenxuan Hou and Ruoran Zhao
University of Edinburgh - Business School and the University of Edinburgh Business School, B-CCaS Centre
Downloads 79 (507,353)

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Access to finance, corporate resilience, social capital, cooperation, weather risks

55.

Pay-Performance Sensitivity and Risk-Taking Behaviors: Evidence from Closed-End Funds

Number of pages: 41 Posted: 06 May 2015 Last Revised: 16 Nov 2015
Tianna Yang and Wenxuan Hou
The University of Manchester - Division of Accounting and Finance and University of Edinburgh - Business School
Downloads 79 (507,353)

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closed-end fund, pay-performance sensitivity, risk-taking behavior, alternative investments, emerging market

56.

COVID-19 and Development: Lessons from Historical Pandemics

Journal of Chinese Economic and Business Studies, Forthcoming
Number of pages: 15 Posted: 01 Dec 2020
Wenxuan Hou, Xianda Liu and Brian G. M. Main
University of Edinburgh - Business School, University of Edinburgh, Business School and University of Edinburgh
Downloads 76 (518,966)

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COVID-19; disease; institutions; plague; pandemic; social capital; xenophobia

57.

On the Tendency of the Gini Coefficient between Chinese Rural and Urban Areas from 1978 to 2012

Number of pages: 27 Posted: 29 Oct 2014
Jiandong Chen, Ming Pu, Wenxuan Hou and Yingjie Fan
Southwestern University of Finance and Economics, Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management, University of Edinburgh - Business School and University of Birmingham
Downloads 71 (539,095)

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Gini, coefficient, urbanization, income inequality

58.

Outside Directors and Firm Performance During Institutional Transitions: New Evidence from Dissenting Opinions

Academy of Management Proceedings 2015 2015:1 10322; doi:10.5465
Number of pages: 31 Posted: 12 Aug 2016 Last Revised: 19 Sep 2016
Wenxuan Hou
University of Edinburgh - Business School
Downloads 69 (547,447)

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board independence, board composition, dissenting opinions, performance, outside directors

59.

Chinese Capital Markets: Institutional Reforms and Growing Global Links

European Journal of Finance, Forthcoming
Number of pages: 13 Posted: 09 Jun 2017
Douglas J. Cumming, Alessandra Guariglia, Wenxuan Hou and Edward Lee
Florida Atlantic University, University of Birmingham - Department of Economics, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 67 (556,200)

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China, Chinese capital market, Institutional reforms

60.

Relocate or Innovate? The Impact of Environmental Regulation Stringency on Pollution-Intensive Firms in China

Downloads 66 (560,458)

Relocate or Innovate? The Impact of Environmental Regulation Stringency on Pollution-Intensive Firms in China

Number of pages: 46 Posted: 22 May 2020
Yizhe Dong, Wenxuan Hou, Liang Xi and Tianju Wang
University of Edinburgh Business School, University of Edinburgh - Business School, University of Edinburgh - Edinburgh Business School and University of Edinburgh Business School
Downloads 56 (618,790)

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China, environmental regulation, financial cost, pollution-intensive firms, regulation stringency

Relocate or Innovate? The Impact of Environmental Regulation Stringency on Pollution-Intensive Firms in China

Number of pages: 24 Posted: 20 Sep 2022
Yizhe Dong, Wenxuan Hou, Xi Liang and Tianju Wang
University of Edinburgh Business School, University of Edinburgh - Business School, University College London and University of Edinburgh Business School
Downloads 10 (986,805)

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environmental regulation, pollution-intensive firms, green finance, spillovers.

61.

Systematic Risk, Government Policy Intervention, and Dynamic Contrarian Investments

International Review of Economics and Finance, Forthcoming
Number of pages: 18 Posted: 22 Dec 2015
JP Liu, Wenxuan Hou, Qizhi Tao and Ting Jeffrey Zhang
China Jiliang University, University of Edinburgh - Business School, Southwestern University of Finance and Economics (SWUFE) and University of Rhode Island
Downloads 66 (560,458)

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Contrarian investments; policy expectations; systematic risk; optimal decisions

62.

Chinese Capital Markets: Challenges to the China Model

European Journal of Finance, Forthcoming
Number of pages: 11 Posted: 27 Jan 2019
Douglas J. Cumming, Alessandra Guariglia, Wenxuan Hou and Zhenyu Wu
Florida Atlantic University, University of Birmingham - Department of Economics, University of Edinburgh - Business School and University of Manitoba
Downloads 65 (565,064)

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China, Government, Chinese Capital Markets

63.

Law, Endowment and Inequality in Access to Finance

Finance Research Letters, Forthcoming
Number of pages: 27 Posted: 09 Jun 2019 Last Revised: 07 Jan 2020
Seth Armitage, Wenxuan Hou, Xianda Liu and Wang Cong
University of Edinburgh - Accounting and Finance, University of Edinburgh - Business School, University of Edinburgh, Business School and affiliation not provided to SSRN
Downloads 58 (597,644)

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capital concentration, endowment, external financing, financial development, investor protection, inequality, law

64.

China's Rule of Law in New Era: The Rise of Regulation and Formalism

Journal of Chinese Economic and Business Studies, Forthcoming
Number of pages: 11 Posted: 06 Feb 2020
Jiafu An, Wenxuan Hou and Yun Zhang
Lingnan University, University of Edinburgh - Business School and Shanghai Lixin University of Accounting and Finance
Downloads 54 (618,083)
Citation 2

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Anti-Corruption Campaign, China, Procedural Formalism, Regulation

65.

Chinese Capital Markets: The Importance of History for Modern Development

European Journal of Finance, Forthcoming
Number of pages: 12 Posted: 03 Sep 2018
Alessandra Guariglia, Wenxuan Hou, Xiuping Hua and Yiping Huang
University of Birmingham - Department of Economics, University of Edinburgh - Business School, University of Nottingham Ningbo China - Business School and Peking University, National School of Development
Downloads 52 (628,740)

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China, Economic Development, Financial Development, History, Traumatic Shocks

66.

Media Censorship and Stock Price: Evidence from the Foreign Share Discount in China

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 76 Posted: 03 Mar 2018
Rong Ding, Wenxuan Hou, Yue (Lucy) Liu and John Ziyang Zhang
University of Warwick - Warwick Business School, University of Edinburgh - Business School, University of Edinburgh Business School and University of Liverpool
Downloads 50 (639,722)

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China; cross-listed firm; foreign share discount; media censorship; tone of media

67.

State Leaders’ Onsite Visit

Number of pages: 53 Posted: 20 Jan 2019
Weiwei Cai and Wenxuan Hou
affiliation not provided to SSRN and University of Edinburgh - Business School
Downloads 46 (662,651)
Citation 1

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Government; Political Visits; Political Connection

68.

Effects of Heterogeneity on Measuring Efficiency Scores: The Case of China's Banking Sector

in Experiences and Challenges in the Development of the Chinese Capital Market, edited by Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, Edward Lee Palgrave Macmillan, 2015
Number of pages: 27 Posted: 28 Apr 2015
Yizhe Dong, Douglas J. Cumming, Alessandra Guariglia, Wenxuan Hou and Edward Lee
University of Edinburgh Business School, Florida Atlantic University, University of Birmingham - Department of Economics, University of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 45 (668,532)

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Cost efficiency; Stochastic frontier analysis; Heterogeneity; Chinese banking

69.

Do Bureaucratic Checks Improve Firm Value? Evidence from a Natural Experiment

Number of pages: 31 Posted: 27 May 2020
Jiafu An, Seth Armitage, Wenxuan Hou and Xianda Liu
Lingnan University, University of Edinburgh - Accounting and Finance, University of Edinburgh - Business School and University of Edinburgh, Business School
Downloads 40 (699,920)

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Bureaucratic Checks, China, Anti-Corruption, Natural Experiment, Firm Value

70.

Military Experience and Subsequent Effectiveness as a Director

Number of pages: 51 Posted: 19 May 2023
Xianda Liu, Wenxuan Hou and Brian G. M. Main
University of Edinburgh, Business School, University of Edinburgh - Business School and University of Edinburgh
Downloads 35 (734,159)

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D82, G14, G34

71.

Anti-market Sentiment and Corporate Social Responsibility: Evidence from Anti-Jewish Pogroms

Journal of Corporate Finance, Forthcoming
Number of pages: 76 Posted: 09 Aug 2022
Xianda Liu, Wenxuan Hou and Brian G. M. Main
University of Edinburgh, Business School, University of Edinburgh - Business School and University of Edinburgh
Downloads 33 (756,046)
Citation 1

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Corporate social responsibility, Pogroms, Jews, Social norms

72.

Agricultural Origin of Property Rights and Access to Finance

Number of pages: 49 Posted: 28 Aug 2023
Ruoran Zhao and Wenxuan Hou
the University of Edinburgh Business School, B-CCaS Centre and University of Edinburgh - Business School
Downloads 31 (771,441)

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Neolithic transformation, Financial development, Access to finance, Property rights, Persistence

73.

Lead from the Front: Does Shareholder Interlock Board of Directors Create Value?

Number of pages: 43 Posted: 28 Feb 2023
Chen Wang, Wenxuan Hou, Abhinav Goyal and Qing Ye
affiliation not provided to SSRN, University of Edinburgh - Business School, University of Birmingham and Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou
Downloads 27 (795,018)

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Director interlock, corporate governance, firm performance

74.

Do Checks on Bureaucrats Improve Firm Value? Evidence from a Natural Experiment

Accounting and Finance, Forthcoming
Number of pages: 34 Posted: 29 Sep 2020
Jiafu An, Seth Armitage, Wenxuan Hou and Xianda Liu
Lingnan University, University of Edinburgh - Accounting and Finance, University of Edinburgh - Business School and University of Edinburgh, Business School
Downloads 25 (811,531)

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Bureaucratic Checks, China, Anti-Corruption, Natural Experiment, Firm Value

75.

Lawyers in the Boardroom and Firm Environmental Performance

Number of pages: 45 Posted: 30 Mar 2023
Jiafu An, Tinghua Duan, Wenxuan Hou, Xianda Liu and Ruoran Zhao
Lingnan University, IESEG School of Management, University of Edinburgh - Business School, affiliation not provided to SSRN and the University of Edinburgh Business School, B-CCaS Centre
Downloads 24 (820,145)

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Firm Emission, Legal Origin, Environmental Performance, Legal Directors, Paris Agreement

76.

Provincial Official Turnover and Bank Loans

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 36 Posted: 24 Aug 2017
Chunfang Cao, Chunfang Cao, Yizhe Dong, Wenxuan Hou, Yue (Lucy) Liu and Xianhang Qian
Sun Yat-sen University (SYSU)Southwest University of Finance and Economics, University of Edinburgh Business School, University of Edinburgh - Business School, University of Edinburgh Business School and Independent
Downloads 17 (684,916)

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Political Turnover; Bank Loans; Allocation Efficiency of Loans

77.

Military Experience and Subsequent Effectiveness as a Director

Number of pages: 103 Posted: 09 May 2023
Xianda Liu, Wenxuan Hou and Brian G. M. Main
affiliation not provided to SSRN, University of Edinburgh - Business School and University of Edinburgh
Downloads 11 (942,354)

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War, Military experience, Corporate governance, Stock price informativeness

78.

The Cultural Legacy of Anti-Jewish Pogroms: The Impact on Access to Finance and Innovation

Number of pages: 86 Posted: 30 Sep 2023
Jianan Lu, Wenxuan Hou, Brian G. M. Main and Chen Lin
University of Portsmouth, University of Edinburgh - Business School, University of Edinburgh and The University of Hong Kong - Faculty of Business and Economics
Downloads 3 (1,016,980)

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anti-Semitism, social capital, access to finance, innovation, Eastern Europe

79.

Does It Pay To Retain Talent? Evidence From Debt Contracting

Posted: 18 Nov 2022
John Ziyang Zhang, Wenxuan Hou and Rong Ding
University of Liverpool, University of Edinburgh - Business School and University of Warwick - Warwick Business School

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Organization capital, Credit risk, Bank loans, Talent mobility

80.

Initial Coin Offerings and Entrepreneurial Finance: The Role of Founders’ Characteristics

Journal of Alternative Investments, Vol. 21, No. 4, 2019, https://jai.pm-research.com/content/21/4/26
Posted: 19 Jan 2019
Jiafu An, Tinghua Duan, Wenxuan Hou and Xinyu Xu
Lingnan University, IESEG School of Management, University of Edinburgh - Business School and University of Edinburgh - Edinburgh Business School

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Initial coin offerings (ICOs); founder characteristics; entrepreneurial finance; human capital

81.

Signalling Effects of Doing Good in Global ICO Markets

Number of pages: 51
Ruoran Zhao, Wenxuan Hou, V Kumar and Ajay Kumar
the University of Edinburgh Business School, B-CCaS Centre, University of Edinburgh - Business School, Brock University - Goodman School of Business and EMLYON Business School
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Signalling Theory, CSR, Ethical Culture, Initial Coin Offerings, Fundraising, Information Disclosure