Zhishu Yang

Tsinghua University - School of Economics & Management

Beijing, 100084

China

SCHOLARLY PAPERS

21

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Top 5,451

in Total Papers Citations

208

CROSSREF CITATIONS

124

Scholarly Papers (21)

Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China

Forthcoming, Management Science
Number of pages: 75 Posted: 18 Jun 2019 Last Revised: 15 May 2024
New York University (NYU) - Leonard N. Stern School of Business, Fudan University - International School of Finance (FISF), CUHK Business School and Tsinghua University - School of Economics & Management
Downloads 1,976 (15,333)
Citation 29

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Bank deposits, off-balance sheet liabilities, wealth management products, rollover risk, financial fragility

Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China

NBER Working Paper No. w32034
Number of pages: 63 Posted: 16 Jan 2024
New York University (NYU) - Leonard N. Stern School of Business, Fudan University - International School of Finance (FISF), CUHK Business School and Tsinghua University - School of Economics & Management
Downloads 2 (1,171,806)
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2.

Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount

Journal of Finance, Vol. 63, 2008
Number of pages: 54 Posted: 03 Aug 2003 Last Revised: 26 Jun 2008
Kalok Chan, Albert J. Menkveld and Zhishu Yang
CUHK Business School, Vrije Universiteit Amsterdam and Tsinghua University - School of Economics & Management
Downloads 1,035 (41,113)
Citation 56

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3.

Effects of Short-Sale Constraints on Stock Prices and Trading Activity: Evidence from Hong Kong and Mainland China

Number of pages: 42 Posted: 16 Mar 2010 Last Revised: 02 Apr 2010
Kalok Chan, Hung Wan Kot and Zhishu Yang
CUHK Business School, The Chinese University of Hong Kong and Tsinghua University - School of Economics & Management
Downloads 754 (63,558)
Citation 13

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Short-sale constraints, overvaluation, trading activity, Hong Kong market, China A-share market

4.

Detecting Insider Trading in the Era of Big Data and Machine Learning

Number of pages: 52 Posted: 17 Oct 2022 Last Revised: 27 Nov 2023
University of California, Los Angeles (UCLA), University of North Carolina Kenan-Flagler Business School, Tsinghua University - School of Economics & Management and Shanghai Jiao Tong University (SJTU)
Downloads 643 (77,968)

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Detect insider trading, Machine learning, Big data

5.

The Informativeness of Domestic and Foreign Investors' Stock Trades: Evidence from the Perfectly Segmented Chinese Market

Journal of Financial Markets, Vol. 10, No. 4, 2007
Number of pages: 36 Posted: 06 Aug 2003 Last Revised: 14 Jun 2008
Kalok Chan, Albert J. Menkveld and Zhishu Yang
CUHK Business School, Vrije Universiteit Amsterdam and Tsinghua University - School of Economics & Management
Downloads 620 (81,567)
Citation 14

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6.

The Impact of Incentives and Communication Costs on Information Production and Use: Evidence from Bank Lending

Journal of Finance, Volume 70, Issue 4, pages 1457–1493, August 2015
Number of pages: 49 Posted: 28 Aug 2012 Last Revised: 30 Jul 2015
Jun "QJ" Qian, Philip E. Strahan and Zhishu Yang
Fudan University - International School of Finance (FISF), Boston College - Department of Finance and Tsinghua University - School of Economics & Management
Downloads 617 (82,042)
Citation 63

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Bank loan, interest rate, default, incentive, communication cost

7.

Bank Loans with Chinese Characteristics: Some Evidence on Inside Debt in a State-Controlled Banking System

Journal of Financial and Quantitative Analysis (JFQA), Vol 46, No. 6, 2011
Number of pages: 64 Posted: 19 Sep 2008 Last Revised: 01 Sep 2012
Warren Bailey, Wei Huang and Zhishu Yang
Cornell University, University of Hawaii at Manoa - Shidler College of Business and Tsinghua University - School of Economics & Management
Downloads 592 (86,441)
Citation 33

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bank loans, state ownership, China

8.

The Chinese Warrants Bubble: Evidence from Brokerage Account Records

7th Miami Behavioral Finance Conference 2016, Review of Financial Studies (Forthcoming)
Number of pages: 68 Posted: 23 Aug 2016 Last Revised: 07 Jan 2020
Neil D. Pearson, Zhishu Yang and Qi Zhang
University of Illinois at Urbana-Champaign - Department of Finance, Tsinghua University - School of Economics & Management and Shanghai Jiao Tong University (SJTU)
Downloads 426 (128,910)
Citation 14

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Speculative bubble, feedback loop, precipitating event, feedback trading, social contagion

9.

Informed Trading Volume and Asset Prices: The Role for Intensive Traders

Second Annual Volatility Institute at NYU Shanghai (VINS) 2016
Number of pages: 69 Posted: 06 May 2016 Last Revised: 12 Apr 2019
Christian T. Lundblad, Zhishu Yang and Qi Zhang
University of North Carolina Kenan-Flagler Business School, Tsinghua University - School of Economics & Management and Shanghai Jiao Tong University (SJTU)
Downloads 375 (148,962)

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Informed trading volume, aggressive investor, geographic location, asset pricing

10.

Why Investors do not Buy Cheaper Securities? Evidence from a Natural Experiment

Journal of Banking and Finance, Forthcoming
Number of pages: 48 Posted: 18 Mar 2010 Last Revised: 08 Feb 2019
Kalok Chan, Baolian Wang and Zhishu Yang
CUHK Business School, University of Florida - Department of Finance, Insurance and Real Estate and Tsinghua University - School of Economics & Management
Downloads 324 (174,576)
Citation 4

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A/B share prices, portfolio inertia, trading experience, trading performance

11.

Determinants of Disposition and Reverse Disposition Effects

Number of pages: 35 Posted: 27 Mar 2009
Andreas Krause, K.C. John Wei and Zhishu Yang
University of Bath - Department of Economics, Hong Kong Polytechnic University and Tsinghua University - School of Economics & Management
Downloads 323 (175,183)
Citation 3

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Behavioral bias, Disposition effect, Investor characteristics

12.

Tunneling or Propping: Evidence from Connected Transactions in China

Journal of Corporate Finance, Vol. 17, 2011
Number of pages: 56 Posted: 19 Mar 2008 Last Revised: 27 Jan 2011
Qian Peng, K.C. John Wei and Zhishu Yang
Hong Kong University of Science & Technology (HKUST) - Department of Finance, Hong Kong Polytechnic University and Tsinghua University - School of Economics & Management
Downloads 312 (181,650)
Citation 30

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Connected transactions, Tunneling, Propping, Chinese listed firms

13.

The Chinese Government Bond Returns

Number of pages: 29 Posted: 13 Jun 2010
Jiang Wang, Zhishu Yang and Dongyan Ye
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Tsinghua University - School of Economics & Management and Cheung Kong Graduate School of Business
Downloads 269 (211,768)

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Chinese Government Bond, common factors, momentum profit, market segmentation

14.

Chinese and World Equity Markets: A Review of the Volatilities and Correlations in the First Fifteen Years

China Economic Review, Vol. 20, No. 1, 2009
Number of pages: 39 Posted: 01 Nov 2008 Last Revised: 13 Mar 2009
Kuan-Pin Lin, Albert J. Menkveld and Zhishu Yang
affiliation not provided to SSRN, Vrije Universiteit Amsterdam and Tsinghua University - School of Economics & Management
Downloads 185 (301,598)
Citation 1

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China; World Equity Markets, Dynamic Conditional Correlation

15.

Fertility and Savings: The Effect of China's Two-Child Policy on Household Savings

Number of pages: 58 Posted: 07 Dec 2021
Northwestern University, Northwestern University - Kellogg School of Management, Tsinghua University - School of Economics & Management and Shanghai Jiao Tong University (SJTU)
Downloads 158 (345,928)

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Household Savings, Two-Child Policy, China

16.

How Prior Realized Outcomes Affect Portfolio Decisions

Review of Quantitative Finance and Accounting, Forthcoming
Number of pages: 36 Posted: 22 Feb 2013 Last Revised: 25 Feb 2013
Newcastle University Business School, Hull University Business School (HUBS), University of Leeds - Division of Accounting and Finance, Tsinghua University - School of Economics & Management and Independent
Downloads 125 (416,515)
Citation 1

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prior realized outcomes, stock characteristics, portfolio composition

17.

Does Market Selection Eliminate Unskilled Investors? Evidence from Chinese Brokerage Account Records

Number of pages: 56 Posted: 01 Dec 2023
Neil D. Pearson, Zhishu Yang and Qi Zhang
University of Illinois at Urbana-Champaign - Department of Finance, Tsinghua University - School of Economics & Management and Shanghai Jiao Tong University (SJTU)
Downloads 102 (483,565)

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Market selection, market selection hypothesis, disposition effect, gambling, cumulative prospect theory.

18.

Transmission Of Quantity-based Monetary Policy Through Heterogeneous Banks In China

Number of pages: 62 Posted: 07 Dec 2023
Dan Luo, Michael Weber, Zhishu Yang and Qi Zhang
The Chinese University of Hong Kong Business School, University of Chicago - Finance, Tsinghua University - School of Economics & Management and Independent
Downloads 85 (543,337)

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monetary policy transmission, quantity-based monetary policy instruments, banks heterogeneity, interbank market

19.

Fertility and Savings: The Effect of China's Two-Child Policy on Household Savings

NBER Working Paper No. w29856
Number of pages: 59 Posted: 21 Mar 2022 Last Revised: 14 Apr 2023
Downloads 6 (1,094,038)
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20.

In the Shadow of Banks: Wealth Management Products and Issuing Banks' Risks in China

CEPR Discussion Paper No. DP14957
Number of pages: 65 Posted: 29 Jun 2020 Last Revised: 16 Aug 2020
New York University (NYU) - Leonard N. Stern School of Business, Fudan University - International School of Finance (FISF), CUHK Business School and Tsinghua University - School of Economics & Management
Downloads 0 (1,141,078)
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deposit competition, financial fragility, regulatory arbitrage, Rollover Risk, shadow banking

21.

The Dual Role of the Government: Securities Market Regulation in China 1980-2007

Journal of Financial Regulation and Compliance
Posted: 17 Mar 2009 Last Revised: 15 Jul 2010
Jingyun Ma, Fengming Song and Zhishu Yang
Tsinghua University - School of Economics & Management, Tsinghua University - School of Economics & Management and Tsinghua University - School of Economics & Management

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Securities market regulation, institutional change, China's securities market, government-controlled