Ping He

Tsinghua University, SEM

Professor

Beijing, 100084

China

http://www.sem.tsinghua.edu.cn/en/heping

  • Tsinghua University, SEM

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    • Tel: 8610-62795754
    • Fax: 8610-62784554
SCHOLARLY PAPERS

23

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Rank 11,965

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Top 11,965

in Total Papers Downloads

8,081

TOTAL CITATIONS
Rank 10,369

SSRN RANKINGS

Top 10,369

in Total Papers Citations

78

Scholarly Papers (23)

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1.

Bank Credit Cycles

Downloads 1,687 (21,525)
Citation 31

Bank Credit Cycles

Number of pages: 41 Posted: 09 May 2005 Last Revised: 11 Jan 2009
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 1,547 (24,137)
Citation 5

Abstract:

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credit cycles, credit crunches

Bank Credit Cycles

NBER Working Paper No. w11363
Number of pages: 47 Posted: 23 Jun 2005 Last Revised: 26 Dec 2022
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 140 (412,918)
Citation 26

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2.

Agency-Based Asset Pricing

Downloads 835 (59,515)
Citation 4

Agency-Based Asset Pricing

Number of pages: 49 Posted: 21 Feb 2006 Last Revised: 07 Nov 2011
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 761 (66,356)
Citation 4

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Agency Problem, Corporate Governance, Asset Pricing, Price Formation

Agency-Based Asset Pricing

NBER Working Paper No. w12084
Number of pages: 49 Posted: 11 May 2006 Last Revised: 10 Jul 2022
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 74 (646,093)

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3.

Security Price Informativeness with Delegated Traders

Number of pages: 45 Posted: 03 Feb 2006 Last Revised: 03 Feb 2009
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 796 (63,431)
Citation 2

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agency problem, mark to market, market efficiency

4.

A Theory of IPO Waves

Downloads 771 (66,135)

A Theory of IPO Waves

Number of pages: 36 Posted: 18 Mar 2005
Ping He
Tsinghua University, SEM
Downloads 771 (65,241)

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IPO, Certification, Underpricing, Hot and Cold Market, Reputation

A Theory of IPO Waves

The Review of Financial Studies, Vol. 20, Issue 4, pp. 983-1020, 2007
Posted: 25 Jun 2008
Ping He
Tsinghua University, SEM

Abstract:

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G24, C73

5.

Staking Pool Centralization in Proof-of-Stake Blockchain Network

Number of pages: 32 Posted: 09 Jul 2020 Last Revised: 28 Nov 2020
Ping He, Dunzhe Tang and Jingwen Wang
Tsinghua University, SEM, Tsinghua University, SEM and Tsinghua University, SEM
Downloads 582 (94,986)
Citation 8

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Blockchain, Proof-of-Stake, POS, Cryptocurrency, delegated-Proof-of-Stake, Stake Concentration

6.

Money, Banking, and Monetary Policy

Number of pages: 34 Posted: 22 Sep 2006
Ping He, Lixin Huang and Randall Wright
Tsinghua University, SEM, Georgia State University and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 471 (123,205)
Citation 15

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Money, Banking, Liquidity, Inflation, Monetary Policy

7.

Household Investment - The Horizon Effect

Number of pages: 30 Posted: 18 Mar 2005
Ping He and Xiaoqing Hu
Tsinghua University, SEM and University of Illinois at Chicago - Department of Finance
Downloads 355 (169,881)
Citation 1

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Mental Accounting, Time Diversification, Planning Horizon

8.

Simulated Likelihood Estimation of Affine Term Structure Models from Panel Data

Number of pages: 36 Posted: 23 Feb 2006
Michael W. Brandt and Ping He
Duke University - Fuqua School of Business and Tsinghua University, SEM
Downloads 310 (196,557)
Citation 10

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Term Structure, State-Space Representation, Importance Sampling, Simulated Likelihood

9.

Proof-of-Work (PoW) Blockchain Network and Its Viability as a Payment System

Number of pages: 55 Posted: 24 Aug 2019 Last Revised: 13 Oct 2020
Ping He, Dunzhe Tang and Jingwen Wang
Tsinghua University, SEM, Tsinghua University, SEM and Tsinghua University, SEM
Downloads 299 (204,327)
Citation 3

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Blockchain, Proof-of-Work, Cryptocurrency, Bitcoin, Transaction Fee, Mining, Hashrate, Payment System

10.

IPO Pricing Efficiency and Ownership Structure: Evidence from China

Number of pages: 36 Posted: 26 Jan 2010 Last Revised: 08 Oct 2010
Ping He, Kun Wang and Xing Xiao
Tsinghua University, SEM, Tsinghua University and Tsinghua University
Downloads 291 (210,168)

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Financial market development, Ownership structure, Market discipline, Pricing efficiency, Initial public offering

11.

A Theory of Reserve Requirement

Number of pages: 51 Posted: 29 Aug 2016 Last Revised: 08 Nov 2017
Ping He, Zehao Liu and Chengbo Xie
Tsinghua University, SEM, Renmin University of China - School of Finance and School of Finance, SWUFE
Downloads 220 (277,248)

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Outside Money, Inside Money, Reserve Requirement, Liquidity Shortage, Over-Investment

12.

On the Dual Agency Problems of State Controlled Firms in China

Number of pages: 36 Posted: 24 Jan 2010 Last Revised: 06 Oct 2010
Ping He, Kun Wang and Xing Xiao
Tsinghua University, SEM, Tsinghua University and Tsinghua University
Downloads 214 (284,738)

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Government Control, State-Owned Firms, Agency Problem, Corporate Governance

13.

Real Liquidity and Banking

Number of pages: 49 Posted: 27 Mar 2016 Last Revised: 08 May 2019
Ping He and Zehao Liu
Tsinghua University, SEM and Renmin University of China - School of Finance
Downloads 198 (305,979)

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Real liquidity, Medium of Payment, Liquidity Shortage, Bank Efficiency, Quantitative Easing

14.

In the Shadow of Shadow Banking: A Liquidity Perspective

Number of pages: 53 Posted: 18 Sep 2018 Last Revised: 19 May 2024
Zehao Liu, Ping He and Chengbo Xie
Renmin University of China - School of Finance, Tsinghua University, SEM and School of Finance, SWUFE
Downloads 185 (325,528)

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Shadow Banking, Liquidity Requirements, Regulatory Arbitrage, Liquidity Shortage, Search and Matching

15.

Optimal Monetary Policy in a Collateralized Economy

Downloads 145 (400,888)
Citation 1

Optimal Monetary Policy in a Collateralized Economy

Number of pages: 45 Posted: 27 Aug 2016
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 86 (591,058)

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Optimal Monetary Policy in a Collateralized Economy

NBER Working Paper No. w22599
Number of pages: 46 Posted: 07 Sep 2016 Last Revised: 02 Apr 2023
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 59 (727,027)
Citation 1

Abstract:

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16.

Economic Growth and Bank Innovation

Downloads 128 (442,153)

Economic Growth and Bank Innovation

Number of pages: 45 Posted: 28 Sep 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 97 (546,660)

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bank innovation, economic growth

Economic Growth and Bank Innovation

NBER Working Paper No. w29326
Number of pages: 46 Posted: 07 Oct 2021 Last Revised: 16 Apr 2023
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 31 (941,329)

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17.

Borrowing like China? A Theory of a Guarantee Multiplier

Number of pages: 47 Posted: 03 Nov 2023 Last Revised: 17 Aug 2024
Ping He and Zehao Liu
Tsinghua University, SEM and Renmin University of China - School of Finance
Downloads 121 (461,568)

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Loan Guarantees, Multipliers, Information Production, Financial Crises, Debt Swaps

18.

A Network Theory of Safety Premium

Number of pages: 74 Posted: 02 Jul 2021
Zhongjie Fan, Ping He and Zehao Liu
Tsinghua University - Tsinghua University School of Economics and Management, Tsinghua University, SEM and Renmin University of China - School of Finance
Downloads 121 (461,568)

Abstract:

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Safety Premium, Network, Financial Contagion, Collateral, Multiple Equilibria

19.

A Fiscal Theory of Money and Bank Liquidity Provision

Number of pages: 74 Posted: 02 Jul 2021 Last Revised: 14 Sep 2023
Ping He, Zehao Liu and Chengbo Xie
Tsinghua University, SEM, Renmin University of China - School of Finance and School of Finance, SWUFE
Downloads 102 (523,642)
Citation 1

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Liquidity Shortage; Fiscal Policy; Banking; Fiat Money; Side Trades

20.

PoW Blockchain Network's Short-term Self-correction Mechanism

Number of pages: 54 Posted: 27 Feb 2021 Last Revised: 06 Jul 2021
Dunzhe Tang, Ping He and Zhongjie Fan
Tsinghua University, SEM, Tsinghua University, SEM and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 95 (548,927)
Citation 2

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Blockchain, Proof-of-Work, Bitcoin, Hashrate, Miner, Transaction Fee

21.

Asset Prices When Agents are Marked-to-Market

NBER Working Paper No. w12075
Number of pages: 36 Posted: 10 May 2006 Last Revised: 31 Dec 2022
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 95 (548,927)

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22.

Financial Market Efficiency and the Governance Role of Government

Number of pages: 85 Posted: 20 Mar 2024 Last Revised: 09 Dec 2024
Ping He, Lin Ma and Kun Wang
Tsinghua University, SEM, University of International Business and Economics and Tsinghua University
Downloads 31 (933,335)

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Government Control, Internal Governance, External Governance, Short Selling, SOEs

23.

Equilibrium Instability and Self-Correction Mechanism of Pow Blockchain Network

Number of pages: 74 Posted: 23 Mar 2023
Zhongjie Fan, Ping He and Dunzhe Tang
University of International Business and Economics, Tsinghua University, SEM and Fudan University
Downloads 29 (933,335)

Abstract:

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Blockchain, Proof-of-Work, Bitcoin, Hashrate, Transaction Fee