Institution
Jiangxi University of Finance and Economics
Education•Nanchang, China•
About: Jiangxi University of Finance and Economics is a education organization based out in Nanchang, China. It is known for research contribution in the topics: Fuzzy logic & China. The organization has 2865 authors who have published 3556 publications receiving 41567 citations.
Topics: Fuzzy logic, China, Supply chain, Computer science, Stock market
Papers published on a yearly basis
Papers
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17 citations
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TL;DR: In this paper, a financial constraint hypothesis that short selling triggers corporate insiders' incentive to avoid taxes for funding investment opportunities was proposed and test a short-sale deregulation on Chinese stock market as a series of quasi-exogenous shocks.
Abstract: While the traditional monitoring view suggests that short selling mitigates corporate tax avoidance, we propose and test a financial constraint hypothesis that short selling trigers corporate insiders' incentive to avoid taxes for funding investment opportunities. Employing staggered short-sale deregulation on the Chinese stock market as a series of quasi-exogenous shocks, we find that the deregulation of short sales significantly reduces firms' cash effective tax rates and effective tax rates. This effect is especially prominent for financially constrained firms and non-state-owned firms. These results suggest that tax avoidance helps to generate additional funds and mitigates financial constraints under downward price pressures. We argue that, in emerging markets with lax law enforcement and ineffective shelters from downside risk, short-sale deregulation induces firms to engage in more aggressive tax avoidance activities because avoiding taxes is cost-effective for them in mitigating the downward price pressure of short selling.
17 citations
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TL;DR: In this paper, the effect of leveraged ETF trading on trading activity and market quality of component stocks was investigated, and it was shown that both quoted and effective spreads of component stock increase about 0.2-3.0 basis points after the inception of leverage ETFs, while other liquidity measures do not show significant changes.
17 citations
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TL;DR: It is shown that foreign investors significantly increase stock price crash risk and the positive association is more pronounced in firms with high levels of information asymmetry or efficient internal control.
17 citations
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TL;DR: In this article, an analytical framework from which they determine the effect of intensification on pollutant nutrient emissions, and deduce the theoretical hypothesis was proposed, based on a microeconomic survey data set of 754 hog farms from five provinces in China, and provided a careful empirical analysis to verify the proposed hypothesis using ordinary least squares (OLS) and instrumental-variable two-stage least squares regression models.
17 citations
Authors
Showing all 2890 results
Name | H-index | Papers | Citations |
---|---|---|---|
Jian Huang | 97 | 1189 | 40362 |
Dean Tjosvold | 63 | 281 | 13224 |
Ning Zhang | 62 | 701 | 16494 |
Kin Keung Lai | 60 | 547 | 13120 |
Lei Shu | 59 | 598 | 13601 |
Brian M. Lucey | 58 | 373 | 14227 |
Robert J. Hardy | 45 | 121 | 8798 |
Yu Lu | 43 | 232 | 6485 |
Jiaying Liu | 43 | 280 | 7489 |
Ali M. Kutan | 43 | 272 | 6884 |
Dejian Lai | 39 | 167 | 6409 |
Ahsan Habib | 39 | 223 | 4951 |
Xiaohua Hu | 36 | 424 | 6099 |
Naixue Xiong | 35 | 291 | 5084 |
Yuming Fang | 35 | 204 | 4800 |