All Outputs (7)

Socially responsible investment and fund performance: The moderating roles of mutual funds' operating environments (2024)
Journal Article
Li, D., & Li, H. (2025). Socially responsible investment and fund performance: The moderating roles of mutual funds' operating environments. International Review of Financial Analysis, 97, Article 103804. https://doi.org/10.1016/j.irfa.2024.103804

Mutual fund managers are increasingly inclined to demonstrate their social responsibility (SR) by adopting SR standards and integrating SR funds into investment portfolios. However, a debated question is whether the net effect of SR integration on fu... Read More about Socially responsible investment and fund performance: The moderating roles of mutual funds' operating environments.

Innovation and financial performance: An assessment of patenting strategies of Chinese listed firms (2021)
Journal Article
Li, H. (2023). Innovation and financial performance: An assessment of patenting strategies of Chinese listed firms. International Journal of Finance and Economics, 28(2), 1693-1712. https://doi.org/10.1002/ijfe.2501

We examine the impacts of explorative and collaborative innovations on financial performance within the potential-outcome framework using the patent information of 1716 Chinese listed firms over 2009–2017. By identifying the firms' patenting strategi... Read More about Innovation and financial performance: An assessment of patenting strategies of Chinese listed firms.

Data of pre-IPO or listing firm characteristics and post-listing stock returns of Chinese listed firms (2020)
Journal Article
Li, H. (2020). Data of pre-IPO or listing firm characteristics and post-listing stock returns of Chinese listed firms. Data in Brief, 29, Article 105226. https://doi.org/10.1016/j.dib.2020.105226

The data set contains the data of variables, such as indicators of forms or host markets of the Chinese listed firms, pre-IPO or listing firm characteristics and post-IPO or listing stock returns. These variables can be used to estimate the probabili... Read More about Data of pre-IPO or listing firm characteristics and post-listing stock returns of Chinese listed firms.

Direct overseas listing versus cross-listing: A multivalued treatment effects analysis of Chinese listed firms (2019)
Journal Article
Li, H. (2019). Direct overseas listing versus cross-listing: A multivalued treatment effects analysis of Chinese listed firms. International Review of Financial Analysis, 66, Article 101391. https://doi.org/10.1016/j.irfa.2019.101391

Firms of emerging economies are increasingly seeking various forms of overseas listing as alternatives to the widely studied cross-listing to fund their growth. We examine the motivations and consequences of these alternative forms of overseas listin... Read More about Direct overseas listing versus cross-listing: A multivalued treatment effects analysis of Chinese listed firms.

Volatility spillovers across European stock markets under the uncertainty of Brexit (2019)
Journal Article
Li, H. (2020). Volatility spillovers across European stock markets under the uncertainty of Brexit. Economic Modelling, 84, 1-12. https://doi.org/10.1016/j.econmod.2019.03.001

Exporting allows organizations to diversify risk and generate multiple income streams. In turn, the making of good export decisions is purported to be a main determinant of performance. While substantive export decisions are well researched, little i... Read More about Volatility spillovers across European stock markets under the uncertainty of Brexit.

Residual state ownership and stock market integration: evidence from Chinese partly privatised firms (2017)
Journal Article
Li, H. (2018). Residual state ownership and stock market integration: evidence from Chinese partly privatised firms. Quarterly Review of Economics and Finance, 67, https://doi.org/10.1016/j.qref.2017.05.004

This paper assesses China’s integration with the global stock market over its privatisation process, by examining the asset pricing mechanisms of Chinese firms under different levels of state ownership within a two-beta CAPM framework. We derive time... Read More about Residual state ownership and stock market integration: evidence from Chinese partly privatised firms.

Stock market integration and financial crises: evidence from Chinese sector portfolios (2014)
Preprint / Working Paper
Li, H., & Daly, V. Stock market integration and financial crises: evidence from Chinese sector portfolios

This paper assesses China’s stock market integration with the global market during 1997-2013 and the impact of financial crises on the extent of integration within an augmented CAPM framework. We obtain time-varying global and national systematic ris... Read More about Stock market integration and financial crises: evidence from Chinese sector portfolios.