2024-Peking University HSBC Business School(PHBS)

Are Productive Scientists More Willing to Engage With the Public?

Abstract: Scientists are increasingly expected to participate in public engagement around prominent science and technology issues. However, scientists remain concerned that public engagement takes time away from conducting research. Little is known about the relationship between scientists’ productivity and their willingness to participate in different types of public engagement. Using a census survey ...

Luye Bao*, Mikhaila N.Calice, Dominique Brossard, Dietram A.Scheufele, Ezra M.Markowitz

ARTICLE | Science Communication | 2024、46、1：65-91

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The Influence of Media Slant on Short Sellers

Abstract: Using the positive shift in tone of Fox News coverage of macroeconomic news after the Republican Bush election in 2000, we investigate whether media slant influences the investment decisions of short sellers. We find that firms headquartered in Republican-leaning townships with Fox News availability experienced a relative decrease in short interest post the 2000 election. We further find ...

April Knill, Baixiao Liu*, John J. McConnell, Glades McKenzie

ARTICLE | Journal of Corporate Finance | 2024、84

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Learning about the Consumption Risk Exposure of Firms

Abstract: We structurally estimate an investment-based asset pricing model, in which firms' exposure to macroeconomic risk is unknown. Bayesian beliefs about this parameter are updated from firms' and industry peers' comovement between their productivity and consumption growth. The model implies that discount rates rise endogenously with the perceived risk exposure of firms, thereby depressing investment ...

Yongjin Kim, Lars-Alexander Kuehn*, Kai Li

ARTICLE | Journal of Financial Economics | 2024、152

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Delayed Crises and Slow Recoveries

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Xuewen Liu*, Pengfei Wang, Zhongchao Yang

ARTICLE | Journal of Financial Economics | 2024、152

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Covid-19 and Labour Market Resilience: Evidence from Large-Scale Recruitment Behaviour

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Xinguo Yu, Hengxu Song, Ting Ren*, Yanbo Xue

ARTICLE | Regional Studies | 2024、58、1：45-60