Capital market opening and green innovation——Evidence from Shanghai-Hong Kong stock connect and the Shenzhen-Hong Kong stock connect

Y Sha, P Zhang, Y Wang, Y Xu - Energy Economics, 2022 - Elsevier
We investigate the effect of the capital market opening on green innovation. Using the
Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect as a quasi …

Capital account liberalization and corporate maturity mismatch: The role of bank competition

DK Si, M Wang, H Ding - Pacific-Basin Finance Journal, 2023 - Elsevier
This paper investigates the causal effect of capital account liberalization on corporate
maturity mismatch of financing and investment and further explores the role of bank …

Risk spillovers from China's and the US stock markets during high-volatility periods: Evidence from East Asianstock markets

B Wang, Y Xiao - International Review of Financial Analysis, 2023 - Elsevier
This paper studies cross-country risk spillovers through C-vine copula quantile regression.
We find Both China's and the US markets can result in large risk spillovers to East Asian …

Corporate social responsibility in market liberalization: Evidence from Shanghai-Hong Kong stock connect

L Yang, B Wang, D Luo - … of International Financial Markets, Institutions and …, 2022 - Elsevier
This paper examines how stock market liberalization affects corporate social responsibility
(CSR) performance. Using the launch of the Shanghai-Hong Kong Stock Connect (SHSC) …

Capital market liberalization and opportunistic insider sales: Evidence from China

X Liu, L Wang, Y Dai - … of International Financial Markets, Institutions and …, 2023 - Elsevier
This study examines the causal effect of stock market liberalization on opportunistic insider
sales. Using China's “Shanghai/Shenzhen-Hong Kong Stock Connect” pilot programs as …

Capital market liberalization and systemic risk of non-financial firms: Evidence from Chinese Stock Connect scheme

XL Li, H Li, X Ge, DK Si - Pacific-Basin Finance Journal, 2023 - Elsevier
This paper examines the causal effect of capital market liberalization on the systemic risk of
non-financial firms (NFFs), a topic that has received little attention in the literature. We exploit …

Stock market openness and market quality: evidence from the shanghai–hong kong stock connect program

K Xu, X Zheng, D Pan, L Xing… - Journal of Financial …, 2020 - Wiley Online Library
We study the impact of capital market openness on high‐frequency market quality in China.
The Shanghai–Hong Kong Stock Connect program (SHHKConnect) opens China's stock …

Does stock market liberalization promote entrepreneurship?

C Jiang, Y Qiu, XL Li, DK Si - Economic Analysis and Policy, 2024 - Elsevier
This paper investigates the impact of stock market liberalization on entrepreneurship using
non-financial firm-level data from 2007 to 2022. The results show that increased stock …

Stock market liberalization and institutional herding: Evidence from the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connects

Y Zhao, C Xiang, W Cai - Pacific-Basin Finance Journal, 2021 - Elsevier
Abstract Using the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects (the
Connects) as exogenous shocks to the liberalization of China's A-share markets, we study …

The effect of overseas investors on local market efficiency: evidence from the Shanghai/Shenzhen–Hong Kong Stock Connect

Y Meng, L Xiong, L Xiao, M Bai - Financial Innovation, 2023 - Springer
Using a recent stock market liberalization reform policy in China—the Stock Connect—as a
quasi-natural experiment, this study examines the effect of stock market liberalization on …