Recent Research Output of SME faculty
Despite the short history of the school and the relatively young faculty, SME faculty have already accumulated 24 publications during the past two years (2015-2016) in internationally reputable journals, including top-tier journals such as American Economic Review, Quarterly Journal of Economics, Journal of International Economics, Review of Financial Studies, Journal of Monetary Economics, Management Science, Academy of Management Journal, and Journal of Economic Theory. During this period, SME faculty have also obtained four grants from the Natural Science Foundation of China (one joint grant by Prof. Shilu Tong and Prof. Cong Xie, one by Prof. Xiaoqiao Wang, and two by Prof. Jian Wang) and two best paper awards (both by Prof. Jian Wang).
Development of Research Environment
SME has made great efforts to improve the research environment within the school. These efforts include the following:
• SME has active weekly research seminar series, with over 20 speakers invited in 2016 from both China (e.g., Beijing University and Tsinghua University) and around the world (e.g., Chicago Booth and Princeton University).
• SME has devoted substantial effort to build collaborations with local financial institutions such as the Shenzhen Stock Exchange (SZSE) and Tencent. During the past year, SME has established a regular workshop with the SZSE on stock trading mechanisms, and faculty members have started collaborative research projects with the SZSE research institute. This collaboration is expected to gradually expand into a research program involving more SME faculty members and recruiting joint post-docs.
• SME has also developed a cooperative relationship with the CUHK Business School. Many SME faculty are listed as adjunct faculty of CUHK Business School, and are regularly invited to participate in CUHK Business School internal research workshops. SME has also co-organized an international symposium with the CUHK Business School and actively involved CUHK Business School faculty in joint research projects organized by the SME and Shenzhen Finance Institute.
• SME has also hosted several high-profile academic symposiums with top financial institutions across the world:
(1) In December 2015, the SME, together with the International Monetary Fund and Princeton University, hosted the International Symposium on Housing and Financial Stability in China.
(2) In May 2016, the SME, together with the National Bureau of Economic Research of the U.S., hosted the Chinese Economy Meeting.
(3) In December 2016, the SME, together with the Federal Reserve Bank of San Francisco, hosted the International Finance Conference.
• These symposiums and conferences not only stimulated the research environment in the SME but also helped to build up the academic reputation of CUHK Shenzhen.
• Within the school, SME has made a conscious effort to minimize unnecessary administrative burden on faculty members so that they can focus on their research and teaching after fulfilling their services to the university.
Appendix A: Academic Publication of SME Faculty in 2015-2016
1. Chiu, M. M., Joh, S. W., Khoo, L. (2016). The Effects of School Closure Threats on Student Performance: Evidence from a Natural Experiment. The B.E. Journal of Economic Analysis & Policy.
2. Lin, B., Law, K. S., Zhou, J. (2016). Why Is Underemployment Related to Creativity and OCB? A Task Crafting Explanation of the Curvilinear Moderated Relations. Academy of Management Journal, in press.
3. Lin, B., Mainemelis, C., Kark, R. (2016). Leaders' Responses to Creative Deviance: Differential Effects on Subsequent Creative Deviance and Creative Performance. Leadership Quarterly, in press.
4. Zhang, J., Law, K. S., & Lin, B. (2016). You Think You Are Big Fish in A Small Pond? Perceive Overqualification, Goal Orientations, and Proactivity at Work. Journal of Organizational Behavior, 37: 61–84.
5. Lei, L., Liu, F. (2017). Labor Migration and Health of Left-behind Children in China. Journal of Development Studies, forthcoming.
6. Liu, F., Zhang, J., Xu, P. (2016). One-Child Policy and Childhood Obesity. China Economic Review, forthcoming.
7. Cheng, K. W., Liu, F., Gonzalez, M. E., & Glantz, S. (2017). The Effects of Workplace Clean Indoor Air Law Coverage on Workers’ Smoking-Related Outcomes. Health Economics, 26(2):226-242.
8. Li, B., Liu, Z. (2016). The Oversight Role of Regulators: Evidence from SEC Comment Letters in the IPO Process. Review of Accounting Studies, forthcoming.
9. Chong, B., Liu, Z. (2016). CAR associated with SEO share lockups: Real or illusionary? Review of Quantitative Finance and Accounting 47, 513-541.
10. Song, Y. (2016). Social Learning with Endogenous Observation. Journal of Economic Theory, 166: 324-333.
11. Schaar, M., Song, Y. (2015). Dynamic Network Formation with Incomplete Information. Economic Theory, 59(2): 301-331.
12. Ha, A., Tian, Q., and Tong, S. Information Sharing in Competing Supply Chains with Production Cost Reduction. Manufacturing and Service Operations Management, forthcoming.
13. Shum, S., Tong, S., and Xiao, T. (2016). On the Impact of Uncertain Cost Reduction when Selling to Strategic Customers. Management Science, forthcoming.
14. Shang, W., Ha, A., and Tong, S. (2016). Information Sharing in a Supply Chain with a Common Retailer. Management Science, 62(1): 245-263.
15. Nam, D., Wang, J. (2016). Understanding the Effect of Productivity Changes on International Relative Prices: the Role of News Shocks. Pacific Economic Review, forthcoming.
16. Nam, D., Wang, J. (2015). The Effects of Surprise and Anticipated Technology Changes on International Relative Prices and Trade. Journal of International Economics, 97: 162-177.
17. Wang, J., Wang, X. (2015). Benefits of Foreign Ownership: Evidence from Foreign Direct Investment in China. Journal of International Economics, 97(2): 325-338.
18. Chen, Z., Wang, X. (2017) “Specific Investment and Supplier Vulnerability,” Economics Letters, forthcoming.
19. Wang, X., Wang, J., Johnson, L. (2016). “Geography and capital structure,” Canadian Journal of Administrative Sciences, forthcoming.
20. Baron, M., Xiong, W. (2016). Credit Expansion and Neglected Crash Risk. Quarterly Journal of Economics, forthcoming.
21. Jia, C., Wang, Y., Xiong, W. (2016). Market Segmentation and Differential Reactions of Local and Foreign Investors to Analyst Recommendations. Review of Financial Studies, forthcoming.
22. Garleanu, N., Panageas, S., Yu, J. (2015). Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion. American Economics Review, 105: 1979-2010.
23. Hirshleifer, D., Li, J., Yu, J. (2015). Asset Pricing in Production Economies with Extrapolative Expectations. Journal of Monetary Economics, 76: 87-106.
24. Shen, J., Yu, J., Zhao, S. (2016). Investor Sentiment and Economic Forces, Journal of Monetary Economics, forthcoming.
Appendix B: Awards and Grants by SME Faculty
Shilu Tong and Cong Xie
• Natural Science Foundation of China [grant #: 71671157]: Sharing manufacturer’s demand information in a supply chain under competing environment.
• Outstanding reviewer award for the Production and Operations Management Journal, 2016. POM is a top-4 journal in Operations Management.
• Natural Science Foundation of China (Grant #: 71473040, 600,000 RMB) “An Economic Assessment of China’s Joining TPP Based on CGE Models with Tariff Equivalents of Non-tariff Measures,” with Zhiguo Xiao, 2015-2018.
• “Shadow Banking and China’s Economy: A Framework from Micro to Macro Economic Analysis,” Joint project by the National Science Foundation of China (Grant #: 71661137005, 1,696,000 RMB) and the Economic and Social Research council of the Research Council of the UK, 2017-2019.
• First Prize, 2016 Chicago Quantitative Alliance-Asia (CQAsia) Conference for the paper “Lottery-Related Anomalies: The Role of Reference-Dependent Preferences,”with Li An, Huijun Wang, and Jianfeng Yu.
• Pushan Academic Research Award on International Economics for the paper “Benefits of Foreign Ownership: Evidence from Foreign Direct Investment in China,” with Xiao Wang, Journal of International Economics, 97(2), 325-338, 2015.
• 国家自然科学基金青年项目，“上下游关系专用性投资对企业风险敞口及供应链金融的微观影响”，项目批准号71602087, 17万元，执行年限：2017.01-2019.12