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Guangzhong Li

Personal Details

First Name:Guangzhong
Middle Name:
Last Name:Li
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RePEc Short-ID:pli661
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http://cafd.cufe.edu.cn/jiaoshi/liguangzhong/

Affiliation

(in no particular order)

Central University of Finance and Economics (CUFE)

Beijing, China
http://www.cufe.edu.cn/




RePEc:edi:cufeccn (more details at EDIRC)

Chinese Academy of Finance and Development
Central University of Finance and Economics (CUFE)

Beijing, China
http://cafd.cufe.edu.cn/




RePEc:edi:fdcufcn (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Li Guangzhong & Jan P Voon, 2004. "Impacts of Real exchange Rate Volatility and Real Exchange Rate Misalignment on China," Econometric Society 2004 Australasian Meetings 5, Econometric Society.

Articles

  1. Hovakimian, Armen & Li, Guangzhong, 2011. "In search of conclusive evidence: How to test for adjustment to target capital structure," Journal of Corporate Finance, Elsevier, vol. 17(1), pages 33-44, February.
  2. Jimmy Ran & JanP. Voon & Guangzhong Li, 2010. "How Do Oil Price Shocks Affect A Small Non-Oil Producing Economy? Evidence From Hong Kong," Pacific Economic Review, Wiley Blackwell, vol. 15(2), pages 263-280, May.
  3. K.C. Chen & Guangzhong Li & Lifan Wu, 2010. "Price Discovery for Segmented US-Listed Chinese Stocks: Location or Market Quality?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(1-2), pages 242-269.
  4. Guangzhong Li & James Refalo & Lifan Wu, 2008. "Causality-in-variance and causality-in-mean among European government bond markets," Applied Financial Economics, Taylor & Francis Journals, vol. 18(21), pages 1709-1720.
  5. Ran, Jimmy & Voon, Jan P. & Li, Guangzhong, 2008. "Effects of foreign currency component in monetary aggregates on money neutrality," Economics Letters, Elsevier, vol. 99(3), pages 435-438, June.
  6. Ran, Jimmy & Voon, Jan P. & Li, Guangzhong, 2007. "How does FDI affect China? Evidence from industries and provinces," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 774-799, December.
  7. Guangzhong Li & Jan P. Voon & Jimmy Ran, 2006. "Risk, Uncertainty And China'S Exports ," Australian Economic Papers, Wiley Blackwell, vol. 45(2), pages 158-168, June.
  8. Jan Voon & Li Guangzhong & Jimmy Ran, 2006. "Does China really lose from RMB revaluation? Evidence from some export industries," Applied Economics, Taylor & Francis Journals, vol. 38(15), pages 1715-1723.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

    Sorry, no citations of working papers recorded.

Articles

  1. Hovakimian, Armen & Li, Guangzhong, 2011. "In search of conclusive evidence: How to test for adjustment to target capital structure," Journal of Corporate Finance, Elsevier, vol. 17(1), pages 33-44, February.

    Cited by:

    1. Marco Botta & Luca Colombo, 2016. "Macroeconomic and Institutional Determinants of Capital Structure Decisions," DISCE - Working Papers del Dipartimento di Economia e Finanza def038, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    2. Koh, SzeKee & Durand, Robert B. & Watson, Iain, 2011. "Seize the moment: Opportunism in Australian capital markets," Pacific-Basin Finance Journal, Elsevier, vol. 19(4), pages 374-389, September.
    3. Lin, Qi, 2015. "Growth options effect on leverage: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 34(C), pages 152-168.
    4. Zhou, Qing & Faff, Robert & Alpert, Karen, 2014. "Bias correction in the estimation of dynamic panel models in corporate finance," Journal of Corporate Finance, Elsevier, vol. 25(C), pages 494-513.
    5. Khoo, Joye & Durand, Robert B., 2017. "Japanese corporate leverage during the Lost Decades," Pacific-Basin Finance Journal, Elsevier, vol. 46(PA), pages 94-108.
    6. Ogden, Joseph P. & Wu, Shanhong, 2013. "Reassessing the effect of growth options on leverage," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 182-195.
    7. Lin Tian & Liang Han & Song Zhang, 2015. "Business Life Cycle and Capital Structure: Evidence from Chinese Manufacturing Firms," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(2), pages 22-39, March.
    8. Sánchez-Vidal, F. Javier, 2014. "High debt companies' leverage determinants in Spain: A quantile regression approach," Economic Modelling, Elsevier, vol. 36(C), pages 455-465.
    9. Joye Khoo & Robert B. Durand & Subhrendu Rath, 2017. "Leverage adjustment after mergers and acquisitions," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57, pages 185-210, April.
    10. Bashar K. Abu Khalaf, 2017. "Empirical Investigation of Symmetric and Asymmetric Target Adjustment Models: Capital Structure of Non-Financial Firms in Jordan," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(3), pages 133-140, March.
    11. Dang, Viet Anh & Kim, Minjoo & Shin, Yongcheol, 2014. "Asymmetric adjustment toward optimal capital structure: Evidence from a crisis," International Review of Financial Analysis, Elsevier, vol. 33(C), pages 226-242.
    12. Park, Soon Hong & Suh, Jungwon & Yeung, Bernard, 2013. "Do multinational and domestic corporations differ in their leverage policies?," Journal of Corporate Finance, Elsevier, vol. 20(C), pages 115-139.
    13. Chauhan, Gaurav Singh & Huseynov, Fariz, 2018. "Corporate financing and target behavior: New tests and evidence," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 840-856.
    14. John Goddard & Donal McKillop & John O. S. Wilson, 2016. "Regulatory Change and Capital Adjustment of US Credit Unions," Journal of Financial Services Research, Springer;Western Finance Association, vol. 50(1), pages 29-55, August.
    15. Maria Elena Bontempi & Laura Bottazzi & Roberto Golinelli, 2015. "ynamic corporate capital structure behavior:empirical assessment in the light of heterogeneity and non stationarity," Working Papers 537, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    16. Paolo Saona & Pablo San Martín, 2018. "Determinants of firm value in Latin America: an analysis of firm attributes and institutional factors," Review of Managerial Science, Springer, vol. 12(1), pages 65-112, January.
    17. Emma García-Meca & Felix López-Iturriaga & Fernando Tejerina-Gaite, 2017. "Institutional Investors on Boards: Does Their Behavior Influence Corporate Finance?," Journal of Business Ethics, Springer, vol. 146(2), pages 365-382, December.
    18. Mohamed, Hisham Hanifa & Masih, Mansur & Bacha, Obiyathulla I., 2015. "Why do issuers issue Sukuk or conventional bond? Evidence from Malaysian listed firms using partial adjustment models," Pacific-Basin Finance Journal, Elsevier, vol. 34(C), pages 233-252.
    19. Flannery, Mark J. & Hankins, Kristine Watson, 2013. "Estimating dynamic panel models in corporate finance," Journal of Corporate Finance, Elsevier, vol. 19(C), pages 1-19.
    20. Ahmed Arif & Bilal Aslam, 2014. "Determinants of Capital Structure: An Age Wise Analysis from Non-Financial Sector of Pakistan," International Journal of Empirical Finance, Research Academy of Social Sciences, vol. 3(2), pages 76-89.
    21. De Jonghe, O.G. & Öztekin, Ö., 2015. "Bank capital management : International evidence," Other publications TiSEM 678d7410-481b-496f-98d5-d, Tilburg University, School of Economics and Management.
    22. Antzoulatos, Angelos A. & Koufopoulos, Kostas & Lambrinoudakis, Costas & Tsiritakis, Emmanuel, 2016. "Supply of capital and capital structure: The role of financial development," Journal of Corporate Finance, Elsevier, vol. 38(C), pages 166-195.
    23. Öztekin, Özde & Flannery, Mark J., 2012. "Institutional determinants of capital structure adjustment speeds," Journal of Financial Economics, Elsevier, vol. 103(1), pages 88-112.
    24. Tanveer Ahsan & Muhammad Azeem Qureshi, 2017. "The impact of financial liberalization on capital structure adjustment in Pakistan: a doubly censored modelling," Applied Economics, Taylor & Francis Journals, vol. 49(41), pages 4148-4160, September.
    25. Agliardi, Elettra & Amel-Zadeh, Amir & Koussis, Nicos, 2016. "Leverage changes and growth options in mergers and acquisitions," Journal of Empirical Finance, Elsevier, vol. 37(C), pages 37-58.
    26. KIM, Hyonok & WILCOX, James A. & YASUDA, Yukihiro, 2016. "Shocks and Shock Absorbers in Japanese Bonds and Banks During the Global Financial Crisis," Working Paper Series G-1-16, Center for Financial Research, Graduate School of Commerce and Management, Hitotsubashi University.
    27. Costas Lambrinoudakis & Michael Neumann & George Skiadopoulos, 2014. "Capital Structure and Financial Flexibility: Expectations of Future Shocks," Working Papers 731, Queen Mary University of London, School of Economics and Finance.
    28. De Jonghe, Olivier & Öztekin, Özde, 2015. "Bank capital management: International evidence," Journal of Financial Intermediation, Elsevier, vol. 24(2), pages 154-177.
    29. Gungoraydinoglu, Ali & Öztekin, Özde, 2011. "Firm- and country-level determinants of corporate leverage: Some new international evidence," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1457-1474.
    30. An, Zhe & Li, Donghui & Yu, Jin, 2015. "Firm crash risk, information environment, and speed of leverage adjustment," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 132-151.
    31. Mohamed Soufeljil & Asma Sghaier & Zouhayer Mighri & Hanène Kheireddine, 2017. "The financial structure of the Tunisian listed businesses: an application on panel data," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 7(1), pages 1-25, December.
    32. Hsien-Hung H. Yeh & Eduardo Roca, 2012. "Macroeconomic Conditions and Capital Structure over the Business Cycle: Further Evidence in the Context of Taiwan," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 48(S3), pages 141-156, September.
    33. Svetlana V. Bekareva & Ekaterina N. Meltenisova & J. G. Abo Gsysa, 2017. "Evaluation of the Role of Renewables Consumption on Economic Growth of the U.S. Regions," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 160-171.
    34. Iqbal Hussain, Hafezali & Mohd Farid, Shamsudin & Noor H, Jabarullah, 2016. "Non Linear Speed of Adjustment to Lead Leverage Levels and the Timing Element in Equity Issues: Empirical Evidence from the UK," MPRA Paper 79261, University Library of Munich, Germany.

  2. Jimmy Ran & JanP. Voon & Guangzhong Li, 2010. "How Do Oil Price Shocks Affect A Small Non-Oil Producing Economy? Evidence From Hong Kong," Pacific Economic Review, Wiley Blackwell, vol. 15(2), pages 263-280, May.

    Cited by:

    1. Hasanat Shah, Syed & Li, Jun Jiang & Hasanat, Hafsa, 2013. "The impact of Oil Price and Oil Price Fluctuation on Growth Exports and Inflation in Pakistan," MPRA Paper 52560, University Library of Munich, Germany.
    2. Usama Almulali & Che Normee Binti Che Sab, 2013. "Exploring the impact of oil revenues on OPEC members' macroeconomy," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 37(4), pages 416-428, December.
    3. Roseline Nyakerario Misati & Esman Morekwa Nyamongo & Isaac Mwangi, 2013. "Commodity price shocks and inflation in a net oil-importing economy," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 37(2), pages 125-148, June.
    4. Alom, Fardous, 2011. "Economic Effects of Oil and Food Price Shocks in Asia and Pacific Countries: An Application of SVAR Model," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115346, New Zealand Agricultural and Resource Economics Society.
    5. Kuo, Chen-Yin, 2016. "Does the vector error correction model perform better than others in forecasting stock price? An application of residual income valuation theory," Economic Modelling, Elsevier, vol. 52(PB), pages 772-789.

  3. K.C. Chen & Guangzhong Li & Lifan Wu, 2010. "Price Discovery for Segmented US-Listed Chinese Stocks: Location or Market Quality?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(1-2), pages 242-269.

    Cited by:

    1. Li, Huimin & Zheng, Dazhi & Chen, Jun, 2014. "Effectiveness, cause and impact of price limit—Evidence from China's cross-listed stocks," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 29(C), pages 217-241.
    2. Frijns, Bart & Gilbert, Aaron & Tourani-Rad, Alireza, 2015. "The determinants of price discovery: Evidence from US-Canadian cross-listed shares," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 457-468.
    3. Alhaj-Yaseen, Yaseen S. & Lam, Eddery & Barkoulas, John T., 2014. "Price discovery for cross-listed firms with foreign IPOs," International Review of Financial Analysis, Elsevier, vol. 31(C), pages 80-87.
    4. Alma Hales, 2015. "Liquidity and price discovery in Latin America: evidence from American depositary receipts," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(4), pages 661-678, October.
    5. Gu, Lulu & Reed, W. Robert, 2013. "Information asymmetry, market segmentation, and cross-listing: Implications for event study methodology," Journal of Asian Economics, Elsevier, vol. 28(C), pages 28-40.
    6. Wang, Xue & Yao, Lee J. & Fang, Victor, 2013. "Stock prices and the location of trade: Evidence from China-backed ADRs," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 677-688.

  4. Guangzhong Li & James Refalo & Lifan Wu, 2008. "Causality-in-variance and causality-in-mean among European government bond markets," Applied Financial Economics, Taylor & Francis Journals, vol. 18(21), pages 1709-1720.

    Cited by:

    1. Grydaki, Maria & Bezemer, Dirk, 2013. "The role of credit in the Great Moderation: A multivariate GARCH approach," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4615-4626.
    2. Melo-Becerra & Ramos-Forero & Hector Zárate-Solano, 2015. "Sovereign bond markets and financial stability in an emerging economy: an application of directed acyclic graphs and SVAR models," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 8(3), pages 306-319, November.
    3. Bezemer, Dirk J & Grydaki, Maria, 2012. "Mortgage Lending and the Great moderation: a multivariate GARCH Approach," MPRA Paper 36356, University Library of Munich, Germany.
    4. Tamakoshi, Go & Hamori, Shigeyuki, 2014. "Spillovers among CDS indexes in the US financial sector," The North American Journal of Economics and Finance, Elsevier, vol. 27(C), pages 104-113.
    5. Grydaki, Maria & Bezemer, Dirk J., 2012. "The Role of Credit in Great Moderation: a Multivariate GARCH Approach," MPRA Paper 39813, University Library of Munich, Germany.
    6. González, Mariano, 2016. "Asymmetric causality in-mean and in-variance among equity markets indexes," The North American Journal of Economics and Finance, Elsevier, vol. 36(C), pages 49-68.
    7. Okur, Mustafa & Cevik, Emrah Ismail, 2013. "Testing intraday volatility spillovers in Turkish capital markets: evidence from ISE," MPRA Paper 71477, University Library of Munich, Germany, revised 2013.
    8. Ho, Liang-Chun & Huang, Chia-Hsing, 2015. "The nonlinear relationships between stock indexes and exchange rates," Japan and the World Economy, Elsevier, vol. 33(C), pages 20-27.
    9. Clifton, Judith & Díaz-Fuentes, Daniel & Revuelta, Julio, 2009. "Explaining Telecoms and Electricity Internationalization in the European Union: A Political Economy Perspective," MPRA Paper 33037, University Library of Munich, Germany.

  5. Ran, Jimmy & Voon, Jan P. & Li, Guangzhong, 2007. "How does FDI affect China? Evidence from industries and provinces," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 774-799, December.

    Cited by:

    1. Ying Xu, 2009. "How Does Financial System Efficiency Affect the Growth Impact of FDI in China?," Development Economics Working Papers 22885, East Asian Bureau of Economic Research.
    2. Hongzhong Fan & Shah Muhammad Kamran & Mingliang Li & Qiliang Zhou, 2017. "Congestion costs and differences in the regional distribution of FDI in China," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(4), pages 1789-1809, July.
    3. Yu, J. & Nijkamp, P., 2008. "China’s prospects as an innovative country: an industrial economics perspective," Serie Research Memoranda 0009, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    4. Mao, Zhenxing (Eddie) & Yang, Yang, 2016. "FDI spillovers in the Chinese hotel industry: The role of geographic regions, star-rating classifications, ownership types, and foreign capital origins," Tourism Management, Elsevier, vol. 54(C), pages 1-12.
    5. Nathalia Rios Ballesteros & Thomas Goda, 2017. "Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies," DOCUMENTOS DE TRABAJO CIEF 015298, UNIVERSIDAD EAFIT.
    6. Fleisher, Belton M. & Li, Haizheng & Zhao, Min Qiang, 2007. "Human Capital, Economic Growth, and Regional Inequality in China," IZA Discussion Papers 2703, Institute for the Study of Labor (IZA).
    7. Robert Huggins & Shougui Luo & Piers Thompson, 2014. "The competitiveness of China's Leading Regions: Benchmarking Their Knowledge-based Economies," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 105(3), pages 241-267, July.
    8. A. Yasemin Yalta, 2011. "New Evidence on FDI-Led Growth: The Case of China," Working Papers 1107, TOBB University of Economics and Technology, Department of Economics.
    9. Lo, Dic & Hong, Fuhai & Li, Guicai, 2016. "Assessing the role of inward foreign direct investment in Chinese economic development, 1990–2007: Towards a synthesis of alternative views," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 107-120.
    10. Tsun Se Cheong & Yanrui Wu, 2013. "Globalization and Regional Inequality," Economics Discussion / Working Papers 13-10, The University of Western Australia, Department of Economics.
    11. Salike, Nimesh, 2016. "Role of human capital on regional distribution of FDI in China: New evidences," China Economic Review, Elsevier, vol. 37(C), pages 66-84.
    12. Nnaemeka Vincent Emodi & Girish Panchakshara Murthy & Chinenye Comfort Emodi & Adaeze Saratu Augusta Emodi, 2017. "Factors Influencing Innovation and Industrial Performance in Chinese Manufacturing Industry," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 14(06), pages 1-32, December.
    13. Gunby, Philip & Jin, Yinghua & Robert Reed, W., 2017. "Did FDI Really Cause Chinese Economic Growth? A Meta-Analysis," World Development, Elsevier, vol. 90(C), pages 242-255.
    14. Yalta, A. Yasemin, 2013. "Revisiting the FDI-led growth Hypothesis: The case of China," Economic Modelling, Elsevier, vol. 31(C), pages 335-343.
    15. Lee, Wai Choi & Cheong, Tsun Se & Wu, Yanrui, 2017. "The Impacts of Financial Development, Urbanization, and Globalization on Income Inequality: A Regression-based Decomposition Approach," ADBI Working Papers 651, Asian Development Bank Institute.
    16. Mitsuo Inada, 2013. "The Effects of Foreign Direct Investment on Industrial Growth: Evidence from a Regulation Change in China," KIER Working Papers 856, Kyoto University, Institute of Economic Research.
    17. Tomáš Havránek & Zuzana Iršová, 2010. "Meta-Analysis of Intra-Industry FDI Spillovers: Updated Evidence," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 60(2), pages 151-174, May.
    18. Ho Yeon Kim & Toshitaka Gokan, 2011. "Theories on FDI and the Behavior of MNEs in East Asia," Chapters,in: The Economics of East Asian Integration, chapter 5 Edward Elgar Publishing.
    19. Zhang, Haifeng & Zhang, Hongliang & Zhang, Junsen, 2015. "Demographic age structure and economic development: Evidence from Chinese provinces," Journal of Comparative Economics, Elsevier, vol. 43(1), pages 170-185.

  6. Guangzhong Li & Jan P. Voon & Jimmy Ran, 2006. "Risk, Uncertainty And China'S Exports ," Australian Economic Papers, Wiley Blackwell, vol. 45(2), pages 158-168, June.

    Cited by:

    1. Hsiao, Yu-Ming & Pan, Sheng-Chieh & Wu, Po-Chin, 2012. "Does the central bank's intervention benefit trade balance? Empirical evidence from China," International Review of Economics & Finance, Elsevier, vol. 21(1), pages 130-139.

  7. Jan Voon & Li Guangzhong & Jimmy Ran, 2006. "Does China really lose from RMB revaluation? Evidence from some export industries," Applied Economics, Taylor & Francis Journals, vol. 38(15), pages 1715-1723.

    Cited by:

    1. Garcia-Herrero, Alicia & Koivu, Tuuli, 2007. "Can the chinese trade surplus be reduced through exchange rate policy?," BOFIT Discussion Papers 6/2007, Bank of Finland, Institute for Economies in Transition.
    2. Meixing Dai, 2011. "Motivations and strategies for a real revaluation of the Yuan," Working Papers of BETA 2011-23, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Alicia García-Herrero & Tuuli Koivu, 2009. "China's exchange rate policy and Asian trade," BIS Working Papers 282, Bank for International Settlements.

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