Access Statistics for Tao Chen

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Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Financial Flexibility and Corporate Cash PolicyAbstract: Debt capacity creates financial flexibility and collateral-based debt capacity is the least sensitive to cash flow shocks. Using variation in real estate prices as exogenous shocks to corporate financing capacity, we investigate the causal effects of financial flexibility on firms¡¯ cash policies. We find strong evidence that increases in debt capacity lead to smaller corporate cash reserves and declines in the marginal value of cash holdings. We further find that the decrease in cash holdings is more pronounced in firms with higher hedging needs, greater investment opportunities, financial constraints, better corporate governance and lower local real estate price volatility 0 0 0 162 0 4 19 585
Financial Innovation: The Bright and the Dark Sides 0 0 4 414 0 1 18 1,314
Total Working Papers 0 0 4 576 0 5 37 1,899

Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Analyst coverage, executive compensation and corporate risk‐taking: Evidence from property–casualty insurance firms 0 0 5 5 0 0 6 7
Bank deregulation and corporate environmental performance 1 1 1 6 1 3 17 35
Do analysts matter for governance? Evidence from natural experiments 0 0 2 213 1 2 13 922
Does Information Asymmetry Affect Corporate Tax Aggressiveness? 0 0 0 37 0 2 5 124
Does credit rating conservatism matter for corporate tax avoidance? 0 1 1 7 0 4 4 18
Dual Ownership and Risk-Taking Incentives in Managerial Compensation* 0 0 5 5 1 1 14 14
Finance and Firm Volatility: Evidence from Small Business Lending in China 1 3 33 60 2 7 58 107
Financial innovation: The bright and the dark sides 2 5 24 300 9 23 99 1,126
Globalization and U.S. Corporate Tax Policies: Evidence from Import Competition 1 2 15 19 2 4 31 39
How does analysts' forecast quality relate to corporate investment efficiency? 1 1 2 50 1 4 10 278
Institutional shareholders and corporate social responsibility 2 3 31 286 7 11 110 938
Institutions, board structure, and corporate performance: Evidence from Chinese firms 0 1 5 78 0 6 18 269
Marginal cost of risk-based capital and risk-taking 0 0 1 14 0 0 3 50
Tariff uncertainty and firm innovation: Evidence from the U.S.–China Permanent Normal Trade Relation 0 0 0 10 3 3 12 55
The Unintended Consequence of Land Finance: Evidence from Corporate Tax Avoidance 1 1 6 7 2 8 38 45
What influences demand for Buy Now, Pay Later credit? 1 2 9 9 2 8 22 22
Windfalls of emperors' sojourns: Stock market reactions to Chinese firms hosting high-ranking government officials 0 0 0 9 0 0 4 79
Total Journal Articles 10 20 140 1,115 31 86 464 4,128

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Statistics updated 2025-05-12