Honors Program Theses

Class of 2017

Bingqing He
Empirical Analysis of SSE 180 Index Effect on the China’s Stock Market PDF icon bingqing_he_thesis_nyush_honors_2017.pdf
Thesis Advisor: Jeffrey Wurgler

Chen Zhuang
The Impact of State Ownership on Earning Quality: A Comparison Between Private-owned Enterprises and State-owned Enterprises in China PDF icon chen_zhuang_thesis_nyush_honors_2017.pdf
Thesis Advisor: Paul Zarowin

Chenyang Mei
Trends Observed in the Chinese Peer-to-Peer Lending Market and Expected Changes on the Enactment of Regulations PDF icon chenyang_mei_thesis_nyush_honors_2017.pdf
Thesis Advisor: Theresa Kuchler

Dongning Fang
Analysis of Price-Volume Relationship In 2014-2016 Bull and Bear Markets PDF icon dongning_fang_thesis_nyush_honors_2017.pdf
Thesis Advisor: David Yermack

Fan Yang
Higher Education and Economic Growth in China PDF icon francis_yang_thesis_nyush_honors_2017.pdf
Thesis Advisor: Peter Henry 

Honghong Zhou
Art as an Investment: Risk and Return Characteristics of Chinese Contemporary Art PDF icon honghong_zhou_thesis_nyush_honors_2017.pdf
Thesis Advisor: Philipp Schnabl

Jun Cai
Security Transaction Tax and Its Impact On Trading Volume and Return Volatility: A Stock-Level Approach PDF icon jun_cai_thesis_nyush_honors_2017.pdf
Thesis Advisor: Jeffery Wurgler

Kangni Yu
Risk Identification and Risk Allocation in Greenfield Public-Private Partnerships in China PDF icon kangni_yu_thesis_nyush_honors_2017.pdf
Thesis Advisor: Ingo Walter

Kaijie Wang
Non-performing Loans and its Impacts on Systemic Risk of Commercial Banks in China PDF icon kathy_wang_thesis_nyush_honors_2017.pdf
Thesis Advisor: Matthew Richardson

Qi Lu
Impact of Margin Trading on Chinese Bitcoin Market and Its Recent Reform PDF icon qi_lu_thesis_nyush_honors_2017.pdf
Thesis Advisor: David L. Yermack

Qinmei Chen
Interpreting The Relationship Between Implied And Historical Volatility Through Sentiment AnalysisPDF icon qinmei_chen_thesis_nyush_honors_2017.pdf
Thesis Advisor: Stephen Figlewski

Shijie Yu
Theory and Evidence....Evaluating Bundle-Size Pricing with Simulation PDF icon shijie_yu_thesis_nyush_honors_2017.pdf
Thesis Advisor: Jiawei Zhang

Shuang Hu
RMB Exchange Rate and Stock Return Interactions In Chinese Financial Market: Evidence of CNY, CNH-CNY Spread and Capital Flow Change PDF icon shuang_sophie_hu_thesis_nyush_honors_2017.pdf
Thesis Advisor: Robert F. Whitelaw

Siyao Fang
Cross-listing A-Share and H-Share Stock Price Relationship Study: The Granger Causality Analysis Based on Establishment of Shanghai-Hong Kong Connect PDF icon siyao_fang_thesis_nyush_honors_2017.pdf
Thesis Advisor: Stephen Figlewski

Tiange Ye
An Empirical Study Regards the Bank Level Systemic Risk and Wealth Management Products in China PDF icon tiange_ye_thesis_nyush_honors_2017.pdf
Thesis Advisor: Viral V. Acharya

Tianshu Lyu
On Performance and Persistence of Mutual Funds in China PDF icon tianshu_lyu_thesis_nyush_honors_2017.pdf
Thesis Advisor: Jennifer N. Carpenter

Xi Yang
China’s Cross-border Mergers and Acquisitions: SOE vs. Non-SOE PDF icon xi_yang_thesis_nyush_honors_2017.pdf
Thesis Advisor: Yakov Amihud

Xiaoyu Ma
Will Financial Performance Influence CSR Disclosure? --Empirical Evidence from 422 Chinese A-listed firms PDF icon xiaoyu_ma_thesis_nyush_honors_2017.pdf
Thesis Advisor: Brian Hanssen

Yaofei Wu
Performance Analysis of Shanghai Stock Exchange iVX Index and Its Potential for Risk Management PDF icon yaofei_wu_thesis_nyush_honors_2017.pdf
Thesis Advisor: Menachem Brenner

Zhijian Xu
How Internationalization of the renminbi Contributes to Growing Spillovers from China to the Association of Southeast Asian Nations (ASEAN) Economies PDF icon zhijian_xu_thesis_nyush_honors_2017.pdf
Thesis Advisor: Paul A.Wachtel

Zihuan Zhang
Default Risk Indicator and Transition Matrix of Chinese Listed Companies PDF icon zihuan_zhang_thesis_nyush_honors_2017.pdf
Thesis Advisor: Jiawei Zhang

Class of 2018

Xinyue Chen
Innovation and Acquisition: Can M&A improve innovation capacity for the Chinese Companies? 

PDF icon chen_xinyue_thesis_nyush_honors_2018.pdf
Thesis Advisor: Yiqing Lu

Zhenyu Chen
Research on Governmental Policies Effects on Chinas Real Estate Market (Focusing on Zhejiang Province)

File chen_zhenyu_thesis_nyush_honors_2018.docx
Thesis Advisor: Joseph Foudy

Jiaqi Dong
Analysis of The Sharing Bike Relocation Problem: Shanghai Metro System and Mobike

PDF icon dong_jiaqi_thesis_nyush_honors_2018.pdf
Thesis Advisor: Arun Sundararajan

Yikai Feng
China Concepts Stock Volatility Analysis

File feng_yikai_thesis_nyush_honors_2018.docx
Thesis Advisor: Yuxin Chen

Dian Jin

IPO Underpricing in China and Contributing Factors from the Market with Distinct Characters 

File dian_jin_thesis_nyush_honors_2018.docx

Thesis Advisor: Robert Whitelaw


Zixuan Lin
Psychological Factors behind Risk-Taking Behaviors: Correlational Relations between Personality Traits and Financial Risk Tolerance

 PDF icon lin_zixuan_thesis_nyush_honors_2018.pdf
Thesis Advisor: Yuxin Chen


Yujia Ni
Factors Influencing User Usage of Bike Sharing App in China

File ni_yujia_thesis_nyush_honors_2018.docx
Thesis Advisor: Renyu Zhang

Marcela Railean
Meta-ideas for Shanghais Future in Innovative Entrepreneurship

File railean_marcela_thesis_nyush_honors_2018.docx
Thesis Advisor: Luke Williams

Yuxin Xia
The Short-term Effect of Asset Restructuring on Listed Chinese Companies

Microsoft Office document icon xia_yuxin_thesis_nyush_honors_2018.doc
Thesis Advisor: Jennifer Carpenter

Ying Xin
The Effect of Reputation on Performance of New vs. Established Sellers: An Empirical Study of Chinese Largest E-commerce Platform

PDF icon xin_ying_thesis_nyush_honors_2018.pdf
Thesis Advisor: Yuxin Chen

Haiqing Xu
Liquidity Effects in Chinas Corporate Bond Market

Microsoft Office document icon xu_haiqing_thesis_nyush_honors_2018.doc
Thesis Advisor: Marti G. Subrahmanyam

Tianyu Xu
Analyzing the Chinese Movie Market through A Case Study of Wolf Warrior 2

Microsoft Office document icon xu_tianyu_thesis_nyush_honors_2018.doc
Thesis Advisor: Durairaj Maheswaran

Lin (Angelina) Ye
The impact of Corporate Social Responsibility on Corporate Value: An Empirical Study of Chinese Companies Corporate Sustainability Disclosure and Financial Performance

PDF icon ye_lin_thesis_nyush_honors_2018.pdf
Thesis Advisor: Rodrigo Zeidan

Yiyi Zhang
Mathematical Approaches to Real Time Bidding Strategy (RTB) for Advertising Campaigns for Demand Side Platforms (DSP)

PDF icon zhang_yiyi_thesis_nyush_honors_2018.pdf
Thesis Advisor: Renyu Zhang

Class of 2019

Xiao Bai
A Study on Index Fund Development and Performance in China

PDF icon xiao_bai_thesis_nyush_honors_2019.pdf
Thesis Advisor: Martin Gruber


Yijie Chen
International Tourism Consumption and Its Economic Impact on Destinations: Evidence From Chinese Outbound Tourists

PDF icon yijie_chen_thesis_nyush_honors_2019.pdf
Thesis Advisor: Yiqing Lu


Minghao Chi
The Return Pattern Difference and Volatility Surface Difference of Dual-listed Chinese Company between Chinese and the U.S. Market

Microsoft Office document icon minghao_chi_thesis_nyush_honors_2019.doc
Thesis Advisor: Marti Subrahmanyam


Dillon Fournier
China's Currency Market Shocks and Corporate Bond Issuance

PDF icon dillon_fournier_thesis_nyush_honors_2019.pdf
Thesis Advisor: Rodrigo Zeidan


Tri Hoang

Does Poverty Stifle Dreams? Parental Aspirations for Childen's Education

PDF icon tri_hoang_thesis_nyush_honors_2019.pdf

Thesis Advisor: Pei Gao


Jiachen Huang

Measuring the Spatial Effect of Public Transportation: An Empirical Study on Rental Price and Metro Stations in Shanghai

PDF icon jiachen_huang_thesis_nyush_honors_2019.pdf

Thesis Advisor: Enric Junque de Fortuny


Chenghao Li
Examing the Influence of the Volcker Rule on Post-Crisis Credit Risk Management Conditions in the U.S. Financial Institutions

PDF icon chenghao_li_thesis_nyush_honors_2019.pdf

Thesis Advisor: Anthony Saunders


Yilun Li
Impact of Automation on Labor Market and Income Inequality

PDF icon yilun_li_thesis_nyush_honors_2019.pdf
Thesis Advisor: Boyan Jovanovic


Yitao Liu
The Effect of China-U.S. Trade Dispute and Tariffs on Soybean-Related Futures Markets

PDF icon yitao_liu_thesis_nyush_honors_2019.pdf
Thesis Advisor: Menachem Brenner


Jiayun Qu
Analysis of Concert Ticket Pricing Strategy in China Online Secondary Market

File jiayun_qu_thesis_nyush_honors_2019.docx
Thesis Advisor: Yuxin Chen


Yufeng Shi
Optimal Price Strategy for the Sellers in the Steam Market

File yufeng_shi_thesis_nyush_honors_2019.docx
Thesis Advisor: John Lazarev


Yanbing Wang
Analyzing Corporate Debt Sustainability in China's State-Owned Enterprises

File yanbing_wang_thesis_nyush_honors_2019.docx
Thesis Advisor: Pricila Maziero


Yuxin Wu
The Effects of Soccer Betting Odds and Soccer Game Results on Public Listed Soccer Club Share Returns

File yuxin_wu_thesis_nyush_honors_2019.docx
Thesis Advisor: Anthony Saunders


Yanbo Yang
Investigation of Chinese Yuan/US Dollar Exchange Rates at High Frequency

File yanbo_yang_thesis_nyush_honors_2019.docx
Thesis Advisor: Joel Hasbrouck 


Kehang Zhang
The Influence of Retirement on the Living Arrangements of the Old People in China: Evidence from the CHARLS Survey Data

PDF icon kehang_zhang_thesis_nyush_honors_2019.pdf
Thesis Advisor: Guodong Chen

Class of 2020

Qinfei Chen

Firm Preference and Market Reaction to Private Placement vs. Rights Offering:Evidence from China

PDF icon qinfei_chen_thesis_nyush_honors_2020.pdf
Thesis Advisor: Guodong Chen 


Zhiyu Chen
A Study on Pricing Efficiency of Exchange-Traded Funds: Empirical Evidences from China

File zhiyu_chen_thesis_nyush_honors_2020.docx
Thesis Advisor: Jeffery Wurgler


Lu Guo
Systematic Trading Strategies of SSE Composite Index

File lu_guo_thesis_nyush_honors_2020.docx
Thesis Advisor: Vasant Dhar


Anpu Li
A Study on China’s Online P2P Lending Platforms

File anpu_li_thesis_nyush_honors_2020.docx
Thesis Advisor: Guodong Chen


Zhuoyou Li

The A-H Premium and Its Impact On the Seasoned Equity Offerings of Dual-listed Companies

PDF icon zhuoyou_li_thesis_nyush_honors_2020.pdf

Thesis Advisor: Jennifer Carpenter


Wenyi Liu

Intergenerational Monetary Support: for the Elderly vs. for Childern

Microsoft Office document icon wenyi_liu_thesis_nyush_honors_2020.doc

Thesis Advisor: Pei Gao


Ziyun Lu
Implied Volatility of SSE 50 ETF Option: Price-Volatility Relationship and Predictive Power

File ziyun_lu_thesis_nyush_honors_2020.docx
Thesis Advisor: Dan Wang 


Ninglu Ma
Replication of Hedge Fund Daily Return with Machine Learning

File ninglu_ma_thesis_nyush_honors_2020.docx
Thesis Advisor: Yuxin Chen


Yunjie Song 
Intergenerational Wealth Mobility in South Korea: Evidence from the Korean Labor & Income Panel Study (KLIPS)

File yunjie_song_thesis_nyush_honors_2020.docx

Thesis Advisor: Jess Benhabib 


Yu Xu
Decentralized Finance in China: Viable Solutions in Blockchain Infrastructures

File yu_xu_thesis_nyush_honors_2020.docx
Thesis Advisor: Yannis Bakos 


Qianchun Yuan
The Socio-political-economic Factors Driving Deforestation in the Brazilian Amazon

File qianchun_yuan_thesis_nyush_honors_2020.docx
Thesis Advisor: Rodrigo Zeidan


Yue Yu
Analysis of High Frequency VIX and its Predictive Power in the Chinese Market

File yue_yu_thesis_nyush_honors_2020.docx
Thesis Advisor: Menachem Brenner


Siqi Zhang
Analyzing Performance of FinTech Companies and the Problems in FinTech Valuation

File siqi_zhang_thesis_nyush_honors_2020.docx
Thesis Advisor: Ming Liao


Jiaxin Zheng
Research for Customer Insight of Genetic Testing & Communication Strategies

File jiaxin_zheng_thesis_nyush_honors_2020.docx
Thesis Advisor: Dengfeng Yan

Class of 2021

Yuezhou Cai
A New Four-Factor Model for Pricing China's Small Stocks PDF icon yuezhou_cai_thesis_nyush_honors_2021.pdf
Thesis Advisor: Jennifer Carpenter


Meichen Chen
Operation Ceasefire: Violent Crime, Mechanism Design, and the Option Value of Change PDF icon meichen_chen_thesis_nyush_honors_2021.pdf
Thesis Advisor: Sylvain Chassang


Isabella Malixi 
China and the Impact of COVID-19 on Asian Stock Markets PDF icon isabella_malixi_thesis_nyush_honors_2021.pdf
Thesis Advisor: Matthew Richardson


Yuejiao Qiu
Leverage and Firm Performance: Empirical Evidence from East Asia - China, Japan, and Korea PDF icon yuejiao_qiu_thesis_nyush_honors_2021.pdf
Thesis Advisor: Guodong Chen


Ziyi Shen
The Reaction of Stock Market Indexes to COVID-19 Infections and its Variations Across Industries PDF icon angelina_ziyi_shen_thesis_nyush_honors_2021.pdf
Thesis Advisor: Xin Zhou


Dashan Wang
An Empirical Study on Cryptocurrency Market in Hong Kong: Can Website Ratings Predict the Success of Initial Coin Offerings? PDF icon dashan_wang_thesis_nyush_honors_2021.pdf
Thesis Advisor: Ilaf Elard


Huanci Wang
Factual Evidence for Casual Classification: Treatment Effect versus Outcome Prediction File huanci_wang_thesis_nyush_honors_2021.docx
Thesis Advisor: Foster Provost


Xinyu Wang
Empirical Evidence for Fintech's Influence on Economic Development of China File xinyu_wang_thesis_nyush_honors_2021.docx
Thesis Advisor: Yiqing lv


Ziheng Wang‌
Synthetic Control Methods: Evaluating the Effect of the Pandemic on User Engagement of DingTalk in Hubei File ziheng_wang_thesis_nyush_honors_2021.docx
Thesis Advisor: Renyu Zhang


Yitong Xu
Luckin Coffee: Analyst Recommendation Optimism Microsoft Office document icon yitong_xu_thesis_nyush_honors_2021.doc
Thesis Advisor: Jeffery Wurgler


Zhihao Xu
An Unified Cross-Validatory Approach to HAC Standard Error Estimation PDF icon zhihao_tony_xu_thesis_nyush_honors_2021.pdf.pdf
Thesis Advisor: Clifford Hurvich


Like Yang
Effectice Navigation among the Lines: Factors Influencing the Qualities of Airlines' Sustainability Disclosure File like_yang_thesis_nyush_honors_2021.docx
Thesis Advisor: Rodrigo Zeidan


Mi Zhou
Analyzing Social Media Marketing Strategies of Luxury Brands in China File mi_zhou_thesis_nyush_honors_2021.docx
Thesis Advisor: Dengfeng Yan


Xu Zhu
Wage Change of Immigrants to the United States: A Human Capital Approach PDF icon xu_zhu_thesis_nyush_honors_2021.pdf
Thesis Advisor: William Easterly


Yifei Zou
Does Surprising Sports News Affect Stock Prices of Soccer Clubs? PDF icon yifei_zou_thesis_nyush_honors_2021.pdf
Thesis Advisor: Johannes Stroebel


Class of 2022

Xilin Chen
Merrill Lynch Option Volatility Estimate Index and Short-Term Yield Curve Analysis: Empirical Evidence File xilin_chen_thesis_nyush_honors_2022.docx
Thesis Advisor: Menachem Brenner

Qinci Li 
What Gets Unveiled, What Gets Managed: Reassessing Incentives for Companies to Disclose Carbon Emission Data File qinci_li_thesis_nyush_honors_2022.docx
Thesis Advisor: Kose John

Yuxuan Li 
Event Study: The Effect of “Double Reduction” Policy on Chinese Education Stocks File yuxuan_li_thesis_nyush_honors_2022.docx
Thesis Advisor: Yuxin Chen

Sachi Shetty 
Internet’s Effect on Healthcare Consumption File sachi_shetty_thesis_nyush_honors_2022.docx
Thesis Advisor: Sherry Glied

Micah Snow
The Effect of Environmental Regulation on Financial Performance of Chinese SOEs File micah_snow_thesis_nyush_honors_2022.docx
Thesis Advisor: Jeffrey Wurgler 

Jingzhi Xu
The Impact of Corruption on the Extensive and Intensive Margins of the Foreign Direct Investment File jingzhi_xu_thesis_nyush_honors_2022.docx
Thesis Advisor: William Easterly

Ke Xu 
Empirical Study on the Optimized Currency Basket for Aircraft Transaction Based on the Special Drawing Rights File ke_xu_thesis_nyush_honors_2022.docx
Thesis Advisor: Da (David) Yu

Wenyu Xu
Is the Industry Index Fund Telling the Truth? — A Study on the Aging Industry Stock Index in China File wenyu_xu_thesis_nyush_honors_2022.docx
Thesis Advisor: Matthew Richardson

Yihan Xu
Bilateral Trade in Services: Data Analysis for Countries with Heterogeneous Cultural Attributes PDF icon yihan_xu_thesis_nyush_honors_2022.pdf
Thesis Advisor: Lawrence J. White  

Yuxuan Wang 
Investigating the Regional Differences in the Chinese Birth Rate during Population Policy Transitions File yuxuan_wang_thesis_nyush_honors_2022.docx
Thesis Advisor: Simon Bowmaker

Ling'er Zhang  
The Impact of Perceived Probability & Entertainment Utility in the Chinese Blind Box Economy File linger_zhang_thesis_nyush_honors.docx
Thesis Advisor: Ye (Wendy) Jin 

Xuyou Zhang
Leverage Effects in Stock Return Volatility: A China – US Comparison PDF icon xuyou_zhang_thesis_nyush_honors_2022.pdf
Thesis Advisor: Jennifer Carpenter

Yanru Zhu 
Sustainable Transformation of Traditional Chinese Music Industry File yanru_zhu_thesis_nyush_honors_2022.docx
Thesis Advisor: Adam Brandenburger