Zhaoyong Zhang
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View article: Environmental regulation and firm productivity: evidence from China’s new energy industry
Environmental regulation and firm productivity: evidence from China’s new energy industry Open
View article: How does digital finance affect imports, exports and trade balance: Evidence from China
How does digital finance affect imports, exports and trade balance: Evidence from China Open
This paper investigates how digital inclusive finance affects imports and exports as well as foreign trade balance by incorporating the mediating effect of technological innovation and the moderating effect of identified factors. Using pan…
View article: Defining the features and structure of neutralizing antibody targeting the silent face of the SARS‐CoV‐2 spike N‐terminal domain
Defining the features and structure of neutralizing antibody targeting the silent face of the SARS‐CoV‐2 spike N‐terminal domain Open
Research on virus/receptor interactions has uncovered various mechanisms of antibody‐mediated neutralization against severe acute respiratory syndrome coronavirus 2 (SARS‐CoV‐2). However, understanding of neutralization by antibodies targe…
View article: Trivalent SARS-CoV-2 virus-like particle vaccines exhibit broad-spectrum neutralization and protection against XBB.1 and BA.2.86 variants
Trivalent SARS-CoV-2 virus-like particle vaccines exhibit broad-spectrum neutralization and protection against XBB.1 and BA.2.86 variants Open
• RBDs of the WT, BQ.1.1 and XBB.1 variants were genetically fused and displayed on the VLP to create RBDV14 M. • RBDV14 M can induce superior antibody responses against the newly emerged SARS-CoV-2 variants XBB.1, EG.5 and BA.2.86. • RB…
View article: The impact of the Belt and Road Initiative on green innovation and innovation modes: empirical evidence from Chinese listed enterprises
The impact of the Belt and Road Initiative on green innovation and innovation modes: empirical evidence from Chinese listed enterprises Open
Under the Belt and Road Initiative (BRI), promoting green innovation in enterprises has been the central focus of the developmental strategy for China and countries along the Belt and Road to ensure sustainable development in line with the…
View article: Identification of a broad sarbecovirus neutralizing antibody targeting a conserved epitope on the receptor-binding domain
Identification of a broad sarbecovirus neutralizing antibody targeting a conserved epitope on the receptor-binding domain Open
Omicron, as the emerging variant with enhanced vaccine tolerance, has sharply disrupted most therapeutic antibodies. Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) belongs to the subgenus Sarbecovirus, members of which share …
View article: Industrial Diversification, Partner Relatedness, and Shareholder Value of International Joint Ventures
Industrial Diversification, Partner Relatedness, and Shareholder Value of International Joint Ventures Open
View article: Forecasting term structure of the Japanese bond yields in the presence of a liquidity trap
Forecasting term structure of the Japanese bond yields in the presence of a liquidity trap Open
The Nelson–Siegel (NS) model is widely used in practice to fit the term structure of interest rates largely due to its high efficacy in the in‐sample fit and out‐of‐sample forecasting of bond yields. In this paper, we compare forecasting p…
View article: The influence of accounting computer information processing technology on enterprise internal control under panel data simultaneous equation
The influence of accounting computer information processing technology on enterprise internal control under panel data simultaneous equation Open
In order to explore the effect of accounting computer information processing technology on enterprise internal control, this paper puts forward the method of simultaneous equation of panel data. This paper constructs an accounting computer…
View article: The Heterogeneous Impact of Sectoral Foreign Aid Inflows on Sectoral Growth: SUR Evidence from Selected Sub-Saharan African and MENA Countries
The Heterogeneous Impact of Sectoral Foreign Aid Inflows on Sectoral Growth: SUR Evidence from Selected Sub-Saharan African and MENA Countries Open
A great deal of the foreign aid–growth literature finds that the net effect of aggregate aid on total growth appears to be insignificant. This study argues that this aid–growth nexus can be better explained by testing the variation respons…
View article: Two novel human coronavirus OC43 genotypes circulating in hospitalized children with pneumonia in China
Two novel human coronavirus OC43 genotypes circulating in hospitalized children with pneumonia in China Open
HCoV-OC43 is one of the mildly pathogenic coronaviruses with high infection rates in common population. Here, 43 HCoV-OC43 related cases with pneumonia were reported, corresponding genomes of HCoV-OC43 were obtained. Phylogenetic analyses …
View article: Trading Macro-Cycles of Foreign Exchange Markets Using Hybrid Models
Trading Macro-Cycles of Foreign Exchange Markets Using Hybrid Models Open
Most existing studies on forecasting exchange rates focus on predicting next-period returns. In contrast, this study takes the novel approach of forecasting and trading the longer-term trends (macro-cycles) of exchange rates. It proposes a…
View article: Stock Split Rule Changes and Stock Liquidity: Evidence from Bursa Malaysia
Stock Split Rule Changes and Stock Liquidity: Evidence from Bursa Malaysia Open
We test the impact of stock split rule changes on liquidity behavior in Bursa Malaysia during 2004–2020. Using event study methodology, this study examines stock liquidity on and around stock split days through three subperiods of study, i…
View article: Non-Traditional Systemic Risk Contagion within the Chinese Banking Industry
Non-Traditional Systemic Risk Contagion within the Chinese Banking Industry Open
Systemic risk contagion is a key issue in the banking sector in maintaining financial system stability. This study is among the first few to use three different distance-to-risk measures to empirically assess the domestic interbank linkage…
View article: Short-Term Capital Flows, Exchange Rate Expectation and Currency Internationalization: Evidence from China
Short-Term Capital Flows, Exchange Rate Expectation and Currency Internationalization: Evidence from China Open
This paper intended to employ a portfolio approach to assess the effect of exchange rate expectation on Chinese RMB internationalization and empirically test the interactive effects among short-term capital flows, RMB appreciation expectat…
View article: Sustainability and Waste Imports in China: Pollution Haven or Resources Hunting
Sustainability and Waste Imports in China: Pollution Haven or Resources Hunting Open
Motivations behind a country’s importation of waste are categorized into the pollution haven hypothesis (PHH) and the resource hunting hypothesis (RHH). The importation of wastes can lead to environmental sustainability concerns, requiring…
View article: Discovery of a subgenotype of human coronavirus NL63 associated with severe lower respiratory tract infection in China, 2018
Discovery of a subgenotype of human coronavirus NL63 associated with severe lower respiratory tract infection in China, 2018 Open
Human coronavirus NL63 (HCoV-NL63) is primarily associated with common cold in children, elderly and immunocompromised individuals. Outbreaks caused by HCoV-NL63 are rare. Here we report a cluster of HCoV-NL63 cases with severe lower respi…
View article: How Does Split Announcement Affect Stock Liquidity? Evidence from Bursa Malaysia
How Does Split Announcement Affect Stock Liquidity? Evidence from Bursa Malaysia Open
This study examines the impact of stock splits on stock liquidity in Bursa Malaysia from 2004–2018. The study uses event study methodology and investigates liquidity changes, the role of liquidity, and the relationship between abnormal ret…
View article: Sustaining International Trade with China: Does ACFTA Improve ASEAN Export Efficiency?
Sustaining International Trade with China: Does ACFTA Improve ASEAN Export Efficiency? Open
The business of international trade has never been identified as zero-sum. Yet, dependence on regional agreements to provide alternate means for countries to overlook shortcomings persists. China’s recent rise up the trade value-chain has …
View article: Characteristics of three-dimensional fluorescence spectra and its correlation with water quality of surface water during dry and wet seasons in Lake Ebinur Watershed, Xinjiang
Characteristics of three-dimensional fluorescence spectra and its correlation with water quality of surface water during dry and wet seasons in Lake Ebinur Watershed, Xinjiang Open
以艾比湖流域主要入湖河流为研究对象,在5月(丰水期)和8月(枯水期)分别沿博尔塔拉河(博河)和精河进行采样,采用平行因子模型(PARAFAC)和三维荧光区域积分法对水体三维荧光特性进行研究并对其与水质的关系在枯、丰水期下的变化进行探讨.结果表明①河流DOM在枯水期与丰水期都含有C1(240、425 nm) UVC类腐殖质,C2(225、290 nm)紫外区内络氨酸类有机物,C3(230/280、330 nm)蛋白类有机物,C4(265、260 nm)腐殖质类共4种组分.通过…
View article: Complete Genome Sequences of Five Human Coronavirus NL63 Strains Causing Respiratory Illness in Hospitalized Children in China
Complete Genome Sequences of Five Human Coronavirus NL63 Strains Causing Respiratory Illness in Hospitalized Children in China Open
We report the complete genome sequences of five human coronavirus NL63 (HCoV-NL63) strains obtained using next-generation sequencing. The five HCoV-NL63 strains were obtained from hospitalized children with severe acute respiratory infecti…
View article: Volatility Timing in CPF Investment Funds in Singapore: Do They Outperform Non-CPF Funds?
Volatility Timing in CPF Investment Funds in Singapore: Do They Outperform Non-CPF Funds? Open
The purpose of this study is to examine the volatility-timing performance of Singapore-based funds under the Central Provident Fund (CPF) Investment Scheme and non-CPF linked funds by taking into account the currency risk effect on interna…
View article: Exchange Rate Volatility and Disaggregated Manufacturing Exports: Evidence from an Emerging Country
Exchange Rate Volatility and Disaggregated Manufacturing Exports: Evidence from an Emerging Country Open
The link between export performance and exchange rate policy has been attracting attention from policymakers, academics, and practitioners for some time, particularly for emerging countries. It has been recently claimed that implementing a…
View article: RMB Exchange Rates and Volatility Spillover across Financial Markets in China and Japan
RMB Exchange Rates and Volatility Spillover across Financial Markets in China and Japan Open
This study examines empirically the volatility spillover effects between the RMB foreign exchange markets and the stock markets by employing daily returns of the Chinese RMB exchange rates and the stock markets in China and Japan during th…
View article: Does Sustainability Engagement Affect Stock Return Volatility? Evidence from the Chinese Financial Market
Does Sustainability Engagement Affect Stock Return Volatility? Evidence from the Chinese Financial Market Open
This paper examines the impact of firms’ sustainability engagement on their stock returns and volatility by employing the EGARCH and FIGARCH models using data from the major financial firms listed in the Chinese stock market. We find evide…
View article: Efficiency and Risk in Sustaining China’s Food Production and Security: Evidence from Micro-Level Panel Data Analysis of Japonica Rice Production
Efficiency and Risk in Sustaining China’s Food Production and Security: Evidence from Micro-Level Panel Data Analysis of Japonica Rice Production Open
Sustainable food production and food security are always challenging issues in China. This paper constructs a multi-element two-level constant-elasticity-of-substitution (CES) model to assess technological progress in, and its contribution…
View article: Stock split announcement and return volatility:: Evidence from Malaysia
Stock split announcement and return volatility:: Evidence from Malaysia Open
This study examines the impact of stock split announcement on stock return volatility in Bursa Malaysia during 2004-2014. The study uses event study methodology and investigates interaction relationships between various control variables. …
View article: Exchange rate pass-through and inflation in Australia, China and India: a comparative study with disaggregated data
Exchange rate pass-through and inflation in Australia, China and India: a comparative study with disaggregated data Open
This article analyses the exchange rate shocks and its pass-through to various level of prices in
\ntwo emerging economies and one developed country by employing a structural VAR
\nframework over the period 1990-2011. We assess the pass-th…
View article: The Rise of China and Regional Integration in East Asia
The Rise of China and Regional Integration in East Asia Open
Over the past decades, East Asia has achieved one of the most profound economic transformations in recorded history, and has become the most dynamic economic region and one of the most integrated areas in the world. However, regional and e…
View article: Impact of microfinance on poverty alleviation in SAARC countries
Impact of microfinance on poverty alleviation in SAARC countries Open
Poverty remains a concern for many developing economies and microfinance (MF) has emerged as an effective tool for poverty alleviation. Studies on MF and its impact on poverty are mostly based on micro-level household data or entrepreneuri…