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Cambridge Endowment for Research in Finance (CERF)

 

Ting Yu (CJBS) 

Title of research proposal:How stock liquidity impacts firm innovation?

Innovation has long been of great interest to the academia given its importance for the firm-and national-level competitiveness.Innovation enhances firms’long-term competitive advantages(Porter, 1992)and is crucial to economic growth(Solow, 1957;Romer, 1990). Existing literature has shown that financial analysts(He and Tian, 2013), CEO connections (Faleye, Kovacs, and Venkateswaran, 2014),insider trading (Levine, Lin, and Wei, 2017),bank interventions (Gu, Mao, and Tian, 2017)and stock market liberalization (Moshirian, Tian, Zhang, and Zhang, 2019) affect firm innovation.

Project Update - August 2021

Project Update - April 2021

Latest news

Best Student Paper Award 2021 - winners announced

18 June 2021

For the last 13 years, Cambridge Finance is offering its Best Student Paper Award. The award comprises a cash honorarium of £1,000 and a certificate is awarded to the author of the best student paper in finance presented during the 2020-2021 academic year.

Best Student Paper Award 2021 - competition is now open

12 February 2021

For the last 13 years, Cambridge Finance is offering its Best Student Paper Award. The award comprises a cash honorarium of £1,000 and a certificate is awarded to the author of the best student paper in finance presented during the 2020-2021 academic year.