Global Minds, Local Gains: A Tale of US-China AI Talent Migration

Hanming Fang¹, Xian Gu², Hanyin Yan³, Wu Zhu³

1: Department of Economics, University of Pennsylvania; 2: Department of Finance, Durham University; 3: School of Economics and Management, Tsinghua University

Frequent Stress Tests

Deepal Basak¹, Mayur Choudhary², Zhen Zhou³

1: Kelley School of Business, Indiana University; 2: London Business School; 3: PBC School of Finance, Tsinghua University, China, People's Republic of

Scared Away: Credit Demand Response to Expected Motherhood Penalty in the Labor Market

Darwin Choi¹, Zhenyu Gao², Sing-Sen Lam³, Tian Li⁴, Wenlan Qian⁵

1: Hong Kong University of Science and Technology, Hong Kong S.A.R. (China); 2: Chinese University of Hong Kong; 3: Sun Yat-Sen University; 4: TCL Corporate Research(HK) Co., Ltd; 5: National University of Singapore

Knowledge Network and Asset Pricing

Gang Zhang¹, Po-Hsuan Hsu², Erica Li³, Huijun Wang⁴

1: International School of Finance, Fudan University; 2: National Tsing Hua University; 3: Cheung Kong Graduate School of Business; 4: Auburn University

Distant Investments: Decoding Mutual Fund Skills with Large Language Models

Xiyuan Ma¹, Matthew Spiegel², Hong Zhang¹, Yijun Zhou³

1: Singapore Management University; 2: Yale University; 3: City University of New York

Uninsured Deposits, Run Risk, and Bank Stock Returns

Jack Bao¹, Claire Yurong Hong², Kewei Hou³, Thien Nguyen⁴

1: University of Delaware; 2: SAIF, Shanghai Jiao Tong University; 3: Ohio State University; 4: Federal Reserve Board

The Impact of Finfluencers on Retail Investment

Isaiah Hull¹, Yingjie Qi²

1: CogniFrame, Inc.; 2: Copenhagen Business School, Denmark

Rethinking Exchange Rate Exposure in Equity Markets Through International Trade Networks

Seo Ha Kim², Sungjune Pyun¹

1: Yonsei University, Korea, Republic of (South Korea); 2: Stanford University, Stanford, CA

Data, Markups, and Asset Prices

Alexandre Corhay¹, Jun Li², Jincheng Tong¹, Ben Tsou³, Kejia Hu⁴

1: University of Toronto, Canada; 2: University of Warwick; 3: University of Manchester; 4: University of Oxford

Bank Expertise and Structural Transformation

Yu Yi¹, Gang Zhang², Shengxing Zhang³

1: Nankai University, China, People's Republic of; 2: Fudan University; 3: Carnegie Mellon University, Tepper School of Business

Digital Transmission of Financial Knowledge: Evidence from Stock Market Investment

Xiaomin Guo¹, Yi Huang², Qi Sun³, Bernard Yeung^1,4,5

1: SUSTech Business School; 2: Bank for International Settlements (BIS); 3: Shanghai University of Finance and Economics; 4: the National Univer sity of Singapore Business School; 5: ABFER

The Carbon Risk Premium Revisited: The Role of\\ Production Networks

Shubo Kou¹, Kai Li², Minghao Li³, Wu Zhu⁴

1: Nankai University; 2: Peking University; 3: Peking University; 4: Tsinghua University