Asian Bureau of Finance and Economic Research

Next in our poster presentation series, we feature Qianshu Zhang of University of Hong Kong, presenting “Asset Heterogeneity and Uncommon Factors”.

The paper examines how asset pricing relationships can vary across different groups of assets and macroeconomic regimes. It finds that some factors explain returns only within specific subsets of U.S. equities, highlighting the importance of asset-specific and state-dependent approaches to factor selection.

Watch the video or explore the full poster session: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026

Our poster presentation series continues with Tianping Wu of University of British Columbia, presenting “The Political Economy of Home Buying.”

The paper examines how political partisanship shapes home-buying decisions in the United States. It finds that partisan alignment can influence when individuals purchase homes, their housing market expectations, and local housing market outcomes. Watch the video or explore the full poster session: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026

This poster presentation highlights Chinhui Hsieh of Nanyang Business School, presenting “Social Movement and Gender Disparities in Promotions: Evidence from the Movement”.

The paper examines how the movement affected gender disparities in managerial promotions. It finds that the movement helped narrow the gender promotion gap, particularly in firms with stronger sexist cultures, and reshaped managerial mobility and firm-level dynamics.

Watch the video or read more here: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026

Next in our poster presentation series, Ruilin Cheng of Peking University presents “The Rise of Government Venture Capital in China.”

The paper examines how government venture capital has become an increasingly important industrial policy tool in China, with effects on firm entry, innovation, and private VC investment.

Watch the video for a brief overview of the paper’s key findings, or visit the full poster session page: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026

In this video from our poster presentation series, Ruiqi Ding of Singapore Management University presents “From Gray Income to Maternal and Infant Health Gains: The Impact of Anti-Corruption Inspections in Chinese Hospitals”.

The paper examines how anti-corruption inspections in Chinese hospitals affect physician behavior and patient outcomes. It finds that inspections shifted provider incentives away from pharmaceutical rents and toward service provision, contributing to improved maternal and infant health outcomes.

Watch the video for a brief overview of the paper’s key findings, or visit the full poster session page: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026

In this video from our poster presentation series, we feature Rundong Wang of Peking University, presenting “Supply Chain Industrial Policy, Local Entry, and Stock Returns”.

The paper examines how China’s supply chain industrial policies affect local firms by supporting supplier and customer industries. It finds that these policies can encourage local supplier and customer entry, improve firm performance, and contribute to firm value through localized supply-chain effects.

Watch the video for a brief overview of the paper’s key findings, or visit the full poster session page: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026

Our conference poster presentation series continues with Yichen Wang of Shanghai Jiao Tong University, who presents “Trade Diversion and Government-Led Credit Provision: Evidence from China’s VAT Rebate Loan Program”.

The paper examines how domestic credit policy shapes firms’ responses to foreign trade barriers. It finds that China’s VAT rebate loan program helps affected firms maintain sales to targeted export destinations, while reducing trade diversion to other markets. Watch the video for a brief overview of the paper’s key findings.

As part of our conference poster presentation series, we are pleased to feature Dongcheng Yang of Columbia University, winner of the 2nd Runner-up award, presenting “Distorted by Design: Size-Dependent Guarantees and Capital Misallocation.”

The paper shows that size-based credit guarantees can distort firm growth and resource allocation, with broader welfare costs for the economy. Watch the video for a brief overview of the paper’s key findings.

As part of our conference poster presentation series, we are pleased to feature Qilin HUANG of The Chinese University of Hong Kong 香港中文大學 - CUHK, winner of the 1st Runner-up award, presenting “Friends and Fi****ms: Social Ties and Gun Demand After Distant Mass Shootings.”

The paper shows that social ties can influence gun demand after distant mass shootings, highlighting the role of networks in shaping responses to traumatic events. Watch the video for a brief overview of the paper’s key findings.

Watch the video for a brief overview, and explore the full series here: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026

As part of our conference poster presentation series, we are pleased to feature Zhongxi ZHENG of the National University of Singapore, winner of the Best Poster award, presenting “Regional Financial Crises”.

The paper shows that regional financial crises have substantial local and neighbouring economic costs, and that regionally concentrated distress helps explain national output beyond broad crisis indicators. Watch the video for a brief overview of the paper’s key findings.

To view the full poster session series, visit: https://www.abfer.org/events/abfer-events/annual-conference/442:posters-2026