{"id":54467,"date":"2020-08-31T05:16:07","date_gmt":"2020-08-30T21:16:07","guid":{"rendered":"https:\/\/www.fbe.hku.hk\/%e7%a0%94%e7%a9%b6\/thought-leadership\/research-impacts\/"},"modified":"2020-11-26T12:01:43","modified_gmt":"2020-11-26T04:01:43","slug":"research-impacts","status":"publish","type":"page","link":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/research-impacts\/","title":{"rendered":"\u7814\u7a76\u7126\u9ede"},"content":{"rendered":"\t\t
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\"\u63a2\u7d22\u300aImpact<\/a><\/span><\/div><\/div>
\u63a2\u7d22\u300aImpact Factors\u300b \u6d1e\u5bdf\u771f\u77e5\u707c\u898b\uff01<\/a><\/div>
If we knew what it was we were doing, it would not be called research, would it? -- Albert Einstein<\/div>
1 Jun 2026<\/div>
\u6559\u5b78\u4eba\u54e1<\/div>
<\/i>Impact Factors<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
\"Information-Seeking<\/a><\/span><\/div><\/div>
Information-Seeking Lobbying and Strategic Stockpiling under Trade Policy Uncertainty<\/a><\/div>
Prof. Bo YANG<\/i><\/a><\/div>
This study investigates how firms engage in information-seeking lobbying to address trade policy uncertainty. I argue that lobbying enables firms to gain early insights into forthcoming tariff actions, allowing them to strategically stockpile products likely to be targeted. Using shipping records of US firms during the 2018 US\u2013China trade war, I find that lobbying firms increased imports of soon-to-be-tariffed products before tariff lists were publicly released, compared to non-lobbying firms. This selective stockpiling pattern disappeared after tariff announcements. Further analysis shows that lobbying firms were less likely to request tariff exemptions for products they had preemptively stockpiled, suggesting that information-seeking lobbying during policy formulation provides an additional benefit by reducing the need for costly government engagement during the implementation phase.<\/div>
August 2026<\/div>
Strategic Management Journal<\/div>
<\/i>External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"Dirty<\/a><\/span><\/div><\/div>
Dirty Air and Green Investments: The Impact of Pollution Information on Portfolio Allocations<\/a><\/div>
Prof. Jian ZHANG<\/i><\/a><\/div>
We study whether access to local pollution information causes investors to make greener portfolio allocations, exploiting the rollout of air quality monitoring stations in India. Using a triple-differences framework on the trading records of 19 million investors, we show that retail investors\u2019 holdings in \u201cbrown\u201d stocks become more negatively related to local pollution after a nearby station appears. This effect is more pronounced on \u201calert\u201d dates when air quality is reported to be harmful. The effect is strongest among tech-savvy investors likely \u201ctreated\u201d by real-time pollution data, and younger investors, who may be more sensitive to environmental concerns.\r\n<\/div>
August 2026<\/div>
Journal of Financial Economics<\/div>
<\/i>External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"\u5c0f\u7d05\u66f8\u524d\u54e1\u5de5\u8de8\u5883\u5be6\u540d\u8209\u5831\uff0c\u50b3\u805e\u4e2d\u7684\u8d74\u6e2f\u4e0a\u5e02\u8a08\u5283\u6703\u6709\u8b8a\u5316\u55ce\uff1f\"<\/a><\/span><\/div><\/div>
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\u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u7684\u5b5f\u8339\u975c\u6559\u6388\u63a5\u53d7\u300aBBC News\u4e2d\u6587\u300b\u8a2a\u554f\u6642\u8868\u793a\uff0c\u5be6\u540d\u8209\u5831\u5c0d\u65bcIPO\u7684\u5f71\u97ff\u8996\u4e4e\u8209\u5831\u5167\u5bb9\u7684\u56b4\u91cd\u6027\uff0c\u5982\u6d89\u53ca\u516c\u53f8\u80a1\u6b0a\u67b6\u69cb\u3001\u6cd5\u5f8b\u5408\u898f\u7b49\u7bc4\u7c4c\uff0c\u76e3\u7ba1\u6a5f\u69cb\u6216\u6703\u8981\u6c42\u516c\u53f8\u4f5c\u51fa\u9032\u4e00\u6b65\u89e3\u91cb\u6216\u5c55\u958b\u8abf\u67e5\u3002<\/div>
15 Jul 2026<\/div>
\u6559\u5b78\u4eba\u54e1<\/div>
<\/i>BBC News\u4e2d\u6587<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"\u600e\u6a23\u7684\u8cc7\u672c\u8cec\u6236\u958b\u653e\u624d\u5c0d\u4e00\u500b\u570b\u5bb6\u6700\u6709\u5229\uff1f\"<\/a><\/span><\/div><\/div>
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Prof. Xiang FANG<\/i><\/a><\/div>
\u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u7684\u65b9\u7fd4\u6559\u6388\u5728\u63a5\u53d7\u300a\u4fe1\u5831\u6708\u520a\u300b\u8a2a\u554f\u6642\u6307\u51fa\uff0c\u5b8c\u5168\u81ea\u7531\u7684\u8cc7\u672c\u6d41\u52d5\u4e26\u975e\u89e3\u6c7a\u7d93\u6fdf\u554f\u984c\u7684\u300c\u842c\u80fd\u9748\u85e5\u300d\u3002\u7279\u5225\u662f\u57282008 \u5e74\u570b\u969b\u91d1\u878d\u5371\u6a5f\u4e4b\u5f8c\uff0c\u8cc7\u672c\u8cec\u6236\u5b8c\u5168\u958b\u653e\u4e26\u4e0d\u5fc5\u7136\u662f\u6700\u512a\u9078\u9805\uff0c\u5df2\u6210\u70ba\u57fa\u672c\u5171\u8b58\u3002<\/div>
15 Jul 2026<\/div>
\u6559\u5b78\u4eba\u54e1<\/div>
<\/i>\u4fe1\u5831\u6708\u520a<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
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Dr. Y. F. LUK<\/i><\/a><\/div>
\u7d0420\u5e74\u524d\uff0c\u5168\u7403\u7d93\u6fdf\u7684\u4e00\u500b\u91cd\u8981\u8b70\u984c\u662f\u7d93\u5e38\u5e33\u5931\u8861\u3002\u7d93\u5e38\u5e33\u5305\u62ec\u5546\u54c1\u548c\u670d\u52d9\u9032\u51fa\u53e3\uff0c\u53ca\u548c\u5916\u570b\u4e92\u76f8\u6295\u8cc7\u7684\u56de\u5831\u5dee\u984d\uff0c\u800c\u4ee5\u524d\u8005\u70ba\u4e3b\u3002\u7d93\u5e38\u5e33\u5931\u8861\uff0c\u53ef\u8996\u70ba\u8cbf\u6613\u5931\u8861\uff0c\u5373\u8846\u591a\u7d93\u6fdf\u9ad4\u7684\u8cbf\u6613\u76c8\u9918\u6216\u8d64\u5b57\uff0c\u4f5c\u70baGDP\u7684\u6bd4\u4f8b\u6301\u7e8c\u5b58\u5728\u751a\u81f3\u589e\u52a0\u3002<\/div>
15 Jul 2026<\/div>
\u6559\u5b78\u4eba\u54e1<\/div><\/div><\/div><\/div><\/div>
\"Web3\u5e36\u52d5\u5168\u7403\u6578\u5b57\u91d1\u878d\u6dd8\u6c70\u8cfd\u5347\u7d1a\uff1a\u9999\u6e2f\u80fd\u5426\u771f\u6b63\u7acb\u65bc\u4e0d\u6557\u4e4b\u5730\uff1f\"<\/a><\/span><\/div><\/div>
Web3\u5e36\u52d5\u5168\u7403\u6578\u5b57\u91d1\u878d\u6dd8\u6c70\u8cfd\u5347\u7d1a\uff1a\u9999\u6e2f\u80fd\u5426\u771f\u6b63\u7acb\u65bc\u4e0d\u6557\u4e4b\u5730\uff1f<\/a><\/div>
Prof. Yulin FANG<\/i><\/a><\/div>
\u65b0\u52a0\u5761\u3001\u675c\u62dc\u3001\u7f8e\u570b\u6b63\u5168\u529b\u6436\u4f54\u6578\u5b57\u91d1\u878d\u4e3b\u5c0e\u6b0a\u3002\u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u5275\u65b0\u53ca\u8cc7\u8a0a\u7ba1\u7406\u5b78\u6559\u6388\u65b9\u923a\u9e9f\u6559\u6388\u8fd1\u65e5\u5728\u300a\u5927\u516c\u5831\u300b\u64b0\u6587\u6307\u51fa\uff0c\u5982\u679c\u9999\u6e2f\u8981\u4fdd\u6301\u7af6\u722d\u529b\uff0c\u5c31\u8981\u4ee5 Web3\u52a0\u5feb\u9999\u6e2f\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5275\u65b0\u5347\u7d1a\u3002<\/div>
10 Jul 2026<\/div>
\u6559\u5b78\u4eba\u54e1<\/div>
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Prof. Zhiwu CHEN<\/i><\/a><\/div>
\u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u91d1\u878d\u5b78\u8b1b\u5ea7\u6559\u6388\u9673\u5fd7\u6b66\u6307\u51fa\uff0c\u6b64\u73fe\u8c61\u53cd\u6620\u7a05\u52d9\u5fb5\u7ba1\u4e0a\u7684\u6df1\u5c64\u6311\u6230\u3002\u96fb\u8166\u7cfb\u7d71\u96d6\u4ee4\u7a05\u52d9\u6a5f\u95dc\u8f03\u6613\u638c\u63e1\u50b3\u7d71\u85aa\u916c\u6536\u5165\u8cc7\u6599\uff0c\u60df\u7db2\u7d61\u4e3b\u64ad\u53ca\u5176\u540d\u4e0b\u7db2\u5e97\u7684\u5be6\u969b\u6536\u5165\uff0c\u4ecd\u7136\u9060\u70ba\u96b1\u853d\u96e3\u67e5\u3002<\/div>
10 Jul 2026<\/div>
\u6559\u5b78\u4eba\u54e1<\/div>
<\/i>\u5357\u83ef\u65e9\u5831\uff08\u82f1\u6587\uff09<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"\u6700\u300c\u8070\u660e\u300d\u7684AI\u672a\u5fc5\u662f\u6700\u512a\u79c0\u7684AI\u4ea4\u6613\u54e1\"<\/a><\/span><\/div><\/div>
\u6700\u300c\u8070\u660e\u300d\u7684AI\u672a\u5fc5\u662f\u6700\u512a\u79c0\u7684AI\u4ea4\u6613\u54e1<\/a><\/div>
Prof. Zhenhui Jack JIANG<\/i><\/a><\/div>
\u8fd1\u671f\uff0cInteractive Brokers \u5ba3\u4f48\uff0c\u7528\u6236\u53ef\u5c07 ChatGPT\u3001Claude\u3001Grok \u7b49\u5927\u8a9e\u8a00\u6a21\u578b\u76f4\u63a5\u63a5\u5165\u6295\u8cc7\u8cec\u6236\uff0c\u7528\u65bc\u5e02\u5834\u7814\u7a76\u3001\u6295\u8cc7\u7d44\u5408\u5206\u6790\uff0c\u4e43\u81f3\u751f\u6210\u4ea4\u6613\u6307\u4ee4\u3002 \u5927\u8a9e\u8a00\u6a21\u578b\u6b63\u5f9e\u300c\u56de\u7b54\u554f\u984c\u300d\u300c\u751f\u6210\u5167\u5bb9\u300d\u7684\u5c0d\u8a71\u5de5\u5177\uff0c\u6f14\u5316\u70ba\u80fd\u8abf\u7528\u5916\u90e8\u5de5\u5177\u3001\u9023\u63a5\u771f\u5be6\u7cfb\u7d71\u3001\u53c3\u8207\u8907\u96dc\u6c7a\u7b56\u7684\u667a\u80fd\u9ad4\u3002 <\/div>
9 Jul 2026<\/div><\/div><\/div><\/div><\/div>
\"\u81a0\u6a3d\u9032\u586b\u57cb\u00a0\u00a0<\/a><\/span><\/div><\/div>
\u81a0\u6a3d\u9032\u586b\u57cb\u00a0\u00a0 \u6e1b\u5851\u96e3\u9589\u74b0<\/a><\/div>
Prof. Guojun He<\/i><\/a><\/div>
\u4f60\u628a\u559d\u5269\u7684\u534a\u652f\u84b8\u993e\u6c34\u5012\u6389\uff0c\u7136\u5f8c\u628a\u81a0\u6a3d\u9023\u84cb\u5e36\u6a19\u7c64\u6295\u9032\u8857\u89d2\u7684\u5561\u8272\u6876\u3002\u5c0d\u4f60\u800c\u8a00\uff0c\u9019\u652f\u81a0\u6a3d\u7684\u6545\u4e8b\u5230\u6b64\u70ba\u6b62\uff1b\u4f46\u5b83\u6709\u9817\u5927\u6a5f\u6703\u4e26\u4e0d\u6703\u901a\u5f80\u56de\u6536\u518d\u9020\u4e4b\u8def\uff0c\u800c\u662f\u88ab\u9001\u5230\u5806\u586b\u5340\u3002<\/div>
8 Jul 2026<\/div>
\u6559\u5b78\u4eba\u54e1<\/div><\/div><\/div><\/div><\/div><\/div><\/div>
1<\/span>2<\/a>3<\/a>…<\/span>169<\/a><\/i>\u4e0b\u4e00\u9801<\/span><\/a>
\/169<\/div><\/div><\/section><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":54463,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"thought-leadership-listing.php","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-54467","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t