2025-07-03T10:05:36+08:00

Email

silizhou@um.edu.mo

Tel

+853 8822 8048

Office

Office Room 4027, Humanities and Social Sciences Building
University of Macau, E21B
Avenida da Universidade,Taipa, Macau, China

Personal Website

https://siliz.weebly.com/

Alex Sili ZHOU 周思力

Associate Professor

Academic Qualifications

Singapore Management University, Ph.D. in Business, 2017
Shanghai University of Finance and Economics, M.A. in Economics, 2013
Huazhong University of Science and Technology, B.S. in Computer Science, 2011
Zhongnan University of Economics and Law, B.A. in Economics, 2011

Research Interests

International Finance
Chinese Financial Markets

Working Papers

Can auction select people by their level-k types? (with Todd R. Kaplan and Xiaoyu Zhou)
Are social norms universal? (with Geoffrey Castillo and Veronika Grimm)
Dangling a carrot: The effects of cheap talk in the voluntary contribution mechanism.(with Sara Le Roux)

Selected Publications

Selected Publications

  1. Who Leads and Who Follows? The Cross-Border Peer Effect in Investment by Chinese and U.S. Firms, with Warren Bailey, Xiaping Cao and Zhenyi Yang, Journal of International Economics, 2024 Jan 1;147:103875.
  2. Modern Pandemics: Recession and Recovery, with Chang Ma and John Rogers, Journal of the European Economic Association, 2023 Oct;21(5):2098-130. [Covid Economics] [Econ browser] [Fed]
  3. Soft Activism and Corporate Dividend Policy: Evidence from Institutional Investors Site Visits, with Jerry Cao and Hanyang Wang, 2022, Journal of Corporate Finance, 102221.
  4. Anti-Corruption Campaigns and Corporate Information Release in China, with Jerry Cao and Yuchen Wang, 2018, Journal of Corporate Finance, 49: 186-203.

Other Publications

  1. Li, Z., Lin, W. and Zhou, S., 2024. The effect of mandatory CSR disclosure on stock liquidity. China Economic Review, p.102232.
    Lin, W., Cao, J., Zhou, S. and Li, Y., 2024. Political affinity, multilateralism, and foreign direct investment worldwide. Journal of International Financial Markets, Institutions and Money, 94, p.102024.
  2. Wang, Y., Cao, X., Wang, X. and Zhou, S., 2023. Does price limit improve price discovery? Evidence from IPO market in a quasi-natural experiment. Pacific-Basin Finance Journal, 82, p.102160.
  3. IPO Underpricing and Mutual Fund Allocation: New Evidence from Registration System, with Feifan Sun, Chen Yin and Zijin Zhu, International Review of Financial Analysis, 2022, 84: 102405.
  4. Political Favoritism Towards Resource Allocation, with Zihua Liu, 2021, Emerging Markets Review, 100866.
  5. The Effect of Sovereign Wealth Funds on Corporations: Evidence of Cash Policies in Singapore, with Chenxi Liu, Nelson Yap, Chen Yin, 2021, Research in International Business and Finance, 56, 101354.
  6. State Ownership and Corporate Innovative Efficiency, with Jerry Cao and Douglas Cumming, 2020, Emerging Markets Review, 100699.
  7. Trade Credit, Ownership and Informal Financing in China, with Xiaoming Wang, Weijun Wu, Chen Yin, 2019, Pacific-Basin Finance Journal, 57:101177.
  8. Policy Uncertainty Sensitivity and Market Value: Evidence from China, with Zhenyi Yang, Yiwei Yu and Yubing Zhang, 2019, Pacific-Basin Finance Journal, 57: 101178.
  9. Does FDI Drive Economic Growth? Evidence from City Data in China, with Weijun Wu, Ling Yuan, Xiaoming Wang, Xiaping Cao, 2019, Emerging Markets Finance and Trade, 1-14; Lead Article.
  10. Multinational Firms and Cash Holdings: Evidence from China, with Weijun Wu and Yang Yang, 2017, Finance Research Letters, 20:184-191.
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