陈卓｜清华大学｜学者主页

2026

资本市场监督数字化的地方债务风险治理效应——基于城投债发行利差的证据

杨钧杰，陈卓，姚云

《财经科学》，No. 5

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2025

Investor Sentiment and the Pricing of Characteristics-Based Factors

Zhuo Chen, Bibo Liu, Huijun Wang, Zhengwei Wang, Jianfeng Yu

Review Of Financial Studies，Vol. 380, No. 12

DOI

2025

中国债券市场风险、定价研究进展与服务实体经济的初步实践

祝小全，梁洛铭，陈卓

《中国科学基金》

DOI

2025

公募基金的市场认知能力及业绩表现——基于管理报告文本活跃度视角

张维，陈卓，林兟

《管理世界》，Vol. 41, No. 7

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2025

地方政府隐性担保如何影响中小银行实时的信用风险？

祝小全，陈卓，徐同，何治国

《金融研究》，No. 2

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2025

Investor Sentiment and the Pricing of Macro Risks for Hedge Funds

Zhuo Chen, Andrea Lu, Xiaoquan Zhu

Management Science

DOI

2025

债券市场对外开放提高了市场流动性吗？——基于债券通的实证经验

何佳，胡杏，陈卓

《经济学（季刊）》，Vol. 25, No. 2

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2024

Out-of-sample equity premium predictability: An EMD-denoising based model

Haohua Li, Yuhe Mei, Xianfeng Hao, Zhuo Chen

Pacific-Basin Finance Journal，Vol. 88

DOI

2024

Carbon dioxide and asset pricing: Evidence from international stock markets

Zhuo Chen, Jinyu Liu, Andrea Lu, Libin Tao

Journal Of Empirical Finance，Vol. 75

DOI

2024

[Review] Margin Rules and Margin Trading: Past, Present, and Implications

Zhuo Chen, Zhiguo He, Wei Wei

Annual Review Of Financial Economics，Vol. 16

DOI

2023

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

Hui Chen, Zhuo Chen, Zhiguo He, Jinyu Liu, Rengming Xie

Journal Of Finance，Vol. 780, No. 5

DOI

2022

违约风险传染的避险效应与溢出效应:隐性担保预期的视角

祝小全，陈卓，施展，何治国

《经济研究》，Vol. 57, No. 11

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2022

COVID-19 vaccines and global stock markets

Kam-Fong Chan, Zhuo Chen, Yuanji Wen, Tong Xu

Finance Research Letters

DOI

2022

"能力"或"运气":中国私募证券投资基金的多维择时与价值

祝小全，曹泉伟，陈卓

《经济学（季刊）》，Vol. 22, No. 3

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2022

缓兵之计?地方债务展期与隐性违约风险——来自地方融资平台"借新还旧"的经验证据

郁芸君，张一林，陈卓，蒲明

《经济学（季刊）》，Vol. 22, No. 3

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2021

隐性杠杆约束、流动性风险和投资者情绪

祝小全，陈卓

《金融研究》，No. 10

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2021

Leverage and Information: Are Short Sellers and Margin Traders Twin Sisters or Stepsisters?

Zhuo Chen, Pengfei Li, Zheng-Wei Wang, Bohui Zhang

Social Science Research Network

DOI

2020

Assessing and Addressing the Coronavirus-Induced Economic Crisis: Evidence From 1.5 Billion Business Transactions in China

Zhuo Chen, Pengfei Li, Li Liao, Zheng-Wei Wang

Social Science Research Network

DOI

2020

Local Political-Turnover-Induced Uncertainty and Bond Market Pricing

Zhuo Chen, Andrea Lu, Hui-Lin Xiao, Xiao-Quan Zhu

Social Science Research Network

DOI

2019

In the Shadow of Banks: Wealth Management Products and Issuing Banks’ Risk in China*

V. Acharya, J. Qian, Yang Su, Zhi-Shui Yang, Zhuo Chen, K. Hachem, Zhi-Guo He, Nirupama Kulkarni, Robert S. Marquez, Yi-Ming Qian, H. Ru, Tianyue Ruan, Vineet Srivastava, Hao Wang, Hao Zhou

2019

Monetary Policy Through the Stock Market: Central Bank Purchase of Equity Index Etfs

Zhuo Chen, Keiichi Ito, Takeshi Yamada, Bohui Zhang

Social Science Research Network

DOI

2018

A Market-Based Funding Liquidity Measure

Zhuo Chen, Andrea Lu

Review of Asset Pricing Studies

DOI

2018

A Performance Comparison of Large-n Factor Estimators

Zhuo Chen, Gregory Connor, Robert A. Korajczyk

DOI

2018

The Financing of Local Government in the People’s Republic of China: Stimulus Loan Wanes and Shadow Banking Waxes

Zhuo Chen, Zhi-Guo He, Chun Liu

DOI

2017

Slow diffusion of information and price momentum in stocks: Evidence from options markets

Zhuo Chen, Andrea Lu

Journal Of Banking & Finance，Vol. 75

DOI

2017

Growing Pains: International Instability and Equity Market Returns

Zhuo Chen, Andrea Y. Lu, Zhuqing Yang

Financial Management，Vol. 460, No. 10

DOI

2014

The Effect of Media Coverage on Firms’ Investor Base and Stock Liquidity

Zhuo Chen

2013

International Instability and Asset Pricing

Zhuo Chen, Andrea Lu, Zhu-Qing Yang

DOI

2012

Carbon Dioxide Emissions and Asset Pricing

Zhuo Chen, Andrea Lu

DOI

陈卓

精选作品

期刊论文

资本市场监督数字化的地方债务风险治理效应——基于城投债发行利差的证据

Investor Sentiment and the Pricing of Characteristics-Based Factors

中国债券市场风险、定价研究进展与服务实体经济的初步实践

公募基金的市场认知能力及业绩表现——基于管理报告文本活跃度视角

地方政府隐性担保如何影响中小银行实时的信用风险？

Investor Sentiment and the Pricing of Macro Risks for Hedge Funds

债券市场对外开放提高了市场流动性吗？——基于债券通的实证经验

Out-of-sample equity premium predictability: An EMD-denoising based model

Carbon dioxide and asset pricing: Evidence from international stock markets

[Review] Margin Rules and Margin Trading: Past, Present, and Implications

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

违约风险传染的避险效应与溢出效应:隐性担保预期的视角

COVID-19 vaccines and global stock markets

"能力"或"运气":中国私募证券投资基金的多维择时与价值

缓兵之计?地方债务展期与隐性违约风险——来自地方融资平台"借新还旧"的经验证据

隐性杠杆约束、流动性风险和投资者情绪

Leverage and Information: Are Short Sellers and Margin Traders Twin Sisters or Stepsisters?

Assessing and Addressing the Coronavirus-Induced Economic Crisis: Evidence From 1.5 Billion Business Transactions in China

Local Political-Turnover-Induced Uncertainty and Bond Market Pricing

In the Shadow of Banks: Wealth Management Products and Issuing Banks’ Risk in China*

Monetary Policy Through the Stock Market: Central Bank Purchase of Equity Index Etfs

A Market-Based Funding Liquidity Measure

A Performance Comparison of Large-n Factor Estimators

The Financing of Local Government in the People’s Republic of China: Stimulus Loan Wanes and Shadow Banking Waxes

Slow diffusion of information and price momentum in stocks: Evidence from options markets

Growing Pains: International Instability and Equity Market Returns

The Effect of Media Coverage on Firms’ Investor Base and Stock Liquidity

International Instability and Asset Pricing

Carbon Dioxide Emissions and Asset Pricing

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