BIMSA > Liyan Han
Professor Liyan Han

Group: Digital Economy

Office: A3-1-302

Email: lyhan@bimsa.cn

Research Field: Asset Pricing, Exchange Rate, Fintech, Green Finance

CV

Biography

Dr. Han Liyan, Professor at Beijing Institute of Mathematical Sciences and Applications, Lab of Digital Economy. He once worked as a chief professor of economics in Beihang University for 20 years. He was awarded as Beijing Renowned Teacher, Distinguished Fellow in Chinese Quantitative Economics, and Special government allowances of the State Council. His doctorate research focused on fuzzy information and knowledge engineering in 1990s, and now his research interests focus on fintech, foreign exchange rate combined with monetary policy, and green finance as well.

Research Interest

  • Exchange Rate
  • Fintech
  • Asset Pricing
  • Green Finance

Education Experience

  • 1988 - 1991      Beijing Normal University      Mathematics      Doctor      (Supervisor: Peizhuang Wang)
  • 1984 - 1986      Beijing Normal University      Mathematics      Master
  • 1978 - 1982      Beijing Normal University      Mathematics      Bachelor

Work Experience

  • 2020 - 2022      Zhuhai Fudan Innovation Institute      Chief Scientist of Fintech
  • 2000 - 2020      Beihang University      Professor
  • 1994 - 1995      Vienna University of Economics and Business      Postdoc      Economics
  • 1982 - 2000      Capital University of Economics and Business      Professor

Honors and Awards

  • 2017      Outstanding Scholar of Quantitative Economics in China
  • 2013      Second Prize of Beijing Teaching Achievement Award
  • 2012      Beijing Famous Teaching Teacher
  • 2012      Independent Director of Xinhua Winshare (A+H shares), Liugong (A shares), Aerospace Investment Holdings Co., Ltd.      2012-2021
  • 2012      Member and Consultant of Science and Technology Committee of AVIC Group      2012-now
  • 2011      Advanced Individual in Teaching and Educating in Beijing
  • 2009      National Challenge Cup Outstanding Instructor (Student Grand Prize)
  • 2008      Executive Director of China Soft Science Society      2008-2018
  • 2005      The Third Prize of National Defense Science and Technology Progress
  • 2003      Executive Director and Academic Committee of Chinese Society of Quantitative Economics      2003-now
  • 2003      Director of China Finance Annual Conference      2003-now
  • 2002      Director of China Financial System Engineering Professional Committee      2002-now
  • 1993      The Youth Subject Leader of Colleges and Universities of Beijing
  • 1993      Special Government Allowances of the State Council      1993-now
  • 1991      The First Prize of the National Education Commission for Excellent Textbooks in Colleges and Universities

Publication

  • [1] Jiayu Jin, Liyan Han, Lei Wu, Hongchao Zeng, Exploring the sources of systemic risk and trading strategies in energy and stock markets, Energy Economics, 139 (2024)
  • [2] 魏晓云, 韩立岩*, 环境规制、绿色技术创新与违约风险, 金融研究(6), 169-187 (2024)
  • [3] 刘 阳, 韩立岩, 关注尾部风险: 贸易政策不确定性、预期与人民币汇率变动, 管理科学学报, 27(5) (2024)
  • [4] 韩立岩, 激活数据要素潜能_赋能新质生产力发展, 国际金融 (2024)
  • [5] 陆珏、韩立岩, 科技金融应支持推动原创性颠覆式创新, 改革内参 (2024)
  • [6] Tongshuai Qiao, Wenjie Ding, Liyan Han, Donghui Li, RMB exchange rate volatility and the cross-section of Chinese A-share returns , Journal of International Money and Finance, 142 (2024)
  • [7] Liyan Han, Yang Xu, Qunzi, Zhang, Xiaoneng Zhu, Oil Strikes Back: Trend Factors and Exchange Rates, Journal of Money, Credit and Banking (ABS4) (2024)
  • [8] 王哲兵,郗慧妍,韩立岩, 技术寻求型 OFDI 的逆向技术溢出效应及其影响机制, 管理科学, 37(2), 138−154 (2024)
  • [9] Chaonan Feng, Liyan Han, Samuel Vigne, Yang Xu, Geopolitical risk and the dynamics of international capital flows, Journal of International Financial Markets, Institutions & Money, 82, 101693 (2023)
  • [10] Jiayu Jin, Liyan Han, Yang Xu, Does the SDR stabilize investing in commodities?, Int. Rev. Econ. Financ., (), -, (2022)
  • [11] Yiye Liu, Liyan Han, You Wu, Libo Yin, Do terrorist attacks matter for currency excess returns?, Financ. Res. Lett., (), -, (2022)
  • [12] Han, Li-rong, Xinbei Wei, Sen Yan and Qunzi Zhang, Analyst rating matters for index futures, J Futures Markets, J. Futures Mark., (), -, (2022)
  • [13] 冯超楠, 韩立岩*, 任若恩, 短期跨境资本流动因何而来？, 数量经济技术经济研究((9)：119-139. ), (9)：119-139. (2020)
  • [14] Jin, Jiayu, Han, Liyan, Wu, Lei, Zeng, Hongchao, The hedging effectiveness of global sectors in emerging and developed stock markets, International Review of Economics & Finance, 66(92-117) (2020)
  • [15] Xiaoyun, Wei; Liyan, Han*, Targeted reduction in reserve requirement ratio and optimal monetary policy in China, International Review of Economics & Finance, 69(2), 209-230 (2020)
  • [16] Wei, Xiaoyun, Li, Jie, Han, Liyan*, Optimal targeted reduction in reserve requirement ratio in China, Economic Modelling, 85(1-15) (2020)
  • [17] 韩立岩, 吴优, 赵庆明, 新版人民币指数, 中国金融期货交易所研究报告 (2019)
  • [18] Liyan Han, Xue Jiang, Libo Yin, The predictive performance of the currency futures basis for spot returns, Quantitative Finance, 19(3), 391-405 (2019)
  • [19] Liyan Han, Yang Xu, Libo Yin, Forecasting the CNY-CNH pricing differential: The role of investor attention, Pacific-Basin Finance Journal(49), 232-247 (2018)
  • [20] Han, L., Xu, Y., Yin, L., Does investor attention matter?, Economic Modelling(68), 644-660 (2018)
  • [21] 韩立岩, 蔡立新, 尹力博, 中国证券市场的绿色激励: 一个四因素模型, 金融研究, 1(1), 145-161 (2017)
  • [22] 一带一路背景下的能源安全与信息安全, 钓鱼台智库论坛 (2017)
  • [23] Ding, D., Han, L., Yin, L., Systemic risk and dynamics of contagion: a duplex inter-bank network, Quantitative Finance, 17(9), 1435-1445 (2017)
  • [24] Han, L., Li, Z., Yin, L. The effects of investor attention on commodity futures markets [J]. Journal of Futures Markets, 2017,37: 1031-1049, SSCI.
  • [25] Han, L., Lv, Q., Yin, L., Can investor attention predict oil prices?, Energy Economics(66), 547-558 (2017)
  • [26] 韩立岩、喻雪莹、顾雪松等. 中美间技术转移的模式演化及对中国创新活动的影响研究[R], 科技部研究报告（中美高层对话专项）. 2016.
  • [27] 顾雪松, 韩立岩*, 周伊敏., 产业结构差异与对外直接投资的出口效应—东道国视角的理论与实证, 经济研究(2016年第4期), 102-115 (2016)
  • [28] Xinkuo Xu, Liyan Han*, Xiaofeng Lv., Household carbon inequality in urban China, its sources and determinants, Ecological Economics, 128, 77–86 (2016)
  • [29] 韩立岩，部慧，金融资产风险与定价[M]，机械工业出版社，华章经管，2015-12.
  • [30] Han Liyan, Zheng Qingqing, Li Lei, Yin Libo., Do Foreign Institutional Investors Stabilize the Capital Market?, Economics Letters(136), 73-75 (2015)
  • [31] 尹力博，韩立岩*. 大宗商品战略配置——基于国民效用和风险对冲的视角[J]，管理世界，2014，（7）：39-51.
  • [32] 李蕾，韩立岩, 价值投资还是价值创造？——基于境内外机构投资者比较的经验研究, 经济学(季刊)((01)：351-372) (2013)
  • [33] William L. Megginson, Miao You, Liyan HAN, Determinants of Sovereign Wealth Fund Cross-Border Investments, The Financial Review (Statesboro)((48)), 539-572 (2013)
  • [34] Libo Yin，Liyan Han, Options strategies for international portfolios with overall risk management via multi-stage stochastic programming, Annals of Operations Research, 206, 557-576 (2013)
  • [35] Liyan Han, Rong Liang, Ke Tang, Cross-market Soybean Futures Price Discovery: Does the Dalian Commodity Exchange Affect the Chicago Board of Trade?, Quantitative Finance, 13(2) (2013)
  • [36] 韩立岩*,杜春越, 收入差距、借贷水平与居民消费的地区及城乡差异, 经济研究 (2012)
  • [37] 林忠国, 韩立岩, 李伟, 股价波动非同步性——信息还是噪音?, 管理科学学报(2012(06)), 68-81 (2012)
  • [38] 韩立岩*, 尤苗, 主权财富基金的战略价值---基于风险对冲与国民效用的视角, 经济研究（封面文章)((6)), 88-100 (2012)
  • [39] 谢飞，韩立岩, 投机还是实需：国际商品期货价格的影响因素分析, 管理世界(2012（10）), 71-82 (2012)
  • [40] 尹力博、韩立岩，人民币外汇期权套保价值与策略：基于随机规划的视角[J]，管理科学学报，2012年第11期：31-44.
  • [41] 韩立岩, 尹力博, 投机还是实需？国际大宗商品价格影响因素的广义视角分析, 经济研究(12), 83-96 (2012)
  • [42] 王哲兵，韩立岩*, 民主还是集权——创业者治理结构的选择, 经济学（季刊）, 12(2), 475－492 (2012)
  • [43] 谢飞，韩立岩, 对冲基金与国际资产价格的波动性传递, 管理科学学报(13), 94-103 (2011)
  • [44] 韩立岩,杜春越, 城市家庭消费金融效应的地区差异研究, 经济研究（封面文章)(S1), 30-42 (2011)
  • [45] 杨华蔚, 韩立岩, 外部风险、异质信念与特质波动率风险溢价, 管理科学学报(2011(3)), 71-80 (2011)
  • [46] 韩立岩*, 崔旻抒, 人民币指数美式期货期权定价研究, 管理科学学报(13), 3 (2010)
  • [47] 郭璐, 韩立岩, 李东辉, 交叉上市的信息传递及整合性: 股改前后的变化, 管理世界(2009, (1): 29-37.), 29-37. (2009)
  • [48] 韩立岩, 王允贵, 人民币外汇衍生品市场：策略与路径 (2009)
  • [49] Yanran Wu, Liyan Han, Investor Sentiment and Asset Pricing, VDM Berlin (2009)
  • [50] 李燕平, 韩立岩, 特许权价值、隐性保险与风险承担－中国银行业的经验分析, 金融研究(2008-1) (2008)
  • [51] 闵丹, 韩立岩, 市场结构, 行业周期与资本结构——基于战略公司财务理论的分析, 管理世界((2)), 82-89 (2008)
  • [52] 韩立岩, 孙海峰, 李东辉, 投资偏向分析：基于全球银行股票投资的实证研究, 金融研究(2008-10) (2008)
  • [53] 伍燕然、韩立岩：不完全理性、投资者情绪与封闭式基金之谜，《经济研究》，2007-3：117-129.
  • [54] 韩立岩, 伍燕然, 投资者情绪与IPOs之谜——抑价或者溢价?, 管理世界((3)), 51-61 (2007)
  • [55] 董锋，韩立岩, 中国股市透明度提高对市场质量影响的实证分析, 经济研究(5), 87-96 (2006)
  • [56] 牟晖, 韩立岩, 谢朵, 陈之安, 中国资本市场融资顺序新证: 可转债发行公告效应研究, 管理世界((4)), 19-27 (2006)
  • [57] 韩立岩,王晓萌, 中国上市公司并购的市场评价, 无, 无(无), 无 (2006)
  • [58] 韩立岩, 王哲兵, 中国实体经济资本配置效率研究, 经济研究(1), 77-84 (2005)
  • [59] 韩立岩, 牟晖, 王哲兵. 市政债券的风险识别与控制策略[J]. 管理世界, 2005, (3): 58-66.
  • [60] Han Liyan, Zheng Chengli, Fuzzy options with application to default risk analysis for municipal bonds in China, Nonlinear Analysis, Theory, Methods & Applications, 63((5-7)), 2353-2365 (2005)
  • [61] 韩立岩, 熊菲, 蔡红艳., 基于股市行业市盈率的资本配置评价研究, 管理世界(2003, (1): 43-50), 43-50 (2003)
  • [62] 韩立岩, 蔡红艳, 我国资本配置效率及其与金融市场关系评价研究, 管理世界((1)), 65-70. (2002)
  • [63] 韩立岩, 汪培庄, 《应用模糊数学》（修订版） (1998)
  • [64] T Qiao, Y Zhao, L Han, D Li, Multivariate crash risk in China, Journal of Banking & Finance, 171 (2025)
  • [65] W Ma, R Zhang, L Han, W Li, Divergent relationships between exchange rate pass-through and policy rates across economies: An extension of the Taylor rule, Finance Research Letters, 71 (2025)
  • [66] C Zheng, J Jin, L Han, Reduced interest option pricing for green bonds, China Finance Review International, 14(2), 228-268 (2024)
  • [67] T Qiao, W Ding, L Han, D Li, RMB exchange rate volatility and the cross-section of Chinese A-share returns, Journal of International Money and Finance, 142 (2024)
  • [68] J Jin, L Han, L Wu, H Zeng, Exploring the sources of systemic risk and trading strategies in energy and stock markets, Energy Economics, 139 (2024)
  • [69] M Deng, L Han, J Li, Z Li, Data Empowerment and Crash Risk, Available at SSRN 4917886 (2024)
  • [70] BI Menu, In this Section, ACE (2024)
  • [71] T Qiao, L Han, COVID‐19 and tail risk contagion across commodity futures markets, Journal of Futures Markets, 43(2), 242-272 (2023)
  • [72] S Jia, X Chen, L Han, J Jin, Global climate change and commodity markets: A hedging perspective, Journal of Futures Markets, 43(10), 1393-1422 (2023)
  • [73] C Feng, L Han, L Li, Who pays for the tariffs and why? A tale of two countries, CESifo Working Paper (2023)
  • [74] C Liu, L Han, G Chu, The effect of overnight corporate announcements on price discovery, Finance Research Letters, 53 (2023)
  • [75] L Han, L Li, H Liao, L Yin, Hedging along the global value chain: Trade war and firm value, Working Paper (2023)
  • [76] L Han, C Xie, J Jin, Y Zhao, Effect of low-carbon innovation on carbon risk: International firm-level investigation, International Review of Financial Analysis, 90 (2023)
  • [77] L Shi, B Han, Y Zhu, L Han, Y Wang, Y Piao, Market Crowds' Trading Behaviors, Agreement Prices, and the Implications of Trading Volume, arXiv preprint arXiv:2310.05322 (2023)
  • [78] C Feng, L Han, L Li, 10497 2023-Who Pays for the Tariffs and Why? A Tale of Two Countries, < bound method Organization. get_name_with_acronym of< Organization: CESifo … (2023)
  • [79] Q Zhong, L Han, J Jin, Do green credit guidelines impact on heavily polluting firms in rent-seeking?, Finance Research Letters, 47 (2022)
  • [80] K Hao, L Han, The impact of China's currency swap lines on bilateral trade, International Review of Economics & Finance, 81, 173-183 (2022)
  • [81] D Wu, H Cheng, C Luo, L Han, Does government initiated corporate social responsibility lower the default risk? Evidence from the targeted poverty alleviation campaign in China, Pacific-Basin Finance Journal, 76 (2022)
  • [82] Y Liu, T Qiao, L Han, Does clean energy matter? Revisiting the spillovers between energy and foreign exchange markets, Journal of Futures Markets, 42(11), 2068-2083 (2022)
  • [83] Z Cao, L Han, X Wei, Q Zhang, Fear in commodity return prediction, Finance Research Letters, 46 (2022)
  • [84] L Han, X Wei, S Yan, Q Zhang, Analyst rating matters for index futures, Journal of Futures Markets, 42(11), 2084-2100 (2022)
  • [85] Y Liu, L Han, Y Wu, Can skewness predict CNY-CNH spread?, Finance Research Letters, 46, 102392 (2022)
  • [86] Z Cao, L Han, Q Zhang, Stock return predictability in China: Power of oil price trend, Finance Research Letters, 47 (2022)
  • [87] Q Zhang, D Sornette, L Han, Evolutionary patterns of onshore and offshore Renminbi exchange rates with convexity–concavity indicators, Quantitative Finance, 22(2), 367-384 (2022)
  • [88] Z Cao, L Han, Q Zhang, Stock return in China: Power of oil trend, FINANCE RESEARCH LETTERS, 47 (2022)
  • [89] X Wei, L Han, The impact of COVID-19 pandemic on transmission of monetary policy to financial markets, International Review of Financial Analysis, 74 (2021)
  • [90] Y Liu, L Han, Y Xu, The impact of geopolitical uncertainty on energy volatility, International Review of Financial Analysis, 75, 101743 (2021)
  • [91] L Yin, J Nie, L Han, Understanding cryptocurrency volatility: The role of oil market shocks, International Review of Economics & Finance, 72, 233-253 (2021)
  • [92] T Qiao, L Han, Y Liu, Does targeted poverty alleviation disclosure improve stock performance?, Economics Letters, 201 (2021)
  • [93] L Yin, J Feng, L Han, Systemic risk in international stock markets: Role of the oil market, International Review of Economics & Finance, 71, 592-619 (2021)
  • [94] Z Wang, L Zhang, L Han, Knowledge-seeking and firm international performance: Evidence from Chinese multinational enterprises, International Review of Financial Analysis, 77, 101823 (2021)
  • [95] D Han, L Han, Y Wu, P Liu, Dividend or growth funds: What drives individual investors' choices?, International Review of Financial Analysis, 77 (2021)
  • [96] L Yin, J Nie, L Han, Intermediary capital risk and commodity futures volatility, Journal of Futures Markets, 41(5), 577-640 (2021)
  • [97] L Wan, L Han, Y Xu, R Matousek, Dynamic linkage between the Chinese and global stock markets: A normal mixture approach, Emerging Markets Review, 49, 100764 (2021)
  • [98] X Jiang, L Han, Y Xu, How does skewness perform in the Chinese commodity futures market?, Journal of Futures Markets, 41(8), 1268-1285 (2021)
  • [99] Z Lin, L Han, W Li, Option replication with transaction cost under Knightian uncertainty, Physica A: Statistical Mechanics and its Applications, 567 (2021)
  • [100] J Jin, L Han, L Wu, H Zeng, The hedging effect of green bonds on carbon market risk, International Review of Financial Analysis, 71, 101509 (2020)
  • [101] H Arain, L Han, A Sharif, MS Meo, Investigating the effect of inbound tourism on FDI: The importance of quantile estimations, Tourism Economics, 26(4), 682-703 (2020)
  • [102] L Han, L Wan, Y Xu, Can the Baltic Dry Index predict foreign exchange rates?, Finance Research Letters, 32, 101157 (2020)
  • [103] L Han, J Jin, L Wu, H Zeng, The volatility linkage between energy and agricultural futures markets with external shocks, International Review of Financial Analysis, 68 (2020)
  • [104] L Yin, L Han, International assets allocation with risk management via multi-stage stochastic programming, Computational Economics, 55, 383-405 (2020)
  • [105] L Yin, Y Wei, L Han, Firms' profit instability and the cross-section of stock returns: Evidence from China, Research in International Business and Finance, 53 (2020)
  • [106] L Yin, J Nie, L Han, Intermediary asset pricing in commodity futures returns, Journal of Futures Markets, 40(11), 1711-1730 (2020)
  • [107] X Xu, L Han, Operational Lifecycle Carbon Value of Bus Electrification in Macau, Sustainability, 12(9) (2020)
  • [108] H Arain, L Han, MS Meo, Nexus of FDI, population, energy production, and water resources in South Asia: a fresh insight from dynamic common correlated effects (DCCE), Environmental Science and Pollution Research, 26, 27128-27137 (2019)
  • [109] Y Xu, L Han, L Wan, L Yin, Dynamic link between oil prices and exchange rates: A non-linear approach, Energy Economics, 84, 104488 (2019)
  • [110] Y Wu, L Han, L Yin, Our currency, your attention: Contagion spillovers of investor attention on currency returns, Economic Modelling, 80, 49-61 (2019)
  • [111] L Han, Y Liu, L Yin, Uncertainty and currency performance: A quantile-on-quantile approach, North American Journal of Economics and Finance, 48, 702-729 (2019)
  • [112] Y Liu, L Han, L Yin, News implied volatility and long-term foreign exchange market volatility, International review of financial analysis, 61, 126-142 (2019)
  • [113] L Han, Q Lv, L Yin, The effect of oil returns on the stock markets network, Physica A: Statistical Mechanics and its Applications, 533 (2019)
  • [114] X Jiang, L Han, L Yin, Can skewness predict currency excess returns?, The North American Journal of Economics and Finance, 48, 628-641 (2019)
  • [115] X Xu, X Lv, L Han, Carbon asset of electrification: Valuing the transition from fossil fuel-powered buses to battery electric buses in Beijing, Sustainability, 11(10) (2019)
  • [116] H Yan, L Han, Empirical distributions of stock returns: Mixed normal or kernel density?, Physica A: Statistical Mechanics and its Applications, 514, 473-486 (2019)
  • [117] X Jiang, L Han, L Yin, Can skewness of the futures‐spot basis predict currency spot returns?, Journal of Futures Markets, 39(11), 1435-1449 (2019)
  • [118] L Han, H Yan, C Zheng, Normal mixture method for stock daily returns over different sub-periods, Communications in Statistics-Simulation and Computation, 48(2), 447-457 (2019)
  • [119] X Jiang, L Han, L Yin, Currency strategies based on momentum, carry trade and skewness, Physica A: Statistical Mechanics and its Applications, 517, 121-131 (2019)
  • [120] Q ZHENG, LY HAN, The impact of foreign institutional investors on China's capital market, The Frontiers of Society, Science and Technology, 1(3) (2019)
  • [121] QQ Zheng, LY Han, LB Yin, A Blessing or a Curse? The Impact of Financial Liberalization on Stock Price Informativeness, Annual International Conference on Management, Economics and Social (2019)
  • [122] J Jin, L Han, Assessment of Chinese green funds: Performance and industry allocation, Journal of Cleaner Production, 171, 1084-1093 (2018)
  • [123] Y Wu, T Liu, L Han, L Yin, Optimistic bias of analysts' earnings forecasts: Does investor sentiment matter in China?, Pacific-Basin Finance Journal, 49, 147-163 (2018)
  • [124] L Han, Y Xu, L Yin, Does investor attention matter? The attention-return relationships in FX markets, Economic Modelling, 68, 644-660 (2018)
  • [125] Y Liu, L Han, L Yin, Does news uncertainty matter for commodity futures markets? Heterogeneity in energy and non‐energy sectors, Journal of Futures Markets, 38(10), 1246-1261 (2018)
  • [126] H Jiang, L Han, Does income diversification benefit the sustainable development of Chinese listed banks? Analysis based on entropy and the Herfindahl–Hirschman index, Entropy, 20(4) (2018)
  • [127] Y Zhou, L Han, L Yin, Is the relationship between gold and the US dollar always negative? The role of macroeconomic uncertainty, Applied Economics, 50(4), 354-370 (2018)
  • [128] L Han, Y Wu, L Yin, Investor attention and currency performance: international evidence, Applied Economics, 50(23), 2525-2551 (2018)
  • [129] L Han, Z Li, L Yin, Investor attention and stock returns: International evidence, Emerging Markets Finance and Trade, 54(14), 3168-3188 (2018)
  • [130] H Jiang, L Han, Y Ding, Y He, Operating efficiency evaluation of China listed automotive firms: 2012–2016, Sustainability, 10(1) (2018)
  • [131] Q Lv, L Han, Y Wan, L Yin, Stock net entropy: Evidence from the Chinese growth enterprise market, Entropy, 20(10) (2018)
  • [132] L Han, Z Li, L Yin, The effects of investor attention on commodity futures markets, Journal of Futures Markets, 37(10), 1031-1049 (2017)
  • [133] Y Liu, L Han, Z Yin, K Luo, A competitive carbon emissions scheme with hybrid fiscal incentives: the evidence from a taxi industry, Energy Policy, 102, 414-422 (2017)
  • [134] L Han, L Cai, L Yin, Green Incentives in China’s Securities Market: A Four Factor Model, J. Financ. Res., 1, 145-161 (2017)
  • [135] X Xu, L Han, Diverse effects of consumer credit on household carbon emissions at quantiles: evidence from urban China, Sustainability, 9(9) (2017)
  • [136] Y Zhou, L Han, D Wang, L Yin, A moment-based criterion for determining the number of components in a normal mixture model, Journal of Systems Engineering and Electronics, 28(4), 801-809 (2017)
  • [137] H Arain, L Han, L Zhang, Effects of information systems and technology on foreign direct investment in developing countries, International Journal of e-Education, e-Business, e-Management and e … (2017)
  • [138] L Han, M Qi, L Yin, Macroeconomic policy uncertainty shocks on the Chinese economy: a GVAR analysis, Applied Economics, 48(51), 4907-4921 (2016)
  • [139] X Wang, L Han, L Yin, Environmental efficiency and its determinants for manufacturing in China, Sustainability, 9(1) (2016)
  • [140] L Yin, L Han, Macroeconomic impacts on commodity prices: China vs. the United States, Quantitative Finance, 16(3), 489-500 (2016)
  • [141] L Han, X Xu, L Han, Applying quantile regression and Shapley decomposition to analyzing the determinants of household embedded carbon emissions: evidence from urban China, Journal of Cleaner Production, 103(2), 219-230 (2015)
  • [142] L Han, Y Zhou, L Yin, Exogenous impacts on the links between energy and agricultural commodity markets, Energy Economics, 49, 350-358 (2015)
  • [143] S Zhao, Q Lu, L Han, Y Liu, F Hu, A mean-CVaR-skewness portfolio optimization model based on asymmetric Laplace distribution, Annals of Operations Research, 226, 727-739 (2015)
  • [144] L Yin, L Han, Co-movements in commodity prices: Global, sectoral and commodity-specific factors, Economics Letters, 126, 96-100 (2015)
  • [145] L Han, Y Liu, Q Lin, G Huang, Valuing carbon assets for high-tech with application to the wind energy industry, Energy Policy, 87, 347-358 (2015)
  • [146] L Yin, L Han, Risk management for international portfolios with basket options: A multi-stage stochastic programming approach, Journal of Systems Science and Complexity, 28(6), 1279-1306 (2015)
  • [147] L Yin, L Han, Hedging International Foreign Exchange Risks via Option Based Portfolio Insurance, Computational Economics, 45, 151-181 (2015)
  • [148] L Yin, L Han, Spillovers of macroeconomic uncertainty among major economies, Applied Economics Letters, 21(13), 938-944 (2014)
  • [149] L Yin, L Han, Macroeconomic uncertainty: does it matter for commodity prices?, Applied economics letters, 21(10), 711-716 (2014)
  • [150] J Yang, L Han, G Ren, China-to-North Korea Tourism: A Leisure Business on a Tense Peninsula, North Korean Review, 57-70 (2014)
  • [151] MA Husien, H Liyan, Strategically Alliances and Distinction Competitions: Study on Profitability Analysis: A Case of Al-Sahara Libyan Bank & BNP Paribas French Bank, Journal of Studies in Social Sciences, 9(2) (2014)
  • [152] WL Megginson, M You, L Han, Determinants of sovereign wealth fund cross‐border investments, Financial Review, 48(4), 539-572 (2013)
  • [153] L Han, L Han, H Zhao, Orthogonal support vector machine for credit scoring, Engineering Applications of Artificial Intelligence, 26(2), 848-862 (2013)
  • [154] L Yin, L Han, Exogenous shocks and information transmission in global copper futures markets, Journal of Futures Markets, 33(8), 724-751 (2013)
  • [155] H Lu, H Liyan, Z Hongwei, Credit scoring model hybridizing artificial intelligence with logistic regression, Journal of Networks, 8(1), 253-261 (2013)
  • [156] G Fan, L He, X Wei, L Han, China’s growth adjustment: moderation and structural changes, Economic Change and Restructuring, 46, 9-24 (2013)
  • [157] J Yang, L Han, Optimal size of currency swap between central banks: Evidence from China, Applied Economics Letters, 20(3), 203-207 (2013)
  • [158] F Zhou, P Wang, L Han, Multi-source knowledge fusion algorithm, Journal of Beijing University of Aeronautics and Astronautics (2013)
  • [159] Z Fang, W Pengbo, H Liyan, Multi-source knowledge fusion algorithm [J], Journal of Beijing University of Aeronautics and Astronautics, 39(1), 109-114 (2013)
  • [160] L Han, M Cai, L Yin, Approximation by normal distribution with covering width based EM estimation, Journal of Beijing University of Aeronautics and Astronautics, 39(5) (2013)
  • [161] X Wei, L Han, Optimal Enterprise Cash Management Under Uncertainty, The 19th International Conference on Industrial Engineering and Engineering … (2013)
  • [162] CF Baum, A Chakraborty, L Han, B Liu, The effects of uncertainty and corporate governance on firms’ demand for liquidity, Applied Economics, 44(4), 515-525 (2012)
  • [163] L Han, L Yin, Speculation or real demand? A multi-vision economic analysis of the international commodity prices impact factors, Economic Research Journal, 12, 83-96 (2012)
  • [164] L Han, C Du, Regional difference, urban and rural income inequality, credit level and consumption, Economic Research Journal, 58, 15-27 (2012)
  • [165] S Xiaodong, H Liyan, Credit Evaluation for Small and Medium Sized Enterprises Based on Fuzzy SVM with Dual Membership Values, Industrial Engineering Journal, 15(1) (2012)
  • [166] L Han, L Han, H Zhao, Study and application of credit scoring models to appraisal of the loan to Chinese companies with uncertain linguistic information, International Journal of Applied Cryptography (2012)
  • [167] L HAN, G REN, Hedging strategy with fu-tures based on prediction of realized second moment: an application to stock index futures, Systems Engineering-Theory & Practice, 32(12), 2629-2636 (2012)
  • [168] L HAN, M PAN, Knight Uncertainty based option pricing with stochastic volatility [J], Systems Engineering—Theory & Practice, 32(6), 1175-1183 (2012)
  • [169] X Song, L Han, Dual membership SVM method based on spectral clustering, Journal of Systems Engineering and Electronics, 23(2), 225-232 (2012)
  • [170] LF Liu, LY Han, USD Index Equilibrium Study Based on the BEER Model, Advanced Materials Research, 433, 2949-2953 (2012)
  • [171] Y Miao, H Liyan, Sovereign wealth funds in China: The perspective of national energy strategy, Energy Procedia, 5, 1187-1191 (2011)
  • [172] L Shi, L Han, Y Wang, D Chen, Y Piao, C Gou, Market crowd trading conditioning and its measurement, Available at SSRN 1661515 (2011)
  • [173] L Han, C Du, Regional difference of the impact of urban households’ consumer finance, Journal of economics research, 1, 30-42 (2011)
  • [174] LY Han, H Liu, LU Han, Multilevel Petri net-based distributed collaborative R&D system design for complex products, Systems Engineering and Electronics, 33(6), 1276-1282 (2011)
  • [175] S Liu, L Han, Pricing Catastrophe Bonds under Safety Constraints, Managing Safety of Heterogeneous Systems: Decisions under Uncertainties and … (2011)
  • [176] L Yin, L Han, Optimize international portfolio via stochastic programming, International Conference on Management and Service Science, 1-6 (2011)
  • [177] Z Jia, LY Han, How Does Equity Structure Impact M&A Decision? a Model Based on Private Benefits, Advanced Materials Research, 271, 742-747 (2011)
  • [178] Q Ye, LY Han, The Impact of International Hot Money in International Commodity Future Markets during the Subprime Mortgage Crisis, Advanced Materials Research, 171, 744-747 (2011)
  • [179] M Pan, L Han, Knightian Uncertainty Based Option Pricing with Jump Volatility, Nonlinear Mathematics for Uncertainty and its Applications, 287-294 (2011)
  • [180] L Han, D Li, F Moshirian, Y Tian, Insurance development and economic growth, The Geneva Papers on Risk and Insurance-Issues and Practice, 35(2), 183-199 (2010)
  • [181] H Lu, H Liyan, Z Hongwei, Combined model of empirical study for credit risk management, IEEE International Conference on Information and Financial (2010)
  • [182] LY Han, M You, XY Wei, Innovation mechanism for green finance under the guidance of government, China Soft Science, 11, 12-18 (2010)
  • [183] Q Ye, L Han, The international propagation of shocks in international equity markets during the subprime mortgage crisis, International Conference on Future Information Technology and … (2010)
  • [184] L Han, Z Lin, SX Wei, Noise or Information: When Stock Price Synchronicity Meets Accounting Restatements, European Financial Management Symposium, 1, 1-46 (2010)
  • [185] C Li, L Han, X Zhang, DEA-based performance evaluation and sustainable research on securities firms' CAMS, The 2nd International Conference on Information Science and Engineering … (2010)
  • [186] Z Wang, L Han, The founder's choice between democracy and autocracy in corporate governance, International Conference on E-Business and E-Government, 1267-1270 (2010)
  • [187] Y Huawei, H Liyan, Extraneous risk, heterogeneous beliefs and the equity premium with jump-diffusion uncertainty, 2nd International Conference on Information Science and Engineering (2010)
  • [188] W Tu, L Han, Foreign ownership and stock return volatility, The 2nd International Conference on Information Science and Engineering, 261-264 (2010)
  • [189] J Wei, L Han, Volatility transmission between Hangseng index futures and option markets, The 2nd International Conference on Information Science and Engineering … (2010)
  • [190] Z Lin, L Han, Institutional holding, idiosyncratic volatility and information flow, IEEE 17Th International Conference on Industrial Engineering and … (2010)
  • [191] G Xu, L Han, M You, Three Dimension Model of China Defense Industrial Organization, International Conference on Management and Service Science (2010)
  • [192] L Xie, L Han, The Analysis and Selection of issuing modules of catastrophe bond for China, International Conference on E-Business and E-Government, 4705-4708 (2010)
  • [193] G Xu, L Han, X Kong, N Zhou, Internet Bidding and Procurement in Chinese Military Industry Enterprises, International Conference on E-Business and E-Government, 4154-4157 (2010)
  • [194] L Shi, Y Wang, D Chen, L Han, Y Piao, C Gou, A Security Price Volatile Trading Conditioning Model, arXiv preprint arXiv:1001.0656 (2010)
  • [195] L Liu, L Han, A study on Chinese Yuan index and its Derivatives, Available at SSRN 1535703 (2010)
  • [196] W Li, L Han, The fuzzy binomial option pricing model under knightian uncertainty, Sixth International conference on fuzzy systems and knowledge discovery (2009)
  • [197] S Liu, L Han, Y Ermoliev, T Ermolieva, Catastrophe bond pricing based on behavior model, Proceedings of the IASTED International Conference, 662 (2009)
  • [198] Z Wang, L Han, Indexed Option Based Valuation of Private Benefits of Control, First International Conference on Information Science and Engineering (2009)
  • [199] J Wei, L Han, Delta-neutral dynamic hedging of the HS300 stock index futures and option portfolio—The evidence from simulation, 16th International Conference on Industrial Engineering and Engineering (2009)
  • [200] J Lou, L Han, J Liu, Distribution of Net Operating Cash-Flow-at-Risk: The Dynamic Panel Data Model, International Conference on Management and Service Science, 1-5 (2009)
  • [201] J Liu, L Han, J Lou, Generalized Pareto Distribution Fit to the Risk of Operating Cash Flow-Empirical Evidence from China's Listed Companies of Real Estate, International Conference on Management and Service Science, 1-4 (2009)
  • [202] Y Hu, L Han, D Li, Intra-industry trade in international tourism services, 4th International Conference on Wireless Communications, Networking and (2008)
  • [203] L Han, J Zhou, European option pricing and hedges under heterogeneity with λ-fuzzy measures and choquet intergral, IEEE International Conference on Fuzzy Systems (2008)
  • [204] Y Wu, L Han, Imperfect rationality, sentiment and closed-end-fund puzzle, Economic Research Journal, 42(3), 117-129 (2007)
  • [205] L HAN, Z Juan, Option pricing model with fuzzy measures under Knightian uncertainty, Systems Engineering-Theory & Practice, 27(12), 123-132 (2007)
  • [206] L Tian, L Han, H Huang, Multi-objective Optimal Public Investment: An Extended Model and Genetic Algorithm-Based Case Study, International Conference on Adaptive and Natural Computing Algorithms, 314-322 (2007)
  • [207] HAN Liyan, MOU Hui, XIE Duo, C Zhi’an, “Pecking order” of Chinese capital market: Effects of convertible bonds’ issue announcements, Frontiers of Business Research in China, 1(2), 254-274 (2007)
  • [208] L Han, F Zhou, Knowledge fusion based on D-S evidence theory and its application, Journal of Beijing University of Aeronautics and Astronautics, 32(1), 65-68 (2006)
  • [209] Z Fang, H Liyan, A survey of multi-sensor information fusion technology [j], Journal of Telemetry, Tracking and Command, 27(3), 1-7 (2006)
  • [210] L Han, W Chen, The Generalization of-Fuzzy Measures with Application to the Fuzzy Option, International Conference on Fuzzy Systems and Knowledge Discovery, 762-765 (2006)
  • [211] D Feng, H Liyan, Empirical study on the effects of transparency in Chinese stock market, Economic Research Journal, 5, 87-96 (2006)
  • [212] F Dong, L Han, D Li, Pre-trade transparency and market quality: Evidence from China a shares markets, International Symposium on Econometric Theory and Application (SETA2006) (2006)
  • [213] M Zhou, L Han, Modeling knowledge flow with petri net, Computer Engineering and Designing, 26, 2149-2152 (2005)
  • [214] Y Shiren, H Liyan, Z Chunying, The application of intelligent fuzzy self tuning PID controller, Proceedings of the 3rd World Congress on Intelligent Control and Automation (2000)
  • [215] Q Chen, L Han, C Sun, Are the Chinese Listed Firms Expropriated by The Controlling Shareholders in Asset and Share Acquisitions?, Beijing: School of Economics&management, Beihang University (2000)
  • [216] H Liyan, W Peizhuang, Application of fuzzy mathematics [M], Capital University of Economics and Business (1998)
  • [217] L Han, G Thury, Testing for seasonal integration and cointegration: the Austrian consumption income relationship, Empirical Economics, 22, 331-344 (1997)
  • [218] S Jia, X Chen, L Han, J JIN, Valuing the Invisible: The Consequences of Investor Climate Change Attention on Commodity Multi-Layer Information Spillover Network Dynamics
  • [219] J Jin, L Han, L Wu, H Zeng, Exploring the Sources of Systemic Risk and Hedging Strategies in Energy and Stock Markets
  • [220] L SHI, Y WANG, D CHEN, L HAN, YAN PIAO, C GOU, PRESENTATION FOR
  • [221] L Yin, L Han, Multi-period strategic asset allocation and intertemporal hedging demands for commodities: International evidence
  • [222] L Shi, L Han, Y Wang, D Chen, Y Piao, C Gou, Market Crowd Trading Conditioning, Agreement Price, and Volume Implications
  • [223] L Han, Q Lv, L Yin, Oil volatility effect on stock networking
  • [224] K Zheng, L Han, L Yang, Spillover Effects between Developed and Emerging Markets with Investment Obstacles: Theory and Empirical Evidence from Copper Futures Markets
  • [225] X Jiang, L Han, L Yin, North American Journal of Economics and Finance
  • [226] Fan Feng, Liyan Han , Jiayu Jin and Youwei Li (In alphabatic order), Climate Change Exposure and Bankruptcy Risk, British Journal of Management，（ABS4), 35, 1843–1866 (2024)
  • [227] 韩立岩，赵尚梅, 《宏观经济学12讲：中国情景》, 北京大学出版社(2022)
  • [228] 张 群、朱佳青、韩立岩（通讯）, 重大突发事件冲击下产业出口 竞争力的波动研究, 统计研究, 40(5), 90-102 (2023)
  • [229] Dexiang Wu a,* , Huihui Cheng a , Cuicui Luo b , Liyan Han, Does government initiated corporate social responsibility lower the default risk? Evidence from the targeted poverty alleviation campaign in China, Pacific-Basin Finance Journal, 76(101881) (2022)

 

Update Time: 2025-07-26 11:00:06