韩立岩 - 北京雁栖湖应用数学研究院

团队: 数字经济

办公室: A3-1-302

邮箱: lyhan@bimsa.cn

研究方向: 资产定价、汇率、金融科技、绿色金融

个人简介

韩立岩，北京雁栖湖应用数学研究院数字经济实验室研究员，原北航经济学二级岗责任教授，博导。北京市教学名师、中国数量经济杰出学者，享受国务院政府津贴。90年代博士研究方向为模糊信息与知识工程。当前研究领域：金融科技、汇率与货币政策、绿色金融。

研究兴趣

汇率
金融科技
资产定价
绿色金融

教育经历

1988 - 1991 北京师范大学 数学博士 研究方向：模糊信息与知识工程 (Supervisor: 汪培庄)
1984 - 1986 北京师范大学 数学硕士
1978 - 1982 北京师范大学 数学学士

工作经历

2020 - 2022 珠海复旦创新研究院 金融科技首席科学家
2000 - 2020 北航大学 教授
1994 - 1995 维也纳经济大学 博士后 Economics
1982 - 2000 首都经济贸易大学 教授

荣誉与奖项

2017 中国数量经济杰出学者
2013 北京市教学成果二等奖
2012 中航工业集团科技委委员暨顾问 2012-now
2012 新华文轩（A+H股）、柳工股份（A股）、航天投资控股有限公司独立董事 2012-2021
2012 北京市教学名师
2011 北京市教书育人先进个人
2009 全国挑战杯优秀指导教师（学生特等奖）
2008 中国软科学研究会常务理事 2008-2018
2005 国防科技进步三等奖
2003 中国金融学年会理事 2003-now
2003 中国数量经济学会常务理事暨学术委员 2003-now
2002 中国金融系统工程专业委员会理事 2002-now
1993 国务院政府特殊津贴 1993-now
1993 北京市高校（青年）学科带头人
1991 高校优秀教材国家教委一等奖

出版物

[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)

更新时间: 2025-08-31 16:00:05