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Introduction
(1) Extreme climate change and rural financial stability
(2) Financial complex network and financial system stability
Current institution
Publications
Publications (24)
Natural disasters exert a profound influence on agricultural production and the stable development of rural financial systems. This paper utilizes a multi-agent modeling approach to construct a theoretical framework for understanding the transmission of agricultural credit risk in the context of natural disasters, and empirically examines the under...
In the context of global economic digitalization, financial information is highly susceptible to internet financial public opinion due to the overwhelming and misleading nature of information on internet platforms. This paper delves into the core entities in the diffusion process of internet financial public opinions, including financial institutio...
This study empirically investigates the impact of climate change on credit risks in rural financial institutions, emphasizing transition risk. We analyzed data from 202 rural financial institutions across, China spanning 2012 to 2020. The empirical findings reveal the following: Firstly, climate change exerts an inverted U‐shaped influence on credi...
Green finance is a significant step to achieving environmentally sustainable development in the context of carbon neutrality. Based on the perspective of the stock correlation network, we select 51 green and environmental protection enterprises and construct the stock correlation network model in China's green financial market according to the corr...
Green finance is a significant step to achieving environmentally sustainable development in the context of carbon neutrality. Based on the perspective of the stock correlation network, we select 51 green and environmental protection enterprises and construct the stock correlation network model in China’s green financial market according to the corr...
Purpose: The study aims to investigate the role of green innovation
subsidy policies (GISPs) in reducing the systemic risk (SR) of green
innovative enterprises (GIEs).
Methodology: This paper studies the subject behaviours and system
evolution rules to construct the artificial GIEs system, and investigates
the effects of the GISP intervention and t...
The stability of the interbank market is an essential guarantee for the sustainable development of society. Network entropy theory provides a critical research paradigm for the study of the stability of the interbank market. Considering that few scholars have conducted in-depth analysis on the influencing factors of the network entropy’s evolution...
In this study, we investigate the most common forms of government grant in green start-ups, which are appropriation, interest-free bank loans, and tax subsidies. These mechanisms are used to mitigate the problem of higher research costs and sunk costs of start-ups on green innovation and help venture investors better monitor the business plan, asse...
Corporate green innovation has played a crucial role in balancing profitability and environmental protection. The existing research on determinant factors of green innovation has its main defects in emphasizing excessively enterprise’s formal institutional environment and neglecting the informal institutional environment, causing an incomplete unde...
Based on the correlation of stock price volatility, this paper constructs a stock correlation network model in the Chinese new energy market, focusing on the dynamic evolution of the stock correlation network and its influencing factors. The results show that: (i) the stock correlation network displays the small world feature in the dynamic evoluti...
Green financial stock is an important embodiment of the social sustainable value. The complex network theory provides an important research paradigm for studying the stock correlations and the dynamic evolution characteristics in the green financial market. Considering that a few scholars have studied the green financial network, we fill this gap b...
The stability of the financial system plays a crucial role in the sustainable economic development. Hence, to identify systemically important banks and firms, we take lending relationships with different loan terms and common asset relationships with different investment cycles into consideration to present a multilayer DebtRank model of the bank-f...
We construct a complex network model of the bank-firm system. Based on the bank-firm balance sheets and their evolution behaviors, the interbank lending relationships, interfirm guarantee relationships and bank-firm lending relationships were established. Simulation results indicate that the complex network model displays a core-periphery structure...
Based on the loan data of Chinese listed companies from 2008 to 2016, this paper constructs a co-loan network of the Chinese banking system and analyzes the topological structures and corresponding evolvement characteristics from the perspective of complex network. Through the empirical studies, we find that the co-loan network always displays a co...
In this article, we propose an endogenous network model for banking systems. Starting from the balance sheets of a banking system and its update algorithms, the interbank credit lending was established based on the partner selection mechanism. Through simulation analysis, we find that the endogenous network model displays a structure with multiple...
