Dr Yukun Shi

  • Senior Lecturer in Accounting and Finance with Data Analytics (Accounting & Finance)

Biography

Yukun joined the Adam Smith Business School in April 2018 as a Senior Lecturer in Accounting and Finance with Data Analytics. Prior to coming to Glasgow, he taught at the University of Leicester and Middlesex University.  He holds a PhD in Finance from Durham University and is a CFA Charterholder.  Yukun is also an academic consultant in Moody’s Analytics.

Research interests

  • Asset Pricing
  • Corporate Finance
  • Energy and Environmental Economics and Finance
  • Quantitative Finance

Publications

List by: Type | Date

Jump to: 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015
Number of items: 44.

2025

Zhang, Hao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Han, Dun, Liu, Pei and Xu, Yaofei (2025) The term structure of credit default swap spreads and the cross section of options returns. Journal of Futures Markets, (doi: 10.1002/fut.22582) (Early Online Publication)

Jiang, Zhonghao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Xing, Lu ORCID logoORCID: https://orcid.org/0000-0002-0490-9970 (2025) Social connectedness and cross-border mergers and acquisitions. Journal of Empirical Finance, 81, 101582. (doi: 10.1016/j.jempfin.2025.101582)

2024

Wang, Zongrun, Zhang, Taiyu, Ren, Xiaohang and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2024) AI adoption rate and corporate green innovation efficiency: evidence from Chinese energy companies. Energy Economics, 132, 107499. (doi: 10.1016/j.eneco.2024.107499)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhu, Kairan (2024) Unraveling the impact of bank loan spread on corporate innovation: evidence from China. Economic Modelling, 130, 106559. (doi: 10.1016/j.econmod.2023.106559)

2023

Jia, Zhehao, Li, Donghui, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Xing, Lu ORCID logoORCID: https://orcid.org/0000-0002-0490-9970 (2023) Firm-level media coverage, bank loans, and the role of institutional environments. Journal of Corporate Finance, 83, 102491. (doi: 10.1016/j.jcorpfin.2023.102491)

Ding, Rong, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhou, Hang (2023) Social media coverage and post-earnings announcement drift: evidence from seeking alpha. European Journal of Finance, 29(2), pp. 207-227. (doi: 10.1080/1351847X.2021.2022508)

Dong, Kangyin, Zhao, Jun, Ren, Xiaohang and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2023) Environmental regulation, human capital, and pollutant emissions: the case of SO2 emissions for China. Journal of Chinese Economic and Business Studies, 21(1), pp. 111-135. (doi: 10.1080/14765284.2022.2106539)

2022

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Chen, Ding, Guo, Biao, Xu, Yaofei and Yan, Cheng (2022) The information content of CDS implied volatility and associated trading strategies. International Review of Financial Analysis, 83, 102295. (doi: 10.1016/j.irfa.2022.102295)

Shi, Yunkun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Stasinakis, Charalampos ORCID logoORCID: https://orcid.org/0000-0003-1017-5173, Xu, Yaofei, Yan, Cheng and Zhang, Xuan (2022) Stock price default boundary: A Black-Cox model approach. International Review of Financial Analysis, 83, 102284. (doi: 10.1016/j.irfa.2022.102284)

Zhou, Dinggen, Liu, Yanguang, Ren, Xiaohang, Yan, Cheng and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Economic agglomeration and product quality upgrading: evidence from China. Journal of Chinese Economic and Business Studies, 20(4), pp. 377-395. (doi: 10.1080/14765284.2021.1985933)

Ren, Xiaohang, Li, Jingyao and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Can digital economic attention spillover to financial markets? Evidence from the time-varying Granger test. Journal of Digital Economy, 1(2), pp. 102-116. (doi: 10.1016/j.jdec.2022.11.002)

Li, Danyang, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Xu, Liao, Xu, Yahua and Zhao, Yang (2022) Dynamic asymmetric dependence and portfolio management in cryptocurrency markets. Finance Research Letters, 48, 102829. (doi: 10.1016/j.frl.2022.102829)

Yuan, George X., Yan, Chengxing, Zhou, Yunpeng, Liu, Haiyang, Qian, Guoqi and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Credit risk analysis of Chinese companies by applying the CAFÉ Approach. In: Wang, Yang, Zhu, Guobin, Han, Qilong, Zhang, Liehui, Song, Xianhua and Lu, Zeguang (eds.) Data Science: 8th International Conference of Pioneering Computer Scientists, Engineers and Educators, ICPCSEE 2022, Chengdu, China, August 19–22, 2022, Proceedings, Part II. Series: Communications in computer and information science (1629). Springer: Singapore, pp. 475-502. ISBN 9789811952081 (doi: 10.1007/978-981-19-5209-8_33)

Pang, Yang, Shi, Shimeng, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2022) A nonlinear dynamic approach to cash flow forecasting. Review of Quantitative Finance and Accounting, 59(1), pp. 205-237. (doi: 10.1007/s11156-022-01066-8)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Stasinakis, Charalampos ORCID logoORCID: https://orcid.org/0000-0003-1017-5173, Xu, Yaofei and Yan, Cheng (2022) Market co-movement between credit default swap curves and option volatility surfaces. International Review of Financial Analysis, 82, 102192. (doi: 10.1016/j.irfa.2022.102192)

He, Zhongda, Guo, Biao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2022) Natural disasters and CSR: Evidence from China. Pacific-Basin Finance Journal, 73, 101777. (doi: 10.1016/j.pacfin.2022.101777)

Yang, Junhong, Guariglia, Alessandra, Peng, Yuchao and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Inventory investment and the choice of financing: does financial development play a role? Journal of Corporate Finance, 74, 102139. (doi: 10.1016/j.jcorpfin.2021.102139)

Ren, Xiaohang, Duan, Kun, Tao, Lizhu, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Yan, Cheng (2022) Carbon prices forecasting in quantiles. Energy Economics, 108, 105862. (doi: 10.1016/j.eneco.2022.105862)

Liu, Pei, Peng, Yuchao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Yang, Junhong (2022) Financial structures, political risk and economic growth. European Journal of Finance, 28(4-5), pp. 356-376. (doi: 10.1080/1351847X.2021.1879888)

Ren, Xiaoheng, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Jin, Chenglu (2022) Climate policy uncertainty and corporate investment: evidence from the Chinese energy industry. Carbon Neutrality, 1, 14. (doi: 10.1007/s43979-022-00008-6)

2021

Yang, Guang, Huang, Ruixian, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Jia, Zhehao (2021) Does a CEO's private reputation impede corporate governance? Economic Modelling, 104, 105640. (doi: 10.1016/j.econmod.2021.105640)

Duan, Kun, Ren, Xiaohang, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Mishra, Tapas and Yan, Cheng (2021) The marginal impacts of energy prices on carbon price variations: evidence from a quantile-on-quantile approach. Energy Economics, 95, 105131. (doi: 10.1016/j.eneco.2021.105131)

Fang, Yi, Jing, Zhongbo, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2021) Financial spillovers and spillbacks: new evidence from China and G7 countries. Economic Modelling, 94, pp. 184-200. (doi: 10.1016/j.econmod.2020.09.022)

Shi, Shimeng and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2021) Bitcoin futures: trade it or ban it? European Journal of Finance, 27(4-5), pp. 381-396. (doi: 10.1080/1351847X.2019.1647865)

2020

Zhao, Ningru, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Sun, Yang and Miao, Jiaming (2020) Aggregate labor market fluctuations under news shocks. Economic Modelling, 90, pp. 397-405. (doi: 10.1016/j.econmod.2019.12.018)

Xu, Liao, Gao, Han, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2020) The heterogeneous volume-volatility relations in the exchange-traded fund market: evidence from China. Economic Modelling, 85, pp. 400-408. (doi: 10.1016/j.econmod.2019.11.019)

Hu, Haoshen, Prokop, Jörg, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Trautwein, Hans-Michael (2020) The rating spillover from banks to sovereigns: an empirical investigation across the European Union. Journal of International Financial Markets, Institutions and Money, 64, 101161. (doi: 10.1016/j.intfin.2019.101161)

Gao, Han, Shen, Zhuyi, Li, Yichen, Mao, Xuxin and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2020) Institutional investors, real earnings management and cost of equity: Evidence from listed high-tech firms in China. Emerging Markets Finance and Trade, 56(14), pp. 3490-3506. (doi: 10.1080/1540496x.2019.1650348)

Guo, Biao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Xu, Yaofei (2020) Volatility information difference between CDS, options, and the cross section of options returns. Quantitative Finance, 20(12), pp. 2025-2036. (doi: 10.1080/14697688.2020.1814018)

Jia, Zhehao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Yan, Cheng and Duygun, Meryem (2020) Bankruptcy prediction with financial systemic risk. European Journal of Finance, 26(7-8), pp. 666-690. (doi: 10.1080/1351847X.2019.1656095)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Paramati, Sudharshan Reddy and Ren, Xiaohang (2020) The growth of carbon markets in Asia: the potential challenges for future development. In: Huang, Bihong and Yu, Eden (eds.) Ways to Achieve Green Asia. ADBI, pp. 125-152. ISBN 9784899742111

2019

Yan, Dan, Kong, Ying, Ye, Bin, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zeng, Xinyang (2019) Spatial variation of energy efficiency based on a Super-Slack-Based Measure: Evidence from 104 resource-based cities. Journal of Cleaner Production, 240, 117669. (doi: 10.1016/j.jclepro.2019.117669)

Paramati, Sudharshan Reddy, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2019) Environmental Challenges and Sustainable Economic Development in the People's Republic of China: The Role of Renewable Energy across Provinces. ADBI Working Paper 1050. Working Paper. Asian Development Bank Institute.

Yan, Dan, Kong, Ying, Ren, Xiaohang, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Chiang, SumWai (2019) The determinants of urban sustainability in Chinese resource-based cities: A panel quantile regression approach. Science of the Total Environment, 686, pp. 1210-1219. (doi: 10.1016/j.scitotenv.2019.05.386)

Ren, Xiaohang, Lu, Zudi, Cheng, Cheng, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Shen, Jian (2019) On dynamic linkages of the state natural gas markets in the USA: evidence from an empirical spatio-temporal network quantile analysis. Energy Economics, 80, pp. 234-252. (doi: 10.1016/j.eneco.2019.01.001)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Zhang, Hao, Xu, Yaofei and Zhao, Yang (2019) The term structure of option-implied volatility and future realized volatility. Emerging Markets Finance and Trade, 55(13), pp. 2997-3022. (doi: 10.1080/1540496X.2019.1612360)

2018

Cheng, Cheng, Ren, Xiaohang, Wang, Zhen and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2018) The impacts of non-fossil energy, economic growth, energy consumption, and oil price on carbon intensity: evidence from a panel quantile regression analysis of EU 28. Sustainability, 10(11), 4067. (doi: 10.3390/su10114067)

Kutan, Ali M., Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Wei, Mingzhe and Zhao, Yang (2018) Does the introduction of index futures stabilize stock markets? Further evidence from emerging markets. International Review of Economics and Finance, 57, pp. 183-197. (doi: 10.1016/j.iref.2018.01.003)

Yan, Dan, Lei, Yalin, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Zhu, Qing, Li, Li and Zhang, Zhien (2018) Evolution of the spatiotemporal pattern of PM2.5 concentrations in China – a case study from the Beijing-Tianjin-Hebei region. Atmospheric Environment, 183, pp. 225-233. (doi: 10.1016/j.atmosenv.2018.03.041)

Zhao, Yang, Stasinakis, Charalampos ORCID logoORCID: https://orcid.org/0000-0003-1017-5173, Sermpinis, Georgios ORCID logoORCID: https://orcid.org/0000-0002-7341-8913 and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2018) Neural network copula portfolio optimization for exchange traded funds. Quantitative Finance, 18(5), pp. 761-775. (doi: 10.1080/14697688.2017.1414505)

2017

Park, Jin Suk and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2017) Hedging and speculative pressures and the transition of the spot-futures relationship in energy and metal markets. International Review of Financial Analysis, 54, pp. 176-191. (doi: 10.1016/j.irfa.2016.12.001)

2016

Philip, Dennis and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2016) Optimal hedging in carbon emission markets using Markov regime switching models. Journal of International Financial Markets, Institutions and Money, 43, pp. 1-15. (doi: 10.1016/j.intfin.2016.03.003)

2015

Philip, Dennis and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2015) Impact of allowance submissions in European carbon emission markets. International Review of Financial Analysis, 40, pp. 27-37. (doi: 10.1016/j.irfa.2015.05.004)

Chau, Frankie, Kuo, Jing-Ming and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2015) Arbitrage opportunities and feedback trading in emissions and energy markets. Journal of International Financial Markets, Institutions and Money, 36, pp. 130-147. (doi: 10.1016/j.intfin.2015.02.002)

This list was generated on Mon Jun 30 06:56:58 2025 BST.
Jump to: Articles | Book Sections | Research Reports or Papers
Number of items: 44.

Articles

Zhang, Hao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Han, Dun, Liu, Pei and Xu, Yaofei (2025) The term structure of credit default swap spreads and the cross section of options returns. Journal of Futures Markets, (doi: 10.1002/fut.22582) (Early Online Publication)

Jiang, Zhonghao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Xing, Lu ORCID logoORCID: https://orcid.org/0000-0002-0490-9970 (2025) Social connectedness and cross-border mergers and acquisitions. Journal of Empirical Finance, 81, 101582. (doi: 10.1016/j.jempfin.2025.101582)

Wang, Zongrun, Zhang, Taiyu, Ren, Xiaohang and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2024) AI adoption rate and corporate green innovation efficiency: evidence from Chinese energy companies. Energy Economics, 132, 107499. (doi: 10.1016/j.eneco.2024.107499)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhu, Kairan (2024) Unraveling the impact of bank loan spread on corporate innovation: evidence from China. Economic Modelling, 130, 106559. (doi: 10.1016/j.econmod.2023.106559)

Jia, Zhehao, Li, Donghui, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Xing, Lu ORCID logoORCID: https://orcid.org/0000-0002-0490-9970 (2023) Firm-level media coverage, bank loans, and the role of institutional environments. Journal of Corporate Finance, 83, 102491. (doi: 10.1016/j.jcorpfin.2023.102491)

Ding, Rong, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhou, Hang (2023) Social media coverage and post-earnings announcement drift: evidence from seeking alpha. European Journal of Finance, 29(2), pp. 207-227. (doi: 10.1080/1351847X.2021.2022508)

Dong, Kangyin, Zhao, Jun, Ren, Xiaohang and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2023) Environmental regulation, human capital, and pollutant emissions: the case of SO2 emissions for China. Journal of Chinese Economic and Business Studies, 21(1), pp. 111-135. (doi: 10.1080/14765284.2022.2106539)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Chen, Ding, Guo, Biao, Xu, Yaofei and Yan, Cheng (2022) The information content of CDS implied volatility and associated trading strategies. International Review of Financial Analysis, 83, 102295. (doi: 10.1016/j.irfa.2022.102295)

Shi, Yunkun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Stasinakis, Charalampos ORCID logoORCID: https://orcid.org/0000-0003-1017-5173, Xu, Yaofei, Yan, Cheng and Zhang, Xuan (2022) Stock price default boundary: A Black-Cox model approach. International Review of Financial Analysis, 83, 102284. (doi: 10.1016/j.irfa.2022.102284)

Zhou, Dinggen, Liu, Yanguang, Ren, Xiaohang, Yan, Cheng and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Economic agglomeration and product quality upgrading: evidence from China. Journal of Chinese Economic and Business Studies, 20(4), pp. 377-395. (doi: 10.1080/14765284.2021.1985933)

Ren, Xiaohang, Li, Jingyao and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Can digital economic attention spillover to financial markets? Evidence from the time-varying Granger test. Journal of Digital Economy, 1(2), pp. 102-116. (doi: 10.1016/j.jdec.2022.11.002)

Li, Danyang, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Xu, Liao, Xu, Yahua and Zhao, Yang (2022) Dynamic asymmetric dependence and portfolio management in cryptocurrency markets. Finance Research Letters, 48, 102829. (doi: 10.1016/j.frl.2022.102829)

Pang, Yang, Shi, Shimeng, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2022) A nonlinear dynamic approach to cash flow forecasting. Review of Quantitative Finance and Accounting, 59(1), pp. 205-237. (doi: 10.1007/s11156-022-01066-8)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Stasinakis, Charalampos ORCID logoORCID: https://orcid.org/0000-0003-1017-5173, Xu, Yaofei and Yan, Cheng (2022) Market co-movement between credit default swap curves and option volatility surfaces. International Review of Financial Analysis, 82, 102192. (doi: 10.1016/j.irfa.2022.102192)

He, Zhongda, Guo, Biao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2022) Natural disasters and CSR: Evidence from China. Pacific-Basin Finance Journal, 73, 101777. (doi: 10.1016/j.pacfin.2022.101777)

Yang, Junhong, Guariglia, Alessandra, Peng, Yuchao and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Inventory investment and the choice of financing: does financial development play a role? Journal of Corporate Finance, 74, 102139. (doi: 10.1016/j.jcorpfin.2021.102139)

Ren, Xiaohang, Duan, Kun, Tao, Lizhu, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Yan, Cheng (2022) Carbon prices forecasting in quantiles. Energy Economics, 108, 105862. (doi: 10.1016/j.eneco.2022.105862)

Liu, Pei, Peng, Yuchao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Yang, Junhong (2022) Financial structures, political risk and economic growth. European Journal of Finance, 28(4-5), pp. 356-376. (doi: 10.1080/1351847X.2021.1879888)

Ren, Xiaoheng, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Jin, Chenglu (2022) Climate policy uncertainty and corporate investment: evidence from the Chinese energy industry. Carbon Neutrality, 1, 14. (doi: 10.1007/s43979-022-00008-6)

Yang, Guang, Huang, Ruixian, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Jia, Zhehao (2021) Does a CEO's private reputation impede corporate governance? Economic Modelling, 104, 105640. (doi: 10.1016/j.econmod.2021.105640)

Duan, Kun, Ren, Xiaohang, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Mishra, Tapas and Yan, Cheng (2021) The marginal impacts of energy prices on carbon price variations: evidence from a quantile-on-quantile approach. Energy Economics, 95, 105131. (doi: 10.1016/j.eneco.2021.105131)

Fang, Yi, Jing, Zhongbo, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2021) Financial spillovers and spillbacks: new evidence from China and G7 countries. Economic Modelling, 94, pp. 184-200. (doi: 10.1016/j.econmod.2020.09.022)

Shi, Shimeng and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2021) Bitcoin futures: trade it or ban it? European Journal of Finance, 27(4-5), pp. 381-396. (doi: 10.1080/1351847X.2019.1647865)

Zhao, Ningru, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Sun, Yang and Miao, Jiaming (2020) Aggregate labor market fluctuations under news shocks. Economic Modelling, 90, pp. 397-405. (doi: 10.1016/j.econmod.2019.12.018)

Xu, Liao, Gao, Han, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2020) The heterogeneous volume-volatility relations in the exchange-traded fund market: evidence from China. Economic Modelling, 85, pp. 400-408. (doi: 10.1016/j.econmod.2019.11.019)

Hu, Haoshen, Prokop, Jörg, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Trautwein, Hans-Michael (2020) The rating spillover from banks to sovereigns: an empirical investigation across the European Union. Journal of International Financial Markets, Institutions and Money, 64, 101161. (doi: 10.1016/j.intfin.2019.101161)

Gao, Han, Shen, Zhuyi, Li, Yichen, Mao, Xuxin and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2020) Institutional investors, real earnings management and cost of equity: Evidence from listed high-tech firms in China. Emerging Markets Finance and Trade, 56(14), pp. 3490-3506. (doi: 10.1080/1540496x.2019.1650348)

Guo, Biao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Xu, Yaofei (2020) Volatility information difference between CDS, options, and the cross section of options returns. Quantitative Finance, 20(12), pp. 2025-2036. (doi: 10.1080/14697688.2020.1814018)

Jia, Zhehao, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Yan, Cheng and Duygun, Meryem (2020) Bankruptcy prediction with financial systemic risk. European Journal of Finance, 26(7-8), pp. 666-690. (doi: 10.1080/1351847X.2019.1656095)

Yan, Dan, Kong, Ying, Ye, Bin, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zeng, Xinyang (2019) Spatial variation of energy efficiency based on a Super-Slack-Based Measure: Evidence from 104 resource-based cities. Journal of Cleaner Production, 240, 117669. (doi: 10.1016/j.jclepro.2019.117669)

Yan, Dan, Kong, Ying, Ren, Xiaohang, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Chiang, SumWai (2019) The determinants of urban sustainability in Chinese resource-based cities: A panel quantile regression approach. Science of the Total Environment, 686, pp. 1210-1219. (doi: 10.1016/j.scitotenv.2019.05.386)

Ren, Xiaohang, Lu, Zudi, Cheng, Cheng, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Shen, Jian (2019) On dynamic linkages of the state natural gas markets in the USA: evidence from an empirical spatio-temporal network quantile analysis. Energy Economics, 80, pp. 234-252. (doi: 10.1016/j.eneco.2019.01.001)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Zhang, Hao, Xu, Yaofei and Zhao, Yang (2019) The term structure of option-implied volatility and future realized volatility. Emerging Markets Finance and Trade, 55(13), pp. 2997-3022. (doi: 10.1080/1540496X.2019.1612360)

Cheng, Cheng, Ren, Xiaohang, Wang, Zhen and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2018) The impacts of non-fossil energy, economic growth, energy consumption, and oil price on carbon intensity: evidence from a panel quantile regression analysis of EU 28. Sustainability, 10(11), 4067. (doi: 10.3390/su10114067)

Kutan, Ali M., Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Wei, Mingzhe and Zhao, Yang (2018) Does the introduction of index futures stabilize stock markets? Further evidence from emerging markets. International Review of Economics and Finance, 57, pp. 183-197. (doi: 10.1016/j.iref.2018.01.003)

Yan, Dan, Lei, Yalin, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Zhu, Qing, Li, Li and Zhang, Zhien (2018) Evolution of the spatiotemporal pattern of PM2.5 concentrations in China – a case study from the Beijing-Tianjin-Hebei region. Atmospheric Environment, 183, pp. 225-233. (doi: 10.1016/j.atmosenv.2018.03.041)

Zhao, Yang, Stasinakis, Charalampos ORCID logoORCID: https://orcid.org/0000-0003-1017-5173, Sermpinis, Georgios ORCID logoORCID: https://orcid.org/0000-0002-7341-8913 and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2018) Neural network copula portfolio optimization for exchange traded funds. Quantitative Finance, 18(5), pp. 761-775. (doi: 10.1080/14697688.2017.1414505)

Park, Jin Suk and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2017) Hedging and speculative pressures and the transition of the spot-futures relationship in energy and metal markets. International Review of Financial Analysis, 54, pp. 176-191. (doi: 10.1016/j.irfa.2016.12.001)

Philip, Dennis and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2016) Optimal hedging in carbon emission markets using Markov regime switching models. Journal of International Financial Markets, Institutions and Money, 43, pp. 1-15. (doi: 10.1016/j.intfin.2016.03.003)

Philip, Dennis and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2015) Impact of allowance submissions in European carbon emission markets. International Review of Financial Analysis, 40, pp. 27-37. (doi: 10.1016/j.irfa.2015.05.004)

Chau, Frankie, Kuo, Jing-Ming and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2015) Arbitrage opportunities and feedback trading in emissions and energy markets. Journal of International Financial Markets, Institutions and Money, 36, pp. 130-147. (doi: 10.1016/j.intfin.2015.02.002)

Book Sections

Yuan, George X., Yan, Chengxing, Zhou, Yunpeng, Liu, Haiyang, Qian, Guoqi and Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X (2022) Credit risk analysis of Chinese companies by applying the CAFÉ Approach. In: Wang, Yang, Zhu, Guobin, Han, Qilong, Zhang, Liehui, Song, Xianhua and Lu, Zeguang (eds.) Data Science: 8th International Conference of Pioneering Computer Scientists, Engineers and Educators, ICPCSEE 2022, Chengdu, China, August 19–22, 2022, Proceedings, Part II. Series: Communications in computer and information science (1629). Springer: Singapore, pp. 475-502. ISBN 9789811952081 (doi: 10.1007/978-981-19-5209-8_33)

Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X, Paramati, Sudharshan Reddy and Ren, Xiaohang (2020) The growth of carbon markets in Asia: the potential challenges for future development. In: Huang, Bihong and Yu, Eden (eds.) Ways to Achieve Green Asia. ADBI, pp. 125-152. ISBN 9784899742111

Research Reports or Papers

Paramati, Sudharshan Reddy, Shi, Yukun ORCID logoORCID: https://orcid.org/0000-0002-6917-221X and Zhao, Yang (2019) Environmental Challenges and Sustainable Economic Development in the People's Republic of China: The Role of Renewable Energy across Provinces. ADBI Working Paper 1050. Working Paper. Asian Development Bank Institute.

This list was generated on Mon Jun 30 06:56:58 2025 BST.

Grants

“Momentum Strategies under the scope of market microstructure in the Foreign Exchange Market” ULSB research development fund, £2250, with Zhiyong Li

“Uncovered Equity ‘Disparity’ in Emerging Markets”, Newton Fund Official Development Assistance Allocation 2017, £7707, with Cheng Yan et al.

“The relationship between Chinese carbon spot and futures markets” 2017, £2276, China Clean Energy Fund.

“Developing a regional carbon emission market in Wuhu, China” £10,000, with Fanlin Ran and Meng Shen (2016). Wuhu City Government

Enterprise and Knowledge Exchange Travel Fund, University of Leicester, 2016, £950.


Yukun Shi