Profile Photo

Yuelei Li (李悦雷)

Associate Professor

College of Management and Economics
Tianjin University

Address: Weijin Road 92, Nankai District, Tianjin City, China, 300072

Email: liyuelei@tju.edu.cn

CV

Hello! I am Yuelei Li, an Associate Professor at Tianjin University. My main research area is empirical corporate finance and operations management with focus on venture capital, corporate culture, sustainable operations management, entrepreneurial finance, sustainable finance, information disclosure, and text-based analysis with machine learning. And in my previous studies, I focused on the topics in debt-crowdfunding, digital finance, and agent-based modeling in complexity economics. Also, I am very interested in the theoretical works of information design and their applications on the platforms and sharing economics.

Research Interests

Research Area: Corporate Finance, Operations Management

Context: Sustainable Operations Management, Supply Chain Governance, Supply Chain Finance, Corporate Culture, Entrepreneurial Finance, Sustainable Finance, Information Disclosure

Methodology: Econometrics, Causal Inference, Machine Learning, Game Theory, Agent-Based Modeling

Publications

  1. Understanding Lenders’ Investment Behavior in Online Peer-to-Peer Lending: A Construal Level Theory Perspective. (with Yi Wu, Weiling Ke, Zhijie Lin, Yong Tan). Information System Research, 2025, 36(1):141-161.
  2. The great start of the day is morning? the roles of diurnal variations and interaction modes for investment decisions in lending-based crowdfunding. (with Yi Wu, Yi Shen, Zhijie Lin). European Journal of Information Systems, 2024, 33(4): 423-440.
  3. How do project updates influence fundraising on online medical crowdfunding platforms? Examining the dynamics of content updates. (with Yi Wu, Miao Zhang, Yi Shen, Na Liu). IEEE Transactions on Engineering Management, 2024, 71: 9135-9149.
  4. The role of narrative style in a peer-to-peer lending market: an empirical investigation. (with Xiaotao Zhang, Wei Zhang, Jieli Xing). Asia-Pacific Journal of Accounting & Economics, 2023, 30(1): 156-171.
  5. Crazy gamblers or cautious investors? Evidence from a peer‐to‐peer market in China. (with Yingxiu Zhao, Wei Zhang, Shuxing Yin, Yang Yang). The Manchester School, 2021, 89: 507-525.
  6. Expert imitation in P2P markets. (with Ge Gao, Mustafa Caglayan, Oleksandr Talavera). The Manchester School, 2021, 89: 470-485.
  7. Seeking excess returns under a posted price mechanism: Evidence from a peer‐to‐peer lending market. (with Jing Zhang, Wei Zhang, Shuxing Yin). The Manchester School, 2021, 89: 486-506.
  8. Decision time and investors’ portfolio strategies. (with Jing Zhang, Wei Zhang, Xiong Xiong, Mustafa Caglayan). Pacific-Basin Finance Journal, 2021, 68: 101344.
  9. Does irrational lead to higher returns? Evidence from the Chinese P2P lending market. (with Yingxiu Zhao, Wei Zhang, XiongXiong). Finance Research Letters, 2021, 39: 101608.
  10. The Herd Behavior on Peer-To-Peer Online Lending Markets: Evidence from China. (with Rong Liu, Ningning Chen). Discrete dynamics in Nature and Society, 2021, 649445.
  11. A Data-Analytics Approach for Risk Evaluation in Peer-to-Peer Lending Platforms. (with Feng He, Tiecheng Xu, Libo Yin, Wei Zhang, Xiaotao Zhang). IEEE Intelligent Systems, 2020, 35(3): 85-95.
  12. Network topology and systemic risk in Peer-to-Peer lending market. (with Aiting Hao, Xiaotao Zhang, Xiong Xiong). Physica A: Statistical Mechanics and its Applications, 2018, 508: 118-130.
  13. Visual analysis of risks in peer-to-peer lending market. (with Zhao Xiao, Kang Zhang). Personal and Ubiquitous Computing, 2018, 22(4): 825-838.
  14. Are Price Limits Effective? An Examination of an Artificial Stock Market. (with Xiaotao Zhang , Jing Ping , Tao Zhu, Xiong Xiong). PLoS ONE, 2016, 11(8): e0160406.
  15. An Improved Platform for Multi-Agent Based Stock Market Simulation in Distributed Environment. (with Ce Yu, Xiang Chen Chunyu Wang, Hutong Wu, Jizhou Sun, Xiaotao Zhang). IEICE Transactions on Information and Systems, 2015, 98(10): 1727-1735.
  16. Calibration of the agent-based continuous double auction stock market by scaling analysis. (with Wei Zhang, Yongjie Zhang, Xiaotao Zhang, Xiong Xiong). Information Sciences, 2014, 256:46-56.

Papers in Chinese

  1. 异质信念投资者的交互行为对资产价格的影响. (with 夏瑞萌). 系统工程理论与实践, 2022, 42(12): 3216-3230.
  2. 金融投资中的教育溢价及其性别异质性——基于P2P网贷投资的实证检验. (with 丁杰, 曾燕, 郭阳). 中国管理科学, 2019, 27(10):1-11.
  3. P2P网贷中双向交易者的双重信息价值及信息传递. (with 丁杰, 曾燕, 李仲飞). 南开管理评论，2018, 21(2): 4-15.
  4. 网络贷款具有贫民属性吗？谁在嫌贫爱富？——来自“人人贷”的实证证据. (with 丁杰, 曾燕). 国际金融研究, 2018(6): 86-96.
  5. 基于资产配置的损失厌恶效用参数研究. (with 张小涛, 潘琪). 管理科学学报, 2016(05)：56-67.
  6. 中国P2P小额贷款市场借贷成功率影响因素分析. (with 郭阳，张维). 金融研究, 2013, (7):126-138.
  7. 计算实验金融的思想基础与研究范式. (with 张维, 熊熊, 张永杰, 张小涛). 系统工程理论实践, 2012, (3): 495-507.
  8. 最小报价单位对市场流动性影响的计算实验研究. (with 张维, 熊熊). 管理科学, 2012, 25(1): 92-98.
  9. 基于极值相关分析方法的股指期货操纵防范研究. (with 张维，熊熊，梁朝晖). 管理科学学报, 2010, 11: 104-111.

Working Papers

  1. Digital Transformation and Cash Holding. (with Yexiao Bao)