Miao Meng (苗萌)

Polluted IPOs

Meng Miao, Wei Wang, and Zhengyu Zuo · American Economic Journal: Economic Policy · Forthcoming

This paper studies how air pollution affects regulatory decision-making in China’s IPO review process. It finds that polluted days are associated with higher approval rates, consistent with reduced reviewer cognitive capacity in a politically influenced approval system.

Eclipses and the Memory of Revolutions: Evidence from China

Meng Miao, Jacopo Ponticelli, and Yi Shao · American Economic Journal: Applied Economics · Conditionally accepted

This paper studies the long-run persistence of anti-government protest in China. Exploiting variation in historical solar-eclipse visibility, it shows how past rebellions, collective memory, and local institutional legacies shaped participation in the 1911 Revolution.

Nonperforming Loan Disposals Without Resolution

Ben Charoenwong, Meng Miao, and Tianyue Ruan · Management Science (2024)

This paper examines whether selling nonperforming loans amounts to resolving the underlying financial distress. It shows how disposal without resolution can reshape incentives and resource allocation, with implications for banking governance and financial stability.

The Role of Local Officials in Promoting Public Participation during Local Urban Planning Processes: Evidence from Chinese Cities

Haiyun Xu, Meng Miao, Fangyu Zhu, and Qi Ding · Land Use Policy 141 (2024): 107108

This paper examines how local officials shape public participation in urban planning. Using evidence from Chinese cities, it shows how administrative actors influence the opportunities and incentives for citizens to engage in local planning processes.

Property Rights, Political Connections, and Corporate Investment

Meng Miao, Dragon Yongjun Tang, Lixin Colin Xu, and Xiao Yan · Review of Finance 28(2) (2024): 593–619

This article studies how property rights and political connections jointly shape corporate investment. It links institutional conditions to capital allocation by asking how formal rights and informal political access influence firms’ investment decisions.

Contracting without Contracting Institutions: The Trusted Assistant Loan in 19th Century China

Meng Miao, Guanjie Niu, and Thomas Noe · Journal of Financial Economics 140(3) (2021): 987–1007

This paper examines how lending can be sustained where formal contract enforcement is weak. Using evidence from nineteenth-century China, it shows how trusted assistants helped organize credible financial exchange through relational governance.

Property Rights, Secured Debt and Creditors Runs: Evidence from Distressed Firms in China

Julian Franks, Meng Miao, and Oren Sussman · Review of Financial Studies · R&R (Round 2)

Dynamic Multitasking over Political Terms: Bureaucratic Attention and Firm Outcomes

Meng Miao, Hong Ru, and Shang Zeng · Under Review

Political Persuasion in the Information Age: Results from a Field Experiment

Raymond Fisman, Yiying Li, and Meng Miao · Under Review

Digital Disruption and the Political Reorientation of News Production: Evidence from Mobile Broadband in China

Lingtian Bu and Meng Miao · Under Review