About the Authors

Shihao Chen

Roles Conceptualization, Methodology, Project administration, Writing – original draft

Affiliation School of Finance, Zhejiang Gongshang University, Hangzhou, China

Xiaojun Wang

Roles Formal analysis, Funding acquisition, Investigation, Writing – original draft

Affiliation School of Government Policy and Public Relations, University of Chinese Academy of Social Sciences, Beijing, China

Tian Gan

Roles Investigation, Methodology, Project administration, Validation, Writing – review & editing

gantian13917167084@163.com

Affiliation School of Business, East China University of Science and Technology, Shanghai, China

Guanqi Gui

Roles Data curation, Resources, Writing – original draft

Affiliation Investment Banking Committee Haitong Securities Co. Ltd., Shanghai, China

Competing Interests

The authors have declared that no competing interests exist.