1. School of Accounting and Finance, The Institute of Greater Bay Area Development, Beijing Institute of Technology, Zhuhai City, Guangdong Province, China
2. Department of Economics, University of California San Diego, La Jolla, California, USA
3. Research Center for Regional Financial Development, E-Commerce and New Consumption Institute, Research Center for Regional Financial Development, Zhejiang Financial College, Hangzhou, Zhejiang Province, China
4. College of Business & Economics, The Australian National University, Canberra, Australia