Heterogeneous Effects of Different Types of Bitcoin Investors on Market Volatility. - Zhiyong Liu; Changjian Lu (PACIS, 2023)

The Impact of Delegation Mechanism on the Governance of Decentralized Autonomous Organizations. - Changjian Lu; Zhiyong Liu; Peining He (PACIS, 2024)

Dynamic Impacts of Token Mechanisms in Decentralized Autonomous Organizations. - Zhiyong Liu; Changjian Lu (PACIS, 2025)

The Impact of Delegation Mechanism on Governance Participation in DAOs. - Zhiyong Liu; Feixu Lu; Changjian Lu (PACIS, 2025)