发表论文 PUBLICATIONS
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Costly Long-Short Strategies under Short-Sale Constraints: Chinese Evidence
Long-short portfolios based on market anomalies are subject to ubiquitous short-sale constraints
Timothy (Jun) Lu, Jinjuan Ren, Yan Zhao
ARTICLE | International Review of Finance |No. 4, Vol. 18, 2018
Keywords: Anomalies, Short-sale constraint, Shorting cost, China
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Stock liquidity and corporate diversification: Evidence from China’s split s...
We establish that stock liquidity is conducive to less corporate diversification Two potential channels are identified: the financial constraint channel and the corporate governance channel
Lifeng Gu, Yixin Wang, Wentao Yao, Yilin Zhang
ARTICLE | Journal of Empirical Finance |Vol. 49, 2018
Keywords: Stock liquidity, Corporate diversification, Financial constraintAgency problem, Corporate governance, Split share structure reform, China
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Does Ownership Matter in the Selection of Service Providers? Evidence from Nu...
This study considers the role of ownership in consumer choice of service providers in mixed-ownership industries
Avner Ben-Ner, Darla J. Hamann,Ting Ren
ARTICLE | Nonprofit and Voluntary Sector Quarterly |No. 6, Vol. 47, 2018
Keywords: Asymmetric information, Consumer choice, Search, Ownership, Nursing home
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Real Estate Soars and Financial Crises: Recent Stories
This paper studies the contribution of real estate bubble to a financial crisis
Hanwool Jang, Yena Song, Sungbin Sohn*,Kwangwon Ahn*
ARTICLE | Sustainability |Vol. 10, 2018
Keywords: Financial crash, Real estate bubble, Stock market
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Inefficiencies and Externalities from Opportunistic Acquirers
If opportunistic acquirers can buy targets using overvalued shares, then there is an inefficiency in the merger and acquisition (M&A) market: the most overvalued rather than the highest-synergy bidder may buy the target
Di Li, Lucian Taylor, Wenyu Wang
ARTICLE | Journal of Financial Economics |Vol. 130. 2018
Keywords: Mergers and acquisitions, Structural estimation, Misvaluation, Inefficiency, Externality
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Evaluation of the environmental impact assessment (EIA) of Chinese EIA in Mya...
The economic relationship between China and Myanmar is regarded as a win–win cooperation
Thiri Shwesin Aung , Luan Shengji & Sharon Condon
ARTICLE | Impact Assessment and Project Appraisal |No. 1, Vol.37, 2019
Keywords: Environmental impact assessment, Chinese EIA, Natural resources, Hydropower Dam, Copper Mine, Oil and Gas Pipelines, Myanmar
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Surplus-Invariant, Law-Invariant, and Conic Acceptance Sets Must Be the Sets ...
The regulator is interested in proposing a capital adequacy test by specifying an acceptance set for firms capital positions at the end of a given period
Xuedong He, Xianhua Peng
ARTICLE | Operations Research |No. 5, Vol. 66, 2018
Keywords: Capital adequacy tests, Value-at-risk, Surplus-invariance, Conicity, Positive homogeneity, Numeraire-invariance
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Forecasting Financial Crashes: Revisit to Log-Periodic Power Law
We aim to provide an algorithm to predict the distribution of the critical times of financial bubbles employing a log-periodic power law
Bingcun Dai, Fan Zhang, Domenico Tarzia, Kwangwon Ahn
ARTICLE | Complexity |2018
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Modeling GDP Fluctuations with Agent-Based Model
This paper offers a new approach to calibrating parameters of an agent-based model
Zhuang Chu, Biao Yang, Chang Yong Ha*, KwangwonAhn
ARTICLE | Physica A |Vol.503,2018
Keywords: GDP fluctuation, Agent-based model, Analytical solution
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Enhanced Special Drawing Rights: How China Could Contribute to a Reformed Int...
Since the end of the Bretton Woods era, the world has operated on a de facto system of free-floating exchange rates, with the US dollar as the dominant international currency
Geng Xiao, Matthew Harrison
ARTICLE | China & World Economy |Vol. 26, 2018
Keywords: Imbalances, International monetary architecture, monetary stability, Reform, Special Drawing Rights