工作论文 PAPERS
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Guilty by Political Association: The Impact of Political Scandals on Connecte...
Using scandals involving US congresspersons over the period 1992-2018, we inv...
April Knill, Baixiao Liu, John J. McConnell, Cayman Seagraves
Working Paper | No. 20230504 |
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The Effect of Short Sale Restrictions on Corporate Managers
We examine how the exemption of short sale uptick tests due to the Regulation...
Baixiao Liu, John McConnell, Andrew Schrowang
Working Paper | No. 20230503 |
Keywords: Short Sale Restrictions, Short Selling, Regulation SHO, Pilot Program
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Common Correlated Effects Estimation of Nonlinear Panel Data Models
This paper focuses on estimating the coefficients and average partial effects...
Liang Chen, Minyuan Zhang
Working Paper | No. 20230502 |
Keywords: Panel data, interactive fixed effects, nonlinear models, incidental parameters, bias correction
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Exporting, Wage Profiles, and Human Capital: Evidence from Brazil
Export activity shapes workers’ experience-wage profiles Using detailed empl...
Xiao Ma, Marc-Andreas Muendler, Alejandro Nakab
Working Paper | No. 20230501 |
Keywords: Export Activity; Wage Profiles; Human Capital Accumulation
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Upper and Lower Bounds on Robust One-way Trading with Fixed Costs
This paper considers the one-way trading problem with fixed costs where the t...
Wei Wang, Yingjie Lan, Wei Cui, Deming Zhou
Working Paper | No. 20230307 |
Keywords: Finance, Robust optimization, One-way trading, Fixed cost, Mini-max regret
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Control of Conservatism for Robust Optimization by Adjustable Regret
It is commonly recognized that a major issue of robust optimization is the te...
Yingjie Lan
Working Paper | No. 20230306 |
Keywords: Robust optimization, Decision criteria, Over-conservatism, Tractability, One-way trading
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Facilitating Entry through Leasing
We study how leasing plays a novel role in improving total factor productivit...
Kai Li, Yiming Xu
Working Paper | No. 20230305 |
Keywords: Leased capital; Collateral constraint; Total factor productivity (TFP); Extensive margin; Entry
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Culture, Religion, and Short-Sale Constraints
We find that institutional investors’ local culture of religiosity influence...
Danling Jiang, Baixiao Liu, Steven Chong Xiao
Working Paper | No. 20220304 |
Keywords: Culture, Religiosity, Blockholder, Stock lending, Short-sale constraints
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Media Negativity on Foreign Countries and International Asset Allocation
We investigate the relationship between media negativity on foreign countries...
Baixiao Liu, Linlin Ma
Working Paper | No. 20230303 |
Keywords: Keywords: Media Negativity , International Asset Allocation, International Mutual Fund, Fund Fl
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Learning, Price Discovery, and Macroeconomic Announcements
We examine the price discovery process in the Chinese equity market Leveragin...
Haozhe Han, Grace Xing Hu, Calvin Dun Jia∗
Working Paper | No. 20231104 |
Keywords: Learning, Macroeconomic Announcements, Price Informativeness, Market Efficiency