工作论文 PAPERS
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Let the Good Times Roll: Subjective Expectations and Asset Management
Using a unique regulation implemented in a developing financial market – the...
Francesco D
Working Paper | No. 20250104 |
Keywords: subjective expectations, belief formation, extrapolation, mutual funds, asset allocation
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Competition, Cannibalization, and New Product Introductions: Evidence from th...
When there is uncertainty about a new product’s net value, firms treat the t...
Yuanfang Chu, Sudipto Dasgupta, Fangyuan Ma
Working Paper | No. 20250103 |
Keywords: innovation, product launch, competition, creative destruction, real option
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Fake Entry
We show the financial interests of a generic-drug manufacturer's largest sh...
Martin Schmalz, Jin Xie
Working Paper | No. 20250102 |
Keywords: ownership, corporate objective, corporate governance
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Nominal Rigidities, Earnings Manipulation, and Securities Regulation
How does output-price stickiness affect managers’ incentive to manipulate ea...
Erica Xuenan Li, Pengfei Wang, Jin Xie, Ji Zhang
Working Paper | No. 20250101 |
Keywords: nominal rigidities, earnings manipulation, agency cost, Sarbanes-Oxley Act, credit market
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Multinational Expansion in Time and Space
This paper studies the expansion patterns of multination...
Stefania Garetto, Xiao Ma, Lindsay Oldenski, Natalia Ramondoy
Working Paper | No. 20241204 |
Keywords: Multinational firms, foreign direct investment, firm dynamics, sunk costs
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Asylum Assignment and Burden-Sharing
We analyze the problem of matching asylum seekers to mem...
Gian Caspari, Manshu Khanna
Working Paper | No. 20241203 |
Keywords: matching theory, market design, stability, asylum assignment
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Information Design for Social Learning on a Recommendation Platform
A recommendation platform sequentially collects informat...
Chen Lyu*
Working Paper | No. 20241201 |
Keywords: information design, social learning, recommendation platform, Lagrangian duality
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No Sparsity in Asset Pricing: Evidence from a Generic Statistical Test
We present a novel test to determine sparsity in charact...
Junnan He, Lingxiao Zhao, Guofu Zhou
Working Paper | No. 20241202 |
Keywords: factor models, characteristic-based factors, sparsity, test
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How do Multinationals Impact China’s Technology? The Role of Quid Pro Quo Po...
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Transcontinental Railways and Hinterland Development
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