工作论文 PAPERS
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Predicting the Critical Time of Financial Bubbles
Detecting and predicting financial bubbles have become crucially important b...
Kwangwon Ahn, Jacqueline B. Dai, Domenico Tarzia and Fan Zhang
Working Paper | No. 2016008 |
Keywords: Critical time, Bubbles, Log-periodic, power law Econophysics
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Bequest and Moral Hazard in Family
Observed bequest patterns of widely diverse societies are polarized into equi...
Insook Lee
Working Paper | No. 2016007 |
Keywords: Bequest motive, Unigeniture, Equigeniture
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Sticky Dividends: A New Explanation
This study proposes a generalized partial adjustment model of dividends in wh...
Chang Yong Ha, Hyun Joong Im, Ya Kang
Working Paper | No. 2016006 |
Keywords: Payout policy, Speed of adjustment, Dividend dynamics, Adaptive expectations
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Training, Skill-Upgrading and Permanent Migration: Evidence from China
The massive rural-to-urban migration is one of the most important features of...
Qing Wang, Ting Ren, Ti Liu
Working Paper | No. 2016005 |
Keywords: Human capital, Migration, Skill-upgrading, Training
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Collective Behavior in Corporate Bankruptcies and Business Cycle
We investigate collective behavior in corporate bankruptcies and its relation...
Kwangwon Ahn, Jacqueline B. Dai, Chang Yong Ha and Basak Yakis-Douglas
Working Paper | No. 2016004 |
Keywords: Collective behavior,Corporate bankruptcy,Business cycle,Power law distribution,Agent- based model
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Uncertainty, Major Investments, and Capital Structure Dynamics
This study examines the effects of uncertainty on firms’ capital structure d...
Chang Yong Ha, Hyun Joong Im, Kose John and Janghoon Shon
Working Paper | No. 2016003 |
Keywords: Uncertainty, Leverage, Capital structure dynamics, Major investments
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Investment Spike Financing
This is one of the most comprehensive studies of corporate finance to date, w...
Hyun Joong Im, Colin Mayer, Oren Sussman
Working Paper | No. 2016002 |
Keywords: Capital structure, Corporate finance, Lumpy investment, Investment spikes
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Economic Policy Uncertainty and Peer Effects in Corporate Investment Policy: ...
This study investigates whether peer firms affect corporate investment polici...
Hyun Joong Im, Ya Kang, Young Joon Park
Working Paper | No. 2016001 |
Keywords: Corporate investment policy, Peer effects, Economic policy uncertainty, Underinvestment
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Public Pension Privatization and Economic Volatility over the Business Cycle
This paper examines the effects of privatizing pay-as-you-go public pensions ...
Insook Lee
Working Paper | No. 2015009 |
Keywords: Public pension privatization, Volatility, Responsiveness to aggregate shocks
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Product Market Competition and Value of Innovation: Evidence from US Patent D...
This study investigates the relationship between product market competition a...
Hyun Joong Im, Young Joon Park and Janghoon Shon
Working Paper | No. 2015008 |
Keywords: Innovation, Product Market Competition, Value of Innovation, Tariff Cuts