工作论文 PAPERS
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Idiosyncratic Risk and Acyclically Increasing Public Debt
Understanding observed cyclical properties of public debt is important The ex...
Insook Lee
Working Paper | No. 2020001 |
Keywords: Government Debt, Cyclicality of Public Debt, Idiosyncratic Risk, Acyclical Public Debt
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ICT Use, Cognitive and Non-cognitive Abilities, and Wages: Micro Evidence fro...
On determining wages in the labor market, recent scholarly attention has been...
Ting Ren, Xinguo Yu, Man Luo
| Working Paper |No. 2018005
Keywords: Human Capital, ICT Use, Cognitive and Non-cognitive Abilities, Wages
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Family Ties and Employment Behavior: The Role of Financial Intermediaries
We study the interaction effect of financial intermediaries and family ties o...
Ting Ren, Wenyuan Liu
| Working Paper |No. 2018004
Keywords: Employment Behavior, Employment Type, Family Ties, Financial Intermediaries, Labor Participatio
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Coping with Air Pollution: The Role of Cognitive and Non-cognitive Abilities ...
Considered as a key component of human capital, mental health has drawn subst...
Ting Ren, Xinguo Yu, Weiwei Yang
| Working Paper |No. 2018003
Keywords: Air Pollution, Cognitive Ability, Non-cognitive Ability, Mental Health
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The Effect of Technological Imitation on Corporate Innovation: Evidence from ...
Technological imitation may play a crucial role in motivating firms to innova...
Hyun Joong Im, Janghoon Shon
| Working Paper |No. 2018002
Keywords: Corporate innovation, Technological imitation, Value of innovation, Innovation Cluster, Agglome
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Asymmetric peer effects in capital structure dynamics
Using a semiparametric smooth-coefficient partial adjustment model, this stud...
Hyun Joong Im
| Working Paper |No. 2018001
Keywords: Peer effects, Capital structure, Speed of adjustment, Leverage dynamics
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The Effect of Stock Liquidity on Debt-Equity Choices
We examine the effect of stock liquidity on a firm’s choice between debt and...
William Cheung, Hyun Joong Im, and Bohui Zhang
| Working Paper |No. 2017003
Keywords: Stock liquidity, Debt issuance, Equity issuance, Capital structure
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The Effect of Technological Imitation on Corporate Innovation: Evidence from ...
Using US patent data for the period 1977–2005, we find that there are invert...
Hyun Joong Im, Yang Liu and Janghoon Shon
Working Paper | No. 2017002 |
Keywords: Corporate innovation, Technological imitation, Value of innovation
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Idiosyncratic Risk and Acyclically Increasing Public Debt
This paper proposes a politico-economic theory of public debt dynamics that a...
Insook Lee
Working Paper | No. 2017001 |
Keywords: Government debt, Cyclical property of public debt, Idiosyncratic risk, Political economy of pub
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Uncertainty and the Value of Cash Holdings
This study examines the effects of uncertainty on the value of cash holdings
Hyun Joong Im, Heungju Park and Gege Zhao
Working Paper | No. 2016009 |
Keywords: Uncertainty, Cash holdings, Real options, Financial constraints, Agency costs