工作论文 PAPERS
-
Delineating China’s Metropolitan Areas Using Commuting Flow Data
This paper provides the first delineation of China’s commuting-based me...
Ting Chen, Yizhen Gu, Ben Zou
Working Paper | No. 20220302 |
Keywords: Metropolitan areas, local labor market, commuting flows
-
Lease-Adjusted Productivity Measurement
We document that leased capital accounts for more than 30% of the total produ...
Weiwei Hu, Kai Li, Yiming Xu
Working Paper | No. 20220301 |
Keywords: Leased capital, productivity estimation, firm-level productivity, productivity growth, mismeasur
-
Leasing as a Mitigation Channel of Capital Misallocation
Leased capital accounts for about 20% of the total productive physical assets...
Kai Li, Yiming Xu
Working Paper | No. 20220103 |
Keywords: Leased capital, collateral constraint, capital misallocation, capital reallocation
-
Leasing as a Mitigation of Financial Accelerator Effects
We document that leased capital accounts for about 20% of total physical prod...
Kai Li, Jun Yu
Working Paper | No. 20220102 |
Keywords: Leased capital, business cycles, financial accelerator, uncertainty, risk shocks
-
Local Government Debt and Regional Competition in China
The GDP tournament among local governments plays a crucial role in supporting...
Xi Qu, Zhiwei Xu*, Jinxiang Yu
Working Paper | No. 20220101 |
Keywords: Local Government Debt, regional competition, government debt reform, Chinese economy
-
The Effect of Abusive Management Practices on Employee’s Intention to Quit: ...
In the workplace, manager’s abusive behaviors, such as ridicule or sile...
Fanmin Kong, Mengjiao Li
Working Paper | No. 20211106 |
Keywords: Abusive management practices, intention to quit, leader-member exchange, post-1990’s employees
-
Winners from Winners: A Tale of Risk Factors
Starting from the twelve distinct risk factors from Fama and French (1993, 20...
Siddhartha Chib, Lingxiao Zhao, Guofu Zhou
Working Paper | No. 20211105 |
Keywords: Model comparison, factor models, anomaly, discount factor, portfolio analysis
-
Revisiting the Forward Rate Unbiasedness Hypothesis
This research takes a forward rate unbiasedness hypothesis (FRUH) perspective...
Cindy S.H. Wang*, Cheng Hsiao, Yi-Chi Chen
Working Paper | No. 20211104 |
Keywords: Fractionally integrated process, autoregressive (AR) approximation, spurious regression, persis
-
How Does Declining Worker Power Affect Investment Sensitivity to Minimum Wage...
Declining worker power has been advanced as an explanation for dramatic gener...
Sreedhar T. Bharath, DuckKi Cho, Michael Hertzel*
Working Paper | No. 20211103 |
Keywords: Declining worker power, corporate investment, minimum wage, globalization
-
How Gift Prices Affect Gratitude? “Right” Gift-Price Effect
Five studies show that recipients are most likely to appreciate gifts of mone...
Jooyoung Park, Mengshu Chen, Jungkeun Kim
Working Paper | No. 20211102 |
Keywords: Appreciation, culture, gift prices, relationship closeness, thoughtfulness