工作论文 PAPERS
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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
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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
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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
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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
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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
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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
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The Technical Default Spread
We study the quantitative impact of lender control rights on firm investment,...
Emilio Bisetti, Kai Li, Jun Yu*
Working Paper | No. 20211101 |
Keywords: Loan covenants, technical default, creditor control rights, cross section of stock returns
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Dynamic Price Competition, Learning-By-Doing and Strategic Buyers
We examine how strategic buyer behavior affects equilibrium outcomes in a mod...
Andrew Sweeting, Dun Jia, Shen Hui, Xinlu Yao
Working Paper | No.20210908 |
Keywords: Dynamic competition, learning-by-doing, strategic buyers, dynamic games, multiple equilibria
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Adjustable Regret for Continuous Control of Conservatism and Competitive Rati...
A major issue of the increasingly popular robust optimization is the tendency...
Yingjie Lan
Working Paper | No.20210907 |
Keywords: Robust optimization, decision criteria, over-conservatism, online optimization, competitive rat
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The Influence of Media Slant on Short Sellers
Using the positive shift in tone of Fox News coverage of macroeconomic news a...
April Knill, Baixiao Liu, John J. McConnell, Glades McKenzie
Working Paper | No.20210906 |
Keywords: Media Slant, short seller, investment decisions