工作论文 PAPERS
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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
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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
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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