工作论文 PAPERS
-
EPS-Sensitivity and Mergers
Announcements of mergers very often discuss the immediate impact of the deal on the acquirer’s earnings per
-
Information Acquisition, Uncertainty Reduction and Pre-announcement Premium i...
We examine the stock market returns in an environment in which the dates of central bank’s information supp
-
Revisiting Granger Causality of CO2 on Global Warming: A Quantile Factor Appr...
The relationship between global warming and CO2 is a long-standing question in the climate change literature In
-
Short Squeezes
Building upon the premise that short squeezes are most likely to occur following a large one day price increase
-
Motivating Collusion
We examine how executive compensation can be designed to motivate product market collusion We look at the 2013
-
Delineating China’s Metropolitan Areas Using Commuting Flow Data
This paper provides the first delineation of China’s commuting-based metropolitan areas (MAs)using a new sourc
-
Lease-Adjusted Productivity Measurement
We document that leased capital accounts for more than 30% of the total productive physical assets used by US p
-
Leasing as a Mitigation Channel of Capital Misallocation
Leased capital accounts for about 20% of the total productive physical assets used by US publicly listed firms,
-
Leasing as a Mitigation of Financial Accelerator Effects
We document that leased capital accounts for about 20% of total physical productive assets used by US public fir
-
Local Government Debt and Regional Competition in China
The GDP tournament among local governments plays a crucial role in supporting China’s growthmiracle Investmen