Publications -
Costly Long-Short Strategies under Short-Sale Constraints: Chinese Evidence
Timothy (Jun) Lu, Jinjuan Ren, Yan Zhao
ARTICLE | International Review of Finance | No. 4, Vol. 18, 2018
Long-short portfolios based on market anomalies are subject to ubiquitous short-sale constraints...
Keywords: Anomalies, Short-sale constraint, Shorting cost, China
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Stock liquidity and corporate diversification: Evidence from China’s split share structure reform
Lifeng Gu, Yixin Wang, Wentao Yao, Yilin Zhang
ARTICLE | Journal of Empirical Finance | Vol. 49, 2018
We establish that stock liquidity is conducive to less corporate diversification Two potential channels are identified: the financial constraint channel and the corporate governance channel...
Keywords: Stock liquidity, Corporate diversification, Financial constraintAgency problem, Corporate governance, Split share structure reform, China
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Real Estate Soars and Financial Crises: Recent Stories
Hanwool Jang, Yena Song, Sungbin Sohn*,Kwangwon Ahn*
ARTICLE | Sustainability | Vol. 10, 2018
This paper studies the contribution of real estate bubble to a financial crisis...
Keywords: Financial crash, Real estate bubble, Stock market
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Does Ownership Matter in the Selection of Service Providers? Evidence from Nursing Home Consumer Surveys
Avner Ben-Ner, Darla J. Hamann,Ting Ren
ARTICLE | Nonprofit and Voluntary Sector Quarterly | No. 6, Vol. 47, 2018
This study considers the role of ownership in consumer choice of service providers in mixed-ownership industries...
Keywords: Asymmetric information, Consumer choice, Search, Ownership, Nursing home
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Inefficiencies and Externalities from Opportunistic Acquirers
Di Li, Lucian Taylor, Wenyu Wang
ARTICLE | Journal of Financial Economics | Vol. 130. 2018
If opportunistic acquirers can buy targets using overvalued shares, then there is an inefficiency in the merger and acquisition (M&A) market: the most overvalued rather than the highest-synergy bidder may buy the target...
Keywords: Mergers and acquisitions, Structural estimation, Misvaluation, Inefficiency, Externality
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Evaluation of the environmental impact assessment (EIA) of Chinese EIA in Myanmar: Myitsone Dam, the Lappadaung Copper Mine and the Sino-Myanmar oil and gas pipelines
Thiri Shwesin Aung , Luan Shengji & Sharon Condon
ARTICLE | Impact Assessment and Project Appraisal | No. 1, Vol.37, 2019
The economic relationship between China and Myanmar is regarded as a win–win cooperation...
Keywords: Environmental impact assessment, Chinese EIA, Natural resources, Hydropower Dam, Copper Mine, Oil and Gas Pipelines, Myanmar
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Surplus-Invariant, Law-Invariant, and Conic Acceptance Sets Must Be the Sets Induced by Value at Risk
Xuedong He, Xianhua Peng
ARTICLE | Operations Research | No. 5, Vol. 66, 2018
The regulator is interested in proposing a capital adequacy test by specifying an acceptance set for firms capital positions at the end of a given period...
Keywords: Capital adequacy tests, Value-at-risk, Surplus-invariance, Conicity, Positive homogeneity, Numeraire-invariance
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Forecasting Financial Crashes: Revisit to Log-Periodic Power Law
Bingcun Dai, Fan Zhang, Domenico Tarzia, Kwangwon Ahn
ARTICLE | Complexity | 2018
We aim to provide an algorithm to predict the distribution of the critical times of financial bubbles employing a log-periodic power law...
Keywords:
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Modeling GDP Fluctuations with Agent-Based Model
Zhuang Chu, Biao Yang, Chang Yong Ha*, KwangwonAhn
ARTICLE | Physica A | Vol.503,2018
This paper offers a new approach to calibrating parameters of an agent-based model...
Keywords: GDP fluctuation, Agent-based model, Analytical solution
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Enhanced Special Drawing Rights: How China Could Contribute to a Reformed International Monetary Architecture
Geng Xiao, Matthew Harrison
ARTICLE | China & World Economy | Vol. 26, 2018
Since the end of the Bretton Woods era, the world has operated on a de facto system of free-floating exchange rates, with the US dollar as the dominant international currency...
Keywords: Imbalances, International monetary architecture, monetary stability, Reform, Special Drawing Rights
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Male Migration and Female Labor Market Attachment: New Evidence From the Mexican Family Life Survey
Qing Wang
ARTICLE | International Migration Review | No.1, Vol. 52, 2018
This study examines the impact of male migration to the United States on female labor market outcomes in Mexico, using the longitudinal data set from the Mexican Family Life Survey...
Keywords: Male migration, Female labor market attachment
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Position Effects of Menu Item Displays in Consumer Choices: A Comparison of Horizontal Versus Vertical Displays
Jungkeun Kim, Euejung Hwang, Jooyoung Park, Jacob C. Lee, Jongwon Park
ARTICLE | Cornell Hospitality Quarterly | 2018
Consumers typically make choices based on a menu that lists a variety of food items...
Keywords: Restaurant menu, Horizontal versus vertical displays, Edge advantage, Edge aversion
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Blockmap: An Interactive Visualization Tool for Big-Data
Terrill L. FRANTZ
ARTICLE | Computational and Mathematical Organiation Theory | Vol.24, 2018
The Blockmap offers the analyst a way to explore underlying node-level data, at the full-network level, according to shared characteristics of the constituent nodes...
Keywords: Network analysis, Large datasets, Data visualization, Treemap, Heatmap, Software
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Fire-Sale Acquisitions and Intra-Industry Contagion
Seungjoon Oh
ARTICLE | Journal of Corporate Finance | Vol.50, 2018
This paper presents empirical evidence on the combined effects of target firm distress and industry-level illiquidity on acquisition outcomes and industry-specific contagion...
Keywords: Fire-sale, Mergers and acquisition, Financial distress, Asset-specificity, Contagion
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Sum of All Black-Scholes-Merton Models: An Efficient Pricing Method for Spread, Basket, and Asian Options
Choi, Jaehyuk
ARTICLE | Journal of Futures Markets | Vol.38, 2018
Contrary to the common view that exact pricing is prohibitive owing to the curse of dimensionality,...
Keywords: Asian option, Basket option, Curse of dimensionality, multi-asset Black–Scholes–Merton, Spread option
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Impact of International Sports Events on the Attendance of Domestic Sports League Games using Chinese Super League Data
Yeujun Yoon, Jia Lv, Feng Yan
ARTICLE | International Journal of Sports Marketing & Sponsorship | 2018
Purpose Experiences of high quality games between top-class sports teams could influence sports fans’ decision to attend the domestic sports games...
Keywords: International sorts events
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The Choice between PIPE and SEO in China
Seungjoon Oh, Heungju Park*, ChiZhang
ARTICLE | China Economic Review | 2018
China s private investment in public equity (PIPE) market has exceeded the aggregate proceeds raised by its seasoned equity offering (SEO) market...
Keywords: Private investment in public equity, Seasoned equity offering, China
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Public Policy Environment and Entrepreneurial Activities: Evidence from China
Sai Lan, Xiang Gao, Qing Wang, Yilin Zhang
ARTICLE | Public Policy Environment and New Venture Creation: Evidence from China | Vol.26, 2018
What determines the effectiveness of government entrepreneurship policies on the regional development of entrepreneurial activities in China?...
Keywords: Entrepreneurial activity, Government efficiency, policy environment, Regional entrepreneurship development
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Are Fashion Consumers like Schooling Fish? The Effectiveness of Popularity Cues Used in E-Commerce
Shubin Yu*, Liselot Hudders, Verolien Cauberghe
ARTICLE | Journal of Business Research | Vol. 85, 2018
This paper examines the effectiveness of popularity cues in online fashion retail Popularity cues ...
Keywords: Fashion products, Price, Conspicuousness, Best-seller, E-commerce
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The Meso-Unit Theory of Post-Merger Integration
Terrill L. FRANTZ
ARTICLE | Computational and Mathematical Organization Theory | Vol.24,2018
This article introduces the meso-unit theory of post-merger integration...
Keywords: Meso-unit theory, Post-merger integration
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Collaboration Incentives: Endogenous Selection into Single and Coauthorships by Surname Initial in Economics and Management
David Ong*, Ho Fai Chan, Benno Torgler, Yu (Alan) Yang
ARTICLE | Journal of Economic Behavior & Organization | Vol. 147, 2018
Many prior studies suggest that default alphabetical ordering of coauthors in economics confers disproportionate professional advantages on those with an early surname initial because of the greater prominence it gives to the first author...
Keywords: Alphabetic order effect, Citations, Coauthorships, Matching, Non-transferable utility
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Value of Corruption in China: Evidence from Anti-Corruption
Daniel S. Kim*, Yun Li, Domenico Tarzia
ARTICLE | Economics Letters | Vol.164, 2008
Using recent anti-corruption investigation in China,...
Keywords: Corruption, Anti-corruption investigation, Event study
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Selling Luxury Products Online: The Effect of a Quality Label on Risk Perception, Purchase Intention and Attitude Toward the Brand
Shubin Yu*; Hudders,L; Cauberghe, V
ARTICLE | Journal of Electronic Commerce Research | Vol.19, 2018
Many luxury brands and online retailers are struggling with how to sell luxury products online...
Keywords: Luxury products; E-commerce, Quality label, Uncertainty avoidance
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Location Still Matters: Evidence from An Online Shopping Field Experiment
John Morgan, David Ong∗, Zemin (Zachary) Zhong
ARTICLE | Journal of Economic Behavior & Organization | Vol. 146, 2018
Many empirical studies of online price dispersion show that sellers post different prices for homogeneous goods...
Keywords: Price dispersion, Field experiment, Internet, Electronic market
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An Empirical Examination of the Development and Impact of Star Power in Major League Baseball
Michael Lewis, Yeujun Yoon*
ARTICLE | Journal of Sports Economics | Vol.19,2018
We examine the processes by which star power (SP) develops and the impact of SP on both consumer demand and team performance using data from Major League Baseball...
Keywords: Star power, Sports marketing, Brand equity, Dynamics of star power
