Mark J. Browne, Lan Ju, Zhiyong Tu
ARTICLE | Applied Economics | Vol. 46, 2014
Contingent commissions, which are payments made by an insurer to brokers based on the volume and profitability of insurance placed with the insurer, have been criticized as damaging to the relationship between the insured and its broker...
Keywords: Contingent Commission, Insurance Underwriting Cycle
Shannon Lin, Naqiong Tong, Alan Tucker
ARTICLE | Journal of Banking and Finance | Vol. 40, 2014
We provide a tradeoff model of the capital structure that allows leverage to be a function of a firm’s choice of tax aggressiveness...
Keywords: Tax planning, Tax aggression, Leverage, Debt, Capital structure
Ning Tang and Timothy Lu
ARTICLE | Journal of Financial Planning | October 2014
This paper uses a hypothetical debt scenario to compare the costs of four types of loans to fund consumption Results show that, under reasonable assumptions, 401(k) loans are cheaper than credit card and high-cost loans...
Keywords: Hypothetical Debt Scenario, Loan Choices
Xinxiang Chen, Ting Ren, David Knoke
ARTICLE | Nonprofit Management & Leadership | SPRING 2014
We examine how nonprofit, public, and for-profit establishments vary in the provision of health benefits and insurance and performance-based incentives using the 2002 National Organization Survey of establishments in the United States...
Keywords: Agency theory, Health benefits, Intrinsic motivation, Ownership, Performance-based incentives
David Ahlstrom, Edward Levitas, Michael A. Hitt, M. Tina Dacin, Hong Zhu
ARTICLE | Journal of World Business | Vol. 49, 2014
It is generally understood that firm strategy is linked to both internal firm resources and external, competitive industry forces...
Keywords: Strategy, Strategic alliances, Institutional theory, Culture, China, Taiwan, Hong Kong, Policy capturing
ARTICLE | European Economic Review | Vol. 64, 2013
This paper develops a global game model of information based bank runs to analyze how the announcement of bailouts affects investors’ bank run incentives...
Keywords: Bailout, Bank run
ARTICLE | International Journal of Housing Policy | Vol. 13, No. 3, 2013
This paper attempts to identify the drivers behind households’ decision to purchase a manufactured home rather than buy a traditional house or rent...
Keywords: Manufactured Housing, Homeownership, Nested Logit, The United States
Juan Yang, Huawei Liu, and David J. Leatham
ARTICLE | Applied Economics | Vol. 45, 2013
In this article, we examine dynamic relationships among housing prices from four firsttier cities in China from December 2000 to May 2010 and present an equilibrium model of housing price in multi-markets...
Keywords: ECM, DAG, Housing price dynamics
Customer Portfolio Composition and Customer Equity Feedback Effects: Student Diversity and Acquisition in Educational Communities
Michael Lewis, Debanjan Mitra, Yeujun Yoon
ARTICLE | Marketing Letters | Vol. 24, 2013
Researchers in marketing have long recognized that current populations of customers can influence the behavior of prospective customers...
Keywords: Customer equity, Student diversity
ARTICLE | Journey of Business Ethics | 2013
These ﬁndings suggest inconsistency with conventional wisdom of proﬁling employee value according to organizational ownership type...
Keywords: For-profit organizations, Job attitudes,Nonprofit organizations, Nursing homes, Sectoral difference, Value congruence
Darla J. Hamann, Ting Ren
ARTICLE | Nonprofit Management & Leadership | VOL. 24, WINTER 2013
This article examines the effects of several forms of wage inequality on service quality and employee effort We suggest that two popular theories, tournament and fair wage equity, are not necessarily competing...
Keywords: Wage inequality, Organizational performance, Nonprofit organizations, for-profit organizations, Tournament theory, Fair-wage theory
Zhiyong Tu, Min Song, Liang Zhang
ARTICLE | China & World Economy | Vol. 21, 2013
In this paper we construct a set of indices that capture the special features of the Chinese commodity futures market for the period from January 2000 to December 2011 to analyze the general properties of China’s commodity futures market...
Keywords: Chinese commodity futures, Property
Chien Sheng Richard Chan, Haemin Dennis Park
ARTICLE | Journal of Business Venturing | Vol. 28, 2013
We explore howan investor s dispositional affect and cognitive style influence venture investment portfolio concentration...
Keywords: Venture investment decisions, Dispositional affect, Cognition
Qian Chen, Richard H. Gerlach
ARTICLE | International Journal of Forecasting | Vol. 29, 2013
A two-sided Weibull is developed to model the conditional nancial return distribution, for the purpose of forecasting Value at Risk (VaR) and conditional VaR...
Keywords: Two-sided Weibull, Value-at-Risk, Expected shortfall, Back-testing, Global financial crisis, Volatility
Mark J. Browne, Lan Ju, Yu Lei
ARTICLE | The Geneva Papers | Vol. 37, 2012
Prior studies on errors in reserve estimation suggest that insurers manage loss reserves to achieve corporate goals, including tax minimisation and income smoothing...
Keywords: Reserve errors, Reinsurance, Contingent commissions, Tax minimisation
Ming Guo, Zhan Li, Zhiyong Tu
ARTICLE | Journal of Banking & Finance | Vol. 36, 2012
Unique to the world, China adopts a ‘‘T + 1 trading rule’’, which prevents investors from selling stocks bought on the same day We develop a dynamic price manipulation model to study the effects of the ‘‘T + 1 trading rule’’...
Keywords: T + 1 Trading rule, Trading Volume, Volatility, Trend-chasing
Avner Ben-Ner, Pinar Karaca-Mandic, Ting Ren
ARTICLE | The B.E. Journal of Economic Analysis & Policy | Vol. 12, 2012
The ownership and governance of for-profit (FP), nonprofit (NP), and local government (LG) organizations are different...
Keywords: Ownership, Quality, Asymmetric information, Nursing homes, for-proﬁt ﬁrms, Nonproﬁt organizations, Local government organizations
ARTICLE | The Journal of International Trade & Economic Development | Vol. 20, No. 5, 2011
Scholars and policy makers believe that democracy will bring prosperity through integration into the global economy via increased international trade...
Keywords: Bilateral Trade, Developing Countries, Governance, Gravity Model, Liberalization, Trade Policy
Avner Ben-Ner, Louis Putterman, Ting Ren
ARTICLE | The Journal of Socio-Economics | Vol. 40, 2011
We conduct trust game experiments in which subjects can sometimes exchange proposals either in numerical (tabular) form, or using chat messages followed by exchange of numerical proposals...
Keywords: Trust game, Trust, Trustworthiness, Reciprocity, Commitment, Communication, Cheap talk
Avner Ben-Ner, Ting Ren, and Darla Flint Paulson
ARTICLE | Nonprofit and Voluntary Sector Quarterly | 2011
The authors explore differences among for-profit, nonprofit, and local government organizations in wage levels and inequality...
Keywords: Wages, Wage inequality, Nonprofit and for-profit comparison, Local government, Human services
ARTICLE | Journal of Emerging Market Finance | Vol.10, 2011
To study the role of elections in financial market instability, we focus on the role of credit risk pricing during elections from 2004 to 2007 in 13 emerging market economies...
Keywords: Emerging markets, credit default swaps, sovereign debt, elections
Ting Ren, Zheng Wang
ARTICLE | Nankai Business Review International | Vol. 2 No. 2, 2011
Purpose – This paper proposes an examination of the relationship between female participation in top management teams and firm performance in the emerging Chinese private economy...
Keywords: Women executives, Company performance, Human capital, Senior management, Private sector organizations, China
ARTICLE | Review of International Economics | Vol. 18, 2010
Recent research (Rose 2003) has called into question the impact of the World Trade Organization on trade According to Rose, the WTO has no statistically significant impact on trade...
Keywords: WTO, trade policy, gravity model, and panel data
A Comparative Study of Allocation of Decision-making across Stakeholders Groups: the Case of Personal Care Industries
Avner BEN-NER, Ting REN
ARTICLE | Annals of Public and Cooperative Economics | 2010
The article compares the allocation of decision-making across stakeholder groups in for-profit, nonprofit and local government personal care facilities in one state in the United States...
A Modest Proposal for a Two-sided Market Clearing Institution Under Asymmetric Supply Constraints with Skewed Pricing: the Market for Adoption and Abortion in the United States
ARTICLE | Journal of Public Economic Theory | Vol. 12, 2010
This paper presents a theoretical model matching the potential supply of terminated pregnancies with the total demand for children within certain modeling constraints...
Keywords: Theoretical Model, Two-sided Market Clearing Institution