2022-Peking University HSBC Business School(PHBS)

Do Audit Teams Affect Audit Production and Quality? Evidence from Audit Teams’ Industry Knowledge

We examine how the extent and distribution of industry knowledge within an audit team affect audit outcomes Whil

Steven F. Cahan*, Limei Che, W.Robert Knechel, Tobia Svanstrom

ARTICLE | Contemporary Accounting Research |Vol.39, 2023

Keywords: audit teams, audit production, audit quality, industry knowledge, team composition, team dynamics

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Risky Human Capital Accumulation with Endogenous Skill Premium

I investigate the welfare properties of a model with risky human capital accumulation, imperfect substitution between skill types and endogenous skill premium

Karol Mazur

ARTICLE | Economic Theory Bulletin |Vol.10, 2022

Keywords: Constrained inefficiency, incomplete markets, general equilibrium

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Risk Disclosure in Crowdfunding

How should crowdfunding platforms alleviate information asymmetry between creators and crowdfunders? In traditional f

Keongtae Kim, Jooyoung Park,Yang Pan, Kunpeng Zhang, Xiaoquan (Michael) Zhang*

ARTICLE | Information Systems Research |Vol.33, 2022

Keywords: Credibility, crowdfunding, machine learing, natural experiment, risk disclosure

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Favouritism to SOEs: institution quality or career concern?

SOE is often viewed as favoured by the government comparedtoother firms This is in conflict with GDP tournament

Pu Chen, Chunyang Wang*

ARTICLE | Applied Economics Letters |Vol.29, 2022

Keywords: State-owned enterprise, subsidy, instituion quality

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Discussion of "On the possibility of krusell-smith equilibria"

Broer et al (2021) provide an "information criterion" and show the possibility of non-existence of the well-studi

Dun Jia

ARTICLE | Journal of Economic Dynamics and Control |Vol.141, 2023

Keywords: Sentiments, Real business cycles, Self-fulfilling equilibria, Business cycle comovement

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Does Board Demographic Diversity Enhance Cognitive Diversity and Monitoring?

We examine whether board demographic diversity enhances cognitive diversity (measured as director dissent in the bo

Jun-Koo Kang, Seil Kim, Seungjoon Oh*

ARTICLE | The Accounting Review |Vol.97, 2022

Keywords: Board diversity, cognitive diversity, director voting, dissent, proposal rejection

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A Theory of Firm Opacity and Corporate Social Responsibility

We investigate theoretically the effect of firm opacity, the degree of information asymmetry between firms and outside investors,

Linqing You, Zhuoqiong Chen*

ARTICLE | Journal of Banking & Finance |Vol.145, 2022

Keywords: CSR, firm opacity, information asymmertry

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Markets and Economies with Information Frictions

by Xue-Zhong He*, Pengfei Wang, Liyan Yang

Xue-Zhong He*, Pengfei Wang, Liyan Yang

ARTICLE | Journal of Economic Dynamics & Control |Vol.141, 2023

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Mindfully Aware and Open: Mitigating Subjective and Objective Financial Vulnerability via Mindfulness Practices

Our research presents mindfulness as a potential intervention to mitigate financial vulnerability, defined as the a

Julia Bayuk, Hyunjung Crystal Lee*, Jooyoung Park, Serkan Saka, Debabrata Talukdar, Jayati Sinha

ARTICLE | Journal of Consumer Affairs |Vol.56, 2023

Keywords: Consumer Financial Vulnerability, Consumer Well-Being, Mindfulness Interventions, Non-Judgmental Awareness, Openness to Experience

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The Price of Higher Order Catastrophe Insurance: The Case of VIX Options

We develop a tractable equilibrium pricing model to explain observed characteristics in equity returns, VIX futures, S&P 500 options, and VIX options data based on affine jump-diffusive state dynamics and representative agents endowed with Duffie-Epstein

Bjorn Eraker*, Aoxiang Yang

ARTICLE | Journal of Finance |Vol.77, 2022

Keywords: VIX, pricing model, SPX, equity returns

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