Working Papers-Peking University HSBC Business School(PHBS)

Borrowing from the Future: 401(k) Plan Loans and Loan Defaults

Most active 401(k) participants have the option of borrowing from their retirement accounts, and many people - 40%- do so over a five-year period

Jun Lu, Olivia S. Mitchell, Stephen P. Utkus, Jean A. Young

Working Paper | No. 2014004 |

Keywords: 401(k) loans, Retirement wealth, Household debt, Loan default, Consumption

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Competition in Multi-Echelon Distributive Supply Chains with Linear Demand

We study competition in multi-echelon supply chains with a distributive structure

Deming Zhou, Uday S. Karmarkar,Jiang Bo

Working Paper | No. 2014003 |

Keywords: Distributed decision making, Successive Cournot competition, Supply chain management

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Vertical FDI and Exchange Rate in a Two-country Model

It has long been observed that the change in exchange rate of a country is positively correlated with Foreign Direct Investment (FDI) inflow into its border

Jiao Shi

Working Paper | No. 2014002 |

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The Road to Green Transition in China

China s reform and opening-up drive has catalyzed a series of transformations in society, economics and politics

Haifeng Huang

Working Paper | No. 2014001 |

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