Working Papers-Peking University HSBC Business School(PHBS)

Quality Signaling through Crowdfunding Pricing

Author(s)

Problem definition: This paper studies an entrepreneur’s pricing strategy in a reward-basedcrowdfunding campaign

Venture Capital Coordination in Syndicates, Corporate Monitoring, and Firm Performance

Author(s)

This paper examines how the coordination of venture capital (VC) investors in their syndicates, asmeasured by thei

Co-Movement of Steady-State Government Debt and Household Debt

Author(s)

To understand whether and how movements of government debt and household debt are related, stationary equilibrium

Downward Wage Rigidity, Corporate Investment, and Firm Value

Author(s)

Firms reduce investment when facing downward wage rigidity (DWR), the inability or unwillingness to adjust wages d

It's Not Who You Know - It's Who Knows You: Employee Social Capital and Firm Performance

Author(s)

We show that the social capital embedded in employees’ networks contributes to superior firmperformance and p

Shadow Union in Local Labor Markets and Capital Structure

Author(s)

This paper identifies an externality of a firm s unionization that affects the capital structure decisions of other

Home Location Choices and the Gender Commute Gap

Author(s)

Using administrative records of home mortgages in Beijing, we show that households systematically choose to buy new homes that are closer to the wife’s workplace

Nonparametric Quantile Regressions for Panel Data Models with Large

Author(s)

This paper considers panel data models where the conditional quantiles of the dependent variables are additively separable as unknown functions of the regressors and the individual effects

Two-Step Estimation of Quantile Panel Data Models with Interactive Fixed Effects

Author(s)

This paper considers the estimation of panel data models with interactive fixed effects where the idiosyncratic errors are subject to conditional quantile restrictions

Land Cronyism and Corporate Political Cycles in China

Author(s)

This paper measures the degree of industrial land subsidy to a firm using the ratio of the market value of land in the neighborhood to the price at which the firm purchased the land from the local government

Quality Signaling through Crowdfunding Pricing

Venture Capital Coordination in Syndicates, Corporate Monitoring, and Firm Performance

Co-Movement of Steady-State Government Debt and Household Debt

Downward Wage Rigidity, Corporate Investment, and Firm Value

It's Not Who You Know - It's Who Knows You: Employee Social Capital and Firm Performance

Shadow Union in Local Labor Markets and Capital Structure

Home Location Choices and the Gender Commute Gap

Nonparametric Quantile Regressions for Panel Data Models with Large

Two-Step Estimation of Quantile Panel Data Models with Interactive Fixed Effects

Land Cronyism and Corporate Political Cycles in China

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