Yaein Baek*

Working Paper | No. 20210510 |

Keywords: Change point, parameter instability, structural change

Hursit Selcuk Celil*, Mengyang Chi

Working Paper | No. 20210509 |

Keywords: Investment, Tobin’s

Jeechul Woo, Chenru Liu, Jaehyuk Choi*

Working Paper | No. 20210508 |

Keywords: American option, Least square Monte Carlo, Look-ahead bias, Leave-one-out-crossvalidation

Jaehyuk Choi, Lei Lu, Heungju Park, Sungbin Sohn*

Working Paper | No. 20210507 |

Keywords: Political network, guanxi, local government financing vehicles, municipal corporate bonds, credit risk

Audra L. Boone, Hursit S. Celil, Seungjoon Oh, Srinivasan Selvam

Working Paper | No. 20210506 |

Keywords: Institutional ownership, indexing, portfolio diversification, corporate diversification, product similarity

Hursit S. Celil, Brandon Julio*, Srinivasan Selvam

Working Paper | No. 20210505 |

Winston Wei Dou, Yan Ji, Di Tian, Pengfei Wang*

Working Paper | No. 20210504 |

Keywords: Agency conflicts, distribution of firms, financial frictions, misallocation, endogenous growth, asset pricing

Hursit Selcuk Celil*, Mengyang Chi

Working Paper | No. 20210503 |

Keywords: Cash flow identity, capital structure, dividend policy

Xuwen Gao*, Ran Song, Christopher Timmins

Working Paper | No. 20210502 |

Keywords: Information, Rosen Roback Theory, wage-hedonic model, compensating differential

Hyun Joong Im, Jane Liu, Young Joon Park*

Working Paper | No. 20210501 |

Keywords: Corporate investment policy, peer effects, economic policy uncertainty, underin-vestment, information cascade