2022 - Peking University HSBC Business School(PHBS)

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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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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Innovation Input and Firm Value: Based on the Moderating Effect of Internal Control

Using the data of Chinese A-share listed firms with non-zero innovation investment between 2007 and 2017, this paper links the value relevance of innovation investment with internal control from the perspective of

Qianhui Ma*, Lan Ju, Zishi Zhang

ARTICLE | Sustainability | Vol. 14, 2022

Keywords: Innovation input, internal control, firm value, agency problem, risk management

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COVID-19 Restrictions and Variety-Seeking in Travel Choices and Actions: The Moderating Effects of Previous Experience and Crowding

This article investigates how the perceived threats caused by COVID-19 affect consumers’ travel choices and actions by influencing their intentions to seek variety

Jungkeun Kim, Jooyoung Park, Seongseop(Sam) Kim*, Daniel Chaein Lee, Marianna Sigala

ARTICLE | Journal of Travel Research | Vol. 61, 2022

Keywords: Purchase quantity, novelty-seeking, tourists, behavior, preference, image

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Tackling Carbon Intensity with Green Finance in COVID-19: Recommendations for OECD Economies

Green financing has been examined in the literature However, its impact on carbon intensity has not been fully investigated

Lijing Lu, Haiyang Zheng, Meilan Chen*, Hina Najam

ARTICLE | Climate Change Economics | Vol. 13, 2022

Keywords: Green financing, COVID-19, carbon intensity, quantile modeling, OECD countries

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The Impact of Socioeconomic Status on Preferences for Sustainable Luxury Brands

As consumers become more aware of and concerned about the environmental impact of their consumption choices, an i

Jungkeun Kim*,Jooyoung Park,Felix Septianto

ARTICLE | Psychology & Marketing | Vol.39, 2022

Keywords: Childhood socioeconomic status, COVID-19, environmental threat, luxury brands, luxury consumption, sustainability

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Spatial-Temporal Effects of Urban Housing Prices on Job Location Choice of College Graduates: Evidence from Urban China

Attracting college graduates is crucial for the local government to (re)drive socioeconomic development Location ch

Xiongbin Lin, Jingjing Zhong, Ting Ren*, Gaowen Zhu

ARTICLE | Cities | Vol.126, 2022

Keywords: College graduate, housing prices, job location choice, spatial-temporal effect, urbanization

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Spillover connection between oil prices, energy risk exposure, and financial stability: Implications for the COVID-19 pandemic

The aim of the study is to test the nexus between oil prices, energy risk exposer, and financial stability to

Haoming Shi*, Haiyang Zheng

ARTICLE | Environmental Science and Pollution Research | Vol.29, 2022

Keywords: Financial stability, oil prices, energy risk exposure, COVID-19 crises, green capital formation

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The Financial Value of the Within-Government Political Network: Evidence From Chinese Municipal Corporate Bonds

This paper examines the effect of the political network of Chinese municipal leaders on the pricing of municipal

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

ARTICLE | Finance Research Letters | Vol.47, 2022

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

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Risk Measures, Robustness, Elicitability, and Backtesting

Risk measures are used not only for financial institutions& 39; internal risk management but also for external reg

Xuedong He, Steven Kou, Xianhua Peng

ARTICLE | Annual Review of Statistics and Its Applications | Vol.9, 2022

Keywords: Risk measures, robustness, elicitability, backtesting, value-at-risk, expected shortfall, median shortfall

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