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Real Estate Prices and Firm Borrowings: Micro Evidence from China
Pu Chen, Chunyang Wang, Yangyan Liu
ARTICLE | China Economic Review | Vol. 36, 2015
Real estate price appreciation can lessen firm’s financial constraint by increasing its collateral value This paper studies this channel by utilizing a large firm-level dataset during the 2000-2007 period on Chinese firms...
Keywords: Real Estate Prices, Borrowings, Collateral effect
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Optimal Ring Size at First-Price Auctions
Zhiyong Tu, Lan Ju
ARTICLE | Journal of Institutional and Theoretical Economics JITE | Vol. 171, No. 4, 2015
This paper studies the optimal-ring-size problem in a first-price auction environment, where a collusive ring center can endogenously choose the number of its members...
Keywords: Optimal Ring Size, First-Price Auctions
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Who Wants to Adopt and Who Wants to be Adopted: A Sample of American Families and Sub-Saharan African Orphans
Balding, Christopher*, Yan Feng, Atashband, A
ARTICLE | Health Policy and Planning | Vol.30, 2015
The debate between pro- and anti-international adoption advocates relies heavily on rhetoric and little on data analysis...
Keywords: Child mortality, Demographics, International adoption, Sub-Saharan Africa
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Ownership and M&A Performance in a Transitional Economy: The Case of the Chinese Real Estate Industry
Hongyan Yang, Jing Ru, Ting Ren
ARTICLE | Management and Organization Review | Vol. 11, No. 4, 2015
In a transitional economy such as China’s, when resources are unevenly distributed across different sectors, the disadvantaged sector may seek a growth path that bypasses resource constraints...
Keywords: M&A performance, Market environment, Ownership, Real estate industry, Transitional economy
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Product Market Competition and the Value of Innovation: Evidence from US Patent Data
Hyun Joong Im, Young Joon Park, Janghoon Shon
ARTICLE | Economics Letters | Vol. 137, 2015
This study investigates the relationship between product market competition and the market value of innovation using firm-level patent data of US firms over the period 1977-2005...
Keywords: Innovation, Product market competition, Value of innovation, Tariff cuts
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Wall Street Rewards CEOs Who Talk About Their Strategies
Richard Whittington, Basak Yakis-Douglas, Kwangwon Ahn
ARTICLE | Havard Business Review | December 28, 2015
Conventional wisdom says investors dislike uncertainty A CEO succession presents a time of enormous corporate uncertainty — and thus a time when investors may become especially skittish...
Keywords: CEOs, Strategies
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How Local Financial Market Imperfection and Exchange Rates Relate to Decisions to Export
Dingming Liu, Pu Chen*, Chunyang Wang
ARTICLE | Annals of Economics and Finance | No. 2, Vol. 16, 2015
Theoretic and empirical studies argue that the differences in financial mar- ket development contribute to varying export levels in international trade...
Keywords: Financial market imperfection, Exchange rates, Export
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Education and Income Attraction: An Online Dating Field Experiment
David Ong
ARTICLE | Applied Economics | 2015
Prior studies have found a robust correlation in the education of dating and married couples ...
Keywords: Education, Online dating, Field experiment, Gender, Differences, Matching, Marriage
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Child Gender, Intergenerational Kinship and Parental Labor Market Outcomes
Qing Wang
ARTICLE | Review of Development Economics | Vol. 19, 2015
This paper provides new evidence of the effects of child gender on parental labor market outcomes ...
Keywords: Child Gender, Intergenerational Kinship, Parental Labor Market Outcomes
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The Stock Price Performance of Spin-Off Subsidiaries, Their Parents, and the Spin-Off ETF, 2001-2013
John J. McConnell, Steven E. Sibley, and Wei Xu
ARTICLE | The Journal of Portfolio Management | Vol. 42, 2015
This article documents the stock price performance of subsidiaries spun off by their corporate parents and of the parents that spun them off from 2001 to 2013...
Keywords: Spin-Off Subsidiaries, Spin-Off ETF
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How Do High-Technology Firms Create Value in International M&A? Integration, Autonomy and Cross-border Contingencies
Hong Zhu, Jun Xia, Shige Makino
ARTICLE | Journal of World Business | Vol. 50, 2015
We propose that industry characteristics are very important to an acquiring firm s actions, suggesting the existence of systematic differences in post-acquisition value creation in different industries...
Keywords: Cross-border merger and acquisition, Value creation, Integration, Autonomy, Institutional distance, Language difference, International relations
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Credit Conditions and Stock Return Predictability
Sudheer Chava, Michael Gallmeyer, Heungju Park
ARTICLE | Journal of Monetary Economics | Vol. 74, 2015
U S stock return predictability is analyzed using a measure of credit standards(Standards) derived from the Federal Reserve Board s Senior Loan Officer Opinion Survey on Bank Lending Practices...
Keywords: Stock predictability, Credit supply, Macroeconomics,Survey data
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The Long-term Performance of Cross-border Mergers and Acquisitions — Evidence from the Chinese Stock Market
Sai Lan, Fan Yang, Hong Zhu
ARTICLE | Chinese Management Studies | Vol. 9, 2015
We find Chinese firms gain long-term value from CBMAs In particular, we find that Chinese firms tend to gain more value from targets from developed countries...
Keywords: Cross-border mergers and acquisitions (CBMA), Long-horizon event study, Outward Foreign Direct Investment (OFDI), Chinese stock market, Fama-French model
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A Study on Capacity Allocation Scheme with Seasonal Demand
Jian Zhou, Zheyu Tang, Deming Zhou & Ting Fang
ARTICLE | International Journal of Production Research | Vol. 53, No. 15, 2015
This paper studies a game-theoretical capacity allocation problem in a two-echelon supply chain comprised of one supplier and N retailers...
Keywords: Seasonal demand, Capacity allocation, Turn-and-earn, Nash equilibrium
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Viability of Self-Employment
Mudziviri Nziramasanga, Sanjoy Bhattacharjee, Minsoo Lee
ARTICLE | Journal of Development Studies | Vol.45, No.7, 2009
Empirical studies on self-employment uniformly cite the high mortality rate in both developed and developing countries...
Keywords: Self-Employment
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High-Tech Firms' International Acquisition Performance:The Influence of Host Country Property Rights Protection
Hong Zhu, Gong-ming Qian
ARTICLE | International Business Review | Vol. 24, 2015
Prior research suggests that high-tech firms tend to encounter market transaction uncertainties in countries with weak property rights protection (PRP) and that transaction costs will increase significantly with such uncertainties...
Keywords: High-tech firms, Host-country institutions, International acquisition,Post-acquisition performance,Property rights protection
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Lenders and Borrowers' Strategies in Online Peer-to-Peer Lending Market: An Empirical Analysis of PPDAI.COM
Yan Feng, Xinlu Fan, Yeujun Yoon
ARTICLE | Journal of Electronic Commerce Research | Vol. 16, 2015
We investigate key factors affecting lenders bidding strategies using three measurements for the popularity of loans: funding success, number of bids, and funding time...
Keywords: Online P2P lending, Lender strategy, Borrower strategy, Borrower types, PPDai
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Competition in Multi-Echelon Distributive Supply Chains with Linear Demand
Deming Zhou, Uday S. Karmarkar, Bo Jiang
ARTICLE | International Journal of Production Research | Vol. 53, 2015
We studied competition in multi-echelon supply chains with a distributive structure...
Keywords: Distributed decision-making, Successive Cournot competition, Supply chain management
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Employee Value Congruence and Job Attitudes: The Role of Occupational Status
Ting Ren, Darla J. Hamann
ARTICLE | Personnel Review | Vol. 44, No. 4, 2015
Purpose – Extant research has shown the positive effects of value congruence on individual attitudes, behaviors and performance...
Keywords: Occupational status, Quantitative, Nursing homes, Job attitudes, Nursing staff, Value congruence
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Comparing Workplace Organization Design Based on Form of Ownership: Nonprofit, For-Profit, and Local Government
Avner Ben-Ner, Ting Ren
ARTICLE | Nonprofit and Voluntary Sector Quarterly | Vol. 44, 2015
This study offers hypotheses concerning differences in organization design among for-profit (FP), nonprofit (NP), and local government (LG) organizations ...
Keywords: Organization design, Nonprofit and for-profit comparison, Local government, Nursing homes, Organization structure, Decision-making
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Income Attraction: An Online Dating Field Experiment
David Ong, Jue Wang
ARTICLE | Journal of Economic Behavior & Organization | Vol. 111, 2015
We measured gender differences in preferences for mate income ex-ante to interaction(“income attraction”) in a field experiment on one of China’s largest online dating websites...
Keywords: Online dating, Field experiment, Gender differences, Matching, Marriagea
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An Empirical Analysis of Interest Rates and Exports under Imperfect Credit Markets
Pu Chen, Nan Xu, Chunyang Wang
ARTICLE | Applied Economics Letters | Vol. 22, 2015
This article studies the empirical relationship between interest rates and exports under imperfect credit markets...
Keywords: Exports, Interest rates, Private credit, Imperfect credit market, F1, F4, G3
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Are Your Clients Making the Right Loan Choice?
Ning Tang, Timothy Lu
ARTICLE | Journal of Financial Planning | October 2014
This paper uses a hypothetical debt scenario to compare the costs of four types of loans to fund consumption Results show that, under reasonable assumptions, 401(k) loans are cheaper than credit card and high-cost loans...
Keywords: Hypothetical Debt Scenario, Loan Choices
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Corporate Tax Aggression and Debt
Shannon Lin, Naqiong Tong, Alan Tucker
ARTICLE | Journal of Banking and Finance | Vol. 40, 2014
We provide a tradeoff model of the capital structure that allows leverage to be a function of a firm’s choice of tax aggressiveness...
Keywords: Tax planning, Tax aggression, Leverage, Debt, Capital structure
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Do Nonprofits Treat Their Employees Differently? Incentive Pay and Health Benefits
Xinxiang Chen, Ting Ren, David Knoke
ARTICLE | Nonprofit Management & Leadership | SPRING 2014
We examine how nonprofit, public, and for-profit establishments vary in the provision of health benefits and insurance and performance-based incentives using the 2002 National Organization Survey of establishments in the United States...
Keywords: Agency theory, Health benefits, Intrinsic motivation, Ownership, Performance-based incentives