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PKU Financial Review
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20 Apr 2018
The Welfare and Distributional Effects of Fiscal Volatility: A Quantitative Evaluation
This study explores the welfare and distributional effects of fiscal volatility using a neoclassical stochastic gro
17 Apr 2018
Emotion-Based Model of Pay Differential: Pay Differential, Envy, Social Undermining, and Self-Esteem
This study presents an emotion-based explanation regarding the pay differential effects Previous studies have frequ
17 Apr 2018
Distorted Risk Incentives from Size Threshold-Based Regulations
Many regulations that affect firms and banks in the economy are based on size thresholds We develop a model th
26 Mar 2018
The Price Effects of Liquidity Shocks: A Study of SEC's Tick-Size Experiment
This paper studies the SEC& 39;s pilot program that increased the tick size for approximately 1,200 randomly chose
27 Feb 2018
The Roles of Regional Directorship Networks in Firm Failure among Colombian SMEs
We expand board interlock research by developing theory and testing hypotheses about community-level social capital
27 Feb 2018
Do Prime Brokers Matter for Funds of Hedge Funds?
We analyze possible information sharing between two important types of hedge fund intermediaries, namely funds of
04 Jan 2018
Oil Shocks, External Adjustment, and Country
This study examines the intertemporal theory of external adjustment and the determinants of country portfolio dynam
25 Dec 2017
Assigning Responsibility to Teams
This paper provides a rationale for why holding responsible fewer rather than more members of a team increases t
25 Dec 2017
Who Gains from Credit Granted between Firms? Evidence from Inter-corporate Loan Announcements Made in China
Who gains from inter-corporate credit? To answer this question we investigate the market reaction of both the iss
22 Dec 2017
State, Family and Profession: The Adoption of Old-age Insurance Practice in Chinese Private-owned Enterprises
This study examines the adoption of employee old-age insurance among private-owned enterprises (POEs) in China duri
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