Choonsik Lee, Quinnipiac University
Wednesday, December 30, 2015 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
Using a large panel sample covering 2002–2009, we find that firms with larger cash holdings are less likely to opt out of state antitakeover statutes (ATS)...
Keywords: Corporate control market, Antitakeover statutes, Corporate liquidity
Unraveling the Benefits of Inter-organizational Endorsements for Startups: The Role of Government Research Grants in Venture Capital Financing
Mazhar Islam, Tulane University
Wednesday, December 23, 2015 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
Earlier studies document the value of inter-organizational endorsements to startups, but do not adequately disentangle the value of the initial certification that comes at selection from post-selection support...
Keywords: Inter-organizational endorsements, Startups
Jun Kyung Auh, Georgetown University
Wednesday, December 16, 2015 | 2:00pm-3:30pm | Room 329, HSBC Business School Building
We study bilateral repurchase agreements in a novel database with one borrower and many lenders...
Keywords: Secured lending, Collateral, Margin, Interest rate, Repo
Charles Engel, University of Wisconsin-Madison
Monday, December 14, 2015 | 2:00pm-3:30pm | Room 329, HSBC Business School Building
We investigate the link between real exchange rates and sectoral total factor productivity measures for countries in the Eurozone...
Keywords: Balassa-Samuelson, Real exchange rates, Eurozone, Total factor productivity, Unit labor cost
Yuanji Wen, University of Western Australia
Wednesday, December 9, 2015 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
We examine the information content of extreme trading activity for portfolio formation to investigate whether high-volume return premium phenomenon (Gervais, Kaniel and Mingelgrin, 2001) exists in Chinese stock markets or not since stock exchanges were es...
Keywords: High-volume return premium, Stock market
Ge Zhou, Zhejiang University
Friday, December 4, 2015 | 2:00pm - 3:30pm | Room 335, HSBC Business School Building
This paper revisits the long-run relationship between inflation and economic growth by exploring the impact of inflation on investment...
Keywords: Liquidity demand, Credit constraint, Cash in advance, Inflation tax, Endogenous growth
Sheen S. Levine, University of Texas at Dallas
Monday, November 30, 2015 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
Markets are central to modern society, so their failures can be devastating Here, we examine a prominent failure: price bubbles Bubbles emerge when traders err collectively in pricing, causing misfit between market prices and the true values of assets...
Keywords: Diversity, Decision making, Markets, Sociology, Economics, Psychology
David Ong, PHBS
Friday, November 20, 2015 | 12:00pm - 13:00pm | Room 763, HSBC Business School Building
Many empirical studies have demonstrated a robust labor market beauty premium Among these, a number have noted a surprisingly strong beauty premium for men...
Keywords: Academic source, Beauty premium
René Schubert, Technische Universität München (TUM)
Wednesday, November 19, 2015 | 12:30pm – 1:30pm | Room 763, HSBC Business School Building
The intended study shall explore the incorporation of Social Responsibility and Sustainability in Banking on a global scale, depending on the development stage of the society...
Keywords: Sustainability, Social responsibility, Financial institutions
Zhenhui (Jack) Jiang, National University of Singapore
Tuesday, November 17, 2015 | 2:00pm-3:30pm | Room 329, HSBC Business School Building
Video advertising is becoming increasingly popular in online product marketing However, its effectiveness has been found limited because viewers tend to avoid watching ads despite video being an engaging medium...
Keywords: Video advertising, Eye-tracking study
Bong Hwan Kim, Seoul National University
Monday, November 16, 2015 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
We study changes in borrower accounting recognition surrounding the initiations of receivable-based bank loans with covenants requiring accounts receivable aging reports...
Keywords: Bank lending, Accounting recognition, Aging report requirement
Relational and Group Contingencies Associated with Perceived Political Skill - Job Performance Relationships: A Cross-level Investigation in Taiwan Service Industry
Yin (Nadia) Yu, HKUST
Wednesday, October 28, 2014 | 2:00pm - 3:30pm | Room 329, HSBC Business School Building
Organizational politics is pervasive in the workplace...
Keywords: Perceived political skill, Group political climate, Leader-member exchange, Job performance, Cross-level theorizing
Effects of Monetary Shocks and Financial Distresses on Behavior of Credit Channels: Analysis of Trade Credit Channel in Korea
Byung-Uk Chong, University of Seoul
Monday, October 26, 2015 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
This paper investigates how macroeconomic monetary shocks and microeconomic financial distress factors affect the behavior of trade credit channel in debt market...
Keywords: Monetary Shock, Credit Constraint, Financial Crisis, Financial Distress, Credit Channel, Trade Credit
Ingratiation or Self-promotion: How Newly Appointed CEOs Use Social Influence Tactics to Manage the Leadership Transition Process
Xiwei Yi, Rice University
Friday, October 23, 2015 | 2:00pm - 3:30pm | Room 329, HSBC Business School Building
While prior studies have identified a number of factors that lead to the early dismissal of newly appointed CEOs, little is known about what newly appointed CEOs could do to manage their leadership transition process and alleviate early dismissal rate...
Keywords: IngratiaIngratiation, Self-promotion, Newly appointed CEOs
Huihui Wang, Duke University
Wednesday, October 21, 2015 | 2:00pm - 3:30pm | Room 329, HSBC Business School Building
Big-box stores oer a broad selection of products and make it convenient for consumers to buy many of the products they need in just one store...
Keywords: Big-box store, Specialty store, Consumer search, Consumer Knowledge, Pricing, Customer service, Price advertising
Fei Qin, London School of Economics and Political Science
Tuesday, September 29 | 2:00pm-3:30pm | Room 329, HSBC Business School Building
The repatriation of highly skilled migrants has been viewed as important to the supply of entrepreneurial talent in emerging markets...
Keywords: Global Talent, Social Influence
Michael T. Chng, Xi’an Jiaotong-Liverpool University
Thursday, September 24 | 11:00am-12:30pm | Room 335, HSBC Business School Building
We examine how does the introduction of exchange-traded fund (ETF) affects the arbitrage and price discovery mechanism between the China Securities Index (CSI) 300 spot and futures markets...
Keywords: Cost of carry, Arbitrage, Price discovery, Index futures
Thursday, September 17, 2015 | 12:30pm – 1:30pm | Room 763, HSBC Business School Building
We examine the roles played by bank lending cycle in predicting U S stock returns Using a cycle component of U S commercial and industrial (C&I) loans, we find that the cycle component is a strong predictor of U S aggregate stock returns...
Keywords: Bank lending cycle
Steven Kou, National University of Singapore
Wednesday, September 2, 2015 | 9:00am-10:30am | Room 335, HSBC Business School Building
Foster and Young (2010, Quarterly Journal of Economics) shows that it is very difficult to design performance fee contracts that reward skilled fund managers while screening out unskilled fund managers...
Keywords: Separating Skilled and Unskilled Fund Managers by Contract Design
Sung Bin Sohn, Heungju Park
Wednesday, July 8, 2015 | 12:30pm -1:30pm | Room 237, HSBC Business School Building
This study examines the roles played by components of makret illiquidity in explaining the cross-section of expected stock returns...
Keywords: Stock Returns, Market Illiquidity
Kose John, New York University
Thursday, July 9, 2015 | 2:00pm–3:30pm | Room 335, HSBC Business School Building
Two different financial systems with some opposing features have evolved in the advanced economies, namely the insider system and the outsider system...
Keywords: Institutions, Markets and growth, Comparative corporate governance
Cuiping Chen, University of Ontario Institute of Technology
Wednesday, July 8, 2015 | 11:00am–12:30pm | Room 335, HSBC Business School Building
With the ongoing development of the Internet and Internet-related technologies, online consumer-to-consumer (C-to-C) word-of-mouth (WOM) communications have become increasingly widespread and substantial (Berger 2014; King, Racherla, and Bush 2014)...
Keywords: Word-of-mouth marketing, Consumer-to-consumer marketing, C-to-C marketing, Online word-of-mouth transmission
Chenggang Xu, University of Hong Kong
Wednesday, June 10, 2015 | 2:00pm–3:30pm | Room 335, HSBC Business School Building
This paper studies, theoretically and empirically, the rational of the Chinese Communist Party (CCP)’s constitutional transformation from totalitarian to authoritarian ...
Keywords: Political Economy, Totalitarian constitution
Craig W. Holden, Indiana University
Wednesday, June 10, 2015 | 10:30am–12:00pm | Room 335, HSBC Business School Building
I develop a theory of optimal trading by an institutional trader who receives a parent order (i e , an overall trading request) from a fund manager to buy a specific quantity of a particular stock over a specified time horizon ...
Keywords: Optimal trading strategy, Dynamic limit order book, Liquidity, Order flow
Alessandro Barattieri, ESG UQAM
Tuesday, June 9, 2015 | 2:00pm–3:30pm | Room 333, HSBC Business School Building
We document that in the U S , the share of financial assets that have a direct counterpart in the financial system has increased by between 15 8 and 21 8 percentage points during the period 1952-2011 ...
Keywords: Financial sector interconnectedness, Monetary policy transmission mechanism