Time varying correlations and casualties between stock and foreign exchange markets:Evidence from China, Japan and Korea
Young K. Park, Sungkyunkwan University
Wednesday, June 22, 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School
This paper examines the time varyingrelationship between stock and foreign exchange markets for China, Japan and K...
Keywords: Conditional Correlations , FX and stock markets, Granger Casuality, Casuality Reversals, Markox Regime Sgifting
Kyoung Jin Choi, University of Calgary
Monday, June 20, 2016 | 2:00 - 3:30 PM |
In this paper we develop a consumption and portfolio selection model for a householdwith borrowing constraints end...
Alessandro Barattieri, Collegio Carlo Alberto
Tuesday, June 14, 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School
In the period that preceded the 2008 crisis, US nancial intermediaries have becomemore leveraged (measured as the...
Keywords: Banks Interconnectivity and Leverage
Binglin Gong, Fudan University
Monday, June 13 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School
We use a series of laboratory experiments to study the hypothesis of the competitive savingmotive proposed by Wei...
Funding forms, market conditions and dynamic effects of government R&D Subsidies: Evidence from China
Di Guo, Hong Kong University
Wednesday, June 8, 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School
We examine various factors that influence the effects of government-subsidized research and development (R&D) progra...
Keywords: government R&D program, firm productivity, dynamics, marketization, funding forms
Erin Scott, National University of Singapore
Wednesday, May 25, 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School
This paper studies whether experienced entrepreneurs, executives, and investors can predictthe subsequent outcomes of...
Myungkyu Shim, Shanghai University of Finance and Economics
Wednesday, May 18, 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School
We uncover a novel interaction between strategic uncertainty in coordinationgames of incomplete information - such...
Keywords: Macroeconomics, Macroeconomic Theory, Labor Economics
Jun Yang, Indiana University
Wednesday, May 18, 2016 | 10:30 AM - 12:00 PM | Room 337, HSBC Business School
Investment opportunities on internet-based P2P lending appear and disappear in a few minutes It provides...
Keywords: Fast-thinking; System 1 Mistakes; P2P lending
Resolving the Tension between Strategic CSR and Legitimacy: The Roles of Scope and Content Conformity
Wang Heli, Singapore Management University
Tuesday, May 17, 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School
Recent CSR literature emphasize that firms benefit the most from strategic CSR, by customizing their CSR practices...
Keywords: Resource-Based Theory of the Firm and employee governance, Strategic Human Capital, Corporate Social Responsibility and Business Ethics, Knowledge and Innovation
Jaehyuk Choi, Investment Bank of Hong Kong
Tuesday, May 17, 2016 | 10:30 AM - 12:00 PM | Room 337, HSBC Business School
This study considers pricing options under multivariate Black-Scholes models such as basket options, spread...
Keywords: Quantitative finance, Mathematical modelling, Numerical methods, Data science
Dr. Kevin Ow Yong, Singapore Management University
Wednesday, May 11, 2016 | 2:00 - 3:30 PM | Room 335
Fair value accounting, SFAS 157, voluntary disclosure, controls, information risk...
Keywords: Voluntary Fair Value Disclosures Beyond SFAS 157’s Three-Level Estimates
Xiaping Cao, Sun Yat Sen University
Monday, 9 May, 2016 | 2:00 - 3:30 PM | Room 337, HSBC Business School Building
Using a proprietary database of 123,819 bids by institutional investors for share allocations in 783 Chinese IPOs,...
Keywords: Dispersion, Divergence of opinion, Institutional investors, Initial public offering, IPO underpricing, China, Auction
Yao Lu, Tsinghua University
Thursday, May 5, 2016 | 12:30pm-1:30pm | Room 331, HSBC Business School Building
We find that the occurrence, scope and busyness of busy directors can significantly increase firms’ stock price synchronicity with the market using the data of Chinese publicly listed firms ...
Keywords: Busy directors, Stock price synchronicity, Costs of equity
Xuewen Liu, Hong Kong University of Science and Technology
Wednesday, May 4, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
We model the interplay between trade in the interbank market and creditor runs on nancialinstitutions We show...
Keywords: Interbank market, creditor runs, insolvency risk, illiquidity risk, global games
Aviad Aba Pe’er, Rutgers Business School--Newark and New Brunswick
Wednesday, April 27, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
In a world of hypercompetition and commoditization, innovation is crucially important for the success and survival of organizations Indeed, the vast majority of top executives consider innovation to be one of their companies’ top strategic priorities...
Keywords: R&D failures, Research costs, Speed innovation
Weiquan Wang, City University of Hong Kong
Tuesday, April 26, 2016 | 3:00pm-4:30pm | Room 331, HSBC Business School Building
Online sponsorships are commonly applied in search engines to promote the links of sponsors (e g , links to their products and websites)...
Keywords: Online sponsorships, Sponsored search results
Seungjoon Oh, PHBS
Wednesday, April 20, 2016 | 12:00pm-13:00pm | Room 331, HSBC Business School Building
We examine the effects of differential initial competence within highly innovative startup firms on their innovation strategies and growth...
Keywords: Initial competence, Innovation strategies, Firm growth
Jipeng Zhang,Southwestern University of Finance and Economics
Wednesday, April 20, 2016 | 2:00pm-3:30pm | Room 331, HSBC Business School Building
This paper investigates how government intervention in land market affects China s urban development, using data from prefecture-level cities between 2000 and 2010...
Keywords: Land market, Housing supply; Government intervention, Urban development, Chinese economy
Liping Lu, VU University Amsterdam
Thursday, April 14, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
Using an event study of the interbank liquidity crunch in June 2013 in China, we investigate how lending relationships affect the market reactions of the borrowing firms during the interbank liquidity crunch...
Keywords: Lending relationship, Interbank liquidity crunch, Local banks
Bohui Zhang, UNSW Australia
Wednesday, April 6, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
We study how investor sentiment affects stock markets around the world Relying on the Google search behavior of households, we construct a weekly search-based measure of sentiment for 40 countries during the 2004–2014 period...
Keywords: Sentiment, Google search, International markets, Limits to arbitrage, Co-movement
Jun-Koo Kang, Nanyang Business School/Nanyang Technological University
Thursday, March 31, 2016 | 11:00am-12:30pm | Room 331, HSBC Business School Building
We examine the impact of geographic concentration of institutional investors on corporate governance and firm value...
Keywords: Geographic concentration, corporate governance, Institutional investors, Firm value, CEO turnover, Proxy voting, Liquidity
Bo Zhao, the University of Hong Kong
Wednesday, March 9, 2016 | 2:00pm-3:30pm | Room 331, HSBC Business School Building
The Securities and Exchange Acts of 1933 1934 are the first nationwide public laws of financial regulation in the world These laws are implemented with the aims of making information disclosure mandatory and market manipulation illegal...
Keywords: 1934 Exchange Act, Idiosyncratic volatility, Mandatory disclosure
David Ong, PHBS
Tuesday, March 1, 2016 | 2:00pm-3:30pm | Room 331, HSBC Business School Building
Many empirical studies show a robust labor market beauty premium, which surprisingly, is larger for men than women, and moreover, in fields where beauty should not be related to productivity, e g , software engineering...
Keywords: Beauty premium, Labor market discrimination, College admission, 2d:4d, Testosterone
Bayesian Semi-Parametric Realized-CARE Models for Tail Risk Forecasting Incorporating Range and Realized Measures
Chao Wang, University of Sydney
Wednesday, February 24 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
A new model framework called Realized Conditional Autoregressive Expectile (Realized-CARE) is proposed, through incorporating a measurement equation into the conventional CARE model, in a manner analogous to the Realized-GARCH model...
Keywords: Expectile, Realized variance, Realized range, Subsampling, Markov chain monte carlo, Value-at-Risk, Expected shortfall
Xiaoyu Xia, Chinese University of Hong Kong
Friday, January 8, 2016 | 2:00pm-3:30pm | Room 335, HSBC Business School Building
How do people in a romantic matching situation choose a potential partner? We study this question in a new model of matching under search frictions, which we calibrate using data from an existing speed dating experiment...
Keywords: Smart-dating, Speed-dating