【本期主题】Does Legal Enforcement Matter for Financial Risks? Evidence from Loan Repayments in China Using a unique sample of Chinese bank loans over the period 2007-2012, we analyze the repayment de...
【本期主题】Taming the Factor Zoo The asset pricing literature has produced hundreds of potential risk factors. Organizing this “zoo of factors” and distinguishing between useful, useless, and redun...
【本期主题】It’s all about what you lose: downside loss and mutual fund performance We find funds with high downside loss significant underperform funds with low downside loss by about 4.3% per annum...
【本期主题】Does Career Risk Deter Potential Entrepreneurs? Do potential entrepreneurs remain in wage employment because of the danger that they will face worse job opportunities should their entrepre...
【本期主题】Geographic Concentration of Venture Capital Investors, Corporate Monitoring, and Firm Performance This paper examines how the coordination of venture capital (VC) investors in their syndic...
【本期主题】Nonparametric Momentum Strategies Nonparametric measures, such as rank and sign of daily returns, capture investor underreaction while mitigating overreaction to extreme movements of stock...
【本期主题】The Independence of Independent Directors over Their Tenure: Insights from Insider Trading We examine the effectiveness of board monitoring of insider trading over independent directors’ ...
【本期主题】Land Share, Mortgage Default, and Loan-to-Value Ratio as a Macro-Prudential Policy Tool In assessing the riskiness of a mortgage loan, one of the primary underwriting criteria used by lend...
2016年金融高端论坛《冬季论坛》