Douglas Xu, Douglas Xu, Lin William Cong (叢林) 2016
We model financial innovations such as Exchange-Traded Funds, smart beta products, and many index-based vehicles as composite securities that facilitate... Read More
Hongda Zhong 2016
Firms often choose to raise capital from multiple creditors even though doing so may lead to inefficient liquidation caused by... Read More
Pete Kyle,Pete Kyle, Mina Lee 2016
This paper investigates the strategic foundations for rational expectations equilibrium. In the model, risk-averse traders with two signals—private information and... Read More
Brett Green , William Fuchs Vladimir Asriyan 2016
We study information spillovers in a dynamic setting with corre- lated assets owned by privately-informed sellers. In the model,... Read More
Ivan Marinovic , Paul Povel 2016
We study the effects of introducing competition for CEOs, assuming that the talent of CEOs is not observable and... Read More
Published: Journal of Accounting and Economics, 2017, 64(1), 1-14