Jordan Martel May 01,2025
Working Paper No.00151-00
How should we expect firms to communicate with their shareholders in the presence of uncertainty? This paper studies a model... Read More
Yuanyu Qu,Guojun Wang, Lin William Cong (叢林) Nov 21,2024
Working Paper No.00144-00
We present the first piece of empirical evidence on blockchain adoption for environmental monitoring. Using a staggered difference-in-difference (DID) framework,... Read More
Nicolas Figueroa, Nicolas Inostroza Apr 26,2023
Working Paper No.00097-00
A liquidity-constrained asset owner designs an asset-backed security to raise funds from an informed liquidity supplier. Information insensitive securities reduce... Read More
Kostas Koufopoulos (York), Pavel Zryumov , Giulio Trigilia Jul 11,2023
Working Paper No.00106-00
We show that short-term debt in a firm’s optimal capital structure reduces investment under asymmetric information. Investors’ interpretation of underinvestment... Read More
Aydogan Alti, Jonathan Cohn Nov 01,2022
Working Paper No.00083-00
We present a model in which informed experts intermediate in the market for going public by acquiring private firms and... Read More
Batchimeg Sambalaibat Jul 07,2021
Working Paper No.00072-00
I build a search model of bond and credit default swap (CDS) markets with endogenous investor participation and show that... Read More
Francesco Bova, Liyan Yang Jul 06,2018
Working Paper No.00036-00
We develop a model to illustrate that equity-based compensation for non-executive employees and product market decisions are related. When... Read More
Ivan Marinovic , Paul Povel Jul 08,2018
Working Paper No.00041-00
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