Corruption, Dodd-Frank Whistleblowing, and Corporate Investment

Qingjie Du

Hong Kong Polytechnic University;

 

Discussion: Seungjoon Oh, Pecking HSBC Business School

Does Corporate Investment Respond to Time-Varying Cost of Capital? Empirical Evidence

Yongjin Kim

City University of Hong Kong

 

Discussion: Hope Hyeun Han, UNIST

Capitalizing on Sustainability: Value of Going Green

Kim, Taehyun¹, Kim, Yongjun²

¹UNIST; ²Univresity of Seoul;

 

Discussion: Jeewon Jang, Ajou University

 

 

U.S. Monetary Policy Transmission and Liquidity Risk Premia around the World

Kuan-Hui Lee¹, Andrew Karolyi², Mathijs van Dijk³

¹Seoul National University; ²Cornell University; ³Erasmus University;

 

Discussion: Daejin Kim, UNIST

Stock Prices, Changes in Liquidity, and Liquidity Premia

Bong-Gyu Jang¹, Bong-Soo Lee², Hyun-Tak Lee^3,4

¹POSTECH; ²Florida State University; ³Korea Asset Management Corporation; ⁴National University of Singapore;

Bond Market Development, Bank Portfolio Structure and Liquidity Risk: Evidence from Emerging Markets

Donghyun Park, Shu Tian, Marie Anne Cagas

Asian Development Bank

 

 

Labor Leverage, Financial Leverage, and the Dissection of Expected Returns

Jaewon Choi¹, Andres Donangelo², Yongjun Kim³

¹University of Illinois at Urbana-Champaign; ²University of Texas at Austin; ³University of Seoul;

Firm Uncertainty and Household Spending

Hoonsuk Park¹, Iván Alfaro²

¹Nanyang Technological University; ²BI Norwegian Business School;

How Do Equity Offerings Affect Firms? Evidence on Technology, Employee and Performance

E. Han Kim¹, Heuijung Kim², Yuan Li³, Yao Lu⁴, Xinzheng Shi⁴

¹University of Michigan; ²Sungkyunkwan University; ³University of Southern California; ⁴Tsinghua University

 

Discussion: Soo Young Song, Chung-Ang University

Local Employment Opportunities and Corporate Retention Policies

Kyeong Hun Lee¹, Karin Thorburn¹, Emma Q. Xu²

¹Norwegian School of Economics; ²University of Texas at El Paso;

 

 

Bond Funds and Credit Risk

Jaewon Choi¹, Amil Dasgupta², Ji Yeol Jimmy Oh³

¹University of Illinois at Urbana-Champaign; ²London School of Economics; ³Hanyang University;

 

Tournament Incentives and Firm Performance: Does Gender Matter?

Bobae Choi¹, Md Reiazul Haque¹, Doowon Lee¹, Sue Wright²

¹University of Newcastle; ²University of Technology Sydney;

 

Can Short Selling Constrain the Shift Between Accrual-based and Real Earnings Management?

Tianyu Cai¹, Lixiong Guo², Rik Sen¹

¹University of New South Wales; ²University of Alabama;

 

Do Mutual Fund Managers Care About Star Ratings? Evidence from Portfolio Pumping

Sanghyun (Hugh) Kim

University of Texas at Dallas;

 

Discussion: Kyounghun Bae, Hanyang University

 

 

Information Glitters: Follow Northbound Investors on China’s Interconnected Market

Keqi Chen, Yuehan Wang, Xiaoquan Zhu

Tsinghua University;

 

Bank Lending Cycle and Expected Stock Returns

Heungju Park¹, Bumjean Sohn²

¹Sungkyunkwan University; ²Korea University;

 

Splitting and Shuffling: Trading Motives and Order Submissions across Brokers

Munhee Han

University of Texas at Dallas;

 

The Pricing of the Illiquidity Factor’s Conditional Risk with Time-varying Premium

Yakov Amihud¹, Joonki Noh²

¹New York University; ²Case Western Reserve University;

 

Discussion: Shu-Feng Wang, Ajou University

 

 

Understanding the Effects of Alternative Cost-of-Equity Proxies on Corporate Investment and Financing

Soku Byoun¹, Kai Wu²

¹Baylor University; ²Central University of Finance and Economics; 

 

The Voice of Risk: Wall Street CEOs’ Vocal Masculinity and Financial Crisis in 2008

Andy (Y. Han) KIM¹, Min Jung KANG², Hyung Seok KIM³

¹Sungkyunkwan University; ²University of Michigan-Flint; ³Konkuk University;

 

Discussion: James (Jin Kwan) Park, Korea University

Impact of Price Path on Disposition Bias

Avijit Bansal, Joshy Jacob

Indian Institute of Management Ahmedabad;

 

Inertia of Institutional Investors: Rational or Behavioral?

Mohammad "Vahid" Irani, Hugh Hoikwang Kim

University of South Carolina;

 

Discussion: Sanghyun Kim, University of Texas at Dallas

 

 

Does Portfolio Disclosure Make Money Smarter?

Byoung Uk Kang², Andrew John Sinclair¹, Stig J. Xeno²

¹The University of Hong Kong; ²The Hong Kong Polytechnic University;

 

Bear Market Risk and the Cross-section of Hedge Fund Returns

Thang Minh Ho, Anastasios Kagkadis, Jiaguo Wang

Lancaster University;

 

 

 

How Creative are Professor Directors? The Impact of Academic Expertise on Corporate Innovation

Dong Chen¹, Yanmin Gao², Phyllis Mo², Desmond Tsang³

¹Wuhan University; ²City University of Hong Kong; ³McGill University;

 

Discussion: Junyoup Lee, UNIST

Property Rights and Debt Financing

Paula Suh

University of Georgia;

 

Discussion: Haehean Park, Southwestern University of Finance and Economics

A Dark Side of Corporate Venture Capital

Xuan Tian¹, Kailei Ye²

¹Tsinghua University; ²University of North Carolina at Chapel Hill

 

Information Transparency in Drug Development: Evidence from Mandatory Disclosure of Clinical Trials

Po-Hsuan Hsu¹, Kyungran Lee², S. Katie Moon³, Seungjoon Oh⁴

¹National Tsing Hua University; ²University of Hong Kong; ³University of Colorado Boulder; ⁴ Peking University HSBC Business School;

 

 

 

Credit Default Swaps around the World: Investment and Financing Effects

Sohnke Bartram¹, Jennifer Conrad³, Jongsub Lee³, Marti Subramanyam⁴

¹Warwick Business School; ²University of North Carolina; ³Seoul National University; ⁴NYU Stern School of Business;

 

Country Index Comovement

Sungjune Pyun, Johan Sulaeman

National University of Singapore;

 

Information Choice, Shock Transmission and Contagion

Adelina Barbalau

University of Alberta;

 

 

 

Firm-level Political Risk and Bank Loan Contracting

Yang Wang

The Hong Kong Polytechnic University;

 

Friends for the benefits: The effects of political ties on sovereign borrowing conditions

Gene Ambrocio¹, Iftekhar Hasan^2,1

¹Bank of Finland; ²Fordham University;

 

Spillover Effects of IPOs along Supply Chains: Evidence on Debt Financing

Sung C Bae¹, Iftekhar Hasan^2,3, Liuling Liu¹, Haizhi Wang⁴

¹Bowling Green State University; ²Fordham University; ³Bank of Finland; ⁴Illinois Institute of Technology;

 

What Matters During Bad Times? Evidence from the Bond Market

Sadok El Ghoul¹, Omrane Guedhami², Sattar Mansi³, Hyo Jin Yoon²

¹University of Alberta; ²University of South Carolina; ³Virginia Tech;

 

 

 

Economic uncertainty and bank risk: Evidence from emerging economies

Ji Wu¹, Yao Yao¹, Minghua Chen¹, Bang Nam Jeon²

¹Southwestern University of Finance and Economics; ²Drexel University;

 

Discussion: Paul Brockman, Lehigh University

Dismembered Giants: Bank Divestitures and Local Lending

Yong Kyu Gam¹, Yunqi Zhang²

¹Southwestern University of Finance and Economics; ²Nankai University;

 

Securitization and Screening Incentives: Evidence from Mortgage Processing Time

Dong Beom Choi¹, Jung-Eun Kim²

¹Seoul National University; ²Federal Reserve Bank of Richmond;

 

 

Universal Ethics or Ethical Relativism? Evidence from Firm Internationalization and Emissions

Jongmoo Jay Choi¹, Hoje Jo², Haehean Park³, Lingxia Sun⁴

¹Temple University; ²Santa Clara University; ³Southwestern University of Finance and Economics; ⁴Nankai University;

 

Discussion: Hyo Jin Yoon, University of South Carolina

Terrorist Attack and Corporate Social Responsibility

Trung K. Do^1,2, Hongren Huang¹, Albert Tsang³

¹National Central University; ²Danang Architecture University; ³York University;

 

Discussion: Hyoseok Hwang, University of Wisconsin at Eau Claire

Brain Drain: The Impact of Air Pollution on Firm Performance

Shuyu Xue¹, Bohui Zhang², Xiaofeng Zhao³

¹Singapore Management University; ²The Chinese University of Hong Kong; ³Lingnan University;

 

Local Shareholders, Corporate Community Responsibility, and Shareholder Value

Hyoseok Hwang¹, Hyun Gon Kim², Jung Yeun Kim²

¹University of Wisconsin at Eau Claire; ²Rutgers University at Camden;

 

 

 

Shorting Costs and Profitability of Long–Short Strategies

Dongcheol Kim, Byeung-Joo Lee

Korea University;

 

Withholding Bad News When Competing Peers Have Common Customers

Rui Dai¹, Rui Duan², Lilian Ng²

¹University of Pennsylvania; ²York University;

 

Discussion: Doowon Lee, University of New Castle

 

Machine Invasion: Automation in Information Processing and the Cross Section of Stock Returns

Yanbo Wang, Raunaq Pungaliya

Sungkyunkwan University;

Discussion: Donghyun Kim, Chung-Ang University

 

 

The Rise of a Network: The Spillover of Political Patronage and Cronyism to the Private Sector

David Schoenherr¹, Terry Moon²

¹Princeton University; ²University of British Columbia;

 

Uncoordinated Hedging and Price Chain Reaction

Jun Kyung Auh, Wonho Cho

Yonsei University;

Do Bad Targets Become Worse Targets? Evidence from Sequential Transfers of Control Blocks

Euna Cho¹, Woojin Kim²

¹Bank of Korea; ²Seoul National University;

 

 

 

The Estate Tax and Payout Policy in Family Firms

Yeejin Jang¹, So-Yeon Lim²

¹University of New South Wales, ²Xiamen University;

 

Discussion: Yao Lu, Tsinghua University

Does Shareholder Litigation Risk cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits

Jonathan Brogaard¹, Nhan Le², Duc Duy (Louis) Nguyen³, Vathynyoo (Ben) Sila⁴

¹University of Utah, ²Australian National University; ³King’s College London; ⁴University of Edinburgh;

 

Can Stakeholder Orientation Improve Inventory Efficiency? Evidence from a Quasi-Natural Experiment

Yunxiao Liu¹, Woochan Kim²

¹Shanghai University; ²Korea University;