d*2
2 楼
这种专业有用吗? 米国FIRE economy把国家都掏空了,中国有啥资本被这样干?
h*0
7 楼
绝对要match
L*s
10 楼
通常回国打个七折,八折可以了。
这个也要match,得是什么银行,基金的总监,学校里估计的是nobel获奖者,可以撑门
面的。
这个也要match,得是什么银行,基金的总监,学校里估计的是nobel获奖者,可以撑门
面的。
e*e
11 楼
好的基金总监年薪比朱云来都高你match的起么?
e*e
16 楼
当然说的是国外的基金经理。中国引进的起么?中国的基金经理就是跳梁小丑。回应前面说可以match nobel,基金总监的。
b*n
18 楼
怎么一帮拿工资的混子口口声声要跟镕基总理的公子去比?
牙都笑掉了吧?
牙都笑掉了吧?
e*e
19 楼
Zhu makes $20mill, not very high by wallstreet standard. Rich fund managers
on WS means over $100mil
on WS means over $100mil
c*g
20 楼
Zhu has actual control of China's No. 1 investment bank. Even just Zhu's
portion of the 20% phantom shares (coupled with control premium) could be
worth over 500 million or more very easily.
Again, pls don't use your simple math. This is China we are talking about.
The Agricultural Bank deal alone is how many million USD? How many rich
people actually depend on their salaries?
managers
【在 e*********e 的大作中提到】
: Zhu makes $20mill, not very high by wallstreet standard. Rich fund managers
: on WS means over $100mil
portion of the 20% phantom shares (coupled with control premium) could be
worth over 500 million or more very easily.
Again, pls don't use your simple math. This is China we are talking about.
The Agricultural Bank deal alone is how many million USD? How many rich
people actually depend on their salaries?
managers
【在 e*********e 的大作中提到】
: Zhu makes $20mill, not very high by wallstreet standard. Rich fund managers
: on WS means over $100mil
L*s
30 楼
我是美国商务部长,中国能给match么?
t*9
33 楼
楼主看来是没有什么经验的吧? 假期的工资不是永久的, 只是几年而已。看看这个的
报告AACSB 2010-2011 有关商学院教授的的工资报告, 这个报告是权威的。
http://www.aacsb.edu/publications/datareports/salarysurvey/2010
报告AACSB 2010-2011 有关商学院教授的的工资报告, 这个报告是权威的。
http://www.aacsb.edu/publications/datareports/salarysurvey/2010
L*s
35 楼
通常回国打个七折,八折可以了。
这个也要match,得是什么银行,基金的总监,学校里估计的是nobel获奖者,可以撑门
面的。
这个也要match,得是什么银行,基金的总监,学校里估计的是nobel获奖者,可以撑门
面的。
e*e
36 楼
好的基金总监年薪比朱云来都高你match的起么?
e*e
41 楼
当然说的是国外的基金经理。中国引进的起么?中国的基金经理就是跳梁小丑。回应前面说可以match nobel,基金总监的。
b*n
43 楼
怎么一帮拿工资的混子口口声声要跟镕基总理的公子去比?
牙都笑掉了吧?
牙都笑掉了吧?
e*e
44 楼
Zhu makes $20mill, not very high by wallstreet standard. Rich fund managers
on WS means over $100mil
on WS means over $100mil
c*g
45 楼
Zhu has actual control of China's No. 1 investment bank. Even just Zhu's
portion of the 20% phantom shares (coupled with control premium) could be
worth over 500 million or more very easily.
Again, pls don't use your simple math. This is China we are talking about.
The Agricultural Bank deal alone is how many million USD? How many rich
people actually depend on their salaries?
managers
【在 e*********e 的大作中提到】
: Zhu makes $20mill, not very high by wallstreet standard. Rich fund managers
: on WS means over $100mil
portion of the 20% phantom shares (coupled with control premium) could be
worth over 500 million or more very easily.
Again, pls don't use your simple math. This is China we are talking about.
The Agricultural Bank deal alone is how many million USD? How many rich
people actually depend on their salaries?
managers
【在 e*********e 的大作中提到】
: Zhu makes $20mill, not very high by wallstreet standard. Rich fund managers
: on WS means over $100mil
L*s
55 楼
我是美国商务部长,中国能给match么?
t*9
58 楼
楼主看来是没有什么经验的吧? 假期的工资不是永久的, 只是几年而已。看看这个的
报告AACSB 2010-2011 有关商学院教授的的工资报告, 这个报告是权威的。
http://www.aacsb.edu/publications/datareports/salarysurvey/2010
报告AACSB 2010-2011 有关商学院教授的的工资报告, 这个报告是权威的。
http://www.aacsb.edu/publications/datareports/salarysurvey/2010
G*n
59 楼
长江商学院今年付新科博士年薪1.65百万人民币。相当于二十六万多美元。今年在纽约十月份
的金融学会议上表示明年助教会涨到三十万美元。副教三十五万。正教四十万美元。
但是会议上表示愿意回国的人不多,看来美国的条件更有吸引力
的金融学会议上表示明年助教会涨到三十万美元。副教三十五万。正教四十万美元。
但是会议上表示愿意回国的人不多,看来美国的条件更有吸引力
G*n
60 楼
长江经济学助理教授给十五万美元,没招到人,一个去了工业界,一个去了UTAustin。
还有一个半经济半金融的,接受了长江聘书。
这些信息,长江网站上可查获。www.ckgsb.edu.cn
还有一个半经济半金融的,接受了长江聘书。
这些信息,长江网站上可查获。www.ckgsb.edu.cn
G*n
62 楼
aacsb 里面一大堆烂校。 这里说的是前一百名的
s*r
65 楼
3篇top3 for 6 years tenure clock - very normal in USA.
G*n
70 楼
长江各领域教授论文引用次数
Between trust and control: Developing confidence in partner cooperation in
alliances
[PDF] from cuny.edu…, BS Teng - Academy of management Review, 1998 - JSTOR
Strategic alliances have been recognized as arenas with potential for
opportunistic behavior
by partners. Hence, a firm needs to have an adequate level of confidence in
its partner's
cooperative behavior. In this article we examine the notion of confidence in
partner ...
Cited by 1749 - Related articles - BL Direct - All 9 versions
A resource-based theory of strategic alliances
[PDF] from mackenzie.br…, BS Teng - Journal of management, 2000 - jom.
sagepub.com
Abstract The resource-based view of the firm has not been systematically
applied to strategic
alliances. By examining the role of firm resources in strategic alliances,
we attempt, in this
paper, to put forward a general resource-based theory of strategic alliances
, synthesizing ...
Cited by 1308 - Related articles - BL Direct - All 14 versions
Trust, control, and risk in strategic alliances: An integrated framework
[PDF] from cuny.edu…, BS Teng - Organization studies, 2001 - oss.sagepub.
com
Abstract Trust and control are inextricably interlinked with risk in
strategic alliances. Hence,
to understand how partner firms can effectively reduce and manage this risk,
we need to
examine the inter-relationships between trust, control, and risk. In this
article, we propose ...
Cited by 810 - Related articles - BL Direct - All 9 versions
International portfolio investment flows
[PDF] from 83.143.248.39…, HH Cao - Journal of Finance, 1997 - JSTOR
This article develops a model of international equity portfolio investment
flows based on
differences in informational endowments between foreign and domestic
investors. It is
shown that when domestic investors possess a cumulative information
advantage over ...
Cited by 767 - Related articles - Library Search - BL Direct - All 14
versions
Instabilities of strategic alliances: An internal tensions perspective
[PDF] from cuny.edu…, BS Teng - Organization Science, 2000 - JSTOR
The instabilities of strategic alliances have been examined in the
literature through a
number of theoretical approaches. Alliance instabilities refer to major
changes or
dissolutions of alliances that are unplanned from the perspective of one or
more partners. ...
Cited by 523 - Related articles - BL Direct - All 8 versions
Transferring R&D knowledge: the key factors affecting knowledge transfer
success
[PDF] from nchu.edu.tw…, BS Teng - Journal of Engineering and Technology …
, 2003 - Elsevier
Based on a study of knowledge transfer within more than 15 industries,
across three forms of
governance, and between both domestic and international R&D partners,
knowledge
transfer success was found to be associated with several key variables, and
to hinge upon ...
Cited by 455 - Related articles - All 10 versions
Coordination mechanisms for a distribution system with one supplier and
multiple retailers
…, A Federgruen, YS Zheng - Management Science, 2001 - JSTOR
We address a fundamental two-echelon distribution system in which the sales
volumes of
the retailers are endogenously determined on the basis of known demand
functions.
Specifically, this paper studies a distribution channel where a supplier
distributes a single ...
Cited by 363 - Related articles - BL Direct - All 15 versions
The term structure of credit spreads with jump risk
[PDF] from cenet.org.cnC Zhou - Journal of Banking & Finance, 2001 -
Elsevier
Default risk analysis is important for valuing corporate bonds, swaps, and
credit derivatives
and plays a critical role in managing the credit risk of bank loan
portfolios. This paper offers
a theory to explain the observed empirical regularities on default
probabilities, recovery ...
Cited by 345 - Related articles - All 17 versions
RISK TYPES AND INTER‐FIRM ALLIANCE STRUCTURES*
[PDF] from ecstu.com…, BS Teng - Journal of Management Studies, 1996 -
Wiley Online Library
This paper examines the choice between equity and non-equity forms of inter-
firm alliances
from an 'integrated risk'perspective, which combines relational risk and
performance risk in
inter-firm alliances. Relational risk relates to co-operation among alliance
partners, while ...
Cited by 340 - Related articles - BL Direct - All 10 versions
Consumption and portfolio policies with incomplete markets and short-sale
constraints: The infinite dimensional case
H He… - Journal of Economic Theory, 1991 - Elsevier
Abstract We employ a martingale approach to study a dynamic consumption-
portfolio
problem in continuous time with incomplete markets and short-sale
constraints. We
introduce a notion of minimax local martingale and transform the dynamic
problem into a ...
Cited by 330 - Related articles - Library Search - All 11 versions
The impact of economic reform on the performance of Chinese state
enterprises, 1980-1989
[PDF] from 129.3.20.41W Li - Journal of Political Economy, 1997 - JSTOR
The effectiveness of China's incremental industrial reform between 1980 and
1980 is
investigated using a panel data set of 272 state enterprises. This paper
applies a method
that measures marginal products of factors and changes in total factor
productivity (TFP) ...
Cited by 324 - Related articles - Library Search - BL Direct - All 19
versions
Equity valuation using multiples
[PDF] from psu.eduJ Liu, D Nissim… - Journal of Accounting Research, 2002 -
Wiley Online Library
We examine the valuation performance of a comprehensive list of value
drivers and find that
multiples derived from forward earnings explain stock prices remarkably well
are within 15 percent of stock prices for about half our sample. In terms of
relative ...
Cited by 324 - Related articles - BL Direct - All 22 versions
The illusory nature of momentum profits
[PDF] from psu.edu…, MJ Schill, C Zhou - Journal of Financial Economics,
2004 - Elsevier
Our paper re-examines the profitability of relative strength or momentum
trading strategies
(buying past strong performers and selling past weak performers). We find
that standard
relative strength strategies require frequent trading in disproportionately
high cost ...
Cited by 317 - Related articles - All 30 versions
A jump-diffusion approach to modeling credit risk and valuing defaultable
securities
[PDF] from federalreserve.govC Zhou - 1997 - papers.ssrn.com
Abstract: Since Black and Scholes (1973) and Merton (1974), structural
models of credit risk
have relied almost exclusively on diffusion processes to model the evolution
of firm value.
While a diffusion approach is convenient, in empirical application, it has
produced very ...
Cited by 311 - Related articles - BL Direct - All 12 versions
Differential informational and dynamic behavior of stock trading volume
[PDF] from yale.eduH He… - Review of Financial Studies, 1995 - Soc
Financial Studies
Abstract This article develops a multiperiod rational expectations model of
stock trading in
which investors have differential information concerning the underlying
value of the stock.
Investors trade competitively in the stock market based on their private
information and the ...
Cited by 308 - Related articles - Library Search - BL Direct - All 25
versions
Resource and risk management in the strategic alliance making process
[PDF] from ecstu.com…, BS Teng - Journal of management, 1998 - jom.sagepub.
com
Abstract Resource-based and risk-based views of strategic alliances have not
been
adequately reflected in the literature. This paper identifies four types of
critical resources that
the partners bring to an alliance: financial, technological, physical, and
managerial ...
Cited by 303 - Related articles - BL Direct - All 10 versions
Information sharing in a supply chain with horizontal competition
[PDF] from eft.comL Li - Management Science, 2002 - JSTOR
This paper examines the incentives for firms to share information vertically
in a two-level
supply chain in which there are an upstream firm (a manufacturer) and many
downstream
firms (retailers). The retailers are engaged in a Cournot competition and
are endowed with ...
Cited by 282 - Related articles - BL Direct - All 15 versions
Managing risks in strategic alliances
[PDF] from cuny.edu…, BS Teng - The Academy of Management Executive (1993-
2005), 1999 - JSTOR
Managing the different kinds of risk in strategic alliances is a complex
task. We propose a
comprehensive framework of risk management with two components. First, we
discuss the
roles of relational risk and performance risk in alliance resource
management. The overall ...
Cited by 255 - Related articles - Library Search - BL Direct - All 4
versions
[PDF] The Nature of the Township-Village Enterprise1
[PDF] from tsinghua.edu.cn…, Y Wang - Journal of Comparative Economics,
1994 - cms.sem.tsinghua.edu.cn
1 We thank Changzhen Gong, Shuhe Li, Dwight Perkins, Louis Putterman.
Christine Wong,
two anonymous referees, Josef Brada, and the participants of the 1993
Meeting of the
Chinese Economist Society, the Center of Entrepreneurial Studies, and the
Freeman ...
Cited by 243 - Related articles - BL Direct - All 8 versions
An analysis of default correlations and multiple defaults
[PDF] from lingnan.netC Zhou - Review of Financial Studies, 2001 - Soc
Financial Studies
Abstract Evaluating default correlations or the probabilities of default by
more than one firm
is an important task in credit analysis, derivatives pricing, and risk
management. However,
default correlations cannot be measured directly, multiple-default modeling
is technically ...
Cited by 238 - Related articles - BL Direct - All 21 versions
Shareholding structure and corporate performance of partially privatized
firms: Evidence from listed Chinese companies
[PDF] from cerge-ei.czD Qi, W Wu… - Pacific-Basin Finance Journal, 2000 -
Elsevier
Equity ownership in a listed Chinese firm can have as many as five different
classes: state-
owned shares, legal-person (LP) shares, tradable A-shares, employee shares,
and shares
only available to foreign investors, a phenomenon that is unique to the
Chinese equity ...
Cited by 238 - Related articles - BL Direct - All 11 versions
Optimal dynamic pricing for perishable assets with nonhomogeneous demand
…, YS Zheng - Management Science, 2000 - JSTOR
We consider a dynamic pricing model for selling a given stock of a
perishable product over a
finite time horizon. Customers, whose reservation price distribution changes
over time, arrive
according to a nonhomogeneous Poisson process. We show that at any given
time, the ...
Cited by 227 - Related articles - BL Direct - All 10 versions
Cournot oligopoly with information sharing
L Li - The RAND Journal of Economics, 1985 - JSTOR
This article examines the incentives for Cournot oligopolists to share
information about a
common parameter or about firm-specific parameters. We assume that the
private
information that firms receive has equal accuracy and obeys a linear
conditional ...
Cited by 210 - Related articles - All 12 versions
Human capital investment under asymmetric information: The Pigovian
conjecture revisited
[PDF] from ceibs.edu…, Y Wang - Journal of Labor Economics, 1996 - JSTOR
This article investigates how human capital investment, labor turnover, and
wages are jointly
determined when the current employer knows more about a worker's
productivity than
potential employers. Results derived are quite different from, or unexplored
by, the ...
Cited by 208 - Related articles - BL Direct - All 10 versions
Alliance constellations: A social exchange perspective
[PDF] from cuny.edu…, BS Teng - Academy of management review, 2002 - JSTOR
We develop a social exchange perspective of alliance constellations,
emphasizing the role
of generalized exchanges. We then discuss three social control mechanisms
for mitigating
the unique difficulties of managing constellations, and we conclude by
proposing a ...
Cited by 206 - Related articles - BL Direct - All 5 versions
Credit derivatives in banking: Useful tools for managing risk?
[PDF] from escholarship.org…, C Zhou - Journal of Monetary Economics, 2001
- Elsevier
We model the effects on banks of the introduction of a market for credit
derivatives; in
particular, credit-default swaps. A bank can use such swaps to temporarily
transfer credit
risks of their loans to others, reducing the likelihood that defaulting
loans trigger the bank's ...
Cited by 205 - Related articles - Library Search - BL Direct - All 33
versions
Market frictions and consumption-based asset pricing
[PDF] from cenet.org.cnH He… - Journal of Political Economy, 1995 - JSTOR
A fundamental equilibrium condition underlying most utility-based asset
pricing models is
the equilibration of intertemporal marginal rates of substitution (IMRS).
Previous empirical
research, however, has found that the comovements of consumption and asset
return data ...
Cited by 204 - Related articles - Library Search - BL Direct - All 10
versions
The dynamics of alliance conditions in the alliance development process
[PDF] from cuny.edu…, BS Teng - Journal of management studies, 2002 - Wiley
Online Library
One of the key issues in understanding the developmental processes of
strategic alliances is
how the alliance conditions change over the different stages of alliance
development. A
related question concerns the nature of the co-evolutionary dynamics of
alliances in terms ...
Cited by 203 - Related articles - BL Direct - All 12 versions
The predictability of returns on equity REITs and their co-movement with
other assets
…, J Mei - The Journal of Real Estate Finance and Economics, 1992 -
Springer
Recent evidence suggests that the variation in the expected excess returns
is predictable
and arises from changes in business conditions. Using a multifactor latent
variable model
with time-varying risk premiums, we decompose excess returns into expected
and ...
Cited by 197 - Related articles - Library Search - All 6 versions
The role of inventory in delivery-time competition
L Li - Management Science, 1992 - JSTOR
The paper operationalizes the notion of shortage cost by considering the
behavior of
customers and competing firms and examines the role of inventory in response
time
competition. We start with a single-firm production control model in which
customers are ...
Cited by 194 - Related articles - Library Search - All 9 versions
Imperfect competition among informed traders
K Back, CH Cao… - The journal of finance, 2000 - Wiley Online Library
We analyze competition among informed traders in the continuous-time Kyle (
1985) model,
as Foster and Viswanathan (1996) do in discrete time. We explicitly describe
the unique
linear equilibrium when signals are imperfectly correlated and confirm the
conjecture of ...
Cited by 190 - Related articles - BL Direct - All 12 versions
Convergence from discrete-to continuous-time contingent claims prices
[PDF] from yale.eduH He - Review of Financial Studies, 1990 - Soc Financial
Studies
Abstract This article generalizes the Cox, Ross, and Rubinstein (1979)
binomial option-
pricing model, and establishes a convergence from discrete-time multivariate
multinomial
models to continuous-time multidimensional diffusion models for contingent
claims prices. ...
Cited by 188 - Related articles - Library Search - All 14 versions
Pricing, production, scheduling, and delivery-time competition
[PDF] from 128.151.238.65PJ Lederer, L Li - Operations Research, 1997 -
JSTOR
This paper studies competition between firms that produce goods or services
for customers
sensitive to delay time. Firms compete by setting prices and production
rates for each type of
customer and by choosing scheduling policies. The existence of a competitive
equilibrium ...
Cited by 187 - Related articles - Library Search - BL Direct - All 10
versions
Earnings quality, insider trading, and cost of capital
[PDF] from ucla.edu…, J Hughes, J Liu - Journal of Accounting Research,
2005 - Wiley Online Library
ABSTRACT Previous research argues that earnings quality, measured as the
unsigned
abnormal accruals, proxies for information asymmetries that affect cost of
capital. We
examine this argument directly in two stages. In the first stage, we
estimate firms' exposure ...
Cited by 172 - Related articles - BL Direct - All 19 versions
On properties of stochastic inventory systems
YS Zheng - Management Science, 1992 - JSTOR
For most order quantity/reorder point inventory systems, the stochastic
model, which
specifies the demands as stochastic processes, is often more accurate than
its deterministic
counterpart-the EOQ model. However, the application of the stochastic model
has been ...
Cited by 166 - Related articles - All 10 versions
Where do betas come from? Asset price dynamics and the sources of systematic
risk
[PDF] from harvard.edu…, J Mei - Review of Financial Studies, 1993 - Soc
Financial Studies
Abstract In this article we break asset's betas with common factors into
components
attributable to news about future cash flows, real interest rates, and
excess returns. To
achieve this decomposition, we use a vector autoregressive time-series model
and an ...
Cited by 162 - Related articles - Library Search - BL Direct - All 17
versions
Finding optimal (s, S) policies is about as simple as evaluating a single
policy
YS Zheng… - Operations Research, 1991 - JSTOR
In this paper, a new algorithm for computing optimal (s, S) policies is
derived based upon a
number of new properties of the infinite horizon cost function c (s, S) as
well as a new upper
bound for optimal order-up-to levels S* and a new lower bound for optimal
reorder levels s ...
Cited by 161 - Related articles - All 6 versions
Stock returns and accounting earnings
[PDF] from yale.eduJ Liu… - Journal of Accounting Research, 2000 - JSTOR
In this paper we derive and test a relation between current-period
unexpected returns and
unexpected earnings that incorporates revisions in forecasts of future
earnings. Our
motivation is to emphasize the misspecification in returns/earnings
regressions that omit ...
Cited by 160 - Related articles - BL Direct - All 10 versions
On equilibrium asset price processes
[PDF] from yale.eduH He… - Review of Financial Studies, 1993 - Soc
Financial Studies
... Financial support from the Batterymarch Fellowship Program (for Hua He)
and the Berkeley
Program in Finance is gratefully acknowledged. Address proofs and reprint
requests to Hua He,
Haas School of Business, University of California at Berkeley, Berkeley, CA
94720. ...
Cited by 159 - Related articles - Library Search - BL Direct - All 14
versions
Partner analysis and alliance performance
[PDF] from psu.edu…, BS Teng - Scandinavian journal of management, 2003 -
Elsevier
The determinants of strategic alliance performance have not been explored
adequately in
the literature. Empirical studies abound with numerous kinds of performance
measures but,
thus far, there is no coherent theoretical basis for the determinants of
alliance performance ...
Cited by 150 - Related articles - All 9 versions
Lower bounds for multi-echelon stochastic inventory systems
…, YS Zheng - Management Science, 1994 - JSTOR
We establish lower bounds on the minimum costs of managing certain
production-
distribution networks with setup costs at all stages and stochastic demands.
These networks
include serial, assembly, and one-warehouse multi-retailer systems. We
obtain the ...
Cited by 148 - Related articles - BL Direct - All 8 versions
Pricing and delivery-time performance in a competitive environment
L Li, YS Lee - Management Science, 1994 - JSTOR
We present a model of market competition in which customer preferences are
over not only
price and quality but also delivery speed. This allows a study of market
demand and firms'
decisions on price, quality, technology and responsiveness in a competitive
environment. ...
Cited by 145 - Related articles - Library Search - BL Direct - All 8
versions
A multitask theory of state enterprise reform
[PDF] from umich.edu…, DD Li, Z Tao, Y Wang - Journal of Comparative
Economics, 2000 - Elsevier
During transition, maintaining employment and providing a social safety net
to the
unemployed are important to social stability, which in turn is crucial for
the productivity of the
whole economy. Because independent institutions for social safety are
lacking and firms ...
Cited by 144 - Related articles - Library Search - BL Direct - All 34
versions
Art as an investment and the underperformance of masterpieces
[TXT] from nyu.eduJ Mei… - NYU Finance Working Paper No. 01-012, 2002 -
papers.ssrn.com
Abstract: This paper constructs a new data set of repeated sales of artworks
and estimates
an annual index of art prices for the period 1875-2000. Contrary to earlier
studies, we find art
outperforms fixed income securities as an investment, though it
significantly under- ...
Cited by 144 - Related articles - BL Direct - All 26 versions
Measuring international economic linkages with stock market data
[PDF] from nyu.edu…, J Mei - Journal of Finance, 1996 - JSTOR
This article develops a new framework for measuring financial and real
economic linkages
between countries. Using United States and United Kingdom data from 1957 to
1989, we
find closer financial linkages after the Bretton Woods currency arrangement
was ...
Cited by 142 - Related articles - BL Direct - All 17 versions
Tax structures in developing countries: Many puzzles and a possible
explanation
[PDF] from pku.edu.cn…, W Li - Journal of Public Economics, 2009 - Elsevier
Tax policies seen in developing countries are puzzling on many dimensions,
given the
sharp contrast between these policies and both those seen in developed
countries and
those forecast in the optimal tax literature. In this paper, we explore how
forecasted ...
Cited by 142 - Related articles - Library Search - All 28 versions
Time and entrepreneurial risk behavior
[PDF] from cuny.edu…, BS Teng - Entrepreneurship Theory and Practice, 1997
- questia.com
Risk is intrinsically embedded in time, and yet the temporal context
continues to suffer from
neglect in the research literature. Specifically, an individual's conception
of the flow of time in
the future has a significant impact on entrepreneurial risk behavior. We
propose that any ...
Cited by 138 - Related articles - BL Direct - All 2 versions
Optimal Contracts in a Continuous‐Time Delegated Portfolio Management
Problem
[PDF] from duke.eduH Ou‐Yang - Review of Financial Studies, 2003 - Soc
Financial Studies
Abstract This article studies the contracting problem between an individual
investor and a
professional portfolio manager in a continuous‐time principal‐agent
framework. Optimal
contracts are obtained in closed form. These contracts are of a symmetric
form and ...
Cited by 138 - Related articles - BL Direct - All 12 versions
On the relation between the credit spread puzzle and the equity premium
puzzle
[PDF] from stanford.eduL Chen, P Collin-Dufresne… - … of Financial Studies
, 2009 - Soc Financial Studies
Abstract Structural models of default calibrated to historical default rates
, recovery rates, and
Sharpe ratios typically generate Baa–Aaa credit spreads that are
significantly below
historical values. However, this “credit spread puzzle” can be resolved if
one accounts for ...
Cited by 132 - Related articles - All 28 versions
Adoption of Internet-based product customization and pricing strategies
[PDF] from rochester.eduR Dewan, B Jing… - System Sciences, 2000. …, 2000
- ieeexplore.ieee.org
... Dewan, Jing, and Seidmann [10] identify a monopoly seller's optimal
product and pricing strategies
and analyze their profit and welfare implications. ... When r is
sufficiently low relative to customization
cost a and information cost b , the highest price in the customization ...
Cited by 132 - Related articles - BL Direct - All 21 versions
A risk perception model of alliance structuring
[PDF] from cuny.edu…, BS Teng - Journal of International Management, 2001 -
Elsevier
The literature on the strategic alliance structuring process does not
provide an adequate
view of the role of decision-makers in that process, especially about how
alliance partners
form their structural preferences. Given the critical role of structure in
alliance ...
Cited by 131 - Related articles - BL Direct - All 7 versions
Consumption and Portfolio Policies With Incomplete Markets and Short‐Sale
Constraints: the Finite‐Dimensional Case1
H He… - Mathematical Finance, 1991 - Wiley Online Library
He, H. and Pearson, ND (1991), Consumption and Portfolio Policies With
Incomplete
Markets and Short-Sale Constraints: the Finite-Dimensional Case.
Mathematical Finance, 1:
1–10. doi: 10.1111/j. 1467-9965.1991. tb00012. x
Cited by 123 - Related articles - Library Search - All 8 versions
Information, trade, and derivative securities
[PDF] from nsd.edu.cn…, HH Cao - Review of Financial Studies, 1996 - Soc
Financial Studies
Abstract Hellwig's (1980) model is used to analyze the value of improving
trading
opportunities by more frequent trading in the underlying asset, or by
trading in a derivative
asset. With multiple trading sessions, uninformed investors behave as
rational trend ...
Cited by 122 - Related articles - Library Search - BL Direct - All 12
versions
Timeliness of annual report releases and market reaction to earnings
announcements in an emerging capital market: The case of China
IM Haw, D Qi… - Journal of International Financial …, 2000 - Wiley Online
Library
2. Abstract This paper examines the relation between firm performance and
the timing of
annual report releases in an emerging capital market. Based on the
population of listed
Chinese firms with A-shares for 1994-1997, we find that good news firms
release their ...
Cited by 120 - Related articles - BL Direct - All 7 versions
Cognitive biases and strategic decision processes: An integrative
perspective
[PDF] from cuny.edu…, BS Teng - Journal of Management Studies, 1999 - Wiley
Online Library
Previous studies have not adequately addressed the role of cognitive biases
in strategic
decision processes. In this article we suggest that cognitive biases are
systematically
associated with strategic decision processes. Different decision processes
tend to ...
Cited by 120 - Related articles - All 10 versions
An efficient algorithm for computing an optimal (r, Q) policy in continuous
review stochastic inventory systems
…, YS Zheng - Operations research, 1992 - JSTOR
The reorder point/reorder quantity policies, also referred to as (r, Q)
policies, are widely used
in industry and extensively studied in the literature. However, for a period
of almost 30 years
there has been no efficient algorithm for computing optimal control
parameters for such ...
Cited by 117 - Related articles - All 5 versions
A queueing model to analyze the value of centralized inventory information
YS Zheng… - Operations Research, 1990 - JSTOR
Competitive pressures and technological improvements are leading many firms
to consider
centralized information systems to manage inventories and schedule
production. We
propose a simple model to explore the potential benefits of such
coordination. The model ...
Cited by 115 - Related articles - Library Search - All 5 versions
Inventory information
[PDF] from berkeley.eduHH Cao, RK Lyons… - 2003 - nber.org
In a market with symmetric information about fundamentals, can information-
based trade still
arise? Consider bond and FX markets, where private information about nominal
cash flows
is generally absent, but participants are convinced that superior
information exists. We ...
Cited by 114 - Related articles - Library Search - BL Direct - All 23
versions
The risk-based view of trust: A conceptual framework
[PDF] from cuny.edu…, BS Teng - journal of Business and Psychology, 2004 -
Springer
Trust and risk have often been linked in the literature, but their
relationship is far from clear.
Trust has been used in three different ways—namely, as a perception (“
subjective trust”), as
various personal and situational factors that lead to subjective trust (“
trust antecedents”), ...
Cited by 114 - Related articles - BL Direct - All 5 versions
Investments in flexible production capacity
[PDF] from dspace.orgH He… - Journal of Economic Dynamics and Control, 1992
- Elsevier
... North-Holland Investments in flexible production capacity* Hua He
University of California,
Berkeley, CA 94720 ... We 598 H. He and RS Andyck, Investments inflexible
production capacity
also ignored ... plant design, in: M. Fuss and D. McFadden eds., Production
economics: A dual ...
Cited by 114 - Related articles - Library Search - All 10 versions
Product customization and price competition on the Internet
[PDF] from 128.151.238.65R Dewan, B Jing… - Management Science, 2003 -
JSTOR
... A L R B Segments Left Direct marketing Right conventional segment =
conventional segment
customization segment scope 1058 MANAGEMENT SCIENCE/Vol. 49, No. 8, August
2003 Page
5. DEWAN, JING, AND SEIDMANN Product Customization and Price Competition on
...
Cited by 114 - Related articles - BL Direct - All 25 versions
Institutional Factors Influencing China? s Accounting Reforms and Standards
B Xiang - Accounting Horizons, Vol 12, No 2, June 1998, 1998 - papers.ssrn.
com
Abstract: By analyzing the changes in the accounting environment of China
during the
recent economic reforms, this paper places the development of accounting
reforms in China
into perspective and assesses the desirability of China? s adopting
accounting principles ...
Cited by 112 - Related articles - BL Direct - All 3 versions
Credit spreads in the market for highly leveraged transaction loans
[PDF] from nyu.eduLA Angbazo, J Mei… - Journal of Banking & Finance, 1998 -
Elsevier
This paper is an empirical exploration of the determinants of the required
credit spreads on
highly leveraged transaction (HLT) loans. The analysis uses a multi-factor
spread model to
estimate the movement of loan spreads relative to spreads required in the (
competing) ...
Cited by 109 - Related articles - Library Search - BL Direct - All 13
versions
The political economy of privatization and competition: cross-country
evidence from the telecommunications sector
[PDF] from psu.eduW Li… - Journal of Comparative Economics, 2002 - Elsevier
This article examines the political economy of privatization and
liberalization in the
telecommunications sector in recent decades. We find that countries with
stronger proreform
interest groups, namely the financial services sector and the urban
consumers, are more ...
Cited by 108 - Related articles - Library Search - BL Direct - All 28
versions
Speculative trading and stock prices: Evidence from Chinese AB share premia
[PDF] from psu.eduJ Mei, J Scheinkman… - 2005 - nber.org
... Jianping Mei New York University j**[email protected] Jose Scheinkman
Department of
Economics Princeton University Princeton, NJ 08544-1021 Wei Xiong Princeton
University
Bendheim Center for Finance 26 Prospect Avenue Princeton, NJ 08450 Page 3. 1
Introduction ...
Cited by 108 - Related articles - Library Search - All 25 versions
[PDF] Information asymmetry, diversification, and cost of capital
[PDF] from pku.edu.cn…, J Liu, J Liu - Accounting Review, 2007 - gsm.pku.
edu.cn
Abstract Of late, there has been considerable interest among accounting
researchers in the
relation between asymmetric information and cost of capital. Empiricists
have taken the lead
with a number of studies that document associations between proxies for
asymmetric ...
Cited by 106 - Related articles - View as HTML - BL Direct - All 11 versions
When privatization should be delayed: The effect of communist legacies on
organizational and institutional reforms
…, W Yijiang - Journal of Comparative Economics, 1993 - Elsevier
Abstract This paper analyzes institutional and organizational developments
in the early
stages of postsocialist reforms, focusing on policy decisions on the timing
of privatization
and on the allocation of resources between different types of sectors. We
identify links ...
Cited by 106 - Related articles - BL Direct - All 5 versions
Cross-selling sequentially ordered products: An application to consumer
banking services
[PDF] from virginia.eduS Li, B Sun… - Journal of Marketing Research, 2005 -
JSTOR
Customers have predictable life cycles. As a result of these life cycles,
firms that sell multiple
products or services frequently observe that, in general, certain items are
purchased before
others. This predictable phenomenon provides opportunities for firms to
cross-sell ...
Cited by 103 - Related articles - All 15 versions
Service parts logistics: a benchmark analysis
MA Cohen, YS Zheng… - IIE transactions, 1997 - Springer
This paper summarizes the results of a benchmark study focusing on after-
sales service
logistics systems for technologically complex high-value products, ie, in
the computer
industry. Current industrial practices and trends in service logistics
operations are ...
Cited by 102 - Related articles - BL Direct - All 7 versions
Anomalies
[PDF] from chicagobooth.eduEXN Li, D Livdan… - Review of Financial Studies,
2009 - Soc Financial Studies
... Erica XN Li. Dmitry Livdan. Lu Zhang. Send
correspondence to
Lu Zhang, Finance Department, Stephen M. Ross School of Business, University
of ...
Cited by 101 - Related articles - All 11 versions
Between trust and control: Developing confidence in partner cooperation in
alliances
[PDF] from cuny.edu…, BS Teng - Academy of management Review, 1998 - JSTOR
Strategic alliances have been recognized as arenas with potential for
opportunistic behavior
by partners. Hence, a firm needs to have an adequate level of confidence in
its partner's
cooperative behavior. In this article we examine the notion of confidence in
partner ...
Cited by 1749 - Related articles - BL Direct - All 9 versions
A resource-based theory of strategic alliances
[PDF] from mackenzie.br…, BS Teng - Journal of management, 2000 - jom.
sagepub.com
Abstract The resource-based view of the firm has not been systematically
applied to strategic
alliances. By examining the role of firm resources in strategic alliances,
we attempt, in this
paper, to put forward a general resource-based theory of strategic alliances
, synthesizing ...
Cited by 1308 - Related articles - BL Direct - All 14 versions
Trust, control, and risk in strategic alliances: An integrated framework
[PDF] from cuny.edu…, BS Teng - Organization studies, 2001 - oss.sagepub.
com
Abstract Trust and control are inextricably interlinked with risk in
strategic alliances. Hence,
to understand how partner firms can effectively reduce and manage this risk,
we need to
examine the inter-relationships between trust, control, and risk. In this
article, we propose ...
Cited by 810 - Related articles - BL Direct - All 9 versions
International portfolio investment flows
[PDF] from 83.143.248.39…, HH Cao - Journal of Finance, 1997 - JSTOR
This article develops a model of international equity portfolio investment
flows based on
differences in informational endowments between foreign and domestic
investors. It is
shown that when domestic investors possess a cumulative information
advantage over ...
Cited by 767 - Related articles - Library Search - BL Direct - All 14
versions
Instabilities of strategic alliances: An internal tensions perspective
[PDF] from cuny.edu…, BS Teng - Organization Science, 2000 - JSTOR
The instabilities of strategic alliances have been examined in the
literature through a
number of theoretical approaches. Alliance instabilities refer to major
changes or
dissolutions of alliances that are unplanned from the perspective of one or
more partners. ...
Cited by 523 - Related articles - BL Direct - All 8 versions
Transferring R&D knowledge: the key factors affecting knowledge transfer
success
[PDF] from nchu.edu.tw…, BS Teng - Journal of Engineering and Technology …
, 2003 - Elsevier
Based on a study of knowledge transfer within more than 15 industries,
across three forms of
governance, and between both domestic and international R&D partners,
knowledge
transfer success was found to be associated with several key variables, and
to hinge upon ...
Cited by 455 - Related articles - All 10 versions
Coordination mechanisms for a distribution system with one supplier and
multiple retailers
…, A Federgruen, YS Zheng - Management Science, 2001 - JSTOR
We address a fundamental two-echelon distribution system in which the sales
volumes of
the retailers are endogenously determined on the basis of known demand
functions.
Specifically, this paper studies a distribution channel where a supplier
distributes a single ...
Cited by 363 - Related articles - BL Direct - All 15 versions
The term structure of credit spreads with jump risk
[PDF] from cenet.org.cnC Zhou - Journal of Banking & Finance, 2001 -
Elsevier
Default risk analysis is important for valuing corporate bonds, swaps, and
credit derivatives
and plays a critical role in managing the credit risk of bank loan
portfolios. This paper offers
a theory to explain the observed empirical regularities on default
probabilities, recovery ...
Cited by 345 - Related articles - All 17 versions
RISK TYPES AND INTER‐FIRM ALLIANCE STRUCTURES*
[PDF] from ecstu.com…, BS Teng - Journal of Management Studies, 1996 -
Wiley Online Library
This paper examines the choice between equity and non-equity forms of inter-
firm alliances
from an 'integrated risk'perspective, which combines relational risk and
performance risk in
inter-firm alliances. Relational risk relates to co-operation among alliance
partners, while ...
Cited by 340 - Related articles - BL Direct - All 10 versions
Consumption and portfolio policies with incomplete markets and short-sale
constraints: The infinite dimensional case
H He… - Journal of Economic Theory, 1991 - Elsevier
Abstract We employ a martingale approach to study a dynamic consumption-
portfolio
problem in continuous time with incomplete markets and short-sale
constraints. We
introduce a notion of minimax local martingale and transform the dynamic
problem into a ...
Cited by 330 - Related articles - Library Search - All 11 versions
The impact of economic reform on the performance of Chinese state
enterprises, 1980-1989
[PDF] from 129.3.20.41W Li - Journal of Political Economy, 1997 - JSTOR
The effectiveness of China's incremental industrial reform between 1980 and
1980 is
investigated using a panel data set of 272 state enterprises. This paper
applies a method
that measures marginal products of factors and changes in total factor
productivity (TFP) ...
Cited by 324 - Related articles - Library Search - BL Direct - All 19
versions
Equity valuation using multiples
[PDF] from psu.eduJ Liu, D Nissim… - Journal of Accounting Research, 2002 -
Wiley Online Library
We examine the valuation performance of a comprehensive list of value
drivers and find that
multiples derived from forward earnings explain stock prices remarkably well
are within 15 percent of stock prices for about half our sample. In terms of
relative ...
Cited by 324 - Related articles - BL Direct - All 22 versions
The illusory nature of momentum profits
[PDF] from psu.edu…, MJ Schill, C Zhou - Journal of Financial Economics,
2004 - Elsevier
Our paper re-examines the profitability of relative strength or momentum
trading strategies
(buying past strong performers and selling past weak performers). We find
that standard
relative strength strategies require frequent trading in disproportionately
high cost ...
Cited by 317 - Related articles - All 30 versions
A jump-diffusion approach to modeling credit risk and valuing defaultable
securities
[PDF] from federalreserve.govC Zhou - 1997 - papers.ssrn.com
Abstract: Since Black and Scholes (1973) and Merton (1974), structural
models of credit risk
have relied almost exclusively on diffusion processes to model the evolution
of firm value.
While a diffusion approach is convenient, in empirical application, it has
produced very ...
Cited by 311 - Related articles - BL Direct - All 12 versions
Differential informational and dynamic behavior of stock trading volume
[PDF] from yale.eduH He… - Review of Financial Studies, 1995 - Soc
Financial Studies
Abstract This article develops a multiperiod rational expectations model of
stock trading in
which investors have differential information concerning the underlying
value of the stock.
Investors trade competitively in the stock market based on their private
information and the ...
Cited by 308 - Related articles - Library Search - BL Direct - All 25
versions
Resource and risk management in the strategic alliance making process
[PDF] from ecstu.com…, BS Teng - Journal of management, 1998 - jom.sagepub.
com
Abstract Resource-based and risk-based views of strategic alliances have not
been
adequately reflected in the literature. This paper identifies four types of
critical resources that
the partners bring to an alliance: financial, technological, physical, and
managerial ...
Cited by 303 - Related articles - BL Direct - All 10 versions
Information sharing in a supply chain with horizontal competition
[PDF] from eft.comL Li - Management Science, 2002 - JSTOR
This paper examines the incentives for firms to share information vertically
in a two-level
supply chain in which there are an upstream firm (a manufacturer) and many
downstream
firms (retailers). The retailers are engaged in a Cournot competition and
are endowed with ...
Cited by 282 - Related articles - BL Direct - All 15 versions
Managing risks in strategic alliances
[PDF] from cuny.edu…, BS Teng - The Academy of Management Executive (1993-
2005), 1999 - JSTOR
Managing the different kinds of risk in strategic alliances is a complex
task. We propose a
comprehensive framework of risk management with two components. First, we
discuss the
roles of relational risk and performance risk in alliance resource
management. The overall ...
Cited by 255 - Related articles - Library Search - BL Direct - All 4
versions
[PDF] The Nature of the Township-Village Enterprise1
[PDF] from tsinghua.edu.cn…, Y Wang - Journal of Comparative Economics,
1994 - cms.sem.tsinghua.edu.cn
1 We thank Changzhen Gong, Shuhe Li, Dwight Perkins, Louis Putterman.
Christine Wong,
two anonymous referees, Josef Brada, and the participants of the 1993
Meeting of the
Chinese Economist Society, the Center of Entrepreneurial Studies, and the
Freeman ...
Cited by 243 - Related articles - BL Direct - All 8 versions
An analysis of default correlations and multiple defaults
[PDF] from lingnan.netC Zhou - Review of Financial Studies, 2001 - Soc
Financial Studies
Abstract Evaluating default correlations or the probabilities of default by
more than one firm
is an important task in credit analysis, derivatives pricing, and risk
management. However,
default correlations cannot be measured directly, multiple-default modeling
is technically ...
Cited by 238 - Related articles - BL Direct - All 21 versions
Shareholding structure and corporate performance of partially privatized
firms: Evidence from listed Chinese companies
[PDF] from cerge-ei.czD Qi, W Wu… - Pacific-Basin Finance Journal, 2000 -
Elsevier
Equity ownership in a listed Chinese firm can have as many as five different
classes: state-
owned shares, legal-person (LP) shares, tradable A-shares, employee shares,
and shares
only available to foreign investors, a phenomenon that is unique to the
Chinese equity ...
Cited by 238 - Related articles - BL Direct - All 11 versions
Optimal dynamic pricing for perishable assets with nonhomogeneous demand
…, YS Zheng - Management Science, 2000 - JSTOR
We consider a dynamic pricing model for selling a given stock of a
perishable product over a
finite time horizon. Customers, whose reservation price distribution changes
over time, arrive
according to a nonhomogeneous Poisson process. We show that at any given
time, the ...
Cited by 227 - Related articles - BL Direct - All 10 versions
Cournot oligopoly with information sharing
L Li - The RAND Journal of Economics, 1985 - JSTOR
This article examines the incentives for Cournot oligopolists to share
information about a
common parameter or about firm-specific parameters. We assume that the
private
information that firms receive has equal accuracy and obeys a linear
conditional ...
Cited by 210 - Related articles - All 12 versions
Human capital investment under asymmetric information: The Pigovian
conjecture revisited
[PDF] from ceibs.edu…, Y Wang - Journal of Labor Economics, 1996 - JSTOR
This article investigates how human capital investment, labor turnover, and
wages are jointly
determined when the current employer knows more about a worker's
productivity than
potential employers. Results derived are quite different from, or unexplored
by, the ...
Cited by 208 - Related articles - BL Direct - All 10 versions
Alliance constellations: A social exchange perspective
[PDF] from cuny.edu…, BS Teng - Academy of management review, 2002 - JSTOR
We develop a social exchange perspective of alliance constellations,
emphasizing the role
of generalized exchanges. We then discuss three social control mechanisms
for mitigating
the unique difficulties of managing constellations, and we conclude by
proposing a ...
Cited by 206 - Related articles - BL Direct - All 5 versions
Credit derivatives in banking: Useful tools for managing risk?
[PDF] from escholarship.org…, C Zhou - Journal of Monetary Economics, 2001
- Elsevier
We model the effects on banks of the introduction of a market for credit
derivatives; in
particular, credit-default swaps. A bank can use such swaps to temporarily
transfer credit
risks of their loans to others, reducing the likelihood that defaulting
loans trigger the bank's ...
Cited by 205 - Related articles - Library Search - BL Direct - All 33
versions
Market frictions and consumption-based asset pricing
[PDF] from cenet.org.cnH He… - Journal of Political Economy, 1995 - JSTOR
A fundamental equilibrium condition underlying most utility-based asset
pricing models is
the equilibration of intertemporal marginal rates of substitution (IMRS).
Previous empirical
research, however, has found that the comovements of consumption and asset
return data ...
Cited by 204 - Related articles - Library Search - BL Direct - All 10
versions
The dynamics of alliance conditions in the alliance development process
[PDF] from cuny.edu…, BS Teng - Journal of management studies, 2002 - Wiley
Online Library
One of the key issues in understanding the developmental processes of
strategic alliances is
how the alliance conditions change over the different stages of alliance
development. A
related question concerns the nature of the co-evolutionary dynamics of
alliances in terms ...
Cited by 203 - Related articles - BL Direct - All 12 versions
The predictability of returns on equity REITs and their co-movement with
other assets
…, J Mei - The Journal of Real Estate Finance and Economics, 1992 -
Springer
Recent evidence suggests that the variation in the expected excess returns
is predictable
and arises from changes in business conditions. Using a multifactor latent
variable model
with time-varying risk premiums, we decompose excess returns into expected
and ...
Cited by 197 - Related articles - Library Search - All 6 versions
The role of inventory in delivery-time competition
L Li - Management Science, 1992 - JSTOR
The paper operationalizes the notion of shortage cost by considering the
behavior of
customers and competing firms and examines the role of inventory in response
time
competition. We start with a single-firm production control model in which
customers are ...
Cited by 194 - Related articles - Library Search - All 9 versions
Imperfect competition among informed traders
K Back, CH Cao… - The journal of finance, 2000 - Wiley Online Library
We analyze competition among informed traders in the continuous-time Kyle (
1985) model,
as Foster and Viswanathan (1996) do in discrete time. We explicitly describe
the unique
linear equilibrium when signals are imperfectly correlated and confirm the
conjecture of ...
Cited by 190 - Related articles - BL Direct - All 12 versions
Convergence from discrete-to continuous-time contingent claims prices
[PDF] from yale.eduH He - Review of Financial Studies, 1990 - Soc Financial
Studies
Abstract This article generalizes the Cox, Ross, and Rubinstein (1979)
binomial option-
pricing model, and establishes a convergence from discrete-time multivariate
multinomial
models to continuous-time multidimensional diffusion models for contingent
claims prices. ...
Cited by 188 - Related articles - Library Search - All 14 versions
Pricing, production, scheduling, and delivery-time competition
[PDF] from 128.151.238.65PJ Lederer, L Li - Operations Research, 1997 -
JSTOR
This paper studies competition between firms that produce goods or services
for customers
sensitive to delay time. Firms compete by setting prices and production
rates for each type of
customer and by choosing scheduling policies. The existence of a competitive
equilibrium ...
Cited by 187 - Related articles - Library Search - BL Direct - All 10
versions
Earnings quality, insider trading, and cost of capital
[PDF] from ucla.edu…, J Hughes, J Liu - Journal of Accounting Research,
2005 - Wiley Online Library
ABSTRACT Previous research argues that earnings quality, measured as the
unsigned
abnormal accruals, proxies for information asymmetries that affect cost of
capital. We
examine this argument directly in two stages. In the first stage, we
estimate firms' exposure ...
Cited by 172 - Related articles - BL Direct - All 19 versions
On properties of stochastic inventory systems
YS Zheng - Management Science, 1992 - JSTOR
For most order quantity/reorder point inventory systems, the stochastic
model, which
specifies the demands as stochastic processes, is often more accurate than
its deterministic
counterpart-the EOQ model. However, the application of the stochastic model
has been ...
Cited by 166 - Related articles - All 10 versions
Where do betas come from? Asset price dynamics and the sources of systematic
risk
[PDF] from harvard.edu…, J Mei - Review of Financial Studies, 1993 - Soc
Financial Studies
Abstract In this article we break asset's betas with common factors into
components
attributable to news about future cash flows, real interest rates, and
excess returns. To
achieve this decomposition, we use a vector autoregressive time-series model
and an ...
Cited by 162 - Related articles - Library Search - BL Direct - All 17
versions
Finding optimal (s, S) policies is about as simple as evaluating a single
policy
YS Zheng… - Operations Research, 1991 - JSTOR
In this paper, a new algorithm for computing optimal (s, S) policies is
derived based upon a
number of new properties of the infinite horizon cost function c (s, S) as
well as a new upper
bound for optimal order-up-to levels S* and a new lower bound for optimal
reorder levels s ...
Cited by 161 - Related articles - All 6 versions
Stock returns and accounting earnings
[PDF] from yale.eduJ Liu… - Journal of Accounting Research, 2000 - JSTOR
In this paper we derive and test a relation between current-period
unexpected returns and
unexpected earnings that incorporates revisions in forecasts of future
earnings. Our
motivation is to emphasize the misspecification in returns/earnings
regressions that omit ...
Cited by 160 - Related articles - BL Direct - All 10 versions
On equilibrium asset price processes
[PDF] from yale.eduH He… - Review of Financial Studies, 1993 - Soc
Financial Studies
... Financial support from the Batterymarch Fellowship Program (for Hua He)
and the Berkeley
Program in Finance is gratefully acknowledged. Address proofs and reprint
requests to Hua He,
Haas School of Business, University of California at Berkeley, Berkeley, CA
94720. ...
Cited by 159 - Related articles - Library Search - BL Direct - All 14
versions
Partner analysis and alliance performance
[PDF] from psu.edu…, BS Teng - Scandinavian journal of management, 2003 -
Elsevier
The determinants of strategic alliance performance have not been explored
adequately in
the literature. Empirical studies abound with numerous kinds of performance
measures but,
thus far, there is no coherent theoretical basis for the determinants of
alliance performance ...
Cited by 150 - Related articles - All 9 versions
Lower bounds for multi-echelon stochastic inventory systems
…, YS Zheng - Management Science, 1994 - JSTOR
We establish lower bounds on the minimum costs of managing certain
production-
distribution networks with setup costs at all stages and stochastic demands.
These networks
include serial, assembly, and one-warehouse multi-retailer systems. We
obtain the ...
Cited by 148 - Related articles - BL Direct - All 8 versions
Pricing and delivery-time performance in a competitive environment
L Li, YS Lee - Management Science, 1994 - JSTOR
We present a model of market competition in which customer preferences are
over not only
price and quality but also delivery speed. This allows a study of market
demand and firms'
decisions on price, quality, technology and responsiveness in a competitive
environment. ...
Cited by 145 - Related articles - Library Search - BL Direct - All 8
versions
A multitask theory of state enterprise reform
[PDF] from umich.edu…, DD Li, Z Tao, Y Wang - Journal of Comparative
Economics, 2000 - Elsevier
During transition, maintaining employment and providing a social safety net
to the
unemployed are important to social stability, which in turn is crucial for
the productivity of the
whole economy. Because independent institutions for social safety are
lacking and firms ...
Cited by 144 - Related articles - Library Search - BL Direct - All 34
versions
Art as an investment and the underperformance of masterpieces
[TXT] from nyu.eduJ Mei… - NYU Finance Working Paper No. 01-012, 2002 -
papers.ssrn.com
Abstract: This paper constructs a new data set of repeated sales of artworks
and estimates
an annual index of art prices for the period 1875-2000. Contrary to earlier
studies, we find art
outperforms fixed income securities as an investment, though it
significantly under- ...
Cited by 144 - Related articles - BL Direct - All 26 versions
Measuring international economic linkages with stock market data
[PDF] from nyu.edu…, J Mei - Journal of Finance, 1996 - JSTOR
This article develops a new framework for measuring financial and real
economic linkages
between countries. Using United States and United Kingdom data from 1957 to
1989, we
find closer financial linkages after the Bretton Woods currency arrangement
was ...
Cited by 142 - Related articles - BL Direct - All 17 versions
Tax structures in developing countries: Many puzzles and a possible
explanation
[PDF] from pku.edu.cn…, W Li - Journal of Public Economics, 2009 - Elsevier
Tax policies seen in developing countries are puzzling on many dimensions,
given the
sharp contrast between these policies and both those seen in developed
countries and
those forecast in the optimal tax literature. In this paper, we explore how
forecasted ...
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Time and entrepreneurial risk behavior
[PDF] from cuny.edu…, BS Teng - Entrepreneurship Theory and Practice, 1997
- questia.com
Risk is intrinsically embedded in time, and yet the temporal context
continues to suffer from
neglect in the research literature. Specifically, an individual's conception
of the flow of time in
the future has a significant impact on entrepreneurial risk behavior. We
propose that any ...
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Optimal Contracts in a Continuous‐Time Delegated Portfolio Management
Problem
[PDF] from duke.eduH Ou‐Yang - Review of Financial Studies, 2003 - Soc
Financial Studies
Abstract This article studies the contracting problem between an individual
investor and a
professional portfolio manager in a continuous‐time principal‐agent
framework. Optimal
contracts are obtained in closed form. These contracts are of a symmetric
form and ...
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On the relation between the credit spread puzzle and the equity premium
puzzle
[PDF] from stanford.eduL Chen, P Collin-Dufresne… - … of Financial Studies
, 2009 - Soc Financial Studies
Abstract Structural models of default calibrated to historical default rates
, recovery rates, and
Sharpe ratios typically generate Baa–Aaa credit spreads that are
significantly below
historical values. However, this “credit spread puzzle” can be resolved if
one accounts for ...
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Adoption of Internet-based product customization and pricing strategies
[PDF] from rochester.eduR Dewan, B Jing… - System Sciences, 2000. …, 2000
- ieeexplore.ieee.org
... Dewan, Jing, and Seidmann [10] identify a monopoly seller's optimal
product and pricing strategies
and analyze their profit and welfare implications. ... When r is
sufficiently low relative to customization
cost a and information cost b , the highest price in the customization ...
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A risk perception model of alliance structuring
[PDF] from cuny.edu…, BS Teng - Journal of International Management, 2001 -
Elsevier
The literature on the strategic alliance structuring process does not
provide an adequate
view of the role of decision-makers in that process, especially about how
alliance partners
form their structural preferences. Given the critical role of structure in
alliance ...
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Consumption and Portfolio Policies With Incomplete Markets and Short‐Sale
Constraints: the Finite‐Dimensional Case1
H He… - Mathematical Finance, 1991 - Wiley Online Library
He, H. and Pearson, ND (1991), Consumption and Portfolio Policies With
Incomplete
Markets and Short-Sale Constraints: the Finite-Dimensional Case.
Mathematical Finance, 1:
1–10. doi: 10.1111/j. 1467-9965.1991. tb00012. x
Cited by 123 - Related articles - Library Search - All 8 versions
Information, trade, and derivative securities
[PDF] from nsd.edu.cn…, HH Cao - Review of Financial Studies, 1996 - Soc
Financial Studies
Abstract Hellwig's (1980) model is used to analyze the value of improving
trading
opportunities by more frequent trading in the underlying asset, or by
trading in a derivative
asset. With multiple trading sessions, uninformed investors behave as
rational trend ...
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Timeliness of annual report releases and market reaction to earnings
announcements in an emerging capital market: The case of China
IM Haw, D Qi… - Journal of International Financial …, 2000 - Wiley Online
Library
2. Abstract This paper examines the relation between firm performance and
the timing of
annual report releases in an emerging capital market. Based on the
population of listed
Chinese firms with A-shares for 1994-1997, we find that good news firms
release their ...
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Cognitive biases and strategic decision processes: An integrative
perspective
[PDF] from cuny.edu…, BS Teng - Journal of Management Studies, 1999 - Wiley
Online Library
Previous studies have not adequately addressed the role of cognitive biases
in strategic
decision processes. In this article we suggest that cognitive biases are
systematically
associated with strategic decision processes. Different decision processes
tend to ...
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An efficient algorithm for computing an optimal (r, Q) policy in continuous
review stochastic inventory systems
…, YS Zheng - Operations research, 1992 - JSTOR
The reorder point/reorder quantity policies, also referred to as (r, Q)
policies, are widely used
in industry and extensively studied in the literature. However, for a period
of almost 30 years
there has been no efficient algorithm for computing optimal control
parameters for such ...
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A queueing model to analyze the value of centralized inventory information
YS Zheng… - Operations Research, 1990 - JSTOR
Competitive pressures and technological improvements are leading many firms
to consider
centralized information systems to manage inventories and schedule
production. We
propose a simple model to explore the potential benefits of such
coordination. The model ...
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Inventory information
[PDF] from berkeley.eduHH Cao, RK Lyons… - 2003 - nber.org
In a market with symmetric information about fundamentals, can information-
based trade still
arise? Consider bond and FX markets, where private information about nominal
cash flows
is generally absent, but participants are convinced that superior
information exists. We ...
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versions
The risk-based view of trust: A conceptual framework
[PDF] from cuny.edu…, BS Teng - journal of Business and Psychology, 2004 -
Springer
Trust and risk have often been linked in the literature, but their
relationship is far from clear.
Trust has been used in three different ways—namely, as a perception (“
subjective trust”), as
various personal and situational factors that lead to subjective trust (“
trust antecedents”), ...
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Investments in flexible production capacity
[PDF] from dspace.orgH He… - Journal of Economic Dynamics and Control, 1992
- Elsevier
... North-Holland Investments in flexible production capacity* Hua He
University of California,
Berkeley, CA 94720 ... We 598 H. He and RS Andyck, Investments inflexible
production capacity
also ignored ... plant design, in: M. Fuss and D. McFadden eds., Production
economics: A dual ...
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Product customization and price competition on the Internet
[PDF] from 128.151.238.65R Dewan, B Jing… - Management Science, 2003 -
JSTOR
... A L R B Segments Left Direct marketing Right conventional segment =
conventional segment
customization segment scope 1058 MANAGEMENT SCIENCE/Vol. 49, No. 8, August
2003 Page
5. DEWAN, JING, AND SEIDMANN Product Customization and Price Competition on
...
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Institutional Factors Influencing China? s Accounting Reforms and Standards
B Xiang - Accounting Horizons, Vol 12, No 2, June 1998, 1998 - papers.ssrn.
com
Abstract: By analyzing the changes in the accounting environment of China
during the
recent economic reforms, this paper places the development of accounting
reforms in China
into perspective and assesses the desirability of China? s adopting
accounting principles ...
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Credit spreads in the market for highly leveraged transaction loans
[PDF] from nyu.eduLA Angbazo, J Mei… - Journal of Banking & Finance, 1998 -
Elsevier
This paper is an empirical exploration of the determinants of the required
credit spreads on
highly leveraged transaction (HLT) loans. The analysis uses a multi-factor
spread model to
estimate the movement of loan spreads relative to spreads required in the (
competing) ...
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versions
The political economy of privatization and competition: cross-country
evidence from the telecommunications sector
[PDF] from psu.eduW Li… - Journal of Comparative Economics, 2002 - Elsevier
This article examines the political economy of privatization and
liberalization in the
telecommunications sector in recent decades. We find that countries with
stronger proreform
interest groups, namely the financial services sector and the urban
consumers, are more ...
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versions
Speculative trading and stock prices: Evidence from Chinese AB share premia
[PDF] from psu.eduJ Mei, J Scheinkman… - 2005 - nber.org
... Jianping Mei New York University j**[email protected] Jose Scheinkman
Department of
Economics Princeton University Princeton, NJ 08544-1021 Wei Xiong Princeton
University
Bendheim Center for Finance 26 Prospect Avenue Princeton, NJ 08450 Page 3. 1
Introduction ...
Cited by 108 - Related articles - Library Search - All 25 versions
[PDF] Information asymmetry, diversification, and cost of capital
[PDF] from pku.edu.cn…, J Liu, J Liu - Accounting Review, 2007 - gsm.pku.
edu.cn
Abstract Of late, there has been considerable interest among accounting
researchers in the
relation between asymmetric information and cost of capital. Empiricists
have taken the lead
with a number of studies that document associations between proxies for
asymmetric ...
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When privatization should be delayed: The effect of communist legacies on
organizational and institutional reforms
…, W Yijiang - Journal of Comparative Economics, 1993 - Elsevier
Abstract This paper analyzes institutional and organizational developments
in the early
stages of postsocialist reforms, focusing on policy decisions on the timing
of privatization
and on the allocation of resources between different types of sectors. We
identify links ...
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Cross-selling sequentially ordered products: An application to consumer
banking services
[PDF] from virginia.eduS Li, B Sun… - Journal of Marketing Research, 2005 -
JSTOR
Customers have predictable life cycles. As a result of these life cycles,
firms that sell multiple
products or services frequently observe that, in general, certain items are
purchased before
others. This predictable phenomenon provides opportunities for firms to
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Service parts logistics: a benchmark analysis
MA Cohen, YS Zheng… - IIE transactions, 1997 - Springer
This paper summarizes the results of a benchmark study focusing on after-
sales service
logistics systems for technologically complex high-value products, ie, in
the computer
industry. Current industrial practices and trends in service logistics
operations are ...
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Anomalies
[PDF] from chicagobooth.eduEXN Li, D Livdan… - Review of Financial Studies,
2009 - Soc Financial Studies
... Erica XN Li. Dmitry Livdan. Lu Zhang. Send
correspondence to
Lu Zhang, Finance Department, Stephen M. Ross School of Business, University
of ...
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G*n
71 楼
you should check their publication records on line
Www.ckgsb.edu.cn
Www.ckgsb.edu.cn
c*u
74 楼
finance top 3 from 2006-2011, from UT dallas
Rank University Articles Score Country
1 Hong Kong University of Science and Technology 29
2 City University of Hong Kong (College of Business) 12
3 Chinese University of Hong Kong 8
4 Tsinghua University 6
5 University of Hong Kong 3
6 Hong Kong Polytechnic University 3
7 Peking University 3
8 Cheung Kong Graduate School of Business 1
9 Lingnan University at Hong Kong 1
10 Xiamen University 2
11 Shanghai Jiao Tong University 1
11 China Center for Financial Research 1
13 Shanghai University of Finance and Economics 1
14 Central University of Finance and Economics 1
Rank University Articles Score Country
1 Hong Kong University of Science and Technology 29
2 City University of Hong Kong (College of Business) 12
3 Chinese University of Hong Kong 8
4 Tsinghua University 6
5 University of Hong Kong 3
6 Hong Kong Polytechnic University 3
7 Peking University 3
8 Cheung Kong Graduate School of Business 1
9 Lingnan University at Hong Kong 1
10 Xiamen University 2
11 Shanghai Jiao Tong University 1
11 China Center for Financial Research 1
13 Shanghai University of Finance and Economics 1
14 Central University of Finance and Economics 1
L*s
75 楼
很多学校全校加起来都不够一个tenure的标准。
【在 c******u 的大作中提到】
: finance top 3 from 2006-2011, from UT dallas
: Rank University Articles Score Country
: 1 Hong Kong University of Science and Technology 29
: 2 City University of Hong Kong (College of Business) 12
: 3 Chinese University of Hong Kong 8
: 4 Tsinghua University 6
: 5 University of Hong Kong 3
: 6 Hong Kong Polytechnic University 3
: 7 Peking University 3
: 8 Cheung Kong Graduate School of Business 1
【在 c******u 的大作中提到】
: finance top 3 from 2006-2011, from UT dallas
: Rank University Articles Score Country
: 1 Hong Kong University of Science and Technology 29
: 2 City University of Hong Kong (College of Business) 12
: 3 Chinese University of Hong Kong 8
: 4 Tsinghua University 6
: 5 University of Hong Kong 3
: 6 Hong Kong Polytechnic University 3
: 7 Peking University 3
: 8 Cheung Kong Graduate School of Business 1
k*y
76 楼
这个比如Long Chen刚去,发的都不算,但未来几年,他肯定还是发不少
同理Jie Gan这样的
估计跟HKUST比有困难,以下应该问题不大
【在 c******u 的大作中提到】
: finance top 3 from 2006-2011, from UT dallas
: Rank University Articles Score Country
: 1 Hong Kong University of Science and Technology 29
: 2 City University of Hong Kong (College of Business) 12
: 3 Chinese University of Hong Kong 8
: 4 Tsinghua University 6
: 5 University of Hong Kong 3
: 6 Hong Kong Polytechnic University 3
: 7 Peking University 3
: 8 Cheung Kong Graduate School of Business 1
同理Jie Gan这样的
估计跟HKUST比有困难,以下应该问题不大
【在 c******u 的大作中提到】
: finance top 3 from 2006-2011, from UT dallas
: Rank University Articles Score Country
: 1 Hong Kong University of Science and Technology 29
: 2 City University of Hong Kong (College of Business) 12
: 3 Chinese University of Hong Kong 8
: 4 Tsinghua University 6
: 5 University of Hong Kong 3
: 6 Hong Kong Polytechnic University 3
: 7 Peking University 3
: 8 Cheung Kong Graduate School of Business 1
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