Zobrazeno 1 - 10
of 33
pro vyhledávání: '"Youchang Wu"'
Publikováno v:
Review of Financial Studies. Dec2016, Vol. 29 Issue 12, p3428-3470. 43p.
Autor:
Michael Gofman, Youchang Wu
Publikováno v:
Journal of Financial Economics. 143:593-618
We construct a sample of over 200,000 supply chains between 2003 and 2018 to conduct a chain-based analysis of trade credit. Our study uncovers novel stylized facts about trade credit both within and across supply chains. More upstream firms borrow m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b5ab7b9eeab0b1341526f5d6320e54ba
https://doi.org/10.1016/j.jfineco.2021.05.054
https://doi.org/10.1016/j.jfineco.2021.05.054
Autor:
Xuanyu Bai, Youchang Wu
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::842fd2f99d2ee0a4345ea0bfa9135303
https://doi.org/10.2139/ssrn.4364437
https://doi.org/10.2139/ssrn.4364437
Autor:
Oliver Levine, Youchang Wu
Publikováno v:
Management Science. 67:2773-2798
We exploit cross-sectional variation in the predictable changes in asset volatility following corporate acquisitions to identify the effect of business risk on capital structure. We find that postmerger changes in leverage and cash holdings are stron
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::61a92983cc342efa8dbd102539ff0202
https://doi.org/10.1287/mnsc.2020.3607
https://doi.org/10.1287/mnsc.2020.3607
Publikováno v:
Review of Financial Studies. Sep2008, Vol. 21 Issue 5, p2307-2343. 37p.
Autor:
Youchang Wu
Publikováno v:
China Finance Review International. 11:145-169
PurposeWhat causes the downward trend of real interest rates in major developed economies since the 1980s? What are the challenges of the near-zero interest and inflation rates for monetary policy? What can the policymakers learn from the latest deve
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::322f701d3625e3640d3e537cb2af84ce
https://doi.org/10.1108/cfri-06-2020-0071
https://doi.org/10.1108/cfri-06-2020-0071
Publikováno v:
The Review of Financial Studies. 33:5856-5905
We examine empirically and theoretically the relation between firms’ risk and distance to consumers in a production network. We document two novel facts: firms farther away from consumers have higher risk premiums and higher exposure to aggregate p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d3d5fd389ed47089635a4a0b2a8765e9
https://doi.org/10.1093/rfs/hhaa034
https://doi.org/10.1093/rfs/hhaa034
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2c6fca0a6078f31e60bbaef6fc3090d7
https://doi.org/10.2139/ssrn.4034987
https://doi.org/10.2139/ssrn.4034987
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::94d824760f8dc57fcca9d3b536855d5d
https://doi.org/10.2139/ssrn.3986875
https://doi.org/10.2139/ssrn.3986875
Publikováno v:
SSRN Electronic Journal.
We explore the growth and welfare effects of monetary policy in a two-sector Schumpeterian economy with cash-in-advance (CIA) constrained R&D investment in both sectors. We show that a nominal interest rate increase generates two effects on equilibri
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f2df7286c8b856b4b2a770373851a1ae
https://doi.org/10.2139/ssrn.3924799
https://doi.org/10.2139/ssrn.3924799