Finance

Research Highlights

Board structure, director expertise, and advisory role of outside directors

Chen Sheng-Syan, Chen Yan-Shing, Kang Jun-Koo, & Peng Shu-Cing - Journal of Financial Economics

Firms appoint more directors with China-related experience following the U.S. Congress’ grant of Permanent Normal Trade Relations status to China and their acquisitions of Chinese firms after the grant resulted in higher firm value.

Read more

Activist-appointed directors

Kang Jun-Koo, Kim Hyemin, Kim Jungmin, & Angie Low - Journal of Financial and Quantitative Analysis

Firms appointing directors nominated by activists experience a larger value increase that goes beyond the impact of pure activist intervention without board representation.

Read more

 

Monitoring the monitor: Distracted institutional investors and board governance

Claire Liu, Angie Low, Ronald Masulis, & Le Zhang - Review of Financial Studies

Distracted institutional investors are less likely to discipline directors with negative votes, causing directors to have less incentives to monitor managers.

Read more

Improved index insurance design and yield estimation using a dynamic factor forecasting approach

Hong Li, Lysa Porth, Ken Seng Tan & Wenjun Zhu - Insurance: Mathematics, and Economics

Accurate crop yield forecasting is central to effective risk management for many stakeholders in various practices, such as crop management, insurance policy design, and premium rate setting. We investigate an innovative approach of yield forecasting and designs an enhanced weather index-based insurance (IBI) policy.

Read more


Business Insights