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.
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.
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.
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.
Is it different this time for emerging markets
Mark Twain once famously said, "History does not repeat itself but it does rhyme." More than 20 years have passed since the Asian Financial Crisis and it appears that the rhythm of frenzies and crashes has bypassed emerging market.
Not If, But How Fast And High The Fed Will Hike
As expected, the Federal Reserve did not raise its policy rate at its October meeting. The top two reasons for why the Fed is not rushing to hike rates are the volatility in emerging markets and the absence of headline inflation in the United States.
Deepening cyber resilience
In May, the WannaCry ransomware attack affected over 200,000 computers in more than 150 countries..
Is cash really king?
My research argues and subsequently demonstrates that cash is not almighty and not always king such that cash may sometimes backfire (compared to less tangible money in the form of cards) and hinder financial welfare.