In view of the established presence of wide deviations of US-listed country ETFs' prices from their net asset values, we study whether feedback trading exists in this category of ETFs and whether it varies with their premiums and discounts. Using a sample of nineteen country ETFs for the...

This study provides new evidence regarding reciprocal brokered deposits (RBDs), regulatory responses, and bank risk, contributing to prior studies in four ways. First, using updated financial Call Report data and bank failure data through 2012, we reexamine the moral hazard hypothesis that banks...

This paper applies a locally weighted scatterplot smoothing (loess) method to estimate the spatially heterogeneous wages of demographic groups of workers across precisely defined US labor markets. We estimate a location choice model using data from the National Longitudinal Survey of Youth...

This paper investigates a platform service supply chain composed of a single supplier and a service platform that not only resells products but also may serve as an intermediary that connects the supplier to consumers directly. The service platform can improve the performance of the retail...

In a sample of 485 Chinese public high-tech companies, we show that the R&D investment is significantly dependent on internal cash flow. Based on the sizable discrepancies of stock market and financial intermediary developments in the East, Middle and West regions of China, empirical estimation...

Case, Quigley and Shiller (2013) distinguished and quantified two wealth effects in retail sales at the state level: one from wealth held as corporate stock and one from wealth held in the form of home ownership. Here we investigate how each of these wealth effects varies by frequency -- that...