The income gains in the top 1 percent are the primary cause for the rapid growth in U.S. inequality since the late 1970s. Managers and executives of firms account for a large proportion of these top earners. Chief executive officers (CEOs) in particular have seen their compensation increase...

The gravity model is widely used to estimate the movement of people and goods. We use the gravity model to explain the characteristics of the movement of Korean people between and within cities via various modes of transportation using data from 246 county/district-level municipalities. We use a...

Bitcoin market crashes bring huge economic loss and weaken the global financial system. Thus, predicting Bitcoin market crashes is very important for investors. However, due to the high volatility of Bitcoin prices, accurate prediction of crash events is difficult. In this study, we propose...

The documented discount on globally diversified firms is often cited, but a correlation is not per se evidence that global diversification destroys firm value. Firms choose to globally diversify based on their firm attributes, some of which may be unobservable. Given these exogenous firm...

Since the cryptocurrency, bitcoin, was launched in 2009, trading of bitcoin has been booming, and bitcoin is now increasingly recognized as an investment asset. However, concerns have arisen about the stability of this form of currency due to its volatility. Evaluation is necessary of bitcoin as...