This research explores the effects of adding bitcoin to an optimal portfolio (naïve, long-only, unconstrained and semi-constrained) by relying on mean-CVaR in the Chinese market. Then backtesting to compare the performance of portfolios with and without bitcoin for each scenario is perfomed....

We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This...

We consider a general equilibrium model with endogenous human capital formation in which ex ante identical groups may be treated differently in equilibrium due to informational externalities. Unlike earlier models of statistical discrimination, group inequalities may arise even if the...

We develop an entrepreneur-focused model for the capital structure of small and entrepreneurial firms. Our model moves from a minimal remuneration that the entrepreneur has to ask because of the risk they incur in the venture and makes two adjustments: first, it takes into consideration...

Our research explores the link between tokens post Initial Coin Offering (ICO) market performance in terms of returns, volumes and volatility, and the role of social media activity (namely Twitter) as information disseminator vis-à-vis project endorser. We look at a sample of token negotiated...

This paper presents the structural estimation of a statistical discrimination model where wage differentials can be generated by self-fulfilling expectations about group productivities. Although the model is capable of displaying multiple equilibria, an estimation strategy that identifies both...