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Government Say-on-Pay, Social Capital and Corporate Social Responsibility Performance: Evidence from China (2019)
Presentation / Conference
Jiang, H., Hu, Y., Su, K., & Zhu, Y. (2019, August). Government Say-on-Pay, Social Capital and Corporate Social Responsibility Performance: Evidence from China. Paper presented at 2019 American Accounting Association (AAA) Annual Meeting, San Francisco, USA

In the backdrop of a serial of regulations issued by the Chinese government in an effort to rein in top executives’ compensation in the state-owned enterprises, this study finds that the pay restriction on top executives adversely affects the CSR per... Read More about Government Say-on-Pay, Social Capital and Corporate Social Responsibility Performance: Evidence from China.

Credit risk premium in a disaster-prone world (2008)
Presentation / Conference
Copeland, L., & Zhu, Y. (2008, November). Credit risk premium in a disaster-prone world. Paper presented at European Monetary Forum in Leuven

The seminal Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events("disasters") allowed for leverage in the form of risky corporate debt which defaulted only in states when the Government defaulted on its debt.... Read More about Credit risk premium in a disaster-prone world.

Rare disasters and the equity risk premium in a two-country world (2008)
Presentation / Conference
Copeland, L., & Zhu, Y. (2008, July). Rare disasters and the equity risk premium in a two-country world. Paper presented at 5th Conference of the Portuguese Finance Network in Coimbra

We extend the Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events ("disasters") to a two-country world. In this more general setting, both the output risk of rare disasters and the associated risk of a defau... Read More about Rare disasters and the equity risk premium in a two-country world.