A5039574495- Capital Investment and Risk Analysis
- Economic theories and models
- Stochastic processes and financial applications
- Corporate Finance and Governance
- Financial Markets and Investment Strategies
- Law, Economics, and Judicial Systems
- Experimental Behavioral Economics Studies
- Decision-Making and Behavioral Economics
- Family Business Performance and Succession
- Banking stability, regulation, efficiency
- Market Dynamics and Volatility
- Complex Systems and Time Series Analysis
- Risk and Portfolio Optimization
- Economic Growth and Productivity
- Risk Management in Financial Firms
- Corporate Social Responsibility Reporting
- Phenomenology and Existential Philosophy
- Entrepreneurship Studies and Influences
- Financial Reporting and Valuation Research
- Climate Change Policy and Economics
- Auction Theory and Applications
Hubei University Of Economics
2022-2024
Zhejiang University of Technology
2024
Wuhan University
2005-2021
Shanghai University of Finance and Economics
2017
This paper introduces time-inconsistent preferences into the standard model of capacity choice and investigates its influences on entrepreneurial firms' investment decisions asset returns. With preferences, firm's expansion decision becomes more conservative. In addition, we find value reduction caused by is substantial in growth opportunities than assets place. For returns, show that time inconsistency lowers beta firm through channel since place not affected preferences. Finally, impacts...
Abstract Many experiments and field studies indicate that individuals have an asymmetric attitude towards gains versus losses. In this paper, we extend the canonic tournament model by assuming workers' preferences exhibit disappointment aversion. First, find winning prize is first increasing then decreasing in volatility losing shows opposite. Furthermore, when exceeds a threshold, both prizes are reduced to zero. By contrast, there no such kink for risk aversion case. Finally, piece rates...
Abstract Entrepreneurs often face undiversifiable idiosyncratic risks from their R&D investments. We extend the real options model of to an incomplete markets environment. find effect market incompleteness on investment is ambiguous. With low technological uncertainty, agent under over‐investment in R&D. However, leads under‐investment when uncertainty high.