(Working Papers SES ; 524)
This paper examines how investors perceive business group membership in Korea during the COVID-19 pandemic. Stock price performance analysis reveals evidence of a time-varying and heterogeneous value of affiliation: investors discount business group affiliation during a market collapse, but are willing to pay a premium for affiliation during market recovery. Overall, this pattern is more...
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In: Financial Markets and Portfolio Management, 2015, vol. 29, no. 4, p. 337-363
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In: Financial Markets and Portfolio Management, 2015, vol. 29, no. 1, p. 61-79
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In: International Review of Economics, 2015, vol. 62, no. 1, p. 1-21
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In: Management International Review, 2015, vol. 55, no. 1, p. 77-118
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In: Journal of Financial Econometrics, 2017, vol. 15, no. 3, p. 505-505
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In: Journal of Financial Econometrics, 2017, vol. 15, no. 3, p. 377-387
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In: Review of Managerial Science, 2015, vol. 9, no. 2, p. 317-338
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In: Schizophrenia Bulletin, 2018, vol. 44, no. 3, p. 643-652
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Thèse de doctorat : Università della Svizzera italiana, 2021 ; 2021ECO004.
My dissertation consists of three chapters, each of which focuses on how institutional investors trade, impact price efficiency in secondary financial markets and influence the allocation of resources in the real economy. Using a novel approach based on hurricanes, the first chapter, Mutual Funds’ Fire Sales and the Real Economy: Evidence from Hurricanes, contributes to the recent debate on...
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