Jussi Keppo

National University of Singapore (NUS) - NUS Business School

Professor

Mochtar Riady Building

15 Kent Ridge Drive

Singapore, 119245

Singapore

http://https://www.jussikeppo.com

  • National University of Singapore (NUS) - NUS Business School

SCHOLARLY PAPERS

41

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Top 17,315

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92

Scholarly Papers (41)

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1.

The Impact of Volcker Rule on Bank Profits and Default Probabilities

Number of pages: 71 Posted: 29 Oct 2012 Last Revised: 29 Apr 2020
Sohhyun Chung, Jussi Keppo and Xuchuan Yuan
University of Michigan at Ann Arbor - Department of Mathematics, National University of Singapore (NUS) - NUS Business School and affiliation not provided to SSRN
Downloads 1,073 (42,699)
Citation 3

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bank capital, dividends, investment, banking regulation

2.

Are Monthly Market Returns Predictable?

Review of Asset Pricing Studies, forthcoming, Georgia Tech Scheller College of Business Research Paper No. 2015-12
Number of pages: 42 Posted: 11 Jul 2014 Last Revised: 15 Dec 2021
Jussi Keppo, Tyler Shumway and Daniel Weagley
National University of Singapore (NUS) - NUS Business School, University of Michigan at Ann Arbor, The Stephen M. Ross School of Business and University of Tennessee, Knoxville
Downloads 995 (47,463)

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Market timing, return predictability, bubbles, market crashes

3.

Optimal Bank Capital with Costly Recapitalization

Downloads 889 (55,459)
Citation 31

Optimal Bank Capital with Costly Recapitalization

Number of pages: 49 Posted: 21 Dec 2004
Samu Peura and Jussi Keppo
Sampo Bank and National University of Singapore (NUS) - NUS Business School
Downloads 889 (54,609)
Citation 31

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bank capital, dividends, capital issues, fixed cost, delay

Optimal Bank Capital with Costly Recapitalization

Journal of Business, Vol. 79, pp. 2163-2201, 2006
Posted: 11 Apr 2005
Samu Peura and Jussi Keppo
Sampo Bank and National University of Singapore (NUS) - NUS Business School

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bank capital, dividends, capital issues, fixed cost, delay

4.

Risk Targeting and Policy Illusions - Evidence from the Announcement of the Volcker Rule

Number of pages: 50 Posted: 16 Jul 2014 Last Revised: 12 Jun 2016
Jussi Keppo and Josef Korte
National University of Singapore (NUS) - NUS Business School and Goethe University Frankfurt - Faculty of Economics and Business Administration
Downloads 871 (57,047)
Citation 1

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Volcker Rule, proprietary trading, trading book, banking book, hedging, bank regulation

5.

Dynamic Contracting in Asset Management under Investor-Partner-Manager Relationship

Number of pages: 88 Posted: 18 Feb 2021 Last Revised: 22 Dec 2023
Jussi Keppo, Nizar Touzi and Ruiting Zuo
National University of Singapore (NUS) - NUS Business School, École Polytechnique, Paris and Fintech Thrust, the Society Hub, Hong Kong University of Science and Technology (GZ)
Downloads 849 (59,080)

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Principal-agent model, moral hazard, stochastic optimal control

6.

Risk, Financing and the Optimal Number of Suppliers

Number of pages: 43 Posted: 06 Jul 2006 Last Revised: 03 Apr 2012
Volodymyr Babich, Goker Aydin, Pierre-Yves Brunet, Jussi Keppo and Romesh Saigal
Georgetown University - McDonough School of Business, University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering, University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering, National University of Singapore (NUS) - NUS Business School and University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering
Downloads 805 (63,499)
Citation 22

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joint operational and financial decisions, procurement, supply chain structure, trade credit, bank financing

7.

The Credits that Count: How Credit Growth and Financial Aid Affect College Tuition and Fees

Downloads 621 (88,701)

The Credits that Count: How Credit Growth and Financial Aid Affect College Tuition and Fees

Number of pages: 50 Posted: 18 Mar 2012
Katharina Ley Best and Jussi Keppo
University of Michigan Ann Arbor - Industrial and Operations Engineering and National University of Singapore (NUS) - NUS Business School
Downloads 345 (176,756)

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demand for schooling, educational economics, educational finance, state and federal aid, student financial aid

The Credits that Count: How Credit Growth and Financial Aid Affect College Tuition and Fees

Number of pages: 50 Posted: 24 Feb 2011 Last Revised: 22 Mar 2012
Katharina Ley Best and Jussi Keppo
University of Michigan Ann Arbor - Industrial and Operations Engineering and National University of Singapore (NUS) - NUS Business School
Downloads 276 (224,195)

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Demand for Schooling, Educational Economics, Educational Finance, Student Financial Aid, Aggregate Supply & Demand

8.

Risky Investments under Static and Dynamic Information Acquisition

Number of pages: 63 Posted: 17 Mar 2018 Last Revised: 13 Nov 2023
Jussi Keppo, Hong Ming Tan and Chao Zhou
National University of Singapore (NUS) - NUS Business School, National University of Singapore (NUS) - NUS Business School and National University of Singapore (NUS) - Department of Mathematics
Downloads 607 (91,382)
Citation 2

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Information acquisition; Investment; Bayesian learning;

9.

Herding in Probabilistic Forecasts

Number of pages: 100 Posted: 01 Oct 2020 Last Revised: 18 Jan 2022
Yanwei Jia, Jussi Keppo and Ville Satopää
The Chinese University of Hong Kong (CUHK) - Department of Systems Engineering & Engineering Management, National University of Singapore (NUS) - NUS Business School and INSEAD - Technology and Operations Management
Downloads 593 (94,140)
Citation 2

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Asymmetric Information Game, Bayesian Statistics, Economic Forecasting, Public Disclosure

10.

A Computational Scheme for the Optimal Strategy in an Incomplete Market

Downloads 554 (102,566)
Citation 3

A Computational Scheme for the Optimal Strategy in an Incomplete Market

Number of pages: 22 Posted: 11 Jan 2002
Jussi Keppo, Xu Meng and Michael G. Sullivan
National University of Singapore (NUS) - NUS Business School, University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering and University of Michigan at Ann Arbor - Department of Mathematics
Downloads 554 (101,264)
Citation 3

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utility maximization, incomplete markets, endowment uncertainty, numerical methods

A Computational Scheme for the Optimal Strategy in an Incomplete Market

Journal of Economic Dynamics and Control, Forthcoming
Posted: 28 Mar 2007
Jussi Keppo, Xu Meng and Michael G. Sullivan
National University of Singapore (NUS) - NUS Business School, University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering and University of Michigan at Ann Arbor - Department of Mathematics

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Utility maximization, incomplete markets, endowment uncertainty

11.

Fickle Fingers: Ride-Hail Surge Factors and Taxi Bookings

Agarwal, Sumit, Ben Charoenwong, Shih-Fen Cheng, and Jussi Keppo. "The impact of ride-hail surge factors on taxi bookings." Transportation Research Part C: Emerging Technologies 136 (2022): 103508.
Number of pages: 49 Posted: 25 Apr 2018 Last Revised: 08 Sep 2024
Sumit Agarwal, Ben Charoenwong, Shih-Fen Cheng and Jussi Keppo
National University of Singapore, INSEAD, School of Computing and Information Systems, Singapore Management University and National University of Singapore (NUS) - NUS Business School
Downloads 526 (109,403)
Citation 5

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transportation economics, surge pricing, consumer behavior, big data analytics

12.

R&D Data Sharing in New Product Development

Number of pages: 51 Posted: 02 Sep 2021 Last Revised: 03 Dec 2024
Zhi Chen and Jussi Keppo
Business School, National University of Singapore and National University of Singapore (NUS) - NUS Business School
Downloads 520 (110,925)

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Innovation contest, R&D data sharing, new product development; artificial intelligence

13.

The Crowdfunding Effects on Venture Capital Investment

Number of pages: 58 Posted: 17 Jan 2020 Last Revised: 25 Mar 2024
Ming Hu, Yannan Jin and Jussi Keppo
University of Toronto - Rotman School of Management, Shanghai University of Finance and Economics and National University of Singapore (NUS) - NUS Business School
Downloads 469 (125,536)

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crowdfunding, public information, venture capital, competition

14.

Learning Manipulation Through Information Dissemination

Operations Research, Accepted
Number of pages: 58 Posted: 16 Oct 2019 Last Revised: 07 Sep 2021
Jussi Keppo, Michael Jong Kim and Xinyuan Zhang
National University of Singapore (NUS) - NUS Business School, Sauder School of Business, University of British Columbia and Sauder School of Business, University of British Columbia
Downloads 421 (142,710)
Citation 3

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Bayesian dynamic programming, learning, misinformation, information disclosure, social learning, information design

15.

Preferences of Public Transit Commuters: Evidence from Smart Card Data in Singapore

Georgetown McDonough School of Business Research Paper No. 3036259
Number of pages: 47 Posted: 15 Sep 2017 Last Revised: 05 Oct 2020
Sumit Agarwal, Mi Diao, Jussi Keppo and Tien Foo Sing
National University of Singapore, National University of Singapore (NUS) - Department of Real Estate, National University of Singapore (NUS) - NUS Business School and National University of Singapore (NUS) - Department of Real Estate
Downloads 414 (145,537)

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Public transportation, travel preference, value of travel time, value of reliability, big data

16.

Bonus Caps, Deferrals and Bankers' Risk-Taking

Bank of Finland Research Discussion Paper No. 5/2015
Number of pages: 75 Posted: 02 Mar 2016 Last Revised: 18 Jun 2022
Esa Jokivuolle, Jussi Keppo and Xuchuan Yuan
Bank of Finland, Research Unit, National University of Singapore (NUS) - NUS Business School and affiliation not provided to SSRN
Downloads 388 (156,555)
Citation 1

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banking, bonuses, regulation, compensation, Dodd–Frank Act

17.

Bayesian Herd Detection for Dynamic Data

Number of pages: 59 Posted: 18 Mar 2020 Last Revised: 01 Mar 2023
Jussi Keppo and Ville Satopää
National University of Singapore (NUS) - NUS Business School and INSEAD - Technology and Operations Management
Downloads 383 (158,857)

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Bayesian statistics, Dynamic modeling, Gaussian process, Judgmental forecasting, Imperfect information game

18.

Misconduct in Organizations

Number of pages: 40 Posted: 27 Jan 2020 Last Revised: 25 Sep 2022
Minglong Zhou, Jussi Keppo and Esa Jokivuolle
Fudan University - School of Management, National University of Singapore (NUS) - NUS Business School and Bank of Finland, Research Unit
Downloads 354 (173,386)

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19.

Bonus Caps, Deferrals and Bankers' Risk-Taking

Bank of Finland Research Discussion Paper No. 5/2015
Number of pages: 75 Posted: 01 Oct 2019
Esa Jokivuolle, Jussi Keppo and Xuchuan Yuan
Bank of Finland, Research Unit, National University of Singapore (NUS) - NUS Business School and affiliation not provided to SSRN
Downloads 326 (189,498)

Abstract:

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banking, bonuses, regulation, compensation, Dodd-Frank Act

20.

Opaque Bank Assets and Optimal Equity Capital

Journal of Economic Dynamics and Control, Vol. 100, 2019
Number of pages: 69 Posted: 02 Jun 2016 Last Revised: 21 May 2020
Min Dai, Shan Huang and Jussi Keppo
The Hong Kong Polytechnic University, Georgia Institute of Technology and National University of Singapore (NUS) - NUS Business School
Downloads 297 (209,273)
Citation 2

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bank capital, dividends, investment, earnings smoothing, banking regulation

21.

Incentive Design and Pricing under Limited Inventory

Number of pages: 44 Posted: 22 Dec 2021 Last Revised: 26 Apr 2024
Ruiting Zuo, Tinglong Dai and Jussi Keppo
Fintech Thrust, the Society Hub, Hong Kong University of Science and Technology (GZ), Johns Hopkins University - Carey Business School and National University of Singapore (NUS) - NUS Business School
Downloads 293 (212,215)

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Incentive design, moral hazard, pricing, limited inventory, marketing-operations interface

22.

Learning by Driving: Evidence from Taxi Driver Wages in Singapore

Number of pages: 38 Posted: 08 Dec 2015 Last Revised: 06 Nov 2016
Sumit Agarwal, Shih-Fen Cheng, Jussi Keppo and Ryoko Sato
National University of Singapore, School of Computing and Information Systems, Singapore Management University, National University of Singapore (NUS) - NUS Business School and National University of Singapore (NUS)
Downloads 289 (215,352)
Citation 3

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Learning-by-doing, Wages, Labor Supply, Taxi Drivers

23.

Unintended Consequences of the Market Risk Requirement in Banking Regulation

Number of pages: 46 Posted: 30 Mar 2007 Last Revised: 29 Mar 2010
Jussi Keppo, Leonard Kofman and Xu Meng
National University of Singapore (NUS) - NUS Business School, Bank of Montreal and University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering
Downloads 286 (217,626)
Citation 2

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bank capital, dividends, capital issues, investment, bank regulation

24.

The Demand for Information: More Heat than Light

Number of pages: 37 Posted: 24 Feb 2005
Jussi Keppo, Giuseppe Moscarini, Giuseppe Moscarini and Lones Smith
National University of Singapore (NUS) - NUS Business School, Yale University - Department of EconomicsCowles Foundation for Research in Economics and University of Wisconsin at Madison - Department of Economics
Downloads 269 (231,662)
Citation 4

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Value of information, Non-concavity, Heat equation, Demand, Bayesian analysis

25.

Do Hacker Groups Pose a Risk to Organizations? Study on Financial Institutions Targeted by Hacktivists

Number of pages: 43 Posted: 29 Apr 2021 Last Revised: 12 Jul 2021
Jussi Keppo and Mikko Niemela
National University of Singapore (NUS) - NUS Business School and Singapore Management University - Lee Kong Chian School of Business
Downloads 244 (255,537)

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Cyber risk, risk management, hacking campaign, financial institution

26.

Option Pricing with an Exponential Effect Function

Number of pages: 14 Posted: 17 Apr 2004
Mattias Jonsson, Jussi Keppo and Xu Meng
University of Michigan at Ann Arbor - Department of Mathematics, National University of Singapore (NUS) - NUS Business School and University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering
Downloads 205 (301,657)
Citation 4

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27.

Hiring, Firing, and Relocation under Employment Protection

Number of pages: 55 Posted: 30 Oct 2014 Last Revised: 02 Apr 2015
Min Dai, Jussi Keppo and Tim A Maull
The Hong Kong Polytechnic University, National University of Singapore (NUS) - NUS Business School and University of Michigan at Ann Arbor - Department of Industrial and Operations Engineering
Downloads 200 (308,660)
Citation 1

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Labor market frictions, job reallocation, stochastic control

28.

Optimal Electoral Timing: Exercise Wisely and You May Live Longer

Cowles Foundation Discussion Paper No. 1565
Number of pages: 43 Posted: 10 May 2006 Last Revised: 05 Oct 2007
Jussi Keppo, Lones Smith and Dmitry Davydov
National University of Singapore (NUS) - NUS Business School, University of Wisconsin at Madison - Department of Economics and Goldman Sachs Group, Inc. - Equities Risk Management
Downloads 197 (312,980)
Citation 3

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American option, optimal stopping

29.

Information Provision and Labor Efficiency: Evidence from Taxis in Singapore

Number of pages: 59 Posted: 20 Oct 2022 Last Revised: 22 Aug 2023
Sumit Agarwal, Shih-Fen Cheng, Jussi Keppo, Long Wang and Zoe Yang
National University of Singapore, School of Computing and Information Systems, Singapore Management University, National University of Singapore (NUS) - NUS Business School, Fudan University - School of Economics and The Chinese University of Hong Kong - CUHK Business School
Downloads 154 (388,734)

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Information Provision, Labor Efficiency, Market Performance, Emission and Fuel Consumption

30.

A Major Choice: An Examination of Higher Education and Ability-Adjusted Income

Number of pages: 46 Posted: 19 Apr 2014
Katharina Ley Best and Jussi Keppo
University of Michigan Ann Arbor - Industrial and Operations Engineering and National University of Singapore (NUS) - NUS Business School
Downloads 131 (442,323)

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Post-college income, debiasing, major choice, college choice, enrollment choice, conditional logistic model

31.

Causal Effects of Alcohol Consumption on Health-related Consequences: Evidence from Finland

Number of pages: 33 Posted: 13 Apr 2022
Sumit Agarwal, Jussi Keppo, Zhiwen Wang and Zoe Yang
National University of Singapore, National University of Singapore (NUS) - NUS Business School, Centre for Family and Population Research, National University of Singapore and The Chinese University of Hong Kong - CUHK Business School
Downloads 127 (453,152)

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Alcohol consumption, Diseases, Crimes, Cross-border shopping

32.

The Wisdom of Strategically Diverse Crowds

Number of pages: 61 Posted: 07 Jun 2024 Last Revised: 30 Nov 2024
Yanwei Jia, Jussi Keppo and Ville Satopää
The Chinese University of Hong Kong (CUHK) - Department of Systems Engineering & Engineering Management, National University of Singapore (NUS) - NUS Business School and INSEAD - Technology and Operations Management
Downloads 107 (515,431)

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Aggregation, Wisdom of Crowds, Information Asymmetry, Information Processing, Strategic Diversity

33.

Optimal Stockist Selection and Contract Design: Evidence from a Supply Chain in India

Number of pages: 72 Posted: 12 Jun 2024 Last Revised: 11 Jan 2025
Wei Jiang, Jussi Keppo, Yu Long and Omkar Palsule-Desai
Hong Kong University of Science and Technology, National University of Singapore (NUS) - NUS Business School, Hong Kong University of Science & Technology (HKUST) - Dept. of Industrial Engineering and Decision Analytics and Indian Institute of Management Indore
Downloads 98 (548,172)

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Competition, Contract Design, Bayesian Learning, Exploitation-exploration, Structural Estimation

34.

Data Science Approach to Process Control

Number of pages: 42 Posted: 14 Jun 2024
Yuda Ho, Jussi Keppo, Ek Hong Lim, Herman Tan and Hong Ming Tan
National University of Singapore (NUS), National University of Singapore (NUS) - NUS Business School, National University of Singapore (NUS), National University of Singapore (NUS) and National University of Singapore (NUS) - NUS Business School
Downloads 87 (590,490)

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manufacturing, statistical process control, bias-variance, endogeneity, data science, machine learning

35.

The Impact of Tie Intervals on Rank-Based Contests

Number of pages: 50 Posted: 18 Sep 2024
Linsheng Zhuang, Zhi Chen and Jussi Keppo
National University of Singapore (NUS) - Institute for Operations Research and Analytics, National University of Singapore (NUS) and National University of Singapore (NUS) - NUS Business School
Downloads 55 (755,389)

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Innovation Contest, Tug-of-War, Information Disclosure, Participation

36.

Optimal Consumption and Portfolio Decisions with Partially Observable Real Prices

Mathematical Finance, 19(2), April 2009, 215-236
Number of pages: 33 Posted: 17 Jun 2020
Alain Bensoussan, Jussi Keppo and Suresh Sethi
University of Texas at Dallas - Naveen Jindal School of Management, National University of Singapore (NUS) - NUS Business School and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 39 (863,323)

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optimal consumption and investment, inflation, stochastic control with partial observations, separation principle, Zakai equation.

37.

Diversified Learning: Bayesian Control with Multiple Biased Information Sources

Number of pages: 42 Posted: 25 Oct 2024
Jussi Keppo, Michael Jong Kim and Xinyuan Zhang
National University of Singapore (NUS) - NUS Business School, Sauder School of Business, University of British Columbia and Sauder School of Business, University of British Columbia
Downloads 30 (944,234)

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Multi-source learning, Bayesian network, optimal control, bias and misinformation, diversification strategy, forecasting aggregation

38.

Bounded Rationality in Ride-Sourcing Drivers' Dwelling at Transportation Terminals: A Behavioral Queueing Analysis

Number of pages: 46
Tianming Liu, Zhengtian Xu, Jussi Keppo, Yafeng Yin and Hongtu Zhu
University of Michigan at Ann Arbor - Department of Civil and Environmental Engineering, George Washington University - Department of Civil and Environmental Engineering, National University of Singapore (NUS) - NUS Business School, University of Michigan, Ann Arbor and University of North Carolina (UNC) at Chapel Hill
Downloads 6

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Ride-sourcing, Driver behavior, Bounded rationality, Behavioral queueing theory, Supply management

39.

What is the True Cost of Active Management? A Comparison of Hedge Funds and Mutual Funds

https://doi.org/10.3905/jai.2014.17.2.009
Posted: 21 May 2019
Jussi Keppo and Antti Petajisto
National University of Singapore (NUS) - NUS Business School and Brooklyn Investment Group

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Management fee, performance fee, hedge fund, mutual fund

40.

A Game Model of Irreversible Investment Under Uncertainty

International Game Theory Review, Vol. 4, No. 2, pp. 127-140, 2002
Posted: 29 Sep 2009
Pauli Murto and Jussi Keppo
Helsinki School of Economics & Business Administration and National University of Singapore (NUS) - NUS Business School

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Real options, irreversible investment, game theory, uncertainty, telecommunication

41.

Pricing of Electricity Swing Options

Journal of Derivatives, Vol. 11, pp. 26-43, 2004
Posted: 05 Feb 2004
Jussi Keppo
National University of Singapore (NUS) - NUS Business School

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Derivative pricing, electricity market, consumption uncertainty