Hengjie Ai

Affiliation not provided to SSRN
SCHOLARLY PAPERS

10

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2,184

CITATIONS
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SSRN RANKINGS

Top 18,064

in Total Papers Citations

18

Scholarly Papers (10)

1.

Toward a Quantitative General Equilibrium Asset Pricing Model with Intangible Capital

Review of Financial Studies 26 (2): 491-530, 2013, DOI: doi.org/10.1093/rfs/hhs121
Number of pages: 61 Posted: 15 Mar 2010 Last Revised: 10 Mar 2017
affiliation not provided to SSRN, University of North Carolina Kenan-Flagler Business School and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management
Downloads 856 (17,750)
Citation 9

Abstract:

Asset Pricing, General Equilibrium, Intangible Capital, Value Premium

News Shocks and the Production-Based Term Structure of Equity Returns

Number of pages: 67 Posted: 18 Nov 2012 Last Revised: 05 Sep 2017
affiliation not provided to SSRN, University of North Carolina Kenan-Flagler Business School, Board of Governors of the Federal Reserve System: Monetary and Financial Market Analysis and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management
Downloads 573 (37,632)

Abstract:

News Shocks, Learning, Term Structure of Equity, Duration

Production-Based Term Structure of Equity Returns

UNC Kenan-Flagler Research Paper No. 2336099
Number of pages: 42 Posted: 09 Oct 2013
University of North Carolina Kenan-Flagler Business School, affiliation not provided to SSRN, Board of Governors of the Federal Reserve System: Monetary and Financial Market Analysis and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management
Downloads 69 (285,166)

Abstract:

Term Structure, Duration, Value Premium

Moral Hazard, Investment, and Firm Dynamics

AFA 2013 San Diego Meetings Paper
Number of pages: 54 Posted: 12 Mar 2012 Last Revised: 06 Aug 2014
Hengjie Ai and Rui Li
affiliation not provided to SSRN and Purdue University - Department of Economics
Downloads 131 (184,302)

Abstract:

Moral Hazard, Dynamic Contracting, General Equilibrium, Firm Dynamics

Moral Hazard, Investment, and Firm Dynamics

Number of pages: 61 Posted: 03 Oct 2011
Hengjie Ai and Rui Li
affiliation not provided to SSRN and Purdue University - Department of Economics
Downloads 52 (330,105)

Abstract:

Dynamic Mechnism Design, General Equilibrium, Investment, Payout Policy, Power law

4.

Growth to Value: Option Exercise and the Cross-Section of Equity Returns

Number of pages: 59 Posted: 16 Feb 2009 Last Revised: 08 Dec 2011
Hengjie Ai and Dana Kiku
affiliation not provided to SSRN and University of Illinois at Urbana-Champaign
Downloads 131 (174,217)
Citation 6

Abstract:

Value Premium, Cross Section, Long-Run Risk, Real Options

5.

Investment and CEO Compensation Under Limited Commitment

Number of pages: 62 Posted: 01 Nov 2013
Hengjie Ai and Rui Li
affiliation not provided to SSRN and Purdue University - Department of Economics
Downloads 49 (282,004)
Citation 2

Abstract:

Dynamic Contracting, Limited Commitment, Investment, Q-Theory

Risk Preferences and the Macro Announcement Premium

Number of pages: 61 Posted: 27 Sep 2016
Hengjie Ai and Ravi Bansal
affiliation not provided to SSRN and Duke University and NBER
Downloads 31 (405,950)

Abstract:

Risk Preferences and the Macro Announcement Premium

NBER Working Paper No. w22527
Number of pages: 62 Posted: 22 Aug 2016 Last Revised: 02 Sep 2016
Hengjie Ai and Ravi Bansal
affiliation not provided to SSRN and Duke University and NBER
Downloads 9 (527,804)
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Abstract:

7.

A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment

Number of pages: 61 Posted: 01 Nov 2013
Hengjie Ai, Dana Kiku and Rui Li
affiliation not provided to SSRN, University of Illinois at Urbana-Champaign and Purdue University - Department of Economics
Downloads 33 (319,321)
Citation 1

Abstract:

Mechanism Design, Limited Commitment, Firm Dynamics

8.

Volatility Risks and Growth Options

Finance Down Under 2014 Building on the Best from the Cellars of Finance
Number of pages: 56 Posted: 01 Nov 2013
Hengjie Ai and Dana Kiku
affiliation not provided to SSRN and University of Illinois at Urbana-Champaign
Downloads 7 (515,394)

Abstract:

9.

Financial Intermediation and Capital Reallocation

Posted: 02 Dec 2016
Hengjie Ai, Kai Li and Fang Yang
affiliation not provided to SSRN, Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management and Louisiana State University, Baton Rouge

Abstract:

financial Intermediation, Capital Misallocation, Volatility, Crisis, Limited enforcement

10.

Quantifying the Impact of Moral Hazard: Evidence From a Structural Estimation

Number of pages: 40 Posted: 27 Jun 2016 Last Revised: 16 Oct 2016
Hengjie Ai, Dana Kiku and Rui Li
affiliation not provided to SSRN, University of Illinois at Urbana-Champaign and Purdue University - Department of Economics
Downloads 0 (295,883)

Abstract:

Structural Estimation, Dynamic Moral Hazard, CEO Compensation, General Equilibrium, Firm Dynamics