Hengjie Ai

University of Minnesota - Twin Cities - Carlson School of Management

19th Avenue South

Minneapolis, MN 55455

United States

SCHOLARLY PAPERS

13

DOWNLOADS
Rank 18,160

SSRN RANKINGS

Top 18,160

in Total Papers Downloads

2,648

SSRN CITATIONS
Rank 6,052

SSRN RANKINGS

Top 6,052

in Total Papers Citations

67

CROSSREF CITATIONS

100

Scholarly Papers (13)

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
University of Minnesota - Twin Cities - Carlson School of Management, Finance Department, Bocconi University and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management
Downloads 1,038 (20,601)
Citation 18

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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
University of Minnesota - Twin Cities - Carlson School of Management, Finance Department, Bocconi University, 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 724 (33,891)
Citation 6

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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
Finance Department, Bocconi University, University of Minnesota - Twin Cities - Carlson School of Management, 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 83 (303,343)
Citation 1

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Term Structure, Duration, Value Premium

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

CEPR Discussion Paper No. DP12661
Number of pages: 70 Posted: 05 Feb 2018
University of Minnesota - Twin Cities - Carlson School of Management, Finance Department, Bocconi University, Board of Governors of the Federal Reserve System and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management
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Citation 4
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3.
Downloads 194 (157,387)
Citation 1

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
University of Minnesota - Twin Cities - Carlson School of Management and Purdue University - Department of Economics
Downloads 138 (211,290)
Citation 4

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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
University of Minnesota - Twin Cities - Carlson School of Management and Purdue University - Department of Economics
Downloads 56 (377,275)

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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
University of Minnesota - Twin Cities - Carlson School of Management and University of Illinois at Urbana-Champaign
Downloads 153 (193,724)
Citation 26

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

5.

The Cross-Section of Monetary Policy Announcement Premium

Number of pages: 36 Posted: 01 Mar 2019 Last Revised: 25 May 2019
University of Minnesota - Twin Cities - Carlson School of Management, University of Hong Kong, University of Oklahoma and Syracuse University
Downloads 113 (245,258)
Citation 2

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FOMC announcement, implied volatility, cross-section of equity returns

6.

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
University of Minnesota - Twin Cities - Carlson School of Management, University of Illinois at Urbana-Champaign and Purdue University - Department of Economics
Downloads 107 (254,832)

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

7.

Investment and CEO Compensation Under Limited Commitment

Number of pages: 62 Posted: 01 Nov 2013
Hengjie Ai and Rui Li
University of Minnesota - Twin Cities - Carlson School of Management and Purdue University - Department of Economics
Downloads 76 (319,200)
Citation 7

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Dynamic Contracting, Limited Commitment, Investment, Q-Theory

8.
Downloads 73 (324,141)
Citation 24

Risk Preferences and the Macro Announcement Premium

Number of pages: 61 Posted: 27 Sep 2016
Hengjie Ai and Ravi Bansal
University of Minnesota - Twin Cities - Carlson School of Management and Duke University and NBER
Downloads 47 (408,710)

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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
University of Minnesota - Twin Cities - Carlson School of Management and Duke University and NBER
Downloads 26 (505,924)
Citation 10

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9.

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
University of Minnesota - Twin Cities - Carlson School of Management, University of Illinois at Urbana-Champaign and Purdue University - Department of Economics
Downloads 65 (344,954)
Citation 14

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Mechanism Design, Limited Commitment, Firm Dynamics

10.

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
University of Minnesota - Twin Cities - Carlson School of Management and University of Illinois at Urbana-Champaign
Downloads 15 (555,366)
Citation 4

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11.

Asset Pricing with Endogenously Uninsurable Tail Risk

NBER Working Paper No. w24972
Number of pages: 75 Posted: 17 Sep 2018
Hengjie Ai and Anmol Bhandari
University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Minneapolis - Department of Economics
Downloads 7 (606,251)
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12.

A Model of the Macroeconomic Announcement Premium with Production

Posted: 28 Nov 2018
Hengjie Ai, Ravi Bansal, Jay Im and Chao Ying
University of Minnesota - Twin Cities - Carlson School of Management, Duke University and NBER, Duke University - Fuqua School of Business and University of Minnesota - Twin Cities, Carlson School of Management

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announcement premium, generalized risk sensitivity, production

13.

Financial Intermediation and Capital Reallocation

Posted: 02 Dec 2016
Hengjie Ai, Kai Li and Fang Yang
University of Minnesota - Twin Cities - Carlson School of Management, Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management and Louisiana State University, Baton Rouge

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