Journal of Derivatives and Quantitative Studies: 선물연구 , Open Access
Issue(s) available: 76 – From Volume: 10 Issue: 1, to Volume: 32 Issue: 2
Informational role of investment and liquidation values
Hyun Soo Doh, Yiyao WangWe develop a credit-risk model to study the informational role of investment in an economy susceptible to large liquidity shocks. Firms' investment decisions carry information…
Renegotiable debt, liquidity injections and financial instability
Hyun Soo Doh, Guanhao FengThis paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a renegotiation option. In the model, creditors decide when to…
Word-of-mouth effects in individual investors’ trading: evidence from Korea
Sujung ChoiThis paper examines the hypothesis of local herding (i.e. own-area effects) by individual investors on a particular stock-month. Using a unique dataset on online and offline…