This study aims to examine the impact of option incentives on corporate innovations in the representative emerging and transition economy. By utilizing the Chinese dataset, we find a noteworthy positive impact of option incentives on two dimensions of innovation: inputs and outputs. These...

This study examines time-series momentum in the Chinese commodity futures market. The findings show that a time-series momentum strategy performs best with a one-month look-back period and a one-month holding period. Furthermore, this strategy outperforms passive long and cross-sectional...

To valuate mortgage-backed securities, it is crucial to understand mortgage termination behavior. Analyzing the unique loan-level dataset, this study examines the characteristics of mortgage prepayment and default behavior in the Korean housing and housing finance markets. We find that loans to...

Understanding mortgage termination behavior is crucial for valuating mortgage-backed securities. Analyzing a unique loan-level dataset, this study examines the characteristics of mortgage prepayment and default behaviors in the Korean housing and housing finance markets. We also analyze mortgage...

Recently, various corporate failure prediction models that use machine learning techniques have received considerable attention. In particular, Kim, Cho, and Ryu (2022) demonstrate that using a sequence of a company’s historical information, rather than just the most recent information, yields...