I study the relation between venture capitalists' (VCs) presence and real activities manipulation (RM). I find that compared to non-venture-backed companies, venture-backed companies show significantly less RM in the first post-IPO fiscal year. The results are robust after controlling for the VC...

We develop a new approach that integrates empirical estimation and assortment optimization to achieve display personalization for e-commerce platforms. We propose a two-stage Multinomial Logit (MNL) based consider-then-choose model, which accurately captures the two stages of a consumer's...

We assume an entrepreneur (borrower) must borrow money from a lender (bank) to start a project in a single-period model. The debt is secured by an insurer who takes the project and pays the lender all the outstanding principal and interest in case of default. The borrower grants the insurer a...

We examine the effect of government ownership and its associated institutional incentives on firms' earnings quality using a sample of Chinese firms during the transitional economy between 1998 and 2005 when state-owned and non-state-owned firms were traded in the stock exchanges. We find that,...

With the prevalence of digital devices and internet access, telemedicine (visiting physicians through real-time telecommunication) is becoming an important mode of service. In this work, we study whether the adoption of telemedicine has an impact on physicians' behavior in terms of scheduling...

I study the relation between venture capitalists’ (VCs) presence and real activities manipulation (RM). I find that compared to non-venture-backed companies, venture-backed companies show significantly less RM in the first post-IPO fiscal year. The results are robust after controlling for the...