Author Page for Hengjie Ai

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

Hengjie Ai, Mariano (Max) Massimiliano Croce and Kai Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Finance Department, Bocconi University and Peking University HSBC Business School

Downloads 1,087 (27,866)

Citation 29

Abstract:

2.

The Trade-off Theory of Corporate Capital Structure

Oxford Research Encyclopedia of Economics and Finance

Number of pages: 65 Posted: 11 Jun 2020 Last Revised: 13 Jul 2021

Hengjie Ai, Murray Z. Frank and Ali Sanati

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, University of Minnesota and American University

Downloads 894 (36,677)

Citation 5

Abstract:

3.

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

Downloads 862 ( 38,624)

Citation 28

3

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

Number of pages: 67 Posted: 18 Nov 2012 Last Revised: 05 Sep 2017

Hengjie Ai, Mariano (Max) Massimiliano Croce, Anthony M. Diercks and Kai Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Finance Department, Bocconi University, Board of Governors of the Federal Reserve System and Peking University HSBC Business School

Downloads 769 (44,443)

Citation 9

Abstract:

Production-Based Term Structure of Equity Returns

UNC Kenan-Flagler Research Paper No. 2336099

Number of pages: 42 Posted: 09 Oct 2013

Mariano (Max) Massimiliano Croce, Hengjie Ai, Anthony M. Diercks and Kai Li

Finance Department, Bocconi University, University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Board of Governors of the Federal Reserve System and Peking University HSBC Business School

Downloads 93 (375,012)

Citation 1

Abstract:

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

CEPR Discussion Paper No. DP12661

Number of pages: 70 Posted: 05 Feb 2018

Hengjie Ai, Mariano (Max) Massimiliano Croce, Anthony M. Diercks and Kai Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Finance Department, Bocconi University, Board of Governors of the Federal Reserve System and Peking University HSBC Business School

Downloads 0

Citation 11

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Abstract:

4.

The Cross Section of Monetary Policy Announcement Premium

Journal of Financial Economics (forthcoming)

Number of pages: 88 Posted: 01 Mar 2019 Last Revised: 21 Jan 2022

Hengjie Ai, Leyla Jianyu Han, Xuhui (Nick) Pan and Lai Xu

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Boston University - Questrom School of Business, University of Oklahoma and Syracuse University

Downloads 458 (87,046)

Citation 6

Abstract:

5.

Moral Hazard, Investment, and Firm Dynamics

Downloads 213 (195,338)

Citation 3

2

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, Rui Li and Rui Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN and University of Wisconsin - MadisonPurdue University - Department of Economics

Downloads 149 (266,740)

Citation 4

Abstract:

Moral Hazard, Investment, and Firm Dynamics

Number of pages: 61 Posted: 03 Oct 2011

Hengjie Ai, Rui Li and Rui Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN and University of Wisconsin - MadisonPurdue University - Department of Economics

Downloads 64 (465,297)

Citation 1

Abstract:

6.

The Collateralizability Premium

SAFE Working Paper No. 264 (2019)

Number of pages: 88 Posted: 25 Oct 2019

Hengjie Ai, Jun E. Li, Kai Li and Christian Schlag

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), Peking University HSBC Business School and Goethe University Frankfurt

Downloads 184 (222,870)

Citation 5

Abstract:

7.

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 - Carlson School of Managementaffiliation not provided to SSRN and University of Illinois at Urbana-Champaign

Downloads 164 (245,703)

Citation 34

Abstract:

8.

A Quantitative Model of Dynamic Moral Hazard

Number of pages: 40 Posted: 27 Jun 2016 Last Revised: 29 Jun 2020

Hengjie Ai, Dana Kiku, Rui Li and Rui Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, University of Illinois at Urbana-Champaign and University of Wisconsin - MadisonPurdue University - Department of Economics

Downloads 162 (248,265)

Citation 3

Abstract:

9.

Information-Driven Volatility

Number of pages: 55 Posted: 14 Nov 2021

Hengjie Ai, Leyla Jianyu Han and Lai Xu

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Boston University - Questrom School of Business and Syracuse University

Downloads 124 (306,117)

Abstract:

10.

Information Acquisition and the Pre-Announcement Drift

Number of pages: 53 Posted: 18 Nov 2021 Last Revised: 13 Apr 2022

Hengjie Ai, Ravi Bansal and Leyla Jianyu Han

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Duke University and NBER and Boston University - Questrom School of Business

Downloads 120 (313,639)

Abstract:

11.

Capital Misallocation and Risk Sharing

Number of pages: 33 Posted: 11 Mar 2020 Last Revised: 25 Oct 2021

Hengjie Ai, Anmol Bhandari, Yuchen Chen and Chao Ying

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, University of Minnesota - Minneapolis - Department of Economics, University of Minnesota - Twin Cities, Carlson School of Management and Chinese University of Hong Kong

Downloads 98 (359,794)

Citation 2

Abstract:

12.

Risk Preferences and the Macro Announcement Premium

Downloads 98 (359,794)

Citation 46

2

Risk Preferences and the Macro Announcement Premium

Number of pages: 61 Posted: 27 Sep 2016

Hengjie Ai and Ravi Bansal

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN and Duke University and NBER

Downloads 56 (497,107)

Abstract:

Risk Preferences and the Macro Announcement Premium

NBER Working Paper No. w22527

Number of pages: 62 Posted: 22 Aug 2016 Last Revised: 20 Jan 2022

Hengjie Ai and Ravi Bansal

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN and Duke University and NBER

Downloads 42 (562,675)

Citation 33

Abstract:

13.

Investment and CEO Compensation Under Limited Commitment

Number of pages: 62 Posted: 01 Nov 2013

Hengjie Ai, Rui Li and Rui Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN and University of Wisconsin - MadisonPurdue University - Department of Economics

Downloads 90 (379,535)

Citation 18

Abstract:

14.

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

Number of pages: 61 Posted: 01 Nov 2013

Hengjie Ai, Dana Kiku, Rui Li and Rui Li

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, University of Illinois at Urbana-Champaign and University of Wisconsin - MadisonPurdue University - Department of Economics

Downloads 84 (395,692)

Citation 14

Abstract:

15.

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 - Carlson School of Managementaffiliation not provided to SSRN and University of Illinois at Urbana-Champaign

Downloads 32 (604,631)

Citation 7

Abstract:

16.

Asset Pricing with Endogenously Uninsurable Tail Risk

NBER Working Paper No. w24972

Number of pages: 93 Posted: 17 Sep 2018 Last Revised: 27 Mar 2022

Hengjie Ai and Anmol Bhandari

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN and University of Minnesota - Minneapolis - Department of Economics

Downloads 27 (635,807)

Abstract:

17.

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 - Carlson School of Managementaffiliation not provided to SSRN, Duke University and NBER, Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Chinese University of Hong Kong

Abstract:

18.

Financial Intermediation and Capital Reallocation

Posted: 02 Dec 2016

Hengjie Ai, Kai Li and Fang Yang

University of Minnesota - Carlson School of Managementaffiliation not provided to SSRN, Peking University HSBC Business School and Louisiana State University, Baton Rouge

Hengjie Ai

University of Minnesota - Carlson School of Management

Associate Professor

affiliation not provided to SSRN

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Scholarly Papers (18)

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