Annual Conference

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Capital Market Development: China and Asia

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May 2013

To Group or Not to Group? Evidence from Mutual Fund Databases

Saurin PATEL, Sergei SARKISSIAN
Despite the overwhelming trend in mutual funds towards team management, empirical studies find no performance benefits for this phenomenon. We show it is caused by large discrepancies in reported managerial structures in CRSP and Morningstar Principia datasets versus SEC records, resulting in up to ...
Keywords: Database discrepancy, Management structure, Performance evaluation, Portfolio holdings
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Annual Conference

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Economic Transformation of Asia

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May 2015

To build above the limit? Implementation of land use regulations in urban China

Qinghua ZHANG, Wang ZHI, Cai HONGBIN
This paper studies the implementation of land use regulations in urban China. In particular, we investigate land developers’ compliance with floor-to-area ratio (FAR) regulations using a unique set of residential land parcel data from 30 major Chinese cities matched with the corresponding resident...
Keywords: Floor-to-area ratios, Land development, Compliance, Corruption, China
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Senior Fellows/Fellows

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Senior Fellows/Fellows

Time Savings When Working from Home

Steven J. DAVIS, Nicholas A. BLOOM, Jose Maria BARRERO, Cevat Giray AKSOY, Mathias DOLLS, Pablo ZARATE
We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours per week per worker in 2021 and 2022, and that it will save ...
Keywords: Work from home, commute times, allocation of time savings
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Members' Digest

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2021

Three Studies on China Capital Market Development

Bernard YEUNG
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Annual Conference

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Accounting

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May 2023

Third-Party Cookies, Data Sharing, and Return Comovement

Si CHENG, Yupeng LIN, Ruichang LU, Xiaojun ZHANG
Third-party cookies connect different firms and facilitate data sh aring. We find that common shocks to investor attention via cookie networks yield economically significant c omovement in financial information acquisition, retail t rading, and s tock r eturns. An identification test based on the en...
Keywords: Data Sharing, Return Comovement, Attention Spillover, Information Acquisition, Retail Trading
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