Bayesian Non-Parametric Risk Metric
by Kiwan Hyun Abstract This thesis constructs completely non-parametric Risk Metric models through Dirichlet process in order to account for both the parametric uncertainty and model uncertainty that a Risk Metric may bring. Value at Risk (VaR), along with its integrated form Continuous Value at Risk (CVaR) / Expected Shortfall (ES), is one of the […]
Hedonic Pricing in the Sneaker Resale Market
By Kevin Ma and Matthew Treiber This paper explores the secondary resale market for high-end and limited-edition sneakers, specifically analyzing the determinants that affect what value sneakers trade for in the secondary market. While it is common knowledge that the sneaker resale market is a thriving and active secondary market, there is little to no […]
Leverage and Varying Metrics of Firm Performance
By Preston Jiateng Huang This paper sets out to examine the effect of leverage on company performance. Drawing on the methodology of key prior research, this study finds that leverage has a consistent negative effect on firm growth; by contrast, no such negative impact was found on return on equity. Importantly, such patterns hold throughout […]
