• CEO wealth and cross-border acquisitions by SMEs 

      Zilja, Flladina; Benito, Gabriel R G; Boustanifar, Hamid; Zhang, Dan (Peer reviewed; Journal article, 2023)
      This study examines the role of chief executive officers’ (CEOs) wealth in explaining the cross-border acquisition (CBA) activity of small and medium-sized enterprises (SMEs). CBAs require substantial financial resources ...
    • The effects of COVID-19 policies on consumer spending in Norway 

      Carpena, Fenella; Swinkels, Laurens; Zhang, Dan (Peer reviewed; Journal article, 2024)
      We examine the effect of COVID‐19 policies on consumer spending using bankcard transactions from Norway. Exploiting variation in COVID‐19 policies over time and across space in the four largest municipalities, we investigate ...
    • The GDP, the US treasury yield and the federal funds rate: Who follows whom, when and why? 

      Seip, Knut Lehre; Zhang, Dan (Journal of Financial Economic Policy;, Peer reviewed; Journal article, 2021-06-08)
      Purpose: This study addresses the fundamental question on how the major players in the economy dynamically interact with each other: among the central bank, the investors in the bond market, and the firms and consumers ...
    • A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery 

      Seip, Knut Lehre; Zhang, Dan (Economies;Volume 10 / Issue 10, Peer reviewed; Journal article, 2022)
      Okun’s law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the relations between output and labor input across regions or across business cycles. Based on results by ...
    • One dollar CEOs 

      Loureiro, Gilberto; Makhija, Anil; Zhang, Dan (Journal of Business Research;Volume 109, March 2020, Journal article; Peer reviewed, 2019-12-28)
      We study the impact of $1 CEO salaries on firm performance and CEO total compensation. We find that, on average, $1 CEO firms earn higher total compensation and lower Stock market returns relative to their peers after the ...
    • Scoring Six Detrending Methods on Timing, Lead‑Lag Relations, and Cycle Periods: An Empirical Study of US and UK Recessions 1977–2020 

      Seip, Knut Lehre; Zhang, Dan (Peer reviewed; Journal article, 2024)
      This study evaluates six commonly used detrending methods and discuss how detrending may change the timing of events, the identification of lead-lag relations between GDP and employment, and the identification of cycle ...
    • The yield curve as a leading indicator: accuracy and timing of a parsimonious forecasting model 

      Seip, Knut Lehre; Zhang, Dan (Forecasting;volume 3, issue 2, Peer reviewed; Journal article, 2021-05-28)
      Previous studies have shown that the treasury yield curve, T, forecasts upcoming recessions when it obtains a negative value. In this paper, we try to improve the yield curve model while keeping its parsimony. First, we ...