In this study, I examine the Fannie Mae (FNMA) single-family mortgage loan modification process over the period from 1999 to 2021. Loan modification rates are higher during the period leading up to the bust periods, while first-time home buyers ha...
In the first chapter titled "CEOs’ Capital Gains Tax Liabilities and Accounting Conservatism", I study whether CEOs’ tax liability affect conservative accounting policy. Recent studies show that the tax-induced lock-in effect discourages CEOs’ to ...
The first paper ("Does Executive Compensation Duration Generate Different Risk Incentives? Evidence on Corporate Hedging") investigates whether and how corporate hedging policy is affected by compensation duration. I find a positive and significan...
