JJ Choi… - Financial Management, 1995 - JSTOR
We develop a model of firm valuation to examine the exchange risk sensitivity of 409 US
multinational firms during the 1978-89 period. In contrast to previous studies, we find that
exchange rate fluctuations do affect firm value. More specifically, we find that ...
JP Choi - Journal of Industrial Economics, 1994 - ideas.repec.org
Downloadable (with restrictions)! This paper attempts to provide a formal theory of planned
obsolescence based on incompatible technologies in the presence of network externalities. The
author explores how a monopolist's ability to make the new product incompatible with the old ...
JP Choi… - Rand Journal of Economics, 2001 - JSTOR
Page 1. RAND Journal of Economics Vol. 32, No. 1, Spring 2001 pp. 52-71 Tying,
investment, and the dynamic leverage theory Jay Pil Choi* and Christodoulos Stefanadis**
The idea that an incumbent supplier may tie two complementary ...
JJ Choi, E Elyasiani… - Journal of banking & finance, 1992 - Elsevier
Abstract This paper presents and estimates a multifactor model of bank stock returns that
incorporates market return, interest rate and exchange rate risk factors. A model of the
optimizing behavior of an international banking firm is used to derive the sensitivity ...
JP Choi - The Rand Journal of Economics, 1997 - JSTOR
Page 1. RAND Journal of Economics Vol. 28, No. 3, Autumn 1997 pp. 407-425 Herd behavior,
the "penguin effect," and the suppression of informational diffusion: an analysis of
informational externalities and payoff interdependency Jay Pil Choi* ...
JP Choi - International Journal of Industrial Organization, 1993 - Elsevier
JP Choi - Review of Economic Studies, 1998 - Wiley Online Library
Page 1. Review of Economic Studies (1998) 65, 655–669 0034-65279800300655
$02.00 © 1998 The Review of Economic Studies Limited Brand Extension as
Informational Leverage JAY PIL CHOI Columbia University First ...
JP Choi - The Rand Journal of Economics, 1994 - JSTOR
Page 1. RAND Journal of Economics Vol. 25, No. 3, Autumn 1994 Irreversible choice
of uncertain technologies with network externalities Jay Pil Choi* In this article, I
explore the problem of sequential and irreversible technology ...
JP Choi… - International Economic Review, 2005 - Wiley Online Library
Skip to Main Content. Wiley Online Library will be disrupted 5
Nov from 10-12 GMT for monthly maintenance. ...
JP Choi - International Journal of Industrial Organization, 2001 - Elsevier
J Jay Choi, S Hauser… - Journal of Banking & Finance, 1999 - Elsevier
This paper extends one aspect of the US stock market study of Fama (1990) and Schwert
(1990). We examine the relationship between industrial production (IP) growth rates and
lagged real stock returns for the G-7 countries using both in-sample cointegration and ...
JP Choi - American Economic Review, 1998 - JSTOR
Page 1. Patent Litigation as an Information-Transmission Mechanism By JAY PIL
CHOI * Patent litigation reveals important information about the validity of the
contested patent to other potential entrants. This paper explores ...
JJ Choi, SW Park… - Journal of Financial and …, 2007 - Cambridge Univ Press
Abstract This paper examines the valuation impacts of outside independent directors in
Korea, where a regulation requiring outside directors was instituted after the Asian financial
crisis. In contrast to studies of US firms, the effects of independent directors on firm ...
JP Choi… - European Economic Review, 1998 - Elsevier
JJ Choi… - Journal of Financial Services Research, 1997 - Springer
This article estimates the interest rate and exchange rate risk betas of 59 large US
commercial banks for the period of 1975–1992, as well as the bank-specific determinants of
these betas. The estimation procedure uses a modified seemingly unrelated simultaneous ...
JP Choi… - Rand journal of economics, 2000 - JSTOR
Page 1. RAND Journal of Economics Vol. 31, No. 4, Winter 2000 pp. 717-743 Vertical foreclosure
with the choice of input specifications Jay Pil Choi* and Sang-Seung Yi** We develop an
equilibrium model of vertical foreclosure with the choice of input spec- ifications. ...
JJ Choi, T Hiraki… - Journal of Financial and …, 1998 - Cambridge Univ Press
Abstract The exchange rate is an important variable that affects international
competitiveness and performance of Japanese firms. We use an unconditional and a
conditional multi-factor asset pricing model to examine whether exchange risk is ...
JP Choi - The RAND Journal of Economics, 1991 - JSTOR
Page 1. RAND Journal of Economics Vol. 22, No. 4, Winter 1991 Dynamic R&D
competition under "hazard rate" uncertainty Jay P. Choi * A model of dynamic R&D
behavior is presented in which participants in the race have ...
SH Bae… - Information Economics and Policy, 2006 - Elsevier
JP Choi - Journal of International Economics, 1995 - Elsevier
JP Choi - The Journal of Industrial Economics, 2010 - Wiley Online Library
Skip to Main Content. ...
JP Choi - The Economic Journal, 2004 - Wiley Online Library
Skip to Main Content. ...
J Choi - 2003 - papers.ssrn.com
Abstract: Most patent pools are formed in the shadow of patent litigation as an attempt to
settle disputes in regard to conflicting infringement claims and the validity of patents. To
reflect this reality, I develop a simple framework to analyze the incentives to form a patent ...
JP Choi… - Rand journal of Economics, 2004 - JSTOR
Page 1. RAND Journal of Economics Vol. 35, No. 2, Summer 2004 pp. 203-223 The
economics of repeated extortion Jay Pil Choi* and Marcel Thum** We provide a simple
model of repeated extortion. In particular we ask whether ...
JP Choi - Information Economics and Policy, 2006 - Elsevier
JP Choi - The Quarterly Journal of Economics, 1996 - qje.oxfordjournals.org
Page 1. PREEMPTWE R&D, RENT DISSIPATION, AND THE "LEVERAGE THEORY"*
JAY PIL CHOI This paper provides a new perspective on the validity of the so-called
"lever- age theory." In a model of preemptive innovation ...
J Choi - CESifo Working Paper Series No. 1336, 2004 - papers.ssrn.com
Abstract: Tying arrangements recently have been a major and contentious issue in many
high profile antitrust cases in the US and Europe. Examples include the Microsoft case, the
Visa and MasterCard case, and the proposed GE/Honeywell merger to name a few. This ...
JJ Choi - Journal of International Business Studies, 1989 - JSTOR
All international investments inevitably have some diversification consequences. Yet, the
literature on foreign direct investment accords only a limited role to diversification or financial
variables. This paper develops a theory of corporate international investment from the ...
JJ Choi… - Journal of International Business Studies, 1997 - JSTOR
Market segmentation and exchange risk are two main factors that distinguish international
financing and investment decisions from domestic ones. Existing studies of market
segmentation have been conducted within a framework in which exchange risk is not ...
JP Choi… - Journal of Public Economics, 2003 - Elsevier
JJ Choi - Journal of International Business Studies, 1986 - JSTOR
This paper examines how the firm's exposure to exchange rate uncertainty influences its
valuation. It identifies the variables affecting the firm's economic and accounting exchange
exposure as well as the cost of capital in a formal unified model.
JP Choi - European Journal of Political Economy, 1996 - Elsevier
JP Choi… - International Tax and Public Finance, 2009 - Springer
Page 1. Int Tax Public Finance (2009) 16: 605–620 DOI 10.1007/s10797-008-9083-y
The economics of politically-connected firms Jay Pil Choi · Marcel Thum Published online:
31 May 2008 © Springer Science+Business Media, LLC 2008 ...
D Bachman, JJ Choi, BN Jeon… - International Review of …, 1996 - Elsevier
This paper uses multilateral and bilateral cointegration techniques to examine the stock
market behavior of the seven major industrial countries (Group of Seven) over the 1970–
1989 period and to determine the consistency of three alternative hypotheses with the ...
JP Choi - International Journal of Industrial Organization, 1996 - Elsevier
JP Choi - The Journal of Industrial Economics, 1997 - Wiley Online Library
Page 1. THE PROVISION OF (TWO-WAY) CONVERTERS IN THE TRANSITION PROCESS TO
A NEW INCOMPATIBLE TECHNOLOGY* Jay Pil Choi This paper analyzes the dynamic provision
of converters in the transition process between two incompatible technologies. ...
U Ben‐Zion, JJ Choi… - Journal of Business Finance …, 1996 - Wiley Online Library
A country fund was created as an indirect alternative to direct portfolio investments in the
country's stock markets. As such, given the scope of investments limited to a single country, it
is expected abriori that fund prices have some degree of sensitivity to local market ...
JJ Choi… - Review of Quantitative Finance and Accounting, 1996 - Springer
This article examines the role of market segmentation on the valuation of the US stock
exchange-listed closed-end country funds and analyzes the determinants of net fund premia
in a multivariate context. It is shown that fund returns are generally sensitive to both ...
JP Choi… - 2006 - papers.ssrn.com
Page 1. HOW REASONABLE IS THE 'REASONABLE' ROYALTY RATE? DAMAGE RULES AND
PROBABILISTIC INTELLECTUAL PROPERTY RIGHTS JAY PIL CHOI CESIFO WORKING PAPER
NO. 1778 CATEGORY 9: INDUSTRIAL ORGANISATION AUGUST 2006 ...
JJ Choi… - Pacific-Basin Finance Journal, 2003 - Elsevier
This paper examines the Asian currency exposure of US firms with regard to their
international operational and risk management strategies. We find that contemporaneous
and lagged changes in real exchange rates have significant impacts on firm value for ...
JP Choi… - International Economic Review, 2004 - Wiley Online Library
Skip to Main Content. ...
JP Choi - The Journal of Industrial Economics, 2008 - Wiley Online Library
Skip to Main Content. ...
JJ Choi… - Research in International Business and Finance, 2007 - Elsevier
In contrast to existing empirical foreign direct investment (FDI) studies that examine the static
effects of strategic or real economic variables, this paper focuses on the impacts of financial
variables on FDI outflows for four largest industrial countries using dynamic time series ...
JP Choi, C Fershtman, N Gandal… - 2005 - papers.ssrn.com
Page 1. DISCUSSION PAPER SERIES ABCD www.cepr.org Available online at:
www.cepr.org/pubs/dps/DP5269.asp and www.ssrn.com/abstract=843709
www.ssrn.com/xxx/xxx/xxx No. 5269 INTERNET SECURITY, VULNERABILITY ...
J Choi, H Gerlach - CESifo Working Paper Series No. 2599, 2009 - papers.ssrn.com
Abstract: This paper analyzes international antitrust enforcement when multinational firms
operate in several markets with antitrust authorities in each market. We are concerned with
how the sustainability of collusion in one local market is affected by the existence of ...
JP Choi - Journal of economic behavior & organization, 1998 - Elsevier
J Choi, H Gerlach - CESifo Working Paper Series No. 2632, 2009 - papers.ssrn.com
Abstract: This paper analyzes dynamic cartel formation and antitrust enforcement when firms
operate in demand-related markets. We show that cartel prosecution can have a knock-on
effect: desisting a cartel in one market reduces profits and cartel stability and leads to the ...
JP Choi, H Gerlach - 2010 - papers.ssrn.com
Page 1. Global Cartels, Leniency Programs and International Antitrust Cooperation
Jay Pil Choi Heiko Gerlach CESIFO WORKING PAPER NO. 3005 CATEGORY 11:
INDUSTRIAL ORGANISATION MARCH 2010 An electronic ...
JJ Choi - Journal of Financial and Quantitative Analysis, 1984 - Cambridge Univ Press
Foreign exchange risk and hence the demand for foreign assets depend on the objective
and habitat of investors. The investment objective, in turn, is contingent upon how the
consumption basket or its price is defined. If the investor is" domestic" in the sense that he ...
JP Choi… - The Journal of Business, 2006 - JSTOR
[CITATION] An analysis of cooperative R&D
JP Choi - Working paper, Department of Economics, Harvard …, 1989
J Choi… - CESifo Working Paper Series No. 633, 2002 - papers.ssrn.com
Abstract: This paper develops a simple framework to analyze the links between corruption
and the unofficial economy and their implications for the official economy. In a model of self-
selection with heterogeneous entrepreneurs, we show that the entrepreneurs' option to ...
JP Choi - International journal of industrial organization, 2003 - Elsevier
JP Choi - Economics Letters, 1992 - Elsevier
JP Choi - International Economic Review, 2002 - Wiley Online Library
Skip to Main Content. ...
JJ Choi - Korea, 2000 - emeraldinsight.com
The Asian financial crisis of 1997 jolted the world economy like no other economic event
since the World War II. The effect of the crisis was both deep and broad. Countries used to
decades of 8-10% positive annual real economic growth saw their growth plunge up to a ...
JP Choi, C Fershtman… - The Journal of Industrial …, 2010 - Wiley Online Library
Skip to Main Content. ...
B Arshanapalli, JJ Choi, ET Clagget Jr… - Journal of Applied …, 1996 - Wiley Online Library
2. Abstract Over the past decade or so, the surge of interest among US investors in
international investing has led to the creation of numerous foreign equity country funds. Like
US closed-end mutual funds, the prices of such closed-end country funds fluctuate widely ...
JJ Choi - Japan and the World Economy, 1995 - Elsevier
The Japanese stock market is noted for its high valuation level compared to other advanced
stock markets. Previous work attributes this valuation disparity to institutional factors. This
paper examines the fundamental determinants of the relative valuation of Japanese and ...
JP Choi - Journal of Economics & Management Strategy, 1993 - Wiley Online Library
Page 1. DYNAMIC R&D COMPETITION, RESEARCH LINE RIGHTS DIVERSITY, AND
INTELLECTUAL PROPERTY JAY PIL CHOI Department of Ecoizoinios Columbia University
New Yovk, NY and CentEX, Tilburg University The Netherlands ...
JP Choi - European Journal of Political Economy, 2001 - Elsevier
JP Choi - Journal of the European Economic Association, 2005 - Wiley Online Library
Page 1. “zwu0260” — 2005/5/21 — page 724 — #1 LIVE AND LET LIVE: A TALE
OF WEAK PATENTS Jay Pil Choi Michigan State University Abstract Patent protection
has gradually expanded over time, and many patents of ...
JP Choi, G Lee… - Netnomics, 2003 - Springer
Page 1. Netnomics 5: 21–32, 2003. © 2003 Kluwer Academic Publishers. Printed in
the Netherlands. The effects of integration on R&D incentives in systems markets Jay
Pil Choi a, Gwanghoon Lee b and Christodoulos Stefanadis ...
[CITATION] Asian financial crisis: Financial, structural and international dimensions
JJ Choi - 2009 - Emerald Group Publishing Limited
JP Choi - International Economic Review, 2010 - Wiley Online Library
Skip to Main Content. ...
JJ Choi… - Journal of Banking & Finance, 2009 - Elsevier
An important issue in global corporate risk management is whether the multinationality of a
firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the
exchange risk exposure of US firms during 1983–2006, comparing multinational and non- ...
JP Choi - Eastern Economic Journal, 1996 - JSTOR
Page 1. A RATIONALE FOR QUOTA PROTECTION: A POLITICAL ECONOMY
APPROACH Jay Pii Choi Columbia University INTRODUCTION The equivalence
between tariffs and quotas under perfect competition is one of the ...
JP Choi - 2002 - msu.edu
Page 1. 1 Patent Pools and Cross-Licensing in the Shadow of Patent Litigation*
by Jay Pil Choi Michigan State University October 2002 revised September 2003
Abstract Most patent pools are formed in the shadow of patent ...
JJ Choi… - Journal of Banking & Finance, 1990 - Elsevier
Abstract This paper examines the sensitivity of the values of foreign currency American call
options to the domestic and foreign term structures of interest rates. Pricing performances of
currency option models are compared with and without the term structure effects. It is ...
[CITATION] Essays in the theory of dynamic R & D competition
JP Choi - 1990 - Harvard University
JP Choi - Information Economics and Policy, 2009 - Elsevier
[CITATION] Theory of Mixed Bundling Applied to the GE/Honeywell Merger, A
JP Choi - Antitrust, 2001
CL Fry, I Lee… - Review of Quantitative Finance and Accounting, 1994 - Springer
Shareholders of US firms that listed stock on the Tokyo Stock Exchange from 1973 to 1989
are shown to have experienced no significant wealth gains. The pattern of the market's
reaction to a Tokyo listing tracks closely the reactions to a domestic listing, where gains ...
JP Choi, EG Kristiansen… - CESifo Economic Studies, 2005 - CESifo Group
Page 1. CESifo Economic Studies, Vol. 51, 2-3/2005, 299–319 © Ifo Institute for
Economic Research, Munich, 2005. An Economic Analysis of Product Pre-
announcements Jay Pil Choi∗, Eirik Gaard Kristiansen∗ and Jae Nahm∗ ...
JP Choi - available at SSRN: http://ssrn. com/abstract, 2003 - papers.ssrn.com
Page 1. NET Institute* www.NETinst.org Working Paper #03-02 October 2003 Antitrust
Analysis of Mergers with Bundling in Complementary Markets: Implications for Pricing,
Innovation, and Compatibility Choice by Jay Pil Choi ...
[CITATION] On the Effects of International Risk, Segmentation and Diversification on the Cost of Equity Capital: A Critical Review and Synthesis'
JJ Choi… - Journal of Multinational Financial Management, 1991
[CITATION] Takato Hiraki and Nobuya Takezawa, 1998,“Is foreign exchange risk priced in the Japanese stock market?”
JJ Choi… - Journal of Financial and Quantitative Analysis
JP Choi - 1996 - ideas.repec.org
Downloadable! This paper develops an incomplete contract model of the licensing relationship
that is susceptible to the moral hazard problem. The optimal contractual form of licensing derived
in the model generates predictions that seem to be consistent with actual practice. For ...
J Choi - 2001 - papers.ssrn.com
Abstract: This paper develops an incomplete contract model of the licensing relationship to
analyze the dynamic effects of licensing on R&D competition in the innovation market and to
examine the rationale for often observed grant-back clauses. Of particular concern are ...
SH Bae… - Journal of Sports Economics, 2007 - jse.sagepub.com
Page 1. 10.1177/1527002505279764JOURNAL OF SPORTS ECONOMICS / February 2007
Bae, Choi / OPTIMAL NUMBER OF FIRMS Research Note The Optimal Number of Firms With
an Application to Professional Sports Leagues SANGHOO BAE Clark University ...
J Choi… - 2007 - papers.ssrn.com
Abstract: We present a leverage theory of reputation building with co-branding. We show
that under certain conditions, co-branding that links unknown firms in a new sector with
established firms in a mature sector allows the unknown firms to signal a high product ...
[CITATION] Foreign ownership and corporate performance'
JJ Choi… - Financial Management Association Conference, 2006
[CITATION] JJ,. Jeon, BN and Kopecky, KJ (1996):“Common Factors in International Stock Prices: Evidence from a Cointegration Study”
D Bachman… - International Review of Financial Analysis
JJ Choi… - 1998 - books.google.com
The editors of this volume provide a comprehensive and in-depth collection of articles on
financial and investment issues in emerging capital markets. The collection offers coverage
of all major emerging countries as well as all major topics related to emerging market ...
JP Choi - 1995 - ideas.repec.org
Downloadable! The economic and technological features of telecommunication systems in Central
and Eastern European (CEE) countries raise a host of challenging issues for public policy analysis.
With the aid of theoretical developments in industrial organization and regulation ...
JP Choi - International Journal of Industrial Organization, 1994 - Elsevier
JP Choi, EG Kristiansen… - SSRN. com/abstract, 2007 - msu.edu
Page 1. Communication of Soft Information to Lenders: Credibility and Reputation∗
Jay Pil Choi†, Eirik Gaard Kristiansen‡and Jae Nahm§ March 16, 2007 *We thank
Frøystein Gjesdal, Rune Jansen Hagen, Hans Hvide, Trond ...
JP Choi… - 2011 - papers.ssrn.com
Page 1. Selection Biases in Complementary R&D Projects Jay Pil Choi Heiko Gerlach
CESIFO WORKING PAPER NO. 3425 CATEGORY 11: INDUSTRIAL ORGANISATION
APRIL 2011 An electronic version of the paper may ...
[CITATION] The Economics of Politically Connected Firms
M Thum… - International Tax and Public Finance (forthcoming), 2010
[CITATION] The value of flexibility: Evidence from outsourcing
JJ Choi, L Trigiorgis… - 2009 - working paper
JJ Choi - 1980 - en.scientificcommons.org
Publikationsansicht. 32132494. International trade and transmission of inflation in a general
equilibrium framework / (1980). Choi, Jongmoo Jay. Abstract. Typescript.. Thesis (Ph.D.)--New
York University, Graduate School of Arts and Science, 1980.. Bibliography: leaves 192-206 ...
JJ Choi, FJ Fabozzi… - Journal of Financial Research, 1989 - crab.rutgers.edu
Abstract Traditional models of corporate interior optimum leverage rely on institutional
schemes such as taxes, bankruptcy, and agency costs. Theories of leverage indifference in
the presence of risky debt depend on various features of perfect and complete markets ...
EC Boyer… - Value Creation in Multinational Enterprise …, 2006 - emeraldinsight.com
Abstract: The financial services industry is experiencing rapid consolidation globally.
Consolidation has proceeded not only in the same market but also across different market
segments and across national boundaries. In this paper, we (a) outline the general trend ...
RA Ajayi… - Journal of Economics and Business, 1993 - Elsevier
Abstract Despite the publicity surrounding the external debts of the less developed countries
(LDCs), the effects of those debts on the exchange rates has not received much attention in
the literature. This paper proposes a structural model that is a synthesis of an asset and a ...
JJ Choi - The American Economist, 1988 - JSTOR
Accordingto Modigliani and Miller (MM; 1958), corporate debt policy has no impact on the
value of the firm or the cost of capital. Financial policy is thus irrelevant and can be
separated from investment decisions and vice versa. The MM analysis, however, operates ...
JJ Choi… - … Finance Review, Volume 7), Emerald Group …, 2006 - emeraldinsight.com
ABSTRACT Conventional foreign direct investment (FDI) theories regard FDIs as strategic
moves based on operational or industrial organization considerations. We demonstrate that
financial factors are also important in corporate FDI decisions. The financial factors ...
[CITATION] «Do outside directors enhance firm performance? Evidence from an emerging market»
JJ Choi, SW Park… - 2005 - Working paper
[CITATION] European monetary union and capital markets
J Jay Choi… - International Finance Review, 2001
[CITATION] February 2006.“How Reasonable is the'Reasonable'Royalty Rate? Damage Rules and Probabilistic Intellectual Property Rights.”
JP Choi - Michigan State Working Paper
[CITATION] Strategic Bundling and Entry Deterrence
JP Choi - 1993 - unpublished manuscript, May
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