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Ing-Haw Cheng
Associate Professor (untenured)

Tuck School of Business
Dartmouth College
100 Tuck Hall
Hanover, NH 03755

email:
ing-haw.cheng
[at]
tuck.dartmouth.edu

Research Interests: Beliefs, Incentives, Risk-Taking

Curriculum Vitae | SSRN author page | Google scholar page

Data:

Working Papers:

  1. Debt Collection and Household Financial Distress (Coming soon)
    (with Felipe Severino and Richard Townsend)
    • How well do borrowers negotiate with debt collectors?

  2. Trust in Signals and the Origins of Disagreement (June 2018)
    (with Alice Hsiaw)
    • Why do individuals interpret the same information differently?

  3. Do Managers Do Good With Other People's Money? (May 2016)
    (with Harrison Hong and Kelly Shue)
    • Is corporate social responsibility symptomatic of agency problems?

Papers:

  1. The VIX Premium
    • Review of Financial Studies, forthcoming.
    • Appendix: [online] [data - see above]
    • Volatility risk premiums in VIX futures tend to fall when risk rises.
    • Coverage: [FT Alphaville] [Ungated FT Alpha]

  2. Convective Risk Flows in Commodity Futures Markets
    (with Wei Xiong and Andrei Kirilenko)
    • Review of Finance, 2015, 19(5), 1733-1781, Lead article.
    • Appendix [online]
    • Who bears risk in commodity futures markets?

  3. Yesterday's Heroes: Compensation and Risk at Financial Firms
    (with Harrison Hong and Jose Scheinkman)
    • Journal of Finance, 2015, 70(2), 839-879.
    • Appendix: [online]
    • Is the cross-section of pay levels among finance firms consistent with principal-agent theory?
    • 2011 Standard Life Investments ECGI Best Finance Working Paper Prize
    • Coverage: [wsj]

  4. Wall Street and the Housing Bubble
    (with Sahil Raina and Wei Xiong)
  5. Why Do Hedgers Trade So Much?
    (with Wei Xiong)
    • Journal of Legal Studies, 2014, 43(S2), S183-S207.
    • Labeling traders as either hedgers or speculators may be misleading.

  6. The Hazards of Debt: Rollover Freezes, Incentives, and Bailouts
    (with Konstantin Milbradt)
    • Review of Financial Studies 2012, 25(4), 1070-1110.
    • How should debt be structured to balance debt runs and risk-shifting?

  7. The Effect of the Run-Up in the Stock Market on Labor Supply
    (
    with Eric French)
    • Economic Perspectives (Federal Reserve Bank of Chicago) 2000, Q4 48-65.

Reviews / Chapters:

  1. The Financialization of Commodity Markets
    (with Wei Xiong)
    • Annual Review of Financial Economics, 2014, 6, 419-441.
    • Commodities are now a popular asset class. How does this affect futures prices?

Inactive papers:

  1. Corporate Governance Spillovers (April 2011)
    • Accounting fraud is linked to poor corporate governance at competitors.