The Sim Kee Boon Institute for Financial Economics generates research through multidisciplinary collaborations involving not only the SMU community, but also research talent from around the world as well as industry and public-sector partners. The Institute will focus its efforts on the areas of financial inclusion and literacy, sustainable finance, financial technology, and data and governance. To maintain our relevance to finance practitioners and policy-makers, SKBI also adopts a view on Asian and global economic trends.

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Submissions from 2024

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Financing just energy transitions in Southeast Asia: Application of the Just Transition Transaction to Indonesia, Vietnam, and Philippines, Abhinav Jindal, Gireesh Shrimali, Bharat Gangwani, and Rajiv B. Lall Journal Article

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Quantinar: A blockchain peer-to-peer ecosystem for modern data analytics, Raul BAG, Bruno SPILAK, Julian WINKEL, and Wolfgang Karl HARDLE Journal Article

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Cross-exchange crypto risk: A high-frequency dynamic network perspective, Yifu WANG, Wanbo LU, Min-Bin LIU, Rui REN, and Wolfgang Karl HARDLE Journal Article

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Retail investors' activity and climate disasters, Marinela Adriana FINTA Working Paper

The role of macroprudential policies under carbon pricing, Maria Teresa PUNZI Journal Article

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Quantum machine learning for credit scoring, Nikolaos SCHETAKIS, Davit AGHAMALYAN, Micheael BOGUSLAVSKY, Agnieszka REES, Marc RAKOTOMALALA, and Paul Robert GRIFFIN Journal Article

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Specifying and estimating vector autoregressions using their Eigensystem representation, Leo KRIPPNER Working Paper

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Green transition and financial stability: The role of green monetary and macroprudential policies and vouchers, Ying Tung CHAN, Maria Teresa PUNZI, and Hong ZHAO Journal Article

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Investing in climate: A role for 'sovereign climate funds', Marianna Kozintseva and Thierry Wizman Report

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Analyzing global utilization and missed opportunities in debt-for-nature swaps with generative AI, Nataliya Tkachenko, Simon Frieder, Ryan-Rhys Griffiths, and Christoph Nedopil Journal Article

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Local institutional investors and corporate monitoring: Evidence from cross-listed Korean stocks in the US market, Changhwan CHOI, Chune Young CHUNG, and Jun Myung SONG Journal Article

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Navigating geopolitical crises for energy security: Evaluating optimal subsidy policies via a Markov switching DSGE model, Ying Tung CHAN, Maria Teresa PUNZI, and Hong ZHAO Journal Article

Submissions from 2023

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Female CEOs and investment efficiency in the Vietnamese market, Jun Myung SONG and Chune Young CHUNG Journal Article

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Is anti-herding always a smart choice? Evidence from mutual funds, John Byong-Tek LEE, Jun MA, Dimitris MARGARITIS, and Wanyi YANG Journal Article

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Physical frictions and digital banking adoption, Hyun Soo CHOI and Roger LOH Journal Article

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Estimating and applying autoregression models via their eigensystem representation, Leo KRIPPNER Working Paper

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Air pollution, regulations on emission and firms' social responsibility, Jun Myung SONG Report

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Female CEOs and investment efficiency in the Vietnamese market, Jun Myung SONG and Chune Young CHUNG Report

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The Livingston Survey 2023, S. Anderson, B. Bovino, M. Brown, Thomas LAM, and et al Report

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Survey of Professional forecasters 2023, Singapore Management University Report

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Hedging cryptos with Bitcoin futures, Francis LIU, Natalie PACKHAM, Meng-Jou LU, and Wolfgang Karl HAERDLE Journal Article

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Are markets interested in adapting to climate? Insights from Singapore, Stella WHITTAKER and Tran Bao Phuong NGUYEN Report

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Assessing the odds of a US recession, Thomas LAM and David FERNANDEZ News Article

Submissions from 2022

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The Livingston Survey 2022, S. Anderson, B. Bovino, M. Brown, Thomas LAM, and et al Report

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Is Fed policy in the eye of the beholder?, Leo KRIPPNER and Thomas LAM News Article

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SKBI Big 5 Survey 2022 August, Singapore Management University Presentation

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Do large gains make willing sellers?, Dong HONG, Roger LOH, and Mitch WARACHKA Journal Article

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Weak identification of long memory with implications for inference, Jia LI, Peter C. B. PHILLIPS, Shuping SHI, and Jun YU Working Paper

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Downscaling of physical risks for climate scenario design, Enrico BIFFIS and Shuai WANG Report

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Geopolitics and ballpark estimates, Thomas LAM and David FERNANDEZ News Article

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Impact measurement and standards, Angeline CHUA, Hao LIANG, and Wanyi YANG Report

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Sandwiched between a rock and a hard place?, Thomas LAM and David FERNANDEZ News Article

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SKBI Big 5 Survey 2022 February, Singapore Management University Presentation

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Outsourcing climate change, Rui DAI, Rui DUAN, Hao LIANG, and Lilian NG Working Paper

Submissions from 2021

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Digital sustainability and entrepreneurship: How digital innovations are helping tackle climate change and sustainable development, Gerard GEORGE, Ryan K. MERRILL, and Simon J. D. SCHILLEBEECKX Journal Article

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Greenwashing: Evidence from hedge funds, Hao LIANG, Lin SUN, and Melvyn TEO Working Paper

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SKBI Big 5 Survey 2021 August, Singapore Management University Presentation

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Squawking about persistently higher inflation?, Thomas LAM News Article

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Japanese monetary policy and its impact on stock market implied volatility during pleasant and unpleasant weather, Marinela Adriana FINTA Journal Article

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Internal capital markets and return predictability in complex ownership firms, Angelica GONZALEZ, Sergei SARKISSIAN, Jun TU, and Ran ZHANG Working Paper

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Impact assessment and measurement with Sustainable Development Goals, Hao LIANG, David FERNANDEZ, and Mikkel LARSEN Working Paper

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Japanese monetary policy and its impact on stock market implied volatility during pleasant and unpleasant weather, Marinela Adriana FINTA Working Paper

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SKBI Big 5 Survey 2021 February, Singapore Management University Presentation

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Rise of the machines? Intraday high-frequency trading patterns of cryptocurrencies, Alla A PETUKHINA, Raphael C. G. REULE, and Wolfgang Karl HARDLE Journal Article

Submissions from 2020

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Data driven value-at-risk forecasting using a SVR-GARCH-KDE hybrid, Marius LUX, Wolfgang Karl HARDLE, and Stefan LESSMANN Journal Article

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Macroeconomic stabilization in the digital age, John BEIRNE and David FERNANDEZ Edited Book

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FRM Financial Risk Meter, Andrija MIHOCI, Michael ALTHOF, Cathy Yi-Hsuan CHEN, and Wolfgang Karl HARDLE Book Chapter

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TERES: Tail Event Risk Expectile Shortfall, Andrija MIHOCI, Wolfgang Karl HARDLE, and Cathy Yi-Hsuan CHEN Journal Article

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Corporate social responsibility and sustainable finance: A review of the literature, Hao LIANG and Luc RENNEBOOG Working Paper

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Financial technology and inclusion in ASEAN, David FERNANDEZ and Marc RAKOTOMALALA Working Paper

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SKBI Big 5 Survey 2020 August, Singapore Management University Presentation

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FOMC playbook: The only new game in town?, Thomas LAM News Article

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Risk premium spillovers among stock markets: Evidence from higher-order moments, Marinela Adriana FINTA and Sofiane ABOURA Journal Article

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DBS Impact Measurement Project: Technical review, Hao LIANG, Phuong Tran Bao NGUYEN, David FERNANDEZ, and Jun Ho PARK Report

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Investing with cryptocurrencies: A liquidity constrained investment approach, Simon TRIMBORN, Mingyang LI, and Wolfgang Karl HARDLE Journal Article

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Understanding cryptocurrencies, Wolfgang Karl HARDLE, Campbell R. HARVEY, and Raphael C. G. Ruele Journal Article

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SKBI Big 5 Survey 2020 February, Singapore Management University Presentation

Submissions from 2019

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An AI approach to measuring financial risk, Lining YU, Wolfgang Karl HARDLE, Lukas BORKE, and THIJS BENSCHOP Journal Article

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Cooling measures and housing wealth: Evidence from Singapore, Wolfgang K. HARDLE, Rainer SCHULZ, and Taojun XIE Working Paper

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SKBI Big 5 Survey 2019 August, Singapore Management University Presentation

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Time-varying contemporaneous spillovers during the European Debt Crisis, Marinela Adriana FINTA, Bart FRIJINS, and Alireza TOURANI-RAD Journal Article

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Forecasting in Blockchain-Based Local Energy Markets, Michael KOSTMANN and Wolfgang Karl HARDLE Journal Article

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Order flow volatility and equity costs of capital, Tarun CHORDIA, Jianfeng HU, Avanidhar SUBRAHMANYAM, and Qing TONG Journal Article

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The great Fed pivot, Thomas LAM and David FERNANDEZ News Article

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Volatility spillovers among oil and stock markets in the US and Saudi Arabia, Marinela Adriana FINTA, Bart FRIJNS, and Alireza TOURANI-RAD Journal Article

Submissions from 2018

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Commodity return predictability: Evidence from implied variance, skewness and their risk premia, Marinela Adriana Finta and Jose Renato Haas ORNELAS Conference Paper

Commodity return predictability: Evidence from implied variance, skewness and their risk premia, Marinela Adriana Finta and Jose Renato Haas ORNELAS Conference Paper

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Likely trajectory of Fed policy far from settled, Thomas LAM and David FERNANDEZ News Article

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Inflation expectations in Singapore: A behavioural approach, Alexander CLARK, Aurobindo GHOSH, and Samuel HANES Journal Article

Submissions from 2016

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Governance matter: Morningstar stewardship grades and mutual fund performance, Jerry X. CAO, Aurobindo GHOSH, Jeremy GOH, and Wee Seng NG Conference Paper

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Blockchain and smart contracts, Simon J.D. SCHILLEBEECKX, Miguel SORIANO, and Ernie G. S. TEO Report

Submissions from 2015

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Emergence of FinTech and the LASIC Principles, David K. C. LEE and Ernie G. S. TEO Journal Article

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A risk- and complexity-rating framework for investment products, Benedict S. K. KOH, Francis KOH, David K. C. LEE, Kian Guan LIM, David NG, and Kok Fai PHOON Journal Article

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On the edge of disruption, David K. C. LEE Magazine Article

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Tail Event Driven Asset Allocation: Evidence from Equity and Mutual Funds Markets, Wolfgang Karl HARDLE, David K. C. LEE, Sergey NASEKIN, Xinwen NI, and Alla PETUKINA Conference Paper

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Investor sentiment aligned: A powerful predictor of stock returns, Dashan HUANG, Fuwei JIANG, Jun TU, and Guofu ZHOU Journal Article

Submissions from 2014

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Impact of component supplier branding on profitability, Stefan WORM and Rajendra K. SRIVASTAVA Journal Article

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Singapore's Financial Market: Challenges and Future Prospects, David K. C. LEE and Kok Fai PHOON Book Chapter

Submissions from 2012

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Grades Matter in Performance: Morningstar Stewardship Grades and Mutual Fund Performance, Aurobindo GHOSH, Jeremy GOH, and Wee Seng NG Working Paper

Submissions from 2011

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Singapore Consumer’s Inflation Expectations and Creation of Singapore Index of Inflation Expectations, Aurobindo GHOSH and Jun Yu Working Paper

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The implications of sovereign wealth fund investment on capital markets: A bottom-up view, David FERNANDEZ Book Chapter

Submissions from 2010

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Bayesian analysis of structural credit risk models with microstructure noises, Shirley J. HUANG and Jun YU Journal Article

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An Analysis of Extreme Price Shocks and Illiquidity among Systematic Trend Followers, Wing Bernard LEE, Shih-Fen CHENG, and Annie KOH Working Paper