Faculty & Staff Directory
Rui Li
Title: Associate Professor
Phone: 617.287.3182
Email: Rui.Li@umb.edu
Department: Accounting & Finance
Areas of Expertise
Financial Economics
Degrees
PhD in Economics
Additional Information
Selected Publications
- "Sufficient Communication in Repeated Games with Imperfect Private Monitoring" (2010), Economics Letters, Vol 108, Page 322-326.
- "Investment and CEO Compensation under Limited Commitment" with Hengjie Ai (2015), Journal of Financial Economics, Vol 116, Page 452-472.
- "Dynamic Agency with Persistent Observable Shocks" (2017), Journal of Mathematical Economics, Vol 71, Page 74-91.
- "Moral hazard in investment and endogenous risk-taking" (2017), Economics Letters, Vol 157, Page 112-115.
- "A tractable model of limited enforcement and the life-cycle dynamics of firms" with Hengjie Ai (2018), Economics Letters, Volume 163, Page 136-140.
- "Dynamic Agency and Large-Risk Taking" (2019), International Review of Finance, Volume 19, Page 471-480.
- "Corporate Investment and Foreign Penetration: Imports and Inward Foreign Direct Investment" with Chi Wan and Mengying Wang (2018), Journal of International Money and Finance, Vol 85, Pages 124-144
- "A unified model of firm dynamics with limited commitment and assortative matching" (2021) with Hengjie Ai, Dana Kiku, and Jincheng Tong, Journal of Finance, Volume 76, Page 317-356.
- "A Quantitative model of dynamic moral hazard" (2022) with Hengjie Ai, Dana Kiku, forthcoming Review of Financial Studies.
Working Papers
- "Optimal Unemployment Insurance and Cyclical Fluctuations."(2014) with Noah Williams.
- "Optimal Contracts with Hidden Risk." (2016) with Noah Williams.
- "Moral Hazard and Investment-Cash-Flow Sensitivity" (2017) with Hengjie ai and Kai Li.